Global oil prices surge amid market dynamics
![Global oil prices surge amid market dynamics](https://www.azernews.az/media/2024/05/16/oil-prices.jpg)
Oil prices are on the rise in global markets, Azernews reports.
A barrel of "Brent" oil, traded on London's ICE ("InterContinental Exchange Futures"), has climbed by $0.15 to $79.77.
Meanwhile, "Light" oil, traded on the New York NYMEX ("New York Mercantile Exchange"), saw a $0.14 increase, reaching $75.67 per barrel.
These fluctuations reflect the complex interplay of supply and demand dynamics, along with geopolitical factors influencing the energy market.
---
Follow us on Twitter @AzerNewsAz