Azernews.Az

Wednesday April 2 2025

Oil prices decline on global markets

5 July 2024 14:06 (UTC+04:00)
Oil prices decline on global markets
Nazrin Abdul
Nazrin Abdul
Read more

Oil prices are closely monitored indicators of global economic activity and geopolitical stability, Azernews reports.

The prices of Brent and Light crude, traded on the London ICE and New York NYMEX exchanges respectively, reflect market sentiment and supply-demand dynamics.

The price of a barrel of Brent crude on the London ICE exchange dropped by $0.32 to $87.11.

Meanwhile, the price of a barrel of Light crude on the New York NYMEX fell by $0.19 to $83.69.

These price movements have implications for various stakeholders, including oil-producing nations, energy companies, consumers, and financial markets, influencing investment decisions, inflation rates, and overall economic stability on a global scale.

---

Follow us on Twitter @AzerNewsAz

Here we are to serve you with news right now. It does not cost much, but worth your attention.

Choose to support open, independent, quality journalism and subscribe on a monthly basis.

By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more