Oil Prices Rise on Global Markets

Oil Prices Rise on Global Markets

Oil prices rose in global markets, reflecting growing demand and tightening supply conditions.

On the London Intercontinental Exchange (ICE), the price of Brent crude rose by $0.30 to reach $69.82 per barrel, The Caspian Post reports. Meanwhile, on the New York Mercantile Exchange (NYMEX), the price of Light crude increased by $0.27, trading at $67.81 per barrel.

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Oil prices rose in global markets, reflecting growing demand and tightening supply conditions.