Oil prices decline in World markets
Akbar Novruz
Read moreThe price of oil has decreased in global markets, reflecting ongoing uncertainties and fluctuations in supply and demand.
According to Azernews, the price of a barrel of "Brent" crude oil on London's InterContinental Exchange Futures (ICE) fell by $0.57, settling at $76.36. Similarly, the price of a barrel of "Light" crude oil on the New York Mercantile Exchange (NYMEX) dropped by $0.48, reaching $73.07.
It is noteworthy to add recent trends in oil prices have been affected by concerns over potential economic slowdowns, shifts in demand from key consumers, and production adjustments by OPEC+.
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