Global Oil Prices Surge: Brent And Light Crude See Increases
Date
5/18/2024 4:23:40 AM
(MENAFN- AzerNews)
Nazrin Abdul Read more
Oil prices have risen in global markets, Azernews reports.
The price of a barrel of Brent crude on the London ICE(InterContinental Exchange Futures) exchange increased by $0.71 to$83.98.
Meanwhile, on the NYMEX (New York Mercantile Exchange) in NewYork, the price of a barrel of Light crude rose by $0.83 to$80.06.
In conclusion, the recent surge in oil prices across globalmarkets, as evidenced by the increase in both Brent and Light crudeprices on major exchanges, reflects a significant upward trend.
This rise may have far-reaching implications for variousstakeholders, including oil-producing nations, consumers, andinvestors, underscoring the dynamic nature of the oil market andits impact on the global economy.
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