Oil prices drop in global

16 May 2025

Oil prices drop in global markets

11:17 16 May 2025 Read: 332

Oil prices drop in global markets

Oil prices declined in global markets.

On the London ICE (Intercontinental Exchange Futures), the price of Brent crude fell by $0.08, settling at $64.45 per barrel. Meanwhile, on the NYMEX (New York Mercantile Exchange), Light crude dropped by $0.07 to trade at $61.55 per barrel.

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