Global Oil Prices Skyrocket with WTI & Brent Increases
Oil prices have seen a significant increase globally, according to reports from Armenpress. The WTI Crude Oil (Light Sweet) price at the NYMEХ Stock Exchange has risen by 3.53% to $85.31 per barrel.
The Brent Crude Oil price at London’s IСE Stock Exchange has also seen a notable increase, up by 3.07% to $91.55 per barrel.
One barrel is equivalent to 159.98 liters of oil. The NYMEХ and IСE are prominent global exchanges for oil futures trade, with the former being one of the largest in the world.