Oil Prices Drop on September 25th

The price of oil has taken a hit on September 25th, with both WTI Crude Oil and Brent Crude Oil experiencing declines. According to reports from Armenpress, WTI Crude Oil saw a decrease of 0.70% to $92.44 per barrel on the NYMEX Stock Exchange. Meanwhile, Brent Crude Oil dropped by 1.19% to $104.38 per barrel at London's ICE Stock Exchange.

The NYMEX and ICE are leading exchanges for oil futures trade, with the NYMEX being a US-based market founded in 1882. The ICE, on the other hand, is a London-based options exchange that has been operating since 1982. A single barrel of oil measures 159.98 liters.