London: During trading operations on the ICE London Intercontinental Exchange, the price of the April 2025 Brent oil export contract increased by 0.34% to 76.13 US dollars per barrel, APA-Economics reports. The price of a barrel of WTI oil for export in March this year on the NYMEX commodity exchange in New York increased by 0.28% to 72.52 US dollars per barrel.

According to Azeri-Press News Agency, the rise in oil prices indicates a response to market dynamics and trading activities on major global exchanges. This increase in prices reflects ongoing trends and movements within the oil market, as investors and traders react to various economic factors influencing supply and demand.

The Brent oil and WTI oil are key benchmarks in the global oil market, and their price fluctuations are closely monitored by industry stakeholders. The recent uptick is part of broader market trends, which can be influenced by geopolitical events, production decisions by major oil-producing nations, and changes in consumer demand.