Oil prices have been steadily rising for the third week in a row, surpassing the previous month’s record low. In London’s ICE Futures market, the price of Brent crude futures for June increased by $0.58 (0.64%), reaching $90.68 per barrel. On Tuesday, these agreements saw a further increase of $0.35 (0.4%), reaching $90.10 per barrel.

The New York Mercantile Exchange (NYMEX) also saw an increase in WTI crude futures for May, rising by $0.58 (0.68%) to reach $85.99 per barrel. However, the value of these agreements had decreased by $0.25 (0.3%) in the previous trading session, reaching $85.41 per barrel.

These developments in the oil market signal a potential rebound in prices, but it remains to be seen whether this upward trend will continue in the coming weeks. It is important to closely monitor the factors influencing oil prices, such as geopolitical events and global supply and demand dynamics.

Switching gears, let’s turn our attention to the latest news from Armenia.