The appreciation of the dollar and profit taking by investors led to a decline in crude oil prices.
Moscow: The downward trend in crude oil prices continued today (Tuesday) in the global market, with falling to a three-week low.
According to the news agency, Brent crude oil fell 92 cents to $89.79 per barrel, while US West Texas Intermediate crude fell 92 cents to $87.90 per barrel. These crude oil prices are at the lowest level since September 13.
According to the report, the appreciation of the dollar and profit taking by investors led to a decline in crude oil prices. There are fears of a drop in oil demand due to increased crude oil supply and high interest rates.
Brent futures, which account for three-quarters of the world's oil prices, have risen by about 26 percent since Saudi Arabia announced an output cut in June.
Saudi Arabia and Russia, the two largest producers in the world market, have extended their production cuts until the end of the year.
Massive hike in gold rates across Pakistan
- 15 منٹ قبل
Motorcyclist dies after being hit by water tanker in Karachi
- 4 گھنٹے قبل
New great feature for people using Gmail on Android phones
- 2 گھنٹے قبل
Two terrorists killed in police, CTD joint operation in Bannu
- 4 گھنٹے قبل
Prisoners lists exchanged between Pakistan, India
- 2 گھنٹے قبل
Student dies, 8 injured as van catches fire near Ahmadpur Sharqia
- 5 منٹ قبل
Judicial Commission approves appointments of CJs of three high courts
- ایک گھنٹہ قبل
Thai court suspends PM over phone call leak
- 4 گھنٹے قبل
Cambridge offers candidates free re-sits for leaked exam papers
- 2 گھنٹے قبل
Iranian hackers threaten to leak emails of Trump's close aides
- 4 گھنٹے قبل
Maternity homes sealed after 20 newborns died in Pakpattan
- 3 گھنٹے قبل
Shadab Khan suffers shoulder injury, likely to rest for 3 months
- 3 گھنٹے قبل
