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.

7.7 magnitude earthquake devastates Myanmar, over 2,700 dead
- 2 hours ago
TTP makes extortion demands from DI Khan sugar mills
- 2 hours ago

Mufti Qavi sends Eid message to Rakhi Sawant, proposes marriage
- 2 hours ago

Nearly two dozen states challenge Trump administration’s health cuts
- 2 hours ago

President Zardari recovering well, no Dubai transfer: Sharjeel Memon
- 2 hours ago
Unknown attackers fire at CM's assistant residence in Peshawar
- 2 hours ago

Six dead, nine injured in Gujranwala house fire
- an hour ago

Lahore zoo raises ticket prices to Rs300
- 3 hours ago
New Zealand dominate Pakistan in second ODI
- 3 hours ago

Sweltering heat expected to persist in Karachi
- 3 hours ago

Elon Musk's X to launch payment service
- 25 minutes ago
Actor Val Kilmer, star of 'Batman Forever', dies at 65, NYT reports
- 4 hours ago