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.

The real quest for fake blood
- 5 hours ago

Could this $10 weightlifting supplement be a depression treatment?
- 5 hours ago

Motorways Police action against Ducky Bhai
- an hour ago

Passing out parade at PMA Kakul, political, military leadership present
- 2 hours ago

Gen Z is finding religion. Why?
- 5 hours ago

India closes Attari border, people coming to Pakistan stuck
- an hour ago

US offers Saudi Arabia $100bn defense deal
- 3 hours ago

US President to restore foreign students' legal status
- 32 minutes ago

PM determined to give befitting reply like 2019 against India’s attempt
- 9 minutes ago

Heat wave forecast in country from today
- 3 hours ago

Imran Khan's letter to CJP, Acting CJ of IHC
- 2 hours ago

Pakistan, India will find solution themselves: Trump's response to rising tension
- 3 hours ago