Brent crude oil price decreased by 0.54 cents to $87.40 per barrel.
Moscow: The prices of crude oil in the world market have decreased again.
According to international media, US crude oil West Texas Intermediate (WTI) fell 0.53 cents to settle at $85.85 per barrel, while Brent crude oil price decreased by 0.54 cents to $87.40 per barrel.
It is pertinent to note that due to the Israeli-Palestinian war, the prices of crude oil have increased by 5 percent in the world market during the last three days.
According to Saudi media, Brent crude rose $4.18, or 4.94 percent, to settle at $88.76 a barrel in Asian trade amid fears of possible supply disruptions from Iran due to increased Israeli-Palestinian tensions.
On the other hand, according to foreign media, organization of oil producing countries, Organization of the Petroleum Exporting Countries (OPEC) Plus has not made any decision immediately regarding the reduction or increase in oil production.
PM Shehbaz Meets Nawaz Sharif in Jati Umra, Briefs on Foreign Visits and Kashmir Talks
- 7 hours ago
Gold prices increase in Pakistan, global markets
- 8 hours ago
ISPR warns of aggressive response to any Indian misadventure
- 6 hours ago
Trump’s $100,000 fee for H-1B worker visas challenged in lawsuit
- 13 hours ago
14 terrorists neutralised in Khuzdar security operation: ISPR
- 12 hours ago
How Gaza aid flotilla used cameras, data to win global attention
- 11 hours ago
Amazon announces a new Echo Studio
- 13 hours ago
Meta rolls out Instagram Map in Pakistan
- 7 hours ago
Cyclone ‘Shakti’ in Arabian Sea intensifies: Met Office
- 11 hours ago
Taifi Butt arrested in murder case of Amir Balaj Tipu in Dubai
- 12 hours ago
PIA to resume UK flight operations from Oct 25
- 12 hours ago
The Democrats’ shutdown strategy is terrible. Here’s a better one.
- 11 hours ago
