Crude oil prices rise again in global market

Moscow: The crude oil prices in the global market have increased marginally after a continuous decline.

According to global media, Brent crude futures rose 03 cents to settle at $81.71 per barrel, while US West Texas Intermediate (WTI) crude futures rose 17 cents, or 0.2 percent, to settle at $76.58 a barrel.

According to experts, investors became cautious ahead of the OPEC meeting, while supply disruptions due to storms in the Black Sea boosted prices.

It is pertinent to note that after US and British crude oil in the global market, the price of Russian crude oil is also decreasing.

According to the international media, the price of Russian oil per barrel has fallen below 60 dollars in the market. The limit of 60 dollars per barrel of Russian oil has been set by the European Union, but the price of Russian oil in the market is below the specified limit.

It is also reported that the prices of crude oil are currently at the lowest level of four months, under the influence of which a large reduction in the prices of petroleum products is expected in Pakistan from December 1. However, the final announcement of petroleum product prices for the next 15 days will be made with the approval of Prime Minister.