Price of crude oil falls again in global market

Moscow: The prices of crude oil are again falling in the international market.

According to the details, Brent futures fell by 0.6 percent or 49 cents and settled at $78.39 per barrel, while US West Texas Intermediate crude futures were down by 0.6 percent or 42 cents and were settled at the rate of $73.65 per barrel.

Earlier in last week, the crude oil price fell by more than 2%, OPEC Plus also expressed concern over the slowdown in global production activities.

US oil rigs rose five to 505 this week which is the most since September, the energy firm reported.