While U.S. West Texas Intermediate crude futures were up 43 cents, or 0.6 percent to cost at $72.62.


Moscow: Due to ongoing tensions in the Middle East, the prices of crude oil continue to rise.
Oil prices rose after the Federal Reserve meeting on Friday, with Brent crude futures up by 31 cents, or 0.4 percent to settle at $77.90 per barrel, according to reports.
While U.S. West Texas Intermediate crude futures were up 43 cents, or 0.6 percent to cost at $72.62.
It is pertinent to note that the risks of the Israel-Gaza conflict turning into a regional conflict are increasing, due to which oil prices are also fluctuating.
According to ING analysts, there is still considerable tension in the Middle East with Houthi rebels deploying naval drones in the Red Sea and US airstrikes in Baghdad.

PSX hits record high following announcement of electricity tariff cuts
- 12 hours ago

Mohsin Naqvi appointed president of Asian Cricket Council: Sources
- 14 hours ago

The 50 best Amazon Big Spring Sale deals under $100
- 2 hours ago

Met Office forecasts Karachi's temperature rising up to 40°C this week
- 13 hours ago

Gold prices hit new peak at Rs325,500 per tola
- 12 hours ago

Trump’s tariffs stoke global trade war as China, EU hit back
- 14 hours ago

Nazia Hassan: Celebrating legacy of a pop icon on her 60th birthday
- 13 hours ago

TikTok, tariffs, and trials: everything happening in tech’s chaotic April
- 2 hours ago

Apple TV Plus is on a hot streak
- 2 hours ago
18-year-old dies from Congo virus in Quetta
- 13 hours ago

The 50 best things Microsoft has ever made
- 2 hours ago
Former Pakistan test cricketer Farooq Hamid passes away
- 15 hours ago