Saturday, December 2, 2023

Further Reduction in oil Prices in World Market

Crude oil prices have further declined in the international market.

Brent crude futures fell $1.76, or 2 percent, to settle at $88.07 a barrel.

According to Moqar Qaumi newspaper, there is a possibility of further reduction in oil prices in Pakistan due to the decrease in oil prices in the world market.

U.S. West Texas Intermediate (WTI) was down $1.75, or 2.1 percent, at $83.74 a barrel.

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