Crude Oil Prices Rise Again

The possibility of reduction in the prices of petroleum products in Pakistan

Crude oil prices in the world market increased marginally after a continuous decline.

According to global media, Brent crude futures rose 3 cents to $81.71 a barrel, while US West Texas Intermediate (WTI) crude futures rose 17 cents, or 0.2 percent, to $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 worth noting that after American and British crude oil in the global market, the price of Russian crude oil is also decreasing.

According to international media, the price of Russian oil per barrel has fallen below 60 dollars in the market.

The European Union has set a limit of 60 dollars per barrel for Russian oil, but the price of Russian oil in the market is below the specified limit.

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According to the report, the prices of crude oil are currently at the lowest level of 4 months, under the influence of which a large reduction in the prices of petroleum products is expected in Pakistan from December 1.

It will be done with the approval of Prime Minister.