Global crude oil prices recorded a further dip in the international market on Tuesday and continued with the ongoing volatility in energy trade.
US West Texas Intermediate (WTI) crude has fallen by 1.79% to $79.36 a barrel, and Brent crude has slid by 1.54% to $81.89 a barrel.
This follows an over 7% plunge in global oil prices during the previous session and reflects sustained pressure in the global energy market.
These decreasing prices of crude oil have also boosted hopes that fuel rates might be relieved, and Pakistan is abuzz with rumors that the government will cut the petrol prices during the next few days to transmit the benefits of a lower international market.
