Global oil prices dip amid concerns over Chinese economic growth
Despite this dip, Brent crude oil remains above significant $90 per barrel mark
Despite this dip, Brent crude oil remains above significant $90 per barrel mark
Brent crude futures barely budged, hovering just above the $90-a-barrel mark
These gains followed a remarkable 2% surge on Tuesday, bringing prices to levels last seen in Nov 2022
Oil prices comes on the heels of both benchmarks hitting 10-month highs earlier this week.
In case of approval, price of petrol to increase to Rs321.35
Global interest rate hike expectations and Chinese economic stimulus propel crude prices
Saudi Arabia and Russia extended their production cuts
Brent crude futures experienced increase of 41 cents, or 0.43%, reaching $94.84 per barrel
Pakistan Petroleum Dealers Association chairman says several petrol pumps in Karachi rapidly depleting fuel reserves
Spot gold holds steady at $1,930.51 per ounce, remaining below recent peak reached on Tuesday
Brent crude futures experienced decrease of $1, reaching $93.33 per barrel
Prices had surged by over 10% in the last three weeks
Rising petrol prices in Pakistan: A look at the causes and challenges
Brent crude futures were observed to be down 38 cents, settling at $92.91 per barrel
Surge in prices was driven by expectations of a significant crude supply deficit in the fourth quarter
There may be potential decrease of Rs38 in petrol, Rs18 in diesel prices in Pakistan
Concerns of escalating Middle East conflict loom
Both Brent and WTI crude experienced a more significant drop of over 2%
Oil market experienced a setback last week, with both benchmarks dropping by over 4%
Market appears less preoccupied with the potential for supply disruptions in Middle East
Brent futures slid 72 cents to $80.46 a barrel
Anticipation builds for OPEC+ decision amidst supply-demand concerns
Uncertainties loom over OPEC's effectiveness in stabilizing prices following Angola's decision to exit the organization
Concerns arise as global crude supplies may surpass demand in the coming quarters
Li added that the forecast Chinese holiday demand was also raising expectations for a price rebound in January.
OPEC+ group to meet on Feb.1 to review implementation of the latest oil output cut
Brent crude trades at $78.6 per barrel, WTI at $73.9, marking weekly gains
Growing unease about Chinese and global economies cast a shadow on oil markets
Brent crude slipped by 0.1% to $78.47 a barrel
Geopolitical tensions provide a buffer, but concerns loom over escalating conflicts
Brent crude surges to $82.57 a barrel, WTI reaches $76.95
March Brent crude futures, set to expire today, witnessed a decline of 37 cents
Iran-aligned Houthis continued their attacks on shipping lanes in the Red Se
Brent crude futures nudged up by 15 cents to reach $83.11 a barrel