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Crude oil

Due to tensions in the Middle East, crude oil prices in the global market increased by one percent.

U.S. West Texas Intermediate (WTI) crude futures rose $1.09, or 1.56 percent, to $70.92 a barrel.

Positive initiatives of the federal government, petrol 26.5 rupees and diesel 34 rupees cheaper per liter in one and a half months.

In addition, WTI Brent is at the level of 71 dollars per barrel. The situation in the Middle East may further affect crude oil prices. The price of crude oil has also been affected by the cut in interest rates in the US.

It should be noted that the prices of petroleum products were reduced in Pakistan two days ago.


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