Oil prices go down on rise in US crude stockpile

Author:

Oil prices edged lower on Thursday on surging coronavirus cases globally and rise in US crude stockpile.

At 1520 hours GMT, Brent, the global benchmark for two-thirds of the world’s oil, went down by 0.66 percent to $55.71 per barrel, whereas US crude gauge West Texas Intermediate (WTI) decreased by 0.84 percent to $52.86 per barrel. The price for Opec Basket was recorded at $54.85 a barrel with 1.72 percent increase, Arab Light was available at $56.41 a barrel after a decrease of 0.7 percent while price of Russian Urals remained unchanged at $42.22 a barrel.

Share
Leave a Comment

Recent Posts

  • Pakistan

Jolion HEV Officially Launched in Pakistan!

The strategic partnership of GWM and SAZGAR brought with it the world renowned Haval brand…

2 hours ago
  • Lifestyle

Celebrating Tradition: World’s Largest Rallis Crafted by Sindhi Artisans

In a celebration of heritage, skilland craftsmanship, we are pleased to announce the creation of…

3 hours ago
  • Pakistan

Wajood Society Pioneers Pakistan’s First Alliance of Transgender Adolescents and Youth

Multan, South Punjab, Pakistan - April 25, 2024 - In a historic stride towards inclusivity…

3 hours ago
  • Business

KSE-100 rallies over 1% to hit another record high

The Pakistan Stock Exchange's (PSX) benchmark KSE-100 Index hit a fresh peak on Friday, as…

4 hours ago
  • Business

Kaspersky Next: new flagship product line for business

Kasperskyintroduces its new flagship product line 'Kaspersky Next' combining robust endpointprotection with the transparency and…

4 hours ago
  • Business

Gold price per tola jumps Rs2,500

Gold prices increased in Pakistan on Friday in line with a rise in the international…

4 hours ago