The prices of oil in the world market started to rise again
British crude oil prices again rose above the $80 level due to the tense situation in the Red Sea.
Oil prices on the global market rebounded, with British crude once again rising above the $80 level due to the tense situation in the Red Sea. According to the details, the trend of reduction in oil prices in the world market, which started a few days ago, has now stopped again. A few days ago, it was expected that the price of British crude oil would go below the level of 70 dollars per barrel, but now the price of crude oil has increased significantly again.
According to media reports, the price of crude oil increased in the global market due to the tension in the Red Sea. Crude oil prices have recorded an increase of about 1 percent due to ongoing tensions in the Red Sea.
Because of this, the price of British crude oil per barrel in the world market reached the level of 88.10 dollars, while the price of American crude oil per barrel increased to more than 74 dollars.
According to experts, the price of crude oil in the world market is likely to remain at the level of 80 to 85 dollars per barrel during the next year. On the other hand, petroleum products are expected to become cheaper in Pakistan from January 1. According to media reports, petroleum products may become cheaper in Pakistan from January 1 due to the recent drop in crude oil prices in the global market. However, the final decision in this regard will be taken by the caretaker government on the basis of OGRA's summary. Ogra will send a summary of the new prices of petroleum products for the first 15 days of the new year to the caretaker government on December 30 or 31.
