Oil Prices Enter Danger Zone
International oil rates have officially crossed $116 per barrel just a few hours after natural gas costs in the European Union surged to highest level since 2022.
International oil rates have officially crossed $116 per barrel just a few hours after natural gas costs in the European Union surged to highest level since 2022.
Article outline
- What happened
- The key numbers
- The bottom line
Key points
- Western Texas Intermediate (WTI) was up 3.13 percent or $3.11 to $102.6.
- At the time of press, Brent was trading at $116.2 per barrel, up 2.7 percent or $3.06.
- UAE crude applied by Pakistan in this year's crude oil imports was up 3.81 percent or $4.2 to $114.2.
- The new daily fuel pricing mechanism is projected to reflect the oil bulls in the coming sessions.
- Obtain the latest business news, market insights, and economic updates wherever you prefer.
At the time of press, Brent was trading at $116.2 per barrel, up 2.7 percent or $3.06. Pump Owners Unhappy With Daily Fuel Rates.
For context, the new daily fuel pricing mechanism is projected to reflect the oil bulls in the coming sessions. Stay Connected with ProPakistani.
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Taken together, the developments around oil Prices Enter Danger Zone point to a situation that is still moving, and the coming days should bring more clarity.
