Oil prices fluctuated on Thursday after a two-day rally as traders looked to consolidate their positions amid signs of a tightening market and encouraging US inflation data. Brent, the benchmark for two third of the world’s oil, was 0.55 percent lower at $86.83 a barrel. West Texas Intermediate, the gauge that tracks US crude, was down 0.49 percent at $82.85 a barrel.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pakistan’s economy to boost up to 4pc by 2022: ADB

According to Asian Development Bank’s projection, Pakistan’s Gross Domestic Product for the…

Oil rises as Russia cuts output after Western price cap

Oil contracts rebounded on Friday after Russia announced it would slash its…

Ukraine not to curb 2023-2024 wheat exports: Govt

An agriculture ministry official stated that Ukraine saw no need to limit…

Ishaq Dar confident of managing external financing for FY23

Islamabad: On Wednesday, Finance Minister Ishaq Dar said that Pakistan was well-positioned…