Global oil prices drop as easing tensions cut supply fears
For readers checking the petrol price in Pakistan today, Brent fell $1.47 to $91.29 a barrel on Thursday as easing tensions and rising supply weighed on crude.
Brent crude fell $1.47, or 1.58 per cent, to $91.29 a barrel on Thursday.
US West Texas Intermediate (WTI) dropped $1.24, or 1.43 per cent, to $85.29 a barrel.
Easing fears of wider geopolitical escalation reduced worries about supply disruptions.
OPEC+ output rose in October, and US crude stocks reportedly rose by nine million barrels in the latest week.
These global figures do not set Pakistan's local petrol rate, which depends on domestic pricing decisions.