After the agreement between the US and Iran, crude oil prices have been slashed further in the global market, which is witnessing a significant change in the energy market.
According to the details, crude oil prices have decreased once again in the global market, after which a significant change is being witnessed in the energy market. According to reports, after the recent agreement between the US and Iran, pressure on crude oil prices has increased, as a result of which the global oil price has decreased by about 2%.
After the continuous decrease in crude oil prices in the global market, expectations of a further decrease in the prices of petroleum products have increased in Pakistan as well. According to the latest data, Brent crude oil is being sold at $77 per barrel, while US crude oil (WTI) is being traded at $73 per barrel, and UAE Murban crude is being traded at $69 per barrel.
According to economists, the main reason for the recent decline is the possibility of a decrease in geopolitical tensions and an improvement in supply, which is bringing down oil prices in the global market.
It should be noted that this lowest level of Brent crude oil has been recorded since the start of the Iran war, which is being described as a significant development in the global energy market.
