News Desk
LONDON: Global crude oil prices fell after reaching multi-year highs, according to international market reports. Brent crude oil dropped from 124 dollars per barrel to around 114 dollars per barrel, while WTI crude oil declined from 110 dollars to about 104 dollars per barrel.
According to Reuters, the market showed signs of stabilisation after hitting its highest level in four years.
Meanwhile, Pakistan’s stock market also saw a sharp decline, with the benchmark index falling by 2,829 points to close at 162,994 points.
Across Asia, major indices in Japan, Hong Kong, South Korea, and India also dropped by more than 1%. In contrast, European markets including Germany, the United Kingdom, and France recorded gains.
Analysts say global markets remain volatile due to ongoing geopolitical uncertainty.
#OilPrices #Brent #WTI #StockMarkets #GlobalEconomy #Reuters
