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Further decline in crude oil prices in the global market

Crude oil prices have further decreased in the global market.

Crude oil prices fell on Tuesday due to fears of weak demand in China.

Brent crude futures for November settled down 48 cents, or 0.66 percent, at $72.27 a barrel, while U.S. crude for October settled down 0.53 percent.

U.S. crude oil fell 37 cents to $69.72 a barrel.

Oil refinery output fell for the fifth straight month due to lower fuel demand in China and lower export margins.

It should be noted that due to falling prices in the global market, the prices of petroleum products have been reduced for the fourth consecutive time in Pakistan.

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