Oil prices experienced minimal fluctuations on Thursday, reflecting a complex interplay of economic signals and geopolitical developments. Brent crude futures for November climbed slightly, gaining 8 cents to reach $73.73 a barrel. Conversely, West Texas Intermediate (WTI) crude for October fell by 3 cents, settling at $70.88 a barrel. This stability comes as market participants […]
The oil market experienced a significant price rebound of more than 1% on Thursday, driven by a large interest rate cut from the U.S. Federal Reserve. Brent crude, which had dipped below $69 last week—its lowest level of the year—rose to over $74, marking a recovery in oil prices. West Texas Intermediate (WTI) crude followed […]
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has made a bold move by slashing its key policy rate by 200 basis points (bps), bringing the interest rate down to 17.5%—the largest rate cut since April 2020. This aggressive decision comes as Pakistan’s inflationary pressures ease, supported by a favorable international […]
In recent times, the global energy landscape has witnessed a sharp decline in oil prices, providing a financial reprieve for nations that rely heavily on oil imports. Among these countries is Pakistan, a developing economy with significant energy demands and limited domestic production of fossil fuels. As a net importer of crude oil, Pakistan has […]
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