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Business & Commerce

Global Oil Prices Decline as Brent Crude Falls to $95.84 Per Barrel

Last updated: November 15, 2026 11:25 pm
Misbah Jogyat
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Global Oil Prices Decline as Brent Crude Falls to $95.84 Per Barrel
Global Oil Prices Decline as Brent Crude Falls to $95.84 Per Barrel
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International oil prices remained under pressure during Friday’s trading session on November 13, 2026, as investors assessed concerns about increasing global supplies and weaker demand.

According to Reuters, Brent crude settled at $95.84 per barrel, while US West Texas Intermediate crude stood at $88.56 per barrel.

Both major oil benchmarks recorded approximately a 2.5 percent weekly decline.

Concerns about a potential global supply surplus, rising US inventories and weaker demand for petroleum products contributed to the downward trend.

For oil-importing countries like Pakistan, declining international oil prices could help reduce import costs. However, domestic fuel prices also depend on exchange rates, taxes and government pricing decisions.

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Previous Article Gold Prices Fall by Rs700 Per Tola in Pakistan Gold Prices Fall by Rs700 Per Tola in Pakistan
Next Article Global Oil Market Faces Oversupply Concerns as Supply Growth Outpaces Demand Global Oil Market Faces Oversupply Concerns as Supply Growth Outpaces Demand
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