Islamabad (Commerce Desk)A slight decline has been recorded in global crude oil prices, although overall rates remain at elevated levels.
According to details, Brent crude oil is trading near 108 dollars per barrel, while Murban crude oil is being recorded at 106 dollars per barrel. International media reports indicate that West Texas Intermediate (WTI) crude oil stands at 100.6 dollars per barrel.
Experts say that ongoing tensions in the Strait of Hormuz and potential disruptions in maritime transport continue to pressure global oil prices, resulting in uncertainty in the international energy supply chain.