International oil prices go down amidst concerns of over-supply and global economic crisis

MG News | December 20, 2018 at 12:16 PM GMT+05:00

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December 20, 2018 (MLN): Oil prices fell on Thursday to eradicate most of the gains made in the previous session amidst worries about oversupply and the outlook for the global economy.

The U.S. crude contract has dropped by around $1.12 to $47.107 per barrel, whereas International benchmark Brent crude futures were down by over $1 at $56.34 per barrel.

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Name	Price/Vol	%Chg/NChg
KSE100	171,115.82 431.76M	-1.03% -1778.46
ALLSHR	102,630.82 1,022.40M	-0.72% -743.98
KSE30	51,478.54 123.81M	-1.23% -641.56
KMI30	245,731.79 184.52M	-1.22% -3035.83
KMIALLSHR	66,650.32 595.11M	-0.81% -541.20
BKTi	47,279.59 41.00M	-1.38% -660.98
OGTi	35,704.94 10.73M	-1.65% -598.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,390.00	0.00 0.00	5.00 0.01%
BRENT CRUDE	100.25	102.92 99.55	0.19 0.19%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-3.30 -2.91%
ROTTERDAM COAL MONTHLY	107.10	107.75 106.20	2.10 2.00%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	94.68	0.00 0.00	-0.74 -0.78%
SUGAR #11 WORLD	14.69	14.75 14.46	0.15 1.03%