Significant Decline in Crude Oil Prices

Global Oil Market Slumps as Brent Dips Below $63 and WTI Under $59 Amid Reduced Demand

Muhammad Kamran Akhtar
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October 11, 2025 – Web Desk

A notable decrease in crude oil prices has been observed in the international market.

Brent crude oil prices fell by $2.45, dropping from $65.35 per barrel to $62.77 per barrel, marking a 3.76% decline.

In the US crude oil market, prices decreased by $2.56 per barrel, bringing the rate down from $61.78 to $58.95 per barrel.

Global experts attribute this drop to reduced worldwide demand and market instability. It is worth noting that petroleum product prices in Pakistan are revised every 15 days.

Fluctuations in global oil prices also impact Pakistan. Due to the decline in crude oil rates, a reduction in petroleum product prices is anticipated in the country, with the final decision to be made by the government.

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