<a href="https://industrymovement.com/business-education-designed-for-the-age-of-abundant-intelligence/” title=”Business Education Designed for the Age of Abundant Intelligence”>Business Recorder•30 Oct 2026, 6:25 AM PKT
•1 min read
Brent crude ended Thursday at USD114.88 a barrel, down 44 cents or 0.38 percent, while US WTI settled at USD102, off 78 cents or 0.76 percent. Business Recorder reported that both contracts had dropped by more than USD2 earlier in the session, before recovering part of those losses.
Fresh diplomatic efforts involving the US, Iran and Qatari mediators weighed on prices, while attacks and security concerns across the region limited the decline. Reports included a missile strike targeting Saudi Aramco and three tankers reportedly hitting sea mines near the Strait of Hormuz. Expectations of increased Russian crude and diesel output also restrained prices, while US crude and distillate inventories fell in the week ended October 23 and gasoline stocks rose.
At a glance
- Brent settled at USD114.88 a barrel, down 0.38 percent.
- WTI closed at USD102 a barrel, a decline of 0.76 percent.
- Diplomatic efforts and supply-disruption concerns pulled prices in opposite directions.
Originally reported by Business Recorder
This page is Investify’s own summary. The full report, with all details and context, is on the publisher’s site.
Want the full article here?
Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit thee making financial decisions
More PSX market news
- SCRA balance falls Rs115m to Rs38bn in week ended Oct 23Mettis• 30 Oct 2026
- SBP reserves rise $33m to $21.5bnMettis• 30 Oct 2026
- Diesel price rises by Rs0.85/litre, petrol unchangedMettis• 30 Oct 2026
- MG Morning Breeze: Updates to Skim before MarketMettis• 30 Oct 2026
- Pakistan, China sign agreement to facilitate agricultural trade at Sost-Khunjerab borderProfit• 30 Oct 2026
- Shelled almonds and cashews not smuggled goods under SRO: SCBR• 30 Oct 2026
