ISLAMABAD, November 10, 2026: Global crude oil prices continued their downward trend on Tuesday, with Brent crude falling to $91.60 per barrel amid fluctuations in international energy markets.
According to international market reports, US West Texas Intermediate (WTI) crude also declined, slipping below $86 per barrel.
Meanwhile, Murban crude from the United Arab Emirates was traded at approximately $99 per barrel, maintaining a premium over the other major oil benchmarks.
The latest decline follows a similar downward movement recorded on November 9, indicating continued pressure on international crude oil prices.
Oil markets have remained sensitive to geopolitical developments in the Middle East, particularly the conflict involving Iran and the United States and its implications for regional energy supplies.
Recent diplomatic developments have raised expectations of reduced tensions, although uncertainty surrounding maritime security and oil transportation routes continues to influence market sentiment.
Brent crude serves as a major international pricing benchmark, while WTI is widely used to assess oil market conditions in the United States.
Murban crude, produced in the UAE, is another important benchmark for Asian energy markets.
Changes in international crude prices are particularly relevant for oil-importing countries such as Pakistan, where global petroleum prices influence import costs and domestic fuel pricing calculations.
However, any reduction in international crude prices does not automatically translate into lower retail petrol and diesel prices, which also depend on exchange rates, petroleum levies, taxes and government pricing decisions.
Market participants will continue monitoring developments in the Middle East and global energy supply conditions for indications of future price movements.