Ro Maryam Ro
Minister (2k+ posts)
Yaaaar Crude Oil Price went down to 38$ a barrel lowest in years... But that benefit was not transferred to Consumers / Public. Now price is going up.. Today price is atleast 8% high. Current price is 41.85$
Now govt. will make a excuse that oil price is going high. The petrol price in Pakistan should be 20-30 Rs. less than the original price in Pakistan... Govt. is taking extra 20-30 Rs per litre.... Awaaaam ko bewakoooooooof benaya huwa haiii.
Oil is ripping.
On Thursday morning, West Texas Intermediate crude oil was the big winner, rising more than 7.5% to as high as $41.50 a barrel.
Earlier this week, WTI tipped below $38 a barrel, a new post-financial-crisis low.
This week, we saw big drawdowns in crude-oil inventories in data releases from the American Petroleum Institute and Energy Information Administration.
But crude hadn't been doing much while stock markets were rocking all over the place.
Stocks were shooting higher on Thursday for the second straight day, and now crude oil is joining the party.
Read more: http://www.businessinsider.com/crude-oil-price-august-27-2015-8#ixzz3k2EW6jp4
Now govt. will make a excuse that oil price is going high. The petrol price in Pakistan should be 20-30 Rs. less than the original price in Pakistan... Govt. is taking extra 20-30 Rs per litre.... Awaaaam ko bewakoooooooof benaya huwa haiii.
Oil is ripping.
On Thursday morning, West Texas Intermediate crude oil was the big winner, rising more than 7.5% to as high as $41.50 a barrel.
Earlier this week, WTI tipped below $38 a barrel, a new post-financial-crisis low.
This week, we saw big drawdowns in crude-oil inventories in data releases from the American Petroleum Institute and Energy Information Administration.
But crude hadn't been doing much while stock markets were rocking all over the place.
Stocks were shooting higher on Thursday for the second straight day, and now crude oil is joining the party.

Read more: http://www.businessinsider.com/crude-oil-price-august-27-2015-8#ixzz3k2EW6jp4