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Brent remains above $77 despite crude prices inch down

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Islamabad

Crude oil prices went slightly down on Friday after making gains for three days in a row.
At 1335 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $0.10 (-0.13 percent) to reach $77.15 a barrel. Simi-larly, the US West Texas Intermediate (WTI) reached $73.08 a barrel, down by $0.22 (-0.13 per-cent).

The price for Opec Basket was recorded at $74.46 a barrel with 1.06 percent increase, Arab Light was available at $76.29 a barrel with a 2.49 percent in-crease, while the price of Russian Sokol jumped to $76.68 after gaining 2.65 percent.

According to experts, WTI crude futures are more than 1% higher around $73 a barrel this week, hav-ing touched a near 8-week high of $73.3 on Thursday. —TLTP

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