30 amid growing concerns about U.S.-China trade tensions and a string of bullish news, with the price of West Texas Intermediate (WTI) for October delivery up 1.72 percent and Brent crude
oil for October delivery up 1.84 percent.
fell $ 2.08, or 3.36 percent, to settle at $ 59.81 a barrel.
futures rose 23 cents to $64.06 a barrel at 5pm BST, while West Texas Intermediate futures fell seven cents to $56.70 a barrel.
LCOc1 futures settled at $66.72 a barrel, climbing 20 cents.
Qatar is already supplying 500 mmcfd of LNG to Pakistan at 13.37% of Brent crude
price, the contract for which was signed by the previous PML-N government.
Oil prices rose on Tuesday, with Brent crude
futures recording $70.16 per barrel, up $0.05, supported by tighter global supplies that have helped to offset persistent worries that demand will be hurt by the continuing United States-Chinese trade conflict.
futures were at $68.65 per barrel at 0534 GMT, up 89 cents, or 1.3%, from their last close, with prices underpinned by OPEC supply cuts and Middle East tensions.
When President Donald Trump began tweeting about OPEC in March 2018, Brent crude
was priced between $75 to $85 per barrel.
Bu Kheder revealed that the price of future contracts of the Brent crude
reached USD 61.38 per barrel since the political disturbance began in Venezuela.
Summary: Brent crude
and West Texas Intermediate have been on a recovery path since start of year
According to the Economic Forecast Agency (EFA), which specializes on long-range financial market forecasts for corporate clients, prices of the international benchmark Brent crude
would continue to fall month after month in the first quarter of 2019.
Datuk Seri Najib Razak warned the Pakatan Harapan government against formulating Budget 2019 on the assumption that Brent crude
will remain at US$70 (RM291) per barrel.