2 min read
Crude Oil Prices Drop Globally, Fuel Prices in Nepal Likely to Decrease
Crude Oil Prices Drop Globally, Fuel Prices in Nepal Likely to Decrease A significant decline in global crude oil prices has raised hopes of cheaper fuel in Nepal. According to recent data, the price of WTI crude oil has fallen to $56.96 per barrel, while Brent crude is trading at $60.29 per barrel and Murban crude at $61.56 per barrel. This marks a notable drop from the $60 per barrel range observed just days ago. Analysts attribute this decline to the recent trade policies introduced by U.S. President Donald Trump, particularly the imposition of new tariffs. These measures have reportedly sparked tensions in global trade, reducing demand for crude oil and pushing prices downward. Additionally, the United States’ preparations to release its oil reserves into the global market are expected to increase supply, potentially driving prices even lower.
Nepse Trading
·9 Apr, 2025
