Crude oil prices hit a record high of 128 128 a barrel since 2008 and 1980.
Lahore (Urdu Point News Latest. March 07, 2022) The price of crude oil at the highest level after 2008 and 1980, the price of crude oil became Rs 128 per barrel. ۔ International crude oil prices hit record highs, reaching 128 128 a barrel in the world market.
The price of crude oil has reached the highest level in history since 2008 and 1980. At the time of trading, TI oil is at the level of 12 124. Gold prices are also on the rise, reaching ڈالر 2,000 an ounce. However, uncertainty over the war has again plunged the global oil market into crisis.
Experts say US sanctions on Russia have also left investors in the global oil market in a state of uncertainty. The United States has not imposed sanctions on Russia's oil products, but investors are refraining from buying Russian oil products. Buyers are forced to refrain from buying Russian oil because of concerns about payments to Russia. Russia is the world's second-largest oil producer, selling crude oil primarily to European refineries. Russia is also Europe's largest supplier of natural gas, accounting for about 35% of its supply.
[Source](https://www.urdupoint.com/daily/livenews/2022-03-07/news-3065738.html)
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