Pakistan seeks IMF help as crude oil prices spike near USD 120 a barrel, check full details here
Mumbai: Pakistan's Finance Minister Mohammad Aurangzeb has warned that escalating tensions in West Asia could increase the countryโs monthly oil import bill by USD 600 million. The statement comes as the global oil market reacts sharply to the ongoing crisis, and crude oil prices crossed the USD 100 mark on Monday. International benchmark Brent crude touched USD 119.50 per barrel on Monday, while the US crude oil benchmark West Texas Intermediate (WTI) rose nearly 30.04 per cent to USD 118.21 from Friday's close of USD 90.90. The sharp surge in prices of crude oil reflects growing fears of potential disruptions…