Trends - Brent crude oil - Business Recorder

Brent crude oil

Brent oil may bounce further into $75.89-$76.43 range

Brent oil may bounce further into $75.89-$76.43 per barrel, due to the completion of a five-wave cycle. The cycle...

Published 22 Mar, 2023 10:13am

Markets

Oil up 1% despite crude build, as dollar weakens ahead of Fed rate move

NEW YORK: Oil prices rose about 1% to a one-week high on Wednesday despite a surprise weekly build in U.S. crude...

Updated 22 Mar, 2023 09:09pm

Markets

Oil rises for second day as banking fears ease for now

HOUSTON: Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit...

Updated 21 Mar, 2023 08:53pm

Markets

Brent oil may retest support at $71.29

Brent oil may retest a support at $71.29 per barrel, a break below which could open the way toward $68.99-$70.41...

Published 20 Mar, 2023 10:32am

Markets

Brent oil may test support at $73.59

Brent oil may test a support at $73.59 per barrel, a break below which could be followed by a drop to the Wednesday...

Published 17 Mar, 2023 10:40am

Markets

Oil rises on demand hopes as banking fears ease

LONDON: Oil prices firmed on Friday as a meeting between Saudi Arabia and Russia calmed markets and after support...

Updated 17 Mar, 2023 05:02pm

Markets

Brent oil may revisit Wednesday low of $71.67

Brent oil may revisit its Wednesday low of $71.67, driven by a powerful wave c. This wave has briefly extended below...

Published 16 Mar, 2023 10:52am

Markets

Oil regains some ground after Credit Suisse lifeline

LONDON: Oil prices clawed back some ground on Thursday, recovering from the previous session’s 15-month lows, as...

Updated 16 Mar, 2023 05:31pm

Markets

Brent oil may test resistance $78.73

Brent oil may test a resistance at $78.73, a break above which could open the way towards $79.61-$80.32 range. The...

Published 15 Mar, 2023 11:08am

Markets

Oil hits lowest in more than a year as banking fears mount

LONDON: Oil extended its slide on Wednesday, falling 4% and hitting its lowest in more than a year as unease over...

Updated 15 Mar, 2023 09:52pm

Markets

Russian sanctions shift oil price-making power to Asia from Europe

LONDON: Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a...

Published 14 Mar, 2023 12:00pm

Markets

Brent oil may retest support at $78.73

Brent oil may retest a support at $78.73, a break below could open the way towards $77.31. The sharp bounce...

Published 14 Mar, 2023 11:29am

Markets

Brent oil may test resistance at $83.74

Brent oil may test a resistance at $83.74, a break above could lead to a gain to $84.45. The strong bounce on March...

Published 13 Mar, 2023 10:46am

Markets

Crude oil prices slide $4 as banking fears rattle markets

LONDON: Oil prices fell $4 on Monday along with equities as the collapse of Silicon Valley Bank raised fears of a...

Updated 13 Mar, 2023 06:10pm

Markets

Aramco’s Nasser says oil market tightly balanced

DUBAI: Aramco’s chief executive Amin Nasser said on Sunday the market would remain tightly balanced in the short to...

Published 12 Mar, 2023 07:09pm

Markets

Oil prices set for 5% weekly drop on US rate hike jitters

LONDON: Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about...

Updated 10 Mar, 2023 06:44pm

Markets

Brent oil may bounce to $83.58

Brent oil may bounce to $83.58 per barrel, as its drop slowed on Wednesday. The fall from $86.75 has been linear,...

Published 09 Mar, 2023 01:00pm

Markets

Oil steadies as French strike and weaker dollar balance recession fears

LONDON: Oil steadied on Thursday after a two-day decline as strike-disrupted fuel supply in France, a drop in U.S....

Updated 09 Mar, 2023 07:51pm

Markets

Oil extends losses as rate hike concerns spur sell-off

LONDON: Oil prices fell sharply on Wednesday, extending Tuesday’s losses, driven by fears that more aggressive U.S....

Updated 08 Mar, 2023 08:06pm

Markets

Brent oil may extend gains into $87.05-$87.49 range

Brent oil may extend gains into a range of $87.05-$87.49 per barrel, as it has broken a resistance at $85.91. The...

Published 07 Mar, 2023 10:35am

Markets

Oil edges lower on stronger dollar and weak Chinese data

LONDON: Oil prices edged lower on Tuesday as a stronger U.S. dollar and weak oil data from top crude importer China...

Updated 07 Mar, 2023 06:10pm

Markets

Brent oil may fall into $84.06 to $84.77 range

Brent oil may fall into a range of $84.06 to $84.77 per barrel, following the weird surge from the March 3 low of...

Published 06 Mar, 2023 10:36am

Markets

Oil down on China outlook, spotlight on possible rate hikes

LONDON: Oil prices fell on Monday after China set a lower-than-expected target for economic growth this year at...

Updated 06 Mar, 2023 07:26pm

Markets

Oil prices slump after report on UAE debating OPEC exit

LONDON: Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an...

Updated 03 Mar, 2023 07:54pm

Markets

Oil rises on Chinese demand but European rate hike fears weigh

NEW YORK: Oil rose on Thursday on signs of a strong economic rebound in top crude importer China, but fears over the...

Updated 03 Mar, 2023 07:33am

Markets

Oil pares gains on European rate hike fears

LONDON: Oil prices pared early gains on Thursday as signs of a strong economic rebound in top crude importer China...

Updated 02 Mar, 2023 08:13pm

Markets

Oil rebounds about 2pc on China growth hopes

NEW YORK: Oil prices rose about 2% on Tuesday, erasing the previous session’s losses, as hopes for a strong...

Published 01 Mar, 2023 07:19am

Markets

Brent oil may revisit Feb. 24 low of $81.07

Brent oil may revisit its Feb. 24 low of $81.07 per barrel, as a bounce from the previous day has ended. The bounce...

Published 28 Feb, 2023 10:30am

Markets

Oil steadies on China growth hopes

Oil prices were steady in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up...

Published 28 Feb, 2023 10:12am

Markets

Oil slips 1pc on worries about more US interest rate hikes

NEW YORK: Oil prices slid about 1% on Monday as strong US economic data had investors bracing for more interest rate...

Published 28 Feb, 2023 07:13am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 25 The Pakistan General Insurance Co. Ltd.(PKGI)	4.25 ▲ 0.39 (10.10%)
KASB Modaraba / Mar 25 KASB Modaraba(KASBM)	1.25 ▲ 0.11 (9.65%)
Khyber Tex. / Mar 25 Khyber Textile Mills Limited(KHYT)	297.60 ▲ 20.76 (7.50%)
Shield Corp. / Mar 25 Shield Corporation Limited(SCL)	244.99 ▲ 17.09 (7.50%)
Sapphire Fibres / Mar 25 Sapphire Fibres Limited(SFL)	1026.39 ▲ 71.60 (7.50%)
Tandlianwala Sugar / Mar 25 Tandlianwala Sugar Mills Limited(TSML)	83.72 ▲ 5.84 (7.50%)
Khairpur / Mar 25 Khairpur Sugar Mills Limited(KPUS)	57.38 ▲ 4.00 (7.49%)
Pakistan Services / Mar 25 Pakistan Services Limited(PSEL)	1277 ▲ 89.00 (7.49%)
Shahtaj Textile / Mar 25 Shahtaj Textile Limited(STJT)	84.22 ▲ 5.87 (7.49%)
Shakarganj / Mar 25 Shakarganj Limited(SML)	33.50 ▲ 2.33 (7.48%)

Stock	Price
Dewan Sugar / Mar 25 Dewan Sugar Mills Limited(DWSM)	2.22 ▼ -0.29 (-11.55%)
Pak Agro Pack. (GEM) / Mar 25 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.88 ▼ -1.00 (-11.26%)
HBL Invest Fund / Mar 25 HBL Investment Fund(HIFA)	1.55 ▼ -0.15 (-8.82%)
Kohat Textile / Mar 25 Kohat Textile Mills Limited(KOHTM)	10.55 ▼ -1.00 (-8.66%)
Colony Tex.Mills Ltd / Mar 25 Colony Textile Mills Limited(CTM)	2.41 ▼ -0.21 (-8.02%)
D.S. Ind. Ltd. / Mar 25 D.S. Industries Limited(DSIL)	2.22 ▼ -0.18 (-7.50%)
Gadoon Textile / Mar 25 Gadoon Textile Mills Limited(GADT)	193.33 ▼ -15.67 (-7.50%)
Philip Morris Pak. / Mar 25 Philip Morris (Pakistan) Limited(PMPK)	471.75 ▼ -38.25 (-7.50%)
Quetta Textile / Mar 25 Quetta Textile Mills Limited(QUET)	15.67 ▼ -1.27 (-7.50%)
Masood Textile / Mar 25 Masood Textile Mills Limited(MSOT)	41.42 ▼ -3.33 (-7.44%)

Stock	Volume
Fauji Cement / Mar 25 Fauji Cement Company Limited(FCCL)	17,487,500 ▼ -0.23
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	11,071,860 ▼ -0.02
Thatta Cement / Mar 25 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.16
Fauji Foods Ltd / Mar 25 Fauji Foods Limited(FFL)	7,792,084 ▼ -0.14
Ghani Glo Hol / Mar 25 Ghani Global Holdings Limited(GGL)	5,968,150 ▼ -0.59
Telecard Limited / Mar 25 Telecard Limited(TELE)	5,558,000 ▼ -0.52
Hascol Petrol / Mar 25 Hascol Petroleum Limited(HASCOL)	4,387,500 ▼ -0.11
Meezan Bank / Mar 25 Meezan Bank Limited(MEBL)	3,700,308 ▼ -0.27
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	3,587,106 ▼ -0.06
Maple Leaf Cement / Mar 25 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▼ -0.31

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.13
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.23
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 23	3948.72
Nasdaq / Mar 23	11787.40
Dow Jones / Mar 23	32105.25
India Sensex / Mar 24	57895.48
Tokyo Nikkei / Mar 24	27326.43
Hang Seng / Mar 24	19970.42
FTSE 100 / Mar 24	7408.41
Germany DAX 30 / Mar 24	15034.97
France CAC40 / Mar 24	7056.60

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.79
Gold Spot USD/Ounce / Mar 24	1989.92
Cotton US¢/pound / Mar 24	77.60

Brent crude oil

Most Popular Articles