Trends - Brent crude oil - Business Recorder

Brent crude oil

European stocks fall at open tracking German deadlock

LONDON: European stock markets fell at the open Tuesday, as traders tracked high oil prices and the political ...

Published 28 Sep, 2021 01:38pm

Markets

Oil prices jump over $2/bbl after drawdown in US stocks

US crude, fuel stockpiles fall in wake of Hurricane Ida -EIA
Vaccines set to unleash pent-up oil demand, IEA says
China's daily oil refinery output hits 15-month low in August

Updated 15 Sep, 2021 08:40pm

Markets

Oil steadies near $71 after two-day rally

Oil edges higher after sharp gains this week
Mexico to resume output at fire-hit platform by Aug. 30
API data shows smaller-than-expected fall in US stocks

Published 25 Aug, 2021 07:08pm

Markets

Oil rises as full US clearance for COVID-19 vaccine stokes fuel demand hopes

Brent crude oil futures gained 21 cents, or 0.3%, to $68.96 a barrel by 0454 GMT, while US West Texas Intermediate (WTI) crude futures increased by 14 cents, or 0.2%, to $65.78 a barrel

Published 24 Aug, 2021 10:18am

Markets

US oil may rise towards $70.15-$70.77 range

The correction from $76.98 may have ended if it only has three waves

Published 12 Aug, 2021 11:07am

Markets

Oil rises as market shrugs off virus impact

Brent crude was up $1.06, or 1.5%, at $70.10 a barrel by 1134 GMT, and US oil rose $1.29 cents, or 1.9%, to $67.77 a barrel

Published 10 Aug, 2021 06:11pm

Markets

US oil may retest support at $65.46

The reversal of the uptrend from $33.64 has been more or less confirmed. A retracement analysis on the trend suggests a target zone from $55.31-$60.42

Published 10 Aug, 2021 11:22am

Markets

Oil recovers after hitting three-week low amid surging COVID-19 cases

But surging cases of COVID-19 are blighting the outlook for economic growth and overall consumption

Published 10 Aug, 2021 10:58am

Markets

Oil rises as US supplies tighten, dollar weakens

NEW YORK: Oil prices rose on Thursday, with global benchmark Brent topping $75 a barrel, as supplies in the United...

Published 30 Jul, 2021 05:10am

Markets

Abu Dhabi hits record high, major Gulf bourses gain

Saudi Arabia's oil exports climb 147% in May
FAB extends gains on strong Q2 earnings

Published 29 Jul, 2021 06:55pm

Markets

Russian rouble steadies as oil prices climb, risk aversion eases

The rouble was 0.1% stronger against the dollar at 74.34 and up 0.1% at 87.51 versus the euro .
Brent crude oil, a global benchmark for Russia's main export, was up 1.5% at $70.38 a barrel.

Updated 21 Jul, 2021 05:20pm

Markets

Saudi index falls in early trade; IHC supports

The benchmark index in Saudi Arabia was down 0.3%, with Al Rajhi Bank and the kingdom's largest lender Saudi National Bank losing 0.9% each

Published 08 Jul, 2021 01:04pm

Markets

Oil rises on optimism about demand outlook

Brent crude was up by 52 cents, or 0.7%, at $73.38 a barrel.
We have had those stock draws for a couple months, the market is heading in the right direction ... my impression it is not a super cycle.

Published 15 Jun, 2021 05:34pm

Markets

Most Gulf markets rise; Egypt bucks trend

DUBAI: Major stock markets in the Gulf ended higher on Thursday, supported by a rebound in oil prices, but the...

Published 11 Jun, 2021 03:41am

Markets

Oil prices climb on signs of strong fuel demand recovery

Stockpile data from the US Energy Information Administration is due on Wednesday at 1430 GMT.

Published 09 Jun, 2021 11:56am

Markets

US oil may rise to $71.28

A projection analysis reveals a higher target zone of $79.68-$84.47.

Published 07 Jun, 2021 11:44am

Markets

US oil may rise into $69.96-$71.28 range

A break below $68.99, now a support, may cause a fall limited to $67.57.

Published 03 Jun, 2021 12:12pm

Markets

US oil may retest resistance at $68.99

A break below $67.57 could open the way towards $66.42.

Published 02 Jun, 2021 12:14pm

Markets

US oil may test resistance at $67.57

On the daily chart, oil has finally broken a resistance zone of $65.65 to $66.60.

Published 28 May, 2021 11:54am

Markets

Brent oil may retest support at $67.33

Wave pattern suggests a downside bias. The resistance at $70.75 triggered a decent correction on March 8. It may cause a shallower one this time.

Published 12 May, 2021 12:27pm

Markets

Brent oil may fall more to $67.14

In either case, oil is expected to retrace further over the next few days. Only a rise above $69.87 could confirm the continuation of the uptrend towards $71.38.

Published 06 May, 2021 11:58am

Markets

Oil loses $2/bbl as rising OPEC+, Iranian output weighs

OPEC+ to ease some output cuts between May and July.
Iran is also increasing output and exports.
Iran, US to hold indirect nuclear talks on Tuesday.

Published 05 Apr, 2021 09:10pm

Markets

Oil falls as Suez opens, focus turns to OPEC+ output

Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate US oil was off by $1.16, or 1.9%, at $60.40 barrel.
"The wobble we have seen in prices means that OPEC+ will likely need to take a cautious approach once again," bank ING said. "We are of the view that the group will likely hold output levels unchanged."

Published 30 Mar, 2021 09:07pm

Markets

Oil drops as demand concerns outweigh Suez Canal disruptions

Suez Canal suspends traffic, efforts to dislodge ship continue.
Prices fall as demand concerns dominate.
Big gains unlikely until OPEC meeting on April 1 – analyst.

Published 25 Mar, 2021 05:19pm

Markets

Oil rises as Suez Canal ship runs aground, demand fears weigh

API says US crude inventories rise 2.9 million barrels.
Germany's Merkel says drops plan for stricter Easter shutdown.
Sentiment still bearish after other pandemic curbs in Europe.
Ship in blocked convoy in Suez Canal on move- source and witness.

Published 24 Mar, 2021 08:20pm

Markets

Oil falls 2pc as inventories rise and vaccine rollout stalls

Brent crude fell $1.47, or 2.16%, to $66.53 a barrel.
US oil was down $1.50, or 2.32%, at $63.10 after shedding 0.3% in the previous session.

Published 18 Mar, 2021 07:33pm

Markets

Brent crude hits $70 as China energy demand outlook brightens

China Jan-Feb refinery output up 15% - data.
China Jan-Feb industrial output beat expectations – data.
Saudi Arabia cuts April crude volumes to some Asian buyers.

Published 15 Mar, 2021 05:25pm

Markets

US oil may test resistance at $65.92

Following its failure to break the resistance zone, oil is likely to succeed in its current attempt.

Published 09 Mar, 2021 10:46am

Markets

Oil slips on fears over higher OPEC supply, slower China demand

OPEC+ meets on Thursday to discuss output.
OPEC output drops in Feb on additional Saudi cut –survey.
China's weak factory activity raises fears over slow oil demand.

Published 02 Mar, 2021 06:05pm

Markets

Oil prices climb as deep freeze shuts US oil wells, curbs refineries

The Saudi-led coalition fighting the Houthis in Yemen said early on Monday morning it had intercepted and destroyed an explosive-laden drone fired by the Houthis toward the kingdom.

Published 16 Feb, 2021 12:10pm

Gainers
Losers
Leaders

Stock	Price
Buxly / Oct 26 Buxly Paints Limited(BUXL)	133.00 ▲ 8.98 (7.24%)
Kohinoor Sp. / Oct 26 Kohinoor Spinning Mills Limited(KOSM)	4.42 ▲ 0.21 (4.99%)
At-Tahur Ltd. / Oct 26 At-Tahur Limited(PREMA)	25.90 ▲ 0.92 (3.68%)
Fauji Cement / Oct 26 Fauji Cement Company Limited(FCCL)	19.10 ▲ 0.66 (3.58%)
Kot Addu / Oct 26 Kot Addu Power Company Limited(KAPCO)	27.25 ▲ 0.62 (2.33%)
Hum Network / Oct 26 Hum Network Limited(HUMNL)	6.78 ▲ 0.11 (1.65%)
Pak Elektron / Oct 26 Pak Elektron Limited(PAEL)	26.49 ▲ 0.37 (1.42%)
Service Fab. / Oct 26 Service Fabrics Limited(SERF)	10.82 ▲ 0.15 (1.41%)
Searle Co. / Oct 26 The Searle Company Limited(SEARL)	232.00 ▲ 3.03 (1.32%)
Byco Petroleum / Oct 26 Byco Petroleum Pakistan Limited(BYCO)	7.29 ▲ 0.07 (0.97%)

Stock	Price
Azgard Nine. N.V. (R) / Oct 26 Azgard Nine (Non-Voting).(R) (ANLNVR)	0.00 ▼ 0.00 (%)
Azgard Nine(R) / Oct 26 Azgard Nine Limited. (R)(ANLR)	0.00 ▼ 0.00 (%)
Al-Shaheer Corp.(R) / Oct 26 Al-Shaheer Corporation Limited.(R)(ASCR)	0.00 ▼ 0.00 (%)
Escorts Inv.Bank (R) / Oct 26 Escorts Investment Bank Limited (R)(ESBLR)	0.00 ▼ 0.00 (%)
Fauji Fert. Bin (R) / Oct 26 Fauji Fertilizer Bin Qasim Limited (R)(FFBLR)	0.00 ▼ 0.00 (%)
Ghani Glass (R) / Oct 26 Ghani Glass Limited (R)(GHGLR2)	0.00 ▼ 0.00 (%)
Hascol Petroleum (R) / Oct 26 Hascol Petroleum Limited (R)(HASCOLR1)	0.00 ▼ 0.00 (%)
IGI Life Ins. (R) / Oct 26 IGI Life Insurance Limited (R)(IGILR)	0.00 ▼ 0.00 (%)
Sazgar Engineering (R) / Oct 26 Sazgar Engineering Works Ltd. (R) (SAZEWR)	0.00 ▼ 0.00 (%)
786 Investments / Oct 26 786 Investments Limited(786)	0.00 ▲ -7.00 (-100.00%)

Stock	Volume
Hum Network / Oct 26 Hum Network Limited(HUMNL)	11,500 ▼ 0.00
Byco Petroleum / Oct 26 Byco Petroleum Pakistan Limited(BYCO)	6,000 ▼ 0.00
K-Electric Ltd / Oct 26 K-Electric Limited(KEL)	3,000 ▼ 0.00
Buxly / Oct 26 Buxly Paints Limited(BUXL)	2,500 ▼ 0.00
Searle Co. / Oct 26 The Searle Company Limited(SEARL)	2,000 ▼ 0.00
Bank of Punjab / Oct 26 The Bank of Punjab(BOP)	1,500 ▼ 0.00
Amreli Steels / Oct 26 Amreli Steels Limited(ASTL)	1,000 ▼ 0.00
Avanceon Ltd / Oct 26 Avanceon Limited(AVN)	1,000 ▼ 0.00
Engro Fertilizers / Oct 26 Engro Fertilizers Limited(EFERT)	1,000 ▼ 0.00
Jahangir Sid. Co. / Oct 26 Jahangir Siddiqui & Co. Ltd.(JSCL)	1,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 23	174.10
USD PKR Interbank Buying / Oct 23	174.00
USD to Japanese Yen / Oct 23	113.50
USD to Swiss Franc / Oct 23	0.92
Pound Sterling to USD / Oct 23	1.38
Euro to USD / Oct 23	1.16
UK LIBOR % / Oct 23	0.07

Stock	Volume
S&P 500 / Oct 23	4544.90
India Sensex / Oct 23	60821.62
Tokyo Nikkei / Oct 23	28804.85
Nasdaq / Oct 23	15090.20
Hang Seng / Oct 23	26126.93
FTSE 100 / Oct 23	7204.55
Dow Jones / Oct 23	35677.02
Germany DAX 30 / Oct 23	15542.98
France CAC40 / Oct 23	6733.69

Item	Value
Crude Oil / Oct 23	83.76
Karachi Cotton Assoc. / Oct 23	14880.00
Gold 10 Grams / Oct 23	99450.00
Gold Spot / Oct 23	1792.65
Cotton / Oct 23	108.26

Brent crude oil

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