Trends - Brent crude oil - Business Recorder

Brent crude oil

Oil little changed ahead of US Fed rate decision

NEW YORK: Oil prices were little changed on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision,...

Updated 20 Sep, 2023 09:01pm

Markets

WTI price surge shuts arbitrage oil flows from US to Europe, Asia

SINGAPORE: A sudden surge in U.S. West Texas Intermediate crude prices that pulled Brent higher has shut off...

Published 19 Sep, 2023 04:29pm

Markets

Oil set for another weekly gain on tight supply and China optimism

LONDON: Oil was on track for a third weekly gain as supply tightness spearheaded by Saudi Arabian production cuts...

Updated 15 Sep, 2023 07:16pm

Markets

Oil hits 2023 highs on tight supply outlook

LONDON: Oil rebounded on Thursday, with Brent crude topping $93 a barrel for the first time this year, as...

Updated 14 Sep, 2023 05:24pm

Markets

Saudi, Russian oil cuts to cause big supply shortfall: IEA

PARIS: Oil cuts by Saudi Arabia and Russia will cause a “significant” global supply shortfall through the end of...

Published 14 Sep, 2023 06:07am

Markets

OPEC+ cuts, firm demand in Asia to lift Brent above $100/bbl by year-end: BofA

OPEC+ maintaining current supply cuts through year-end coupled with a positive demand backdrop in Asia could push...

Published 13 Sep, 2023 05:05pm

Markets

Oil prices spike on tight supplies and upbeat OPEC

LONDON: Oil prices jumped by about 1% on Tuesday, boosted by a tighter supply outlook and OPEC optimism over the...

Updated 12 Sep, 2023 08:22pm

BR Research

Brent surge continues

All eyes are set on two crucial monthly reports due later this week – by the US Energy Information Administration...

Published 12 Sep, 2023 09:04am

Markets

Oil prices steady around 10-month highs

NEW YORK: The benchmark oil price was little changed on Monday, holding above the $90 a barrel reached last week for...

Published 12 Sep, 2023 06:22am

Markets

Oil prices ease from 10-month highs but hold above $90 a barrel

LONDON: Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had driven prices to...

Updated 11 Sep, 2023 04:31pm

Markets

Oil ticks higher as tight supply trumps macroeconomic gloom

LONDON: Oil prices hovered above $90 a barrel on Friday, on track to end the week higher as investors chose to focus...

Updated 08 Sep, 2023 05:26pm

Markets

Oil falls as concerns about China outweigh extended cuts

LONDON: Oil prices eased on Thursday as an uncertain economic outlook for China outweighed expectations of tighter...

Updated 07 Sep, 2023 07:36pm

Markets

China’s August crude oil imports jump 30.9% from a year ago

BEIJING: China’s crude oil imports in August surged by 30.9% from a year earlier, customs data showed on Thursday,...

Published 07 Sep, 2023 09:30am

Markets

Oil falls below $90 as markets shuffle back from supply jitters

NEW YORK: Oil prices fell below $90 a barrel on Wednesday, after rising over 1 percent the previous session, on a...

Published 07 Sep, 2023 06:21am

Markets

Oil jumps as Saudi Arabia and Russia extend supply cuts to end-2023

LONDON: Oil prices jumped about 2% on Tuesday after Saudi Arabia and Russia announced a fresh extension to their...

Updated 05 Sep, 2023 07:05pm

Markets

Oil edges up on prospect of extended OPEC+ supply cuts

NEW YORK: Oil prices edged higher on Monday on expectations that OPEC+ would keep supplies tight and speculation...

Updated 04 Sep, 2023 09:09pm

Markets

Oil rises to highest in over 7 months on supply worries

NEW YORK: Oil prices rose on Friday to their highest in over half a year and were on track to snap a two-week losing...

Updated 01 Sep, 2023 09:27pm

Markets

Oil prices rise on supply picture, weak Chinese data weighs

LONDON: Oil prices rose on Thursday, boosted by a large drawdown in U.S. crude inventories and production cuts by...

Updated 31 Aug, 2023 06:23pm

Markets

Oil steadies as supply concerns counter macroeconomic jitters

LONDON: Oil prices were little changed on Tuesday as investors weighed supply concerns from a hurricane hurtling...

Updated 29 Aug, 2023 08:39pm

Markets

Brent prices to be well supported near $80/bbl, says Morgan Stanley

Morgan Stanley expects Brent crude prices to be well supported around $80 per barrel as the oil market is likely to...

Published 25 Aug, 2023 04:24pm

Markets

Oil slips, US Fed chief’s speech in spotlight

LONDON: Oil prices slipped on Thursday on disappointing economic data from key economies, with investors awaiting a...

Updated 24 Aug, 2023 07:17pm

Markets

Oil rises as China seeks to soothe economic woes; strong travel demand

HOUSTON: Oil prices rose more than 1% on Thursday, after falling for three straight days, as U.S. gasoline stocks...

Updated 17 Aug, 2023 09:21pm

Markets

Oil drops over 1% on worries about Chinese economy

NEW YORK: Oil prices fell over 1% on Tuesday on sluggish Chinese economic data coupled with fears that Beijing’s...

Updated 15 Aug, 2023 08:33pm

Markets

Oil dips further as China worries counter supply cuts

HOUSTON: Oil prices dipped on Monday as concerns about China’s faltering economic recovery and a stronger dollar...

Published 15 Aug, 2023 06:30am

Markets

Oil slips as China worries, stronger dollar weigh

LONDON: Oil prices slipped about 1% on Monday as concerns about China’s faltering economic recovery and a stronger...

Updated 14 Aug, 2023 06:15pm

Markets

Oil prices firm on upbeat demand growth forecasts

LONDON: Oil prices gained ground on Friday amid optimistic demand forecasts from the OPEC producer group and the...

Updated 11 Aug, 2023 08:14pm

Oil benchmark Brent’s price structure reflects tighter market

LONDON: The structure of the global benchmark Brent crude futures market is at its most bullish since April,...

Updated 11 Aug, 2023 08:42am

Markets

Oil benchmark Brent’s price structure reflects tighter market

LONDON: The structure of the global benchmark Brent crude futures market is at its most bullish since April,...

Published 10 Aug, 2023 07:22pm

Markets

Oil hits new highs as tighter supply offsets China demand concern

LONDON: Oil hit new peaks on Wednesday with Brent crude touching the highest since April as tighter supply owing to...

Updated 09 Aug, 2023 04:40pm

Markets

China’s July crude imports up 17.0% year-on-year

BEIJING: China’s crude oil imports in July rose 17.0% year-on-year, customs data showed on Tuesday, as domestic...

Published 08 Aug, 2023 10:30am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Sep 28 Chakwal Spinning Mills Limited(CWSM)	1.42 ▲ 0.24 (20.34%)
Dandot Cement / Sep 28 Dandot Cement Company Limited(DNCC)	10.29 ▲ 0.99 (10.65%)
Abdullah Shah / Sep 28 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.49 ▲ 0.45 (8.93%)
Universal Ins. / Sep 28 The Universal Insurance Company Limited(UVIC)	3.80 ▲ 0.29 (8.26%)
Shakarganj / Sep 28 Shakarganj Limited(SML)	37.42 ▲ 2.61 (7.50%)
Int. Knit. / Sep 28 International Knitwear Limited(INKL)	14.47 ▲ 0.97 (7.19%)
JDW Sugar / Sep 28 JDW Sugar Mills Limited(JDWS)	374 ▲ 24.00 (6.86%)
First Tri-Star Mod. / Sep 28 First Tri-Star Modaraba(FTSM)	16 ▲ 1.00 (6.67%)
PICIC Ins.Ltd. / Sep 28 PICIC Insurance Limited(PIL)	0.86 ▲ 0.05 (6.17%)
Kohat Textile / Sep 28 Kohat Textile Mills Limited(KOHTM)	13 ▲ 0.75 (6.12%)

Stock	Price
F.Treet Manuf / Sep 28 First Treet Manufacturing Modaraba(FTMM)	3.20 ▼ -0.69 (-17.74%)
SME Leasing Ltd / Sep 28 SME Leasing Limited(SLL)	2 ▼ -0.40 (-16.67%)
Pak Oilfields / Sep 28 Pakistan Oilfields Limited(POL)	390.90 ▼ -48.59 (-11.06%)
Shadab Textile / Sep 28 Shadab Textile Mills Limited(SHDT)	10.72 ▼ -1.00 (-8.53%)
Zahid Jee Textile / Sep 28 Zahidjee Textile Mills Limited(ZAHID)	24.80 ▼ -2.00 (-7.46%)
Masood Textile / Sep 28 Masood Textile Mills Limited(MSOT)	41.65 ▼ -3.21 (-7.16%)
786 Invest Ltd / Sep 28 786 Investments Limited(786)	5.02 ▼ -0.38 (-7.04%)
Arif Habib Corp / Sep 28 Arif Habib Corporation Limited(AHCL)	24.40 ▼ -1.60 (-6.15%)
Ismail Ind. / Sep 28 Ismail Industries Limited(ISIL)	650 ▼ -40.69 (-5.89%)
Pak Paper Prod / Sep 28 Pakistan Paper Products Limited(PPP)	49.50 ▼ -2.57 (-4.94%)

Stock	Volume
Maple Leaf Cement / Sep 28 Maple Leaf Cement Factory Limited(MLCF)	11,085,943 ▼ -0.14
Pak Petroleum / Sep 28 Pakistan Petroleum Limited(PPL)	9,115,995 ▲ 0.06
Agritech Limited / Sep 28 Agritech Limited(AGL)	7,352,000 ▲ 0.31
WorldCall Telecom / Sep 28 Worldcall Telecom Limited(WTL)	7,096,855 ▲ 0.01
P.I.A.C.(A) / Sep 28 Pakistan International Airlines Corp(PIAA)	6,933,000 ▲ 0.15
Oil & Gas Dev. / Sep 28 Oil & Gas Development Company Limited(OGDC)	6,830,288 ▼ -0.56
Dewan Motors / Sep 28 Dewan Farooque Motors Limited(DFML)	6,537,980 ▲ 0.03
Bankislami Pak. / Sep 28 BankIslami Pakistan Limited(BIPL)	6,477,203 ▼ -0.06
B.O.Punjab / Sep 28 The Bank of Punjab(BOP)	6,308,530 ▼ -0.02
Fauji Foods Ltd / Sep 28 Fauji Foods Limited(FFL)	5,427,162 ▲ 0.18

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 28	288.03
USD PKR Interbank Buying / Sep 28	287.73
USD to Japanese Yen / Sep 28	149.36
USD to Swiss Franc / Sep 28	0.92
Pound Sterling to USD / Sep 28	1.21
Euro to USD / Sep 28	1.05
UK LIBOR % / Sep 27	5.43

Stock	Volume
S&P 500 / Sep 27	4274.51
Nasdaq / Sep 27	13092.85
FTSE 100 / Sep 27	7593.22
Dow Jones / Sep 27	33550.27
Germany DAX 30 / Sep 27	15217.45
France CAC40 / Sep 27	7071.79
India Sensex / Sep 28	66115.09
Tokyo Nikkei / Sep 28	31744.50
Hang Seng / Sep 28	17429.46

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 27	17935
Gold 10 Grams PKR / Sep 27	174950
Crude Oil USD/Barrel / Sep 28	94.58
Gold Spot USD/Ounce / Sep 28	1874.97
Cotton US¢/pound / Sep 28	88.65

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Brent crude oil

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