Trends - Brent crude oil - Business Recorder

Brent crude oil

Oil slumps with interest rate hikes and inventories in focus

LONDON: Oil futures fell on Thursday, with trader concern over the impact of a bigger-than-expected Bank of England...

Updated 22 Jun, 2023 06:51pm

Markets

Oil rallies 1% after hawkish remarks from Fed’s Powell

BENGALURU: Oil prices gained a dollar a barrel on Wednesday after some analysts predicted a drawdown in U.S....

Updated 21 Jun, 2023 09:58pm

Markets

Oil rises as Chinese economic indicators offer mixed picture

LONDON: Oil prices rose on Tuesday after China cut benchmark lending rates in a potential boost to growth but oil...

Updated 20 Jun, 2023 05:04pm

Markets

Brent oil may retrace into $74.86-$75.33 range

Brent oil may retrace into a range of $74.86 to $75.33 per barrel, as it failed to break a resistance at $76.82. The...

Published 19 Jun, 2023 09:39am

Markets

Oil falls amid China growth uncertainties

LONDON: Oil prices eased on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh...

Updated 19 Jun, 2023 06:52pm

Markets

Oil heads for weekly gain as supply cuts balance demand concerns

NEW YORK: Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply...

Updated 16 Jun, 2023 08:28pm

Markets

Oil futures up 3pc on strong China refinery data

HOUSTON: Oil prices gained about 3 % to a one-week high on Thursday as the US dollar weakened and data showed a jump...

Published 16 Jun, 2023 06:27am

Markets

Brent oil may revisit June 8 low $73.58

Brent oil may revisit its June 8 low of $73.58 per barrel, as the downtrend from $78.73 may have resumed. The bounce...

Published 12 Jun, 2023 10:15am

Markets

Oil posts second weekly decline as demand concerns overshadow Saudi cut

BENGALURU: Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as...

Published 12 Jun, 2023 06:26am

Markets

Brent oil may retrace into $74.33-$74.80 range

Brent oil may retrace into a range of $74.33 to $74.80 per barrel, as it has broken a support at $75.55. The current...

Published 09 Jun, 2023 10:07am

Markets

Brent oil may retest resistance at $77.52

Brent oil may retest a resistance at $77.52 per barrel, a break above which could lead to a gain to $78.39. The rise...

Published 08 Jun, 2023 10:44am

Markets

Oil rises as Saudi cut supports and focus turns to Fed

LONDON: Oil rose on Thursday as tighter supply resulting from Saudi Arabia’s pledged production cut and a potential...

Updated 08 Jun, 2023 06:03pm

Markets

Oil prices higher as Saudi output cuts overshadow weak signals

HOUSTON: Oil prices climbed over 1% on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts...

Published 08 Jun, 2023 06:30am

Markets

US oil may rise into $73.16-$73.89 range

SINGAPORE: US oil may rise into a range of $73.16 to $73.89 per barrel, as it has found a strong support at $70.10....

Published 07 Jun, 2023 09:55am

Markets

Brent oil may rise to $77.52

Brent oil may break a resistance at $76.45 per barrel, and rise to $77.52. The bounce from the Tuesday low of $74.72...

Published 07 Jun, 2023 09:53am

Markets

Oil prices edge higher as Saudi cut outweighs bearish backdrop

LONDON: Oil prices edged higher on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts...

Updated 07 Jun, 2023 08:08pm

Markets

Saudi output cut unlikely to lift oil prices to high $80s-low $90s, Citi says

Top crude exporter Saudi Arabia’s one million barrel per day (bpd) oil output cut is unlikely to underpin a...

Published 06 Jun, 2023 01:41pm

Markets

US oil may test support $71.05

SINGAPORE: US oil may test a support of $71.05 per barrel, a break below which could open the way towards...

Published 06 Jun, 2023 09:44am

Markets

Brent oil may slide into $75.41-$75.79 range

Brent oil may slide into a range of $75.41-$75.79 per barrel, as a top has formed around a resistance at $78.63. The...

Published 06 Jun, 2023 09:39am

Markets

Oil falls as economic fears overshadow Saudi output cut

LONDON: Oil prices tumbled by more than $1 a barrel on Tuesday, retreating from a strong rally in the previous...

Updated 06 Jun, 2023 07:06pm

Markets

Asia Naphtha, Gasoline margin plunges to November lows, crude rises

NEW DELHI: Asia’s naphtha refining profit margin tanked to the lowest since Nov. 11 on Monday after crude oil...

Published 06 Jun, 2023 05:33am

Business & Finance

Investors ignore OPEC+ to focus on consumption outlook: Kemp

LONDON: Portfolio investors had become increasingly bearish about the outlook for oil prices in the run up to the...

Published 06 Jun, 2023 05:33am

Markets

Saudi Arabia raises July crude price for Asia to 6-month high

SINGAPORE: Saudi Arabia, the world’s top oil exporter, raised the prices of its flagship crude Arab Light to Asian...

Published 05 Jun, 2023 09:26pm

Markets

Brent oil may retest resistance $78.63

Brent oil may retest a resistance at $78.63 per barrel, a break above which could lead to a gain to $79.39. A...

Published 05 Jun, 2023 09:27am

Markets

Oil rises 1% on Saudi plan to deepen output cuts from July

NEW YORK: Oil prices rose by more than 1% a barrel on Monday after top crude exporter Saudi Arabia pledged to cut...

Updated 05 Jun, 2023 08:30pm

Markets

Oil prices rise after US debt deal, all eyes on OPEC meeting

LONDON: Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world’s biggest oil...

Updated 02 Jun, 2023 05:50pm

Markets

OPEC+ unlikely to deepen oil supply cuts at June 4 meeting, sources say

LONDON/DUBAI: OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite...

Published 01 Jun, 2023 07:40pm

Markets

Oil steadies as U.S debt bill progress balanced by higher inventories

LONDON: Oil steadied on Thursday as a potential pause in US interest rate hikes and the passing of a crucial vote on...

Updated 01 Jun, 2023 03:17pm

Markets

Brent oil may fall into $71.99-$72.83 range

Brent oil may break a support of $73.35 per barrel and fall into a range of $71.99-$72.83. The contract is riding on...

Published 31 May, 2023 10:13am

Markets

Oil falls on weak China data, stronger US dollar

LONDON: Oil prices fell on Wednesday on a stronger US dollar and as weak data from top oil importer China raised...

Updated 31 May, 2023 07:44pm

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%)
Pak. P.V.C. / Sep 28 Pakistan PVC Limited(PPVC)	5.30 ▲ 0.28 (5.58%)

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)	389.55 ▼ -49.94 (-11.36%)
Shadab Textile / Sep 28 Shadab Textile Mills Limited(SHDT)	10.72 ▼ -1.00 (-8.53%)
Kohat Textile / Sep 28 Kohat Textile Mills Limited(KOHTM)	11.30 ▼ -0.95 (-7.76%)
Masood Textile / Sep 28 Masood Textile Mills Limited(MSOT)	41.50 ▼ -3.36 (-7.49%)
Zahid Jee Textile / Sep 28 Zahidjee Textile Mills Limited(ZAHID)	24.80 ▼ -2.00 (-7.46%)
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%)
At-Tahur Ltd. / Sep 28 At-Tahur Limited(PREMA)	14.90 ▼ -0.80 (-5.10%)

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 ▲ 0.03
Agritech Limited / Sep 28 Agritech Limited(AGL)	7,335,000 ▲ 0.27
WorldCall Telecom / Sep 28 Worldcall Telecom Limited(WTL)	7,096,855 ▲ 0.00
P.I.A.C.(A) / Sep 28 Pakistan International Airlines Corp(PIAA)	6,933,000 ▲ 0.16
Oil & Gas Dev. / Sep 28 Oil & Gas Development Company Limited(OGDC)	6,830,288 ▼ -0.38
Dewan Motors / Sep 28 Dewan Farooque Motors Limited(DFML)	6,537,980 ▲ 0.05
Bankislami Pak. / Sep 28 BankIslami Pakistan Limited(BIPL)	6,477,203 ▼ -0.05
B.O.Punjab / Sep 28 The Bank of Punjab(BOP)	6,308,530 ▼ -0.03
Fauji Foods Ltd / Sep 28 Fauji Foods Limited(FFL)	5,388,296 ▲ 0.19

Markets →

Forex
World
Commodity

Currency	Rate
USD to Japanese Yen / Jan 1	103.55
USD to Swiss Franc / Jan 1	0.89
Pound Sterling to USD / Jan 1	1.35
Euro to USD / Jan 1	1.22

Stock	Volume
S&P 500 / Jan 1	3690.01
India Sensex / Jan 1	46444.18
Tokyo Nikkei / Jan 1	26524.79
Nasdaq / Jan 1	12771.11
Hang Seng / Jan 1	26343.10
FTSE 100 / Jan 1	6495.75
Dow Jones / Jan 1	30129.83
Germany DAX 30 / Jan 1	13587.23
France CAC40 / Jan 1	5527.59

Item	Value
Crude Oil USD/Barrel / Jan 1	48.07
Karachi Cotton PKR/37.32 KG / Jan 1	9950
Gold 10 Grams PKR / Jan 1	96493
Gold Spot USD/Ounce / Jan 1	1876.70
Cotton US¢/pound / Jan 1	76.14

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