Trends - Brent crude - Business Recorder

Brent crude

World oil rises

NEW YORK: Oil prices rose on Tuesday after more US states eased lockdowns and the European Union sought to attract...

Published 05 May, 2021 04:01am

Markets

Bacon and copper lead commodity price surge

Copper in the past week hit a 10-year high, while pork prices have fattened in part due to higher demand for bacon from Americans working and eating breakfast at home.

Published 02 May, 2021 11:25am

Markets

Major Gulf indexes down

DUBAI: Major stock markets in the Gulf ended lower on Wednesday, as oil prices were weighed down by concerns that...

Published 22 Apr, 2021 03:55am

Business & Finance

Oil prices drop as India's COVID-19 surge dents demand outlook

India reports country's record single-day tally in deaths.
US crude stocks rise in the week ended April 16.
EIA data due later in the day.

Published 21 Apr, 2021 04:25pm

Markets

Oil steady near one-month highs as IEA, OPEC raise forecasts

"We see robust stock draws even after factoring in bearish risks as refinery runs are set to rise sharply in the coming months," Citi Research analysts said in a note.

Published 15 Apr, 2021 11:26am

Markets

Oil maintains upward momentum despite fresh coronavirus fears

Prices climb for third session but remain rangebound.
Oil higher on US inventory drop and improved demand outlook.
Weaker US dollar also supportive.
Spike in COVID-19 cases stokes concerns.

Updated 14 Apr, 2021 06:18pm

Markets

Oil rises but remains rangebound as COVID-19 cases soar

However, the crude prices have remained rangebound in the past three weeks, with Brent between $60 and $65 a barrel and WTI at $57 to $62.
"Oil prices are entering a consolidation phase after swinging wildly last month," said oil broker PVM's Stephen Brennock.

Published 12 Apr, 2021 05:59pm

Markets

Oil prices firm on stronger economic outlook

Crude stockpiles down and fuel inventories up, says API.
World powers and Iran hold talks on nuclear deal.
Coming up: EIA inventory data at 1430 GMT.

Published 07 Apr, 2021 05:53pm

Markets

Oil up as OPEC+ meets to decide on production policy

OPEC+ deliberates about rollover or hike, sources say.
OPEC+ meeting is scheduled to start at 1300 GMT.
Euro zone factory activity soared in March.

Published 01 Apr, 2021 05:17pm

Markets

Oil prices gain on expectations OPEC+ will keep lid on output

Under existing curbs, OPEC, led by Saudi Arabia, and non-OPEC producers, led by Russia, have cut just over 7 million barrels per day (bpd), while Saudi Arabia has made an additional voluntary reduction of 1 million bpd.

Published 31 Mar, 2021 12:01pm

Markets

Oil prices fall as Suez Canal opens

NEW YORK: Oil prices slid on Tuesday as the Suez Canal reopened to traffic and the dollar rallied. Focus in the...

Published 31 Mar, 2021 05:42am

Markets

Oil and shares slide as sanctions, virus fears strike

US, Europe sanctions against China hit shares.
Oil slides 4% amid demand fears.

Published 23 Mar, 2021 08:00pm

Markets

Oil prices climb

NEW YORK: Oil prices edged higher on Monday after a broad sell-off last week, as market players were hopeful demand...

Published 23 Mar, 2021 04:37am

Markets

Oil extend losses amid gloomy demand outlook

In other parts of the world, Brazil registered its second deadliest day in its COVID-19 pandemic, with 2,724 deaths, while India on Friday reported its highest daily increase of new COVID-19 cases in more than three months.

Published 19 Mar, 2021 11:15am

Markets

Oil climbs as surprise drop in US crude stocks outweighs European vaccine woes

The market has drifted lower over the past few days as more European countries pause inoculations of AstraZeneca's COVID-19 vaccines due to concerns over possible serious side effects, which could slow a recovery in fuel demand.

Published 17 Mar, 2021 01:15pm

Markets

Brent crude eases, but stays near $70 as demand optimism lends support

Oil prices sustained at higher levels are expected to draw US producers to increase output, JP Morgan analysts said in their weekly note.

Published 12 Mar, 2021 11:46am

Markets

Oil prices rise on economic outlook, drawdown in fuel stocks

Globally, stocks also remain ample with crude oil in storage at major land and sea hubs rising last week, according to analysts and ship trackers.

Published 11 Mar, 2021 11:57am

Markets

Oil prices edge up ahead of US inventories data

"The current WTI oil price is well above the level needed to incentivise a substantial increase in US production, which according to surveys by the Dallas Fed and the Kansas City Fed stands at around $56 per barrel," EFG said.

Published 10 Mar, 2021 11:06am

Markets

Brent crude oil price surges above $70 a barrel

A barrel of the black gold jumped 2.11 percent to $70.82 a barrel, the highest since January 2020.

Published 08 Mar, 2021 05:29pm

Markets

Brent jumps past $70 for first time since pandemic began after Saudi facilities attacked

"It also suggests they see little threat from rising output elsewhere."

Published 08 Mar, 2021 10:07am

Markets

Oil rises on demand hopes after days of sell-off

"The recent selloff may help reinforce Saudi's cautious stance and delay any production increase," said Stephen Innes, global market strategist at Axi.

Published 03 Mar, 2021 10:47am

Markets

TSX boosted by better-than-expected GDP data

Toronto Stock Exchange's S&P/TSX composite index was up 61.85 points, or 0.34%, at 18,361.47.
On the TSX, 134 issues were higher, while 76 issues declined for a 1.76-to-1 ratio favouring gainers, with 25.43 million shares traded.

Published 02 Mar, 2021 09:30pm

Markets

Oil drops on dollar strength and OPEC+ supply expectations

Rout in bond markets sends yields soaring.
Market expects increased oil supply.
OPEC+ producers meet on March 4.
Brent and WTI on track for 20% monthly gain.

Published 26 Feb, 2021 08:07pm

Markets

Oil prices drop amid US dollar strength, expectations for supply gains

"The market's probably right to think at this price level and given what the fundamentals are doing, there'll be more supply coming into the market over time."

Published 26 Feb, 2021 12:17pm

Markets

Oil holds near year-long highs

• Houston ship channel traffic slowly coming back to normal NEW YORK: Oil prices were steady on Tuesday, trading...

Published 24 Feb, 2021 05:24am

Markets

Oil prices jump more than $1 as US output struggles to fully restart

"It is hard not to be bullish with oil prices now that the deep freeze disruption practically guarantees the summer pickup in crude demand will erase whatever supply glut is left," said Edward Moya, senior market analyst at OANDA in New York.

Published 23 Feb, 2021 11:37am

Markets

Oil extends losses as Texas prepares to ramp up output

LONDON: Oil prices fell from recent highs for a second day on Friday as Texas energy companies began preparations to...

Updated 20 Feb, 2021 06:27pm

Prices of POL products likely to surge

ISLAMABAD: The prices of POL products are likely to be increased in the second half of February due to significant...

Published 14 Feb, 2021 03:49am

Markets

Oil's losses deepen as OPEC, IEA caution ends rally

US crude inventories dropped unexpectedly last week, declining by more than 6 million barrels as refiners increased output to pre-pandemic levels, according to the Energy Information Administration.

Published 12 Feb, 2021 10:33am

Markets

Equity futures slide on nerves over retail-trading frenzy

The Hang Seng Index and the Shanghai Composite eked small gains on Friday, however both are on course for weekly losses of more than 2.5%.

Published 29 Jan, 2021 10:17am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
Dow Jones / May 13	39431.51
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19
Hang Seng / May 14	19120.21
FTSE 100 / May 14	8427.64
Germany DAX 30 / May 14	18697.64

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Crude Oil USD/Barrel / May 14	79.23
Gold 10 Grams PKR / May 14	207733
Gold Spot USD/Ounce / May 14	2344.20
Cotton US¢/pound / May 14	77.55
Petrol/Litre / May 15	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 15 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 15 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 15 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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