Trends - Brent oil - Business Recorder

Brent oil

Brent oil may end rise around $80

Brent oil may end its rise around a resistance at $80 per barrel, and resume its downtrend from $86.75. The...

Published 29 Mar, 2023 09:49am

Markets

Brent oil may retrace to $77.20

Brent oil may retrace to $77.20 per barrel, before retesting a resistance at $78.44. The contract faces a resistance...

Published 28 Mar, 2023 10:41am

Markets

Brent oil may test resistance zone of $76.47 to $76.72

Brent oil may test a resistance zone of $76.47 to $76.72 per barrel, a break above could lead to a gain to $77.44. A...

Published 27 Mar, 2023 10:20am

Markets

Brent oil may drop into $73.24-$74.04 range

Brent oil may drop into a range of $73.24-$74.04 per barrel, driven by a wave b. The deep drop from the Thursday...

Published 24 Mar, 2023 10:11am

Markets

Brent oil may test support at $75.17

Brent oil may test a support at $75.17 per barrel, a break below which could open the way towards $73.24-$74.04...

Published 23 Mar, 2023 11:18am

Markets

Brent plunge fails to displace Russian crude for Asian buyers

SINGAPORE/LONDON: A plunge in Brent crude prices has narrowed the spread between Atlantic Basin and Middle East...

Published 22 Mar, 2023 03:04pm

Markets

Brent oil may bounce more to $75.89

Brent oil may bounce more to $75.89 per barrel, following its strong recovery from Monday’s low of $70.12. The...

Published 21 Mar, 2023 10:23am

Markets

Brent oil neutral in $77.92-$79.65 range

Brent oil looks neutral in a range of $77.92 to $79.65 per barrel, and an escape could suggest a direction. The...

Published 06 Jan, 2023 11:07am

Markets

Oil rebalances on stronger dollar and economic outlook

LONDON: Oil prices rebalanced on Friday after an early $1 rally as a stronger dollar and weaker economic outlook...

Updated 06 Jan, 2023 06:30pm

Markets

Brent oil may test support at $81.05

Brent oil may test a support at $81.05 per barrel, probably after a moderate bounce into $83.45-$84.19 range. The...

Published 04 Jan, 2023 11:02am

Oil up by $1/bbl

NEW YORK: Oil was on track for a second straight annual gain in a turbulent year marked by tight supplies following...

Updated 31 Dec, 2022 08:33am

Markets

Brent oil may retest support at $80.56

Brent oil may retest a support at $80.56 per barrel, a break below which could open the way towards $78.48. The...

Published 23 Dec, 2022 11:05am

Markets

Brent oil may test resistance at $87.71

Brent oil may test a resistance at $87.71 per barrel, a break above which could lead to a gain to $89.90. The...

Published 01 Dec, 2022 09:50am

Markets

Brent oil biased to break $82.80 and fall more

Brent oil is biased to break a support at $82.80 per barrel, and fall towards its Nov. 28 low of $80.61. The bounce...

Published 30 Nov, 2022 09:42am

Markets

Brent oil to retest support at $80.88

Brent oil is expected to retest a support at $80.88 per barrel, a break below which could open the way towards...

Published 29 Nov, 2022 12:59pm

Markets

Oil jumps on hopes for easing of China’s COVID controls

LONDON: Oil prices jumped by 3% on Tuesday on hopes for a relaxation of China’s strict COVID-19 controls after rare...

Updated 29 Nov, 2022 05:22pm

BR Research

Oil prices: China Covid fear returns

Brent and WTI prices have wiped off the entire 2022 gains. Both benchmarks underwent three consecutive weeks of...

Published 29 Nov, 2022 08:47am

Markets

Brent oil to retest support of $84.28

Brent oil is expected to retest a support of $84.28 per barrel, a break below which could open the way towards...

Published 25 Nov, 2022 10:35am

Markets

Oil prices fall more than 3% on Russian oil price cap talks

LONDON: Oil prices fell by more than $2 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price...

Updated 23 Nov, 2022 08:09pm

Markets

Oil rises as OPEC+ focus on supply cuts outweighs recession concerns

LONDON: Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take...

Updated 22 Nov, 2022 06:53pm

Markets

Oil prices hit 10-month low on OPEC+ production boost report

WSJ report suggests Saudi Arabia and other OPEC oil producers are discussing output increase

Updated 21 Nov, 2022 09:21pm

Markets

Brent oil may test resistance at $95.29

Brent oil may test a resistance at $95.29 per barrel, a break above which could lead to a gain into $96.06-$96.82...

Published 07 Oct, 2022 10:37am

Markets

Oil up 3% to 5-week high on more lift from OPEC+ output cut

Oil kept rallying even as the dollar moved higher after data showing the U.S. economy was creating jobs at a strong pace gave the Federal Reserve a reason to continue hefty interest rate hikes

Updated 07 Oct, 2022 09:46pm

Markets

Brent oil may extend gains to $95.29

Brent oil may extend its gains to $95.29 per barrel, as it has climbed above the 114.6% projection level of...

Published 06 Oct, 2022 09:56am

Markets

Oil near three-week high on cuts to OPEC+ output targets

LONDON: Oil prices held near three-week highs on Thursday after OPEC+ agreed to tighten global crude supply with a...

Updated 06 Oct, 2022 06:49pm

Markets

Oil prices jump $3/bbl ahead of OPEC+ meeting to discuss supply cuts

NEW YORK: Oil prices rose by about $3 a barrel on Tuesday on expectations of a large cut in crude output from the...

Updated 04 Oct, 2022 09:14pm

Markets

Brent oil may rise into $88.82-$89.59 range

Brent oil may rise into a range of $88.82-$89.59 per barrel, driven by a wave c. The combined effects of oil output...

Published 03 Oct, 2022 11:39am

Markets

Brent oil may revisit Monday low of $88.50

Brent oil may revisit its Monday low of $88.50 per barrel, as the drop on Tuesday marked a completion of the bounce...

Published 21 Sep, 2022 10:49am

Markets

Russia is considering $50bn hike in taxes on oil, gas in 2023-2025

Russia is considering raising taxes on the oil and gas sector to the tune of 3 trillion roubles ($50 billion) in...

Updated 20 Sep, 2022 12:31pm

Markets

US oil may test resistance at $86.76

SINGAPORE: US oil may test a resistance at $86.76 per barrel, a break above could open the way towards $87.66-$88.07...

Published 20 Sep, 2022 10:22am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 29 The Pakistan General Insurance Co. Ltd.(PKGI)	4.42 ▲ 0.62 (16.32%)
Popular Islamic / Mar 29 Popular Islamic Modaraba(PIM)	8.15 ▲ 1.00 (13.99%)
KASB Modaraba / Mar 29 KASB Modaraba(KASBM)	1.24 ▲ 0.15 (13.76%)
Invest Bank / Mar 29 Invest Capital Investment Bank Limited(ICIBL)	1.19 ▲ 0.10 (9.17%)
Khyber Tex. / Mar 29 Khyber Textile Mills Limited(KHYT)	369.70 ▲ 25.79 (7.50%)
J.K.Spinning / Mar 29 J.K. Spinning Mills Limited(JKSM)	43.32 ▲ 3.02 (7.49%)
Khairpur / Mar 29 Khairpur Sugar Mills Limited(KPUS)	67.61 ▲ 4.71 (7.49%)
Quetta Textile / Mar 29 Quetta Textile Mills Limited(QUET)	15.22 ▲ 1.06 (7.49%)
Zahid Jee Textile / Mar 29 Zahidjee Textile Mills Limited(ZAHID)	26.87 ▲ 1.87 (7.48%)
Shield Corp. / Mar 29 Shield Corporation Limited(SCL)	304 ▲ 20.89 (7.38%)

Stock	Price
Pak. P.V.C. / Mar 29 Pakistan PVC Limited(PPVC)	3.91 ▼ -0.99 (-20.20%)
First Pak Mod. / Mar 29 First Pak Modaraba(PAKMI)	1.20 ▼ -0.20 (-14.29%)
Bilal Fibres / Mar 29 Bilal Fibres Limited(BILF)	2.15 ▼ -0.29 (-11.89%)
Unicap Modaraba / Mar 29 Unicap Modaraba(UCAPM)	1.61 ▼ -0.19 (-10.56%)
U.D.L.Modaraba / Mar 29 First UDL Modaraba(FUDLM)	4.71 ▼ -0.49 (-9.42%)
Media Times Ltd / Mar 29 Media Times Limited(MDTL)	1.82 ▼ -0.16 (-8.08%)
Ghazi Fabrics / Mar 29 Ghazi Fabrics International Limited(GFIL)	4.07 ▼ -0.34 (-7.71%)
Saritow Spinning / Mar 29 Saritow Spinning Mills Limited(SSML)	4.03 ▼ -0.33 (-7.57%)
Metro Steel / Mar 29 Metropolitan Steel Corporation Limited(MSCL)	27.39 ▼ -2.22 (-7.50%)
Nimir Ind.Chem. / Mar 29 Nimir Industrial Chemicals Limited(NICL)	57.77 ▼ -4.68 (-7.49%)

Stock	Volume
Telecard Limited / Mar 29 Telecard Limited(TELE)	23,781,500 ▼ -0.33
WorldCall Telecom / Mar 29 Worldcall Telecom Limited(WTL)	9,342,048 ▼ -0.02
Pakistan Alumin / Mar 29 Pakistan Aluminium Beverage Cans Limited(PABC)	7,635,500 ▼ -2.29
Pak Int.Bulk / Mar 29 Pakistan International Bulk Terminal(PIBTL)	5,999,500 ▼ -0.17
Nishat Mills Ltd / Mar 29 Nishat Mills Limited(NML)	4,517,772 ▼ -0.92
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	4,299,000 ▲ 8.00
Pak Elektron / Mar 29 Pak Elektron Limited(PAEL)	4,048,000 ▼ -0.07
K-Electric Ltd. / Mar 29 K-Electric Limited(KEL)	3,769,542 ▼ -0.02
Habib Bank / Mar 29 Habib Bank Limited(HBL)	3,527,993 ▼ -1.26
D.G.K.Cement / Mar 29 D.G. Khan Cement Company Limited(DGKC)	3,430,473 ▼ -0.07

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 29	284
USD PKR Interbank Buying / Mar 29	283.40
USD to Japanese Yen / Mar 29	131.67
USD to Swiss Franc / Mar 29	0.92
Pound Sterling to USD / Mar 29	1.23
Euro to USD / Mar 29	1.08
UK LIBOR % / Mar 28	4.81

Stock	Volume
S&P 500 / Mar 28	3971.27
Nasdaq / Mar 28	11716.08
Dow Jones / Mar 28	32394.25
India Sensex / Mar 29	57772.50
Tokyo Nikkei / Mar 29	27883.78
Hang Seng / Mar 29	20191.68
FTSE 100 / Mar 29	7506.30
Germany DAX 30 / Mar 29	15242.54
France CAC40 / Mar 29	7139.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 28	18935
Gold 10 Grams PKR / Mar 28	175411
Crude Oil USD/Barrel / Mar 29	73.63
Gold Spot USD/Ounce / Mar 29	1966.74
Cotton US¢/pound / Mar 29	82

Brent oil

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