Trends - Brent oil - Business Recorder

Brent oil

Brent oil may retreat to $82.18

SINGAPORE: Brent oil may retreat to $82.18 per barrel, following its failure to break a resistance zone of...

Published 12 Oct, 2021 10:54am

Markets

Oil falls after US inventories swell

US oil dipped $1.00 to $73.83. Brent crude for November delivery was down 62 cents at $78.02 a barrel

Published 30 Sep, 2021 06:36pm

Markets

Brent oil near $80 a barrel on tighter supplies

Brent at highest since 2018, WTI highest since July
As OPEC reopens taps, African giants struggle to pump more
China faces power shortages, hitting factory output

Published 28 Sep, 2021 08:08pm

Markets

Oil climbs a sixth day on supply concerns, Brent rises over $80

TOKYO: Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while...

Published 28 Sep, 2021 12:03pm

Markets

World to reach peak oil demand before 2030: TotalEnergies

Oil demand would drop to 40 or 64 million barrels per day by 2050

Published 27 Sep, 2021 06:33pm

Markets

Brent oil nears $80 a barrel on tight supply

Brent crude nears three-year high
WTI hits $75 a barrel, highest since July
Goldman Sachs sees Brent at $90 a barrel by year-end

Updated 27 Sep, 2021 06:10pm

Markets

Oil heads for third week of gains as output stumbles

The rally was slightly dampened by China's first public sale of state crude reserves

Published 24 Sep, 2021 01:50pm

Markets

Oil edges higher on supply concerns, China releases 4.43mn barrels

Brent crude was up 12 cents, or 0.2%, at $77.37 a barrel, by 0321 GMT, after touching two-month high on Thursday and closing at its highest since October 2018

Published 24 Sep, 2021 12:05pm

Markets

Brent oil may retreat to $76.50 before rising

The contract is riding on a wave C, which has travelled above its 61.8% projection level of $76.05

Published 24 Sep, 2021 11:44am

Markets

Oil prices rise on tight supply, renewed risk appetite

SINGAPORE: Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected...

Published 23 Sep, 2021 12:09pm

Markets

Oil rises over 1% after report of big draw in US crude stocks

US West Texas Intermediate (WTI) crude futures rose 89 cents, or 1.3%, to $71.38 a barrel at 0516 GMT, adding to a 35 cent gain from Tuesday

Published 22 Sep, 2021 10:59am

Markets

Oil prices advance amid US supply tightness signals

Brent crude gained 63 cents or 0.9% to $74.55 a barrel by 0340 GMT, having fallen by almost 2% on Monday

Published 21 Sep, 2021 11:23am

Markets

Oil falls below $75 on risk-averse mood, US Gulf output

The dollar rallied to its highest in a month on Monday as pending catastrophe at developer China Evergrande added to a cautious mood and as investors braced for the Federal Reserve to take another step towards tapering this week

Published 20 Sep, 2021 01:54pm

Markets

Brent oil targets $81.74-$86.74 range in Q4

The resistance at $77.12 is strengthened by a similar one established by a falling trendline

Published 20 Sep, 2021 12:10pm

Markets

Oil falls 1% as storm-hit US supply trickles back into market

Oil falls but still set for nearly 3% weekly gain
Slow post-Ida production recovery bolsters prices
Dollar index hits 3-week high

Updated 17 Sep, 2021 08:46pm

Markets

Oil prices climb $1 after drawdown in US stocks

API shows crude, fuel stocks fell after Ida, sources say
Vaccines set to unleash pent-up oil demand, IEA says
Coming up: EIA inventory data at 1430 GMT on Wednesday

Published 15 Sep, 2021 05:38pm

Markets

Oil hits 6-week high as Storm Nicholas hits US Gulf

US energy firms brace for another storm amid slow recovery from Ida
Over 40% of US Gulf's oil, gas output still shut following Ida
IEA sees oil demand rebounding by 1.6 million bpd in October
China to auction 7.38 mln bbl of crude from strategic reserves

Published 14 Sep, 2021 05:56pm

Markets

Oil steady as China moves to tap oil stocks

China set to tap state oil reserves for the first time
Prices supported by lower US output after Hurricane Ida
API data shows crude drawdown less than poll expectations
EIA cuts 2021 demand outlook, keeps 2022 forecast steady

Published 09 Sep, 2021 08:43pm

Markets

Brent oil may test resistance at $73.69

The consolidation triggered by this resistance has been confined within the narrow range of $71.13-$73.69

Published 09 Sep, 2021 11:10am

Markets

Oil steady as US jobs report disappoints

New Covid variant appears to restrain US job growth
US Gulf Coast struggles to recover after storm
OPEC+ agrees to boost production
Global demand outlook bright on recovery hopes

Updated 03 Sep, 2021 07:50pm

Markets

Oil slips ahead of US jobs report

US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.3%, to $69.75 a barrel at 0200 GMT, while Brent crude futures fell 13 cents, or 0.2%, to $72.90 a barrel

Published 03 Sep, 2021 09:57am

Markets

Oil rises on economic recovery hopes, weaker dollar

Brent crude was up $1.25, or 1.8%, at $72.84 a barrel
Crude oil processing will probably take considerably longer to recover from the outages than crude oil production, which suggests that crude oil stocks will increase in the coming weeks," says Commerzbank

Updated 02 Sep, 2021 07:13pm

Markets

Oil price falls after gasoline stock rise

OPEC+ raise 2022 oil demand forecast, sources say
United States urges OPEC+ to boost output to ease prices
US refineries aim to restart after Hurricane Ida

Published 01 Sep, 2021 08:30pm

Markets

Brent oil may drop more to $70.47

It could be technically interpreted as a break below $71.86.

Published 01 Sep, 2021 09:29am

Markets

Oil edges lower as US pushes OPEC to pump more

OPEC+ expected to proceed with an output increase
Softer China PMI data weighs on sentiment

Updated 31 Aug, 2021 06:57pm

Markets

Brent oil may retest resistance at $73.58

The rise looks very slow and the correction triggered by $73.58 is too deep

Published 31 Aug, 2021 10:43am

Markets

Oil slips as Hurricane Ida weakens, OPEC+ in focus

Brent hits $73.69, highest since Aug. 2, before easing
Around 1.7 million bpd Gulf of Mexico output offline
OPEC+ seen going ahead with output increase at Weds meeting

Updated 30 Aug, 2021 06:50pm

Markets

Brent oil may retest support at $70.47

It represents a weak market sentiment that could drive the price further down

Published 27 Aug, 2021 10:35am

Markets

US oil may test support at $66.96

A break above $68.35 could confirm the extension of the uptrend towards $69.73-$71.45 range

Published 26 Aug, 2021 11:03am

Markets

Brent oil may drop to $70.47

The divergence makes a break above a resistance at $71.86 doubtful

Published 26 Aug, 2021 11:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 22	278.53
USD PKR Interbank Buying / Apr 22	278.33
USD to Japanese Yen / Apr 22	154.79
USD to Swiss Franc / Apr 22	0.91
Pound Sterling to USD / Apr 22	1.23
Euro to USD / Apr 22	1.07

Stock	Volume
S&P 500 / Apr 22	5010.60
India Sensex / Apr 22	73648.62
Tokyo Nikkei / Apr 22	37438.61
Nasdaq / Apr 22	15451.31
Hang Seng / Apr 22	16511.69
FTSE 100 / Apr 22	8023.87
Dow Jones / Apr 22	38239.98
Germany DAX 30 / Apr 22	17860.80

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Crude Oil USD/Barrel / Apr 22	82.42
Gold 10 Grams PKR / Apr 22	213220
Gold Spot USD/Ounce / Apr 22	2328.37
Cotton US¢/pound / Apr 22	82.42
Petrol/Litre / Apr 23	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Brent oil

Most Popular