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Brent oil

Oil drops 2pc as COVID-19 vaccine halt threatens demand

Germany, France, Italy suspend use of AstraZeneca shot.
Move threatens EU's already slow vaccination campaign.
Coming Up: API inventory data at 4:30 p.m. ET/2030 GMT.

Published 16 Mar, 2021 09:34pm

Markets

Oil drops as inventories and COVID vaccine halt threaten demand

Germany, France, Italy suspend use of AstraZeneca shot.
Move threatens EU's already slow vaccination campaign.
US inventories seen rising in data releases this week.
US refineries take time to recover from 'big freeze'.

Updated 16 Mar, 2021 10:02pm

Markets

Brent oil may retest support at $67.94

Despite this consolidation, the uptrend looks intact. It may extend into a range of $77.96 to $85.17.

Published 16 Mar, 2021 11:13am

Markets

Brent crude hits $70 as China energy demand outlook brightens

China Jan-Feb refinery output up 15% - data.
China Jan-Feb industrial output beat expectations – data.
Saudi Arabia cuts April crude volumes to some Asian buyers.

Published 15 Mar, 2021 05:25pm

Markets

US oil may revisit March 8 high of $67.98

This wave is capable of travelling to $71.93.

Published 15 Mar, 2021 11:09am

Markets

Brent oil may test resistance at $70.07

On the daily chart, oil completed a pullback towards a support at $66.29, the 100% projection level of a an upward wave C.

Published 15 Mar, 2021 11:06am

Ogra recommends increase in POL products’ prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended the government to increase the ex-depot ...

Published 15 Mar, 2021 05:22am

Markets

Oil steady near $70 on hopes of recovering demand

Gasoline demand expected to jump during summer.
US crude output to grow this year, JP Morgan says.
OPEC sees stronger oil demand recovery in second half.

Published 12 Mar, 2021 08:14pm

Markets

Oil prices rise on economic outlook, drawdown in fuel stocks

US crude stocks surge, fuel inventories fall – EIA.
Biden's $1.9 trillion COVID-19 bill wins final approval in House.
Global oil stocks rise as market recovery hits speed bump.

Updated 11 Mar, 2021 10:02pm

Markets

US oil may test resistance at $65.98

The correction triggered by the resistance zone of $65.65-$66.60 may have ended. Oil is poised to retest this zone.

Published 11 Mar, 2021 10:56am

Markets

Brent oil may rise towards Tuesday high $69.33

On the daily chart, oil stabilized around a support at $66.29, the 100% projection level of a an upward wave C.

Published 11 Mar, 2021 10:54am

Markets

Pricing agency Platts defers changes to dated Brent oil benchmark

The company said it has opened further consultation with the market on the benchmark transition. The changes, among which was inclusion of US crude WTI Midland in the Brent assessment, were announced on Feb. 22.
We received extensive feedback from market participants in support of introducing WTI Midland into the basket, but there is not agreement on how it would be fully reflected into the wider Brent complex.

Published 10 Mar, 2021 07:25pm

Markets

US oil may test resistance at $64.64

The drop from Monday high of $67.98 seems to be due to a resistance at $67.14.

Published 10 Mar, 2021 10:52am

Markets

Brent oil may test resistance at $67.94

On the daily chart, the current fall is considered as an accumulation for breaking a resistance at $71.75, the Jan. 8, 2020 high.

Published 10 Mar, 2021 10:49am

Markets

Oil rises to $69 as focus returns to tighter market

Saudi Arabia says it thwarted missile and drone attacks.
OPEC+ offers boost by deciding to keep supply steady.
US crude inventories expected to fall in weekly reports.

Updated 09 Mar, 2021 09:30pm

Markets

Palm oil may drop into 3,801-3,834 ringgit range

It happened to appear around a short rising trendline.

Published 09 Mar, 2021 11:09am

Markets

Brent oil may rise into $69.26-70.07 range

On the daily chart, the deep fall on Monday was due to a resistance zone of $70.75-$71.75.

Published 09 Mar, 2021 10:20am

Markets

Brent back below $70 after Saudi attack as inflation worries mount

Brent and WTI crude hit pandemic highs.
Yemen's Houthis targeted Saudi oil sites.
US Senate approves $1.9 trillion stimulus.
Inflation jitters drag at global economic sentiment.

Updated 08 Mar, 2021 10:17pm

Markets

Asia markets mostly up on US jobs news but inflation fears linger

The rising hostilities underscore a dangerous intensification of Yemen's conflict between the coalition-backed Yemeni government and the Iran-backed Huthis, despite a renewed US push to end the war in the crude-rich region.

Published 08 Mar, 2021 12:23pm

Markets

US oil may extend gains into $68.40-$68.77 range

On the daily chart, oil has cleared a resistance at $67.14, it may rise to $71.93, the 100% projection level of an upward wave C from $51.64.

Published 08 Mar, 2021 09:52am

Markets

Brent oil may climb into $71.47-$71.80 range before falling

The uptrend is expected to resume once the shallow correction completes.

Published 08 Mar, 2021 09:51am

Markets

Palm oil may hover below 3,801 ringgit

The correction may take the shape of a big flat, which consists of three waves.

Published 08 Mar, 2021 09:50am

Markets

Oil surges $2 after OPEC+ extends output cuts

Saudi Arabia surprises with continued voluntary cuts.
OPEC+ producers keep curbs, agree only small output boost.
Decision could affect oil inventories into 2022.
Brent and WTI on track for weekly gains.

Published 05 Mar, 2021 08:28pm

Business & Finance

Oil prices rise after Saudi minister urges caution on market

OPEC+ ministers meet on Thursday, future Saudi output unclear.
US crude inventories surge, fuel stocks fall –EIA.
Yemen's Houthis say they fired missile at Saudi Aramco site.

Updated 04 Mar, 2021 09:51pm

Markets

Oil prices broadly stable ahead of OPEC+ meeting

OPEC+ ministers meet on Thursday, future Saudi output unclear.
US crude inventories surge, fuel stocks fall –EIA.
Yemen's Houthis say they fired missile at Saudi Aramco site.

Published 04 Mar, 2021 07:29pm

Markets

US oil may retest support at $60.58

However, the uptrend will not be confiremd until oil breaks $63.81.

Published 04 Mar, 2021 10:13am

Markets

Brent oil may retest support at $62.65

It may unfold further in the range of $62.65-$64.58 for a few days.

Published 04 Mar, 2021 10:08am

Markets

Brent oil may fall to $61.09

The trend was driven by a wave C, which is roughly equal to the preceding wave A. This equality suggests a reversal of the uptrend from the April 22, 2020 low of $15.98.

Published 03 Mar, 2021 10:02am

Markets

Oil steady before OPEC+ talks on supply amid economic recovery

OPEC+ meets on Thursday to discuss output.
OPEC secretary general sees last year's headwinds easing.
Oil rices rallied last week to one-year peak.

Published 02 Mar, 2021 08:36pm

Markets

Oil slips on fears over higher OPEC supply, slower China demand

OPEC+ meets on Thursday to discuss output.
OPEC output drops in Feb on additional Saudi cut –survey.
China's weak factory activity raises fears over slow oil demand.

Published 02 Mar, 2021 06:05pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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