Trends - Brent - Business Recorder

Brent

Oil slides: But for how long

Where is Brent? The bear hopefuls were asking a week ago, as Brent crude had tanked to 12—a month low as the West...

Published 23 Dec, 2022 08:38am

BR Research

RLNG – consumer price at all-time high

There is not much RLNG available for Pakistan to procure for the next two to three months. Spot cargoes have been...

Published 13 Apr, 2022 08:05am

Markets

Oil gains as investors see limited Omicron impact on demand

TOKYO: Oil prices extended their rally on Monday as investor appetite improved amid growing relief the Omicron...

Published 13 Dec, 2021 11:48am

Markets

Oil off 7-week lows but under pressure as release of reserves eyed

SINGAPORE: Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was ...

Published 22 Nov, 2021 10:50am

Markets

Oil slips towards $84, heads for weekly drop as supply concerns ease

LONDON: Oil slipped towards $84 a barrel on Friday, heading for its first weekly loss in about two months after a...

Updated 29 Oct, 2021 07:01pm

BR Research

Energy prices: Scary winters ahead

It may not be the horrors of 2008 yet, but it is the closest the world has seen since. Coal prices touched the...

Published 30 Sep, 2021 07:35am

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

BR Research

Oil to rise on Opec failed deal

An unexpected failure at the Opec Plus much anticipated meeting was the latest excuse WTI crude oil needed to push...

Published 09 Jul, 2021 08:12am

Markets

Brent oil may rise to $78.35

A drop from the current level may be limited to $76

Published 06 Jul, 2021 10:43am

Markets

US oil may rise to $74.99

It is riding on a wave C, which consists of many impulsive waves

Published 25 Jun, 2021 10:55am

Markets

Oil gains as risk of Iran supply resumption recedes

Still, prices were off their highs earlier in the day, with US crude briefly dipping into negative territory.

Published 15 Jun, 2021 12:44pm

BR Research

Petroleum Sensitivity: Getting tougher

As international crude oil prices have started to rise and calls for Brent at $100/bbl are being heard, panic must ...

Published 08 Jun, 2021 07:30am

BR Research

Oily slope

All the international commodities are having a bull run. Oil is no exception and is the most critical commodity...

Published 07 Jun, 2021 07:25am

Markets

Brent oil still targets $67.14

Three smaller waves make up the wave 2. Based on the strength of the wave b, the current wave c could be very short.

Published 07 May, 2021 11:36am

Markets

India demand worries, weak Japanese imports knock oil prices from six-week highs

Brent to average $64.17 in 2021-Reuters poll.
Japan's March oil imports fall 25.0 pct y/y – METI.
China's factory activity growth slows in April.
Japan's April manufacturing expands at fastest pace since 2018.
India infections top 18 million.

Published 30 Apr, 2021 08:54pm

Markets

Brent oil still targets $65.22-$65.73 range

Despite its strength, the rise from the March 23 low of $60.27 is regarded as a part of the correction from $71.38.

Published 19 Apr, 2021 11:30am

Markets

Oil nudges lower but set for weekly gain on demand recovery hopes

NEW YORK: Oil was modestly lower on Friday but headed for a weekly gain as a stronger demand outlook and signs of...

Published 17 Apr, 2021 03:28am

POL products’ prices reduced

ISLAMABAD: The federal government Wedn-esday announced a decrease in the rates of petroleum products in the first...

Published 01 Apr, 2021 04:10am

Business & Finance

Oil drops on concerns European COVID-19 issues to crimp demand

Brent crude futures for May dropped by 68 cents, or 1.1% to $63.94, erasing a 9 cent gain in the previous session.

Published 23 Mar, 2021 10:21am

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

Oil steady ahead of official US inventory data

US crude stockpiles rise, fuel inventories fall –API.
Official EIA data expected Wednesday.
OECD raises forecast for global economic outlook.

Published 10 Mar, 2021 05:11pm

Markets

US oil may test support at $59.08

However, it is not very clear if the contract bounces towards $61.70 first, before breaking $59.41. Signals on the hourly chart suggests a small chance of the bounce.

Published 03 Mar, 2021 10:04am

BR Research

The sweet LNG deal

Last week, Pakistan signed a long-term contract of LNG supply from Qatar at 10.2 percent of Brent, which is at...

Published 02 Mar, 2021 07:25am

Markets

US oil may revisit Feb. 26 low of $61.34

A realistic target range could be from $60.58 to $61.20. Resistance is at $63.05, a break above which could lead to a gain to $63.44-$63.81 range.

Published 01 Mar, 2021 10:12am

Markets

Oil rises after data shows slump in US output amid Texas freeze

• Brent, WTI hit fresh 13-month high • US crude output, refining use slump on Texas storms: EIA • Houston...

Published 25 Feb, 2021 04:58am

Markets

US oil may test support at $58.64

Strategically, this target will be confirmed when oil breaks $58.55.

Published 22 Feb, 2021 10:24am

Markets

Oil prices climb on fears Texas freeze may hamper US crude output

US Energy Information Administration (EIA) oil inventory data will be released later on Thursday, delayed by a day after a Monday holiday.

Published 18 Feb, 2021 11:29am

Markets

US oil may revisit Feb. 9 low of $57.27

Oil is expected to fall towards $57.27, which is also the bottom of the wave (3)-4.

Published 11 Feb, 2021 10:11am

Markets

Asian stocks hit record high, as earnings, stimulus boost recovery hopes

Spot gold added 0.3% to $1,842.8 an ounce after rising to a one-week high on Tuesday.

Published 10 Feb, 2021 11:32am

Markets

US oil may rise into $58.88-59.38 range

A realistic target could be either $58.88 or $59.38.

Published 10 Feb, 2021 10:52am

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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