Trends - crude - Business Recorder

crude

Pakistan Mercantile Exchange - PMEX

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

Published 27 Feb, 2021 04:29am

Markets

Brent oil may rise into $65.96-$66.45 range

On the daily chart, the uptrend towards the Jan. 8, 2020 high of $71.75 has resumed. A realistic target could be $67.50, the 486.4% projection level of an uptrend from $39.34.

Published 18 Feb, 2021 11:11am

Markets

Oil prices hover near 13-month highs

NEW YORK: Oil prices hovered near 13-month highs on Tuesday, supported by a deep freeze in the US South that shut...

Published 17 Feb, 2021 04:24am

Markets

Asian fuel oil margin hits 1-year high

SINGAPORE: Supported by shrinking supplies and firm demand, Asian refiners’ profit from producing very low sulphur...

Published 14 Feb, 2021 03:49am

Markets

Oil lifts Saudi shares; other Gulf indexes fall

DUBAI: Saudi Arabian shares surged on Monday as crude prices rose to their highest in just over a year, while the...

Published 09 Feb, 2021 04:43am

Markets

Brent strikes $60/bbl as supply cuts, stimulus hopes boost prices

A weaker dollar against most currencies on Monday also supported commodities, with dollar-denominated commodities becoming more affordable to holders of other currencies.

Published 08 Feb, 2021 12:50pm

Markets

Oil gains on continued OPEC+ cuts and US stocks draw

LONDON: Oil prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output...

Updated 05 Feb, 2021 11:47pm

Markets

Pakistan Mercantile Exchange - PMEX

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

Published 04 Feb, 2021 04:13am

Markets

Brent oil may retest resistance at $58.01

On the daily chart, oil has climbed above a resistance at $57.56, the 314.6% projection level on the uptrend from $39.34.

Published 03 Feb, 2021 10:51am

Markets

Oil jumps 2pc, hits highest in a year as producers limit supply

NEW YORK: Oil prices rose more than 2% on Tuesday, reaching their highest in 12 months after major producers showed...

Published 03 Feb, 2021 04:35am

Markets

Middle East Crude-Benchmarks strengthen to 7-week high

Pertamina closed a condensate procurement tender for April delivery.

Published 02 Feb, 2021 03:27pm

Markets

Pakistan Mercantile Exchange - PMEX

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

Published 02 Feb, 2021 04:29am

Markets

Oil rises 2pc as U.S. inventories fall and demand picks up

U.S. oil and gas drillers are gearing up for a pick-up in demand. As higher prices make new wells profitable again, they added rigs for a sixth month in a row in January.

Published 01 Feb, 2021 11:54pm

Markets

US oil may retest support at $51.68

Chances are this correction could be against the uptrend from the Nov. 2, 2020 low of $33.64.

Published 01 Feb, 2021 12:37pm

Markets

Oil rises as hefty US crude draw outweighs Covid-19 demand concerns

NEW YORK: Oil prices ticked up on Wednesday as a massive drawdown in US crude inventories countered persistent...

Published 28 Jan, 2021 04:40am

Markets

US oil may retest resistance at $52.98

The trend from $53.93 may have reversed. It consists of three waves. The third wave labeled c is roughly equal to the first wave labeled a. This equality confirms the reversal of the trend.

Published 26 Jan, 2021 10:24am

Markets

Saudi Arabia remains China’s top oil supplier in 2020

BEIJING/SINGAPORE: Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s ...

Published 24 Jan, 2021 03:32am

Markets

Oil prices fall

LONDON: Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries ...

Published 23 Jan, 2021 03:56am

Markets

Nigeria's Qua Iboe crude loadings to fall to 170,000 bpd in March

The volume is down from the February schedule, which had seven cargoes at a rate of 215,000 bpd.

Published 21 Jan, 2021 09:37pm

Markets

Oil dips after unexpected rise in US crude stocks

The administration is also committed to ending new oil and gas leasing on federal lands.

Published 21 Jan, 2021 07:20pm

Markets

World oil prices fall slightly

LONDON: Oil prices fell slightly on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world...

Published 19 Jan, 2021 04:22am

Markets

Spot premium for Russian ESPO crude falls to 3-mth-low as China demand muted

The cargoes, loading over Feb. 28-Mar. 5 and Mar. 2-8, were sold to trading house Mercuria and Glencore, the sources said.

Published 18 Jan, 2021 11:34am

Markets

Oil drops over 2pc on China lockdowns, U.S. stimulus concerns

Both benchmarks, which hit their highest in nearly a year earlier in the week, were are heading for their first weekly declines in three weeks.

Published 16 Jan, 2021 12:37am

Markets

Brent oil may revisit Jan 13 high of $57.42

On the daily chart, the correction is classified as a pullback towards a former resistance at $54.62, now a support. The pullback may have completed.

Published 15 Jan, 2021 11:44am

Markets

Palm oil may fall into 3,592-3,631 ringgit range

On the daily chart, the drop triggered by the key resistance at 3,856 ringgit looks so decent that it suggests a completion the wave C from 2,691 ringgit.

Published 14 Jan, 2021 11:49am

Markets

US oil may extend gains into $54.19-$55.02 range

There might not be any major correction until oil surges to a strong resistance at $56.37. Support is at $53.41, a break below which could cause a fall to $52.84.

Published 13 Jan, 2021 10:46am

Business & Finance

Saudi Aramco cuts Feb crude supply to some Asian refiners, sources say

Most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.

Published 13 Jan, 2021 09:23am

Markets

Brent oil may extend gains to $59.08

Most likely, the correction will end in a support zone of $54.66-$55.25, formed by the 100% and the 114.6% levels.

Published 11 Jan, 2021 11:48am

Markets

Oil little changed as investors await OPEC+ decision

Rising tensions in the Middle East supported oil prices.

Published 05 Jan, 2021 10:14am

Markets

A historic oil price collapse, with worries headed into 2021

Shutdowns in more developed economies "increase refineries' exposure to the highly competitive product export market," BP said in its outlook, released in September.

Published 29 Dec, 2020 11:42am

Gainers
Losers
Leaders

Stock	Price
786 Investments / Mar 1 786 Investments Limited(786)	10.14 ▼ 0.00 (0.00%)
AL- Abbas / Mar 1 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Mar 1 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 1 Allied Bank Limited(ABL)	80.52 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 1 Abbott Laboratories (Pakistan) Limited(ABOT)	759.20 ▼ 0.00 (0.00%)
Abson Ind. / Mar 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Mar 1 Attock Cement Pakistan Limited(ACPL)	189.73 ▼ 0.00 (0.00%)
Adam Sugar / Mar 1 Adam Sugar Mills Limited(ADAMS)	30.06 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Mar 1 786 Investments Limited(786)	10.14 ▼ 0.00 (0.00%)
AL- Abbas / Mar 1 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Mar 1 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 1 Allied Bank Limited(ABL)	80.52 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 1 Abbott Laboratories (Pakistan) Limited(ABOT)	759.20 ▼ 0.00 (0.00%)
Abson Ind. / Mar 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Mar 1 Attock Cement Pakistan Limited(ACPL)	189.73 ▼ 0.00 (0.00%)
Adam Sugar / Mar 1 Adam Sugar Mills Limited(ADAMS)	30.06 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 27	158.10
USD PKR Interbank Buying / Feb 27	158.00
USD to Japanese Yen / Feb 27	106.57
USD to Swiss Franc / Feb 27	0.91
Pound Sterling to USD / Feb 27	1.39
Euro to USD / Feb 27	1.21
UK LIBOR % / Feb 27	0.08

Stock	Volume
S&P 500 / Feb 27	3811.15
India Sensex / Feb 27	49099.99
Tokyo Nikkei / Feb 27	28966.01
Nasdaq / Feb 27	13192.35
Hang Seng / Feb 27	28980.21
FTSE 100 / Feb 27	6483.43
Dow Jones / Feb 27	30932.37
Germany DAX 30 / Feb 27	13786.29
France CAC40 / Feb 27	5703.22

Item	Value
Crude Oil / Feb 27	61.50
Karachi Cotton Assoc. / Feb 27	12200.00
Gold 10 Grams / Feb 27	94564.00
Gold Spot / Feb 27	1728.80
Cotton / Feb 27	88.83

crude

Pakistan Mercantile Exchange - PMEX

Brent oil may rise into $65.96-$66.45 range

Oil prices hover near 13-month highs

Asian fuel oil margin hits 1-year high

Oil lifts Saudi shares; other Gulf indexes fall

Brent strikes $60/bbl as supply cuts, stimulus hopes boost prices

Oil gains on continued OPEC+ cuts and US stocks draw

Pakistan Mercantile Exchange - PMEX

Brent oil may retest resistance at $58.01

Oil jumps 2pc, hits highest in a year as producers limit supply

Middle East Crude-Benchmarks strengthen to 7-week high

Pakistan Mercantile Exchange - PMEX

Oil rises 2pc as U.S. inventories fall and demand picks up

US oil may retest support at $51.68

Oil rises as hefty US crude draw outweighs Covid-19 demand concerns

US oil may retest resistance at $52.98

Saudi Arabia remains China’s top oil supplier in 2020

Oil prices fall

Nigeria's Qua Iboe crude loadings to fall to 170,000 bpd in March

Oil dips after unexpected rise in US crude stocks

World oil prices fall slightly

Spot premium for Russian ESPO crude falls to 3-mth-low as China demand muted

Oil drops over 2pc on China lockdowns, U.S. stimulus concerns

Brent oil may revisit Jan 13 high of $57.42

Palm oil may fall into 3,592-3,631 ringgit range

US oil may extend gains into $54.19-$55.02 range

Saudi Aramco cuts Feb crude supply to some Asian refiners, sources say

Brent oil may extend gains to $59.08

Oil little changed as investors await OPEC+ decision

A historic oil price collapse, with worries headed into 2021

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