Trends - Crude Oil - Business Recorder

Crude Oil

Oil edges higher on tighter U.S. supplies, Brent tops $75 a barrel

Brent crude oil futures were up 92 cents, or 1.2pc, at $75.66 a barrel by 12:05 ET (1605 GMT), having traded as high as $75.74. U.S. West Texas Intermediate (WTI) crude oil futures were up 90 cents, or 1.3pc, at $73.29 a barrel.

Published 29 Jul, 2021 10:40pm

Markets

Oil edges higher on inventory drawdowns, Brent tops $75 a barrel

US crude stocks fall by 4.1 mln barrels, EIA says
US Fed says economic recovery remains on track
Iran blames US for pause in nuclear talks

Published 29 Jul, 2021 07:07pm

Markets

Oil nears $75 as US inventory drop counters virus concerns

API reports 4.7 million barrel drop in US crude inventories
Oil supply set to remain tight despite OPEC+ hike-analyst

Published 28 Jul, 2021 08:01pm

Markets

Brent oil still targets $75.36-$75.87 range

The downtrend will be considered to have resumed, if the contract drops into the range

Published 28 Jul, 2021 12:16pm

BR Research

Petroleum pricing getting tougher

It was only going to be a matter of time before the axe fell on GST, after Petroleum Levy left no room to be further...

Published 28 Jul, 2021 07:25am

Markets

Brent oil may rise into $75.36-$75.87 range

The contract has completed a pullback towards $73.50, it may not revisit this level

Published 27 Jul, 2021 10:42am

Markets

Asia’s gasoline crack up as crude eases

SINGAPORE: Asia’s gasoline crack edged higher on Monday on weaker feedstock crude prices, but traders were...

Published 27 Jul, 2021 04:40am

Markets

Brent oil may edge up to $75.36

A break above $75.36 could lead to a gain to $76.71, the peak of the wave b

Published 26 Jul, 2021 10:25am

Markets

Brent oil may keep rising into $74.52-$75.36 range

Oil has broken a resistance at $73.50. The break opened the way towards $77.96

Updated 23 Jul, 2021 11:30am

Markets

Oil extends gains despite rise in US inventories

Brent crude futures had gained $2.13, or 3.1%, to $71.48 a barrel
US crude stocks rose by 806,000 barrels for the week that ended July 16, according to two market sources, citing American Petroleum Institute figures.

Published 21 Jul, 2021 07:18pm

Markets

Oil falls $2 after OPEC+ producers agree to raise output

Brent crude was down $1.92, or 2.6%, at $71.67 a barrel
"Longer-term, free and additional production capacities from OPEC+ countries are the key reason why we see oil moving lower again"

Published 19 Jul, 2021 04:32pm

Markets

US oil may fall to $69.35

The lower channel suggests a target around $67.59, which will be confirmed when the support at $69.02 is broken

Published 19 Jul, 2021 12:15pm

Markets

Brent oil may fall towards $70.98

A rising channel suggests a lower target of $68.43, which will be available when oil breaks $70.75

Published 19 Jul, 2021 12:10pm

Markets

OPEC+ agrees oil supply boost from August as prices surge

OPEC+ to ease cuts by 2 mln bpd until year end.
Oil prices near 2-1/2 year highs on pandemic recovery.
Supply management likely to last until end-2022.
Production quotas to be adjusted up from May 2022.

Published 18 Jul, 2021 05:15pm

Markets

OPEC+ plans new output policy meeting on Sunday

OPEC+, still needs to take a final decision on output policy after talks earlier this month were abandoned because of the dispute between Saudi and the UAE.

Published 17 Jul, 2021 07:51pm

Markets

Asia’s naphtha, gasoline cracks rise

SINGAPORE: Asia’s naphtha and gasoline crack gained on Friday as demand remained steady. The naphtha crack was...

Published 17 Jul, 2021 04:21am

Markets

Oil track for big weekly drop as supply concerns mount

Brent crude was down 82 cents, or 1.1%, at $72.65 a barrel, heading for a 3.8% fall this week.
Saudi Arabia and the UAE reached a compromise this week, paving the way for OPEC+ producers to finalise a deal to increase production.

Published 16 Jul, 2021 09:05pm

Markets

India's June oil imports hit their lowest in 9 months

June imports fall about 7% on-month to 3.9m bpd
High fuel inventories curb India's crude imports
April-June imports rise 11.7% year-on-year

Published 16 Jul, 2021 02:14pm

Markets

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 13.108...

Published 16 Jul, 2021 04:34am

Markets

Asia’s naphtha cracks mixed

SINGAPORE: Asia’s naphtha crack dipped on Thursday, while gasoline crack rose amid a drop in oil prices. The...

Published 16 Jul, 2021 04:34am

Markets

OPEC sees world oil demand reaching pre-pandemic level in 2022

Oil demand seen at 99.86 million bpd in 2022, similar to 2019

Updated 15 Jul, 2021 10:03pm

Markets

Oil prices extend losses on expected supply increase

Saudi Arabia and UAE reach compromise on oil supply.
US crude stockpiles fall for eighth week –EIA.
US fuel stocks rose despite reduced refinery output –EIA.
Iran nuclear talks unlikely until mid-August –source.
China June crude throughput hit record high.

Published 15 Jul, 2021 05:26pm

Markets

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 15.636...

Published 15 Jul, 2021 04:03am

Markets

China Jan-June crude imports fall, first H1 drop since 2013

Tuesday's data also showed refined fuel exports rose nearly two-thirds over a year earlier to 6.44 million tonnes.

Published 13 Jul, 2021 10:42am

BR Research

E&P production flows: oil upbeat

Crude oil production in the country has been higher in FY21 versus FY20 due to lesser lockdowns and restrictions...

Published 12 Jul, 2021 08:10am

Markets

Oil prices firm as US inventories decline

US oil and gasoline stocks fall as fuel demand rises.
OPEC+ impasse fuels uncertainty over global supply.
Fears of rising COVID-19 cases also weigh.

Updated 09 Jul, 2021 05:07pm

Markets

US oil may rise into $73.87-$74.60 range

A moderate correction was triggered by the resistance at $73.34

Published 09 Jul, 2021 10:47am

Markets

Brent oil may bounce more into $75.21-$76.21 range

It is not very clear if the uptrend from $64.57 has resumed

Published 09 Jul, 2021 10:40am

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

Oil prices rise after big draw in US crude, gasoline stocks

• Russia mediating in bid to rescue OPEC+ deal NEW YORK: Oil prices rose on Thursday, rebounding from early ...

Published 09 Jul, 2021 04:25am

Gainers
Losers
Leaders

Stock	Price
Sally Tex. / Jul 30 Sally Textile Mills Limited(SLYT)	5.39 ▲ 0.79 (17.17%)
Security Bank / Jul 30 Security Investment Bank Limited(SIBL)	7.35 ▲ 0.91 (14.13%)
Ist Paramount / Jul 30 First Paramount Modaraba(FPRM)	8.80 ▲ 1.00 (12.82%)
Tri-Star / Jul 30 Tri-Star Mutual Fund Limited(TSMF)	7.49 ▲ 0.81 (12.13%)
Dewan Farooque Motors / Jul 30 Dewan Farooque Motors Limited(DFML)	11.68 ▲ 1.00 (9.36%)
Ghazi Fab. / Jul 30 Ghazi Fabrics International Limited(GFIL)	13.60 ▲ 1.00 (7.94%)
Thal LTD / Jul 30 Thal Limited(THALL)	434.16 ▲ 30.28 (7.50%)
Thal Ind. / Jul 30 The Thal Industries Corporation Limited(TICL)	320.68 ▲ 22.37 (7.50%)
Arpak Int. / Jul 30 Arpak International Investments Ltd.(ARPAK)	87.09 ▲ 6.07 (7.49%)
First Tri-Star Mod. / Jul 30 First Tri-Star Modaraba(FTSM)	14.78 ▲ 1.03 (7.49%)

Stock	Price
Image Pakistan / Jul 30 Image Pakistan Limited(IMAGE)	27.91 ▲ -6.29 (-18.39%)
Trust Mod. / Jul 30 Trust Modaraba(TRSM)	2.72 ▲ -0.33 (-10.82%)
First Fid. Leas. / Jul 30 First Fidelity Leasing Modaraba(FFLM)	3.02 ▲ -0.28 (-8.48%)
Blessed Tex. / Jul 30 Blessed Textiles Limited(BTL)	475.45 ▲ -38.55 (-7.50%)
Gatron Ind. / Jul 30 Gatron (Industries) Limited(GATI)	520.78 ▲ -42.22 (-7.50%)
Pak Engg. / Jul 30 Pakistan Engineering Co Limited(PECO)	392.73 ▲ -31.84 (-7.50%)
Prosperity / Jul 30 Prosperity Weaving Mills Limited(PRWM)	46.38 ▲ -3.76 (-7.50%)
Khairpur / Jul 30 Khairpur Sugar Mills Limited(KPUS)	65.59 ▲ -5.31 (-7.49%)
Mehran Sugar / Jul 30 Mehran Sugar Mills Limited(MRNS)	53.58 ▲ -4.34 (-7.49%)
Dawood Equities / Jul 30 Dawood Equities Limited(DEL)	19.68 ▲ -1.59 (-7.48%)

Stock	Volume
Worldcall / Jul 30 Worldcall Telecom Limited(WTL)	49,369,000 ▼ 0.00
Byco Petroleum / Jul 30 Byco Petroleum Pakistan Limited(BYCO)	46,970,500 ▼ 0.00
Unity Foods / Jul 30 Unity Foods Limited(UNITY)	16,065,452 ▼ 0.00
Fauji Fert. Bin / Jul 30 Fauji Fertilizer Bin Qasim Limited(FFBL)	10,222,000 ▼ 0.00
Hum Network / Jul 30 Hum Network Limited(HUMNL)	10,015,500 ▼ 0.00
Aisha Steel / Jul 30 Aisha Steel Mills Limited(ASL)	9,649,500 ▼ 0.00
Silkbank / Jul 30 Silkbank Limited(SILK)	9,425,000 ▼ 0.00
Hascol Petroleum / Jul 30 Hascol Petroleum Limited(HASCOL)	9,171,860 ▼ 0.00
TPL Corp / Jul 30 TPL Corp Limited(TPL)	8,869,500 ▼ 0.00
P.T.C.L.A / Jul 30 Pakistan Telecommunication Company Ltd(PTC)	8,636,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 29	162.00
USD PKR Interbank Buying / Jul 29	161.90
USD to Japanese Yen / Jul 29	109.85
USD to Swiss Franc / Jul 29	0.91
Pound Sterling to USD / Jul 29	1.39
Euro to USD / Jul 29	1.18
UK LIBOR % / Jul 29	0.08

Stock	Volume
S&P 500 / Jul 29	4400.64
India Sensex / Jul 29	52443.71
Tokyo Nikkei / Jul 29	27725.72
Nasdaq / Jul 29	14762.59
Hang Seng / Jul 29	25473.88
FTSE 100 / Jul 29	7016.63
Dow Jones / Jul 29	34930.93
Germany DAX 30 / Jul 29	15570.36
France CAC40 / Jul 29	6609.31

Item	Value
Crude Oil / Jul 29	72.32
Karachi Cotton Assoc. / Jul 29	13080.00
Gold 10 Grams / Jul 29	94050.00
Gold Spot / Jul 29	1810.11
Cotton / Jul 29	90.52

Crude Oil

Oil edges higher on tighter U.S. supplies, Brent tops $75 a barrel

Oil edges higher on inventory drawdowns, Brent tops $75 a barrel

Oil nears $75 as US inventory drop counters virus concerns

Brent oil still targets $75.36-$75.87 range

Petroleum pricing getting tougher

Brent oil may rise into $75.36-$75.87 range

Asia’s gasoline crack up as crude eases

Brent oil may edge up to $75.36

Brent oil may keep rising into $74.52-$75.36 range

Oil extends gains despite rise in US inventories

Oil falls $2 after OPEC+ producers agree to raise output

US oil may fall to $69.35

Brent oil may fall towards $70.98

OPEC+ agrees oil supply boost from August as prices surge

OPEC+ plans new output policy meeting on Sunday

Asia’s naphtha, gasoline cracks rise

Oil track for big weekly drop as supply concerns mount

India's June oil imports hit their lowest in 9 months

PMEX daily trading report

Asia’s naphtha cracks mixed

OPEC sees world oil demand reaching pre-pandemic level in 2022

Oil prices extend losses on expected supply increase

PMEX daily trading report

China Jan-June crude imports fall, first H1 drop since 2013

E&P production flows: oil upbeat

Oil prices firm as US inventories decline

US oil may rise into $73.87-$74.60 range

Brent oil may bounce more into $75.21-$76.21 range

Oil to rise on Opec failed deal

Oil prices rise after big draw in US crude, gasoline stocks

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