Trends - Crude Oil - Business Recorder

Crude Oil

Oil rises as EU keeps stimulus flows, dollar falls

US crude stocks show surprise rise in EIA data.
Rising COVID-19 cases in India and Japan raise demand concerns.
OPEC+ set for meeting next week.

Published 22 Apr, 2021 08:36pm

Markets

Oil extend losses into 3rd day on US stock build, pandemic fears

The Organization of the Petroleum Exporting Countries and allies led by Russia, a producer group known as OPEC+, are heading for a largely technical meeting next week in which major changes to policy are unlikely, Russian Deputy Prime Minister and OPEC+ sources said.

Published 22 Apr, 2021 01:01pm

Markets

US oil may fall to $59.78

A break above $61.35 may lead to a gain to $62.62. On the daily chart, oil has broken a support at $61.74.

Published 22 Apr, 2021 12:29pm

Markets

Brent oil may fall to $63.84

A break above $65.46, now a resistance, could lead to a gain to $66.46. On the daily chart, oil is falling towards a channel line around $62.91.

Published 22 Apr, 2021 12:25pm

Markets

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 12.747...

Published 22 Apr, 2021 03:55am

Markets

Asia Distillates: Jet fuel refining margins climb as crude prices drop

SINGAPORE: Asian jet fuel refining margins advanced on Wednesday, though traders were concerned a resurgence in...

Published 22 Apr, 2021 03:55am

Business & Finance

Oil prices drop as India's COVID-19 surge dents demand outlook

India reports country's record single-day tally in deaths.
US crude stocks rise in the week ended April 16.
EIA data due later in the day.

Published 21 Apr, 2021 04:25pm

Markets

Oil hits $68 on Libya force majeure despite pandemic surge

Libya declares force majeure on Hariga port.
US crude inventories expected to drop by 2.9 million barrels.
One year since WTI sank to minus $40.32 on massive glut.
Coming up: API oil inventory report, 2030 GMT.

Published 20 Apr, 2021 08:10pm

Markets

World Bank expects commodity prices to stay firm on economic growth

Energy prices are expected to average more than one-third higher this year than 2020, with oil averaging $56 a barrel, it said. Prices should rise to $60 a barrel in 2022, "broadly in line with their 2017-19 average."
"Emerging market and developing economies, both commodity exporters and importers, should strengthen their short-term resilience and prepare for the possibility of growth losing momentum."

Published 20 Apr, 2021 07:57pm

BR Research

Petrol prices: More relief – less taxes

Pakistan rupee averaged the lowest since July 2019 in the first fortnight of April 2021. Much improved currency made...

Published 20 Apr, 2021 07:40am

Markets

Oil steadies as dollar slumps but pandemic surge weighs

Brent crude was down 4 cents, at $66.73 a barrel.
With oil priced in dollars, a softer greenback could spur demand from holders of other currencies.

Published 19 Apr, 2021 08:20pm

Markets

Oil inches up despite coronavirus-related demand concerns

Brent crude was up 32 cents, or 0.5%, at $67.09 a barrel.
With oil priced in dollars, a softer greenback could spur demand from holders of other currencies, boosting prices.

Published 19 Apr, 2021 07:48pm

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

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 10.149...

Published 17 Apr, 2021 03:28am

Markets

Oil rises above $67 in fifth day of gains on demand hopes

Brent on track for weekly gain of about 7%.
US, China economic recoveries bolster sentiment.
IEA and OPEC boost 2021 global oil demand growth forecasts.
Rising COVID-19 cases in other major economies weigh.

Published 16 Apr, 2021 05:05pm

Markets

Brent oil may fall into $65.22-$65.73 range

The downward wave c is yet to develop, which may completely reverse the wave b.

Published 16 Apr, 2021 11:26am

Markets

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 11.905...

Published 16 Apr, 2021 03:40am

Markets

Oil near one-month highs as demand outlook improves

US West Texas Intermediate futures fell 36 cents, or 0.6%, to $62.79. It had earlier reached $63.48, also the highest since March 18.
The IEA and Organization of the Petroleum Exporting Countries (OPEC) made upward revisions to their global oil demand growth forecasts for 2021 this week to 5.7 million barrels per day (bpd) and 5.95 million bpd respectively.

Published 15 Apr, 2021 07:35pm

Markets

US oil may end rise in resistance zone of $63.38-$63.88

On the daily chart, oil may extend its gains towards $64.12, which is near the resistance of $63.38-$63.88 on the hourly chart.

Published 15 Apr, 2021 11:32am

Markets

Brent oil may fall into $64.46-$65.22 range

A break above $64.71 could confirm the trend extension. On the daily chart, oil seems to have somehow lost its bullish momentum around a resistance $66.15.

Published 15 Apr, 2021 11:29am

Markets

Oil steady near one-month highs as IEA, OPEC raise forecasts

"We see robust stock draws even after factoring in bearish risks as refinery runs are set to rise sharply in the coming months," Citi Research analysts said in a note.

Published 15 Apr, 2021 11:26am

Markets

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 12.103...

Published 15 Apr, 2021 03:22am

Markets

Oil maintains upward momentum but virus concerns cap gains

Traders are waiting to see if official inventory data from the US Energy Information Administration (EIA) on Wednesday matches that view.

Published 14 Apr, 2021 12:06pm

Markets

Canadian crude imports fall 20% in 2020 due to COVID-19 pandemic

"Refineries in the main importing regions of Quebec and Atlantic Canada have been slower to recover from the pandemic impacts compared to refineries in the rest of Canada," the CER said in its analysis.

Published 14 Apr, 2021 11:50am

Markets

US oil may test resistance at $60.94

8 On the daily chart, oil seems to be bouncing towards $61.74 again, around which, the downtrend may resume.

Published 14 Apr, 2021 11:49am

Markets

Brent oil may edge up into $64.46-$65.22 range

A break above $66.15 could lead to a gain into $68.14-$71.38 range.

Published 14 Apr, 2021 11:45am

Markets

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 8.551 ...

Published 14 Apr, 2021 03:21am

Markets

Oil rises 1pc after robust China data but J&J vaccine pause weighs

Crude oil imports into China jumped 21pc in March from a low base a year earlier as refiners ramped up operations.

Published 13 Apr, 2021 11:45pm

Markets

Rouble recovery gains pace after Biden-Putin phone call

Biden proposed a summit meeting with Putin in a third country in coming months, while calling on Russia to de-escalate tensions, the White House said.

Updated 14 Apr, 2021 12:01am

Markets

Oil prices rise after robust China data, Middle East tension

US crude stockpiles seen down for third week -Reuters poll.
OPEC ups 2021 oil demand forecast.
Coming up: API inventory data at 2030 GMT.

Published 13 Apr, 2021 08:34pm

Gainers
Losers
Leaders

Stock	Price
First Equity Mod. / Apr 23 First Equity Modaraba(FEM)	3.95 ▲ 0.61 (18.26%)
Sana Ind. (R) / Apr 23 Sana Industries (R)(SNAIR)	13.01 ▲ 1.00 (8.33%)
Capital Assets / Apr 23 Capital Assets Leasing Corporation(CPAL)	12.44 ▲ 0.94 (8.17%)
Quetta Textile / Apr 23 Quetta Textile Mills Limited(QUET)	9.20 ▲ 0.69 (8.11%)
Bal. Glass / Apr 23 Balochistan Glass Limited(BGL)	13.98 ▲ 1.00 (7.70%)
Chashma / Apr 23 Chashma Sugar Mills Limited(CHAS)	86.00 ▲ 6.00 (7.50%)
Indus Dyeing / Apr 23 Indus Dyeing & Manufacturing Co. Limited(IDYM)	311.19 ▲ 21.71 (7.50%)
Telecard Ltd. / Apr 23 Telecard Limited(TELE)	14.91 ▲ 1.04 (7.50%)
Service Fab. / Apr 23 Service Fabrics Limited(SERF)	14.35 ▲ 1.00 (7.49%)
Service Tex. / Apr 23 Service Industries Textiles Limited(SERT)	14.63 ▲ 1.02 (7.49%)

Stock	Price
Universal Ins. / Apr 23 The Universal Insurance Company Limited(UVIC)	3.62 ▲ -0.87 (-19.38%)
Flying Cement (R) / Apr 23 Flying Cement Company (R)(FLYNGR)	2.04 ▲ -0.36 (-15.00%)
Sindh Modaraba / Apr 23 Sindh Modaraba(SINDM)	8.46 ▲ -0.98 (-10.38%)
Highnoon / Apr 23 Highnoon Laboratories Limited(HINOON)	591.00 ▲ -68.16 (-10.34%)
A. Shah Ghazi / Apr 23 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.50 ▲ -0.65 (-9.09%)
First Pak Modaraba / Apr 23 First Pak Modaraba(PAKMI)	2.00 ▲ -0.20 (-9.09%)
First Cap. Sec. / Apr 23 First Capital Securities Corporation(FCSC)	1.65 ▲ -0.16 (-8.84%)
Janana D Mal / Apr 23 Janana De Malucho Textile Mills Limited(JDMT)	92.07 ▲ -7.46 (-7.50%)
MCB-Arif Habib / Apr 23 MCB-Arif Habib Savings and Invest(MCBAH)	37.00 ▲ -3.00 (-7.50%)
Pak Suzuki / Apr 23 Pak Suzuki Motor Company Limited(PSMC)	313.17 ▲ -25.39 (-7.50%)

Stock	Volume
Ghani Global Hold. / Apr 23 Ghani Global Holdings Limited(GGL)	36,343,500 ▼ 0.00
TRG Pakistan / Apr 23 TRG Pakistan Limited(TRG)	30,081,086 ▼ 0.00
Worldcall / Apr 23 Worldcall Telecom Limited(WTL)	26,692,500 ▼ 0.00
Unity Foods / Apr 23 Unity Foods Limited(UNITY)	19,537,751 ▼ 0.00
Telecard Ltd. / Apr 23 Telecard Limited(TELE)	11,774,500 ▼ 0.00
Byco Petr. / Apr 23 Byco Petroleum Pakistan Limited(BYCO)	9,145,000 ▼ 0.00
Pakistan Refinery / Apr 23 Pakistan Refinery Limited(PRL)	8,440,500 ▼ 0.00
Bal. Glass / Apr 23 Balochistan Glass Limited(BGL)	8,202,000 ▼ 0.00
Bank of Punjab / Apr 23 The Bank of Punjab(BOP)	8,096,500 ▼ 0.00
Aisha Steel / Apr 23 Aisha Steel Mills Limited(ASL)	8,085,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 21	153.20
USD PKR Interbank Buying / Apr 21	153.10
USD to Japanese Yen / Apr 21	108.08
USD to Swiss Franc / Apr 21	0.92
Pound Sterling to USD / Apr 21	1.39
Euro to USD / Apr 21	1.20
UK LIBOR % / Apr 21	0.07

Stock	Volume
S&P 500 / Apr 21	4173.42
India Sensex / Apr 21	47705.80
Tokyo Nikkei / Apr 21	28508.55
Nasdaq / Apr 21	13950.22
Hang Seng / Apr 21	28621.92
FTSE 100 / Apr 21	6895.29
Dow Jones / Apr 21	34137.31
Germany DAX 30 / Apr 21	15195.97
France CAC40 / Apr 21	6210.55

Item	Value
Crude Oil / Apr 21	61.07
Karachi Cotton Assoc. / Apr 21	10800.00
Gold 10 Grams / Apr 21	89163.00
Gold Spot / Apr 21	1794.90
Cotton / Apr 21	86.23

Crude Oil

Oil rises as EU keeps stimulus flows, dollar falls

Oil extend losses into 3rd day on US stock build, pandemic fears

US oil may fall to $59.78

Brent oil may fall to $63.84

PMEX daily trading report

Asia Distillates: Jet fuel refining margins climb as crude prices drop

Oil prices drop as India's COVID-19 surge dents demand outlook

Oil hits $68 on Libya force majeure despite pandemic surge

World Bank expects commodity prices to stay firm on economic growth

Petrol prices: More relief – less taxes

Oil steadies as dollar slumps but pandemic surge weighs

Oil inches up despite coronavirus-related demand concerns

Brent oil still targets $65.22-$65.73 range

PMEX daily trading report

Oil rises above $67 in fifth day of gains on demand hopes

Brent oil may fall into $65.22-$65.73 range

PMEX daily trading report

Oil near one-month highs as demand outlook improves

US oil may end rise in resistance zone of $63.38-$63.88

Brent oil may fall into $64.46-$65.22 range

Oil steady near one-month highs as IEA, OPEC raise forecasts

PMEX daily trading report

Oil maintains upward momentum but virus concerns cap gains

Canadian crude imports fall 20% in 2020 due to COVID-19 pandemic

US oil may test resistance at $60.94

Brent oil may edge up into $64.46-$65.22 range

PMEX daily trading report

Oil rises 1pc after robust China data but J&J vaccine pause weighs

Rouble recovery gains pace after Biden-Putin phone call

Oil prices rise after robust China data, Middle East tension

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