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Crude Oil

Oil hits two-year high above $72 on OPEC+ discipline, demand hopes

Brent hits $72.17, highest since May 2019.
Slow inoculation and surging infections renew demand concerns US job growth picks up in May.

Published 04 Jun, 2021 08:44pm

Markets

Oil extends gains on OPEC+ discipline and demand hopes

Brent hit $71.99 on Thursday for highest since May 2019.
Slow inoculation and surging infections renew demand concerns.
Coming up: US non-farm payrolls, 1230 GMT.

Published 04 Jun, 2021 06:30pm

Markets

US crude stockpiles fell in latest week: EIA

Crude inventories fell by 5.1 million barrels in the week ended May 28, compared with analysts' expectations for an decrease of 2.4 million barrels.
Gasoline stocks rose by 1.5 million barrels, compared with analysts' expectations in a Reuters poll for a 1.5 million barrel drop.

Published 03 Jun, 2021 09:12pm

Markets

Oil steady after sharp rise on improved demand picture

Brent steady after settling at highest since January 2020.
WTI hit highest since October 2018 on Wednesday.
New round of Iran nuclear deal talks next week.

Published 03 Jun, 2021 07:44pm

Markets

Brent oil targets $72.71

Support is at $70.95, a break below could cause a fall into $69.87-$70.41 range. On the daily chart, oil broke a resistance at $70.75.

Published 03 Jun, 2021 12:09pm

Markets

Asian markets rise ahead of jobs data but Fed taper talk builds

Oil prices also extended gains, fuelled by growing optimism that the reopenings and vaccine rollouts will lead to a surge in activity over the coming months and ramp up demand.

Published 03 Jun, 2021 11:14am

BR Research

Palm oil imports keep rising

Pakistan’s food imports have surpassed all records this fiscal year at $6.9 billion with 2 months remaining – ...

Published 03 Jun, 2021 07:25am

Markets

Brent oil may retest resistance at $71.38

Support is at $69.87, a break below which could cause a fall limited to $69.20.

Published 02 Jun, 2021 12:12pm

Markets

Canada's TSX climbs above 20,000, loonie posts 6-year high as oil rallies

The Toronto Stock Exchange's S&P/TSX composite index touched a record high at 20,014.70 before dipping to 20,000.12, up 1.4pc on the day.

Updated 01 Jun, 2021 11:01pm

Markets

Brent oil biased to retest support at $68.66

If it occurs, the correction towards $66.29 could be the last retracement before bulls launch a major attack.

Published 01 Jun, 2021 11:38am

Markets

Oil trades near $70 a barrel on improving demand outlook

OPEC+ to meet on Tuesday.
Producers likely to stick to gradual easing of supply cuts.

Published 31 May, 2021 08:36pm

Markets

Brent oil may test support at $68.66

Because of this failure, the contract may experience the final correction before rising above a bullish wedge.

Published 31 May, 2021 11:37am

Markets

Russian rouble hits near 2-month high versus euro, MOEX reaches record high

The rouble-based MOEX Russian index was 0.2pc lower at 3,730.6 points, earlier reaching a record high of 3,752.80.

Published 28 May, 2021 10:45pm

Markets

Oil inches higher as upbeat demand outlook counters supply concerns

Brent, WTI set to close the week with 5%-6% gains.
OPEC+ likely to stick to existing policy.
Worries over impact of Iranian supply return ease.

Published 28 May, 2021 06:35pm

Markets

China regulator says crude oil, palm oil options to start trading in June

Crude oil options will begin trading on June 21, and palm oil options on June 18, the Securities Regulatory Commission (CSRC) said.
The Chinese contracts open to foreign participation include crude oil, TSR 20 rubber, low-sulphur fuel oil, iron ore and purified terephthalic acid.

Published 28 May, 2021 06:15pm

Markets

US oil may test resistance at $67.57

On the daily chart, oil has finally broken a resistance zone of $65.65 to $66.60.

Published 28 May, 2021 11:54am

Markets

Oil prices dip on concerns about possible return of Iranian supply

US crude, gasoline stocks fall more than expected.
Summer demand outlook in US, Europe supports prices.
Market eyes upcoming OPEC+ meeting.

Published 27 May, 2021 08:31pm

Markets

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 13.380...

Published 27 May, 2021 03:40am

Markets

Oil falls as Iranian supply prospect outweighs demand optimism

US crude stocks fall in latest week, sources say.
Iran official upbeat about nuclear talks.
US dollar near multi-month lows.

Published 26 May, 2021 07:34pm

Markets

Oil near one-week high as prospect of Iran glut wanes

Brent crude futures were down 30 cents, or 0.4%, at $68.16 a barrel by 1004 GMT, having jumped 3% on Monday. US West Texas Intermediate futures were off 42 cents, or 0.6%, at $65.63 a barrel, after gaining 3.9% the previous session.
Still, the global recovery from the COVID-19 pandemic is patchy, indicating a mixed outlook for oil demand.

Published 25 May, 2021 05:18pm

Markets

Oil prices jump on view Iranian oil will not cause glut

NEW YORK: Oil prices rose on Monday as a demand bump fuelled by Covid-19 vaccination drives gave traders optimism...

Published 25 May, 2021 04:40am

Markets

Oil prices up over $1 amid potential Iran talks hitch

Iran says IAEA access to nuclear sites images has ended.
Brent prices to reach $80/bbl in 4Q 2021 - Goldman Sachs.

Published 24 May, 2021 02:21pm

Markets

Oil prices rise as storm forms in Gulf, doubts emerge on Iran deal

NHC says 60% chance of cyclone over western Gulf of Mexico.
Iran says IAEA access to nuclear sites images has ended.

Published 24 May, 2021 09:06am

Markets

Nigeria’s oil exports drop

LONDON: Oil exports from Nigeria, Africa’s top producer and an OPEC member, have dropped by 130,000 barrels per ...

Published 23 May, 2021 03:06am

Markets

Oil jumps but set for weekly loss on Iran nuclear talks

Iran's Rouhani says US will lift sanctions.
Market braces for extra 1 mln bpd Iran supplies in H2.
Front-month prices set for biggest weekly loss since March.

Published 21 May, 2021 08:52pm

Markets

US oil may test support at $60.98

The contract has broken a support at $62.13. The next support will be at $60.98, around which a bounce may occur, as this support will be stronger than the one at $62.13.

Published 21 May, 2021 12:30pm

Markets

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.186...

Published 21 May, 2021 05:04am

Markets

Rouble strengthens on easing U.S. tensions, Russia taps global debt market

Brent crude oil, a global benchmark for Russia's main export, was down 0.8pc at $66.11 a barrel, falling for a third straight day, which did not stop Russian stocks indexes from advancing.

Published 20 May, 2021 11:15pm

Markets

Oil falls with possible return of Iranian supply

US refined product demand ticking up.
Indian corona crisis weighs on demand outlook.
UBS sees oil price at $75/bbl in H2.

Published 20 May, 2021 08:35pm

Markets

U.S. oil may rise to $64.71

In terms of duration or depth, the fall looks far from complete. Eventually, oil could drop to $62.13 again.

Published 20 May, 2021 01:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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