Trends - Crude Oil - Business Recorder

Crude Oil

US oil remains neutral in $58.80-$60.04 range

The bias could be towards the downside, as a wave C from the April 6 high of $60.90 looks incomplete. It is expected to travel below the March 23 low of $57.25.

Published 12 Apr, 2021 10:04am

Markets

Brent oil remains neutral in $62.84-$63.84 range

There might be two different moves when the consolidation is over: A weak bounce towards $66.15 and a deep fall towards $54.43.

Published 12 Apr, 2021 10:02am

Crude oil: Customs says has not cleared any Iranian ship till date

ISLAMABAD: Customs authorities at ports across Pakistan have not cleared any Iranian origin ship containing crude ...

Published 11 Apr, 2021 05:27am

Markets

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Friday

Published 10 Apr, 2021 04:35am

Markets

Oil prices dip on mixed supply and demand outlook

Brent crude futures for June fell 32 cents, or 0.32%, to $62.88 a barrel.
Both contracts are on track for a 2%-3% drop this week but still far from a low of $60.47 hit two weeks ago. Exerting downward pressure is the decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to increase supplies by 2 million barrels per day between May and July.

Published 09 Apr, 2021 07:35pm

Markets

Oil prices dip on mixed supply and demand outlook

"If a fulsome framework can be crafted in the coming weeks, significant quantities of Iranian oil will likely hit the market in H2 2021," RBC Capital analyst Helima Croft said in a note this week.

Published 09 Apr, 2021 03:43pm

Markets

US oil neutral in $58.80-$60.04 range

On the daily chart, oil is stuck in a wider range of $57.88-$61.74.

Published 09 Apr, 2021 11:01am

Markets

Brent oil neutral in $62.84-$63.84 range

On the daily chart, signals are mixed, as oil is consolidating around $62.91, the 38.2% retracement on the uptrend from $49.20 to $71.38.

Published 09 Apr, 2021 10:57am

BR Research

Crude oil – price strengthening amid turbulence

In the midst of rising coronavirus cases with many economies under the third spell of the virus, the general trend ...

Published 09 Apr, 2021 07:30am

Markets

Oil falls on surge in US gasoline stocks

US gasoline stocks jump by 4 mln barrels.
Tentative talks around lifting of Iranian sanctions.
Russian exports increase in April.

Published 08 Apr, 2021 06:12pm

Markets

Brent oil may test support at $61.22

On the daily chart, oil is consolidating around $62.91, the 38.2% retracement on the uptrend from $49.20 to $71.38.

Published 08 Apr, 2021 12:53pm

Markets

Petrol and diesel: OMCs directed to build up stocks

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA), on Wednesday, directed the Oil Marketing Companies (OMCs) to...

Published 08 Apr, 2021 04:10am

Markets

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 10.926...

Published 08 Apr, 2021 04:10am

Markets

Gasoil cracks dip

SINGAPORE: Asian refining margins for 10 ppm gasoil slipped on Wednesday, while cash differentials for the ...

Published 08 Apr, 2021 04:10am

Markets

Wall Street inches up, Treasury yields pare losses after Fed minutes

All three major U.S. stock indexes gained some ground and the S&P 500 and the Dow were last in positive territory, with economically-sensitive small caps and transports lagging.

Updated 08 Apr, 2021 09:06am

Markets

Rouble recovers from 5-month low vs dollar; geopolitical fears in focus

At 1453 GMT, the rouble was 0.2pc firmer against the dollar at 77.10 after hitting 78.0450, a level last seen on Nov. 5.

Updated 08 Apr, 2021 12:19am

Markets

Oil prices firm on stronger economic outlook

Crude stockpiles down and fuel inventories up, says API.
World powers and Iran hold talks on nuclear deal.
Coming up: EIA inventory data at 1430 GMT.

Published 07 Apr, 2021 05:53pm

Markets

Brent oil may retest support at $61.22

This move followed the deep fall on Monday. Bears seem to have taken good control of the market.

Published 07 Apr, 2021 11:20am

Markets

US oil may test support at $58.80

Resistance is at $60.04, a break above which could lead to a gain into $60.44-$60.94 range.

Published 07 Apr, 2021 11:18am

Markets

Oil rebounds on robust economic data, bargain hunting

Oil slumps over 4% in previous session on rising OPEC+ supply.
Strong US, China economic data support investor sentiment.
US expects 'difficult' Iran talks, sees no quick breakthrough.

Published 06 Apr, 2021 01:10pm

Markets

Asia Distillates: Gasoil cracks rise, time spread stays in contango

SINGAPORE: Asian refining margins for 10 ppm gasoil climbed on Monday, primarily buoyed by weaker feedstock crude...

Published 06 Apr, 2021 04:23am

Markets

Oil loses $2/bbl as rising OPEC+, Iranian output weighs

OPEC+ to ease some output cuts between May and July.
Iran is also increasing output and exports.
Iran, US to hold indirect nuclear talks on Tuesday.

Published 05 Apr, 2021 09:10pm

Markets

Rouble hits over 1-week low vs dollar; state FX buying plan awaited

At 0741 GMT, the rouble was steady against the dollar at 76.57, earlier touching 76.74, its weakest since March 24.

Published 05 Apr, 2021 01:03pm

Markets

US oil production to start rising in second quarter

LONDON: US crude oil production has stabilised and is set to start rising again, after the massive shock last year...

Published 04 Apr, 2021 04:12am

Markets

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 2, 2021)....

Published 03 Apr, 2021 03:41am

Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 11.133...

Published 03 Apr, 2021 03:41am

Markets

Canadian dollar gains as manufacturing strength cheers investors

The Canadian dollar was trading 0.1pc higher at 1.2547 to the greenback, or 79.70 U.S. cents.

Updated 02 Apr, 2021 12:03am

Markets

Oil rises as OPEC+ decides on production policy

OPEC+ reaches preliminary deal to raise output from May –sources.
OPEC+ still has deep production cuts in place.
New pandemic waves creates uncertain demand outlook.
Euro zone factory activity soared in March.

Published 01 Apr, 2021 09:04pm

Markets

Oil up as OPEC+ meets to decide on production policy

OPEC+ considers whether to rollover or hike output.
OPEC+ still has deep production cuts in place.
New pandemic waves creates uncertain demand outlook.
Euro zone factory activity soared in March.

Published 01 Apr, 2021 07:09pm

Markets

Oil up as OPEC+ meets to decide on production policy

OPEC+ deliberates about rollover or hike, sources say.
OPEC+ meeting is scheduled to start at 1300 GMT.
Euro zone factory activity soared in March.

Published 01 Apr, 2021 05:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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