Trends - Crude Oil - Business Recorder

Crude Oil

Oil prices rise to highest in a year on US growth optimism, crude supply restraint

"And then when we have signs of better economic growth, then it's up and away (for prices)," said McCarthy.

Published 05 Feb, 2021 11:33am

Markets

US oil may retest resistance at $56.23

Support is at $55.63, a break below which could cause a fall into a zone of $55.10-$55.41.

Published 04 Feb, 2021 11:18am

Markets

Brent oil may retest resistance at $58.82

Based on the consolidation range from $54.50 to $57.56, the uptrend may extend to $60.29.

Published 04 Feb, 2021 11:15am

Markets

Oil climbs after OPEC+ maintains oil output cuts, US stock draw

Continued progress in rolling out COVID-19 vaccines is also an important driver of oil prices, OANDA's Moya said.

Published 04 Feb, 2021 10:21am

Markets

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 9.332...

Published 04 Feb, 2021 04:13am

Markets

US oil may retreat to $54.60 before rising

The resistance is identified as the 161.8% projection level of an upward wave C from $51.64. It triggered a wave 4, the fourth wave of the wave C.

Published 03 Feb, 2021 10:53am

Markets

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 12.788...

Published 03 Feb, 2021 04:35am

Markets

US oil producer ConocoPhillips fourth-quarter loss narrows

The company's adjusted loss shrank to $201 million, or 19 cents per share, in the fourth quarter ended Dec. 31, from $331 million, or 31 cents per share, in the third quarter.

Published 02 Feb, 2021 05:10pm

Markets

US oil may rise into $54.60-$55.10 range

The resistance is identified as the 100% projection level of an upward wave C from $51.64.

Published 02 Feb, 2021 10:08am

Markets

Brent oil may rise into $57.52-$58.01 range

The consolidation from the Jan. 13 high of $54.72 seems to have been shaped into a wedge, which has been confirmed as a bullish continuation pattern. It suggests a target around $58.01.

Published 02 Feb, 2021 10:05am

Markets

PMEX daily trading report

KARACHI: On Friday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 22.929...

Published 02 Feb, 2021 04:29am

Markets

Brent oil may fall to $54.35

The contract is testing an immediate support at $54.78.

Published 01 Feb, 2021 01:30pm

Markets

Average Dubai crude oil price rises to $54.772/bbl in Jan - source

The monthly averages for January for Dubai and Oman as quoted by Platts are indicated in the table. Middle East producers set their monthly official selling prices (OSPs) at premiums or discount to these averages.

Published 01 Feb, 2021 09:12am

POL products’ prices likely to go up from Feb 1

ISLAMABAD: The prices of petroleum products in Pakistan are likely to go up from February 1, 2021 in fortnightly...

Published 30 Jan, 2021 03:55am

Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 19.601...

Published 30 Jan, 2021 03:55am

Markets

Oil prices rangebound as supply cuts offset virus worries

The Brent March contract expires on Friday. The more active April contract was up 26 cents, or 0.5%, at $55.36.
US West Texas Intermediate (WTI) crude futures rose 3 cents, or 0.1%, to $52.37.

Published 29 Jan, 2021 06:07pm

Markets

US oil may retest support at $52.03

The consolidation from $53.93 has lasted so long that it raises some concern on whether the uptrend could remain steady. A break below $51.35 could signal a reversal of the trend.

Published 29 Jan, 2021 10:45am

Markets

Brent oil may break support at $55.17

The contract is highly likely to retest a support at $54.50, a break below which may cause a fall to $53.13.

Published 29 Jan, 2021 10:42am

Markets

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 18.552...

Published 29 Jan, 2021 04:55am

Markets

Asia's crude oil imports surge in January, and it's more than just China: Russell

However, there are some factors still worth watching, chief among them the levels of refined product exports from Asia's big four crude importers.

Published 28 Jan, 2021 10:54am

Markets

US oil may test resistance at $52.98

Support is at $52.39, a break below which could cause a fall to $52.03.

Published 28 Jan, 2021 10:10am

Markets

Brent oil may test support at $55.17

The break will be confirmed only when oil rises above the Wednesday high of $56.49.

Published 28 Jan, 2021 10:07am

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

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 9.904...

Published 28 Jan, 2021 04:40am

Markets

Pakistan LNG buys three cargoes for March delivery

Pakistan LNG, a government subsidiary that procures LNG from the international market, also bought one cargo from Qatar Petroleum Trading for delivery over March 24 to 25 at a slope rate of 12.7%, they said.

Published 27 Jan, 2021 02:24pm

Markets

US oil may retest resistance at $52.98

As long as the contract remains firm above a support at $52.34, the 23.6% retracement of the uptrend from $47.18 to $53.93, it may revisit the high of $53.93.

Published 27 Jan, 2021 10:12am

Markets

Brent oil may rise towards $56.73-$57.42 range

On the daily chart, oil failed twice to break a support at $54.50, the 261.8% projection level on the uptrend from $39.34. The failures suggest the formation of a double-bottom.

Published 27 Jan, 2021 10:09am

Markets

Libya oil output makes high-stake but fragile return

TRIPOLI: Oil cartel OPEC saw production rise in December, as Libya’s energy sector sprang back to life following a...

Published 27 Jan, 2021 04:59am

Markets

Oil prices tick up alongside European shares, Saudi blast reports

Blast heard in Saudi capital Riyadh, cause unclear.
Chemical, financial equities lift European indices.
Data suggests OPEC+ supply cut compliance improving.

Published 26 Jan, 2021 05:45pm

Markets

Brent oil may rise into $56.21-$56.64 range

Support is at $55.52, a break below which may cause a fall into $54.83-$55.18 range. On the daily chart, oil stabilised around a support at $54.50, the 261.8% projection level on the uptrend from $39.34.

Published 26 Jan, 2021 10:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

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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