Trends - Crude Oil - Business Recorder

Crude Oil

US crude stocks down, fuel inventories rise: EIA

Crude inventories fell by 5.2 million barrels in the week to June 4 to 474 million barrels.
Futures pared gains after the report. US crude was up 28 cents to $70.33 a barrel.

Published 09 Jun, 2021 08:35pm

Markets

Brent oil benchmark hits 2-year high, WTI highest since 2018

Top US diplomat sees hundreds of sanctions on Iran to remain.
API shows drawdown in US crude stocks; EIA data due later Wed.
Oil demand expected to grow in H2 as lockdowns ease.

Published 09 Jun, 2021 06:28pm

Markets

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 11.521...

Published 09 Jun, 2021 03:29am

Markets

Oil prices retreat but outlook remains positive

As oil is priced in dollars, a stronger greenback makes crude more expensive for buyers with other currencies.
China's crude imports were down 14.6% in May on a yearly basis also weighed on prices.

Published 08 Jun, 2021 09:02pm

Markets

Oil prices dip on profit-taking

• US crude touches $70/bbl for first time since October 2018 • Brent hits $72.27, highest since May 2019 •...

Published 08 Jun, 2021 04:09am

Markets

Oil eases on Iran concern after hitting two-year high above $72

US crude touches $70 for first time since October 2018.
Brent hits $72.27, highest since May 2019.
Iran, world powers to resume talks on June 10.

Published 07 Jun, 2021 06:12pm

Markets

Oil eases as investors await Iran nuclear talks this week

Analysts expect Iran, which is having its presidential election on June 18, to increase its production by 500,000 to 1 million barrels per day once sanctions are lifted.

Published 07 Jun, 2021 11:52am

Markets

US oil may rise to $71.28

A projection analysis reveals a higher target zone of $79.68-$84.47.

Published 07 Jun, 2021 11:44am

Opinion

Venezuelan oil, masked as Malaysian, rushes into China before fuel tax

Traders are racing to deliver record volumes of Venezuelan crude oil masked as Malaysian bitumen blend to China,...

Published 05 Jun, 2021 04:08am

Markets

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 4, 2021)....

Published 05 Jun, 2021 04:08am

Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 16.710...

Published 05 Jun, 2021 04:08am

Markets

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

Gainers
Losers
Leaders

Stock	Price
786 Investments / Sep 22 786 Investments Limited(786)	9.12 ▼ 0.00 (0.00%)
AL- Abbas / Sep 22 Al-Abbas Sugar Mills Limited(AABS)	309.00 ▼ 0.00 (0.00%)
Agro Allianz / Sep 22 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 22 Allied Bank Limited(ABL)	69.61 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 22 Abbott Laboratories (Pakistan) Limited(ABOT)	753.15 ▼ 0.00 (0.00%)
Abson Ind. / Sep 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Sep 22 Attock Cement Pakistan Limited(ACPL)	138.59 ▼ 0.00 (0.00%)
Adam Sugar / Sep 22 Adam Sugar Mills Limited(ADAMS)	33.77 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Sep 22 786 Investments Limited(786)	9.12 ▼ 0.00 (0.00%)
AL- Abbas / Sep 22 Al-Abbas Sugar Mills Limited(AABS)	309.00 ▼ 0.00 (0.00%)
Agro Allianz / Sep 22 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 22 Allied Bank Limited(ABL)	69.61 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 22 Abbott Laboratories (Pakistan) Limited(ABOT)	753.15 ▼ 0.00 (0.00%)
Abson Ind. / Sep 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Sep 22 Attock Cement Pakistan Limited(ACPL)	138.59 ▼ 0.00 (0.00%)
Adam Sugar / Sep 22 Adam Sugar Mills Limited(ADAMS)	33.77 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 22	168.60
USD PKR Interbank Buying / Sep 22	168.50
USD to Japanese Yen / Sep 22	109.14
USD to Swiss Franc / Sep 22	0.92
Pound Sterling to USD / Sep 22	1.37
Euro to USD / Sep 22	1.17
UK LIBOR % / Sep 22	0.07

Stock	Volume
S&P 500 / Sep 22	4354.19
India Sensex / Sep 22	59005.27
Tokyo Nikkei / Sep 22	29839.71
Nasdaq / Sep 22	14746.40
Hang Seng / Sep 22	24221.54
FTSE 100 / Sep 22	6980.98
Dow Jones / Sep 22	33919.84
Germany DAX 30 / Sep 22	15348.53
France CAC40 / Sep 22	6552.73

Item	Value
Crude Oil / Sep 22	70.76
Karachi Cotton Assoc. / Sep 22	13280.00
Gold 10 Grams / Sep 22	94700.00
Gold Spot / Sep 22	1775.00
Cotton / Sep 22	90.03

Crude Oil

US crude stocks down, fuel inventories rise: EIA

Brent oil benchmark hits 2-year high, WTI highest since 2018

PMEX daily trading report

Oil prices retreat but outlook remains positive

Oil prices dip on profit-taking

Oil eases on Iran concern after hitting two-year high above $72

Oil eases as investors await Iran nuclear talks this week

US oil may rise to $71.28

Venezuelan oil, masked as Malaysian, rushes into China before fuel tax

Shipping Intelligence

PMEX daily trading report

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

Oil extends gains on OPEC+ discipline and demand hopes

US crude stockpiles fell in latest week: EIA

Oil steady after sharp rise on improved demand picture

Brent oil targets $72.71

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

Palm oil imports keep rising

Brent oil may retest resistance at $71.38

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

Brent oil biased to retest support at $68.66

Oil trades near $70 a barrel on improving demand outlook

Brent oil may test support at $68.66

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

Oil inches higher as upbeat demand outlook counters supply concerns

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

US oil may test resistance at $67.57

Oil prices dip on concerns about possible return of Iranian supply

PMEX daily trading report

Oil falls as Iranian supply prospect outweighs demand optimism

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