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2524hr
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Crude Oil

US crude stockpiles fell in latest week: EIA
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
Brent oil targets $72.71
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

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
Oil near one-week high as prospect of Iran glut wanes
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
Nigeria’s oil exports drop
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
US oil may test support at $60.98
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
PMEX daily trading report
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
Brent oil may bounce to $67.89
Markets

Brent oil may bounce to $67.89

  • The pattern from the March 8 high of $71.38 may turn out to be double-top or a flat or a triangle. It is still too early to confirm any of them.
Published 20 May, 2021 01:01pm