Trends - Jim Ritterbusch - Business Recorder

Jim Ritterbusch

Oil rises as supply concerns outweigh reduced demand, recession risks

NEW YORK: Oil prices rose on Thursday, reversing earlier losses, as supply concerns and geopolitical tension in...

Published 13 May, 2022 05:59am

Markets

Oil rises above $78 on optimism about 2022 outlook

Oil rose above $78 a barrel on Monday, supported by tight supply, a strong U.S. dollar, and hopes of a further ...

Published 03 Jan, 2022 11:16pm

Markets

Oil prices slide as U.S. storm threat wanes

NEW YORK: Oil prices edged lower on Thursday, falling from a multi-week high a day earlier on profit taking and as...

Published 16 Sep, 2021 11:11pm

Markets

Oil down 1pc; pandemic surge, renewed Mexico supply end rally

NEW YORK: Oil fell about 1% on Thursday on renewed concerns over demand due to rising COVID-19 infections and as...

Published 27 Aug, 2021 04:52am

Markets

Oil down 1pc; pandemic surge, renewed Mexico supply end rally

Brent crude was down 53 cents, or 0.7 pc, at $71.47 a barrel by 1:25 p.m. EDT (1725 GMT). U.S. West Texas Intermediate oil declined 35 cents to $68.01 a barrel, snapping a three day rally.

Published 26 Aug, 2021 11:46pm

Markets

Oil jumps 5pc after 7 days of losses, boosted by weaker dollar

NEW YORK: Oil prices rose more than 5% on Monday, as a weaker dollar and strong global equities markets boosted ...

Published 24 Aug, 2021 05:02am

Markets

US natgas futures rebound as forecasts turn slightly warmer

CHICAGO: US natural gas futures rebounded on Friday as the weather outlook turned slightly warmer, potentially...

Published 21 Aug, 2021 04:21am

Markets

Oil heads for 7pc weekly slide as the Delta variant spreads

NEW YORK: Oil prices fell for a seventh straight session on Friday towards three-month lows as investors became less...

Published 21 Aug, 2021 04:21am

Markets

Oil rebounds on profit-taking as market shrugs off virus impact

NEW YORK: Oil prices rose 3% on Tuesday, largely driven by profit taking after more than a week's losses and...

Published 11 Aug, 2021 04:27am

Markets

Oil prices steady, on track for weekly gain

LONDON: Oil prices were little changed on Friday and were on track to post weekly gains, with demand growing faster...

Published 31 Jul, 2021 04:05am

Markets

Oil prices up 2pc on OPEC+ output, demand prospects

NEW YORK: Oil prices rose roughly 2% on Thursday on indications that OPEC+ producers could increase output more...

Published 02 Jul, 2021 04:20am

Markets

Oil settles up near 3-year highs on signs of demand growth

• OPEC+ meeting on July 1 could ease output curbs further NEW YORK: Oil prices steadied on Thursday, holding ...

Published 25 Jun, 2021 04:20am

Markets

Oil steadies near three-year highs on recovery signs

Brent rose 12 cents, or 0.2pc, to $75.31 a barrel by 12:28 p.m. EDT (1628 GMT), after earlier rising to $75.78. U.S. crude slipped 1 cent to $73.07 a barrel, after hitting a session high of $73.61 earlier.

Updated 24 Jun, 2021 11:37pm

Markets

Oil tumbles 3pc from multi-year highs on stronger dollar

Brent futures fell $2.07, or 2.8pc, to $72.32 a barrel by 12:22 p.m. EDT (1622 GMT), while U.S. crude fell $2.00, or 2.8pc, to $70.15.

Published 17 Jun, 2021 10:08pm

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 prices rise on nagging fears of fuel shortages

NEW YORK: Oil prices settled higher on Tuesday, as lingering fears of gasoline shortages due to an outage at the...

Published 12 May, 2021 04:23am

Markets

Oil edges higher as recovery support countered by Asia virus surge

U.S. energy firms cut the number of oil rigs operating for the first time since March, as rigs fell by one to 438 this week, according to energy services firm Baker Hughes Co.

Published 23 Apr, 2021 11:50pm

Markets

Oil flat as weaker dollar offsets surge in U.S. gasoline stocks

Brent futures rose 20 cents, or 0.3pc, to $63.36 a barrel by 11:43 a.m. EDT (1543 GMT), while U.S. West Texas Intermediate (WTI) crude rose 2 cents to $59.79.

Updated 09 Apr, 2021 12:08am

Markets

Oil settles up over $2 despite OPEC+ production cuts

• OPEC+ still has deep production cuts in place • New pandemic waves create uncertain demand outlook NEW YORK:...

Published 02 Apr, 2021 04:58am

Markets

U.S. natgas futures fall on projections for lower heating demand

Gas futures for April delivery on the New York Mercantile Exchange settled up 1.1pc at $2.586 per mmBtu on Monday.

Published 31 Mar, 2021 01:27am

Markets

Oil steadies near $70 on hopes of recovering demand

• US crude output to grow this year: JP Morgan says • OPEC sees stronger oil demand recovery in second half ...

Published 13 Mar, 2021 04:28am

Markets

Oil prices hover near 13-month highs

NEW YORK: Oil prices hovered near 13-month highs on Tuesday, supported by a deep freeze in the US South that shut...

Published 17 Feb, 2021 04:24am

Markets

Oil moves up on US stimulus hopes but demand fears persist

• Brent, US crude on track for weekly gains NEW YORK: Oil prices edged higher on Friday, buoyed by hopes for a US...

Published 13 Feb, 2021 04:11am

Markets

Oil extends rally to fresh 13-mth highs

NEW YORK: Oil prices extended their rally for a seventh session on Tuesday to hit fresh 13-month highs, supported by...

Published 10 Feb, 2021 04:12am

Markets

US natural gas soars to 11-week high

NEW YORK: US natural gas futures jumped over 5% to an 11-week high on Thursday on forecasts for much colder weather...

Published 07 Feb, 2021 04:07am

Markets

US natural gas jumps on colder weather

NEW YORK: US natural gas futures soared over 11% on Monday to a two-month high as a major winter snowstorm battered...

Published 03 Feb, 2021 04:35am

Markets

Oil touches fresh 11-month highs, shrugging off unrest in Washington

Brent crude rose 28 cents to $54.58 a barrel by 11:35 a.m. EST (1635 GMT) after touching $54.90, a fresh high not seen since before the first COVID-19 lockdowns in the West.

Published 07 Jan, 2021 11:59pm

Markets

Oil prices flat as U.S. stimulus counters weak demand

Oil remains vulnerable to any further setbacks in efforts to control the virus, Stephen Innes, chief global market strategist at Axi, said in a note.

Published 29 Dec, 2020 01:12am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jan 29 786 Investments Limited(786)	4.70 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jan 29 Al-Abbas Sugar Mills Limited(AABS)	377 ▼ 0.00 (0.00%)
Agro Allianz / Jan 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jan 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jan 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jan 29 Allied Bank Limited(ABL)	65 ▼ 0.00 (0.00%)
Abbott Lab. / Jan 29 Abbott Laboratories (Pakistan) Limited(ABOT)	348.44 ▼ 0.00 (0.00%)
Abson Ind. / Jan 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jan 29 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Jan 29 Attock Cement Pakistan Limited(ACPL)	55.56 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jan 29 786 Investments Limited(786)	4.70 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jan 29 Al-Abbas Sugar Mills Limited(AABS)	377 ▼ 0.00 (0.00%)
Agro Allianz / Jan 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jan 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jan 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jan 29 Allied Bank Limited(ABL)	65 ▼ 0.00 (0.00%)
Abbott Lab. / Jan 29 Abbott Laboratories (Pakistan) Limited(ABOT)	348.44 ▼ 0.00 (0.00%)
Abson Ind. / Jan 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jan 29 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Jan 29 Attock Cement Pakistan Limited(ACPL)	55.56 ▼ 0.00 (0.00%)

Stock	Volume
Pak Refinery / Jan 29 Pakistan Refinery Limited(PRL)	14,225,354 ▼ 0.00
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	13,167,971 ▼ 0.00
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	12,526,831 ▼ 0.00
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	9,891,019 ▼ 0.00
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	9,686,092 ▼ 0.00
Hub Power Co. / Jan 29 The Hub Power Company Limited(HUBC)	8,819,700 ▼ 0.00
Habib Bank / Jan 29 Habib Bank Limited(HBL)	8,556,359 ▼ 0.00
Engro Polymer / Jan 29 Engro Polymer & Chemicals Limited(EPCL)	6,713,796 ▼ 0.00
Maple Leaf Cement / Jan 29 Maple Leaf Cement Factory Limited(MLCF)	5,509,833 ▼ 0.00
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	5,393,473 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 27	265
USD PKR Interbank Buying / Jan 27	263
USD to Japanese Yen / Jan 27	129.88
USD to Swiss Franc / Jan 27	0.92
Pound Sterling to USD / Jan 27	1.24
Euro to USD / Jan 27	1.09
UK LIBOR % / Jan 27	4.31

Stock	Volume
S&P 500 / Jan 27	4070.56
India Sensex / Jan 27	59330.90
Tokyo Nikkei / Jan 27	27382.56
Nasdaq / Jan 27	11621.71
Hang Seng / Jan 27	22688.90
FTSE 100 / Jan 27	7765.15
Dow Jones / Jan 27	33978.08
Germany DAX 30 / Jan 27	15150.03
France CAC40 / Jan 27	7097.21

Item	Value
Crude Oil USD/Barrel / Jan 27	79.68
Karachi Cotton PKR/37.32 KG / Jan 27	20235
Gold 10 Grams PKR / Jan 27	173610
Gold Spot USD/Ounce / Jan 27	1928.04
Cotton US¢/pound / Jan 27	86.89

Jim Ritterbusch

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