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Jim Ritterbusch

Oil rises as supply concerns outweigh reduced demand, recession risks

Published 13 May, 2022 05:59am

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

Oil rises above $78 on optimism about 2022 outlook

Published 03 Jan, 2022 11:16pm

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

Oil prices slide as U.S. storm threat wanes

Published 16 Sep, 2021 11:11pm

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

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

Published 27 Aug, 2021 04:52am

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

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

Published 26 Aug, 2021 11:46pm

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.

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

Published 24 Aug, 2021 05:02am

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

US natgas futures rebound as forecasts turn slightly warmer

Published 21 Aug, 2021 04:21am

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

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

Published 21 Aug, 2021 04:21am

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

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

Published 11 Aug, 2021 04:27am

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

Oil prices steady, on track for weekly gain

Published 31 Jul, 2021 04:05am

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

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

Published 02 Jul, 2021 04:20am

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

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

Published 25 Jun, 2021 04:20am

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

Oil steadies near three-year highs on recovery signs

Updated 24 Jun, 2021 11:37pm

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.

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

Published 17 Jun, 2021 10:08pm

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.

Oil prices dip on profit-taking

Published 08 Jun, 2021 04:09am

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

Oil prices rise on nagging fears of fuel shortages

Published 12 May, 2021 04:23am

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

Oil edges higher as recovery support countered by Asia virus surge

Published 23 Apr, 2021 11:50pm

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.

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

Updated 09 Apr, 2021 12:08am

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.

Oil settles up over $2 despite OPEC+ production cuts

Published 02 Apr, 2021 04:58am

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

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

Published 31 Mar, 2021 01:27am

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

Oil steadies near $70 on hopes of recovering demand

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.

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

Published 29 Dec, 2020 01:12am

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.

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
FTSE 100 / Jul 20	10,524.76
Dow Jones / Jul 20	51,839.26
Germany DAX 30 / Jul 20	24,846.69
France CAC40 / Jul 20	8,340.11
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	506.46 ▲ 46.04 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)
Leather Up Ltd. / Jul 21 Leather Up Limited(LEUL)	50.58 ▲ 4.6 (10%)
National Silk / Jul 21 The National Silk & Rayon Mills Limited(NSRM)	329.37 ▲ 29.94 (10%)
Suhail Jute / Jul 21 Suhail Jute Mills Limited(SUHJ)	270.97 ▲ 24.63 (10%)
Reliance Weaving / Jul 21 Reliance Weaving Mills Limited(REWM)	194.02 ▲ 17.64 (10%)

Stock	Price
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.60 ▼ -5.44 (-9.71%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.80 ▼ -8.03 (-9.14%)
Imperial Limited / Jul 21 Imperial Limited(IML)	22.20 ▼ -1.81 (-7.54%)
D.M. Corporation / Jul 21 D.M. Corporation Limited(DMC)	185.26 ▼ -12.27 (-6.21%)
Maqbool Textile / Jul 21 Maqbool Textile Mills Limited(MQTM)	31.40 ▼ -2.03 (-6.07%)
Adamjee Life Assur. / Jul 21 Adamjee Life Assurance Company Limited(ALIFE)	30.76 ▼ -1.72 (-5.3%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	23.83 ▼ -1.28 (-5.1%)
Arpak Int. / Jul 21 Arpak International Investments Ltd.(ARPAK)	133 ▼ -6.93 (-4.95%)
Fateh Ind. / Jul 21 Fateh Industries Limited(FIL)	365.11 ▼ -18.06 (-4.71%)
Quetta Textile / Jul 21 Quetta Textile Mills Limited(QUET)	16.28 ▼ -0.8 (-4.68%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	59,789,209 ▲ 0.23
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	21,533,616 ▲ 0.49
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	16,601,638 ▲ 0.1
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	13,957,701 ▲ 2.83
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	11,458,688 ▲ 0.91
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	6,885,042 ▲ 0.01
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	5,216,981 ▲ 0.19
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	4,899,110 ▼ -8.03
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	3,762,140 ▲ 0.89
Wasl Mobility Mod. / Jul 21 Wasl Mobility Modaraba(WASL)	3,620,593 ▲ 0.29

Jim Ritterbusch

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