Trends - Oil prices - Business Recorder

Oil prices

Oil nears $75 as US inventory drop counters virus concerns

API reports 4.7 million barrel drop in US crude inventories
Oil supply set to remain tight despite OPEC+ hike-analyst

Published 28 Jul, 2021 08:01pm

Markets

Oil prices gain on US fuel drawdown despite rising COVID-19 cases

On gasoline stocks, analysts had expected a 900,000 barrel decline drop in the week to July 23

Published 28 Jul, 2021 12:08pm

Markets

Most Gulf markets firm on higher oil prices

DUBAI: Most stock markets in the Gulf ended higher on Tuesday, mirroring a rise in oil prices, with the Abu Dhabi...

Published 28 Jul, 2021 04:45am

Markets

Rising oil prices lift Mexico, Colombian currencies; Latam stocks fall

Brazil's Bovespa lost 0.8%, with iron ore miner Vale the biggest drag as prices for the steel-making ingredient slumped 2.8%.

Published 27 Jul, 2021 08:16pm

Markets

Oil steadies in undersupplied market but Covid cases weigh

NEW YORK: Oil prices steadied on Monday after a choppy session as the spread of the COVID-19 Delta variant stoked...

Published 27 Jul, 2021 04:40am

Markets

Oil slips but set to end week steady on tight supply

LONDON: Oil slipped further below $74 a barrel on Friday but was on track to end the week little changed after a...

Published 24 Jul, 2021 04:27am

Markets

Oil slips but heads for steady week on supply tightness

Brent crude futures fell 7 cents, or 0.1%, to $73.72 a barrel at 0147 GMT, after jumping 2.2% on Thursday

Published 23 Jul, 2021 10:44am

Markets

Oil prices slip after rise in US crude oil stocks

"Volatility in energy remains elevated as traders grapple with short-term demand weakness from Delta variant concerns and expectations the crude deficits will last till the end of the year," said Edward Moya, senior analyst at OANDA.

Published 22 Jul, 2021 01:24pm

Markets

Palm extends losses on weak soy prices, export data

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market

Published 22 Jul, 2021 11:08am

Markets

Oil extends gains despite rise in US inventories

Brent crude futures had gained $2.13, or 3.1%, to $71.48 a barrel
US crude stocks rose by 806,000 barrels for the week that ended July 16, according to two market sources, citing American Petroleum Institute figures.

Published 21 Jul, 2021 07:18pm

Covid-19 surge drives down shares, bond yields; oil plunges

NEW YORK: Stocks on Wall Street fell around 2% on Monday, as a rise in worldwide coronavirus cases and deaths drove...

Published 20 Jul, 2021 06:33am

Markets

VLSFO retreats from multi-month highs

SINGAPORE: Asia's 0.5percent very low-sulphur fuel oil (VLSFO) cash premiums and front-month time-spreads slipped on...

Published 20 Jul, 2021 04:14am

Markets

Global markets sink on resurgent virus fears

LONDON: World stocks sank Monday as the spreading Delta virus variant fuelled fears it could undermine the economic...

Published 19 Jul, 2021 08:43pm

Markets

Oil falls $2 after OPEC+ producers agree to raise output

Brent crude was down $1.92, or 2.6%, at $71.67 a barrel
"Longer-term, free and additional production capacities from OPEC+ countries are the key reason why we see oil moving lower again"

Published 19 Jul, 2021 04:32pm

Markets

Asia’s VLSFO crack near 2-week high

SINGAPORE: Asia’s front-month 0.5% very low-sulphur fuel oil (VLSFO) crack climbed to a near two-week high of...

Published 17 Jul, 2021 04:21am

Markets

Oil track for big weekly drop as supply concerns mount

Brent crude was down 82 cents, or 1.1%, at $72.65 a barrel, heading for a 3.8% fall this week.
Saudi Arabia and the UAE reached a compromise this week, paving the way for OPEC+ producers to finalise a deal to increase production.

Published 16 Jul, 2021 09:05pm

Markets

India's June oil imports hit their lowest in 9 months

June imports fall about 7% on-month to 3.9m bpd
High fuel inventories curb India's crude imports
April-June imports rise 11.7% year-on-year

Published 16 Jul, 2021 02:14pm

Markets

Oil heads for biggest weekly drop since March as supply worries mount

Brent crude for September was down 2 cents at $73.45 a barrel by 0338 GMT and is heading for a 3% fall this week after two days of heavy declines.

Published 16 Jul, 2021 10:28am

Markets

Asia’s naphtha cracks mixed

SINGAPORE: Asia’s naphtha crack dipped on Thursday, while gasoline crack rose amid a drop in oil prices. The...

Published 16 Jul, 2021 04:34am

Markets

Oil prices sink again, as investors look out for more supply

Saudi Arabia and UAE reach compromise on oil supply Investors focus on rising US product inventories Several banks...

Published 16 Jul, 2021 04:34am

Markets

Wall Street dips as earnings gather pace, jobless claims fall

Netflix rises as UBS hikes price target.
UnitedHealth up on raising 2021 profit view.
Indexes down: Dow 0.30%, S&P 0.30%, Nasdaq 0.34%.

Published 15 Jul, 2021 08:15pm

Markets

OPEC sees world oil demand reaching pre-pandemic level in 2022

Oil demand seen at 99.86 million bpd in 2022, similar to 2019

Updated 15 Jul, 2021 10:03pm

Markets

Oil falls 1% on prospect of more supplies

Saudi, UAE reach compromise to unlock more oil supply
US crude stockpiles fall for eighth week in a row
US fuel stocks rose despite reduced refinery output

Published 15 Jul, 2021 09:39am

Opinion

Global edible oil prices

Federal Finance Minister Shaukat Tarin is said to have directed the Ministry of Industries and Production, the...

Published 15 Jul, 2021 04:03am

Markets

Oil slides over 2pc after top oil producers near compromise

NEW YORK: Oil prices dropped more than 2% Wednesday after major global oil producers came to a compromise about...

Published 15 Jul, 2021 04:03am

Markets

Oil prices fall as China crude import data weighs

Brent crude was down 38 cents, or 0.5%, at $76.11 a barrel by 0820 GMT.
West Texas Intermediate was off by 46 cents, or 0.6%, at $74.79 a barrel.

Published 14 Jul, 2021 03:29pm

Markets

Oil rises nearly 2pc as investors size up tight market

NEW YORK: Oil prices gained almost 2% on Tuesday after the International Energy Agency said the market should expect...

Published 14 Jul, 2021 03:59am

Markets

Oil climbs on expected further draw in US crude inventories

US crude and gasoline stockpiles seen falling last week
OPEC+ yet to make progress in resolving impasse, sources say
WHO says deaths were again rising from the COVID-19 pandemic

Updated 13 Jul, 2021 10:03am

Markets

Oil prices slip as economic fears offset tightening crude supplies

NEW YORK: Oil slumped on Monday over concerns about spreading Covid-19 variants derailing the global economic...

Published 13 Jul, 2021 03:22am

Markets

Oil prices rise over 2pc as US inventories decline

NEW YORK: Oil prices rose for a second day on Friday as the market reacted to falling US inventories. Signs of...

Published 10 Jul, 2021 03:42am

Gainers
Losers
Leaders

Stock	Price
Security Bank / Jul 29 Security Investment Bank Limited(SIBL)	7.35 ▲ 0.91 (14.13%)
S.G. Power Ltd. / Jul 29 S.G. Power Limited(SGPL)	4.96 ▲ 0.54 (12.22%)
Dewan Farooque Motors / Jul 29 Dewan Farooque Motors Limited(DFML)	11.68 ▲ 1.00 (9.36%)
Ghazi Fab. / Jul 29 Ghazi Fabrics International Limited(GFIL)	13.60 ▲ 1.00 (7.94%)
Arpak Int. / Jul 29 Arpak International Investments Ltd.(ARPAK)	87.09 ▲ 6.07 (7.49%)
Sardar Chemical / Jul 29 Sardar Chemical Industries Limited(SARC)	38.19 ▲ 2.66 (7.49%)
Maqbool Tex. / Jul 29 Maqbool Textile Mills Limited(MQTM)	35.78 ▲ 2.49 (7.48%)
Shahtaj Sug. / Jul 29 Shahtaj Sugar Mills Limited(SHJS)	57.03 ▲ 3.97 (7.48%)
Sapphire Fib. / Jul 29 Sapphire Fibres Limited(SFL)	924.00 ▲ 64.00 (7.44%)
Leiner Gelatine / Jul 29 Leiner Pak Gelatine Limited(LPGL)	26.61 ▲ 1.84 (7.43%)

Stock	Price
SME Leasing Ltd. / Jul 29 SME Leasing Limited(SLL)	2.97 ▲ -0.97 (-24.62%)
Image Pakistan / Jul 29 Image Pakistan Limited(IMAGE)	27.91 ▲ -6.29 (-18.39%)
Saudi Pak Leas. / Jul 29 Saudi Pak Leasing Company Limited(SPLC)	2.35 ▲ -0.24 (-9.27%)
Gatron Ind. / Jul 29 Gatron (Industries) Limited(GATI)	520.78 ▲ -42.22 (-7.50%)
Dawood Equities / Jul 29 Dawood Equities Limited(DEL)	19.68 ▲ -1.59 (-7.48%)
ECOPACK / Jul 29 Ecopack Limited(ECOP)	35.13 ▲ -2.83 (-7.46%)
TPL Ins. / Jul 29 TPL Insurance Limited(TPLI)	37.35 ▲ -2.99 (-7.41%)
Khairpur / Jul 29 Khairpur Sugar Mills Limited(KPUS)	65.71 ▲ -5.19 (-7.32%)
Jubilee Sp. / Jul 29 Jubille Spinning & Weaving Mills Limited(JUBS)	7.21 ▲ -0.54 (-6.97%)
First AL-Noor Mod. / Jul 29 First Al-Noor Modaraba(FANM)	3.50 ▲ -0.25 (-6.67%)

Stock	Volume
Byco Petroleum / Jul 29 Byco Petroleum Pakistan Limited(BYCO)	37,620,500 ▼ 0.00
Worldcall / Jul 29 Worldcall Telecom Limited(WTL)	35,183,500 ▼ 0.00
Unity Foods / Jul 29 Unity Foods Limited(UNITY)	11,957,564 ▼ 0.00
Aisha Steel / Jul 29 Aisha Steel Mills Limited(ASL)	7,372,000 ▼ 0.00
Hum Network / Jul 29 Hum Network Limited(HUMNL)	6,640,000 ▼ 0.00
TPL Corp / Jul 29 TPL Corp Limited(TPL)	5,879,000 ▼ 0.00
TRG Pakistan / Jul 29 TRG Pakistan Limited(TRG)	5,857,586 ▼ 0.00
Silkbank / Jul 29 Silkbank Limited(SILK)	5,765,500 ▼ 0.00
Telecard Ltd. / Jul 29 Telecard Limited(TELE)	5,474,000 ▼ 0.00
Hascol Petroleum / Jul 29 Hascol Petroleum Limited(HASCOL)	5,156,227 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 29	162.00
USD PKR Interbank Buying / Jul 29	161.90
USD to Japanese Yen / Jul 29	109.85
USD to Swiss Franc / Jul 29	0.91
Pound Sterling to USD / Jul 29	1.39
Euro to USD / Jul 29	1.18
UK LIBOR % / Jul 29	0.08

Stock	Volume
S&P 500 / Jul 29	4400.64
India Sensex / Jul 29	52443.71
Tokyo Nikkei / Jul 29	27725.72
Nasdaq / Jul 29	14762.59
Hang Seng / Jul 29	25473.88
FTSE 100 / Jul 29	7016.63
Dow Jones / Jul 29	34930.93
Germany DAX 30 / Jul 29	15570.36
France CAC40 / Jul 29	6609.31

Item	Value
Crude Oil / Jul 29	72.32
Karachi Cotton Assoc. / Jul 29	13080.00
Gold 10 Grams / Jul 29	94050.00
Gold Spot / Jul 29	1810.11
Cotton / Jul 29	90.52

Oil prices

Oil nears $75 as US inventory drop counters virus concerns

Oil prices gain on US fuel drawdown despite rising COVID-19 cases

Most Gulf markets firm on higher oil prices

Rising oil prices lift Mexico, Colombian currencies; Latam stocks fall

Oil steadies in undersupplied market but Covid cases weigh

Oil slips but set to end week steady on tight supply

Oil slips but heads for steady week on supply tightness

Oil prices slip after rise in US crude oil stocks

Palm extends losses on weak soy prices, export data

Oil extends gains despite rise in US inventories

Covid-19 surge drives down shares, bond yields; oil plunges

VLSFO retreats from multi-month highs

Global markets sink on resurgent virus fears

Oil falls $2 after OPEC+ producers agree to raise output

Asia’s VLSFO crack near 2-week high

Oil track for big weekly drop as supply concerns mount

India's June oil imports hit their lowest in 9 months

Oil heads for biggest weekly drop since March as supply worries mount

Asia’s naphtha cracks mixed

Oil prices sink again, as investors look out for more supply

Wall Street dips as earnings gather pace, jobless claims fall

OPEC sees world oil demand reaching pre-pandemic level in 2022

Oil falls 1% on prospect of more supplies

Global edible oil prices

Oil slides over 2pc after top oil producers near compromise

Oil prices fall as China crude import data weighs

Oil rises nearly 2pc as investors size up tight market

Oil climbs on expected further draw in US crude inventories

Oil prices slip as economic fears offset tightening crude supplies

Oil prices rise over 2pc as US inventories decline

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