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Coronavirus
VERY HIGH Source: covid.gov.pk
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7624hr
Pakistan Cases
1,020,324
4,49724hr
7.53% positivity
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Islamabad
86,602
KPK
142,799

Oil prices

Oil prices slip after rise in US crude oil stocks
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
Oil extends gains despite rise in US inventories
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
Oil track for big weekly drop as supply concerns mount
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
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