Trends - Oil prices - Business Recorder

Oil prices

Oil prices gain 1pc

NEW YORK: Oil prices rose one percent on Thursday, bolstered by strong US economic data that offset investors’...

Published 28 May, 2021 04:08am

Markets

Oil prices steady, boosted by U.S. economic data

The number of Americans filing new claims for unemployment benefits dropped more than expected last week, according to data from the U.S. Labor Department.

Published 28 May, 2021 12:12am

Markets

Oil prices dip on concerns about possible return of Iranian supply

US crude, gasoline stocks fall more than expected.
Summer demand outlook in US, Europe supports prices.
Market eyes upcoming OPEC+ meeting.

Published 27 May, 2021 08:31pm

Markets

Oil falls as Iranian supply prospect outweighs demand optimism

US crude stocks fall in latest week, sources say.
Iran official upbeat about nuclear talks.
US dollar near multi-month lows.

Published 26 May, 2021 07:34pm

Markets

European stocks dip tracking inflation fallout

Asia's main stock markets had closed with gains ahead of the open on Wall Street, while the dollar was mostly higher.

Published 26 May, 2021 05:43pm

Markets

Asia’s naphtha crack strengthens further

SINGAPORE: Asia’s naphtha crack rose on Tuesday for a second straight session, while the gasoline crack dipped...

Published 26 May, 2021 03:45am

Markets

Oil prices jump on view Iranian oil will not cause glut

NEW YORK: Oil prices rose on Monday as a demand bump fuelled by Covid-19 vaccination drives gave traders optimism...

Published 25 May, 2021 04:40am

Markets

Oil prices rise as storm forms in Gulf, doubts emerge on Iran deal

NHC says 60% chance of cyclone over western Gulf of Mexico.
Iran says IAEA access to nuclear sites images has ended.

Published 24 May, 2021 09:06am

Markets

Oil jumps on weather concerns in Gulf of Mexico

• Market braces for extra 1m bpd Iran supplies in H2 NEW YORK: Oil prices jumped 2% on Friday after three days of...

Published 22 May, 2021 04:05am

Markets

Oil jumps but set for weekly loss on Iran nuclear talks

Iran's Rouhani says US will lift sanctions.
Market braces for extra 1 mln bpd Iran supplies in H2.
Front-month prices set for biggest weekly loss since March.

Published 21 May, 2021 08:52pm

Markets

Oil to stay below $70/bbl if Iran sanctions lifted: Indian refiner HPCL

"There had been up and down movement (in oil prices) in the last four days between $70 and $65 depending on the discussions which are happening related to Iran and any positive movement on that should ease the crude prices on the lower side," HPCL chairman M. K Surana told an analyst call.

Published 21 May, 2021 04:47pm

BR Research

Policy rate: hide and seek

The SBP has picked more than the target in the latest T-Bill Auction and that is without any change (apart from 5 ...

Published 21 May, 2021 07:25am

Markets

Oil falls 2pc on possible return of Iranian supply

• India’s top refiner to buy Iranian oil if sanctions lifted • OPEC says IEA net-zero pathway could add to...

Published 21 May, 2021 05:04am

Markets

Oil falls with possible return of Iranian supply

US refined product demand ticking up.
Indian corona crisis weighs on demand outlook.
UBS sees oil price at $75/bbl in H2.

Published 20 May, 2021 08:35pm

Markets

Most Gulf markets slip; Dubai gains

DUBAI: Major Gulf markets ended lower on Wednesday, mirroring weak oil prices, while Dubai extended gains from the...