Trends - US oil - Business Recorder

US oil

US to release oil from reserves after OPEC+ rebuffs call for more crude

WASHINGTON: The United States said on Tuesday it would release 50 million barrels of oil from strategic reserves in ...

Published 23 Nov, 2021 05:48pm

Markets

India to release 5mn bbls oil from strategic reserves in coordination with other buyers

NEW DELHI: India will release 5 million barrels of oil from its strategic reserves in coordination with other buyers...

Published 23 Nov, 2021 05:46pm

Markets

Oil whipsaws, then steadies as energy crunch feeds volatility

NEW YORK: Oil prices steadied after whipsawing in a volatile session on Tuesday, as traders weighed the effect that...

Published 13 Oct, 2021 04:47am

Markets

US natural gas falls 4pc to 2-week low on mild weather, rising output

US natural gas futures fell 4pc to a two-week low on Monday on rising output and forecasts milder than normal ...

Published 12 Oct, 2021 12:49am

Markets

US oil giants to keep a lid on spending even as profits surge

NEW YORK: US oil giants ExxonMobil and Chevron reported strong profits Friday riding a wave of higher prices amid...

Published 01 Aug, 2021 04:46am

Markets

US oil may retest resistance at $74.14

The fall could also be interpreted as an accumulation of the bullish momentum to break a resistance at $74.89.

Published 30 Jun, 2021 11:12am

Markets

US oil may seek support at $71.96

On the daily chart, the correction is considered as an accumulation of the bullish momentum to break a resistance at $74.89.

Published 29 Jun, 2021 11:21am

Markets

US oil may test resistance at $72.70

The correction triggered by the resistance has almost been reversed.

Published 21 Jun, 2021 10:13am

Markets

US oil may retreat to $69.96 before rising

However, a pullback towards the triangle has not occurred yet. This pullback could be a hidden mine to explode around $71.93.

Published 14 Jun, 2021 12:31pm

Markets

Brent oil may test resistance at $72.71

A bullish wedge suggests a target around $75.

Published 09 Jun, 2021 12:24pm

Markets

US oil may rise to $71.28

A projection analysis reveals a higher target zone of $79.68-$84.47.

Published 07 Jun, 2021 11:44am

Markets

Brent oil may test resistance at $72.71

Support is at $71.38, a break below could cause a fall into $70.41-$70.95 range.

Published 07 Jun, 2021 11:40am

Markets

US oil may retreat to $67.57 before rising

On the daily chart, oil has broken a triangle which suggests a target around $75.

Published 04 Jun, 2021 10:55am

Markets

Brent oil may retreat to $69.87

On the daily chart, the break above a resistance at $70.75 turned out to be invalid. The contact could be pulling back towards the uptrend trendline of a wedge.

Published 04 Jun, 2021 10:54am

Markets

US oil may rise into $69.96-$71.28 range

A break below $68.99, now a support, may cause a fall limited to $67.57.

Published 03 Jun, 2021 12:12pm

Markets

US oil may retest resistance at $68.99

A break below $67.57 could open the way towards $66.42.

Published 02 Jun, 2021 12:14pm

Markets

US oil may retest support at $66.11

A break, however, could signal the continuation of the wave C towards $71.28.

Published 01 Jun, 2021 11:42am

Markets

US oil may retest support at $66.11

It is quite certain that the contract could break this zone and rise towards $71.93.

Published 31 May, 2021 11:42am

Markets

US oil may test resistance at $67.57

On the daily chart, oil has finally broken a resistance zone of $65.65 to $66.60.

Published 28 May, 2021 11:54am

Markets

US oil may fall to $64.71

It may experience the last correction before overcoming this strong barrier and rising towards $71.93.

Published 27 May, 2021 12:07pm

Markets

US oil may revisit May 18 high of $67.01

Support is at $65.59, a break below could cause a fall to $64.71. On the daily chart, oil has pierced into a resistance zone of $65.65 to $66.60.

Published 25 May, 2021 11:27am

Opinion

Oil drillers and Bitcoin miners bond over natural gas

On US oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads...

Published 22 May, 2021 04:05am

Markets

U.S. oil may rise to $64.71

In terms of duration or depth, the fall looks far from complete. Eventually, oil could drop to $62.13 again.

Published 20 May, 2021 01:02pm

Markets

US oil price sheds 5 percent after jump in stockpiles

European benchmark Brent North Sea crude shed 4.4 percent to $65.66.

Published 19 May, 2021 10:02pm

Markets

US oil neutral in $63.88-$65.45 range

The long-expected second correction may be developing towards $61.79, as indicated by a triangle.

Published 19 May, 2021 12:10pm

Markets

US oil may rise to $67.98

The second correction triggered by this zone looks too shallow, casting some shadow on the current rise.

Published 18 May, 2021 11:05am

Markets

US oil may retest support at $63.88

It is undergoing a second correction.

Published 17 May, 2021 12:01pm

Markets

US oil may retest support at $63.88

The current correction could complete around $61.79, as suggested by a possible triangle.

Published 12 May, 2021 12:30pm

Markets

US oil may fall to $62.62

A break above $65.45 could lead to a gain into $66.52-$67.98 range.

Published 11 May, 2021 12:28pm

Markets

US oil may rise to $66.52

On the daily chart, a resistance zone of $65.65-$66.60 triggered the second correction, which looks too shallow to complete.

Published 10 May, 2021 11:13am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Energy / Dec 1 Kohinoor Energy Limited(KOHE)	38.59 ▲ 2.69 (7.49%)
Pak Engineering / Dec 1 Pakistan Engineering Company Limited(PECO)	433.00 ▲ 27.01 (6.65%)
NBP PGETF / Dec 1 NBP Pakistan Growth Exchange Traded Fund(NBPGETF)	10.79 ▲ 0.54 (5.27%)
Pervez Ahmed Co / Dec 1 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.18 ▲ 0.05 (4.42%)
Kohat Cement / Dec 1 Kohat Cement Company Limited(KOHC)	188.89 ▲ 6.68 (3.67%)
Leather Up Ltd. / Dec 1 Leather Up Limited(LEUL)	14.50 ▲ 0.50 (3.57%)
Nishat Power / Dec 1 Nishat Power Limited(NPL)	18.49 ▲ 0.60 (3.35%)
Meezan PakistanXD / Dec 1 Meezan Pakistan ETF(MZNPETF)	9.10 ▲ 0.29 (3.29%)
P.I.A.C.(A) / Dec 1 Pakistan International Airlines Corp(PIAA)	4.32 ▲ 0.13 (3.10%)
Punjab Oil / Dec 1 Punjab Oil Mills Limited(POML)	185.00 ▲ 5.49 (3.06%)

Stock	Price
Pak TobaccoXD / Dec 1 Pakistan Tobacco Company Limited(PAKT)	1005.00 ▲ -77.45 (-7.16%)
Masood Textile / Dec 1 Masood Textile Mills Limited(MSOT)	44.02 ▲ -3.17 (-6.72%)
Jahangir Sidd(Pref) / Dec 1 Jahangir Sidd(Pref)(JSCLPSA)	8.35 ▲ -0.27 (-3.13%)
National Foods / Dec 1 National Foods Limited(NATF)	158.00 ▲ -1.55 (-0.97%)
Power Cement / Dec 1 Power Cement Limited(POWER)	6.76 ▲ -0.02 (-0.29%)
Nishat Mills Ltd / Dec 1 Nishat Mills Limited(NML)	90.27 ▲ -0.13 (-0.14%)
Mod.Al-Mali / Dec 1 Modaraba Al-Mali(MODAM)	10.40 ▲ -0.01 (-0.10%)
Pak Oilfields / Dec 1 Pakistan Oilfields Limited(POL)	355.51 ▲ -0.02 (-0.01%)
Allied Bank / Dec 1 Allied Bank Limited(ABL)	79.24 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 1 Abbott Laboratories (Pakistan) Limited(ABOT)	740.00 ▼ 0.00 (0.00%)

Stock	Volume
Fauji Food (R) / Dec 1 Fauji Food Limited (R)(FFLR1)	2,058,000 ▼ 0.00
Kot Addu Power / Dec 1 Kot Addu Power Company Limited(KAPCO)	1,935,000 ▼ 0.00
Telecard Limited / Dec 1 Telecard Limited(TELE)	1,147,500 ▼ 0.00
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	1,007,500 ▼ 0.00
Oil & Gas Dev. / Dec 1 Oil & Gas Development Company Limited(OGDC)	865,688 ▼ 0.00
Treet Corp / Dec 1 Treet Corporation Limited(TREET)	836,000 ▼ 0.00
TRG Pak Ltd / Dec 1 TRG Pakistan Limited(TRG)	805,988 ▼ 0.00
Maple Leaf / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	777,537 ▼ 0.00
F. Nat.Equities / Dec 1 First National Equities Limited(FNEL)	687,000 ▼ 0.00
P.S.O. / Dec 1 Pakistan State Oil Company Limited(PSO)	671,204 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	176.40
USD PKR Interbank Buying / Nov 30	176.20
USD to Japanese Yen / Nov 30	113.66
USD to Swiss Franc / Nov 30	0.92
Pound Sterling to USD / Nov 30	1.33
Euro to USD / Nov 30	1.13
UK LIBOR % / Nov 30	0.07

Stock	Volume
S&P 500 / Nov 30	4655.27
India Sensex / Nov 30	57260.58
Tokyo Nikkei / Nov 30	28605.38
Nasdaq / Nov 30	15782.84
Hang Seng / Nov 30	23694.33
FTSE 100 / Nov 30	7109.95
Dow Jones / Nov 30	35135.94
Germany DAX 30 / Nov 30	15280.86
France CAC40 / Nov 30	6776.25

Item	Value
Crude Oil / Nov 30	70.89
Karachi Cotton Assoc. / Nov 30	17680.00
Gold 10 Grams / Nov 30	101700.00
Gold Spot / Nov 30	1788.35
Cotton / Nov 30	109.70

US oil

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