Trends - US oil - Business Recorder

US oil

Oil prices up on big storage withdrawal

NEW YORK: Oil prices edged up about 1% on Thursday on a bigger-than-expected withdrawal from US inventories and a...

Published 06 Sep, 2024 07:04am

Markets

Oil climbs 3pc as Libya output cuts further supply concerns

HOUSTON: Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from...

Published 27 Aug, 2024 06:44am

Markets

Oil climbs $2/barrel

HOUSTON: US light crude oil gained more than $2 a barrel on Friday after comments by US Federal Reserve Chair Jerome...

Published 24 Aug, 2024 06:23am

Markets

Oil falls on China demand fears

HOUSTON: Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a...

Published 28 Jul, 2024 06:49am

Markets

Oil prices slip after US crude hub escapes serious storm damage

NEW YORK: Oil prices eased on Tuesday after traders learned that prolonged supply disruptions from Hurricane Beryl...

Published 10 Jul, 2024 03:14am

Markets

Oil prices rise after positive US economic data

LONDON: Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilising U.S. job market,...

Updated 16 May, 2024 07:37pm

Markets

Oil prices gain

NEW YORK: Crude prices edged up on Wednesday from a two-month low in the prior session as the market balanced...

Published 16 May, 2024 06:28am

Markets

Oil prices rise

NEW YORK: Oil prices edged higher on Wednesday after US oil storage data showed a larger-than-expected draw in crude...

Published 09 May, 2024 03:11am

Markets

Norway oil workers agree to wage deal, averting strike

OSLO: Wage talks between Norwegian oil firms and three labour unions ended in a deal on Wednesday, industry and...

Published 08 May, 2024 10:58am

Markets

Oil slides on rising US stockpiles, strong dollar

LONDON: Oil prices fell on Wednesday as industry data showed a rise in crude and fuel inventories in the U.S. and as...

Updated 08 May, 2024 05:01pm

Markets

Oil slides as easing supply concerns overshadow ME tensions

NEW YORK: Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of...

Published 08 May, 2024 07:33am

Markets

US crude oil production down in Jan

HOUSTON: US crude oil production dropped in January to 12.533 million barrels per day (bpd), a 6% decline from...

Published 30 Mar, 2024 06:39am

Business & Finance

Exxon-Pioneer tie up could squeeze US shale oil suppliers, pipelines

HOUSTON: Top US oil producer Exxon Mobil’s planned acquisition of the No. 1 Permian shale producer Pioneer Natural...

Published 10 Oct, 2023 06:19am

Markets

Oil climbs as risk appetite grows, focus returns to supply outlook

LONDON: Oil prices climbed $1 on Monday after suffering losses at the end of last week, as investors’ focus returned...

Updated 02 Oct, 2023 05:43pm

Markets

Oil settles lower but ends quarter up 28pc on tight supply

NEW YORK: Oil prices settled 1% lower on Friday due to macroeconomic concerns and profit taking, but rose about 30%...

Published 02 Oct, 2023 06:33am

Markets

Oil prices steady around 10-month highs

NEW YORK: The benchmark oil price was little changed on Monday, holding above the $90 a barrel reached last week for...

Published 12 Sep, 2023 06:22am

Markets

Oil edges up on prospect of extended OPEC+ supply cuts

NEW YORK: Oil prices edged higher on Monday on expectations that OPEC+ would keep supplies tight and speculation...

Updated 04 Sep, 2023 09:09pm

Markets

Oil rises to highest in over seven months on supply worries

NEW YORK: Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, ...

Published 04 Sep, 2023 06:21am

Markets

Oil rises as Hurricane Idalia threatens to hit tight supplies

BENGALURU: Oil prices edged higher on Tuesday as Hurricane Idalia intensified as it headed towards Florida’s Gulf...

Published 30 Aug, 2023 03:33am

Markets

Oil drops over 1% on worries about Chinese economy

NEW YORK: Oil prices fell over 1% on Tuesday on sluggish Chinese economic data coupled with fears that Beijing’s...

Updated 15 Aug, 2023 08:33pm

Markets

Oil dips further as China worries counter supply cuts

HOUSTON: Oil prices dipped on Monday as concerns about China’s faltering economic recovery and a stronger dollar...

Published 15 Aug, 2023 06:30am

Markets

Oil prices rise as US inventory data reflect robust demand

LONDON: Oil prices surged on Wednesday, trading near their highest levels since April, buoyed by crude and fuel...

Updated 02 Aug, 2023 03:35pm

Markets

Oil dips on stronger dollar, signs of profit-taking

HOUSTON: Oil prices edged lower on Tuesday on a stronger dollar and signs of profit-taking, after rallying in July...

Published 02 Aug, 2023 06:47am

Markets

Oil dips on demand worries as more rate hikes likely

HOUSTON: Oil prices fell on Friday, headed for a weekly decline as traders worried interest rate hikes could sap...

Published 26 Jun, 2023 06:38am

Markets

US oil may retrace into $69.82-$70.25 range before rising

SINGAPORE: US oil may retrace into a range of $69.82-$70.25 per barrel, as suggested by a rising channel. The rise...

Published 19 Jun, 2023 09:42am

Markets

Oil falls amid China growth uncertainties

LONDON: Oil prices eased on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh...

Updated 19 Jun, 2023 06:52pm

Markets

Oil gains for the week as supply cuts balance demand concerns

NEW YORK: Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices,...

Published 19 Jun, 2023 06:55am

Markets

Oil heads for weekly gain as supply cuts balance demand concerns

NEW YORK: Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply...

Updated 16 Jun, 2023 08:28pm

Markets

Oil futures up 3pc on strong China refinery data

HOUSTON: Oil prices gained about 3 % to a one-week high on Thursday as the US dollar weakened and data showed a jump...

Published 16 Jun, 2023 06:27am

Markets

US oil may fall into $67.03-$68.12 range

SINGAPORE: US oil may break a support at $68.93 per barrel, and fall into $67.03-$68.12 range. The bounce from the...

Published 12 Jun, 2023 10:19am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 31	277.92
USD PKR Interbank Buying / Oct 31	277.72
USD to Japanese Yen / Oct 31	152.20
USD to Swiss Franc / Oct 31	0.86
Pound Sterling to USD / Oct 31	1.30
Euro to USD / Oct 31	1.09

Stock	Volume
S&P 500 / Oct 30	5,813.67
Nasdaq / Oct 30	18,607.93
Dow Jones / Oct 30	42,141.54
India Sensex / Oct 31	79,453.59
Tokyo Nikkei / Oct 31	39,081.25
Hang Seng / Oct 31	20,382.25
FTSE 100 / Oct 31	8,105.12
Germany DAX 30 / Oct 31	19,158.33

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Crude Oil USD/Barrel / Oct 31	69
Gold Spot USD/Ounce / Oct 31	2,781.74
Cotton US¢/pound / Oct 31	69.77
Petrol/Litre / Nov 1	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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