Oil on track for biggest monthly gains in over a year LONDON: Oil prices were set to post their biggest monthly gains in more than a year on Monday, on expectations that... Updated 31 Jul, 2023 05:58pm
Markets Oil climbs close to April peak on tighter supply LONDON: Oil climbed almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness... Updated 27 Jul, 2023 01:48pm
Markets Oil dips ahead of Fed rate decision LONDON: Oil prices slipped on Wednesday, with investors cautious ahead of an expected Federal Reserve rate hike... Updated 26 Jul, 2023 05:10pm
Markets Oil prices rise as tight supply counters expected rate hikes LONDON: Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well... Updated 24 Jul, 2023 05:46pm
Markets Oil prices up 2% to 10-week high on weaker US dollar, rising demand forecasts NEW YORK: Oil prices jumped about 2% to a 10-week high on Tuesday, boosted by a falling U.S. dollar, hopes for... Updated 11 Jul, 2023 09:52pm
Markets Oil rises as US inventory drop offsets rate hike fears LONDON: Oil rallied on Wednesday after an industry report of a larger-than-expected drop in US crude inventories... Updated 28 Jun, 2023 02:43pm
Markets Oil markets shrug off Russian political turmoil LONDON: Oil prices were steady on Monday, with political instability from an aborted revolt by Russian mercenaries... Updated 26 Jun, 2023 07:14pm
Markets Oil rallies 1% after hawkish remarks from Fed’s Powell BENGALURU: Oil prices gained a dollar a barrel on Wednesday after some analysts predicted a drawdown in U.S.... Updated 21 Jun, 2023 09:58pm
Markets Oil prices rise on bargain hunting as demand worries weigh LONDON: Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s... Updated 13 Jun, 2023 07:24pm
Markets Oil prices edge higher as Saudi cut outweighs bearish backdrop LONDON: Oil prices edged higher on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Updated 07 Jun, 2023 08:08pm
Markets Oil prices rise after US debt deal, all eyes on OPEC meeting LONDON: Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world’s biggest oil... Updated 02 Jun, 2023 05:50pm
Markets Asia stocks gain as Fed hike bets recede, debt vote eases nerves TOKYO: Most Asia-Pacific stock markets rose on Thursday amid receding bets for a US rate hike this month and relief... Published 01 Jun, 2023 10:30am
Markets Oil falls on weak China data, stronger US dollar LONDON: Oil prices fell on Wednesday on a stronger US dollar and as weak data from top oil importer China raised... Updated 31 May, 2023 07:44pm
Markets Oil prices up 1% as US closes in on debt deal HOUSTON: Oil prices rose 1% on Friday as U.S. officials appeared close to striking a debt ceiling deal, and as the... Updated 26 May, 2023 10:07pm
Markets Oil down nearly 3% as Russia downplays additional OPEC+ cuts LONDON: Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of... Updated 25 May, 2023 08:00pm
Markets Asia stocks falter, NZ dollar stumbles as RBNZ signals hikes over TOKYO: Asian stocks on Wednesday extended a global sell-off as US debt ceiling negotiations dragged on without... Published 24 May, 2023 09:48am
Markets Oil prices buoyed by Saudi warning and falling U.S. stockpiles LONDON: Oil prices rose on Wednesday, driven up by tightening U.S. inventories and a warning from the Saudi energy... Updated 24 May, 2023 07:39pm
Markets Oil rebounds on fading risk of US debt default LONDON: Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously... Updated 19 May, 2023 03:36pm
Markets Oil dips as weaker China economic data offsets IEA demand forecast NEW YORK: Oil futures edged lower on Tuesday as weaker-than-expected economic data in China offset a forecast of... Updated 16 May, 2023 09:36pm
Markets Oil prices rise as tight supplies compete with economic concerns LONDON: Oil prices rose slightly on Monday as bullish sentiment about tightening supplies from OPEC+ cuts and a... Updated 15 May, 2023 05:34pm
Markets Oil heads for another monthly decline as weak US data weighs LONDON: Oil prices were heading for another monthly decline on Friday after disappointing US economic data and... Updated 28 Apr, 2023 03:10pm
Markets Oil slides as recession fears outweigh large US inventory draw NEW YORK: Oil prices slipped on Wednesday, extending sharp losses from the previous session, even after a report... Updated 26 Apr, 2023 08:32pm
Markets Oil stable ahead of key US inflation data, set for monthly drop LONDON: Oil prices were stable on Friday ahead of key US inflation data which could give clues on future interest... Updated 31 Mar, 2023 05:12pm
Markets Oil rises on US crude draw, Iraqi supply risks LONDON: Oil prices rose on Thursday as a surprise drop in US crude stockpiles and a halt in exports from Iraq’s... Updated 30 Mar, 2023 06:18pm
Markets Oil extends gains on Kurdish supply risks, banking relief LONDON: Crude prices firmed on Tuesday, extending sharp gains from the previous session amid supply disruption risks... Updated 28 Mar, 2023 04:47pm
Markets Oil rises on Kurdistan export halt and banking optimism LONDON: Oil prices rose on Monday after a halt to oil exports from Iraqi Kurdistan via Turkey and moves to contain a... Updated 27 Mar, 2023 07:52pm
Markets Oil slides amid concerns over health of banking sector LONDON: Oil prices fell sharply on Friday amid declining European banking shares and after U.S. Energy Secretary... Updated 24 Mar, 2023 08:08pm
Markets Oil down after Fed comments, U.S. crude stock build LONDON: Oil prices dipped on Thursday, having hit their lowest since late 2021 earlier this week, after Federal... Updated 23 Mar, 2023 05:13pm
Markets Oil up 1% despite crude build, as dollar weakens ahead of Fed rate move NEW YORK: Oil prices rose about 1% to a one-week high on Wednesday despite a surprise weekly build in U.S. crude... Updated 22 Mar, 2023 09:09pm
Markets Oil rises on demand hopes as banking fears ease LONDON: Oil prices firmed on Friday as a meeting between Saudi Arabia and Russia calmed markets and after support... Updated 17 Mar, 2023 05:02pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?