Trends - US West Texas Intermediate

US West Texas Intermediate

Oil hits 11-month high just below $57 as Saudi cut supports

Saudi plans to cut extra 1 million bpd in Feb and March
US crude stockpiles expected to drop for fifth week

Published 12 Jan, 2021 06:46pm

Markets

Oil hits 11-month high towards $57 as Saudi cut supports

Saudi plans to cut extra 1 million bpd in Feb and March.
US crude stockpiles expected to drop for fifth week.
Coming up: API oil supply report, 2130 GMT.

Published 12 Jan, 2021 05:50pm

Markets

Oil falls on renewed lockdowns, stronger dollar

China's Hebei sees most COVID-19 cases since July
Most of Europe now under the strictest curbs
Dollar gains on US stimulus hopes.

Published 11 Jan, 2021 05:41pm

Markets

Oil set for weekly gain on Saudi output cut pledge

Brent, WTI set for weekly gains of more than 6%.
Rally in global equities also feeds appetite for risk.
Latest global lockdowns delay fuel demand recovery.

Published 08 Jan, 2021 07:23pm

Markets

Oil extends gains after surprise Saudi output cut

Saudi move 'reflects signs of weakening demand' -Goldman Sachs.
OPEC output rises in December - Reuters survey.
US crude inventories fell 1.7 mln bbl in week to Jan. 1 –API.
US EIA inventory data due at 1530 GMT.

Published 06 Jan, 2021 08:35pm

Markets

Oil extends gains after surprise Saudi output cut

Saudi move 'reflects signs of weakening demand' -Goldman Sachs.
US crude inventories fell 1.7 mln bbl in week to Jan. 1 –API.

Published 06 Jan, 2021 05:06pm

Markets

Oil hits 11-month high after Saudi Arabia pledges voluntary output cut

"Despite this bullish supply agreement, we believe Saudi's decision likely reflects signs of weakening demand as lockdowns return," Goldman Sachs said in a note, although the investment bank maintained its year-end 2021 forecast for Brent of $65 a barrel.

Published 06 Jan, 2021 12:36pm

Markets

Oil prices up as dollar and US oil inventories fall

WTI, Brent firm on economic growth expectations.
Decline in US crude oil stocks support prices.
Both contracts more than 20% lower vs year ago.

Published 30 Dec, 2020 06:36pm

Markets

Oil gains on hopes US pandemic stimulus payments to spur fuel demand

The group is set to boost output by 500,000 barrels per day (bpd) in January and Russia supports another increase of the same amount in February.

Published 29 Dec, 2020 09:45am

Markets

Oil rises towards $52 after Trump signs aid bill

Oil remains vulnerable to any further setbacks in efforts to control the virus, said Stephen Innes, chief global market strategist at Axi, in a note.

Published 28 Dec, 2020 03:10pm

Markets

Oil rises on US inventory draw, Brexit deal hopes

Americans were also warned again not to travel for Christmas as the latest surge in cases overwhelmed hospitals.

Published 24 Dec, 2020 08:46am

Markets

Oil prices fall amid worries over new coronavirus strain

The negative sentiment also overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package.

Published 21 Dec, 2020 09:58am

Markets

Exxon Baytown, Texas, refinery to shut large FCC in early Jan due to low demand

The 90,000-bpd FCC 2 will remain in operation while FCC 3 is shut, the sources said.

Published 18 Dec, 2020 10:34am

Markets

Oil slips in breather after run to 9-month high as COVID-19 surge stokes demand fears

ANZ Research said with US COVID-19 infections hitting new daily records, and restrictions tightening in Japan, pressure is growing on the Organization of the Petroleum Exporting Countries (OPEC), Russia and their allies, together called OPEC+.

Published 18 Dec, 2020 10:05am

Markets

Oil edges lower after jump in US stockpiles, vaccine hopes capping losses

The vaccine news helped offset fears from a sharp rise in coronavirus cases globally that has led to a string of renewed lockdowns, including strict measures in California, Germany and South Korea.

Published 09 Dec, 2020 09:51am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jan 29 786 Investments Limited(786)	4.70 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jan 29 Al-Abbas Sugar Mills Limited(AABS)	377 ▼ 0.00 (0.00%)
Agro Allianz / Jan 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jan 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jan 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jan 29 Allied Bank Limited(ABL)	65 ▼ 0.00 (0.00%)
Abbott Lab. / Jan 29 Abbott Laboratories (Pakistan) Limited(ABOT)	348.44 ▼ 0.00 (0.00%)
Abson Ind. / Jan 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jan 29 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Jan 29 Attock Cement Pakistan Limited(ACPL)	55.56 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jan 29 786 Investments Limited(786)	4.70 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jan 29 Al-Abbas Sugar Mills Limited(AABS)	377 ▼ 0.00 (0.00%)
Agro Allianz / Jan 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jan 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jan 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jan 29 Allied Bank Limited(ABL)	65 ▼ 0.00 (0.00%)
Abbott Lab. / Jan 29 Abbott Laboratories (Pakistan) Limited(ABOT)	348.44 ▼ 0.00 (0.00%)
Abson Ind. / Jan 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jan 29 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Jan 29 Attock Cement Pakistan Limited(ACPL)	55.56 ▼ 0.00 (0.00%)

Stock	Volume
Pak Refinery / Jan 29 Pakistan Refinery Limited(PRL)	14,225,354 ▼ 0.00
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	13,167,971 ▼ 0.00
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	12,526,831 ▼ 0.00
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	9,891,019 ▼ 0.00
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	9,686,092 ▼ 0.00
Hub Power Co. / Jan 29 The Hub Power Company Limited(HUBC)	8,819,700 ▼ 0.00
Habib Bank / Jan 29 Habib Bank Limited(HBL)	8,556,359 ▼ 0.00
Engro Polymer / Jan 29 Engro Polymer & Chemicals Limited(EPCL)	6,713,796 ▼ 0.00
Maple Leaf Cement / Jan 29 Maple Leaf Cement Factory Limited(MLCF)	5,509,833 ▼ 0.00
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	5,393,473 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 27	265
USD PKR Interbank Buying / Jan 27	263
USD to Japanese Yen / Jan 27	129.88
USD to Swiss Franc / Jan 27	0.92
Pound Sterling to USD / Jan 27	1.24
Euro to USD / Jan 27	1.09
UK LIBOR % / Jan 27	4.31

Stock	Volume
S&P 500 / Jan 27	4070.56
India Sensex / Jan 27	59330.90
Tokyo Nikkei / Jan 27	27382.56
Nasdaq / Jan 27	11621.71
Hang Seng / Jan 27	22688.90
FTSE 100 / Jan 27	7765.15
Dow Jones / Jan 27	33978.08
Germany DAX 30 / Jan 27	15150.03
France CAC40 / Jan 27	7097.21

Item	Value
Crude Oil USD/Barrel / Jan 27	79.68
Karachi Cotton PKR/37.32 KG / Jan 27	20235
Gold 10 Grams PKR / Jan 27	173610
Gold Spot USD/Ounce / Jan 27	1928.04
Cotton US¢/pound / Jan 27	86.89

US West Texas Intermediate

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