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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,252 ▲
2424hr
Pakistan Cases
1,263,664 ▲
89324hr
1.7% positivity
Sindh
465,175
Punjab
437,572
Balochistan
33,114
Islamabad
106,402
KPK
176,650
Business Recorder Logo
Oct 16, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

WTI

Oil prices extend losses on expected supply increase
Markets

Oil prices extend losses on expected supply increase

  • Saudi Arabia and UAE reach compromise on oil supply.
  • US crude stockpiles fall for eighth week –EIA.
  • US fuel stocks rose despite reduced refinery output –EIA.
  • Iran nuclear talks unlikely until mid-August –source.
  • China June crude throughput hit record high.
Published 15 Jul, 2021 05:26pm
Oil hits two-year highs
Markets

Oil hits two-year highs

NEW YORK: Oil prices edged up to their highest in over two years in volatile trade on Thursday, on optimism for...
Published 11 Jun, 2021 03:41am
Oil inches higher
Markets

Oil inches higher

LONDON: Oil prices inched higher on Friday, with Brent holding near $70 a barrel as strong US economic data and...
Published 29 May, 2021 03:59am
TSX futures point to flat open
Markets

TSX futures point to flat open

  • Brent crude oil futures rose 1.11% to $69.3 a barrel, while West Texas Intermediate (WTI) US crude futures gained 1.16% to $66.1 a barrel.
  • Gold prices edged lower, dragged down by higher US Treasury yields ahead of inflation data.
Published 12 May, 2021 04:57pm
Oil rises but remains rangebound as COVID-19 cases soar
Markets

Oil rises but remains rangebound as COVID-19 cases soar

  • However, the crude prices have remained rangebound in the past three weeks, with Brent between $60 and $65 a barrel and WTI at $57 to $62.
  • "Oil prices are entering a consolidation phase after swinging wildly last month," said oil broker PVM's Stephen Brennock.
Published 12 Apr, 2021 05:59pm
Oil prices dip on mixed supply and demand outlook
Markets

Oil prices dip on mixed supply and demand outlook

  • Brent crude futures for June fell 32 cents, or 0.32%, to $62.88 a barrel.
  • Both contracts are on track for a 2%-3% drop this week but still far from a low of $60.47 hit two weeks ago. Exerting downward pressure is the decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to increase supplies by 2 million barrels per day between May and July.
Published 09 Apr, 2021 07:35pm