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WTI prices

Oil prices: China Covid fear returns

Brent and WTI prices have wiped off the entire 2022 gains. Both benchmarks underwent three consecutive weeks of...

Published 29 Nov, 2022 08:47am

Markets

OPEC+ seen sticking to November output plans, despite $80 oil

"So far we will keep the plan to increase by 400,000 bpd," one of the sources says

Published 29 Sep, 2021 04:55pm

Markets

Oil heads for third straight week of gains as supply tightens

Brent set to close at highest since October 2018
NY ULSD futures hit highest in almost three years
India's crude imports at three-month peak in August
Iran says it will return to talks on nuclear deal soon

Published 24 Sep, 2021 09:22pm

Markets

Oil holds above $75 as storm-hit U.S. supply returns slowly

Brent dips but still set for more than 3% weekly gain
Slow post-Ida production recovery bolsters prices

Updated 17 Sep, 2021 05:24pm

Markets

Oil prices jump over $2/bbl after drawdown in US stocks

US crude, fuel stockpiles fall in wake of Hurricane Ida -EIA
Vaccines set to unleash pent-up oil demand, IEA says
China's daily oil refinery output hits 15-month low in August

Updated 15 Sep, 2021 08:40pm

Markets

Oil hits 6-week high as Storm Nicholas hits US Gulf

US energy firms brace for another storm amid slow recovery from Ida
Over 40% of US Gulf's oil, gas output still shut following Ida
IEA sees oil demand rebounding by 1.6 million bpd in October
China to auction 7.38 mln bbl of crude from strategic reserves

Published 14 Sep, 2021 05:56pm

Markets

Oil steady as China moves to tap oil stocks

China set to tap state oil reserves for the first time
Prices supported by lower US output after Hurricane Ida
API data shows crude drawdown less than poll expectations
EIA cuts 2021 demand outlook, keeps 2022 forecast steady

Published 09 Sep, 2021 08:43pm

Markets

Oil heads for 6% weekly drop as Delta variant spreads

Brent, WTI on track for over 6% weekly decline
Surging cases of the Delta variant rekindle demand concerns
US dollar strength weighs on prices

Published 20 Aug, 2021 05:39pm

Markets

Oil edges higher on inventory drawdowns, Brent tops $75 a barrel

US crude stocks fall by 4.1 mln barrels, EIA says
US Fed says economic recovery remains on track
Iran blames US for pause in nuclear talks

Published 29 Jul, 2021 07:07pm

Markets

Oil extends gains despite rise in US inventories

Brent crude futures had gained $2.13, or 3.1%, to $71.48 a barrel
US crude stocks rose by 806,000 barrels for the week that ended July 16, according to two market sources, citing American Petroleum Institute figures.

Published 21 Jul, 2021 07:18pm

Markets

Oil climbs while OPEC+ considers output increase

WTI rose more than 10% in June, Brent more than 8%.
Cushing inventories drop to lowest since March 2020 –EIA.
Brent to average $67.48/bbl; WTI $64.54 in 2021 -Reuters poll.
OPEC+ to add 2 mln bpd to market in August-December – source.

Published 01 Jul, 2021 06:46pm

Markets

Oil jumps to more than two-year high on US inventories

Brent hits $75.66, highest since October 2018.
OPEC+ meeting on July 1 set to discuss further easing of curbs.
Coming up: EIA oil supply report, 1430 GMT.

Published 23 Jun, 2021 06:32pm

Markets

Oil dips after hitting $75 a barrel on strong demand outlook

Brent hits $75 a barrel for first time since April 2019.
Rally supported by expectations for global demand recovery.
OPEC+ discussing further gradual production increase.

Published 22 Jun, 2021 09:33pm

Markets

Oil prices firm on summer demand as Iran talks drag

Iran nuclear talks paused after hardliner wins presidency.
Oil prices on both sides of Atlantic up for four weeks.
Pick-up in northern hemisphere travel boosts prices.

Published 21 Jun, 2021 05:02pm

Markets

Oil falls amid dollar strength; demand picture still bullish

Brent crude futures were down 52 cents, or 0.7%, at $72.56 a barrel.
US West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.6%, at $70.65 a barrel, after retreating 1.5% on Thursday and is also set to be flat on the week.

Published 18 Jun, 2021 05:26pm

Markets

Oil hits new high near $75 on demand rise, falling inventories

Brent hits $74.73, highest since April 2019.
API says US crude stocks drop 8.5 million barrels – sources.
Coming Up: EIA supply report, 1430 GMT.

Published 16 Jun, 2021 05:03pm

Markets

Oil trades at multi-year highs on demand expectations

Vitol CEO sees oil price around $70-$80/bbl this year.
Trafigura CEO says good chance oil gets to $100/bbl.
POLL-US crude inventories seen falling for 4th week in a row.
Coming Up: API data on US crude stocks at 4:30 p.m. ET.

Published 15 Jun, 2021 09:01pm

Markets

Oil rises on optimism about demand outlook

Brent crude was up by 52 cents, or 0.7%, at $73.38 a barrel.
We have had those stock draws for a couple months, the market is heading in the right direction ... my impression it is not a super cycle.

Published 15 Jun, 2021 05:34pm

Markets

Brent oil benchmark hits 2-year high, WTI highest since 2018

Top US diplomat sees hundreds of sanctions on Iran to remain.
API shows drawdown in US crude stocks; EIA data due later Wed.
Oil demand expected to grow in H2 as lockdowns ease.

Published 09 Jun, 2021 06:28pm

Markets

Oil prices retreat but outlook remains positive

As oil is priced in dollars, a stronger greenback makes crude more expensive for buyers with other currencies.
China's crude imports were down 14.6% in May on a yearly basis also weighed on prices.

Published 08 Jun, 2021 09:02pm

Markets

Oil eases on Iran concern after hitting two-year high above $72

US crude touches $70 for first time since October 2018.
Brent hits $72.27, highest since May 2019.
Iran, world powers to resume talks on June 10.

Published 07 Jun, 2021 06:12pm

Markets

Oil hits two-year high above $72 on OPEC+ discipline, demand hopes

Brent hits $72.17, highest since May 2019.
Slow inoculation and surging infections renew demand concerns US job growth picks up in May.

Published 04 Jun, 2021 08:44pm

Markets

Brent hits highest since March on demand prospects

Americans hit the road on Memorial Day holiday.
OPEC+ expected to continue slow increase in supply.
Producer group and allies meets to set policy on Tuesday.

Published 01 Jun, 2021 06:38pm

Markets

Oil trades near $70 a barrel on improving demand outlook

OPEC+ to meet on Tuesday.
Producers likely to stick to gradual easing of supply cuts.

Published 31 May, 2021 08:36pm

Markets

Oil inches higher as upbeat demand outlook counters supply concerns

Brent, WTI set to close the week with 5%-6% gains.
OPEC+ likely to stick to existing policy.
Worries over impact of Iranian supply return ease.

Published 28 May, 2021 06:35pm

Markets

Oil prices dip on concerns about possible return of Iranian supply

US crude, gasoline stocks fall more than expected.
Summer demand outlook in US, Europe supports prices.
Market eyes upcoming OPEC+ meeting.

Published 27 May, 2021 08:31pm

Markets

Oil falls as Iranian supply prospect outweighs demand optimism

US crude stocks fall in latest week, sources say.
Iran official upbeat about nuclear talks.
US dollar near multi-month lows.

Published 26 May, 2021 07:34pm

Markets

Oil near one-week high as prospect of Iran glut wanes

Brent crude futures were down 30 cents, or 0.4%, at $68.16 a barrel by 1004 GMT, having jumped 3% on Monday. US West Texas Intermediate futures were off 42 cents, or 0.6%, at $65.63 a barrel, after gaining 3.9% the previous session.
Still, the global recovery from the COVID-19 pandemic is patchy, indicating a mixed outlook for oil demand.

Published 25 May, 2021 05:18pm

Markets

Oil jumps but set for weekly loss on Iran nuclear talks

Iran's Rouhani says US will lift sanctions.
Market braces for extra 1 mln bpd Iran supplies in H2.
Front-month prices set for biggest weekly loss since March.

Published 21 May, 2021 08:52pm

Markets

Oil falls with possible return of Iranian supply

US refined product demand ticking up.
Indian corona crisis weighs on demand outlook.
UBS sees oil price at $75/bbl in H2.

Published 20 May, 2021 08:35pm

Gainers
Losers
Leaders

Stock	Price
First Pak Mod. / Mar 22 First Pak Modaraba(PAKMI)	1.52 ▲ 0.18 (13.43%)
Pak Agro Pack. (GEM) / Mar 22 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.88 ▲ 0.88 (11.00%)
Balochistan Glass / Mar 22 Balochistan Glass Limited(BGL)	13.30 ▲ 1.00 (8.13%)
Khyber Tex. / Mar 22 Khyber Textile Mills Limited(KHYT)	257.53 ▲ 17.96 (7.50%)
Allied Rent. / Mar 22 Allied Rental Modaraba(ARM)	27.83 ▲ 1.94 (7.49%)
Khairpur / Mar 22 Khairpur Sugar Mills Limited(KPUS)	61.69 ▲ 4.30 (7.49%)
Metro Steel / Mar 22 Metropolitan Steel Corporation Limited(MSCL)	27.55 ▲ 1.92 (7.49%)
Adamjee Life Assur. / Mar 22 Adamjee Life Assurance Company Limited(ALIFE)	18.43 ▲ 1.28 (7.46%)
John&Philips / Mar 22 Johnson & Phillips (Pakistan) Limited(JOPP)	38.95 ▲ 2.44 (6.68%)
Ismail Ind. / Mar 22 Ismail Industries Limited(ISIL)	487.74 ▲ 29.55 (6.45%)

Stock	Price
Jubile Life InsXD / Mar 22 Jubilee Life Insurance Company Limited(JLICL)	116 ▼ -25.68 (-18.13%)
Pak Gen.Ins. / Mar 22 The Pakistan General Insurance Co. Ltd.(PKGI)	3.76 ▼ -0.64 (-14.55%)
Dewan Textile / Mar 22 Dewan Textile Mills Limited(DWTM)	2.01 ▼ -0.32 (-13.73%)
Popular Islamic / Mar 22 Popular Islamic Modaraba(PIM)	7.05 ▼ -0.95 (-11.88%)
Habib Metropol. / Mar 22 Habib Metropolitan Bank Limited(HMB)	31.68 ▼ -4.04 (-11.31%)
Bankislami Pak. / Mar 22 BankIslami Pakistan Limited(BIPL)	10 ▼ -1.23 (-10.95%)
F.Treet Manuf / Mar 22 First Treet Manufacturing Modaraba(FTMM)	7.10 ▼ -0.75 (-9.55%)
B.O.Punjab / Mar 22 The Bank of Punjab(BOP)	4.07 ▼ -0.36 (-8.13%)
Kohat Textile / Mar 22 Kohat Textile Mills Limited(KOHTM)	11.55 ▼ -0.96 (-7.67%)
Pak Gulf Leasing / Mar 22 Pak-Gulf Leasing Company Limited(PGLC)	5.65 ▼ -0.46 (-7.53%)

Stock	Volume
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	25,054,065 ▼ -0.06
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	16,643,395 ▲ 0.02
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	15,140,985 ▼ -0.12
Maple Leaf Cement / Mar 22 Maple Leaf Cement Factory Limited(MLCF)	9,688,020 ▲ 0.18
Pak Int.Bulk / Mar 22 Pakistan International Bulk Terminal(PIBTL)	6,626,500 ▼ -0.06
Dewan Motors / Mar 22 Dewan Farooque Motors Limited(DFML)	6,524,000 ▼ -0.28
Bankislami Pak. / Mar 22 BankIslami Pakistan Limited(BIPL)	5,405,500 ▼ -1.23
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,708,036 ▲ 0.10
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▲ 0.34
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 21	285.40
USD PKR Interbank Buying / Mar 21	283.90
USD to Japanese Yen / Mar 21	131.23
USD to Swiss Franc / Mar 21	0.93
Pound Sterling to USD / Mar 21	1.23
Euro to USD / Mar 21	1.07
UK LIBOR % / Mar 20	4.56

Stock	Volume
S&P 500 / Mar 20	3951.57
Tokyo Nikkei / Mar 20	26945.67
Nasdaq / Mar 20	11675.54
Dow Jones / Mar 20	32244.58
India Sensex / Mar 21	58074.68
Hang Seng / Mar 21	19128.12
FTSE 100 / Mar 21	7481.91
Germany DAX 30 / Mar 21	15117.14
France CAC40 / Mar 21	7112.90

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 20	19235
Gold 10 Grams PKR / Mar 20	177726
Crude Oil USD/Barrel / Mar 21	67.15
Gold Spot USD/Ounce / Mar 21	1982.31
Cotton US¢/pound / Mar 21	77.62

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