Trends - Bob Yawger - Business Recorder

Bob Yawger

Oil steadies as recession worry offsets higher demand outlook

HOUSTON: Oil prices were little changed on Monday, as worries over a possible recession offset an outlook for higher...

Published 24 May, 2022 05:35am

Markets

Oil dips; OPEC+ sticks to gradual output hikes

NEW YORK: Oil prices edged lower on Wednesday after OPEC and its allies agreed to stick to their existing policy of...

Published 01 Sep, 2021 11:27pm

Markets

Oil posts biggest weekly gains in over a year ahead of Hurricane Ida

Brent futures rose $1.63, or 2.3pc, to settle at $72.70 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.32, or 2.0pc, to settle at $68.74

Published 28 Aug, 2021 02:06am

Markets

Oil edges higher on tighter U.S. supplies, Brent tops $75 a barrel

Brent crude oil futures were up 92 cents, or 1.2pc, at $75.66 a barrel by 12:05 ET (1605 GMT), having traded as high as $75.74. U.S. West Texas Intermediate (WTI) crude oil futures were up 90 cents, or 1.3pc, at $73.29 a barrel.

Published 29 Jul, 2021 10:40pm

Oil drops sharply from multi-year highs

DUBAI: Oil prices tumbled on Tuesday in a volatile session after OPEC producers cancelled a meeting when major...

Published 07 Jul, 2021 04:28am

Markets

Oil drops again on doubts over demand rebound

Restraint on supply by the Organization of the Petroleum Exporting Countries and allies has also helped buttress prices.

Published 08 Jun, 2021 12:18pm

Markets

Oil prices jump on view Iranian oil will not cause glut

NEW YORK: Oil prices rose on Monday as a demand bump fuelled by Covid-19 vaccination drives gave traders optimism...

Published 25 May, 2021 04:40am

Markets

World oil slides

NEW YORK: Oil slid nearly 2% on Tuesday, tumbling from a two-month high, after media reports said the United States...

Published 19 May, 2021 06:00am

Markets

Oil down 5pc as rising OPEC+, Iranian output weighs

"It seemed like OPEC+ was going to roll the deal, but they didn't and now it looks like they're going to have to pay at least in the short term."

Updated 06 Apr, 2021 01:20am

Markets

Oil settles up over $2 despite OPEC+ production cuts

• OPEC+ still has deep production cuts in place • New pandemic waves create uncertain demand outlook NEW YORK:...

Published 02 Apr, 2021 04:58am

Markets

Oil prices drop 4pc as new lockdowns undermine hopes for economic recovery

• Traders shrug off Suez Canal incident • Big gains unlikely until OPEC meeting on April 1 NEW YORK: Oil ...

Published 26 Mar, 2021 05:22am

Markets

Oil prices drop 4pc as new lockdowns undermine hopes for economic recovery

Prices lost much of the gains from the previous session that followed news of a large container ship running aground in the Suez Canal.

Updated 26 Mar, 2021 12:04am

Markets

Oil jumps 6pc after Suez Canal ship grounding

NEW YORK: Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the...

Published 25 Mar, 2021 05:08am

Markets

Sagging oil price surges 6pc as grounded ship blocks Suez Canal

The gains appeared to stabilize the market that had slumped from early this month, when prices hit their highest levels this year on expectations for demand recovery.

Updated 25 Mar, 2021 12:06am

Markets

Oil plunges more than 6pc on concerns over Europe curbs, rollouts

Nearly a third of France entered a month-long lockdown on Saturday following a jump in cases in Paris and parts of northern France.

Updated 24 Mar, 2021 12:39am

Markets

Oil slips after hitting above $70/bbl

NEW YORK: Oil prices slid on Monday after earlier climbing above $70 a barrel for the first time since the COVID-19...

Published 09 Mar, 2021 05:45am

Markets

Oil down over 1pc

NEW YORK: Oil prices fell more than 1% on Monday as fears that Chinese oil crude consumption is slowing and that ...

Published 02 Mar, 2021 05:50am

Markets

Oil jumps 2pc, hits highest in a year as producers limit supply

NEW YORK: Oil prices rose more than 2% on Tuesday, reaching their highest in 12 months after major producers showed...

Published 03 Feb, 2021 04:35am

Markets

Oil jumps 2pc, hits highest in year as producers limit supply

The U.S. and global benchmarks rallied as optimism about more U.S. economic stimulus added to market bullishness from supply cuts.

Published 03 Feb, 2021 12:05am

Markets

Oil hits 11-month high near $57 on tight supply expectations

Saudi Arabia plans to cut output by an extra 1 million barrels per day (bpd) in February and March to keep inventories in check.

Published 13 Jan, 2021 12:12am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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Bob Yawger

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