Trends - Brent - Business Recorder

Brent

Oil slides: But for how long

Where is Brent? The bear hopefuls were asking a week ago, as Brent crude had tanked to 12—a month low as the West...

Published 23 Dec, 2022 08:38am

BR Research

RLNG – consumer price at all-time high

There is not much RLNG available for Pakistan to procure for the next two to three months. Spot cargoes have been...

Published 13 Apr, 2022 08:05am

Markets

Oil gains as investors see limited Omicron impact on demand

TOKYO: Oil prices extended their rally on Monday as investor appetite improved amid growing relief the Omicron...

Published 13 Dec, 2021 11:48am

Markets

Oil off 7-week lows but under pressure as release of reserves eyed

SINGAPORE: Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was ...

Published 22 Nov, 2021 10:50am

Markets

Oil slips towards $84, heads for weekly drop as supply concerns ease

LONDON: Oil slipped towards $84 a barrel on Friday, heading for its first weekly loss in about two months after a...

Updated 29 Oct, 2021 07:01pm

BR Research

Energy prices: Scary winters ahead

It may not be the horrors of 2008 yet, but it is the closest the world has seen since. Coal prices touched the...

Published 30 Sep, 2021 07:35am

Markets

Oil edges lower as US pushes OPEC to pump more

OPEC+ expected to proceed with an output increase
Softer China PMI data weighs on sentiment

Updated 31 Aug, 2021 06:57pm

BR Research

Oil to rise on Opec failed deal

An unexpected failure at the Opec Plus much anticipated meeting was the latest excuse WTI crude oil needed to push...

Published 09 Jul, 2021 08:12am

Markets

Brent oil may rise to $78.35

A drop from the current level may be limited to $76

Published 06 Jul, 2021 10:43am

Markets

US oil may rise to $74.99

It is riding on a wave C, which consists of many impulsive waves

Published 25 Jun, 2021 10:55am

Markets

Oil gains as risk of Iran supply resumption recedes

Still, prices were off their highs earlier in the day, with US crude briefly dipping into negative territory.

Published 15 Jun, 2021 12:44pm

BR Research

Petroleum Sensitivity: Getting tougher

As international crude oil prices have started to rise and calls for Brent at $100/bbl are being heard, panic must ...

Published 08 Jun, 2021 07:30am

BR Research

Oily slope

All the international commodities are having a bull run. Oil is no exception and is the most critical commodity...

Published 07 Jun, 2021 07:25am

Markets

Brent oil still targets $67.14

Three smaller waves make up the wave 2. Based on the strength of the wave b, the current wave c could be very short.

Published 07 May, 2021 11:36am

Markets

India demand worries, weak Japanese imports knock oil prices from six-week highs

Brent to average $64.17 in 2021-Reuters poll.
Japan's March oil imports fall 25.0 pct y/y – METI.
China's factory activity growth slows in April.
Japan's April manufacturing expands at fastest pace since 2018.
India infections top 18 million.

Published 30 Apr, 2021 08:54pm

Markets

Brent oil still targets $65.22-$65.73 range

Despite its strength, the rise from the March 23 low of $60.27 is regarded as a part of the correction from $71.38.

Published 19 Apr, 2021 11:30am

Markets

Oil nudges lower but set for weekly gain on demand recovery hopes

NEW YORK: Oil was modestly lower on Friday but headed for a weekly gain as a stronger demand outlook and signs of...

Published 17 Apr, 2021 03:28am

POL products’ prices reduced

ISLAMABAD: The federal government Wedn-esday announced a decrease in the rates of petroleum products in the first...

Published 01 Apr, 2021 04:10am

Business & Finance

Oil drops on concerns European COVID-19 issues to crimp demand

Brent crude futures for May dropped by 68 cents, or 1.1% to $63.94, erasing a 9 cent gain in the previous session.

Published 23 Mar, 2021 10:21am

Markets

Oil climbs as surprise drop in US crude stocks outweighs European vaccine woes

The market has drifted lower over the past few days as more European countries pause inoculations of AstraZeneca's COVID-19 vaccines due to concerns over possible serious side effects, which could slow a recovery in fuel demand.

Published 17 Mar, 2021 01:15pm

Markets

Oil steady ahead of official US inventory data

US crude stockpiles rise, fuel inventories fall –API.
Official EIA data expected Wednesday.
OECD raises forecast for global economic outlook.

Published 10 Mar, 2021 05:11pm

Markets

US oil may test support at $59.08

However, it is not very clear if the contract bounces towards $61.70 first, before breaking $59.41. Signals on the hourly chart suggests a small chance of the bounce.

Published 03 Mar, 2021 10:04am

BR Research

The sweet LNG deal

Last week, Pakistan signed a long-term contract of LNG supply from Qatar at 10.2 percent of Brent, which is at...

Published 02 Mar, 2021 07:25am

Markets

US oil may revisit Feb. 26 low of $61.34

A realistic target range could be from $60.58 to $61.20. Resistance is at $63.05, a break above which could lead to a gain to $63.44-$63.81 range.

Published 01 Mar, 2021 10:12am

Markets

Oil rises after data shows slump in US output amid Texas freeze

• Brent, WTI hit fresh 13-month high • US crude output, refining use slump on Texas storms: EIA • Houston...

Published 25 Feb, 2021 04:58am

Markets

US oil may test support at $58.64

Strategically, this target will be confirmed when oil breaks $58.55.

Published 22 Feb, 2021 10:24am

Markets

Oil prices climb on fears Texas freeze may hamper US crude output

US Energy Information Administration (EIA) oil inventory data will be released later on Thursday, delayed by a day after a Monday holiday.

Published 18 Feb, 2021 11:29am

Markets

US oil may revisit Feb. 9 low of $57.27

Oil is expected to fall towards $57.27, which is also the bottom of the wave (3)-4.

Published 11 Feb, 2021 10:11am

Markets

Asian stocks hit record high, as earnings, stimulus boost recovery hopes

Spot gold added 0.3% to $1,842.8 an ounce after rising to a one-week high on Tuesday.

Published 10 Feb, 2021 11:32am

Markets

US oil may rise into $58.88-59.38 range

A realistic target could be either $58.88 or $59.38.

Published 10 Feb, 2021 10:52am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 28	281.26
USD PKR Interbank Buying / Apr 28	281.06
USD to Japanese Yen / Apr 28	142.05
USD to Swiss Franc / Apr 28	0.82
Pound Sterling to USD / Apr 28	1.34
Euro to USD / Apr 28	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 28	5,528.75
India Sensex / Apr 28	80,218.37
Tokyo Nikkei / Apr 28	35,839.99
Nasdaq / Apr 28	17,366.13
Hang Seng / Apr 28	21,971.96
FTSE 100 / Apr 28	8,417.34
Dow Jones / Apr 28	40,227.59
Germany DAX 30 / Apr 28	22,271.67
France CAC40 / Apr 28	7,573.76

Item	Value
Crude Oil USD/Barrel / Apr 28	62.05
Karachi Cotton PKR/37.32 KG / Apr 28	16,985
Gold 10 Grams PKR / Apr 28	297,582
Gold Spot USD/Ounce / Apr 28	3,347.70
Cotton US¢/pound / Apr 28	67.55
Petrol/Litre / Apr 29	254.63
Diesel/Litre / Apr 29	258.64

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Apr 29 Apna Microfinance Bank Limited(AMBL)	10.30 ▲ 0.98 (10.52%)
Shahtaj Sugar / Apr 29 Shahtaj Sugar Mills Limited(SHJS)	137.50 ▲ 12.5 (10%)
PIA Holding Co.B / Apr 29 PIA Holding Company Limited B(PIAHCLB)	3,969.39 ▲ 360.85 (10%)
Sunrays Textile / Apr 29 Sunrays Textile Mills Limited(SUTM)	189.22 ▲ 17.2 (10%)
S.S.Oil / Apr 29 S.S.Oil Mills Limited(SSOM)	432.04 ▲ 39.28 (10%)
Shakarganj / Apr 29 Shakarganj Limited(SML)	47.94 ▲ 4.36 (10%)
Jubilee Spinning / Apr 29 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	11.55 ▲ 1.05 (10%)
EMCO Industries / Apr 29 Emco Industries Limited(EMCO)	42 ▲ 3.64 (9.49%)
Cresent Jute / Apr 29 Crescent Jute Products Limited(CJPL)	3.49 ▲ 0.29 (9.06%)
Universal Ins. / Apr 29 The Universal Insurance Company Limited(UVIC)	10.30 ▲ 0.85 (8.99%)

Stock	Price
Tariq Corp.Pref. / Apr 29 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.88 ▼ -1 (-12.69%)
Gulistan Sp. / Apr 29 Gulistan Spinning Mills Limited(GUSM)	6.86 ▼ -0.93 (-11.94%)
National Silk / Apr 29 The National Silk & Rayon Mills Limited(NSRM)	38.65 ▼ -4.27 (-9.95%)
Tandlianwala Sugar / Apr 29 Tandlianwala Sugar Mills Limited(TSML)	81.06 ▼ -8.94 (-9.93%)
First Fid. Leasing / Apr 29 First Fidelity Leasing Modaraba(FFLM)	1.90 ▼ -0.2 (-9.52%)
Frontier Ceram / Apr 29 Frontier Ceramics Limited(FRCL)	24.52 ▼ -2.36 (-8.78%)
MCB Invest. Managmt. / Apr 29 MCB Investment Management Limited(MCBIM)	85.06 ▼ -7.75 (-8.35%)
At-Tahur Ltd. / Apr 29 At-Tahur Limited(PREMA)	71.99 ▼ -6.08 (-7.79%)
Atlas Battery / Apr 29 Atlas Battery Limited(ATBA)	269.88 ▼ -22.23 (-7.61%)
Artistic Denim / Apr 29 Artistic Denim Mills Limited(ADMM)	38 ▼ -3.07 (-7.48%)

Stock	Volume
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	9,371,223 ▲ 0
At-Tahur Ltd. / Apr 29 At-Tahur Limited(PREMA)	7,717,980 ▼ -6.08
Sui North Gas / Apr 29 Sui Northern Gas Pipelines Limited(SNGP)	6,076,105 ▲ 3.57
B.O.Punjab / Apr 29 The Bank of Punjab(BOP)	5,968,650 ▼ -0.04
Maple Leaf Cement / Apr 29 Maple Leaf Cement Factory Limited(MLCF)	5,620,644 ▲ 1.82
Sui South Gas / Apr 29 Sui Southern Gas Company Limited(SSGC)	5,000,538 ▲ 0.29
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	4,893,494 ▲ 0.01
K-Electric Ltd. / Apr 29 K-Electric Limited(KEL)	4,756,930 ▲ 0.01
Dewan Cement / Apr 29 Dewan Cement Limited(DCL)	3,127,323 ▼ -0.08
Pak Refinery / Apr 29 Pakistan Refinery Limited(PRL)	3,053,733 ▲ 0.08

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