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 / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

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