Trends - Brent oil - Business Recorder

Brent oil

Oil edges higher on Middle East tensions, storm worries

HOUSTON: Oil prices ticked up on Monday as investors worried about supply after tensions in the Middle East...

Updated 23 Sep, 2024 08:43pm

Markets

Oil prices rise after US interest rate cut

Oil prices rose more than 1% on Thursday after a large interest rate cut from the U.S. Federal Reserve, helping...

Updated 19 Sep, 2024 07:25pm

Markets

Oil prices rise as US production slowly resumes after hurricane

Brent crude futures were up $1.16 cents, or 1.6%, at $73.13 a barrel

Updated 13 Sep, 2024 08:28pm

Markets

Oil prices climb 1% on concern about hurricane’s impact on US output

Oil prices rose more than 1% on Thursday, extending a rebound spurred by concern over Hurricane Francine’s impact on...

Updated 12 Sep, 2024 07:05pm

Markets

OPEC again lowers 2024, 2025 global oil demand growth view

LONDON: OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this...

Published 10 Sep, 2024 07:05pm

Markets

Oil prices fall on demand concerns, Brent below $70, near 3-year low

Brent crude futures down $2.33, or 3.24%, at $69.51 a barrel

Updated 10 Sep, 2024 09:16pm

Markets

Morgan Stanley cuts Brent crude price view as market signals demand softness

Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is...

Published 09 Sep, 2024 04:46pm

Markets

OPEC+ discussing delay to planned oil output hike in October, sources say

LONDON: OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9...

Published 04 Sep, 2024 05:06pm

Markets

Brent crude falls $1/bbl on demand fears

HOUSTON: Brent crude oil prices fell by $1 a barrel to $72.75 on Wednesday because of pessimism about demand in the...

Updated 04 Sep, 2024 09:03pm

Markets

Oil drops more than 4% on reports of potential resolution to Libya dispute

Brent crude futures down $3.51, or 4.5%, to $74.02 a barrel at 11:31am ET (15:31 GMT)

Updated 03 Sep, 2024 09:30pm

Markets

Oil prices rise 1% on flaring Middle East tensions

Oil prices rose by around 1% on Tuesday, as investors weighed the impact of tensions in the Middle East. Brent crude...

Updated 16 Jan, 2024 07:11pm

Business & Finance

Petrol price cut by Rs8/litre

ISLAMABAD: The interim government on Monday slashed the ex-depot price of petrol by Rs 8 per litre in a fortnightly...

Published 16 Jan, 2024 05:44am

Markets

Oil retreats on caution ahead of OPEC+ meeting

SINGAPORE: Oil futures fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned...

Updated 21 Nov, 2023 03:19pm

Markets

Oil rises on expectations of further OPEC+ supply cuts

LONDON: Oil futures rose more than $1 on Monday, extending gains on the prospect of OPEC+ deepening supply cuts to...

Updated 20 Nov, 2023 07:20pm

Markets

Oil perks up after sharp week-long selloff on supply, demand concerns

LONDON: Global oil benchmark Brent remained stuck below $80 a barrel on Friday, but recouped some losses a day after...

Published 18 Nov, 2023 06:03am

Markets

Oil perks up after sharp week-long selloff on supply, demand concerns

LONDON: Oil prices edged higher on Friday, a day after sinking 5% to a four month-low on growing worries about...

Updated 17 Nov, 2023 05:22pm

Business & Finance

Oil prices hit 4-month low on concerns about US, Chinese economy

NEW YORK: Oil prices dropped more than 5% on Thursday to their lowest in four months, as investors worried about...

Published 17 Nov, 2023 06:06am

Markets

Oil prices broadly stable amid flurry of weak economic data

LONDON: Oil prices were broadly stable on Tuesday following the previous session’s dip after a flurry of economic...

Updated 24 Oct, 2023 02:24pm

Business & Finance

Mideast conflict: Oil investors rotate from WTI to Brent: Kemp

LONDON: Portfolio investors tiptoed back into the petroleum market last week, after three weeks of heavy selling, as...

Published 24 Oct, 2023 05:05am

Markets

Brent oil may extend loss into $76.02-$76.76 range

Brent oil may extend loss into a range of $76.02-$76.76 per barrel, driven by a wave C. This wave has travelled far...

Published 27 Apr, 2023 09:28am

Markets

Brent oil may test support at $80

Brent oil may test a support at $80 per barrel, a break below could open the way towards $79. A bounce from the...

Published 26 Apr, 2023 10:12am

Markets

Brent oil may test support at $81.73

Brent oil may test a support at $81.73 per barrel, a break below which could open the way towards $80-$80.51...

Published 25 Apr, 2023 11:44am

Markets

Oil dips $2 as economic uncertainty outweighs China optimism

HOUSTON: Oil dropped by $2 a barrel on Tuesday after two sessions of gains as jitters about the global economic...

Updated 25 Apr, 2023 09:37pm

Markets

Russian oil slashes OPEC’s share of Indian market to 22-year low

NEW DELHI: OPEC’s share of India’s oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22...

Published 24 Apr, 2023 11:50am

Markets

Oil prices dip 2% as expected rate hikes take toll

LONDON: Oil prices fell to their lowest level in about three weeks on Thursday, as a firmer dollar and rate hike...

Updated 20 Apr, 2023 08:08pm

Markets

Brent oil may fall into $81.07-$71.73 range

Brent oil may fall into a range of $81.07-$71.73 per barrel, as suggested by a projection analysis. The contract has...

Published 20 Apr, 2023 09:44am

Markets

Brent oil may bounce into $85.59-$86.32 range before falling

Brent oil may bounce into a range of $85.59-$86.32 per barrel, as it may have completed the first part of a...

Published 19 Apr, 2023 10:16am

Markets

Oil slides as interest rate expectations eclipse Chinese data

LONDON: Oil prices dropped sharply on Wednesday as potential U.S. interest rate hikes that could slow growth and...

Updated 19 Apr, 2023 08:29pm

Markets

Brent oil may fall into $82.80-$83.66 range

Brent oil may break a support of $84.52 per barrel and keep falling into $82.80-$83.66 range. The deep drop on...

Published 18 Apr, 2023 10:26am

Markets

Brent oil may retest support of $85.59

Brent oil may retest a support of $85.59 per barrel, with a good chance of breaking below this level and falling...

Published 17 Apr, 2023 10:39am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	278.22
USD PKR Interbank Buying / Jan 1	278.02
USD to Japanese Yen / Jan 1	154.14
USD to Swiss Franc / Jan 1	0.89
Pound Sterling to USD / Jan 1	1.27
Euro to USD / Jan 1	1.05

Stock	Volume
S&P 500 / Jan 1	6,074.08
India Sensex / Jan 1	81,748.57
Tokyo Nikkei / Jan 1	39,540.11
Nasdaq / Jan 1	20,173.89
Hang Seng / Jan 1	19,718.56
FTSE 100 / Jan 1	8,262.05
Dow Jones / Jan 1	43,717.48
Germany DAX 30 / Jan 1	20,313.81

Item	Value
Petrol/Litre / Jan 1	252.10
Crude Oil USD/Barrel / Jan 1	70.60
Karachi Cotton PKR/37.32 KG / Jan 1	17,585
Gold 10 Grams PKR / Jan 1	243,059.70
Gold Spot USD/Ounce / Jan 1	2,654.57
Diesel/Litre / Jan 1	255.38

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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