Trends - crude oil price - Business Recorder

crude oil price

Oil climbs $2/barrel

HOUSTON: US light crude oil gained more than $2 a barrel on Friday after comments by US Federal Reserve Chair Jerome...

Published 24 Aug, 2024 06:23am

Markets

Oil prices fall more than 1% on China worries

Oil prices fell by more than $1 on Friday, with Brent slipping below $80 a barrel after a string of dismal...

Updated 16 Aug, 2024 05:12pm

Business & Finance

Oil rises nearly 2pc

NEW YORK: Oil prices gained more than $1 a barrel on Thursday after US economic data allayed fears of recession in...

Published 16 Aug, 2024 06:56am

Markets

OPEC sticks to oil demand view, shifts key forecast to OPEC+

LONDON: OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would...

Published 14 May, 2024 05:54pm

Markets

Brent hovers above $83 as inflation data takes centre stage

LONDON: Oil prices edged higher on Monday after losing about $1 a barrel in the previous session on signs that U.S....

Updated 13 May, 2024 06:30pm

Markets

Iraq hopes oil reserves will exceed 160bn barrels: minister

BAGHDAD: Iraq, one of the world’s biggest oil producers, aims to boost its crude reserves to more than 160 billion...

Published 11 May, 2024 06:34pm

Markets

Oil benchmark Brent above $84 on perky US, China demand signals

LONDON: Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in...

Updated 10 May, 2024 11:57pm

BR Research

OGDC – A weaker 3Q

The largest E&P in the country announced its financial performance for 3QFY24 recently where earnings were seen...

Published 10 May, 2024 08:59am

Markets

Oil slides as easing supply concerns overshadow ME tensions

NEW YORK: Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of...

Published 08 May, 2024 07:33am

Markets

Oil falls 3%, extends losses after US inflation data

LONDON: Oil fell 3% on Tuesday, with Brent crude hitting the lowest since June after U.S. consumer prices rose in...

Updated 12 Dec, 2023 09:03pm

Opinion

Mixed economic trends

The first five months of 2023-24 have witnessed upturns and downturns both globally and within Pakistan. There was...

Published 12 Dec, 2023 05:28am

BR Research

Oil prices - a rally coming soon?

The global crude oil price had been stuck near $75 since May this year. After resisting the prevailing pessimism for...

Published 13 Jul, 2023 08:09am

Markets

Oil drops 1% as market frets about risk of US rate hike

NEW YORK: Oil prices fell over 1% on Thursday as the market digested the higher likelihood of a U.S. interest rate...

Updated 06 Jul, 2023 09:01pm

Markets

Oil prices rise ahead of US holiday demand indicators

BENGALURU: US crude oil gained 3% on Wednesday, narrowing the price gap with global benchmark Brent in a ...

Published 06 Jul, 2023 05:42am

Markets

Oil rises after Russia says it could cut output due to price cap

NEW YORK: Oil prices rose by $2 per barrel on Friday after Moscow said it could cut crude output in response to the...

Updated 23 Dec, 2022 09:20pm

Markets

US oil may retest support at $77.16

SINGAPORE: U.S. oil may retest a support at $77.16 per barrel, a break below which could open the way towards...

Published 23 Dec, 2022 10:51am

Markets

Oil steadies as rate hike fears counter tighter US stockpiles

NEW YORK: Oil steadied on Thursday after hitting its highest price in two and a half weeks as the impact of tighter...

Published 23 Dec, 2022 05:54am

Markets

Saudi crude exports surge to 29-month high in September

Saudi Arabia’s crude oil exports rose for a fourth straight month in September to the highest in 29 months, data...

Published 17 Nov, 2022 08:08pm

BR Research

Petroleum pricing: Tough times ahead

As international crude oil prices gained momentum in the first two weeks of November, observers in Pakistan expected...

Published 17 Nov, 2022 07:44am

Markets

OPEC decision to cut output could hurt Pakistan's economy

The group is motivated to keep prices higher in order to shore up fiscal revenues of member countries, says brokerage house AKD Securities

Updated 06 Oct, 2022 11:13pm

Markets

Saudi Arabia’s crude oil exports, output rise in June

Saudi Arabia’s crude oil exports rose in June, while output increased to a more than two-year high, data from the...

Published 17 Aug, 2022 05:44pm

POL products’ prices: OMCs estimate up to Rs28.44/litre hike

Prices of petrol and HSD will further increase if government includes Rs 7 per litre petroleum dealers’ margin

Updated 30 Jul, 2022 12:38pm

World

Iraq will implement federal court ruling on Kurdish oil industry

BAGHDAD: The Iraqi oil minister said on Sunday that Iraq would implement a ruling from its federal court in February...

Published 19 Jun, 2022 04:50pm

Markets

Oil slumps 5% on recession concerns, U.S. gasoline price drop

NEW YORK: Oil prices tumbled about 5% to a three-week low on Friday, led by a slump in U.S. gasoline futures, as...

Updated 17 Jun, 2022 09:51pm

Markets

Asia’s gasoline margin rises

NEW DELHI: Asia’s gasoline crack extended gains on Thursday after a surprise drop in the US stocks lifted market...

Published 17 Jun, 2022 06:37am

Markets

Platts to include WTI Midland in Brent benchmark from June 2023

LONDON: S&P Global Platts will include U.S. crude oil grade WTI Midland in its Brent price assessment from June...

Published 08 Jun, 2022 07:57pm

Markets

Oil jumps to 13-week high on rising US gasoline demand

NEW YORK: Oil prices rose about 2% to a 13-week high on Wednesday as US demand for gasoline has kept rising despite...

Updated 08 Jun, 2022 10:12pm

Opinion

Imperatives for FY23 budget

The federal budget for 2022-23 is to be presented by the coalition government on the 10th of June in the National...

Published 07 Jun, 2022 05:47am

Markets

ADNOC announces three new oil discoveries

Abu Dhabi National Oil Company (ADNOC) on Thursday announced three oil discoveries including one at Bu Hasa, Abu...

Published 19 May, 2022 09:44pm

Markets

Saudi’s record crude oil price for Asia shows Russia war impact

LAUNCESTON, (Australia): The jump in Saudi Arabia’s crude oil prices for its Asian customers is a real world...

Published 06 Apr, 2022 05:53am

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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