Trends - John Kilduff - Business Recorder

John Kilduff

Crude battles interest rates, demand uncertainty

HOUSTON: Crude oil fell into negative territory as it battled possible US interest rate increases and uncertainty...

Published 22 Aug, 2023 06:03am

Markets

Oil settles down on worries over banks, US crude reserve

NEW YORK: Oil prices settled lower on Friday as European banking shares fell and after US Energy Secretary Jennifer...

Published 27 Mar, 2023 06:15am

Markets

Oil prices settle lower on Russia supply outlook

NEW YORK: Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong...

Published 30 Jan, 2023 05:56am

Markets

Oil prices fall on prospect of Keystone pipeline’s resumption

NEW YORK: Oil prices fell on Thursday on the prospect of a key Canada-to-US crude pipeline that shut after a leak...

Published 09 Dec, 2022 05:58am

Markets

Crude jumps more than 6pc as EU mulls Russian oil ban

HOUSTON: Oil prices soared more than 6% on Monday, with global benchmark Brent crude climbing above $115 a barrel, ...

Published 22 Mar, 2022 05:21am

Markets

Oil climbs past $81 with OPEC+ sticking to output increase

Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as ...

Published 04 Oct, 2021 10:58pm

Markets

Oil turns negative on weak inflation data, improving storm outlook

Oil prices turned negative on Tuesday after new data from the U.S. Labor Department showed inflation cooling and the...

Published 15 Sep, 2021 12:08am

Markets

Oil dips on China plan to tap reserves, small U.S. crude draw

NEW YORK: Oil prices eased on Thursday on China's plan to release state oil reserves to reduce pressure on domestic...

Updated 09 Sep, 2021 10:45pm

Markets

Oil up, off session highs after Ida; OPEC+ looks to boost output

U.S. gasoline was up almost 2%, lending support to crude. Power outages added to refinery closures on the Gulf coast and traders weighed the possibility of prolonged disruptions

Published 30 Aug, 2021 11:03pm

Markets

Oil slips but set for weekly gain

NEW YORK: Oil fell on Friday, but was on track to post a weekly rise, broadly shrugging off a warning from the...

Published 14 Aug, 2021 03:41am

Markets

Oil extends losses in volatile trade as Delta variant angst spreads

NEW YORK: Oil extended its losses on Tuesday in volatile trade as concern over rising cases of the Delta coronavirus...

Published 04 Aug, 2021 04:14am

Markets

Oil slumps 4pc on concerns over demand and OPEC supply boost

NEW YORK: Oil prices tumbled about 4% on Monday as weak economic data from China and the United States, the ...

Published 03 Aug, 2021 04:35am

Markets

Oil falls in volatile trade as investors try to make sense of OPEC spat

The Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, have restrained supply for more than a year since demand crashed during the coronavirus pandemic.

Published 07 Jul, 2021 11:12pm

Markets

Oil prices little changed as OPEC+ talks drag on

NEW YORK: Oil prices were little changed on Friday after OPEC+ ministers delayed an output policy meeting, with...

Published 03 Jul, 2021 03:19am

Markets

Oil prices up 2pc on OPEC+ output, demand prospects

NEW YORK: Oil prices rose roughly 2% on Thursday on indications that OPEC+ producers could increase output more...

Published 02 Jul, 2021 04:20am

Markets

Oil steady after mixed U.S. inventory report

OPEC+ agreed on Tuesday to continue with plans to ease supply curbs through July, giving oil prices a boost, in anticipation of improved consumption.

Published 04 Jun, 2021 12:50am

Markets

Oil rises to highest since March on demand prospects

OPEC+ decided in April to return 2.1 million barrels per day (bpd) of supply to the market from May to July, anticipating rising global demand despite the high number of coronavirus cases in India, the world's third-largest oil consumer.

Published 01 Jun, 2021 11:15pm

Markets

Oil prices dive $2 a barrel

• Demand outlook hit by rising Covid-19 infections in Asia • Inflation uncertainties add to price declines NEW...

Published 20 May, 2021 04:26am

Markets

Oil edges higher as recovery support countered by Asia virus surge

U.S. energy firms cut the number of oil rigs operating for the first time since March, as rigs fell by one to 438 this week, according to energy services firm Baker Hughes Co.

Published 23 Apr, 2021 11:50pm

Markets

Oil climbs nearly 5pc on signs of increasing crude demand

NEW YORK: Oil prices surged almost 5% on Wednesday, after a report from the International Energy Agency, followed by...

Published 15 Apr, 2021 03:22am

Markets

Oil prices slip after surprise hefty build in U.S. gasoline stocks

Brent crude futures lost 21 cents, or 0.3pc, to $62.53 a barrel by 11:15 a.m. EDT (1515 GMT) while U.S. West Texas Intermediate crude fell 25 cents, or 0.4pc, to $59.08.

Updated 08 Apr, 2021 12:18am

Markets

Oil gains as US fuel stocks drop, OPEC+ considers deal rollover

Kuwaiti Oil Minister Mohammad al-Fares said the market was being supported by optimism over vaccinations.

Published 04 Mar, 2021 09:44am

Markets

Oil prices rise over 3pc

NEW YORK: Oil prices rose more than 3% on Wednesday, boosted by a huge drop in US fuel inventories and expectations...

Published 04 Mar, 2021 04:58am

Markets

Global fuel prices jump as Asia, US to rev up demand in Q2

European refining margins are still lower than a year ago, but rising prices and narrowing price spreads between gasoil futures delivery months indicates a tightening market, analysts said.

Published 12 Feb, 2021 10:26am

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 natural gas jumps on colder weather

NEW YORK: US natural gas futures soared over 11% on Monday to a two-month high as a major winter snowstorm battered...

Published 03 Feb, 2021 04:35am

Markets

Oil rises 2pc as U.S. inventories fall and demand picks up

U.S. oil and gas drillers are gearing up for a pick-up in demand. As higher prices make new wells profitable again, they added rigs for a sixth month in a row in January.

Published 01 Feb, 2021 11:54pm

Markets

Oil drops over 2pc on China lockdowns, U.S. stimulus concerns

Both benchmarks, which hit their highest in nearly a year earlier in the week, were are heading for their first weekly declines in three weeks.

Published 16 Jan, 2021 12:37am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.80
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
India Sensex / Jan 21	75,838.36
Tokyo Nikkei / Jan 21	39,604.71
Nasdaq / Jan 21	19,756.78
Hang Seng / Jan 21	19,872.36
FTSE 100 / Jan 21	8,548.29
Dow Jones / Jan 21	44,025.81
Germany DAX 30 / Jan 21	21,042

Item	Value
Crude Oil USD/Barrel / Jan 21	75.89
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Gold Spot USD/Ounce / Jan 21	2,749.13
Cotton US¢/pound / Jan 21	67.43
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Pak Agro Pack. (GEM) / Jan 22 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.95 ▲ 0.85 (10.49%)
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)
Flying Cement / Jan 22 Flying Cement Company Limited(FLYNG)	27.54 ▲ 2.50 (9.98%)
Popular Islamic / Jan 22 Popular Islamic Modaraba(PIM)	12.59 ▲ 1.06 (9.19%)
Shadman Cotton / Jan 22 Shadman Cotton Mills Limited(SHCM)	34.70 ▲ 2.90 (9.12%)
Calcorp Ltd / Jan 22 Calcorp Limited(CASH)	36 ▲ 3.00 (9.09%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.11 ▼ -0.89 (-14.83%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.01 ▼ -5.31 (-9.78%)
Dewan Textile / Jan 22 Dewan Textile Mills Limited(DWTM)	7.28 ▼ -0.78 (-9.68%)
Sindh Abadgar / Jan 22 Sindh Abadgar's Sugar Mills Limited(SASML)	37.11 ▼ -3.89 (-9.49%)
Supernet Tech. / Jan 22 Supernet Technologies Limited(STL)	850.10 ▼ -76.81 (-8.29%)
Faisal Sp. / Jan 22 Faisal Spinning Mills Limited(FASM)	340.03 ▼ -29.87 (-8.08%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	56.98 ▼ -4.92 (-7.95%)
Suhail Jute / Jan 22 Suhail Jute Mills Limited(SUHJ)	105 ▼ -8.47 (-7.46%)
Mandviwala / Jan 22 Mandviwala Mauser Plastic Industries(MWMP)	21.25 ▼ -1.70 (-7.41%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.26
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.16
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	64,227,770 ▲ 0.01
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	53,698,225 ▲ 2.90
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.05
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.03
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.11
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.33
B.O.Punjab / Jan 22 The Bank of Punjab(BOP)	14,838,637 ▼ -0.09

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John Kilduff

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