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 / 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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John Kilduff

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