Trends - oils - Business Recorder

oils

Oil slips as debt talks pause

HOUSTON: Oil prices reversed course to fall on Friday after US House Republicans and President Joe Biden’s...

Published 22 May, 2023 06:23am

Markets

US oil may fall to $64.71

It may experience the last correction before overcoming this strong barrier and rising towards $71.93.

Published 27 May, 2021 12:07pm

Markets

US oil may test support at $60.98

The contract has broken a support at $62.13. The next support will be at $60.98, around which a bounce may occur, as this support will be stronger than the one at $62.13.

Published 21 May, 2021 12:30pm

Markets

Brent oil may rise towards March 8 high of $71.38

A wedge is contracting to a point, which looks more like a bullish continuation pattern. Once confirmed, it will suggest a target of $80.

Published 18 May, 2021 11:00am

Markets

Brent oil may fall into $65.22-$65.73 range

The downward wave c is yet to develop, which may completely reverse the wave b.

Published 16 Apr, 2021 11:26am

Markets

Brent oil may edge up into $64.46-$65.22 range

A break above $66.15 could lead to a gain into $68.14-$71.38 range.

Published 14 Apr, 2021 11:45am

Markets

Brent oil may test support at $61.22

On the daily chart, oil is consolidating around $62.91, the 38.2% retracement on the uptrend from $49.20 to $71.38.

Published 08 Apr, 2021 12:53pm

Markets

US oil may drop further into $55.99-$56.70 range

This wave is expected to end around the falling trendline, which establishes a support around $55.99.

Published 24 Mar, 2021 11:52am

Markets

Vopak joins queue to build LNG import terminal in Australia

Vopak chose Victoria despite two other projects seeking approval in the state - one by top energy retailer AGL Energy and the other by Viva Energy which has a dock at Geelong, not far from Vopak's planned site.

Published 17 Mar, 2021 12:52pm

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

Brent oil may retest support at $64.58

This wave could either end around $66.29 or extend a lot to $85.17. Regardless of the ending point of this wave, a consolidation around $66.29 is ongoing.

Published 01 Mar, 2021 10:09am

Markets

US oil still targets $64.15-$65.29 range

A doji formed on Thursday. It will only be regarded as a bearish reversal signal if a black candlestick appears on Friday.

Published 26 Feb, 2021 09:58am

Markets

Oil steady amid Texas supply disruptions, potential OPEC+ moves

The OPEC+ group will meet to set policy on March 4.

Published 17 Feb, 2021 01:18pm

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

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

Markets

Oil climbs after OPEC+ maintains oil output cuts, US stock draw

Continued progress in rolling out COVID-19 vaccines is also an important driver of oil prices, OANDA's Moya said.

Published 04 Feb, 2021 10:21am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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