Trends - US crude oil - Business Recorder

US crude oil

Oil prices rise as concerns grow over supply disruptions

Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to...

Updated 07 Jan, 2025 06:02pm

Markets

Oil drifts higher in sparse holiday trade

LONDON: Oil prices edged up on Monday in thin holiday trade at the end of the year, as traders awaited more Chinese...

Updated 30 Dec, 2024 06:20pm

Markets

Oil prices up on large draw from US crude stocks

NEW YORK: Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of...

Published 29 Dec, 2024 02:48am

Markets

Oil prices rise in thin pre-holiday trade

NEW YORK/LONDON: Oil prices were up on Tuesday, reversing the prior session’s losses on a brightening short-term...

Updated 24 Dec, 2024 09:48pm

Markets

Oil falls on strong dollar, demand growth worries

HOUSTON: Oil prices eased on Friday due to a strong dollar and worries about demand growth in 2025, especially in...

Updated 20 Dec, 2024 09:45pm

Markets

Oil slips on demand concerns after Fed signals slower rate cuts

Oil prices fell on Thursday after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in...

Updated 19 Dec, 2024 06:03pm

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 prices drift lower

HOUSTON: Oil prices fell by around 1% on Wednesday due to persistent concerns over Chinese demand and elevated risks...

Published 29 Aug, 2024 06:53am

Markets

Oil prices lifted by summer demand hopes

Oil prices rose on Monday, helped by expected peak summer consumption and OPEC+ production cuts, though gains were...

Updated 01 Jul, 2024 07:01pm

Markets

Oil set for second week of gains on signs of improving demand

Crude oil futures were little changed on Friday but on course to rise for a second week amid signs of improving...

Updated 21 Jun, 2024 05:26pm

Markets

Oil hits seven-week high on demand hopes, war jitters

LONDON: Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating...

Updated 19 Jun, 2024 07:22pm

Markets

Oil up on Fed comments, geopolitical risk premium in Europe, Mideast

Brent crude futures were up 97 cents to $85.22 per barrel at 1538 GMT

Updated 19 Jun, 2024 09:28am

Markets

Oil edges higher as US data offsets impact of Fed rate-cut outlook

NEW YORK: Oil prices rose slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel...

Updated 13 Jun, 2024 11:31pm

Markets

US crude output rises in March

HOUSTON: US crude oil production rose in March to its highest this year, while product supplied fell, data from the...

Published 02 Jun, 2024 02:53am

Markets

Saudi Arabia’s crude exports hit nine-month high in March

Saudi Arabia’s crude oil exports rose for the second straight month in March, reaching their highest in nine months,...

Published 20 May, 2024 05:19pm

Markets

Oil rebounds, gains 1% after US crude draw, lukewarm inflation data

NEW YORK: Oil prices rose nearly 1% on Wednesday from a two-month low in the prior session as the market balanced...

Updated 16 May, 2024 12:34am

Markets

Oil prices on track to snap two-week losing streak

LONDON: Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top...

Updated 26 Apr, 2024 03:20pm

Markets

Oil eases on US fuel demand concerns

HOUSTON: Oil prices edged down on Thursday after slower economic growth in the first quarter added to concerns of...

Updated 25 Apr, 2024 09:13pm

Markets

Oil prices fall as US business activity cools

NEW YORK: Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and...

Published 25 Apr, 2024 03:05am

Markets

Oil sheds more than $1/barrel after Iran attack

NEW YORK: Oil prices sank by about $1 a barrel on Monday after Iran’s weekend attack on Israel proved to be less...

Updated 15 Apr, 2024 08:50pm

Markets

Wall Street Week Ahead: Surging US energy shares reflect robust growth, inflation worries

NEW YORK: US energy shares are soaring as investors benefit from rising oil prices and a stronger-than-expected...

Published 15 Apr, 2024 03:56am

Markets

Brent oil futures rise towards $90 as supply risks intensify

LONDON: Oil prices extended gains on Wednesday, as investors mulled supply risks stemming from Ukrainian attacks on...

Updated 03 Apr, 2024 05:17pm

Markets

Brent oil hits highest price this year on fresh supply threats

Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as...

Updated 02 Apr, 2024 09:48pm

Markets

Saudi Arabia may hike May crude oil prices to Asia

SINGAPORE: Top oil exporter Saudi Arabia may raise the official selling price (OSP) for flagship Arab Light crude in...

Published 01 Apr, 2024 01:05pm

Markets

US crude oil production down in Jan

HOUSTON: US crude oil production dropped in January to 12.533 million barrels per day (bpd), a 6% decline from...

Published 30 Mar, 2024 06:39am

Markets

Oil retreats from multi-month highs ahead of Fed decision

LONDON: Oil prices edged lower on Wednesday after hitting multi-month highs in the previous session, as investors...

Updated 20 Mar, 2024 04:48pm

Markets

Oil holds firm on OPEC demand forecast and U.S. fuel stocks

LONDON: Oil prices edged higher on Wednesday, holding on to Tuesday’s gains on a robust demand growth forecast from...

Updated 14 Feb, 2024 08:54pm

Markets

Gulf markets gain ahead of US inflation report

DUBAI: Most stock markets in the Gulf ended higher on Tuesday, as investors waited for a US inflation report to ...

Published 14 Feb, 2024 02:34am

Markets

Oil rises as Middle East tensions offset economy concerns

LONDON: Oil rose around 1% on Wednesday in a second day of gains as Middle East supply concerns arising from the...

Updated 10 Jan, 2024 09:23pm

Markets

Oil gains ahead of OPEC+ meeting as Black Sea shutdowns support

LONDON: Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output...

Updated 29 Nov, 2023 04:58pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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