Trends - US crude oil - Business Recorder

US crude oil

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

Markets

Oil slumps over two percent

NEW YORK: Oil prices tanked more than 2% on Wednesday as OPEC+ producers unexpectedly delayed a meeting on ...

Published 23 Nov, 2023 03:19am

Markets

Oil prices ease from 10-month highs but hold above $90 a barrel

LONDON: Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had driven prices to...

Updated 11 Sep, 2023 04:31pm

Markets

Asia stock markets weaken amid ongoing retreat from Chinese property sector

SYDNEY: Asia stock markets weakened on Monday as investors in China sold off shares in property developers,...

Published 11 Sep, 2023 09:25am

Markets

Oil slips on weak China outlook

HOUSTON: Oil prices edged down on Thursday as an uncertain outlook for demand from China overshadowed the latest US...

Published 08 Sep, 2023 06:01am

Markets

US oil, gas output nears peak

LONDON: US crude oil production increased again in June and is nearing the record high set before the pandemic, but...

Published 05 Sep, 2023 06:22am

Markets

US crude stocks to fall further, end below year-ago levels, say analysts

HOUSTON: US crude oil stocks have fallen to their lowest level this year and likely will shrink further, analysts...

Published 04 Sep, 2023 11:12am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	1.05
USD to Swiss Franc / Dec 17	0.90
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	154.09

Stock	Volume
S&P 500 / Dec 16	6,074.08
Nasdaq / Dec 16	20,173.89
Dow Jones / Dec 16	43,717.48
India Sensex / Dec 17	80,962.81
Tokyo Nikkei / Dec 17	39,364.68
Hang Seng / Dec 17	19,777.10
FTSE 100 / Dec 17	8,214.43
Germany DAX 30 / Dec 17	20,290.76

Item	Value
Gold 10 Grams PKR / Dec 16	243,059.70
Crude Oil USD/Barrel / Dec 17	70.82
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold Spot USD/Ounce / Dec 17	2,654.67
Cotton US¢/pound / Dec 17	69.11
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Dec 17 Dadabhoy Cement Industries Limited(DBCI)	7.11 ▲ 1.00 (16.37%)
First Capital Equities / Dec 17 First Capital Equities Limited(FCEL)	6.74 ▲ 0.82 (13.85%)
Oilboy Energy / Dec 17 Oilboy Energy Limited(OBOY)	10.45 ▲ 1.00 (10.58%)
LSE Financial Serv. / Dec 17 LSE Financial Services Limited(LSEFSL)	18.32 ▲ 1.67 (10.03%)
Air Link Com. / Dec 17 Air Link Communication Limited(AIRLINK)	208.93 ▲ 18.99 (10.00%)
Data Agro / Dec 17 Data Agro Limited(DAAG)	126.58 ▲ 11.51 (10.00%)
Fazal Cloth / Dec 17 Fazal Cloth Mills Limited(FZCM)	179.55 ▲ 16.32 (10.00%)
Land Mark Spinning / Dec 17 Landmark Spinning Industries Limited(LMSM)	63.91 ▲ 5.81 (10.00%)
Pak Datacom / Dec 17 Pak Datacom Limited(PAKD)	94.49 ▲ 8.59 (10.00%)

Stock	Price
Tri-Star Power / Dec 17 Tri-Star Power Limited(TSPL)	5.51 ▼ -0.74 (-11.84%)
Gulshan Sp. / Dec 17 Gulshan Spinning Mills Limited(GSPM)	4.19 ▼ -0.51 (-10.85%)
Sanghar Sugar / Dec 17 Sanghar Sugar Mills Limited(SANSM)	32.02 ▼ -3.56 (-10.01%)
Aisha Steel (CPS) / Dec 17 Aisha Steel Mills Limited (CPS)(ASLCPS)	20.17 ▼ -2.24 (-10.00%)
Chakwal Spinning / Dec 17 Chakwal Spinning Mills Limited(CWSM)	53.72 ▼ -5.97 (-10.00%)
Leiner Pak Gelat / Dec 17 Leiner Pak Gelatine Limited(LPGL)	126.67 ▼ -14.07 (-10.00%)
Mari Petroleum / Dec 17 Mari Petroleum Company Limited(MARI)	809.76 ▼ -89.97 (-10.00%)
Quetta Textile / Dec 17 Quetta Textile Mills Limited(QUET)	17.73 ▼ -1.97 (-10.00%)
Fateh Ind. / Dec 17 Fateh Industries Limited(FIL)	120.57 ▼ -13.37 (-9.98%)

Stock	Volume
WorldCall Telecom / Dec 17 Worldcall Telecom Limited(WTL)	403,228,918 ▼ -0.06
Pak Elektron / Dec 17 Pak Elektron Limited(PAEL)	107,379,306 ▲ 3.33
Cnergyico PK / Dec 17 Cnergyico PK Limited(CNERGY)	59,584,754 ▼ -0.06
B.O.Punjab / Dec 17 The Bank of Punjab(BOP)	57,023,129 ▲ 0.59
Pak Refinery / Dec 17 Pakistan Refinery Limited(PRL)	55,947,968 ▲ 3.65
Sui South Gas / Dec 17 Sui Southern Gas Company Limited(SSGC)	42,917,218 ▲ 1.17
PIA Holding Co.Ltd / Dec 17 PIA Holding Company Limited(PIAHCLA)	36,337,248 ▲ 1.16
Fauji Foods Ltd / Dec 17 Fauji Foods Limited(FFL)	33,958,478 ▼ -0.28
Hub Power Co. / Dec 17 The Hub Power Company Limited(HUBC)	33,067,460 ▲ 11.97

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US crude oil

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