Trends - West Texas Intermediate

West Texas Intermediate

Oil slides as interest rate expectations eclipse Chinese data

LONDON: Oil prices dropped sharply on Wednesday as potential U.S. interest rate hikes that could slow growth and...

Updated 19 Apr, 2023 08:29pm

Markets

Oil slips as dollar firms, Russia pipeline halt limits slide

LONDON: Oil prices edged lower on Monday as a stronger dollar discouraged buying, though losses were limited by...

Updated 27 Feb, 2023 07:58pm

Markets

Oil rises on China outlook, supply worries after Turkey earthquake

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China and...

Updated 07 Feb, 2023 09:15pm

Markets

Oil steady as Russian oil products ban looms, dollar falls

LONDON: Oil prices were steady on Thursday as looming sanctions on Russian oil products added uncertainty over...

Updated 02 Feb, 2023 08:45pm

Markets

Oil prices rise over $2 on drawdown in U.S. crude stocks

HOUSTON: Oil prices rose by more than $2 on Wednesday after data showed a larger-than-expected draw in U.S. crude...

Updated 21 Dec, 2022 09:23pm

Markets

Oil edges higher as U.S. crude stocks plunge on strong export demand

HOUSTON: Oil edged marginally higher after hitting a six-month low earlier on Wednesday, as markets weighed a...

Updated 17 Aug, 2022 09:29pm

Markets

Oil prices hit lowest since Ukraine invasion amid recession fears

LONDON: Global oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of...

Updated 05 Aug, 2022 01:11am

Markets

Top oil producers to meet amid record crude prices

LONDON: The world's top oil-producing countries will meet on Wednesday to discuss a further increase in output, ...

Published 31 Jan, 2022 10:26am

Markets

Oil prices mixed ahead of US jobs report, more gains eyed

Brent crude futures were up 13 cents, or 0.2%, to $73.16 a barrel at 0619 GMT, while US West Texas Intermediate (WTI) crude futures were down 4 cents

Published 03 Sep, 2021 11:46am

Markets

Oil edges up but on track for big weekly drop on supply concerns

NEW YORK: Oil edged up after turning positive in volatile trade on Friday following supportive US economic news, but...

Published 17 Jul, 2021 04:21am

Oil drops sharply from multi-year highs

DUBAI: Oil prices tumbled on Tuesday in a volatile session after OPEC producers cancelled a meeting when major...

Published 07 Jul, 2021 04:28am

Markets

Oil rises but remains rangebound as COVID-19 cases soar

However, the crude prices have remained rangebound in the past three weeks, with Brent between $60 and $65 a barrel and WTI at $57 to $62.
"Oil prices are entering a consolidation phase after swinging wildly last month," said oil broker PVM's Stephen Brennock.

Published 12 Apr, 2021 05:59pm

Markets

Oil prices dip on mixed supply and demand outlook

"If a fulsome framework can be crafted in the coming weeks, significant quantities of Iranian oil will likely hit the market in H2 2021," RBC Capital analyst Helima Croft said in a note this week.

Published 09 Apr, 2021 03:43pm

Markets

Oil steadies, recovery stunded by European lockdowns, US stockbuild

But gasoline stocks fell by 3.7 million barrels, compared with expectations for a build of 1.2 million barrels.

Published 24 Mar, 2021 01:04pm

Markets

Nasdaq drops 3% on inflation fears, WTI oil loses 7.1%

The tech-rich Nasdaq Composite Index slid 3.0 percent to close at 13,116.17, while the broad-based S&P 500 lost 1.5 percent to end at 3,915.46.

Published 19 Mar, 2021 11:09am

Markets

Platts to add US WTI crude to dated Brent benchmark

Dated Brent underpins global Brent oil benchmark.
North Sea output is declining, move to add 500,000 bpd.
WTI to be first non-North Sea grade added to dated Brent basket.

Published 22 Feb, 2021 06:48pm

Markets

Oil outlook for 2021 hit by new COVID-19 strain

Pace of oil demand recovery to depend on vaccine rollouts –analysts.
Some analysts say no return to pre-pandemic levels before 2023.
OPEC to meet on Jan. 4 to decide on output.
Brent has averaged $43.21/bbl in 2020, WTI about $39.34.

Published 31 Dec, 2020 06:45pm

Markets

Oil gains 2% after draws in U.S. product inventories

Brent crude futures rose $1.12, or 2.2%, to settle at $51.20 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose $1.1, or 2.3%, to settle at $48.12 a barrel.

Published 24 Dec, 2020 03:09am

Markets

Oil tumbles 4pc as new virus strain revives demand fears

Brent climbed above $50 last week for the first time since March, buoyed by optimism stemming from COVID-19 vaccines.

Published 22 Dec, 2020 12:59am

Markets

Oil slips as surge in COVID-19 cases threatens demand

U.S. West Texas Intermediate (WTI) crude futures slipped 14 cents or 0.29pc, to $48.22 a barrel at 0757 GMT, while Brent crude futures fell 20 cents, or 0.39pc, to $51.30.

Published 18 Dec, 2020 03:23pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Petrol/Litre / Jan 22	256.13
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Diesel/Litre / Jan 22	260.95

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
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 Elektron (Pref) / Jan 22 Pak Elektron Limited (Preference)(PELPS)	14.94 ▲ 1.36 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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