Oil slips as Trump’s 50-day deadline for Russia eases supply fears
- 16-Jul-2025
Oil prices dropped by less than 1% on Tuesday after US President Donald Trump’s 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption Brent crude futures settled down 50 cents, or 0.7%, at $68.71 a barrel. US West Texas Intermediate crude futures were down […]
Pakistan bonds show stability in international market
- 28-Feb-2025
Good news for the national economy as Pakistan’s bond in the international market has achieved a three-year stable level, reflecting growing confidence in the country’s Eurobond, ARY News reported on Friday, citing sources. According to sources, all default risks associated with Pakistan in the global bond market have been eliminated as the Pakistan bonds are […]
Oil prices down on US fuel stocks build, dollar strength
- 09-Jan-2025
Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members. Brent crude settled down 89 cents, or 1.16%, to $76.23 a barrel. U.S. West Texas Intermediate crude fell 93 […]
Oil falls on demand growth concerns, robust dollar
- 20-Dec-2024
Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down nearly 3%. Brent crude futures fell by 41 cents, or 0.56%, to $72.47 a barrel by 0420 GMT. U.S. West Texas Intermediate crude futures fell 39 […]
Oil eases from highest in weeks, investors eye Fed rate cuts
- 16-Dec-2024
Oil futures eased from their highest levels in weeks as investors awaited a meeting of the Federal Reserve later this week for indication of further rate cuts. Falls were limited however by concerns of supply disruptions in the event of more US sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents, […]
Oil holds at 2-week high as Russia, Iran tensions support prices
- 25-Nov-2024
Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supply disruption. Brent crude futures climbed 13 cents, or 0.2%, to $75.30 a barrel by 0115 GMT, while U.S. West Texas Intermediate crude futures were […]
Dollar holds firm at one-year high on Trump trade momentum
- 14-Nov-2024
TOKYO: The U.S. dollar stood at a one-year high against major peers on Thursday and headed for a fifth straight daily gain fuelled by higher yields and Donald Trump’s election victory. The greenback climbed above 156 yen for the first time since July. The euro slumped to its weakest since Nov. 2023 at $1.0546 and sterling […]
Oil prices tumble after Israeli attacks spare Iran facilities
- 28-Oct-2024
Oil prices tumbled in early Asian trading Monday with dealers relieved that Israeli strikes carried out Saturday against military targets in Iran had spared the country’s oil installations. The price of North Sea Brent for delivery in December fell by 4.05 percent to $72.97, while West Texas Intermediate plunged by 4.19 percent to $68.77. Israel […]
Oil edges up on Middle East conflict but supply outlook limits gains
- 04-Oct-2024
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market. Brent crude futures were up 9 cents, or 0.12%, to $77.71 a barrel as of 0010 GMT. U.S. […]
Oil prices jump $1 on Gulf Coast storm, post selloff recovery
- 09-Sep-2024
Oil futures jumped by a dollar in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker-than-expected U.S. jobs data on Friday. West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel by 0146 GMT. Brent crude futures were […]