Oil prices increased on Friday as investors closely monitored slow progress in US-Iran peace negotiations, which are linked to the reopening of the strategic Strait of Hormuz. Brent crude futures rose to 103.54 dollars per barrel, while US West Texas Intermediate also posted modest gains. Consequently, market sentiment remained highly sensitive to diplomatic developments and […]
oil prices rise
US-Iran talks push oil prices higher
Global crude oil prices rose sharply on Thursday amid uncertainty over US-Iran negotiations. The increase reflects growing concerns over potential supply disruptions in the international energy market. Investors reacted to heightened geopolitical tensions driving volatility in oil trading. Brent crude climbed above $103 per barrel during trading sessions. Meanwhile, West Texas Intermediate (WTI) was seen […]
PSX surges over 5,000 points amid market recovery
The Pakistan Stock Exchange (PSX) rebounded sharply on Tuesday as the KSE-100 index climbed over 5,000 points to 157,106, recovering from a steep sell-off triggered by regional geopolitical tensions. On Monday, the index had plunged 16,089 points, closing at 151,972, reflecting a 9.57 percent loss due to investor panic over escalating U.S.-Israeli strikes against Iran […]
Oil Rises as OPEC+ Announces Modest Output Hike
SINGAPORE— Oil prices rose around 1.5% on Monday after OPEC+ announced a more modest production increase than expected, easing fears of a supply surge. However, analysts say that weak global demand could cap any near-term rally. Brent crude futures rose 91 cents (1.4%) to $65.44 a barrel by 0315 GMT, while U.S. West Texas Intermediate […]
Oil Prices Rise on U.S.-China Trade Truce, Eye 1% Weekly Gain
Oil prices rose slightly on Friday, recovering some ground after a sharp drop in the previous session, as optimism surrounding U.S.-China trade relations offset concerns about a potential increase in Iranian oil supply. As of early Friday trading, Brent crude futures were up by 17 cents, or 0.26%, reaching $64.70 per barrel. Meanwhile, U.S. At […]
Brent nears $70 as oil prices rise for fourth day
Oil prices rose for a fourth day on Wednesday, pushing Brent toward $70 a barrel as support from OPEC-led supply cuts and US sanctions overshadowed a report showing an unexpected rise in US inventories. Brent futures rose 36 cents, or 0.5 percent, to $69.73 a barrel by 0554 GMT, after earlier reaching $69.87, the highest […]