Crude prices edge up on Chinese import data

Author: Agencies

Crude oil futures edged up on Tuesday due to favourable Chinese import data and forecast of growth in oil demand by OPEC in its monthly report.

At 1520 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, was trading at $63.85 a barrel after gaining 0.90 percent. Likewise, the US West Texas Intermediate (WTI) crude futures gained 0.89 percent to reach $60.23 a barrel.

The price for Opec Basket was recorded at $61.46 a barrel with 0.52 percent increase, Arab Light was available at $62.98 a barrel with 1.47 percent increase while price of Russian Sokol increased 1.53 percent to reach $62.48 a barrel.

Share
Leave a Comment

Recent Posts

  • Pakistan

PM Shahbaz Sharif Says Track & Trace is Nothing but a Cruel Joke

  Prime Minister Shahbaz Sharif of Pakistan has declared the Track & Trace system, a…

6 hours ago
  • Pakistan

Jolion HEV Officially Launched in Pakistan!

The strategic partnership of GWM and SAZGAR brought with it the world renowned Haval brand…

10 hours ago
  • Lifestyle

Celebrating Tradition: World’s Largest Rallis Crafted by Sindhi Artisans

In a celebration of heritage, skilland craftsmanship, we are pleased to announce the creation of…

11 hours ago
  • Pakistan

Wajood Society Pioneers Pakistan’s First Alliance of Transgender Adolescents and Youth

Multan, South Punjab, Pakistan - April 25, 2024 - In a historic stride towards inclusivity…

11 hours ago
  • Business

KSE-100 rallies over 1% to hit another record high

The Pakistan Stock Exchange's (PSX) benchmark KSE-100 Index hit a fresh peak on Friday, as…

12 hours ago
  • Business

Kaspersky Next: new flagship product line for business

Kasperskyintroduces its new flagship product line 'Kaspersky Next' combining robust endpointprotection with the transparency and…

12 hours ago