Date,Raw_Headline,Cleaned_Headline,Sources,Raw_News,Cleaned_News,Urls,Bold_KW,Feature,FeatureSentiment,Price,Scalings,Events_Impact,EMA55_Signal,EMA9_Signal,MACD_Signals,RSI_Signals,Trading_Recommendations
11/2/2020,"['Oil drops as lockdowns widen and US election looms', 'Asian shares rebound on strong China data, oil on slippery slope', 'Oil falls on widening lockdowns, US poll uncertainty']","['oil drops as lockdowns widen and US election looms', 'asian shares rebound on strong china data, oil on slippery slope', 'oil falls on widening lockdowns, US poll uncertainty']","['Business Recorder', 'Business Recorder', 'Tribune']","['LONDON: Oil prices fell on Monday on worries that widening coronavirus lockdowns in Europe would weaken fuel demand while concerns remain over potential turbulence resulting from this week\'s US presidential election.Brent crude was down 80 cents, or 2.1%, at $37.14 a barrel by 1140 GMT. US West Texas Intermediate fell 93 cents, or 2.6%, to $34.86. Both contracts fell more than $2 earlier in the session.Countries across Europe have reimposed lockdown measures to try to slow COVID-19 infection rates that have accelerated over the past month.""The number of lockdowns - and the oil demand the countries that imposed them account for - will lead to some demand destruction, depressing balances and putting further strain on the already fragile market,"" said Rystad Energy analyst Paola Rodriguez-Masiu.Global oil trading companies expect further demand destruction, though estimates differ. Vitol sees winter demand at 96 million barrels per day (bpd) while Trafigura expects demand to drop to 92 million bpd or lower.A tight race in the lead up to the US election on Tuesday and accompanying uncertainty also prompted investor caution in global markets.""The concerns over oil supply and demand fundamentals ... are going to play second fiddle to the US presidential election and to how risk markets will react to the outcome,"" said BNP Paribas analyst Harry Tchilinguirian.Oil pared some losses after Japan\'s export orders grew for the first time in two years and China\'s factory activity rose to its highest in nearly a decade in October. More manufacturing surveys are expected from the euro zone and the United States later in the day.Sharply rising Libyan oil production also added to price pressures. Libya\'s output stands at about 800,000 barrels per day (bpd), up more than 100,000 bpd from a few days ago, a Libyan source told Reuters on Saturday.Meanwhile, output from the Organization of the Petroleum Exporting Countries (OPEC) rose for a fourth month in October, a Reuters survey found.OPEC and allies including Russia are cutting output by about 7.7 million bpd to support prices. This OPEC+ group is scheduled to hold a policy meeting on Nov. 30 and Dec. 1, with some analysts expecting a postponement of plans to ramp up output by 2 million bpd from January.""A resolute and coordinated announcement and action by OPEC+ are what is really needed to prevent any further price slide,"" said Commerzbank analyst Eugen Weinberg.', ""SYDNEY: Asian shares bounced off one-month lows on Monday on solid data from China showing factory activity expanded at its fastest pace in a decade while oil prices skidded as many Western countries slid back into coronavirus-driven lockdowns.MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.5% to 573.04, as China's Caixin/Markit Manufacturing Purchasing Managers' Index offered hope the region's success in containing the coronavirus could spare it the economic pain being inflicted on Europe and the United States.All major indexes except New Zealand were up on Monday.Australian shares rose 0.4%.Chinese shares were higher with the blue-chip CSI300 rising 0.8% with the country's vast industrial sector steadily returning to levels seen before the COVID-19 pandemic paralysed huge swathes of the economy.Japan's Nikkei jumped 1.5%.E-Mini futures for the S&P 500 added 0.1%, with investor focus turning to the U.S. Presidential elections on Tuesday.The global outlook is dimming as many Western countries battle still rising COVID-19 infections and go back into virus lockdowns.Global coronavirus cases surpassed 500,000 last week with Europe crossing the bleak milestone of 10 million total infections. The United Kingdom is grappling with more than 20,000 new cases a day while a record surge of U.S. cases is killing up to 1,000 people a day.Fresh coronavirus-induced lockdowns have raised concerns over the outlook for fuel consumption, sending Brent crude to a low of $35.74 per barrel, a level not seen since late May. U.S. crude went as low as $33.64. Underwhelming outlooks and results from some of Wall Street's largest companies last week, including Apple and Facebook, further soured the mood and dragged U.S. stocks lower last week. [.N]“Markets are looking ahead of Q4 and early 2021 where the growth outlook looks clouded given the move to stricter lockdowns in Europe,â€Â\x9d Perpetual analysts wrote in a note.They said a -1% hit to European growth would send global gross domestic product down by 0.5% over the subsequent 12 months.“The key question here is how long are the lockdowns needed to get the virus under control.â€Â\x9dAhead of the last campaign weekend, Republican President Donald Trump trails Democratic challenger Joe Biden in national opinion polls partly because of widespread disapproval of Trump’s handling of the coronavirus.Opinion polls in the most competitive states that will decide the election have shown a closer race, still favouring Biden.In currencies, the risk-sensitive Australian dollar slipped 0.4% to go below 70 U.S. cents for the first time since July. It was last at $0.7018.The Japanese yen was flat at 104.66 per dollar, while the British pound was last a shade weaker at $1.2931. The euro was barely changed at $1.1640.That left the dollar index, which measures the greenback against a basket of peers, flat at 94.07. A risk-on revival after the U.S. election could however see the dollar resume its slide from the March highs, analysts said.JPMorgan analysts said the market likely views a Biden win as “short-term neutralâ€Â\x9d but “long-term negativeâ€Â\x9d as his expected tax policy outweighs the benefits from a large stimulus package.“SPX may have upside to ~3400, but it would have larger downside depending on the details of the package, potentially to ~2,500,â€Â\x9d they added.On Friday, the S&P 500 .SPX lost 1.21% to close at 3,269.96. The Nasdaq Composite dropped 2.45% while the Dow fell 0.6%."", 'LONDON:Oil prices fell on Monday on worries that widening coronavirus lockdowns in Europe would weaken fuel demand amid concerns about turbulence around this week’s US presidential election.Brent crude was down $0.97, or 2.6%, to $36.97 a barrel by 0948 GMT and US West Texas Intermediate fell $1.04, or 2.9%, to $34.75. Both contracts fell more than $2 earlier in the session.Countries across Europe have reimposed lockdown measures to try to slow Covid-19 infection rates that have accelerated in the past month.“Near-term oil fundamentals will continue to deteriorate until the unprecedented rise in Covid infections is brought under control,â€ÂÂ\x9d said Stephen Brennock of oil broker PVM.Global oil trading companies expect further demand destruction, although estimates differ. Vitol sees winter demand at 96 million barrels per day (bpd) while Trafigura expects demand to fall to 92 million bpd or below.A tighter race in the lead up to the US election on Tuesday and electoral uncertainty also prompted investor caution in global markets.“The concerns over oil supply and demand fundamentals ... are going to play second fiddle to the US presidential election and to how risk markets will react to the outcome,â€ÂÂ\x9d BNP Paribas analyst Harry Tchilinguirian said.Oil pared some losses after Japan’s export orders grew for the first time in two years and China’s factory activity rose to a near-decade high in October. More manufacturing surveys are expected from the euro zone and the United States later in the day.Sharply rising Libyan production also added to pressure on prices. Libya’s output currently stands at around 800,000 barrels per day (bpd), 100,000 more than a few days ago, a Libyan source told Reuters on Saturday.Meanwhile, Organisation of the Petroleum Exporting Countries (OPEC) oil output rose for a fourth month in October, a Reuters’ survey found.OPEC and allies including Russia are cutting output by about 7.7 million bpd to support prices. The OPEC+ group is scheduled to hold a policy meeting on November 30 and December 1 and some analysts expect it to delay plans to ramp up output by 2 million bpd from January.“A resolute and coordinated announcement and action by OPEC+ are what is really needed to prevent any further price slide,â€ÂÂ\x9d said Commerzbank analyst Eugen Weinberg. REUTERS']","['LONDON oil prices fell on monday on worries that widening coronavirus lockdowns in europe would weaken fuel demand while concerns remain over potential turbulence resulting from this week US presidential election.brent crude was down 80 cents, or 2.1%, at $37.14 a barrel by 1140 GMT. US west texas intermediate fell 93 cents, or 2.6%, to $34.86. both contracts fell more than $2 earlier in the session.countries across europe have reimposed lockdown measures to try to slow COVID-19 infection rates that have accelerated over the past month.""the number of lockdowns - and the oil demand the countries that imposed them account for - will lead to some demand destruction, depressing balances and putting further strain on the already fragile market,"" said rystad energy analyst paola Rodriguez-Masiu.Global oil trading companies expect further demand destruction, though estimates differ. vitol sees winter demand at 96 million barrels per day (bpd) while trafigura expects demand to drop to 92 million bpd or lower.a tight race in the lead up to the US election on tuesday and accompanying uncertainty also prompted investor caution in global markets.""the concerns over oil supply and demand fundamentals . are going to play second fiddle to the US presidential election and to how risk markets will react to the outcome,"" said BNP paribas analyst harry Tchilinguirian.Oil pared some losses after japan export orders grew for the first time in two years and china factory activity rose to its highest in nearly a decade in october. more manufacturing surveys are expected from the euro zone and the united states later in the day.sharply rising libyan oil production also added to price pressures. libya output stands at about 800,000 barrels per day (bpd), up more than 100,000 bpd from a few days ago, a libyan source told reuters on Saturday.Meanwhile, output from the organization of the petroleum exporting countries (OPEC) rose for a fourth month in october, a reuters survey found.OPEC and allies including russia are cutting output by about 7.7 million bpd to support prices. this OPEC+ group is scheduled to hold a policy meeting on nov. 30 and dec. 1, with some analysts expecting a postponement of plans to ramp up output by 2 million bpd from January.""A resolute and coordinated announcement and action by OPEC+ are what is really needed to prevent any further price slide,"" said commerzbank analyst eugen weinberg.', ""SYDNEY asian shares bounced off one-month lows on monday on solid data from china showing factory activity expanded at its fastest pace in a decade while oil prices skidded as many western countries slid back into coronavirus-driven lockdowns.MSCI broadest index of Asia-Pacific shares outside japan climbed 0.5% to 573.04, as china Caixin/Markit manufacturing purchasing managers' index offered hope the region success in containing the coronavirus could spare it the economic pain being inflicted on europe and the united States.All major indexes except new zealand were up on Monday.Australian shares rose 0.4%.chinese shares were higher with the blue-chip CSI300 rising 0.8% with the country vast industrial sector steadily returning to levels seen before the COVID-19 pandemic paralysed huge swathes of the economy.japan nikkei jumped 1.5%.E-Mini futures for the S&P 500 added 0.1%, with investor focus turning to the U.S. presidential elections on Tuesday.The global outlook is dimming as many western countries battle still rising COVID-19 infections and go back into virus lockdowns.global coronavirus cases surpassed 500,000 last week with europe crossing the bleak milestone of 10 million total infections. the united kingdom is grappling with more than 20,000 new cases a day while a record surge of U.S. cases is killing up to 1,000 people a day.fresh coronavirus-induced lockdowns have raised concerns over the outlook for fuel consumption, sending brent crude to a low of $35.74 per barrel, a level not seen since late may. U.S. crude went as low as $33.64. underwhelming outlooks and results from some of wall street largest companies last week, including apple and facebook, further soured the mood and dragged U.S. stocks lower last week. [.N]Markets are looking ahead of Q4 and early 2021 where the growth outlook looks clouded given the move to stricter lockdowns in europe, perpetual analysts wrote in a note.they said a -1% hit to european growth would send global gross domestic product down by 0.5% over the subsequent 12 months.the key question here is how long are the lockdowns needed to get the virus under control.ahead of the last campaign weekend, republican president donald trump trails democratic challenger joe biden in national opinion polls partly because of widespread disapproval of trumps handling of the coronavirus.opinion polls in the most competitive states that will decide the election have shown a closer race, still favouring Biden.In currencies, the risk-sensitive australian dollar slipped 0.4% to go below 70 U.S. cents for the first time since july. it was last at $0.7018.the japanese yen was flat at 104.66 per dollar, while the british pound was last a shade weaker at $1.2931. the euro was barely changed at $1.1640.that left the dollar index, which measures the greenback against a basket of peers, flat at 94.07. A risk-on revival after the U.S. election could however see the dollar resume its slide from the march highs, analysts said.JPMorgan analysts said the market likely views a biden win as short-term neutral but long-term negative as his expected tax policy outweighs the benefits from a large stimulus package.SPX may have upside to ~3400, but it would have larger downside depending on the details of the package, potentially to ~2,500, they added.on friday, the S&P 500 .SPX lost 1.21% to close at 3,269.96. the nasdaq composite dropped 2.45% while the dow fell 0.6%."", 'LONDON oil prices fell on monday on worries that widening coronavirus lockdowns in europe would weaken fuel demand amid concerns about turbulence around this weeks US presidential election.brent crude was down $0.97, or 2.6%, to $36.97 a barrel by 0948 GMT and US west texas intermediate fell $1.04, or 2.9%, to $34.75. both contracts fell more than $2 earlier in the session.countries across europe have reimposed lockdown measures to try to slow Covid-19 infection rates that have accelerated in the past month.Near-term oil fundamentals will continue to deteriorate until the unprecedented rise in covid infections is brought under control, said stephen brennock of oil broker PVM.Global oil trading companies expect further demand destruction, although estimates differ. vitol sees winter demand at 96 million barrels per day (bpd) while trafigura expects demand to fall to 92 million bpd or below.a tighter race in the lead up to the US election on tuesday and electoral uncertainty also prompted investor caution in global markets.the concerns over oil supply and demand fundamentals . are going to play second fiddle to the US presidential election and to how risk markets will react to the outcome, BNP paribas analyst harry tchilinguirian said.oil pared some losses after japans export orders grew for the first time in two years and chinas factory activity rose to a near-decade high in october. more manufacturing surveys are expected from the euro zone and the united states later in the day.sharply rising libyan production also added to pressure on prices. libyas output currently stands at around 800,000 barrels per day (bpd), 100,000 more than a few days ago, a libyan source told reuters on Saturday.Meanwhile, organisation of the petroleum exporting countries (OPEC) oil output rose for a fourth month in october, a reuters survey found.OPEC and allies including russia are cutting output by about 7.7 million bpd to support prices. the OPEC+ group is scheduled to hold a policy meeting on november 30 and december 1 and some analysts expect it to delay plans to ramp up output by 2 million bpd from January.A resolute and coordinated announcement and action by OPEC+ are what is really needed to prevent any further price slide, said commerzbank analyst eugen weinberg. REUTERS']","['https://www.brecorder.com/news/40030063/oil-drops-as-lockdowns-widen-and-us-election-looms', 'https://www.brecorder.com/news/40030028/asian-shares-rebound-on-strong-china-data-oil-on-slippery-slope', 'https://tribune.com.pk/story/2270763/oil-falls-on-widening-lockdowns-us-poll-uncertainty']","['brent, , ']","['oil prices fell', 'oil prices skid', 'oil prices fell']","['neg', 'neg', 'neg']",88.86,"[-5.33, -5.1, -5.33]",-5.25,0,0,,,"{
""Trading Recommendation"": ""Refrain from the Market"",
""Rationale"": ""Given the highly negative news impact coupled with the absence of clear technical signals, it's advisable to refrain from entering the market at this time. The negative sentiment from the news could potentially lead to increased volatility and uncertainty, making it a risky environment for trading.""
}"
11/3/2020,"['Understanding Central Bank Profitability', 'TSX rises on energy boost', 'Oil falls as COVID-19 cases soar, Libya output jumps', 'Oil rises 2pc as US presidential election looms', '‘Relief rally’: PSX mimics global markets, rebounds after yesterday’s plunge', '‘Relief rally’: PSX mimics global markets, rebounds after yesterday’s plunge']","['understanding central bank profitability', 'TSX rises on energy boost', 'oil falls as COVID-19 cases soar, libya output jumps', 'oil rises 2pc as US presidential election looms', 'relief rally PSX mimics global markets, rebounds after yesterdays plunge', 'relief rally PSX mimics global markets, rebounds after yesterdays plunge']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Dawn', 'Dawn']","['The State Bank of Pakistan (SBP) recently announced its financial results for FY20. Amidst much fanfare, the SBP posted its highest ever profit of Rs1.16 trillion, against a loss of Rs1.04 billion in the same period last year.  Before partisan politics blows the numbers out of proportion, it is essential to understand how profitability of central banks works.The primary function of a central bank is to issue currency notes, regulate and supervise the financial system, be the banker for the government, and the lender of last resort. Revenue for a central bank essentially stems from issuance of currency notes, and by being a lender to the government. As of 30th June 2020, banknotes in circulation amounted to Rs6.458 trillion. Essentially, SBP can and will honor any of these banknotes that are presented to it, unless they are discontinued. These banknotes, which are a liability for SBP are backed by its assets, which primarily include investments in Pakistan Investment Bonds (PIB), gold, investments and foreign currency accounts.At the same time, SBP held more than Rs7.2 trillion in PIBs, as well as gold valued at Rs617.4 billion. The mark-up accrued on the PIBs makes up major chunk of revenue for the central bank, amounting to more than Rs1 trillion. The mark-up accrued is largely a function of interest rates prevailing in the market which is in turn dependent on the monetary policy.  The mark-up is paid by the Government of Pakistan.During most part of the last fiscal year, yields on PIBs were well in excess of 12 percent which allowed SBP to accrue a significant increase in revenue. A sharp decline in interest rates following pandemic-driven change in monetary stance may be more apparent in subsequent periods. Similarly, during the period under consideration, the central bank also realized an exchange gain of Rs66 million, against an exchange loss of Rs506 million during the previous year. Higher international gold prices helped SBP accrue an unrealised appreciation of Rs613 million on gold reserves. Following such gains, SBP transferred Rs935 billion to the federal government, enabling it to plug its deficits.The growth in the profitability of the central bank is largely a function of double-digit interest rates which enabled accrual of relatively higher interest income, as well as an improvement in the price of gold, and a nominal exchange gain, compared to the massive exchange loss in the previous year. The magnitude of profitability and its direction is largely a consequence of monetary policy, and sovereign debt. This was a very simplified primer on the central bank’s accounting – the underlying transactions and nuances are much more complex, and can fill up reams of paper.', ""Canada's main stock index rose on Tuesday as energy stocks gained on the back of a rally in oil prices on US presidential election day.The energy sector climbed 2% as US crude prices were up 3.6% a barrel, while Brent crude firmed 3.1%.At 9:38 a.m. ET (14:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 111.9 points, or 0.71%, at 15,808.77.The largest percentage gainers on the TSX were Constellation Software Inc and Torex Gold Resources Inc , rising 7.2% and 5.4%, respectively, after reporting upbeat third-quarter results.The financials sector gained 1.2%. The industrials sector rose 0.7%.The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.5% even as gold futures ticked up 0.1% to $1,891.6 an ounce.On the TSX, 182 issues were higher, while 38 issues declined for a 4.79-to-1 ratio favouring gainers, with 13.84 million shares traded.Aurinia Pharmaceuticals Inc fell 9.3%, the most on the TSX, after its drug candidate for the treatment of dry eye syndrome did not meet the main goal in a mid-to-late stage study, while the second-biggest decliner was Bausch Health Companies Inc, down 6.7%.The most heavily traded shares by volume were Bank of Montreal , Nevada Copper Corp, and Aurora Cannabis Inc.The TSX posted one new 52-week high and no new lows.Across all Canadian issues there were eight new 52-week highs and one new low, with total volume of 25.11 million shares."", 'MELBOURNE: Oil prices slipped on Tuesday as worries about soaring COVID-19 cases, rapidly rising Libyan supply and U.S election jitters outweighed growing hopes that major producers would hold back on planned production increases.U.S. West Texas Intermediate (WTI) crude futures slipped 6 cents, or 0.2%, to $36.75 a barrel at 0159 GMT, while Brent crude futures fell 15 cents, or 0.4%, to $38.82.Italy is the latest country in Europe to tighten COVID-19 restrictions, including limiting travel between the worst-hit regions and imposing a nightly curfew, which will limit fuel demand.“Demand has hit a speed hump as the resurgence in coronavirus cases around the world has resulted in new lockdowns,â€Â\x9d ANZ Research said in a note.Benchmark prices, down sharply over the past week, had a brief reprieve on Monday, rising nearly 3% after Russia’s oil minister held talks with domestic oil companies to delay crude output increases planned for January.Russian Energy Minister Alexander Novak met with the top managers of Russian oil companies on Monday to discuss a possible extension of oil output restrictions into 2021, sources told Reuters.“The Kremlin has effectively stopped two gaps with one bush - defend oil prices and effectively intervene in the rouble’s precipitous decline,â€Â\x9d said Stephen Innes, chief market strategist at Axi.The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, a grouping called OPEC+, slashed oil output from May to support prices and tapered the cut to 7.7 million barrels per day (bpd) in August. They are due to pare that further by 2 million bpd in January.But with soaring cases of COVID-19 in Europe and the United States and the recent swift return of oil supply from Libya following an eight-month blockade, Saudi Arabia and Russia are in favour of delaying the output increase in January.OPEC holds its next full meeting on Nov. 30.In another bearish sign, seven analysts polled by Reuters estimated U.S. crude stocks likely rose by about 2 million barrels in the week to Oct. 30.U.S. inventory data is due from the American Petroleum Institute on Tuesday and the Energy Information Administration on Wednesday.', 'NEW YORK: Oil prices gained nearly 2% on Monday, shaking off earlier losses, as the United States heads into a contentious US presidential election.The oil market has been under pressure in recent days, hit by concerns about weaker fuel demand as several European countries went into lockdown to curb the coronavirus. New infections spiked in the United States as well.Brent crude rose 67 cents, or 1.8%, to $38.61 a barrel by 1:18 p.m. EST (1818 GMT). US West Texas Intermediate rose 68 cents, or 1.9%, to $36.47 a barrel.Both contracts fell more than $2 earlier in the session.Oil pared some losses after Japan\'s export orders grew for the first time in two years and China\'s factory activity rose to its highest in nearly a decade in October. Further, US manufacturing activity accelerated more than expected in October, with new orders jumping to their highest level in nearly 17 years.US stock indexes, which energy futures at times track with, rose on Monday. Analysts said the election outcome most likely to shake equity markets in the near-term would be if there is no clear winner on Tuesday night, as several states remain where votes will need to be counted.President Donald Trump will face off against Democratic candidate Joe Biden in the election, which has spiked concerns nationwide about turbulence and protests stemming from the results.""The concerns over oil supply and demand fundamentals ... are going to play second fiddle to the US presidential election and to how risk markets will react to the outcome,"" said BNP Paribas analyst Harry Tchilinguirian.Countries across Europe have reimposed lockdown measures to try to slow Covid-19 infection rates that have accelerated over the past month.Global oil trading companies and analysts expect further demand destruction because of the resurgence of virus cases, though estimates differ.Vitol sees winter demand at 96 million barrels per day (bpd) while Trafigura expects demand to drop to 92 million bpd or lower.Rystad Energy sees demand peaking in 2028, instead of in 2030, and sees a slower recovery next year.""The lockdowns will stunt economic recovery in the short-term and in the long-term and the pandemic will also leave behind a legacy of behavioral changes that will also affect oil use,"" said Rystad Energy\'s Artyom Tchen.Libyan supply stands at about 800,000 bpd, up more than 100,000 bpd from a few days ago, a Libyan source told Reuters on Saturday.That, and the recent rebound in US operating rigs, is worrying investors concerned about supply again outpacing demand.Output from the Organization of the Petroleum Exporting Countries (OPEC) rose for a fourth month in October, a Reuters survey found.OPEC and allies including Russia are cutting output by about 7.7 million bpd to support prices. This OPEC+ group is scheduled to hold a policy meeting on Nov. 30 and Dec. 1, with some analysts expecting a postponement of plans to ramp up output by 2 million bpd from January. Top managers of Russian oil companies discussed with Russian Energy Minister Alexander Novak a possible extension of current oil output restrictions into the first quarter of 2021, Interfax news agency reported.-Reuters', 'The benchmark KSE-100 gained as much as 1,387 points, or 3.5 per cent, in intra-day trade on Tuesday as an uptick in oil prices, rally in international markets and lower-than-expected inflation figures for October lifted the overall market sentiment.Today\'s rise comes after two days of panic selling – brought on about by fears of new lockdowns to combat rising coronavirus cases – during which the benchmark index lost a combined 2,678 points.But around half of those losses were reversed today, with the KSE-100 closing 1,368 points in the green at 40,480 – up 3.5 per cent for the day. Commercial banks and cement stocks were among the top gainers.“The market witnessed a relief rally after the recent bloodbath. Sentiments improved as both international oil prices and international markets recovered sharply overnight,â€ÂÂ\x9d said Topline Securities Chief Economist Syed Atif Zafar while speaking to Dawn.He further added that inflation figures released by the Pakistan Bureau of Statistics were slightly lower than estimated but today\'s rally cannot be attributed to that alone as the figure was ""still on the higher side"". Inflation in October eased to 8.9 per cent compared to 9pc in September owing to a slight decrease in food prices. The figures were below market expectations as analysts had forecast the monthly price increase to clock in above the 9pc mark.According to Mohammad Sohail of Topline Securities, the rally being witnessed today was in line with global markets while additional support was lent by the rise in crude prices which in turn supported oil stocks.Oil prices gained nearly 3pc on US election day amid a recovery in global financial markets on Tuesday.Brent crude LCOc1 futures rose 70 cents, or 1.8pc to $39.67 a barrel at 0845 GMT, while US West Texas Intermediate crude CLc1 futures were up 78 cents, or 2.1pc, to $37.59 a barrel, according to a Reuters report.Meanwhile, Ali Asghar Poonawala, Deputy Head of Research at AKD Securities, attributed today\'s rise to a ""pull back"" where investors were buying into the decline expecting to book gains as stocks gain momentum. ""This implies that yesterday\'s move was erratic and the market oversold,"" Poonawala said.""This pull back has been made possible in large part by robust improvements in reported earnings and payouts for the outgoing July-September 2020 quarter, with payouts in particular driving performance till ex-dividend dates,"" he added.Asian markets follow Wall Street higher ahead of electionAsian stock markets followed Wall Street higher on Tuesday as investors watched for US election results, hoping a win by challenger Joe Biden in the presidential race might lead to more economic stimulus.Benchmarks in Shanghai, Hong Kong, Seoul and Sydney advanced. Japanese markets were closed for a holiday.Traders are betting that Biden might push for a bigger US stimulus if he unseats US President Donald Trump. That would require support in the Senate, which is controlled by Trump’s Republicans. Some incumbents, also up for re-election this week, face challengers from Biden’s Democratic Party.On Monday, Wall Street closed higher amid indications Biden might be leading.Many investors expect a “Democratic sweep, which is the key to unlocking Congress’s ability to deliver significant fiscal stimulus,â€ÂÂ\x9d said Stephen Innes of Axi in a report.The Shanghai Composite Index rose 1.1 per cent to 3,271.71 and the Hang Seng in Hong Kong added 2pc to 24,956.10. The Kospi in Seoul gained 1.7pc to 2,339.29.In Sydney, the S&P-ASX 200 rose 2.3pc to 6,087.80 after the Reserve Bank of Australia (RBA) cut its key interest rate by 0.15 percentage point to a record low 0.1pc. The rate cut was expected.The central bank governor, Philip Lowe, said the RBA was committed to doing what it can to create jobs. The Australian economy contracted during the first half of the calendar year, although Lowe said he expects official data will reveal some growth in the September quarter.India’s Sensex opened up 0.9pc at 40,131.45. New Zealand and Southeast Asian markets advanced.Investors have swung between optimism the global economy was coping better with the coronavirus pandemic and unease that US legislators have failed to approve new aid after expanded unemployment benefits that supported consumer spending expired.Traders appear to be hoping a win by Biden and Democrats in the Senate might break the deadlock.Markets are uneasy about rising infection rates in Europe, which are prompting more governments to reimpose restrictions on travel and business.On Wall Street, the benchmark S&P 500 index rose 1.2pc to 3,310.24. The Dow Jones Industrial Average gained 1.6pc to 26,925.05. The Nasdaq composite picked up 0.4pc,to 10,957.61.Also this week, the US Federal Reserve is due to announce its latest decision on interest rates on Thursday.The US Labor Department releases its monthly jobs report the following day. About 130 companies in the S&P 500 are scheduled to report results this week.Investors worry that a contested election would mean it could be weeks before the winner of the White House is certain.Which party gets control of the Senate may be just as important as the presidency. If Democrats can gain complete control of Washington, many investors expect them to deliver a big dose of support for the economy.Democrats and Republicans have been haggling about a stimulus renewal for months, since the last round of supplemental benefits for laid-off workers and other stimulus expired. But a deep partisan divide has so far stymied progress.Investors and economists alike say the economy needs fresh stimulus, particularly when coronavirus counts are accelerating at troubling rates across Europe and much of the United States.Such worries helped drive the S&P 500 to a 5.6pc loss last week. That was its worst since March.In other trading, benchmark US crude oil added five cents to $36.86 per barrel in electronic trading on the New York Mercantile Exchange. It gained $1.02 on Monday to $36.81 per barrel. Brent crude, the international standard, was unchanged at $38.97 per barrel.The US dollar was nearly unchanged at 104.74 Japanese yen, compared with 104.75 yen late on Monday. The euro weakened to $1.1652 from $1.1658.Additional reporting by AP', 'The benchmark KSE-100 gained as much as 1,387 points, or 3.5 per cent, in intra-day trade on Tuesday as an uptick in oil prices, rally in international markets and lower-than-expected inflation figures for October lifted the overall market sentiment.Today\'s rise comes after two days of panic selling – brought on about by fears of new lockdowns to combat rising coronavirus cases – during which the benchmark index lost a combined 2,678 points.But around half of those losses were reversed today, with the KSE-100 closing 1,368 points in the green at 40,480 – up 3.5 per cent for the day. Commercial banks and cement stocks were among the top gainers.“The market witnessed a relief rally after the recent bloodbath. Sentiments improved as both international oil prices and international markets recovered sharply overnight,â€ÂÂ\x9d said Topline Securities Chief Economist Syed Atif Zafar while speaking to Dawn.He further added that inflation figures released by the Pakistan Bureau of Statistics were slightly lower than estimated but today\'s rally cannot be attributed to that alone as the figure was ""still on the higher side"". Inflation in October eased to 8.9 per cent compared to 9pc in September owing to a slight decrease in food prices. The figures were below market expectations as analysts had forecast the monthly price increase to clock in above the 9pc mark.According to Mohammad Sohail of Topline Securities, the rally being witnessed today was in line with global markets while additional support was lent by the rise in crude prices which in turn supported oil stocks.Oil prices gained nearly 3pc on US election day amid a recovery in global financial markets on Tuesday.Brent crude LCOc1 futures rose 70 cents, or 1.8pc to $39.67 a barrel at 0845 GMT, while US West Texas Intermediate crude CLc1 futures were up 78 cents, or 2.1pc, to $37.59 a barrel, according to a Reuters report.Meanwhile, Ali Asghar Poonawala, Deputy Head of Research at AKD Securities, attributed today\'s rise to a ""pull back"" where investors were buying into the decline expecting to book gains as stocks gain momentum. ""This implies that yesterday\'s move was erratic and the market oversold,"" Poonawala said.""This pull back has been made possible in large part by robust improvements in reported earnings and payouts for the outgoing July-September 2020 quarter, with payouts in particular driving performance till ex-dividend dates,"" he added.Asian markets follow Wall Street higher ahead of electionAsian stock markets followed Wall Street higher on Tuesday as investors watched for US election results, hoping a win by challenger Joe Biden in the presidential race might lead to more economic stimulus.Benchmarks in Shanghai, Hong Kong, Seoul and Sydney advanced. Japanese markets were closed for a holiday.Traders are betting that Biden might push for a bigger US stimulus if he unseats US President Donald Trump. That would require support in the Senate, which is controlled by Trump’s Republicans. Some incumbents, also up for re-election this week, face challengers from Biden’s Democratic Party.On Monday, Wall Street closed higher amid indications Biden might be leading.Many investors expect a “Democratic sweep, which is the key to unlocking Congress’s ability to deliver significant fiscal stimulus,â€ÂÂ\x9d said Stephen Innes of Axi in a report.The Shanghai Composite Index rose 1.1 per cent to 3,271.71 and the Hang Seng in Hong Kong added 2pc to 24,956.10. The Kospi in Seoul gained 1.7pc to 2,339.29.In Sydney, the S&P-ASX 200 rose 2.3pc to 6,087.80 after the Reserve Bank of Australia (RBA) cut its key interest rate by 0.15 percentage point to a record low 0.1pc. The rate cut was expected.The central bank governor, Philip Lowe, said the RBA was committed to doing what it can to create jobs. The Australian economy contracted during the first half of the calendar year, although Lowe said he expects official data will reveal some growth in the September quarter.India’s Sensex opened up 0.9pc at 40,131.45. New Zealand and Southeast Asian markets advanced.Investors have swung between optimism the global economy was coping better with the coronavirus pandemic and unease that US legislators have failed to approve new aid after expanded unemployment benefits that supported consumer spending expired.Traders appear to be hoping a win by Biden and Democrats in the Senate might break the deadlock.Markets are uneasy about rising infection rates in Europe, which are prompting more governments to reimpose restrictions on travel and business.On Wall Street, the benchmark S&P 500 index rose 1.2pc to 3,310.24. The Dow Jones Industrial Average gained 1.6pc to 26,925.05. The Nasdaq composite picked up 0.4pc,to 10,957.61.Also this week, the US Federal Reserve is due to announce its latest decision on interest rates on Thursday.The US Labor Department releases its monthly jobs report the following day. About 130 companies in the S&P 500 are scheduled to report results this week.Investors worry that a contested election would mean it could be weeks before the winner of the White House is certain.Which party gets control of the Senate may be just as important as the presidency. If Democrats can gain complete control of Washington, many investors expect them to deliver a big dose of support for the economy.Democrats and Republicans have been haggling about a stimulus renewal for months, since the last round of supplemental benefits for laid-off workers and other stimulus expired. But a deep partisan divide has so far stymied progress.Investors and economists alike say the economy needs fresh stimulus, particularly when coronavirus counts are accelerating at troubling rates across Europe and much of the United States.Such worries helped drive the S&P 500 to a 5.6pc loss last week. That was its worst since March.In other trading, benchmark US crude oil added five cents to $36.86 per barrel in electronic trading on the New York Mercantile Exchange. It gained $1.02 on Monday to $36.81 per barrel. Brent crude, the international standard, was unchanged at $38.97 per barrel.The US dollar was nearly unchanged at 104.74 Japanese yen, compared with 104.75 yen late on Monday. The euro weakened to $1.1652 from $1.1658.Additional reporting by AP']","['the state bank of pakistan (SBP) recently announced its financial results for FY20. amidst much fanfare, the SBP posted its highest ever profit of rs 1.16 trillion, against a loss of rs 1.04 billion in the same period last year. before partisan politics blows the numbers out of proportion, it is essential to understand how profitability of central banks works.the primary function of a central bank is to issue currency notes, regulate and supervise the financial system, be the banker for the government, and the lender of last resort. revenue for a central bank essentially stems from issuance of currency notes, and by being a lender to the government. as of 30th june 2020, banknotes in circulation amounted to rs 6.458 trillion. essentially, SBP can and will honor any of these banknotes that are presented to it, unless they are discontinued. these banknotes, which are a liability for SBP are backed by its assets, which primarily include investments in pakistan investment bonds (PIB), gold, investments and foreign currency accounts.at the same time, SBP held more than rs 7.2 trillion in PIBs, as well as gold valued at rs 617.4 billion. the mark-up accrued on the PIBs makes up major chunk of revenue for the central bank, amounting to more than rs 1 trillion. the mark-up accrued is largely a function of interest rates prevailing in the market which is in turn dependent on the monetary policy. the mark-up is paid by the government of Pakistan.During most part of the last fiscal year, yields on PIBs were well in excess of 12 percent which allowed SBP to accrue a significant increase in revenue. A sharp decline in interest rates following pandemic-driven change in monetary stance may be more apparent in subsequent periods. similarly, during the period under consideration, the central bank also realized an exchange gain of rs 66 million, against an exchange loss of rs 506 million during the previous year. higher international gold prices helped SBP accrue an unrealised appreciation of rs 613 million on gold reserves. following such gains, SBP transferred rs 935 billion to the federal government, enabling it to plug its deficits.the growth in the profitability of the central bank is largely a function of double-digit interest rates which enabled accrual of relatively higher interest income, as well as an improvement in the price of gold, and a nominal exchange gain, compared to the massive exchange loss in the previous year. the magnitude of profitability and its direction is largely a consequence of monetary policy, and sovereign debt. this was a very simplified primer on the central banks accounting the underlying transactions and nuances are much more complex, and can fill up reams of paper.', 'canada main stock index rose on tuesday as energy stocks gained on the back of a rally in oil prices on US presidential election day.the energy sector climbed 2% as US crude prices were up 3.6% a barrel, while brent crude firmed 3.1%.at 9 38 a.m. ET (14 38 GMT), the toronto stock exchange S&P/TSX composite index was up 111.9 points, or 0.71%, at 15,808.77.the largest percentage gainers on the TSX were constellation software inc and torex gold resources inc , rising 7.2% and 5.4%, respectively, after reporting upbeat third-quarter results.the financials sector gained 1.2%. the industrials sector rose 0.7%.the materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.5% even as gold futures ticked up 0.1% to $1,891.6 an ounce.on the TSX, 182 issues were higher, while 38 issues declined for a 4.79-to-1 ratio favouring gainers, with 13.84 million shares traded.aurinia pharmaceuticals inc fell 9.3%, the most on the TSX, after its drug candidate for the treatment of dry eye syndrome did not meet the main goal in a mid-to-late stage study, while the second-biggest decliner was bausch health companies inc, down 6.7%.the most heavily traded shares by volume were bank of montreal , nevada copper corp, and aurora cannabis Inc.The TSX posted one new 52-week high and no new lows.across all canadian issues there were eight new 52-week highs and one new low, with total volume of 25.11 million shares.', 'MELBOURNE oil prices slipped on tuesday as worries about soaring COVID-19 cases, rapidly rising libyan supply and U.S election jitters outweighed growing hopes that major producers would hold back on planned production increases.U.S. west texas intermediate (WTI) crude futures slipped 6 cents, or 0.2%, to $36.75 a barrel at 0159 GMT, while brent crude futures fell 15 cents, or 0.4%, to $38.82.italy is the latest country in europe to tighten COVID-19 restrictions, including limiting travel between the worst-hit regions and imposing a nightly curfew, which will limit fuel demand.demand has hit a speed hump as the resurgence in coronavirus cases around the world has resulted in new lockdowns, ANZ research said in a note.benchmark prices, down sharply over the past week, had a brief reprieve on monday, rising nearly 3% after russias oil minister held talks with domestic oil companies to delay crude output increases planned for January.Russian energy minister alexander novak met with the top managers of russian oil companies on monday to discuss a possible extension of oil output restrictions into 2021, sources told Reuters.The kremlin has effectively stopped two gaps with one bush - defend oil prices and effectively intervene in the roubles precipitous decline, said stephen innes, chief market strategist at Axi.The organization of the petroleum exporting countries (OPEC) and allies including russia, a grouping called OPEC+, slashed oil output from may to support prices and tapered the cut to 7.7 million barrels per day (bpd) in august. they are due to pare that further by 2 million bpd in January.But with soaring cases of COVID-19 in europe and the united states and the recent swift return of oil supply from libya following an eight-month blockade, saudi arabia and russia are in favour of delaying the output increase in January.OPEC holds its next full meeting on nov. 30.in another bearish sign, seven analysts polled by reuters estimated U.S. crude stocks likely rose by about 2 million barrels in the week to oct. 30.U.S. inventory data is due from the american petroleum institute on tuesday and the energy information administration on wednesday.', 'NEW YORK oil prices gained nearly 2% on monday, shaking off earlier losses, as the united states heads into a contentious US presidential election.the oil market has been under pressure in recent days, hit by concerns about weaker fuel demand as several european countries went into lockdown to curb the coronavirus. new infections spiked in the united states as well.brent crude rose 67 cents, or 1.8%, to $38.61 a barrel by 1 18 p.m. EST (1818 GMT). US west texas intermediate rose 68 cents, or 1.9%, to $36.47 a barrel.both contracts fell more than $2 earlier in the session.oil pared some losses after japan export orders grew for the first time in two years and china factory activity rose to its highest in nearly a decade in october. further, US manufacturing activity accelerated more than expected in october, with new orders jumping to their highest level in nearly 17 years.US stock indexes, which energy futures at times track with, rose on monday. analysts said the election outcome most likely to shake equity markets in the near-term would be if there is no clear winner on tuesday night, as several states remain where votes will need to be counted.president donald trump will face off against democratic candidate joe biden in the election, which has spiked concerns nationwide about turbulence and protests stemming from the results.""the concerns over oil supply and demand fundamentals . are going to play second fiddle to the US presidential election and to how risk markets will react to the outcome,"" said BNP paribas analyst harry Tchilinguirian.Countries across europe have reimposed lockdown measures to try to slow Covid-19 infection rates that have accelerated over the past month.global oil trading companies and analysts expect further demand destruction because of the resurgence of virus cases, though estimates differ.vitol sees winter demand at 96 million barrels per day (bpd) while trafigura expects demand to drop to 92 million bpd or lower.rystad energy sees demand peaking in 2028, instead of in 2030, and sees a slower recovery next year.""the lockdowns will stunt economic recovery in the short-term and in the long-term and the pandemic will also leave behind a legacy of behavioral changes that will also affect oil use,"" said rystad energy artyom Tchen.Libyan supply stands at about 800,000 bpd, up more than 100,000 bpd from a few days ago, a libyan source told reuters on Saturday.That, and the recent rebound in US operating rigs, is worrying investors concerned about supply again outpacing demand.output from the organization of the petroleum exporting countries (OPEC) rose for a fourth month in october, a reuters survey found.OPEC and allies including russia are cutting output by about 7.7 million bpd to support prices. this OPEC+ group is scheduled to hold a policy meeting on nov. 30 and dec. 1, with some analysts expecting a postponement of plans to ramp up output by 2 million bpd from january. top managers of russian oil companies discussed with russian energy minister alexander novak a possible extension of current oil output restrictions into the first quarter of 2021, interfax news agency reported.-Reuters', 'the benchmark KSE-100 gained as much as 1,387 points, or 3.5 per cent, in intra-day trade on tuesday as an uptick in oil prices, rally in international markets and lower-than-expected inflation figures for october lifted the overall market sentiment.today rise comes after two days of panic selling brought on about by fears of new lockdowns to combat rising coronavirus cases during which the benchmark index lost a combined 2,678 points.but around half of those losses were reversed today, with the KSE-100 closing 1,368 points in the green at 40,480 up 3.5 per cent for the day. commercial banks and cement stocks were among the top gainers.the market witnessed a relief rally after the recent bloodbath. sentiments improved as both international oil prices and international markets recovered sharply overnight, said topline securities chief economist syed atif zafar while speaking to Dawn.He further added that inflation figures released by the pakistan bureau of statistics were slightly lower than estimated but today rally cannot be attributed to that alone as the figure was ""still on the higher side"". inflation in october eased to 8.9 per cent compared to 9pc in september owing to a slight decrease in food prices. the figures were below market expectations as analysts had forecast the monthly price increase to clock in above the 9pc mark.according to mohammad sohail of topline securities, the rally being witnessed today was in line with global markets while additional support was lent by the rise in crude prices which in turn supported oil stocks.oil prices gained nearly 3pc on US election day amid a recovery in global financial markets on Tuesday.Brent crude LCOc1 futures rose 70 cents, or 1.8pc to $39.67 a barrel at 0845 GMT, while US west texas intermediate crude CLc1 futures were up 78 cents, or 2.1pc, to $37.59 a barrel, according to a reuters report.meanwhile, ali asghar poonawala, deputy head of research at AKD securities, attributed today rise to a ""pull back"" where investors were buying into the decline expecting to book gains as stocks gain momentum. ""this implies that yesterday move was erratic and the market oversold,"" poonawala said.""this pull back has been made possible in large part by robust improvements in reported earnings and payouts for the outgoing July-September 2020 quarter, with payouts in particular driving performance till ex-dividend dates,"" he added.asian markets follow wall street higher ahead of electionasian stock markets followed wall street higher on tuesday as investors watched for US election results, hoping a win by challenger joe biden in the presidential race might lead to more economic stimulus.benchmarks in shanghai, hong kong, seoul and sydney advanced. japanese markets were closed for a holiday.traders are betting that biden might push for a bigger US stimulus if he unseats US president donald trump. that would require support in the senate, which is controlled by trumps republicans. some incumbents, also up for re-election this week, face challengers from bidens democratic Party.On monday, wall street closed higher amid indications biden might be leading.many investors expect a democratic sweep, which is the key to unlocking congresss ability to deliver significant fiscal stimulus, said stephen innes of axi in a report.the shanghai composite index rose 1.1 per cent to 3,271.71 and the hang seng in hong kong added 2pc to 24,956.10. the kospi in seoul gained 1.7pc to 2,339.29.in sydney, the S&P-ASX 200 rose 2.3pc to 6,087.80 after the reserve bank of australia (RBA) cut its key interest rate by 0.15 percentage point to a record low 0.1pc. the rate cut was expected.the central bank governor, philip lowe, said the RBA was committed to doing what it can to create jobs. the australian economy contracted during the first half of the calendar year, although lowe said he expects official data will reveal some growth in the september quarter.indias sensex opened up 0.9pc at 40,131.45. new zealand and southeast asian markets advanced.investors have swung between optimism the global economy was coping better with the coronavirus pandemic and unease that US legislators have failed to approve new aid after expanded unemployment benefits that supported consumer spending expired.traders appear to be hoping a win by biden and democrats in the senate might break the deadlock.markets are uneasy about rising infection rates in europe, which are prompting more governments to reimpose restrictions on travel and business.on wall street, the benchmark S&P 500 index rose 1.2pc to 3,310.24. the dow jones industrial average gained 1.6pc to 26,925.05. the nasdaq composite picked up 0.4pc,to 10,957.61.also this week, the US federal reserve is due to announce its latest decision on interest rates on Thursday.The US labor department releases its monthly jobs report the following day. about 130 companies in the S&P 500 are scheduled to report results this week.investors worry that a contested election would mean it could be weeks before the winner of the white house is certain.which party gets control of the senate may be just as important as the presidency. if democrats can gain complete control of washington, many investors expect them to deliver a big dose of support for the economy.democrats and republicans have been haggling about a stimulus renewal for months, since the last round of supplemental benefits for laid-off workers and other stimulus expired. but a deep partisan divide has so far stymied progress.investors and economists alike say the economy needs fresh stimulus, particularly when coronavirus counts are accelerating at troubling rates across europe and much of the united States.Such worries helped drive the S&P 500 to a 5.6pc loss last week. that was its worst since March.In other trading, benchmark US crude oil added five cents to $36.86 per barrel in electronic trading on the new york mercantile exchange. it gained $1.02 on monday to $36.81 per barrel. brent crude, the international standard, was unchanged at $38.97 per barrel.the US dollar was nearly unchanged at 104.74 japanese yen, compared with 104.75 yen late on monday. the euro weakened to $1.1652 from $1.1658.additional reporting by AP', 'the benchmark KSE-100 gained as much as 1,387 points, or 3.5 per cent, in intra-day trade on tuesday as an uptick in oil prices, rally in international markets and lower-than-expected inflation figures for october lifted the overall market sentiment.today rise comes after two days of panic selling brought on about by fears of new lockdowns to combat rising coronavirus cases during which the benchmark index lost a combined 2,678 points.but around half of those losses were reversed today, with the KSE-100 closing 1,368 points in the green at 40,480 up 3.5 per cent for the day. commercial banks and cement stocks were among the top gainers.the market witnessed a relief rally after the recent bloodbath. sentiments improved as both international oil prices and international markets recovered sharply overnight, said topline securities chief economist syed atif zafar while speaking to Dawn.He further added that inflation figures released by the pakistan bureau of statistics were slightly lower than estimated but today rally cannot be attributed to that alone as the figure was ""still on the higher side"". inflation in october eased to 8.9 per cent compared to 9pc in september owing to a slight decrease in food prices. the figures were below market expectations as analysts had forecast the monthly price increase to clock in above the 9pc mark.according to mohammad sohail of topline securities, the rally being witnessed today was in line with global markets while additional support was lent by the rise in crude prices which in turn supported oil stocks.oil prices gained nearly 3pc on US election day amid a recovery in global financial markets on Tuesday.Brent crude LCOc1 futures rose 70 cents, or 1.8pc to $39.67 a barrel at 0845 GMT, while US west texas intermediate crude CLc1 futures were up 78 cents, or 2.1pc, to $37.59 a barrel, according to a reuters report.meanwhile, ali asghar poonawala, deputy head of research at AKD securities, attributed today rise to a ""pull back"" where investors were buying into the decline expecting to book gains as stocks gain momentum. ""this implies that yesterday move was erratic and the market oversold,"" poonawala said.""this pull back has been made possible in large part by robust improvements in reported earnings and payouts for the outgoing July-September 2020 quarter, with payouts in particular driving performance till ex-dividend dates,"" he added.asian markets follow wall street higher ahead of electionasian stock markets followed wall street higher on tuesday as investors watched for US election results, hoping a win by challenger joe biden in the presidential race might lead to more economic stimulus.benchmarks in shanghai, hong kong, seoul and sydney advanced. japanese markets were closed for a holiday.traders are betting that biden might push for a bigger US stimulus if he unseats US president donald trump. that would require support in the senate, which is controlled by trumps republicans. some incumbents, also up for re-election this week, face challengers from bidens democratic Party.On monday, wall street closed higher amid indications biden might be leading.many investors expect a democratic sweep, which is the key to unlocking congresss ability to deliver significant fiscal stimulus, said stephen innes of axi in a report.the shanghai composite index rose 1.1 per cent to 3,271.71 and the hang seng in hong kong added 2pc to 24,956.10. the kospi in seoul gained 1.7pc to 2,339.29.in sydney, the S&P-ASX 200 rose 2.3pc to 6,087.80 after the reserve bank of australia (RBA) cut its key interest rate by 0.15 percentage point to a record low 0.1pc. the rate cut was expected.the central bank governor, philip lowe, said the RBA was committed to doing what it can to create jobs. the australian economy contracted during the first half of the calendar year, although lowe said he expects official data will reveal some growth in the september quarter.indias sensex opened up 0.9pc at 40,131.45. new zealand and southeast asian markets advanced.investors have swung between optimism the global economy was coping better with the coronavirus pandemic and unease that US legislators have failed to approve new aid after expanded unemployment benefits that supported consumer spending expired.traders appear to be hoping a win by biden and democrats in the senate might break the deadlock.markets are uneasy about rising infection rates in europe, which are prompting more governments to reimpose restrictions on travel and business.on wall street, the benchmark S&P 500 index rose 1.2pc to 3,310.24. the dow jones industrial average gained 1.6pc to 26,925.05. the nasdaq composite picked up 0.4pc,to 10,957.61.also this week, the US federal reserve is due to announce its latest decision on interest rates on Thursday.The US labor department releases its monthly jobs report the following day. about 130 companies in the S&P 500 are scheduled to report results this week.investors worry that a contested election would mean it could be weeks before the winner of the white house is certain.which party gets control of the senate may be just as important as the presidency. if democrats can gain complete control of washington, many investors expect them to deliver a big dose of support for the economy.democrats and republicans have been haggling about a stimulus renewal for months, since the last round of supplemental benefits for laid-off workers and other stimulus expired. but a deep partisan divide has so far stymied progress.investors and economists alike say the economy needs fresh stimulus, particularly when coronavirus counts are accelerating at troubling rates across europe and much of the united States.Such worries helped drive the S&P 500 to a 5.6pc loss last week. that was its worst since March.In other trading, benchmark US crude oil added five cents to $36.86 per barrel in electronic trading on the new york mercantile exchange. it gained $1.02 on monday to $36.81 per barrel. brent crude, the international standard, was unchanged at $38.97 per barrel.the US dollar was nearly unchanged at 104.74 japanese yen, compared with 104.75 yen late on monday. the euro weakened to $1.1652 from $1.1658.additional reporting by AP']","['https://www.brecorder.com/news/40030278/understanding-central-bank-profitability', 'https://www.brecorder.com/news/40030361/tsx-rises-on-energy-boost', 'https://www.brecorder.com/news/40030281/oil-falls-as-covid-19-cases-soar-libya-output-jumps', 'https://www.brecorder.com/news/40030242/oil-rises-2pc-as-us-presidential-election-looms', 'https://www.dawn.com/news/1588395/relief-rally-psx-mimics-global-markets-rebounds-after-yesterdays-plunge', 'https://www.dawn.com/news/1588395/relief-rally-psx-mimics-global-markets-rebounds-after-yesterdays-plunge']","['brent, , ', 'debt, pakistan, ']","['SBP posted its highest ever profit', 'energy stocks gained on', 'oil prices slip', 'oil prices gained', 'oil prices gained', 'uptick in oil prices']","['pos', 'pos', 'neg', 'pos', 'pos', 'pos']",91.19,"[1.98, 1.61, -1.78, 4.14, 4.14, 1.98]",2.01,2,3,,,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""Considering the technical indicators and recent news impact, a Buy signal is recommended. The technical analysis indicates a positive sentiment, particularly with EMA55 and EMA9 signals both pointing towards a buy sentiment. Although the news impact is slightly positive, it reinforces the overall sentiment. Therefore, based on the alignment of technical analysis and recent news, a Buy signal is suggested. Continuous monitoring of the market is advised.""
}"
11/4/2020,"['Oil rises after Trump falsely claims victory in election', 'Oil rises after Trump falsely claims victory in tight US election', 'Saudi bourse leads most Gulf markets higher']","['oil rises after trump falsely claims victory in election', 'oil rises after trump falsely claims victory in tight US election', 'saudi bourse leads most gulf markets higher']","['Tribune', 'Business Recorder', 'Business Recorder']","['LONDON:Oil prices rose nearly 3% on Wednesday after President Donald Trump falsely claimed victory in a tight US election with millions of votes still to be counted and the final result not yet clear.A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi Arabia-led Organisation of the Petroleum Exporting Countries (OPEC) oil cuts to support prices.A contested result and prolonged uncertainty is seen as the most bearish outcome for oil and markets in general, while a win for Joe Biden would be seen as bearish to neutral because of his support for green policies and softer stance on Iran.West Texas Intermediate CLc1 was up $0.94, or 2.44%, at $38.60 a barrel by 1156 GMT. Brent crude LCOc1 was up $1.02, or 2.50%, at $40.73.Trump falsely claimed to have won after his Democratic challenger Biden said he was confident of winning a contest that will not be resolved until a handful of states finish vote counts in the next hours or days.“This (potential Trump victory) is bullish for oil as OPEC+ can keep cutting without fear that Iranian oil supply will come back into the market any time soon,â€ÂÂ\x9d said Bjarne Schieldrop at SEB.Equity markets were volatile and bonds traded higher as vote counting showed the election was closer than polls had forecast.Oil prices were also supported by the possibility that OPEC producers and Russia could consider deferring a planned increase in oil output from January as a second coronavirus wave stifles a recovery in fuel demand.OPEC and allies led by Russia, a grouping known as OPEC+, earlier agreed to ease cuts by 2 million barrels per day (bpd) from the current 7.7 million bpd from January.More lockdowns could cap oil price gains. Italy, Norway and Hungary have tightened coronavirus curbs, following Britain, France and other countries.', 'LONDON: Oil prices rose nearly 3% on Wednesday after President Donald Trump falsely claimed victory in a tight US election with millions of votes still to be counted and the final result not yet clear.A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi-led OPEC oil cuts to support prices.A contested result and prolonged uncertainty is seen as the most bearish outcome for oil and markets in general, while a win for Joe Biden would be seen as bearish to neutral because of his support for green policies and softer stance on Iran.West Texas Intermediate was up $0.94 cents, or 2.44%, at $38.60 a barrel by 1156 GMT.Brent crude was up by 1.02 cents, or 2.50%, at $40.73.Trump falsely claimed to have won after his Democratic challenger Biden said he was confident of winning a contest that will not be resolved until a handful of states finish vote counts in the next hours or days.""This (potential Trump victory) is bullish for oil as OPEC+ can keep cutting without fear that Iranian oil supply will come back into the market any time soon,"" said Bjarne Schieldrop at SEB.Equity markets were volatile and bonds traded higher as vote counting showed the election was closer than polls had forecast.Oil prices were also supported by the possibility that OPEC producers and Russia could consider deferring a planned increase in OPEC+ oil output from January as a second coronavirus wave stifles a recovery in fuel demand.The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a grouping known as OPEC+, earlier agreed to ease cuts by 2 million barrels per day from the current 7.7 million bpd from January.More lockdowns could cap oil price gains. Italy, Norway and Hungary have tightened coronavirus curbs, following Britain, France and other countries.', ""Most Middle Eastern Markets ended higher on Wednesday mirroring gains in oil prices, after President Donald Trump falsely claimed victory in a tight US election that proved far closer than polls had predicted.A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi-led OPEC oil cuts to support prices.Brent crude was up by 1.02 cents, or 2.50%, at $40.73 by 1242 GMT.Saudi Arabia's benchmark index advanced 1.1%, boosted by a 2.9% rise in Samba Financial Group and a 0.7% increase in oil giant Saudi Aramco.Aramco, the world's top oil producing company, on Tuesday reported a net profit of 44.21 billion riyals ($11.79 billion) for the three months ended Sept. 30, in line with an analysts' estimate provided by Refinitiv.Dubai's main share index rose 0.7%, sharia-compliant lender Dubai Islamic Bank climbed 1.8%, and Emirates NBD Bank was up 1%.The bank confirmed on Tuesday it was in discussions with Lebanon's Blom Bank regarding the potential acquisition of Blom Bank Egypt.In Abu Dhabi, the index gained 0.9%, led by a 3.8% jump in International Holding.Last week, the aquaculture company reported a net profit of 958.9 million dirhams ($261.08 million) in the third quarter, up from 16.6 million dirhams a year earlier.The Qatari index inched up 0.3%, supported by a 1.5% gain in Qatar Fuel Co.The Gulf state's budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich Gulf country from oil price volatility, Qatar's Emir said on Tuesday.Outside the Gulf, Egypt's blue-chip index closed up 0.4%, led by a 0.2% rise in top lender Commercial International Bank.""]","['LONDON oil prices rose nearly 3% on wednesday after president donald trump falsely claimed victory in a tight US election with millions of votes still to be counted and the final result not yet clear.a victory by trump is viewed as bullish for oil because of sanctions on iran and his support for saudi Arabia-led organisation of the petroleum exporting countries (OPEC) oil cuts to support prices.a contested result and prolonged uncertainty is seen as the most bearish outcome for oil and markets in general, while a win for joe biden would be seen as bearish to neutral because of his support for green policies and softer stance on Iran.West texas intermediate CLc1 was up $0.94, or 2.44%, at $38.60 a barrel by 1156 GMT. brent crude LCOc1 was up $1.02, or 2.50%, at $40.73.trump falsely claimed to have won after his democratic challenger biden said he was confident of winning a contest that will not be resolved until a handful of states finish vote counts in the next hours or days.this (potential trump victory) is bullish for oil as OPEC+ can keep cutting without fear that iranian oil supply will come back into the market any time soon, said bjarne schieldrop at SEB.Equity markets were volatile and bonds traded higher as vote counting showed the election was closer than polls had forecast.oil prices were also supported by the possibility that OPEC producers and russia could consider deferring a planned increase in oil output from january as a second coronavirus wave stifles a recovery in fuel demand.OPEC and allies led by russia, a grouping known as OPEC+, earlier agreed to ease cuts by 2 million barrels per day (bpd) from the current 7.7 million bpd from January.More lockdowns could cap oil price gains. italy, norway and hungary have tightened coronavirus curbs, following britain, france and other countries.', 'LONDON oil prices rose nearly 3% on wednesday after president donald trump falsely claimed victory in a tight US election with millions of votes still to be counted and the final result not yet clear.a victory by trump is viewed as bullish for oil because of sanctions on iran and his support for Saudi-led OPEC oil cuts to support prices.a contested result and prolonged uncertainty is seen as the most bearish outcome for oil and markets in general, while a win for joe biden would be seen as bearish to neutral because of his support for green policies and softer stance on Iran.West texas intermediate was up $0.94 cents, or 2.44%, at $38.60 a barrel by 1156 GMT.Brent crude was up by 1.02 cents, or 2.50%, at $40.73.trump falsely claimed to have won after his democratic challenger biden said he was confident of winning a contest that will not be resolved until a handful of states finish vote counts in the next hours or days.""this (potential trump victory) is bullish for oil as OPEC+ can keep cutting without fear that iranian oil supply will come back into the market any time soon,"" said bjarne schieldrop at SEB.Equity markets were volatile and bonds traded higher as vote counting showed the election was closer than polls had forecast.oil prices were also supported by the possibility that OPEC producers and russia could consider deferring a planned increase in OPEC+ oil output from january as a second coronavirus wave stifles a recovery in fuel demand.the organization of the petroleum exporting countries (OPEC) and allies led by russia, a grouping known as OPEC+, earlier agreed to ease cuts by 2 million barrels per day from the current 7.7 million bpd from January.More lockdowns could cap oil price gains. italy, norway and hungary have tightened coronavirus curbs, following britain, france and other countries.', ""most middle eastern markets ended higher on wednesday mirroring gains in oil prices, after president donald trump falsely claimed victory in a tight US election that proved far closer than polls had predicted.a victory by trump is viewed as bullish for oil because of sanctions on iran and his support for Saudi-led OPEC oil cuts to support prices.brent crude was up by 1.02 cents, or 2.50%, at $40.73 by 1242 GMT.Saudi arabia benchmark index advanced 1.1%, boosted by a 2.9% rise in samba financial group and a 0.7% increase in oil giant saudi Aramco.Aramco, the world top oil producing company, on tuesday reported a net profit of 44.21 billion riyals ($11.79 billion) for the three months ended sept. 30, in line with an analysts' estimate provided by Refinitiv.Dubai main share index rose 0.7%, sharia-compliant lender dubai islamic bank climbed 1.8%, and emirates NBD bank was up 1%.the bank confirmed on tuesday it was in discussions with lebanon blom bank regarding the potential acquisition of blom bank Egypt.In abu dhabi, the index gained 0.9%, led by a 3.8% jump in international Holding.Last week, the aquaculture company reported a net profit of 958.9 million dirhams ($261.08 million) in the third quarter, up from 16.6 million dirhams a year earlier.the qatari index inched up 0.3%, supported by a 1.5% gain in qatar fuel Co.The gulf state budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich gulf country from oil price volatility, qatar emir said on Tuesday.Outside the gulf, egypt blue-chip index closed up 0.4%, led by a 0.2% rise in top lender commercial international bank.""]","['https://tribune.com.pk/story/2271040/oil-rises-after-trump-falsely-claims-victory-in-election', 'https://www.brecorder.com/news/40030588/oil-rises-after-trump-falsely-claims-victory-in-tight-us-election', 'https://www.brecorder.com/news/40030624/saudi-bourse-leads-most-gulf-markets-higher']","['brent, , ']","['bullish for oil', 'bullish for oil', 'bullish for oil']","['pos', 'pos', 'pos']",92.03,"[4.79, 4.79, 4.79]",4.79,2,3,,,"{
  ""Trading Recommendation"": ""Strong Buy"",
  ""Rationale"": ""The overall news impact is highly positive, suggesting a bullish market sentiment. Additionally, although complete technical indicator data is not available, the market_signal leans towards a positive direction, further supporting the buy recommendation.""
}"
11/5/2020,"['Saudi bourse leads most Gulf markets higher', 'Oil down 1% as U.S. dollar firms on bets of split White House, Senate', 'Oil drops as US election uncertainty dominates markets', 'Oil drops as US election uncertainty dominates markets', 'Oil drops as US election uncertainty dominates markets', 'Oil drops as US election uncertainty dominates markets', 'Oil rises 3pc', 'Body formed to deal with Rs1trn circular debt']","['saudi bourse leads most gulf markets higher', 'oil down 1% as U.S. dollar firms on bets of split white house, senate', 'oil drops as US election uncertainty dominates markets', 'oil drops as US election uncertainty dominates markets', 'oil drops as US election uncertainty dominates markets', 'oil drops as US election uncertainty dominates markets', 'oil rises 3pc', 'body formed to deal with rs 1trn circular debt']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune', 'Tribune', 'Business Recorder', 'Business Recorder']","['DUBAI: Most Middle Eastern Markets ended higher on Wednesday mirroring gains in oil prices, after President Donald Trump falsely claimed victory in a tight US election that proved far closer than polls had predicted.A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi-led OPEC oil cuts to support prices.Brent crude was up by 1.02 cents, or 2.50%, at $40.73 by 1242 GMT.Saudi Arabia’s benchmark index advanced 1.1%, boosted by a 2.9% rise in Samba Financial Group and a 0.7% increase in oil giant Saudi Aramco.Aramco, the world’s top oil producing company, on Tuesday reported a net profit of 44.21 billion riyals ($11.79 billion) for the three months ended Sept. 30, in line with an analysts’ estimate provided by Refinitiv.Dubai’s main share index rose 0.7%, Shariah-compliant lender Dubai Islamic Bank climbed 1.8%, and Emirates NBD Bank was up 1%.The bank confirmed on Tuesday it was in discussions with Lebanon’s Blom Bank regarding the potential acquisition of Blom Bank Egypt.In Abu Dhabi, the index gained 0.9%, led by a 3.8% jump in International Holding.Last week, the aquaculture company reported a net profit of 958.9 million dirhams ($261.08 million) in the third quarter, up from 16.6 million dirhams a year earlier.The Qatari index inched up 0.3%, supported by a 1.5% gain in Qatar Fuel Co.The Gulf state’s budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich Gulf country from oil price volatility, Qatar’s Emir said on Tuesday.Outside the Gulf, Egypt’s blue-chip index closed up 0.4%, led by a 0.2% rise in top lender Commercial International Bank.—Reuters', 'MELBOURNE: U.S. oil prices dropped on Thursday as the dollar strengthened on growing expectations Democrat Joe Biden would win the U.S. presidential election but the Republicans would retain Senate control, holding back any huge COVID-19 relief package.U.S. West Texas Intermediate (WTI) crude futures fell 40 cents, or 1%, to $38.75 a barrel at 0141 GMT, while Brent crude futures dropped 41 cents, or 1%, to $40.82 a barrel. Both contracts had jumped around 4% on Wednesday.“The volatility in oil will remain because of its sensitivity to the U.S. dollar. And the U.S. dollar will remain volatile for at least the next few days as the U.S. election still has to be worked out,â€Â\x9d said Commonwealth Bank commodities analyst Vivek Dhar.Oil prices generally fall as the U.S. dollar rises because crude priced in dollars becomes more pricey for foreign buyers.Democrat Joe Biden said on Wednesday he was headed toward victory over President Donald Trump after claiming the crucial Midwestern states of Wisconsin and Michigan, while Trump’s side opened a multi-pronged attack on vote counts through the courts.However current vote counting and trends suggest the Republicans will retain control of the Senate, while the Democrats will hold a slimmed majority in the House of Representatives. A divided Congress would likely prevent Biden from enacting major priorities like fighting climate change or easing sanctions on oil producer Iran.“Fortunately for oil markets, it would seem any olive branch to Iran will not be extended anytime soon,â€Â\x9d said Stephen Innes, chief market strategist at Axi.Oil prices had surged on Wednesday on growing expectations that the Organization of the Petroleum Exporting Countries and its allies, together called OPEC+, would hold off on bringing back 2 million barrels per day of supply in January given demand has been sapped by new COVID-19 lockdowns.The market also was buoyed on Wednesday by a larger than expected drop in U.S crude stockpiles, although that was partly due to short-lived production halts in the Gulf of Mexico ahead of Hurricane Zeta.Analysts said U.S. inventory data was not all positive, with gasoline inventories having risen by 1.5 million barrels, against analysts’ expectations for a drawdown.At the same time, average highway use in France, Italy and Spain has dropped to its lowest level since late June, “which doesn’t bode well for gasoline demand,â€Â\x9d ANZ Research said.“This is likely to put pressure on the OPEC+ alliance to delay its planned rise in output in January,â€Â\x9d ANZ Research said.Reporting by Sonali Paul; editing by Jane', 'LONDON: Oil prices fell on Thursday as Democrat Joe Biden edged closer to the White House in a nail-biting U.S. presidential election, though doubts remain over further huge stimulus to bolster the ecomony in the face of the coronavirus crisis. Brent crude fell 20 cents, or 0.4%, to $41.03 a barrel by 1325 GMT and U.S. West Texas Intermediate (WTI) crude  was down 30 cents, or 0.7%, at $38.85. Both contracts had jumped about 4% on Wednesday.  Biden predicted victory over President Donald Trump after winning two critical U.S. states while the Republican incumbent alleged fraud, filed lawsuits and demanded recounts in a bitter contest that has yet to be decided.A drawn-out court battle over the results could cause additional uncertainty in the market, spawning further sell-offs within risky asset classes.""A Trump win will likely to be bullish for oil, at least more bullish than under a Biden administration,"" said Tamas Varga at oil brokerage PVM. ""Joe Biden will rejoin (the Paris climate agreement). He would also soften the U.S. stance on Iran, consequently global oil supply could rise.""Current vote counting and trends suggest the Republicans are poised to retain control of the U.S. Senate, while the Democrats will hold a slimmed majority in the House of Representatives. A divided Congress could hamper Biden\'s plans on climate change, economic stimulus and the easing of sanctions on oil producer Iran.  Oil prices had surged on Wednesday on growing expectations that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together called OPEC+, would hold off on bringing back 2 million bpd of supply in January, given demand has been sapped by new COVID-19 lockdowns.""The volatility in oil will remain because of its sensitivity to the U.S. dollar,"" said Commonwealth Bank commodities analyst Vivek Dhar.', 'LONDON: Oil prices fell on Thursday as Democrat Joe Biden edged closer to the White House in a nail-biting U.S. presidential election, though doubts remain over further huge stimulus to bolster the ecomony in the face of the coronavirus crisis. Brent crude fell 20 cents, or 0.4%, to $41.03 a barrel by 1325 GMT and U.S. West Texas Intermediate (WTI) crude  was down 30 cents, or 0.7%, at $38.85. Both contracts had jumped about 4% on Wednesday.  Biden predicted victory over President Donald Trump after winning two critical U.S. states while the Republican incumbent alleged fraud, filed lawsuits and demanded recounts in a bitter contest that has yet to be decided.A drawn-out court battle over the results could cause additional uncertainty in the market, spawning further sell-offs within risky asset classes.""A Trump win will likely to be bullish for oil, at least more bullish than under a Biden administration,"" said Tamas Varga at oil brokerage PVM. ""Joe Biden will rejoin (the Paris climate agreement). He would also soften the U.S. stance on Iran, consequently global oil supply could rise.""Current vote counting and trends suggest the Republicans are poised to retain control of the U.S. Senate, while the Democrats will hold a slimmed majority in the House of Representatives. A divided Congress could hamper Biden\'s plans on climate change, economic stimulus and the easing of sanctions on oil producer Iran.  Oil prices had surged on Wednesday on growing expectations that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together called OPEC+, would hold off on bringing back 2 million bpd of supply in January, given demand has been sapped by new COVID-19 lockdowns.""The volatility in oil will remain because of its sensitivity to the U.S. dollar,"" said Commonwealth Bank commodities analyst Vivek Dhar.', 'LONDON:Oil prices fell on Thursday as Democrat Joe Biden edged closer to the White House in a nail-biting US presidential election, though doubts remain over further huge stimulus to bolster the US economy in the face of the coronavirus crisis.Brent crude fell $0.17, or 0.4%, to $41.06 a barrel by 1135 GMT and US West Texas Intermediate (WTI) crude was down $0.28, or 0.7%, at $38.87. Both contracts had jumped about 4% on Wednesday.Biden predicted victory over President Donald Trump after winning two critical US states while the Republican incumbent alleged fraud, filed lawsuits and demanded recounts in a bitter contest that has yet to be decided.A drawn-out court battle over the results could cause additional uncertainty in the market, spawning further sell-offs within risky asset classes.“A Trump win will likely be bullish for oil, at least more bullish than under a Biden administration,â€ÂÂ\x9d said Tamas Varga at oil brokerage PVM.“Joe Biden will rejoin (the Paris climate agreement). He would also soften the US stance on Iran, consequently global oil supply could rise.â€ÂÂ\x9dCurrent vote counting and trends suggest the Republicans are poised to retain control of the US Senate, while the Democrats will hold a slim majority in the House of Representatives.A divided Congress could hamper Biden’s plans on climate change, economic stimulus and easing of sanctions on oil producer Iran.Oil prices had surged on Wednesday on growing expectations that the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, together called OPEC+, would hold off on bringing back 2 million bpd of supply in January, given demand has been sapped by new Covid-19 lockdowns.“The volatility in oil will remain because of its sensitivity to the US dollar. And the US dollar will remain volatile for at least the next few days as the US election still has to be worked out,â€ÂÂ\x9d said Commonwealth Bank commodities analyst Vivek Dhar.', 'LONDON:Oil prices fell on Thursday as Democrat Joe Biden edged closer to the White House in a nail-biting US presidential election, though doubts remain over further huge stimulus to bolster the US economy in the face of the coronavirus crisis.Brent crude fell $0.17, or 0.4%, to $41.06 a barrel by 1135 GMT and US West Texas Intermediate (WTI) crude was down $0.28, or 0.7%, at $38.87. Both contracts had jumped about 4% on Wednesday.Biden predicted victory over President Donald Trump after winning two critical US states while the Republican incumbent alleged fraud, filed lawsuits and demanded recounts in a bitter contest that has yet to be decided.A drawn-out court battle over the results could cause additional uncertainty in the market, spawning further sell-offs within risky asset classes.“A Trump win will likely be bullish for oil, at least more bullish than under a Biden administration,â€ÂÂ\x9d said Tamas Varga at oil brokerage PVM.“Joe Biden will rejoin (the Paris climate agreement). He would also soften the US stance on Iran, consequently global oil supply could rise.â€ÂÂ\x9dCurrent vote counting and trends suggest the Republicans are poised to retain control of the US Senate, while the Democrats will hold a slim majority in the House of Representatives.A divided Congress could hamper Biden’s plans on climate change, economic stimulus and easing of sanctions on oil producer Iran.Oil prices had surged on Wednesday on growing expectations that the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, together called OPEC+, would hold off on bringing back 2 million bpd of supply in January, given demand has been sapped by new Covid-19 lockdowns.“The volatility in oil will remain because of its sensitivity to the US dollar. And the US dollar will remain volatile for at least the next few days as the US election still has to be worked out,â€ÂÂ\x9d said Commonwealth Bank commodities analyst Vivek Dhar.', '• Markets volatile as US election outcome unclearNEW YORK: Oil prices rose more than 3% on Wednesday after President Donald Trump falsely claimed victory in a tight US election with millions of votes still to be counted and after data showed a large decline in US crude inventories.A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi-led oil production cuts to support prices.A contested result and prolonged uncertainty is seen as the most bearish outcome for oil and markets in general, while a win for Joe Biden would be seen as bearish to neutral because of his support for green policies and softer stance on Iran.West Texas Intermediate was up $1.28, or 3.4%, at $38.94 a barrel by 12:44 p.m. ET (1744 GMT.) Brent crude was up by $1.36, or 3.4%, at $41.07 a barrel.Both benchmarks extended gains to session highs after data showed US crude inventories fell 8 million barrels last week as Hurricane Zeta forced production declines in the Gulf of Mexico during the period.US weekly crude oil exports fell by 1.2 million barrels per day (bpd) to about 2.3 million bpd last week, the biggest drop since January, and production dropped 600,000 bpd to 10.5 million bpd.Trump falsely claimed to have won after his Democratic challenger Biden said he was confident of winning a contest that will not be resolved until a handful of states finish vote counts in the next hours or days.“Perhaps the biggest conclusion to be drawn at this stage is that there is only a small likelihood that existing oil & gas tax incentives will be removed in the US - even if Biden emerges as the winner - given the narrow margin of victory and a probable Republic majority in the US Senate,â€Â\x9d said Artem Abramov, head of shale Research at Rystad Energy.Wall Street surged and US dollar gained against a basket of currencies, as the too-close-to-call presidential election left traders betting on a divided Senate that would keep stimulus flowing but hold tax rises and regulation in check.Oil prices were also supported by the possibility that OPEC producers and Russia could consider deferring a planned increase in OPEC+ oil output from January as a second coronavirus wave stifles a recovery in fuel demand.The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a grouping known as OPEC+, earlier agreed to ease cuts by 2 million barrels per day from the current 7.7 million bpd from January.More lockdowns could, however, cap oil price gains and weigh on demand. Italy, Norway and Hungary have tightened coronavirus curbs, following Britain, France and other countries. Britain recorded 492 new Covid-19 deaths on Wednesday, the biggest toll since May 13 and up from 397 on Tuesday, government data showed.—Reuters', 'ISLAMABAD: The Econ-omic Coordination Committee (ECC) of the Cabinet has formed a committee to prepare a proposal for clearing Petroleum Division’s circular debt of over Rs1020 billion within a month. Sources said the total circular debt of the Petroleum Division including interest payment had accumulated to Rs1.6 trillion with Rs1020 principal amount, and Rs580 billion interest payment. The ECC meeting presided over by the Adviser to the Prime Minister on Finance, Dr Abdul Hafeez Shaikh, on Wednesday formed a committee with all the relevant stakeholders (the Finance Division, the Power and Petroleum Division, the Planning Division, the Securities Exchange Commission of Pakistan (SECP), the Oil and Gas Regulatory Authority (OGRA), the Oil and Gas Development Company (OGDCL), the Pakistan State Oil (PSO), the Sui Northern Gas Company Limited (SNGPL), the Pakistan Petroleum Limited (PPL), the GHPL, and the PLL.The meeting directed the committee to prepare a well-rounded proposal on modalities for clearing the circular debt of the Petroleum Division in a month, and submit before the ECC.  The ECC also decided that the issue of circular debt may be considered holistically, and a solution may be worked out to resolve the issue.The meeting also approved technical supplementary grants for the NAB, the Ministry of Health for Immunization Program, the Ministry of Religious Affairs on account of hajj expenses and for the Anti-Narcotics Force.The Ministry of National Food Security and Research updated the ECC on the situation of wheat import in the country.The ministry briefed the ECC that the TCP had opened the 6th tender for 110,000MT of wheat and after price matching the total picked up quantity would be 320,000MT.The Food Ministry also informed that there would be sufficient availability of wheat in the country by January 2021, and with the increase in supply, the prices would be lowered eventually.The ECC also enhanced the quota of Gilgit-Baltistan by another 10,000 MT as per their request (from 150,000 MT to 160,000 MT).The modalities for increased quota for the GB shall be decided later. An official said that the Trading Corporation of Pakistan (TCP) would import 1.497 million metric tonnes wheat up to January 2021 with last 13 vessels were expected to arrive in the country with 680,000 MT wheat.Copyright Business Recorder, 2020']","['DUBAI most middle eastern markets ended higher on wednesday mirroring gains in oil prices, after president donald trump falsely claimed victory in a tight US election that proved far closer than polls had predicted.a victory by trump is viewed as bullish for oil because of sanctions on iran and his support for Saudi-led OPEC oil cuts to support prices.brent crude was up by 1.02 cents, or 2.50%, at $40.73 by 1242 GMT.Saudi arabias benchmark index advanced 1.1%, boosted by a 2.9% rise in samba financial group and a 0.7% increase in oil giant saudi Aramco.Aramco, the worlds top oil producing company, on tuesday reported a net profit of 44.21 billion riyals ($11.79 billion) for the three months ended sept. 30, in line with an analysts estimate provided by Refinitiv.Dubais main share index rose 0.7%, Shariah-compliant lender dubai islamic bank climbed 1.8%, and emirates NBD bank was up 1%.the bank confirmed on tuesday it was in discussions with lebanons blom bank regarding the potential acquisition of blom bank Egypt.In abu dhabi, the index gained 0.9%, led by a 3.8% jump in international Holding.Last week, the aquaculture company reported a net profit of 958.9 million dirhams ($261.08 million) in the third quarter, up from 16.6 million dirhams a year earlier.the qatari index inched up 0.3%, supported by a 1.5% gain in qatar fuel Co.The gulf states budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich gulf country from oil price volatility, qatars emir said on Tuesday.Outside the gulf, egypts blue-chip index closed up 0.4%, led by a 0.2% rise in top lender commercial international Bank.Reuters', 'MELBOURNE U.S. oil prices dropped on thursday as the dollar strengthened on growing expectations democrat joe biden would win the U.S. presidential election but the republicans would retain senate control, holding back any huge COVID-19 relief package.U.S. west texas intermediate (WTI) crude futures fell 40 cents, or 1%, to $38.75 a barrel at 0141 GMT, while brent crude futures dropped 41 cents, or 1%, to $40.82 a barrel. both contracts had jumped around 4% on Wednesday.The volatility in oil will remain because of its sensitivity to the U.S. dollar. and the U.S. dollar will remain volatile for at least the next few days as the U.S. election still has to be worked out, said commonwealth bank commodities analyst vivek Dhar.Oil prices generally fall as the U.S. dollar rises because crude priced in dollars becomes more pricey for foreign buyers.democrat joe biden said on wednesday he was headed toward victory over president donald trump after claiming the crucial midwestern states of wisconsin and michigan, while trumps side opened a multi-pronged attack on vote counts through the courts.however current vote counting and trends suggest the republicans will retain control of the senate, while the democrats will hold a slimmed majority in the house of representatives. A divided congress would likely prevent biden from enacting major priorities like fighting climate change or easing sanctions on oil producer Iran.Fortunately for oil markets, it would seem any olive branch to iran will not be extended anytime soon, said stephen innes, chief market strategist at Axi.Oil prices had surged on wednesday on growing expectations that the organization of the petroleum exporting countries and its allies, together called OPEC+, would hold off on bringing back 2 million barrels per day of supply in january given demand has been sapped by new COVID-19 lockdowns.the market also was buoyed on wednesday by a larger than expected drop in U.S crude stockpiles, although that was partly due to short-lived production halts in the gulf of mexico ahead of hurricane Zeta.Analysts said U.S. inventory data was not all positive, with gasoline inventories having risen by 1.5 million barrels, against analysts expectations for a drawdown.at the same time, average highway use in france, italy and spain has dropped to its lowest level since late june, which doesnt bode well for gasoline demand, ANZ research said.this is likely to put pressure on the OPEC+ alliance to delay its planned rise in output in january, ANZ research said.reporting by sonali paul editing by jane', 'LONDON oil prices fell on thursday as democrat joe biden edged closer to the white house in a nail-biting U.S. presidential election, though doubts remain over further huge stimulus to bolster the ecomony in the face of the coronavirus crisis. brent crude fell 20 cents, or 0.4%, to $41.03 a barrel by 1325 GMT and U.S. west texas intermediate (WTI) crude was down 30 cents, or 0.7%, at $38.85. both contracts had jumped about 4% on wednesday. biden predicted victory over president donald trump after winning two critical U.S. states while the republican incumbent alleged fraud, filed lawsuits and demanded recounts in a bitter contest that has yet to be decided.a drawn-out court battle over the results could cause additional uncertainty in the market, spawning further sell-offs within risky asset classes.""a trump win will likely to be bullish for oil, at least more bullish than under a biden administration,"" said tamas varga at oil brokerage PVM. ""joe biden will rejoin (the paris climate agreement). he would also soften the U.S. stance on iran, consequently global oil supply could rise.""current vote counting and trends suggest the republicans are poised to retain control of the U.S. senate, while the democrats will hold a slimmed majority in the house of representatives. A divided congress could hamper biden plans on climate change, economic stimulus and the easing of sanctions on oil producer iran. oil prices had surged on wednesday on growing expectations that the organization of the petroleum exporting countries (OPEC) and its allies, together called OPEC+, would hold off on bringing back 2 million bpd of supply in january, given demand has been sapped by new COVID-19 lockdowns.""the volatility in oil will remain because of its sensitivity to the U.S. dollar,"" said commonwealth bank commodities analyst vivek dhar.', 'LONDON oil prices fell on thursday as democrat joe biden edged closer to the white house in a nail-biting U.S. presidential election, though doubts remain over further huge stimulus to bolster the ecomony in the face of the coronavirus crisis. brent crude fell 20 cents, or 0.4%, to $41.03 a barrel by 1325 GMT and U.S. west texas intermediate (WTI) crude was down 30 cents, or 0.7%, at $38.85. both contracts had jumped about 4% on wednesday. biden predicted victory over president donald trump after winning two critical U.S. states while the republican incumbent alleged fraud, filed lawsuits and demanded recounts in a bitter contest that has yet to be decided.a drawn-out court battle over the results could cause additional uncertainty in the market, spawning further sell-offs within risky asset classes.""a trump win will likely to be bullish for oil, at least more bullish than under a biden administration,"" said tamas varga at oil brokerage PVM. ""joe biden will rejoin (the paris climate agreement). he would also soften the U.S. stance on iran, consequently global oil supply could rise.""current vote counting and trends suggest the republicans are poised to retain control of the U.S. senate, while the democrats will hold a slimmed majority in the house of representatives. A divided congress could hamper biden plans on climate change, economic stimulus and the easing of sanctions on oil producer iran. oil prices had surged on wednesday on growing expectations that the organization of the petroleum exporting countries (OPEC) and its allies, together called OPEC+, would hold off on bringing back 2 million bpd of supply in january, given demand has been sapped by new COVID-19 lockdowns.""the volatility in oil will remain because of its sensitivity to the U.S. dollar,"" said commonwealth bank commodities analyst vivek dhar.', 'LONDON oil prices fell on thursday as democrat joe biden edged closer to the white house in a nail-biting US presidential election, though doubts remain over further huge stimulus to bolster the US economy in the face of the coronavirus crisis.brent crude fell $0.17, or 0.4%, to $41.06 a barrel by 1135 GMT and US west texas intermediate (WTI) crude was down $0.28, or 0.7%, at $38.87. both contracts had jumped about 4% on Wednesday.Biden predicted victory over president donald trump after winning two critical US states while the republican incumbent alleged fraud, filed lawsuits and demanded recounts in a bitter contest that has yet to be decided.a drawn-out court battle over the results could cause additional uncertainty in the market, spawning further sell-offs within risky asset classes.a trump win will likely be bullish for oil, at least more bullish than under a biden administration, said tamas varga at oil brokerage PVM.Joe biden will rejoin (the paris climate agreement). he would also soften the US stance on iran, consequently global oil supply could rise.current vote counting and trends suggest the republicans are poised to retain control of the US senate, while the democrats will hold a slim majority in the house of Representatives.A divided congress could hamper bidens plans on climate change, economic stimulus and easing of sanctions on oil producer Iran.Oil prices had surged on wednesday on growing expectations that the organisation of the petroleum exporting countries (OPEC) and its allies, together called OPEC+, would hold off on bringing back 2 million bpd of supply in january, given demand has been sapped by new Covid-19 lockdowns.the volatility in oil will remain because of its sensitivity to the US dollar. and the US dollar will remain volatile for at least the next few days as the US election still has to be worked out, said commonwealth bank commodities analyst vivek dhar.', 'LONDON oil prices fell on thursday as democrat joe biden edged closer to the white house in a nail-biting US presidential election, though doubts remain over further huge stimulus to bolster the US economy in the face of the coronavirus crisis.brent crude fell $0.17, or 0.4%, to $41.06 a barrel by 1135 GMT and US west texas intermediate (WTI) crude was down $0.28, or 0.7%, at $38.87. both contracts had jumped about 4% on Wednesday.Biden predicted victory over president donald trump after winning two critical US states while the republican incumbent alleged fraud, filed lawsuits and demanded recounts in a bitter contest that has yet to be decided.a drawn-out court battle over the results could cause additional uncertainty in the market, spawning further sell-offs within risky asset classes.a trump win will likely be bullish for oil, at least more bullish than under a biden administration, said tamas varga at oil brokerage PVM.Joe biden will rejoin (the paris climate agreement). he would also soften the US stance on iran, consequently global oil supply could rise.current vote counting and trends suggest the republicans are poised to retain control of the US senate, while the democrats will hold a slim majority in the house of Representatives.A divided congress could hamper bidens plans on climate change, economic stimulus and easing of sanctions on oil producer Iran.Oil prices had surged on wednesday on growing expectations that the organisation of the petroleum exporting countries (OPEC) and its allies, together called OPEC+, would hold off on bringing back 2 million bpd of supply in january, given demand has been sapped by new Covid-19 lockdowns.the volatility in oil will remain because of its sensitivity to the US dollar. and the US dollar will remain volatile for at least the next few days as the US election still has to be worked out, said commonwealth bank commodities analyst vivek dhar.', 'markets volatile as US election outcome unclearNEW YORK oil prices rose more than 3% on wednesday after president donald trump falsely claimed victory in a tight US election with millions of votes still to be counted and after data showed a large decline in US crude inventories.a victory by trump is viewed as bullish for oil because of sanctions on iran and his support for Saudi-led oil production cuts to support prices.a contested result and prolonged uncertainty is seen as the most bearish outcome for oil and markets in general, while a win for joe biden would be seen as bearish to neutral because of his support for green policies and softer stance on Iran.West texas intermediate was up $1.28, or 3.4%, at $38.94 a barrel by 12 44 p.m. ET (1744 GMT.) brent crude was up by $1.36, or 3.4%, at $41.07 a barrel.both benchmarks extended gains to session highs after data showed US crude inventories fell 8 million barrels last week as hurricane zeta forced production declines in the gulf of mexico during the period.US weekly crude oil exports fell by 1.2 million barrels per day (bpd) to about 2.3 million bpd last week, the biggest drop since january, and production dropped 600,000 bpd to 10.5 million bpd.trump falsely claimed to have won after his democratic challenger biden said he was confident of winning a contest that will not be resolved until a handful of states finish vote counts in the next hours or days.perhaps the biggest conclusion to be drawn at this stage is that there is only a small likelihood that existing oil & gas tax incentives will be removed in the US - even if biden emerges as the winner - given the narrow margin of victory and a probable republic majority in the US senate, said artem abramov, head of shale research at rystad Energy.Wall street surged and US dollar gained against a basket of currencies, as the too-close-to-call presidential election left traders betting on a divided senate that would keep stimulus flowing but hold tax rises and regulation in check.oil prices were also supported by the possibility that OPEC producers and russia could consider deferring a planned increase in OPEC+ oil output from january as a second coronavirus wave stifles a recovery in fuel demand.the organization of the petroleum exporting countries (OPEC) and allies led by russia, a grouping known as OPEC+, earlier agreed to ease cuts by 2 million barrels per day from the current 7.7 million bpd from January.More lockdowns could, however, cap oil price gains and weigh on demand. italy, norway and hungary have tightened coronavirus curbs, following britain, france and other countries. britain recorded 492 new Covid-19 deaths on wednesday, the biggest toll since may 13 and up from 397 on tuesday, government data showed.reuters', 'ISLAMABAD the Econ-omic coordination committee (ECC) of the cabinet has formed a committee to prepare a proposal for clearing petroleum divisions circular debt of over rs 1020 billion within a month. sources said the total circular debt of the petroleum division including interest payment had accumulated to rs 1.6 trillion with rs 1020 principal amount, and rs 580 billion interest payment. the ECC meeting presided over by the adviser to the prime minister on finance, dr abdul hafeez shaikh, on wednesday formed a committee with all the relevant stakeholders (the finance division, the power and petroleum division, the planning division, the securities exchange commission of pakistan (SECP), the oil and gas regulatory authority (OGRA), the oil and gas development company (OGDCL), the pakistan state oil (PSO), the sui northern gas company limited (SNGPL), the pakistan petroleum limited (PPL), the GHPL, and the PLL.The meeting directed the committee to prepare a well-rounded proposal on modalities for clearing the circular debt of the petroleum division in a month, and submit before the ECC. the ECC also decided that the issue of circular debt may be considered holistically, and a solution may be worked out to resolve the issue.the meeting also approved technical supplementary grants for the NAB, the ministry of health for immunization program, the ministry of religious affairs on account of hajj expenses and for the Anti-Narcotics Force.The ministry of national food security and research updated the ECC on the situation of wheat import in the country.the ministry briefed the ECC that the TCP had opened the 6th tender for 110,000MT of wheat and after price matching the total picked up quantity would be 320,000MT.The food ministry also informed that there would be sufficient availability of wheat in the country by january 2021, and with the increase in supply, the prices would be lowered eventually.the ECC also enhanced the quota of Gilgit-Baltistan by another 10,000 MT as per their request (from 150,000 MT to 160,000 MT).The modalities for increased quota for the GB shall be decided later. an official said that the trading corporation of pakistan (TCP) would import 1.497 million metric tonnes wheat up to january 2021 with last 13 vessels were expected to arrive in the country with 680,000 MT wheat.']","['https://www.brecorder.com/news/40030750/saudi-bourse-leads-most-gulf-markets-higher', 'https://www.brecorder.com/news/40030812/oil-down-1-as-us-dollar-firms-on-bets-of-split-white-house-senate', 'https://www.brecorder.com/news/40030858/oil-drops-as-us-election-uncertainty-dominates-markets', 'https://www.brecorder.com/news/40030858/oil-drops-as-us-election-uncertainty-dominates-markets', 'https://tribune.com.pk/story/2271163/oil-drops-as-us-election-uncertainty-dominates-markets', 'https://tribune.com.pk/story/2271163/oil-drops-as-us-election-uncertainty-dominates-markets', 'https://www.brecorder.com/news/40030714/oil-rises-3pc', 'https://www.brecorder.com/news/40030800/body-formed-to-deal-with-rs1trn-circular-debt']","['brent, , ', 'debt, pakistan, ']","['bullish for oil', 'oil prices dropped', 'bullish for oil', 'oil prices fell', 'bullish for oil', 'oil prices fell', 'bullish for oil', 'proposal for clearing petroleum divisions circular debt']","['pos', 'neg', 'pos', 'neg', 'pos', 'neg', 'pos', 'pos']",95.49,"[4.79, -1.61, 4.79, -5.33, 4.79, -5.33, 4.79, 2.74]",1.2,0,0,,,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""Given the neutral market signal and the absence of significant news impact, coupled with no clear signals from the technical indicators, it's prudent to refrain from making any trading decisions at this time. Investors are advised to monitor the market closely for clearer signals before taking any action.""
}"
11/6/2020,"['Rouble slips after biggest one-day gain in four years', 'Oil falls as European lockdowns, US election uncertainty dominate', 'Stocks mixed as balance tilts to Biden in US election']","['rouble slips after biggest one-day gain in four years', 'oil falls as european lockdowns, US election uncertainty dominate', 'stocks mixed as balance tilts to biden in US election']","['Business Recorder', 'Business Recorder', 'Business Recorder']","['MOSCOW: The Russian rouble weakened on Friday after posting its biggest one-day gain against the dollar since November 2016, as oil prices fell and markets remained on edge over vote-counting in the US presidential election.Investors are betting that Democrat Joe Biden will become the next president but Republicans will retain control of the Senate, which will make it difficult for the Democrats to pass the larger fiscal spending package they have been pushing.The rouble was likely to benefit from the division of power in Washington, ITI Capital said in a note.For weeks, the rouble has been under pressure over fears of more sanctions against Moscow, something that some analysts said was possible should Biden win.At 1310 GMT, the had rouble shed 1.1% to 77.83 against the dollar, heading away from 76.78, its strongest level since Oct. 27 that it hit on Thursday.""The dollar was too oversold ... there is some adjustment in market positions going on now,"" said an FX dealer at a major Russian bank in Moscow.Brent crude oil, a global benchmark for Russia\'s main export, put pressure on the rouble and stocks as it fell 2.7% to $39.81 a barrel on concerns about the outlook for demand.""We think the rouble will likely slip to 78 against the dollar amid deteriorating sentiment in markets today,"" Sberbank CIB said.Versus the euro, the Russian currency fell 1.5% to 92.43 .The rouble traded around 61 to the dollar and 70 against the euro in early 2020 before oil prices fell and the coronavirus crisis hit Russia.COVID-19 infections were on the rise in Russia and the Kremlin has said the situation was alarming, though it had no plans for a lockdown.Russian stock indexes were mixed before the weekend.The dollar-denominated RTS index slid 1% to 1,158.6 points after rallying the day before. The rouble-based MOEX Russian index added 0.1% to 2,864.0.', 'NEW YORK: Oil prices dropped on Thursday, weighed down by the steady rise in coronavirus infections and as the outcome of the US presidential election had still not been settled. Brent crude fell 41 cents, or 1%, to $40.81 a barrel by 12:24 EDT (1724 GMT) and US West Texas Intermediate (WTI) crude was down 50 cents, or 1.3%, at $38.65. Both contracts jumped about 4% on Wednesday.The European Union\'s executive commission lowered its economic forecast Thursday morning, adding that said the economy wouldn\'t rebound to pre-virus levels until 2023. ""That\'s a very negative demand indicator,"" said Bob Yawger, director of Energy Futures at Mizuho.Italy posted its highest one day of infections on Thursday, while the United States surpassed 100,000 infections in a day last week, a record. The Bank of England increased its bond-buying stimulus as it prepared for economic damage from new coronavirus lockdowns and the looming risk of Brexit. The bank said Britain\'s economy was set to shrink a record 11% over the course of 2020 overall.""There\'s fatigue from the market on the renewed lockdown and the efforts and the damage to be done to the economy,"" said John Kilduff, partner at Again Capital LLC in New York. The lockdowns in Europe will remove 1.5 million barrels a day of demand, Kilduff added.Democratic candidate Joseph Biden predicted victory over President Donald Trump after winning two critical US states while the Republican incumbent alleged fraud without evidence, filed lawsuits and demanded recounts in a bitter contest that has yet to be decided.Current vote counting and trends suggest the Republicans are poised to retain control of the US Senate, while the Democrats will hold a slimmed majority in the House of Representatives.Oil prices had surged on Wednesday on growing expectations that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together called OPEC+, would hold off on bringing back 2 million bpd of supply in January, given demand has been sapped by new Covid-19 lockdowns.', 'LONDON/TOKYO: Global stocks held near a record high on Friday while bets that a divided US Congress would hinder government borrowing and potentially pave the way for even more Federal Reserve stimulus kept the dollar and US bonds sluggish.Markets were also awaiting the release of the US non-farm payrolls report for October later in the session.Investors expect Democrat Joe Biden will beat President Donald Trump but that Republicans will keep control of the Senate, allowing them to block Democratic policies such as corporate tax hikes and debt-funded spending on infrastructure.""From here, we believe the impact of the presidential result should be relatively small,"" said Lars Kreckel, global equity strategist at LGIM. ""Whether Biden or Trump are in the White House, governing with a Congress that is very likely to be divided would be difficult and mean very little policy that could significantly move equity markets would be passed.""MSCI\'s all-country index of the world\'s 49 markets was 0.1% up, smaller gains than earlier in the week but still close to the record reached in September. The index is on course for its best week in nearly seven months.Biden took a narrow lead over Trump in the battleground state of Georgia early on Friday and had a 253 to 214 lead in the state-by-state Electoral College vote that determines the winner, according to most major television networks, putting him closer to the 270 Electoral College votes needed to win.A sense that a Biden presidency will be more predictable than Trump\'s is underpinning risk sentiment, even though investors saw no quick rapprochement between the United States and China on trade and other issues.Europe\'s main stock index was 0.5% lower on Friday as investors fretted about the economic toll of new coronavirus lockdowns in Europe and data showing German industrial output rose less than expected in September. Italy and France registered record numbers of COVID-19 cases.Japan\'s Nikkei average rose 0.9% to a 29-year high while MSCI\'s broadest gauge of Asian Pacific shares outside Japan rose 0.3%, near a three-year high..US S&P futures dropped 0.7%, a day after the underlying stock index rose 1.95%.US bond yields were broadly steady, with the 10-year Treasury yield at 0.775%, below the pre-US election level on Tuesday. It had struck a three-week low of 0.7180% on Thursday.Bond markets in general were subdued ahead of the payrolls numbers, which are expected to show the smallest gain last month since the jobs recovery started in May, although Italy\'s 10-year yield hit a record low on expectations of further stimulus.The 10-year BTP yield was down 2.3 basis points at 0.610% , having earlier fallen to a historic low of 0.603%.With COVID-19 raging in the United States and parts of Europe, many investors assume more central bank stimulus is inevitable.The Bank of England expanded its asset purchase scheme on Thursday, while the Federal Reserve kept its monetary policy loose and pledged to do whatever it takes to sustain a US economic recovery. The European Central Bank is widely expected to announce more stimulus next month.Investors also focused on the prospects of stalled talks on a US coronavirus relief package restarting.""We still anticipate that there will be a fiscal package in excess of $1 trillion next year,"" said James Knightley, chief international economist at ING Group in New York.""This stimulus, when combined with a long-anticipated COVID-19 vaccine, can really lift the economy and drive growth. We consequently remain very upbeat on the prospects for 2021 and 2022.""In currency markets, lower yields undermined the dollar, whose index touched a two-month low of 92.459.The euro, which has risen this week on dollar weakness and hopes of a European Union budget deal, traded at $1.1840 while the offshore Chinese yuan climbed to 6.6000 to the dollar .The greenback fell further against the Japanese yen, trading near an eight-month low at 103.23 yen.Gold, which is used as a hedge against inflation in an era of ultra-loose monetary and fiscal policies, was little changed at $1,947.31 per ounce ounce.Oil prices fell as fresh lockdowns in Europe to contain the coronavirus darkened the outlook for crude demand. Brent crude was down 2.8% at $39.80 a barrel. West Texas Intermediate futures were down 3.1% at $37.60 a barrel.']","['MOSCOW the russian rouble weakened on friday after posting its biggest one-day gain against the dollar since november 2016, as oil prices fell and markets remained on edge over vote-counting in the US presidential election.investors are betting that democrat joe biden will become the next president but republicans will retain control of the senate, which will make it difficult for the democrats to pass the larger fiscal spending package they have been pushing.the rouble was likely to benefit from the division of power in washington, ITI capital said in a note.for weeks, the rouble has been under pressure over fears of more sanctions against moscow, something that some analysts said was possible should biden win.at 1310 GMT, the had rouble shed 1.1% to 77.83 against the dollar, heading away from 76.78, its strongest level since oct. 27 that it hit on Thursday.""The dollar was too oversold . there is some adjustment in market positions going on now,"" said an FX dealer at a major russian bank in Moscow.Brent crude oil, a global benchmark for russia main export, put pressure on the rouble and stocks as it fell 2.7% to $39.81 a barrel on concerns about the outlook for demand.""we think the rouble will likely slip to 78 against the dollar amid deteriorating sentiment in markets today,"" sberbank CIB said.versus the euro, the russian currency fell 1.5% to 92.43 .the rouble traded around 61 to the dollar and 70 against the euro in early 2020 before oil prices fell and the coronavirus crisis hit Russia.COVID-19 infections were on the rise in russia and the kremlin has said the situation was alarming, though it had no plans for a lockdown.russian stock indexes were mixed before the weekend.the dollar-denominated RTS index slid 1% to 1,158.6 points after rallying the day before. the rouble-based MOEX russian index added 0.1% to 2,864.0.', 'NEW YORK oil prices dropped on thursday, weighed down by the steady rise in coronavirus infections and as the outcome of the US presidential election had still not been settled. brent crude fell 41 cents, or 1%, to $40.81 a barrel by 12 24 EDT (1724 GMT) and US west texas intermediate (WTI) crude was down 50 cents, or 1.3%, at $38.65. both contracts jumped about 4% on Wednesday.The european union executive commission lowered its economic forecast thursday morning, adding that said the economy wouldn\'t rebound to pre-virus levels until 2023. ""that a very negative demand indicator,"" said bob yawger, director of energy futures at Mizuho.Italy posted its highest one day of infections on thursday, while the united states surpassed 100,000 infections in a day last week, a record. the bank of england increased its bond-buying stimulus as it prepared for economic damage from new coronavirus lockdowns and the looming risk of brexit. the bank said britain economy was set to shrink a record 11% over the course of 2020 overall.""there fatigue from the market on the renewed lockdown and the efforts and the damage to be done to the economy,"" said john kilduff, partner at again capital LLC in new york. the lockdowns in europe will remove 1.5 million barrels a day of demand, kilduff added.democratic candidate joseph biden predicted victory over president donald trump after winning two critical US states while the republican incumbent alleged fraud without evidence, filed lawsuits and demanded recounts in a bitter contest that has yet to be decided.current vote counting and trends suggest the republicans are poised to retain control of the US senate, while the democrats will hold a slimmed majority in the house of Representatives.Oil prices had surged on wednesday on growing expectations that the organization of the petroleum exporting countries (OPEC) and its allies, together called OPEC+, would hold off on bringing back 2 million bpd of supply in january, given demand has been sapped by new Covid-19 lockdowns.', 'LONDON/TOKYO global stocks held near a record high on friday while bets that a divided US congress would hinder government borrowing and potentially pave the way for even more federal reserve stimulus kept the dollar and US bonds sluggish.markets were also awaiting the release of the US non-farm payrolls report for october later in the session.investors expect democrat joe biden will beat president donald trump but that republicans will keep control of the senate, allowing them to block democratic policies such as corporate tax hikes and debt-funded spending on infrastructure.""from here, we believe the impact of the presidential result should be relatively small,"" said lars kreckel, global equity strategist at LGIM. ""whether biden or trump are in the white house, governing with a congress that is very likely to be divided would be difficult and mean very little policy that could significantly move equity markets would be passed.""MSCI all-country index of the world 49 markets was 0.1% up, smaller gains than earlier in the week but still close to the record reached in september. the index is on course for its best week in nearly seven months.biden took a narrow lead over trump in the battleground state of georgia early on friday and had a 253 to 214 lead in the state-by-state electoral college vote that determines the winner, according to most major television networks, putting him closer to the 270 electoral college votes needed to win.a sense that a biden presidency will be more predictable than trump is underpinning risk sentiment, even though investors saw no quick rapprochement between the united states and china on trade and other issues.europe main stock index was 0.5% lower on friday as investors fretted about the economic toll of new coronavirus lockdowns in europe and data showing german industrial output rose less than expected in september. italy and france registered record numbers of COVID-19 cases.japan nikkei average rose 0.9% to a 29-year high while MSCI broadest gauge of asian pacific shares outside japan rose 0.3%, near a three-year high..US S&P futures dropped 0.7%, a day after the underlying stock index rose 1.95%.US bond yields were broadly steady, with the 10-year treasury yield at 0.775%, below the pre-US election level on tuesday. it had struck a three-week low of 0.7180% on Thursday.Bond markets in general were subdued ahead of the payrolls numbers, which are expected to show the smallest gain last month since the jobs recovery started in may, although italy 10-year yield hit a record low on expectations of further stimulus.the 10-year BTP yield was down 2.3 basis points at 0.610% , having earlier fallen to a historic low of 0.603%.with COVID-19 raging in the united states and parts of europe, many investors assume more central bank stimulus is inevitable.the bank of england expanded its asset purchase scheme on thursday, while the federal reserve kept its monetary policy loose and pledged to do whatever it takes to sustain a US economic recovery. the european central bank is widely expected to announce more stimulus next month.investors also focused on the prospects of stalled talks on a US coronavirus relief package restarting.""we still anticipate that there will be a fiscal package in excess of $1 trillion next year,"" said james knightley, chief international economist at ING group in new York.""This stimulus, when combined with a long-anticipated COVID-19 vaccine, can really lift the economy and drive growth. we consequently remain very upbeat on the prospects for 2021 and 2022.""in currency markets, lower yields undermined the dollar, whose index touched a two-month low of 92.459.the euro, which has risen this week on dollar weakness and hopes of a european union budget deal, traded at $1.1840 while the offshore chinese yuan climbed to 6.6000 to the dollar .the greenback fell further against the japanese yen, trading near an eight-month low at 103.23 yen.gold, which is used as a hedge against inflation in an era of ultra-loose monetary and fiscal policies, was little changed at $1,947.31 per ounce ounce.oil prices fell as fresh lockdowns in europe to contain the coronavirus darkened the outlook for crude demand. brent crude was down 2.8% at $39.80 a barrel. west texas intermediate futures were down 3.1% at $37.60 a barrel.']","['https://www.brecorder.com/news/40031114/rouble-slips-after-biggest-one-day-gain-in-four-years', 'https://www.brecorder.com/news/40031015/oil-falls-as-european-lockdowns-us-election-uncertainty-dominate', 'https://www.brecorder.com/news/40031120/stocks-mixed-as-balance-tilts-to-biden-in-us-election']","['brent, , ']","['oil prices fell', 'oil prices dropped', 'oil prices fell']","['neg', 'neg', 'neg']",94.53,"[-5.33, -1.61, -5.33]",-4.09,1,2,,,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""While the technical indicators suggest a bullish trend, the overall news sentiment is strongly negative, indicating a bearish outlook for the market. Given the significant negative impact from the news and the lack of sufficient technical data to counter it, a 'strong sell' signal is recommended. Investors are advised to carefully consider market sentiment before making any trading decisions.""
}"
11/9/2020,"['Market watch: KSE-100 gains slightly in range bound trading', 'Risk assets cheer Biden win, dollar nurses losses']","['market watch KSE-100 gains slightly in range bound trading', 'risk assets cheer biden win, dollar nurses losses']","['Tribune', 'Business Recorder']","['KARACHI:The Pakistan Stock Exchange (PSX) exhibited a turnaround on Monday as the KSE-100 index rose over 200 points in intraday trading before giving up most of the gains and closing with a meagre increase of 52 points.Market players took positive cue from international equities and oil markets. During the day, Brent crude climbed $1.28, or 3.2%, to $40.73 a barrel and US West Texas Intermediate crude was at $38.40, up $1.26, or 3.4%.While investors cheered clarity in the US presidential election where Joe Biden was declared winner, overall sentiment remained mixed as market players were concerned over rising cases of coronavirus in the country and globally.Earlier, the market opened on a positive note and touched the intra-day high within minutes but battered sentiment over the second wave of Covid-19 dragged the index into negative territory later. However, the index still managed to recover and close with a slight gain.At close, the benchmark KSE-100 index recorded an increase of 52.43 points, or 0.13%, to settle at 40,784.04 points.Arif Habib Limited, in its report, stated that the market traded in a range of +212 points and -135 points. It closed the session in the green. Overall trading volumes remained thin compared with the volumes reported in the previous quarter or so.“Banking, fertiliser and offboard stocks largely contributed to the activity,â€ÂÂ\x9d it said, adding, “in the banking sector, HBL and MCB posted price gains.â€ÂÂ\x9dOvernight positivity in US stock futures, followed by regional markets, helped investors take a positive view, though muted, on the KSE-100 index.Sectors contributing to the performance included banks (+40 points), technology (+40 points), pharmaceutical (+26 points), chemical (+18 points) and fertiliser (+15 points).Individually, stocks that contributed positively to the index included HBL (+40 points), TRG Pakistan (+37 points), MCB (+24 points), Colgate-Palmolive (+22 points) and GlaxoSmithKline (+13 points).Stocks that contributed negatively were Lucky Cement (-21 points), NBP (-10 points), Pakistan Petroleum (-8 points), Oil and Gas Development Company (-8 points) and EFU General Insurance (-6 points).JS Global analyst Maaz Mulla said the PSX benchmark index blew hot and cold, touching intra-day high of +212 points and stooping to a low of -135 points. It closed at 40,784 (+52 points).Power Cement (+0.8%), TRG Pakistan (+6.5%) and Pak Elektron (+3.1%) led volumes with a cumulative 88 million shares changing hands throughout the day.“On the news front, Pakistan may return $2 billion worth of Saudi Arabian loan and is looking for various options to secure more financing aimed at keeping gross official foreign exchange reserves at their current level of over $12 billion,â€ÂÂ\x9d he stated.The cement sector declined where Lucky Cement (-1.1%), Cherat Cement (-1.2%), Pioneer Cement (-1.5%) and DG Khan Cement (-0.7%) were the major losers.The steel sector followed the trend where Aisha Steel Mills (-0.8%), Mughal Iron and Steel (-0.5%), International Industries (-0.2%), Amreli Steels (-0.9%) and Agha Steel (-1.2%) closed in the red region.“We expect the market to remain bullish ahead, however, with uncertainty amid political noise and increasing corona cases. Hence, we recommend investors to book profit on the higher side and wait for any sharp dip to accumulate value stocks,â€ÂÂ\x9d the analyst said.Overall, trading volumes dropped to 276.8 million shares compared with Friday’s tally of 350.4 million. The value of shares traded during the day was Rs9.5 billion.Shares of 382 companies were traded. At the end of the day, 151 stocks closed higher, 207 declined and 24 remained unchanged.Power Cement was the volume leader with 36.5 million shares, gaining Rs0.09 to close at Rs10.74. It was followed by TRG Pakistan with 31.9 million shares, gaining Rs3.53 to close at Rs57.47 and Pak Elektron with 19.2 million shares, gaining Rs1.05 to close at Rs35.18.Foreign institutional investors were net sellers of Rs452.6 million worth of shares during the trading session, according to data compiled by the National Clearing Company of Pakistan.', 'SYDNEY: Shares surged, oil prices jumped and the U.S. dollar remained weak on Monday as expectations of fewer regulatory reforms and more monetary stimulus under U.S. President-elect Joe Biden supported risk appetite.Asian markets rally after Biden winThe Democratic candidate’s election victory was already largely priced in by markets, which had been trading with the view of a Biden presidency and a Republican-controlled U.S. Senate since last week.E-mini futures for the S&P 500 jumped more than 1.5% on Monday while Nasdaq futures rallied over 2%, signalling a positive start for U.S. markets.Eurostoxx 50 futures gained 1.7%, Germany’s DAX futures climbed 1.8% and FTSE futures rose 1.4%.The mood was also upbeat in Asia, with all major indexes in the green.MSCI’s broadest index of Asia Pacific shares outside of Japan jumped 1.4% to 614.73 points, the highest since January 2018. It climbed 6.2% last week to clock its best weekly performance since early June.“While lots of attention was given to Trump vs Biden, markets have reacted strongly to the (likely) split congress, which means more confidence that interest rates will be lower for longer,â€Â\x9d said Dave Wang, portfolio manager at Nuvest Capital in Singapore.“The best opportunities now lie within segments of emerging markets, in particular China and North Asia. I believe earnings momentum and valuation put China in a very attractive risk/reward position.â€Â\x9dChinese shares started higher with the blue-chip CSI300 index up 2.2% on hopes of better Sino-U.S. trade relations under Biden.Japan rose 2.4% while the main indexes of Australia, Hong Kong and South Korea gained 1.5% each.Equities rallied hard last week, with the S&P500 up 7.3%, clocking the best gain in an election week since 1932, according to National Australia Bank analyst Tapas Strickland.Matt Sherwood of Australian fund manager Perpetual, however, said Biden’s victory did not necessarily warrant a tweaking of his portfolio.“In the end, we think the U.S. economy is still fairly fragile and growth’s slowing down,â€Â\x9d Sherwood said.“You could potentially gravitate your portfolio more towards higher-beta type markets, such as emerging markets, and there is potential for better prospects in the energy space than would have been the case with a Democrat clean sweep.â€Â\x9dOil prices jumped on Monday as investors cheered Biden’s victory, shrugging off worries about lacklustre demand amid rising global coronavirus cases.Brent crude added $1 to $40.48.Analysts said the outlook might get tougher from here as investors focus on Biden’s ability to expand fiscal stimulus and measures to reduce the spread of COVID-19.The United States saw a record number of new coronavirus infections last week, with the total number of cases nearing 10 million.U.S.-based wealth manager Jim Wilding at Confluence Financial Partners in Pennsylvania added a word of caution considering the S&P 500 is not far from all-time highs and equity valuations are generally at heady levels.“While we remain positive over the intermediate term outlook and believe divided government reduces the chances of a bear case scenario playing out, we would refrain from unbridled enthusiasm at current levels,â€Â\x9d he noted.A fiscal stimulus plan is still possible despite a divided government, analysts said, though a larger package is less likely. That puts the spotlight on the U.S. Federal Reserve to do more to bolster the world’s largest economy.As a result, the dollar has weakened in recent days while growth proxies such as the Australian dollar have rallied with the Biden presidency seen less likely to be confrontational on trade.The U.S. dollar was mostly flat against the yen at 103.36, after slipping about 1.3% last week.The Aussie scaled a 1-1/2 month high of $0.7297, having jumped 3.3% last week as trade-exposed currencies got a fillip from Biden’s predicted victory.Investor focus will also be on sterling and the euro this week with Brexit trade negotiations coming to a head with the EU summit on Nov. 15.Later in the day, the Bank of England’s chief economist will give a speech on ‘The economic impact of coronavirus and long term implications for the UK’.The euro, which climbed 1.9% last week, was a shade higher on Monday at $1.1891. Sterling rose 0.2% to $1.3183.']","['KARACHI the pakistan stock exchange (PSX) exhibited a turnaround on monday as the KSE-100 index rose over 200 points in intraday trading before giving up most of the gains and closing with a meagre increase of 52 points.market players took positive cue from international equities and oil markets. during the day, brent crude climbed $1.28, or 3.2%, to $40.73 a barrel and US west texas intermediate crude was at $38.40, up $1.26, or 3.4%.while investors cheered clarity in the US presidential election where joe biden was declared winner, overall sentiment remained mixed as market players were concerned over rising cases of coronavirus in the country and globally.earlier, the market opened on a positive note and touched the intra-day high within minutes but battered sentiment over the second wave of Covid-19 dragged the index into negative territory later. however, the index still managed to recover and close with a slight gain.at close, the benchmark KSE-100 index recorded an increase of 52.43 points, or 0.13%, to settle at 40,784.04 points.arif habib limited, in its report, stated that the market traded in a range of +212 points and -135 points. it closed the session in the green. overall trading volumes remained thin compared with the volumes reported in the previous quarter or so.banking, fertiliser and offboard stocks largely contributed to the activity, it said, adding, in the banking sector, HBL and MCB posted price gains.overnight positivity in US stock futures, followed by regional markets, helped investors take a positive view, though muted, on the KSE-100 index.sectors contributing to the performance included banks (+40 points), technology (+40 points), pharmaceutical (+26 points), chemical (+18 points) and fertiliser (+15 points).individually, stocks that contributed positively to the index included HBL (+40 points), TRG pakistan (+37 points), MCB (+24 points), Colgate-Palmolive (+22 points) and GlaxoSmithKline (+13 points).stocks that contributed negatively were lucky cement (-21 points), NBP (-10 points), pakistan petroleum (-8 points), oil and gas development company (-8 points) and EFU general insurance (-6 points).JS global analyst maaz mulla said the PSX benchmark index blew hot and cold, touching intra-day high of +212 points and stooping to a low of -135 points. it closed at 40,784 (+52 points).power cement (+0.8%), TRG pakistan (+6.5%) and pak elektron (+3.1%) led volumes with a cumulative 88 million shares changing hands throughout the day.on the news front, pakistan may return $2 billion worth of saudi arabian loan and is looking for various options to secure more financing aimed at keeping gross official foreign exchange reserves at their current level of over $12 billion, he stated.the cement sector declined where lucky cement (-1.1%), cherat cement (-1.2%), pioneer cement (-1.5%) and DG khan cement (-0.7%) were the major losers.the steel sector followed the trend where aisha steel mills (-0.8%), mughal iron and steel (-0.5%), international industries (-0.2%), amreli steels (-0.9%) and agha steel (-1.2%) closed in the red region.we expect the market to remain bullish ahead, however, with uncertainty amid political noise and increasing corona cases. hence, we recommend investors to book profit on the higher side and wait for any sharp dip to accumulate value stocks, the analyst said.overall, trading volumes dropped to 276.8 million shares compared with fridays tally of 350.4 million. the value of shares traded during the day was rs 9.5 billion.shares of 382 companies were traded. at the end of the day, 151 stocks closed higher, 207 declined and 24 remained unchanged.power cement was the volume leader with 36.5 million shares, gaining rs 0.09 to close at rs 10.74. it was followed by TRG pakistan with 31.9 million shares, gaining rs 3.53 to close at rs 57.47 and pak elektron with 19.2 million shares, gaining rs 1.05 to close at rs 35.18.foreign institutional investors were net sellers of rs 452.6 million worth of shares during the trading session, according to data compiled by the national clearing company of pakistan.', 'SYDNEY shares surged, oil prices jumped and the U.S. dollar remained weak on monday as expectations of fewer regulatory reforms and more monetary stimulus under U.S. President-elect joe biden supported risk appetite.asian markets rally after biden winthe democratic candidates election victory was already largely priced in by markets, which had been trading with the view of a biden presidency and a Republican-controlled U.S. senate since last week.E-mini futures for the S&P 500 jumped more than 1.5% on monday while nasdaq futures rallied over 2%, signalling a positive start for U.S. markets.eurostoxx 50 futures gained 1.7%, germanys DAX futures climbed 1.8% and FTSE futures rose 1.4%.the mood was also upbeat in asia, with all major indexes in the green.MSCIs broadest index of asia pacific shares outside of japan jumped 1.4% to 614.73 points, the highest since january 2018. it climbed 6.2% last week to clock its best weekly performance since early June.While lots of attention was given to trump vs biden, markets have reacted strongly to the (likely) split congress, which means more confidence that interest rates will be lower for longer, said dave wang, portfolio manager at nuvest capital in Singapore.The best opportunities now lie within segments of emerging markets, in particular china and north asia. I believe earnings momentum and valuation put china in a very attractive risk/reward position.chinese shares started higher with the blue-chip CSI300 index up 2.2% on hopes of better Sino-U.S. trade relations under Biden.Japan rose 2.4% while the main indexes of australia, hong kong and south korea gained 1.5% each.equities rallied hard last week, with the S&P500 up 7.3%, clocking the best gain in an election week since 1932, according to national australia bank analyst tapas Strickland.Matt sherwood of australian fund manager perpetual, however, said bidens victory did not necessarily warrant a tweaking of his portfolio.in the end, we think the U.S. economy is still fairly fragile and growths slowing down, sherwood said.you could potentially gravitate your portfolio more towards higher-beta type markets, such as emerging markets, and there is potential for better prospects in the energy space than would have been the case with a democrat clean sweep.oil prices jumped on monday as investors cheered bidens victory, shrugging off worries about lacklustre demand amid rising global coronavirus cases.brent crude added $1 to $40.48.analysts said the outlook might get tougher from here as investors focus on bidens ability to expand fiscal stimulus and measures to reduce the spread of COVID-19.The united states saw a record number of new coronavirus infections last week, with the total number of cases nearing 10 million.U.S.-based wealth manager jim wilding at confluence financial partners in pennsylvania added a word of caution considering the S&P 500 is not far from all-time highs and equity valuations are generally at heady levels.while we remain positive over the intermediate term outlook and believe divided government reduces the chances of a bear case scenario playing out, we would refrain from unbridled enthusiasm at current levels, he noted.a fiscal stimulus plan is still possible despite a divided government, analysts said, though a larger package is less likely. that puts the spotlight on the U.S. federal reserve to do more to bolster the worlds largest economy.as a result, the dollar has weakened in recent days while growth proxies such as the australian dollar have rallied with the biden presidency seen less likely to be confrontational on trade.the U.S. dollar was mostly flat against the yen at 103.36, after slipping about 1.3% last week.the aussie scaled a 1-1/2 month high of $0.7297, having jumped 3.3% last week as trade-exposed currencies got a fillip from bidens predicted victory.investor focus will also be on sterling and the euro this week with brexit trade negotiations coming to a head with the EU summit on nov. 15.later in the day, the bank of englands chief economist will give a speech on the economic impact of coronavirus and long term implications for the UK.The euro, which climbed 1.9% last week, was a shade higher on monday at $1.1891. sterling rose 0.2% to $1.3183.']","['https://tribune.com.pk/story/2271645/market-watch-kse-100-gains-slightly-in-range-bound-trading', 'https://www.brecorder.com/news/40031537/risk-assets-cheer-biden-win-dollar-nurses-losses']","['brent, , ']","['brent crude climbed', 'oil prices jumped']","['pos', 'pos']",93.96,"[4.35, 5.65]",5,1,3,,,"{
  ""Trading Recommendation"": ""Strong Buy"",
  ""Rationale"": ""The overall positive sentiment in recent news, coupled with a moderately positive market signal, suggests a favorable outlook for the stock. The EMA55_Signal indicating an upward trend further supports this recommendation.""
}"
11/10/2020,"['Oil falls as near-term demand worries overshadow COVID-19 vaccine relief', 'World stocks, oil rally on vaccine news', 'Saudi index sees biggest daily rise in over 6 months']","['oil falls as near-term demand worries overshadow COVID-19 vaccine relief', 'world stocks, oil rally on vaccine news', 'saudi index sees biggest daily rise in over 6 months']","['Business Recorder', 'Dawn', 'Business Recorder']","['MELBOURNE: Oil prices dropped on Tuesday as concerns over fuel demand in the near term in coronavirus-hit Europe and the United States returned to haunt the market after an overnight surge on progress towards a COVID-19 vaccine.U.S. West Texas Intermediate (WTI) crude futures fell 60 cents, or 1.5%, to $39.69 a barrel at 0139 GMT, while Brent crude futures fell 54 cents, or 1.3%, to $41.86 a barrel.Both benchmark contracts jumped 8% on Monday in their biggest daily gains in more than five months after drugmakers Pfizer PFE.N and BioNTech 22UAy.F said an experimental COVID-19 treatment was more than 90% effective based on initial trial results.“A viable vaccine is unequivocally game-changing for oil - a market where half of demand comes from moving people and things around,â€Â\x9d JP Morgan said in a note“But as we have written previously, oil is a spot asset that must first clear current supply and demand imbalances before one-to-two-year out prices can rise.â€Â\x9dRystad Energy said lockdowns in Europe could result in the loss of a further 1 million barrels per day of oil demand by the end of this year, while it would take several more months before a vaccine would be available.“The fast-tracking of multiple vaccines doesn’t mitigate the risk that many U.S. states will have to return to some form of lockdown this autumn/winter,â€Â\x9d Rystad Energy’s head of oil markets Bjornar Tonhaugen said.U.S. oil inventory numbers are due on Tuesday from the American Petroleum Institute, and on Wednesday from the Energy Information Administration.Five analysts polled by Reuters estimated, on average, that U.S. crude stockpiles fell by 1.3 million barrels in the week to Nov. 6.Tuesday’s oil price decline was tempered by comments from Saudi Arabia’s energy minister, who said on Monday the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+, could tweak their supply cut pact if demand slumps before the vaccine is available.OPEC+ agreed to cut supply by 7.7 million barrels per day from August through December and then ease the cut to 5.7 million bpd from January.“If the oil market continues to rally between now and the OPEC+ meeting at the end of the month, it could prove self-defeating, as some members may grow more reluctant to roll over current cuts into next year, leaving the market vulnerable over the first quarter of next year,â€Â\x9d ING economists said in a note.', 'NEW YORK: Wall Street followed world equity indexes to record levels and crude prices surged on Monday, as promising developments toward a coronavirus vaccine and the prospect of improved trade relations under President-elect Joe Biden gave a jolt to investor risk appetite.All major US stock indexes touched all-time highs and crude prices jumped more than 10 per cent.Pfizer Inc said its Covid-19 vaccine, developed with German partner BioNTech SE, was more than 90pc effective in preventing infection, marking the first successful data from a large-scale clinical trial.The Dow Jones Industrial Average rose 1,092.42 points, or 3.86pc, to 29,415.82, the S&P 500 gained 99.43 points, or 2.83pc, to 3,608.87 and the Nasdaq Composite added 139.21 points, or 1.17pc, to 12,034.44.Pfizer’s announcement gave a jolt to European shares, sending them to an eight-month high, building on hopes of more stable trade policies under president-elect Biden.The pan-European STOXX 600 index rose 4.03pc and MSCI’s gauge of stocks across the globe gained 2.42pc.Emerging market stocks rose 1.65pc. MSCI’s broadest index of Asia-Pacific shares outside Japan closed 1.21pc higher, while Japan’s Nikkei rose 2.12pc.Oil prices jumped nearly 10pc as the vaccine news and an Opec output deal fuelled optimism over rebounding demand. US crude rose 9.64pc to $40.72 per barrel and Brent was last at $42.79, up 8.47pc on the day.Spot gold dropped 4.5pc to $1,863.51 an ounce.Published in Dawn, November 10th, 2020', ""DUBAI: Most stock markets in the Middle East ended higher on Monday, mirroring a buoyant day in oil prices and global stocks, with the Saudi index leading the gains.Brent crude rose $3.33, or 8.4%, to $42.78 a barrel by 1216 GMT, after Pfizer said its Covid-19 vaccine was very effective and Saudi Arabia said an OPEC+ deal on output cuts could be adjusted to offset rising supply and weak demand.Pfizer Inc said on Monday its experimental Covid-19 vaccine was more than 90% effective, based on initial data from a large study.Saudi Arabia's benchmark index advanced 2.5%, its biggest intraday gain since April, led by a 2% rise in Al Rajhi Bank and a 4.4% leap in petrochemical firm Saudi Basic Industries.The kingdom's Energy Minister Prince Abdulaziz bin Salman said the OPEC+ deal on oil output cuts could be adjusted as it has been in the past if there is consensus among members of the group.Dubai's main share index climbed 1.8%, led by a 6% jump in blue-chip developer Emaar Properties and a 3.1% increase in Emirates NBD Bank.The Abu Dhabi index gained 0.8%, with the United Arab Emirates' largest lender, First Abu Dhabi Bank closing up 1.4%.In Qatar, the index added 1.9%, as all the stocks were in positive territory except one, with petrochemical maker Industries Qatar advancing 6.8%.The Kuwaiti index increased 1.5%, with Kuwait Finance House rising 1.8%.The anticipated addition of Kuwait to the MSCI Emerging Market index at the end of November is expected to positively affect the flow of foreign capital in Boursa Kuwait, Kamco Invest said in a research note on Thursday.Outside the Gulf, broad-based gains pushed Egypt's blue-chip index 1.5% higher, with financial stocks leading the pack.""]","['MELBOURNE oil prices dropped on tuesday as concerns over fuel demand in the near term in coronavirus-hit europe and the united states returned to haunt the market after an overnight surge on progress towards a COVID-19 vaccine.U.S. west texas intermediate (WTI) crude futures fell 60 cents, or 1.5%, to $39.69 a barrel at 0139 GMT, while brent crude futures fell 54 cents, or 1.3%, to $41.86 a barrel.both benchmark contracts jumped 8% on monday in their biggest daily gains in more than five months after drugmakers pfizer PFE.N and BioNTech 22UAy.F said an experimental COVID-19 treatment was more than 90% effective based on initial trial results.a viable vaccine is unequivocally game-changing for oil - a market where half of demand comes from moving people and things around, JP morgan said in a notebut as we have written previously, oil is a spot asset that must first clear current supply and demand imbalances before one-to-two-year out prices can rise.rystad energy said lockdowns in europe could result in the loss of a further 1 million barrels per day of oil demand by the end of this year, while it would take several more months before a vaccine would be available.the fast-tracking of multiple vaccines doesnt mitigate the risk that many U.S. states will have to return to some form of lockdown this autumn/winter, rystad energys head of oil markets bjornar tonhaugen said.U.S. oil inventory numbers are due on tuesday from the american petroleum institute, and on wednesday from the energy information Administration.Five analysts polled by reuters estimated, on average, that U.S. crude stockpiles fell by 1.3 million barrels in the week to nov. 6.tuesdays oil price decline was tempered by comments from saudi arabias energy minister, who said on monday the organization of the petroleum exporting countries (OPEC) and its allies, together known as OPEC+, could tweak their supply cut pact if demand slumps before the vaccine is available.OPEC+ agreed to cut supply by 7.7 million barrels per day from august through december and then ease the cut to 5.7 million bpd from January.If the oil market continues to rally between now and the OPEC+ meeting at the end of the month, it could prove self-defeating, as some members may grow more reluctant to roll over current cuts into next year, leaving the market vulnerable over the first quarter of next year, ING economists said in a note.', 'NEW YORK wall street followed world equity indexes to record levels and crude prices surged on monday, as promising developments toward a coronavirus vaccine and the prospect of improved trade relations under President-elect joe biden gave a jolt to investor risk appetite.all major US stock indexes touched all-time highs and crude prices jumped more than 10 per cent.pfizer inc said its Covid-19 vaccine, developed with german partner BioNTech SE, was more than 90pc effective in preventing infection, marking the first successful data from a large-scale clinical trial.the dow jones industrial average rose 1,092.42 points, or 3.86pc, to 29,415.82, the S&P 500 gained 99.43 points, or 2.83pc, to 3,608.87 and the nasdaq composite added 139.21 points, or 1.17pc, to 12,034.44.pfizers announcement gave a jolt to european shares, sending them to an eight-month high, building on hopes of more stable trade policies under president-elect Biden.The pan-European STOXX 600 index rose 4.03pc and MSCIs gauge of stocks across the globe gained 2.42pc.emerging market stocks rose 1.65pc. MSCIs broadest index of Asia-Pacific shares outside japan closed 1.21pc higher, while japans nikkei rose 2.12pc.oil prices jumped nearly 10pc as the vaccine news and an opec output deal fuelled optimism over rebounding demand. US crude rose 9.64pc to $40.72 per barrel and brent was last at $42.79, up 8.47pc on the day.spot gold dropped 4.5pc to $1,863.51 an ounce.', ""DUBAI most stock markets in the middle east ended higher on monday, mirroring a buoyant day in oil prices and global stocks, with the saudi index leading the gains.brent crude rose $3.33, or 8.4%, to $42.78 a barrel by 1216 GMT, after pfizer said its Covid-19 vaccine was very effective and saudi arabia said an OPEC+ deal on output cuts could be adjusted to offset rising supply and weak demand.pfizer inc said on monday its experimental Covid-19 vaccine was more than 90% effective, based on initial data from a large study.saudi arabia benchmark index advanced 2.5%, its biggest intraday gain since april, led by a 2% rise in al rajhi bank and a 4.4% leap in petrochemical firm saudi basic Industries.The kingdom energy minister prince abdulaziz bin salman said the OPEC+ deal on oil output cuts could be adjusted as it has been in the past if there is consensus among members of the group.dubai main share index climbed 1.8%, led by a 6% jump in blue-chip developer emaar properties and a 3.1% increase in emirates NBD Bank.The abu dhabi index gained 0.8%, with the united arab emirates' largest lender, first abu dhabi bank closing up 1.4%.in qatar, the index added 1.9%, as all the stocks were in positive territory except one, with petrochemical maker industries qatar advancing 6.8%.the kuwaiti index increased 1.5%, with kuwait finance house rising 1.8%.the anticipated addition of kuwait to the MSCI emerging market index at the end of november is expected to positively affect the flow of foreign capital in boursa kuwait, kamco invest said in a research note on Thursday.Outside the gulf, broad-based gains pushed egypt blue-chip index 1.5% higher, with financial stocks leading the pack.""]","['https://www.brecorder.com/news/40031790/oil-falls-as-near-term-demand-worries-overshadow-covid-19-vaccine-relief', 'https://www.dawn.com/news/1589580/world-stocks-oil-rally-on-vaccine-news', 'https://www.brecorder.com/news/40031737/saudi-index-sees-biggest-daily-rise-in-over-6-months']","['brent, , ']","['oil prices dropped', 'oil prices jumped', 'OPEC deal on output cuts could be adjusted']","['neg', 'pos', 'pos']",97.75,"[-1.61, 5.65, 2.92]",2.32,0,0,,,"{
  ""Trading Recommendation"": ""Refrain from the market"",
  ""Rationale"": ""Due to the lack of significant signals from both news sentiment and technical indicators, it's prudent to refrain from making any trading decisions at this time. It's advisable to wait for clearer signals to emerge before taking any action.""
}"
11/12/2020,['Oil falls after IEA cast doubt on quick demand recovery'],['oil falls after IEA cast doubt on quick demand recovery'],['Tribune'],"['LONDON:Oil prices fell on Thursday, snapping three consecutive daily gains, as traders tempered expectations of an early release of a Covid-19 vaccine and the IEA raised doubts about a quick demand rebound amid surging infections in Europe and the United States.Brent crude LCOc1 was down $0.2, or 0.5%, at $43.60 a barrel at 1235 GMT. US West Texas Intermediate (WTI) crude CLc1 fell $0.21, or 0.5%, to $41.24 a barrel.Both contracts soared more than 10% this week, lifted by hopes that the pandemic could be brought under control after data showed an experimental vaccine being developed by Pfizer Inc and BioNTech was 90% effective.However, the International Energy Agency (IEA) said on Thursday that global oil demand was unlikely to get a significant boost from the rollout of the vaccine until well into 2021.“The vaccine-related rotation has quickly faded as investors have realised that the pandemic won’t disappear as fast as it arrived,â€ÂÂ\x9d said Hussein Sayed, chief market strategist at FXTM.“While the vaccine remains the best news received since the virus spread, life won’t return to normal in a matter of days or weeks,â€ÂÂ\x9d he added.Europe is already grappling with surging infections and new social restrictions. New York has ordered bars and restaurants to close early as US cases hit record levels.Tamas Varga, analyst at PVM Oil, said until the exact timing of the availability of the vaccine becomes clear, oil prices “downside could turn out to be limited, but a serious upside potential is unlikely to develop in the immediate future.â€ÂÂ\x9dThe Organisation of the Petroleum Exporting Countries (OPEC) also revised its demand forecast on Wednesday, saying global oil demand will rebound more slowly in 2021 than previously thought because of rising coronavirus cases.Algeria’s energy minister said OPEC+ - grouping OPEC and allies like Russia - could extend production cuts of 7.7 million barrels per day (bpd) into 2021, or deepen them further, if needed.The weakening outlook has piled pressure on OPEC+ to hold back a supply increase of 2 million bpd scheduled for January, with the market now pricing in a delay, analysts said.“We feel OPEC has no choice but to delay output increases, most likely by three months,â€ÂÂ\x9d analysts at ANZ Research said in a note.']","['LONDON oil prices fell on thursday, snapping three consecutive daily gains, as traders tempered expectations of an early release of a Covid-19 vaccine and the IEA raised doubts about a quick demand rebound amid surging infections in europe and the united States.Brent crude LCOc1 was down $0.2, or 0.5%, at $43.60 a barrel at 1235 GMT. US west texas intermediate (WTI) crude CLc1 fell $0.21, or 0.5%, to $41.24 a barrel.both contracts soared more than 10% this week, lifted by hopes that the pandemic could be brought under control after data showed an experimental vaccine being developed by pfizer inc and BioNTech was 90% effective.however, the international energy agency (IEA) said on thursday that global oil demand was unlikely to get a significant boost from the rollout of the vaccine until well into 2021.the vaccine-related rotation has quickly faded as investors have realised that the pandemic wont disappear as fast as it arrived, said hussein sayed, chief market strategist at FXTM.While the vaccine remains the best news received since the virus spread, life wont return to normal in a matter of days or weeks, he added.europe is already grappling with surging infections and new social restrictions. new york has ordered bars and restaurants to close early as US cases hit record levels.tamas varga, analyst at PVM oil, said until the exact timing of the availability of the vaccine becomes clear, oil prices downside could turn out to be limited, but a serious upside potential is unlikely to develop in the immediate future.the organisation of the petroleum exporting countries (OPEC) also revised its demand forecast on wednesday, saying global oil demand will rebound more slowly in 2021 than previously thought because of rising coronavirus cases.algerias energy minister said OPEC+ - grouping OPEC and allies like russia - could extend production cuts of 7.7 million barrels per day (bpd) into 2021, or deepen them further, if needed.the weakening outlook has piled pressure on OPEC+ to hold back a supply increase of 2 million bpd scheduled for january, with the market now pricing in a delay, analysts said.we feel OPEC has no choice but to delay output increases, most likely by three months, analysts at ANZ research said in a note.']",['https://tribune.com.pk/story/2272044/oil-falls-after-iea-cast-doubt-on-quick-demand-recovery'],"['brent, , ']",['oil prices fell'],['neg'],98.58,[-5.33],-5.33,0,2,,,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The overall news sentiment is significantly negative, indicating a bearish outlook for the market. Due to the absence of clear technical signals, we rely solely on the news impact, which strongly suggests a sell recommendation. Investors are advised to proceed with caution and implement appropriate risk mitigation measures.""
}"
11/13/2020,"['Oil falls on COVID-19 surge but on track for weekly gain', 'Oil falls on coronavirus surge but on track for weekly gain', 'Rouble hits one-week low vs dollar on COVID-19 fears, oil price']","['oil falls on COVID-19 surge but on track for weekly gain', 'oil falls on coronavirus surge but on track for weekly gain', 'rouble hits one-week low vs dollar on COVID-19 fears, oil price']","['Business Recorder', 'Business Recorder', 'Business Recorder']","['TOKYO: Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to an accelerating rise in COVID-19 infections, but remained on track for a second straight weekly gain, helped by vaccine hopes.Brent crude was down 75 cents, or 1.7%, at $42.78 a barrel as of 0314 GMT, after dropping 0.6% on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 89 cents, or 2.2%, to $40.23 a barrel, having lost 0.8% on Thursday.For the week, both were headed for a surge of about 8%.U.S. government data also added pressure, as crude inventories rose by 4.3 million barrels last week, compared with an expected fall of 913,000 barrels.“Investors took profits from the recent rally as a gloomy global economic outlook dampened sentiment amid a sharp increase in coronavirus cases and new social restrictions,â€Â\x9d said Koichi Murakami, an analyst at Daiichi Commodities Co Ltd.“Oil prices are expected to stay under pressure next week if the spread of the pandemic continues to accelerate in many parts of the world,â€Â\x9d he said.New coronavirus infections in the United States and elsewhere are at record levels and tightening economic restrictions to contain the spread have dampened the prospect of a near-term end to the global health crisis.Hopes that such a resolution might be on the horizon have risen this week - stoking the jump in both WTI and Brent contracts - after data showed an experimental COVID-19 vaccine being developed by Pfizer Inc and Germany’s BioNTech was 90% effective.But the International Energy Agency (IEA) said on Thursday that global oil demand is unlikely to get a significant boost from the roll-out of vaccines against COVID-19 until well into 2021.“Views that it would take time to see any benefit from a COVID-19 vaccine prompted investors to unwind their long positions,â€Â\x9d said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co, adding chart analysis suggests WTI is headed toward $39.5 a barrel.Analysts say tougher restrictions on mobility to deal with sky-rocketing coronavirus cases mean the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, may hesitate to implement a planned loosening of output curbs agreed in a deal earlier this year.“The market has largely discounted a likely delay in tapering of cuts,â€Â\x9d Fujitomi’s Saito said.', 'LONDON: Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to rising coronavirus infections, but hopes for a vaccine kept the market on track for a second straight weekly gain.Brent crude was down 36 cents, or 0.83%, at $43.17 a barrel as of 1143 GMT. US West Texas Intermediate (WTI) crude futures fell 48 cents, or 1.17%, to $40.64 a barrel.For the week, both were headed for a surge of about 9%.US government data also added pressure, as crude inventories rose by 4.3 million barrels last week, compared with an expected fall of 913,000 barrels.""In essence, some of the feel good factor from the Pfizer vaccine has worn off and disappointing EIA figures have created a bit of a downward correction,"" Harry Tchilinguirian, head of commodity research at BNP Paribas, said.""However, OPEC+ is prepared to tweak its production and we\'re still waiting for the trial results of other vaccines that may be easier to distribute since they won\'t need such cold storage.""New coronavirus infections in the United States and elsewhere are at record levels and tightening restrictions to contain the spread have dampened the prospect of a near-term end to the global health crisis.Hopes were high that a resolution to the pandemic is on the horizon - stoking this week\'s jump in WTI and Brent contracts - after data showed an experimental COVID-19 vaccine being developed by Pfizer Inc and Germany\'s BioNTech was 90% effective.The International Energy Agency (IEA), however, said on Thursday that global oil demand is unlikely to get a significant boost from any roll-out of COVID-19 vaccines until well into 2021.""Views that it would take time to see any benefit from a COVID-19 vaccine prompted investors to unwind their long positions,"" said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co.Chart analysis suggests WTI is headed toward $39.50 a barrel, he added.Analysts say tougher restrictions on mobility to deal with sky-rocketing coronavirus cases mean the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, may hesitate to implement a planned loosening of output curbs agreed in a deal earlier this year.Algeria\'s energy minister said this week that OPEC+ could extend the group\'s current oil production cuts into 2021 or deepen them further if required.', ""MOSCOW: The Russian rouble slipped to a one-week low against the dollar on Friday as the global rise in coronavirus cases weighed on risk assets, oil prices fell and the positive impact of hopes for a COVID-19 vaccine wore off.The rouble has had a volatile few weeks, plunging to its lowest versus the euro since late 2014 on the eve of the US election and then posting its biggest one-day gain against the dollar in four years the day after the vote.By 1245 GMT, the rouble was 0.3% weaker at 77.60 versus the , after briefly touching 77.7075, its weakest since Nov. 6.Versus the euro, the rouble fell by 0.5% to 91.69 , far from levels of around 70 seen in early 2020 before oil prices crashed and the COVID-19 pandemic spread.Brent crude oil, a global benchmark for Russia's main export, was down 1.1% at $43.04 a barrel.The rouble started falling again, coinciding with a decline in oil prices and the weakening of emerging markets currencies, Sberbank CIB analysts wrote.The rouble showed little reaction to Russia's decision to tap the global market for the first time in 2020, raising 2 billion euros ($2.4 billion) in Eurobonds.Russia reported a record 21,983 new coronavirus infections on Friday as Moscow prepared to close restaurants and bars overnight in an effort to contain the pandemic.Pfizer's announcement this week of positive trial results from a COVID-19 vaccine it has developed with Germany's BioNTech had a brief positive impact on markets, but they generally dismissed news about the effectiveness of Russia's vaccine.On the stock market, the dollar-denominated RTS index was down 1.1% to 1,224.3 points. The rouble-based MOEX Russian index was 0.3% lower at 3,016.6 points.Shares in business conglomerate Sistema rose around 2.2%, outperforming the market on reports its online retailer Ozon planned to raise about $750 million in a US IPO.""]","['TOKYO oil prices fell on friday, pressured by fears about a slow recovery in the global economy and fuel demand due to an accelerating rise in COVID-19 infections, but remained on track for a second straight weekly gain, helped by vaccine hopes.brent crude was down 75 cents, or 1.7%, at $42.78 a barrel as of 0314 GMT, after dropping 0.6% on thursday. U.S. west texas intermediate (WTI) crude futures fell 89 cents, or 2.2%, to $40.23 a barrel, having lost 0.8% on Thursday.For the week, both were headed for a surge of about 8%.U.S. government data also added pressure, as crude inventories rose by 4.3 million barrels last week, compared with an expected fall of 913,000 barrels.investors took profits from the recent rally as a gloomy global economic outlook dampened sentiment amid a sharp increase in coronavirus cases and new social restrictions, said koichi murakami, an analyst at daiichi commodities co Ltd.Oil prices are expected to stay under pressure next week if the spread of the pandemic continues to accelerate in many parts of the world, he said.new coronavirus infections in the united states and elsewhere are at record levels and tightening economic restrictions to contain the spread have dampened the prospect of a near-term end to the global health crisis.hopes that such a resolution might be on the horizon have risen this week - stoking the jump in both WTI and brent contracts - after data showed an experimental COVID-19 vaccine being developed by pfizer inc and germanys BioNTech was 90% effective.but the international energy agency (IEA) said on thursday that global oil demand is unlikely to get a significant boost from the roll-out of vaccines against COVID-19 until well into 2021.views that it would take time to see any benefit from a COVID-19 vaccine prompted investors to unwind their long positions, said kazuhiko saito, chief analyst at commodities broker fujitomi co, adding chart analysis suggests WTI is headed toward $39.5 a barrel.analysts say tougher restrictions on mobility to deal with sky-rocketing coronavirus cases mean the organization of the petroleum exporting countries (OPEC) and its allies, known as OPEC+, may hesitate to implement a planned loosening of output curbs agreed in a deal earlier this year.the market has largely discounted a likely delay in tapering of cuts, fujitomis saito said.', 'LONDON oil prices fell on friday, pressured by fears about a slow recovery in the global economy and fuel demand due to rising coronavirus infections, but hopes for a vaccine kept the market on track for a second straight weekly gain.brent crude was down 36 cents, or 0.83%, at $43.17 a barrel as of 1143 GMT. US west texas intermediate (WTI) crude futures fell 48 cents, or 1.17%, to $40.64 a barrel.for the week, both were headed for a surge of about 9%.US government data also added pressure, as crude inventories rose by 4.3 million barrels last week, compared with an expected fall of 913,000 barrels.""in essence, some of the feel good factor from the pfizer vaccine has worn off and disappointing EIA figures have created a bit of a downward correction,"" harry tchilinguirian, head of commodity research at BNP paribas, said.""however, OPEC+ is prepared to tweak its production and we are still waiting for the trial results of other vaccines that may be easier to distribute since they won\'t need such cold storage.""new coronavirus infections in the united states and elsewhere are at record levels and tightening restrictions to contain the spread have dampened the prospect of a near-term end to the global health crisis.hopes were high that a resolution to the pandemic is on the horizon - stoking this week jump in WTI and brent contracts - after data showed an experimental COVID-19 vaccine being developed by pfizer inc and germany BioNTech was 90% effective.the international energy agency (IEA), however, said on thursday that global oil demand is unlikely to get a significant boost from any roll-out of COVID-19 vaccines until well into 2021.""views that it would take time to see any benefit from a COVID-19 vaccine prompted investors to unwind their long positions,"" said kazuhiko saito, chief analyst at commodities broker fujitomi Co.Chart analysis suggests WTI is headed toward $39.50 a barrel, he added.analysts say tougher restrictions on mobility to deal with sky-rocketing coronavirus cases mean the organization of the petroleum exporting countries (OPEC) and its allies, known as OPEC+, may hesitate to implement a planned loosening of output curbs agreed in a deal earlier this year.algeria energy minister said this week that OPEC+ could extend the group current oil production cuts into 2021 or deepen them further if required.', 'MOSCOW the russian rouble slipped to a one-week low against the dollar on friday as the global rise in coronavirus cases weighed on risk assets, oil prices fell and the positive impact of hopes for a COVID-19 vaccine wore off.the rouble has had a volatile few weeks, plunging to its lowest versus the euro since late 2014 on the eve of the US election and then posting its biggest one-day gain against the dollar in four years the day after the vote.by 1245 GMT, the rouble was 0.3% weaker at 77.60 versus the , after briefly touching 77.7075, its weakest since nov. 6.versus the euro, the rouble fell by 0.5% to 91.69 , far from levels of around 70 seen in early 2020 before oil prices crashed and the COVID-19 pandemic spread.brent crude oil, a global benchmark for russia main export, was down 1.1% at $43.04 a barrel.the rouble started falling again, coinciding with a decline in oil prices and the weakening of emerging markets currencies, sberbank CIB analysts wrote.the rouble showed little reaction to russia decision to tap the global market for the first time in 2020, raising 2 billion euros ($2.4 billion) in Eurobonds.Russia reported a record 21,983 new coronavirus infections on friday as moscow prepared to close restaurants and bars overnight in an effort to contain the pandemic.pfizer announcement this week of positive trial results from a COVID-19 vaccine it has developed with germany BioNTech had a brief positive impact on markets, but they generally dismissed news about the effectiveness of russia vaccine.on the stock market, the dollar-denominated RTS index was down 1.1% to 1,224.3 points. the rouble-based MOEX russian index was 0.3% lower at 3,016.6 points.shares in business conglomerate sistema rose around 2.2%, outperforming the market on reports its online retailer ozon planned to raise about $750 million in a US IPO.']","['https://www.brecorder.com/news/40032601/oil-falls-on-covid-19-surge-but-on-track-for-weekly-gain', 'https://www.brecorder.com/news/40032637/oil-falls-on-coronavirus-surge-but-on-track-for-weekly-gain', 'https://www.brecorder.com/news/40032660/rouble-hits-one-week-low-vs-dollar-on-covid-19-fears-oil-price']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices fell']","['neg', 'neg', 'neg']",96.72,"[-5.33, -5.33, -5.33]",-5.33,0,3,,,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The overall news sentiment is markedly negative, suggesting a bearish outlook for the market. Although there is a positive technical signal from EMA9_Signal, it is outweighed by the dominant negative sentiment from the news impact. Therefore, a strong sell signal is warranted.""
}"
11/16/2020,"['Oil falls on rising Libya output, coronavirus surge']","['oil falls on rising libya output, coronavirus surge']",['Business Recorder'],"['NEW YORK: Oil prices fell about 2% on Friday, pressured by swelling output from Libya and fears that rising coronavirus infections may slow the recovery in the global economy and fuel demand. Hopes for a vaccine kept crude futures on track for a second straight weekly gain.Brent crude was down 59 cents, or 1.4%, at $42.94 a barrel as of 1:27 p.m. ET (1827 GMT). US West Texas Intermediate (WTI) crude futures fell 81 cents, or 2%, to $40.31 a barrel. For the week, both were headed for a rise of more than 8%.Libyan oil production has risen to 1.2 million barrels per day (bpd), a Libyan oil source told Reuters, up from the 1.0 million bpd reported on Nov. 7 by the country\'s National Oil Corp.Signs of rising production in the US added to bearish sentiment. US oil rigs rose 10 to 236 this week, according to Baker Hughes data, their highest since May.Also pressuring prices, US government data showed crude inventories rose by 4.3 million barrels last week. Analysts had expected a draw of 913,000 barrels.""In essence, some of the feel-good factor from the Pfizer vaccine has worn off and disappointing EIA figures have created a bit of a downward correction,"" Harry Tchilinguirian, head of commodity research at BNP Paribas, said.""However, OPEC+ is prepared to tweak its production and we\'re still waiting for the trial results of other vaccines that may be easier to distribute since they won\'t need such cold storage.""New coronavirus infections in the United States and elsewhere are at record levels and tightening restrictions should lead to fuel demand recovering more slowly than many had hoped.WTI and Brent contracts jumped this week after data showed an experimental Covid-19 vaccine being developed by Pfizer Inc and Germany\'s BioNTech was 90% effective. But on Thursday, the International Energy Agency (IEA) said global oil demand was unlikely to get a significant boost from vaccines until well into 2021.""It\'s no surprise that the market is trimming the price gains today as realities for crude supply and demand are grim, while daily new Covid-19 cases in the US are setting new records for the third-straight day,"" Bjornar Tonhaugen, head of oil markets at Rystad, said.""Our crude and liquids balances suggest oil prices need to go lower before they go higher."" Analysts say tougher restrictions on mobility to deal with sky-rocketing coronavirus cases mean the Organization of the Petroleum Exporting Countries and its allies may hesitate to loosen output curbs as planned in January.The group known as OPEC+ is due to hold a Joint Ministerial Monitoring Committee next week, which will give some indications of what the producers may decide at the next ministerial meeting on Dec. 1. Algeria\'s energy minister said this week that OPEC+ could extend the group\'s current oil production cuts into 2021 or deepen them further if required.']","['NEW YORK oil prices fell about 2% on friday, pressured by swelling output from libya and fears that rising coronavirus infections may slow the recovery in the global economy and fuel demand. hopes for a vaccine kept crude futures on track for a second straight weekly gain.brent crude was down 59 cents, or 1.4%, at $42.94 a barrel as of 1 27 p.m. ET (1827 GMT). US west texas intermediate (WTI) crude futures fell 81 cents, or 2%, to $40.31 a barrel. for the week, both were headed for a rise of more than 8%.libyan oil production has risen to 1.2 million barrels per day (bpd), a libyan oil source told reuters, up from the 1.0 million bpd reported on nov. 7 by the country national oil Corp.Signs of rising production in the US added to bearish sentiment. US oil rigs rose 10 to 236 this week, according to baker hughes data, their highest since May.Also pressuring prices, US government data showed crude inventories rose by 4.3 million barrels last week. analysts had expected a draw of 913,000 barrels.""in essence, some of the feel-good factor from the pfizer vaccine has worn off and disappointing EIA figures have created a bit of a downward correction,"" harry tchilinguirian, head of commodity research at BNP paribas, said.""however, OPEC+ is prepared to tweak its production and we are still waiting for the trial results of other vaccines that may be easier to distribute since they won\'t need such cold storage.""new coronavirus infections in the united states and elsewhere are at record levels and tightening restrictions should lead to fuel demand recovering more slowly than many had hoped.WTI and brent contracts jumped this week after data showed an experimental Covid-19 vaccine being developed by pfizer inc and germany BioNTech was 90% effective. but on thursday, the international energy agency (IEA) said global oil demand was unlikely to get a significant boost from vaccines until well into 2021.""it no surprise that the market is trimming the price gains today as realities for crude supply and demand are grim, while daily new Covid-19 cases in the US are setting new records for the third-straight day,"" bjornar tonhaugen, head of oil markets at rystad, said.""our crude and liquids balances suggest oil prices need to go lower before they go higher."" analysts say tougher restrictions on mobility to deal with sky-rocketing coronavirus cases mean the organization of the petroleum exporting countries and its allies may hesitate to loosen output curbs as planned in January.The group known as OPEC+ is due to hold a joint ministerial monitoring committee next week, which will give some indications of what the producers may decide at the next ministerial meeting on dec. 1. algeria energy minister said this week that OPEC+ could extend the group current oil production cuts into 2021 or deepen them further if required.']",['https://www.brecorder.com/news/40032777/oil-falls-on-rising-libya-output-coronavirus-surge'],"['brent, , ']",['oil prices fell'],['neg'],95.4,[-5.33],-5.33,1,-3,,,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The overall news sentiment is significantly negative, reflecting a bearish outlook for the market. Despite conflicting technical indicators, the market signal is aligned with the negative sentiment, suggesting a strong sell recommendation. Investors are advised to exercise caution and consider appropriate risk management strategies.""
}"
11/17/2020,"['Oil jumps 4 percent on latest Covid-19 vaccine progress', 'Oil falls back on tightening restrictions despite OPEC+ hopes', 'Oil falls back on tightening restrictions despite OPEC+ hopes']","['oil jumps 4 percent on latest Covid-19 vaccine progress', 'oil falls back on tightening restrictions despite OPEC+ hopes', 'oil falls back on tightening restrictions despite OPEC+ hopes']","['Business Recorder', 'Business Recorder', 'Business Recorder']","['• OPEC+ October supply cut compliance seen at 96pc• China crude throughput hits record high in OctoberLONDON: Oil prices jumped more than 4% on Monday, recouping the previous session\'s losses after Moderna Inc said its experimental vaccine was 94.5% effective in preventing Covid-19.Brent crude futures for January were up $1.79, or 4.2%, to $44.57 a barrel by 1420 GMT, while US West Texas Intermediate crude for December was up $1.84, or 4.6%, at $41.97.""Vaccine euphoria has already been priced in heavily since last week, but a second remedy to Covid-19 shows that a large-scale vaccination programme, with sufficient amounts for the global population, is somewhat closer now,"" said Rystad Energy analyst Louise Dickson.The announcement by Moderna comes after Pfizer Inc reported last week that its vaccine was more than 90% effective, raising hopes that pandemic-driven damage to the global economy could be reduced.Prices were also buoyed by data showing a rebound in China and Japan, with figures showing that Chinese refineries processed record daily levels of crude in October.Both WTI and Brent gained more than 8% last week on hopes of a vaccine and expecttaion that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, would maintain lower output next year to support prices.The group, known as OPEC+, has been cutting production by about 7.7 million barrels a day (bpd), with compliance seen at 96% in October, and had planned to increase output by 2 million bpd from January.OPEC+ is set to hold a ministerial committee meeting on Tuesday that could recommend changes to production quotas when all the ministers meet on Nov. 30 and Dec. 1.""There is no denying that the oil market is fully in the hands of OPEC+,"" said SEB chief commodity analyst Bjarne Schieldrop. ""The organisation is the only reason why oil prices today are not $20 a barrel. As such, their upcoming meeting on Nov 30-Dec 1 is no less hugely important.""', 'LONDON: Oil prices fell back on Tuesday after being buoyed by expectations that OPEC+ producers would keep supplies tight and news of a second promising COVID-19 vaccine as tightening coronavirus-driven restrictions spurred caution.Brent and West Texas Intermediate crude were both up by about 40 cents before falling into negative territory.Brent was down 3 cents, or less than 0.1%, at $43.79 a barrel by 1213 GMT while WTI was down 5 cents, or 0.1%, at $41.29.""Oil prices enjoy modest gains this morning, as enthusiasm over a new, seemingly more efficient, vaccine has led a new price rally,"" said Rystad Energy\'s head of oil markets, Bjornar Tonhaugen.""Now all eyes are on possible leaks from today\'s OPEC+ technical meeting,"" he added.OPEC+, which groups the Organization of the Petroleum Exporting Countries, Russia and others, holds a ministerial committee meeting on Tuesday that could recommend changing quotas for next year when all the ministers meet on Nov. 30 and Dec. 1.OPEC+ has lowered its outlook on oil demand growth for 2021, a confidential document seen by Reuters shows, supporting the case for a tighter policy on output next year.Brent and WTI have risen more than 10% in the last six days after Pfizer said its COVID-19 vaccine was more than 90% effective. Prices had a further boost this week when Moderna said its vaccine was 94.5% effective.""Developments with regards to a vaccine are constructive for oil demand in the medium to long term. However, for the near term it changes little, with still plenty of concern over the demand impact from the latest wave of COVID-19,"" said ING commodity strategist Warren Patterson.Near-term economic outlook remains hazy as the grip of the virus grows stronger, with Sweden moving to restrict the size of public gatherings and a British medical adviser suggesting strengthening the three-tier system of restrictions when the full lockdown in England ends.But China\'s crude oil throughput in October rose to its highest level, underpinning a fast demand recovery.""Oil demand in China is exceeding pre-COVID-19 levels which suggests oil demand is not permanently impaired,"" analysts from Bernstein Energy said, saying this supported data indicating ""oil demand has not been structurally damaged"" by the pandemic.The Iranian government eyes oil price of $40 a barrel for its budget for next year, although the figure was not final yet. It is hopeful that US President-elect Joe Biden will lift US sanctions on its energy sector which would boost Iran\'s crude exports.', 'LONDON: Oil prices fell back on Tuesday after being buoyed by expectations that OPEC+ producers would keep supplies tight and news of a second promising COVID-19 vaccine as tightening coronavirus-driven restrictions spurred caution.Brent and West Texas Intermediate crude were both up by about 40 cents before falling into negative territory.Brent was down 3 cents, or less than 0.1%, at $43.79 a barrel by 1213 GMT while WTI was down 5 cents, or 0.1%, at $41.29.""Oil prices enjoy modest gains this morning, as enthusiasm over a new, seemingly more efficient, vaccine has led a new price rally,"" said Rystad Energy\'s head of oil markets, Bjornar Tonhaugen.""Now all eyes are on possible leaks from today\'s OPEC+ technical meeting,"" he added.OPEC+, which groups the Organization of the Petroleum Exporting Countries, Russia and others, holds a ministerial committee meeting on Tuesday that could recommend changing quotas for next year when all the ministers meet on Nov. 30 and Dec. 1.OPEC+ has lowered its outlook on oil demand growth for 2021, a confidential document seen by Reuters shows, supporting the case for a tighter policy on output next year.Brent and WTI have risen more than 10% in the last six days after Pfizer said its COVID-19 vaccine was more than 90% effective. Prices had a further boost this week when Moderna said its vaccine was 94.5% effective.""Developments with regards to a vaccine are constructive for oil demand in the medium to long term. However, for the near term it changes little, with still plenty of concern over the demand impact from the latest wave of COVID-19,"" said ING commodity strategist Warren Patterson.Near-term economic outlook remains hazy as the grip of the virus grows stronger, with Sweden moving to restrict the size of public gatherings and a British medical adviser suggesting strengthening the three-tier system of restrictions when the full lockdown in England ends.But China\'s crude oil throughput in October rose to its highest level, underpinning a fast demand recovery.""Oil demand in China is exceeding pre-COVID-19 levels which suggests oil demand is not permanently impaired,"" analysts from Bernstein Energy said, saying this supported data indicating ""oil demand has not been structurally damaged"" by the pandemic.The Iranian government eyes oil price of $40 a barrel for its budget for next year, although the figure was not final yet. It is hopeful that US President-elect Joe Biden will lift US sanctions on its energy sector which would boost Iran\'s crude exports.']","['OPEC+ october supply cut compliance seen at 96pc china crude throughput hits record high in OctoberLONDON oil prices jumped more than 4% on monday, recouping the previous session losses after moderna inc said its experimental vaccine was 94.5% effective in preventing Covid-19.Brent crude futures for january were up $1.79, or 4.2%, to $44.57 a barrel by 1420 GMT, while US west texas intermediate crude for december was up $1.84, or 4.6%, at $41.97.""vaccine euphoria has already been priced in heavily since last week, but a second remedy to Covid-19 shows that a large-scale vaccination programme, with sufficient amounts for the global population, is somewhat closer now,"" said rystad energy analyst louise Dickson.The announcement by moderna comes after pfizer inc reported last week that its vaccine was more than 90% effective, raising hopes that pandemic-driven damage to the global economy could be reduced.prices were also buoyed by data showing a rebound in china and japan, with figures showing that chinese refineries processed record daily levels of crude in October.Both WTI and brent gained more than 8% last week on hopes of a vaccine and expecttaion that the organization of the petroleum exporting countries (OPEC) and its allies, including russia, would maintain lower output next year to support prices.the group, known as OPEC+, has been cutting production by about 7.7 million barrels a day (bpd), with compliance seen at 96% in october, and had planned to increase output by 2 million bpd from January.OPEC+ is set to hold a ministerial committee meeting on tuesday that could recommend changes to production quotas when all the ministers meet on nov. 30 and dec. 1.""there is no denying that the oil market is fully in the hands of OPEC+,"" said SEB chief commodity analyst bjarne schieldrop. ""the organisation is the only reason why oil prices today are not $20 a barrel. as such, their upcoming meeting on nov 30-Dec 1 is no less hugely important.""', 'LONDON oil prices fell back on tuesday after being buoyed by expectations that OPEC+ producers would keep supplies tight and news of a second promising COVID-19 vaccine as tightening coronavirus-driven restrictions spurred caution.brent and west texas intermediate crude were both up by about 40 cents before falling into negative territory.brent was down 3 cents, or less than 0.1%, at $43.79 a barrel by 1213 GMT while WTI was down 5 cents, or 0.1%, at $41.29.""oil prices enjoy modest gains this morning, as enthusiasm over a new, seemingly more efficient, vaccine has led a new price rally,"" said rystad energy head of oil markets, bjornar Tonhaugen.""Now all eyes are on possible leaks from today OPEC+ technical meeting,"" he added.OPEC+, which groups the organization of the petroleum exporting countries, russia and others, holds a ministerial committee meeting on tuesday that could recommend changing quotas for next year when all the ministers meet on nov. 30 and dec. 1.OPEC+ has lowered its outlook on oil demand growth for 2021, a confidential document seen by reuters shows, supporting the case for a tighter policy on output next year.brent and WTI have risen more than 10% in the last six days after pfizer said its COVID-19 vaccine was more than 90% effective. prices had a further boost this week when moderna said its vaccine was 94.5% effective.""developments with regards to a vaccine are constructive for oil demand in the medium to long term. however, for the near term it changes little, with still plenty of concern over the demand impact from the latest wave of COVID-19,"" said ING commodity strategist warren Patterson.Near-term economic outlook remains hazy as the grip of the virus grows stronger, with sweden moving to restrict the size of public gatherings and a british medical adviser suggesting strengthening the three-tier system of restrictions when the full lockdown in england ends.but china crude oil throughput in october rose to its highest level, underpinning a fast demand recovery.""oil demand in china is exceeding pre-COVID-19 levels which suggests oil demand is not permanently impaired,"" analysts from bernstein energy said, saying this supported data indicating ""oil demand has not been structurally damaged"" by the pandemic.the iranian government eyes oil price of $40 a barrel for its budget for next year, although the figure was not final yet. it is hopeful that US President-elect joe biden will lift US sanctions on its energy sector which would boost iran crude exports.', 'LONDON oil prices fell back on tuesday after being buoyed by expectations that OPEC+ producers would keep supplies tight and news of a second promising COVID-19 vaccine as tightening coronavirus-driven restrictions spurred caution.brent and west texas intermediate crude were both up by about 40 cents before falling into negative territory.brent was down 3 cents, or less than 0.1%, at $43.79 a barrel by 1213 GMT while WTI was down 5 cents, or 0.1%, at $41.29.""oil prices enjoy modest gains this morning, as enthusiasm over a new, seemingly more efficient, vaccine has led a new price rally,"" said rystad energy head of oil markets, bjornar Tonhaugen.""Now all eyes are on possible leaks from today OPEC+ technical meeting,"" he added.OPEC+, which groups the organization of the petroleum exporting countries, russia and others, holds a ministerial committee meeting on tuesday that could recommend changing quotas for next year when all the ministers meet on nov. 30 and dec. 1.OPEC+ has lowered its outlook on oil demand growth for 2021, a confidential document seen by reuters shows, supporting the case for a tighter policy on output next year.brent and WTI have risen more than 10% in the last six days after pfizer said its COVID-19 vaccine was more than 90% effective. prices had a further boost this week when moderna said its vaccine was 94.5% effective.""developments with regards to a vaccine are constructive for oil demand in the medium to long term. however, for the near term it changes little, with still plenty of concern over the demand impact from the latest wave of COVID-19,"" said ING commodity strategist warren Patterson.Near-term economic outlook remains hazy as the grip of the virus grows stronger, with sweden moving to restrict the size of public gatherings and a british medical adviser suggesting strengthening the three-tier system of restrictions when the full lockdown in england ends.but china crude oil throughput in october rose to its highest level, underpinning a fast demand recovery.""oil demand in china is exceeding pre-COVID-19 levels which suggests oil demand is not permanently impaired,"" analysts from bernstein energy said, saying this supported data indicating ""oil demand has not been structurally damaged"" by the pandemic.the iranian government eyes oil price of $40 a barrel for its budget for next year, although the figure was not final yet. it is hopeful that US President-elect joe biden will lift US sanctions on its energy sector which would boost iran crude exports.']","['https://www.brecorder.com/news/40033255/oil-jumps-4-percent-on-latest-covid-19-vaccine-progress', 'https://www.brecorder.com/news/40033356/oil-falls-back-on-tightening-restrictions-despite-opec-hopes', 'https://www.brecorder.com/news/40033356/oil-falls-back-on-tightening-restrictions-despite-opec-hopes']","['brent, , ']","['oil prices jumped', 'brent was down', 'oil prices fell']","['pos', 'neg', 'neg']",95.04,"[5.65, -1.43, -5.33]",-0.37,1,-3,,,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""In the absence of strong signals from both news sentiment and technical indicators, we recommend holding the position. The market signal is neutral, and technical indicators do not provide a clear direction. It's advisable to wait for clearer signals before making any trading decisions.""
}"
11/18/2020,"['Oil dips on lockdown even though OPEC+ may tighten supply', 'TSX gains on energy boost']","['oil dips on lockdown even though OPEC+ may tighten supply', 'TSX gains on energy boost']","['Business Recorder', 'Business Recorder']","['NEW YORK: Oil prices slipped on Tuesday as worries that lockdowns to fight a new surge in coronavirus cases could hit short-term demand outweighed hopes for a vaccine and the possibility of tighter OPEC+ supply policies.Brent futures fell 38 cents, or 0.9%, to $43.44 a barrel by 1:52 p.m. EST (1852 GMT), while US crude fell 27 cents, or 0.7%, to $41.07.On Monday, Brent closed at a 10-week high following Moderna Inc’s announcement that its coronavirus vaccine was 94.5% effective. That followed similar news from Pfizer Inc last week. But the short-term economic outlook remains hazy with several European nations tightening restrictions as coronavirus cases increase. To tackle weaker energy demand amid a wave of new coronavirus cases, Saudi Arabia called on fellow OPEC+ members to be flexible in responding to oil market needs as it builds the case for a tighter production policy in 2021.OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC), Russia and others, lowered its outlook on oil demand growth for 2021, according to a confidential document seen by Reuters. An option gaining support among OPEC+ nations is to keep the existing cuts of 7.7 million barrels per day (bpd) for a further three to six months, sources said, rather than tapering the reduction to 5.7 million bpd in January.“It’s widely expected OPEC+ will push back on plans to increase production ... in January but with the Pfizer and Moderna announcements pushing oil back above $40, there may not be the same support there as there was just over two weeks ago,â€Â\x9d said Craig Erlam, senior analyst at OANDA. OPEC+ held a ministerial committee meeting on Tuesday that made no formal recommendation. The group will hold a full meeting on Nov. 30-Dec. 1.“The lack of a recommendation forces the market to wait for the next episode of this saga before feeling comfortable again,â€Â\x9d said Bjornar Tonhaugen, head of oil markets at Rystad Energy, noting “we are in for a multi-month supply glutâ€Â\x9d if OPEC+ increases output from January. In the United States, meanwhile, analysts said crude inventories likely rose 1.7 million barrels last week after gaining 4.3 million barrels in the prior week, according to a Reuters poll. The poll was conducted ahead of reports from the American Petroleum Institute (API) industry group at 4:30 p.m. EST on Tuesday and the US Energy Information Administration on Wednesday.', ""Canada's main stock index rose on Wednesday, supported by energy stocks as oil prices gained on hopes that OPEC and its allies will delay a planned increase in output.The energy sector climbed 2.3% as US crude prices were up 0.8% a barrel, while Brent crude added 1.3%.The largest percentage gainers on the TSX were oil producer Enerplus Corporation, which jumped 7.4%, and Vermilion Energy Inc, which rose 5.4%.At 9:45 a.m. ET (1445 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 18.84 points, or 0.11%, at 16,966.9.Canada's annual inflation rate unexpectedly accelerated to 0.7% in October, up from a year-over-year increase of 0.5% in September, mainly on higher food prices, Statistics Canada said.The materials sector, which includes precious and base metals miners and fertilizer companies, lost 1.1%.Gold was stuck to a narrow range as optimism over Pfizer's successful vaccine trials countered concerns over rising coronavirus infections and bets for further economic support.On the TSX, 111 issues were higher, while 105 issues declined for a 1.06-to-1 ratio favouring gainers, with 21.12 million shares traded.Granite Real Estate Investment Trust fell 3.6%, the most on the TSX and the second biggest decliner was SilverCrest Metals Inc, down 2.6%.The most heavily traded shares by volume were Bombardier Inc, Baytex Energy Corp and Suncor Energy Inc .The TSX posted six new 52-week highs and no new low.Across all Canadian issues there were 40 new 52-week highs and five new lows, with total volume of 41.85 million shares.""]","['NEW YORK oil prices slipped on tuesday as worries that lockdowns to fight a new surge in coronavirus cases could hit short-term demand outweighed hopes for a vaccine and the possibility of tighter OPEC+ supply policies.brent futures fell 38 cents, or 0.9%, to $43.44 a barrel by 1 52 p.m. EST (1852 GMT), while US crude fell 27 cents, or 0.7%, to $41.07.on monday, brent closed at a 10-week high following moderna incs announcement that its coronavirus vaccine was 94.5% effective. that followed similar news from pfizer inc last week. but the short-term economic outlook remains hazy with several european nations tightening restrictions as coronavirus cases increase. to tackle weaker energy demand amid a wave of new coronavirus cases, saudi arabia called on fellow OPEC+ members to be flexible in responding to oil market needs as it builds the case for a tighter production policy in 2021.OPEC+, which groups the organization of the petroleum exporting countries (OPEC), russia and others, lowered its outlook on oil demand growth for 2021, according to a confidential document seen by reuters. an option gaining support among OPEC+ nations is to keep the existing cuts of 7.7 million barrels per day (bpd) for a further three to six months, sources said, rather than tapering the reduction to 5.7 million bpd in January.Its widely expected OPEC+ will push back on plans to increase production . in january but with the pfizer and moderna announcements pushing oil back above $40, there may not be the same support there as there was just over two weeks ago, said craig erlam, senior analyst at OANDA. OPEC+ held a ministerial committee meeting on tuesday that made no formal recommendation. the group will hold a full meeting on nov. 30-Dec. 1.the lack of a recommendation forces the market to wait for the next episode of this saga before feeling comfortable again, said bjornar tonhaugen, head of oil markets at rystad energy, noting we are in for a multi-month supply glut if OPEC+ increases output from january. in the united states, meanwhile, analysts said crude inventories likely rose 1.7 million barrels last week after gaining 4.3 million barrels in the prior week, according to a reuters poll. the poll was conducted ahead of reports from the american petroleum institute (API) industry group at 4 30 p.m. EST on tuesday and the US energy information administration on wednesday.', 'canada main stock index rose on wednesday, supported by energy stocks as oil prices gained on hopes that OPEC and its allies will delay a planned increase in output.the energy sector climbed 2.3% as US crude prices were up 0.8% a barrel, while brent crude added 1.3%.the largest percentage gainers on the TSX were oil producer enerplus corporation, which jumped 7.4%, and vermilion energy inc, which rose 5.4%.at 9 45 a.m. ET (1445 GMT), the toronto stock exchange S&P/TSX composite index was up 18.84 points, or 0.11%, at 16,966.9.canada annual inflation rate unexpectedly accelerated to 0.7% in october, up from a year-over-year increase of 0.5% in september, mainly on higher food prices, statistics canada said.the materials sector, which includes precious and base metals miners and fertilizer companies, lost 1.1%.gold was stuck to a narrow range as optimism over pfizer successful vaccine trials countered concerns over rising coronavirus infections and bets for further economic support.on the TSX, 111 issues were higher, while 105 issues declined for a 1.06-to-1 ratio favouring gainers, with 21.12 million shares traded.granite real estate investment trust fell 3.6%, the most on the TSX and the second biggest decliner was SilverCrest metals inc, down 2.6%.the most heavily traded shares by volume were bombardier inc, baytex energy corp and suncor energy inc .the TSX posted six new 52-week highs and no new low.across all canadian issues there were 40 new 52-week highs and five new lows, with total volume of 41.85 million shares.']","['https://www.brecorder.com/news/40033451/oil-dips-on-lockdown-even-though-opec-may-tighten-supply', 'https://www.brecorder.com/news/40033635/tsx-gains-on-energy-boost']","['brent, , ']","['oil prices slip', 'oil prices gained']","['neg', 'pos']",94.49,"[-1.78, 4.14]",1.18,2,-3,,,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""Given the neutral market signal and the conflicting signals from technical indicators, we recommend holding the position. While the news sentiment is moderately positive, the technical indicators do not provide a clear direction. Investors are advised to exercise caution and monitor the market closely for clearer signals.""
}"
11/20/2020,['Oil slips a second day as coronavirus cases spiral amid stimulus talks'],['oil slips a second day as coronavirus cases spiral amid stimulus talks'],['Business Recorder'],"['TOKYO: U.S. oil prices slipped on Friday, dropping for a second day as concerns mounted about the hit to demand from the surge in COVID-19 infections forcing new lockdowns, but prices were supported by signs of movement on a stimulus deal in Washington.West Texas Intermediate was down 9 cents, or 0.2%, at $41.65 a barrel by 0039 GMT, after dropping around 0.2% on Thursday. Brent crude was yet to trade, having fallen 0.3% in the previous session. The contracts are heading for a third week of gains.U.S. Senate Republican Majority Leader Mitch McConnell agreed to resume discussions on providing more COVID-19 relief as cases surge across the United States, Democratic leader Chuck Schumer said on Thursday, according to CNBC.“Any stimulus deal done before the holidays will help keep crude prices stay near the upper boundaries of its recent trading range,â€Â\x9d said Edward Moya, senior market analyst at OANDA.Hospitalizations of patients with COVID-19 in the United States have jumped nearly 50% in the past fortnight, forcing states to impose new restrictions to curb an alarming spread of the virus with Americans facing the prospect of a grim winter and holiday season.“While falling demand is bearish for oil prices, that has mostly been priced in and should not drive significant weakness as the U.S. announces more lockdowns over the next couple of weeks,â€Â\x9d Moya said.To counter the fall in demand from movement restrictions, OPEC+ members are likely to delay a plan to boost production from January by 2 million barrels per day, sources told Reuters.OPEC+, a grouping that includes the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, will discuss its output policy at a meeting on Nov. 30 and Dec. 1.Oversupply concerns continue to weigh though as Libya has boosted its production much faster than analysts had expected, after shut-ins from the country’s conflict.Loadings of Libya’s largest crude stream are set to increase, after the OPEC member raised production to pre-blockade levels of 1.25 million bpd.']","['TOKYO U.S. oil prices slipped on friday, dropping for a second day as concerns mounted about the hit to demand from the surge in COVID-19 infections forcing new lockdowns, but prices were supported by signs of movement on a stimulus deal in Washington.West texas intermediate was down 9 cents, or 0.2%, at $41.65 a barrel by 0039 GMT, after dropping around 0.2% on thursday. brent crude was yet to trade, having fallen 0.3% in the previous session. the contracts are heading for a third week of gains.U.S. senate republican majority leader mitch McConnell agreed to resume discussions on providing more COVID-19 relief as cases surge across the united states, democratic leader chuck schumer said on thursday, according to CNBC.Any stimulus deal done before the holidays will help keep crude prices stay near the upper boundaries of its recent trading range, said edward moya, senior market analyst at OANDA.Hospitalizations of patients with COVID-19 in the united states have jumped nearly 50% in the past fortnight, forcing states to impose new restrictions to curb an alarming spread of the virus with americans facing the prospect of a grim winter and holiday season.while falling demand is bearish for oil prices, that has mostly been priced in and should not drive significant weakness as the U.S. announces more lockdowns over the next couple of weeks, moya said.to counter the fall in demand from movement restrictions, OPEC+ members are likely to delay a plan to boost production from january by 2 million barrels per day, sources told Reuters.OPEC+, a grouping that includes the organization of the petroleum exporting countries (OPEC), russia and other producers, will discuss its output policy at a meeting on nov. 30 and dec. 1.oversupply concerns continue to weigh though as libya has boosted its production much faster than analysts had expected, after shut-ins from the countrys conflict.loadings of libyas largest crude stream are set to increase, after the OPEC member raised production to pre-blockade levels of 1.25 million bpd.']",['https://www.brecorder.com/news/40034035/oil-slips-a-second-day-as-coronavirus-cases-spiral-amid-stimulus-talks'],"['brent, , ']",['oil prices slip'],['neg'],93.64,[-1.78],-1.78,2,-3,,0,"{
  ""Trading Recommendation"": ""Refrain from the market"",
  ""Rationale"": ""In light of conflicting signals from the technical indicators (EMA9_Signal suggesting sell and EMA55_Signal suggesting buy) and moderately negative news sentiment, we recommend refraining from making any specific trading decisions at this time. It's advisable to wait for clearer signals to emerge before taking any action.""
}"
11/24/2020,"['Oil hits highest since March on third Covid vaccine', 'Oil hits highest since March, spurred by vaccine hopes']","['oil hits highest since march on third covid vaccine', 'oil hits highest since march, spurred by vaccine hopes']","['Tribune', 'Business Recorder']","['LONDON:Oil hit its highest since March on Tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred demand recovery hopes and US President-elect Joe Biden received the go-ahead to begin his transition.AstraZeneca said on Monday its Covid-19 shot was 70% effective in trials and could be up to 90% effective, giving the fight against the pandemic a third vaccine. This follows positive results from Pfizer/BioNTech and Moderna.Brent crude rose $0.45, or 1%, to $46.51 a barrel by 1110 GMT and hit a session high of $46.72, its highest since March 6. US West Texas Intermediate crude gained $0.47, or 1.1%, to $43.53.“The fight against the coronavirus is intensifying and is proving to be increasingly successful,â€ÂÂ\x9d said Tamas Varga of broker PVM. “Next year’s oil demand estimates are bound to be amended upwards.â€ÂÂ\x9dThis is Brent’s highest since the collapse of an earlier Organisation of the Petroleum Exporting Countries (OPEC)-led output pact, just as demand was starting to crater in March due to the developing pandemic, sent prices crashing.Also supporting oil and wider financial markets, US President Donald Trump on Monday allowed officials to proceed with a transition to Joe Biden’s administration.“In the short term, this is good for markets in general as well as for the oil market,â€ÂÂ\x9d said Bjarne Schieldrop of SEB.Expectations that US crude inventories edged lower last week also added support. The first of this week’s US supply reports is due at 2130 GMT from the American Petroleum Institute.After the previous output pact collapsed leading to a brief Saudi Arabia-Russia price war, OPEC and allies agreed to record high output cuts to support prices.OPEC+, as the group is known, is expected to roll over current cuts into 2021 at meetings on November 30-December 1, following technical talks this week.', 'LONDON: Oil hit its highest since March on Tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred hopes of a quicker recovery in economic growth and oil demand next year.AstraZeneca said on Monday its COVID-19 shot was 70pc effective in trials and could be up to 90pc effective, giving the fight against the pandemic a third vaccine. This follows positive results from Pfizer/BioNTech and Moderna. Brent crude rose 31 cents, or 0.7pc, to $46.37 a barrel by 0914 GMT and hit a session high of $46.72, its highest since March 6. U.S. West Texas Intermediate crude gained 32 cents, or 0.7pc, to $43.38.""The fight against the coronavirus is intensifying and is proving to be increasingly successful,"" said Tamas Varga of broker PVM. ""Next year\'s oil demand estimates are bound to be amended upwards.""This is Brent\'s highest since a Saudi Arabia-Russia price war just as demand was starting to crater due to the pandemic in March sent prices crashing. Both benchmarks settled up about 2pc on Monday after gaining about 5pc last week. Also supporting oil and wider financial markets, U.S. President Donald Trump on Monday allowed officials to proceed with a transition to Joe Biden\'s administration.""With a Biden presidency perceived as more international trade-friendly, markets have assumed that consumption in 2021, will rise again,"" said Jeffrey Halley of brokerage OANDA.Expectations that U.S. crude inventories edged lower last week also added support. The first of this week\'s U.S. supply reports is due at 2130 GMT from the American Petroleum Institute.After the price war in March, the Organization of the Petroleum Exporting Countries and allies led by Russia, a group known as OPEC+, agreed to record high output cuts to support prices.OPEC+ is expected to roll over current cuts into 2021 at meetings on Nov. 30-Dec. 1, following technical talks this week.']","['LONDON oil hit its highest since march on tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred demand recovery hopes and US President-elect joe biden received the go-ahead to begin his transition.AstraZeneca said on monday its Covid-19 shot was 70% effective in trials and could be up to 90% effective, giving the fight against the pandemic a third vaccine. this follows positive results from Pfizer/BioNTech and Moderna.Brent crude rose $0.45, or 1%, to $46.51 a barrel by 1110 GMT and hit a session high of $46.72, its highest since march 6. US west texas intermediate crude gained $0.47, or 1.1%, to $43.53.the fight against the coronavirus is intensifying and is proving to be increasingly successful, said tamas varga of broker PVM. next years oil demand estimates are bound to be amended upwards.this is brents highest since the collapse of an earlier organisation of the petroleum exporting countries (OPEC)-led output pact, just as demand was starting to crater in march due to the developing pandemic, sent prices crashing.also supporting oil and wider financial markets, US president donald trump on monday allowed officials to proceed with a transition to joe bidens administration.in the short term, this is good for markets in general as well as for the oil market, said bjarne schieldrop of SEB.Expectations that US crude inventories edged lower last week also added support. the first of this weeks US supply reports is due at 2130 GMT from the american petroleum Institute.After the previous output pact collapsed leading to a brief saudi Arabia-Russia price war, OPEC and allies agreed to record high output cuts to support prices.OPEC+, as the group is known, is expected to roll over current cuts into 2021 at meetings on november 30-December 1, following technical talks this week.', 'LONDON oil hit its highest since march on tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred hopes of a quicker recovery in economic growth and oil demand next year.AstraZeneca said on monday its COVID-19 shot was 70pc effective in trials and could be up to 90pc effective, giving the fight against the pandemic a third vaccine. this follows positive results from Pfizer/BioNTech and moderna. brent crude rose 31 cents, or 0.7pc, to $46.37 a barrel by 0914 GMT and hit a session high of $46.72, its highest since march 6. U.S. west texas intermediate crude gained 32 cents, or 0.7pc, to $43.38.""the fight against the coronavirus is intensifying and is proving to be increasingly successful,"" said tamas varga of broker PVM. ""next year oil demand estimates are bound to be amended upwards.""this is brent highest since a saudi Arabia-Russia price war just as demand was starting to crater due to the pandemic in march sent prices crashing. both benchmarks settled up about 2pc on monday after gaining about 5pc last week. also supporting oil and wider financial markets, U.S. president donald trump on monday allowed officials to proceed with a transition to joe biden administration.""with a biden presidency perceived as more international trade-friendly, markets have assumed that consumption in 2021, will rise again,"" said jeffrey halley of brokerage OANDA.Expectations that U.S. crude inventories edged lower last week also added support. the first of this week U.S. supply reports is due at 2130 GMT from the american petroleum Institute.After the price war in march, the organization of the petroleum exporting countries and allies led by russia, a group known as OPEC+, agreed to record high output cuts to support prices.OPEC+ is expected to roll over current cuts into 2021 at meetings on nov. 30-Dec. 1, following technical talks this week.']","['https://tribune.com.pk/story/2273413/oil-hits-highest-since-march-on-third-covid-vaccine', 'https://www.brecorder.com/news/40034873/oil-hits-highest-since-march-spurred-by-vaccine-hopes']","['brent, , ']","['oil hit its highest', 'oil hit its highest']","['pos', 'pos']",93.82,"[3.11, 3.11]",3.11,2,-3,,0,"{
  ""Trading Recommendation"": ""Strong Buy"",
  ""Rationale"": ""The overall news sentiment is significantly positive, indicating a bullish outlook for the market. With the market signal aligning with the positive news sentiment, we recommend a strong buy position. Investors are advised to capitalize on the positive sentiment and consider taking a long position in the market.""
}"
11/26/2020,"['Oil rally stalls on signs of more supply, demand doubts', 'Oil rally stalls on signs of more supply, demand doubts']","['oil rally stalls on signs of more supply, demand doubts', 'oil rally stalls on signs of more supply, demand doubts']","['Tribune', 'Business Recorder']","['LONDON:Oil slipped from seven-month highs on Thursday as signs of growing supplies helped to halt a rally driven by optimism that Covid-19 vaccines will revive fuel demand.Brent futures had risen to nearly $50 a barrel this week after three major pharmaceutical companies announced progress on vaccines that could start to be rolled out before the end of the year.But Brent was down $0.81, or 1.7%, at $47.80 a barrel by 1256 GMT on Thursday, having dropped as much as $1. The contract had gained about 1.6% in the previous session.West Texas Intermediate (WTI) crude fell $0.75, or 1.6%, to $44.96 after gaining 1.8% on Wednesday.“Despite a number of strong fundamentals rallying the markets, especially vaccine development supporting oil, bearish concerns remain,â€ÂÂ\x9d said Avtar Sandu, senior commodities manager at Phillip Futures.Lockdowns as the Covid-19 pandemic worsens, rising number of rigs employed in the United States and increased production from Libya are risk factors for bulls, he said.US President-elect Joe Biden has urged people to forgo big family gatherings, wear protective masks and maintain social distancing for the Thanksgiving holiday. But Americans are defying pleas from officials to stay at home.The United States has recorded 2.3 million new infections in the past two weeks.While fuel demand has fallen with the second round of lockdowns, non-compliance has translated in a smaller-than-expected fall in European demand, according to Rystad Energy.“The restrictions currently imposed in Europe – had they been adhered to widely – should have resulted in a 20% to 30% drop in activity. Instead, as our real-time measurements show, we observe a drop of only around 12%,â€ÂÂ\x9d Rystad said in a note.Investors are also awaiting next week’s Organisation of the Petroleum Exporting Countries’ (OPEC) meeting. OPEC and allies including Russia are leaning towards delaying next year’s planned increase in oil output to help the market weather the second wave of Covid-19 and rising Libyan output, three sources close to OPEC+ said.“Tomorrow (Friday) traders will start positioning themselves for next week’s OPEC+ meeting. The consensus among analysts is a three-month extension in the current ceiling, anything less than that will trigger a sharp sell-off,â€ÂÂ\x9d said Tamas Varga, analyst at PVM Oil Associates.', 'LONDON: Oil slipped from seven-month highs on Thursday as signs of growing supplies helped to halt a rally driven by optimism that vaccines will revive fuel demand. Brent futures had risen to nearly $50 a barrel this week after three major pharmaceutical companies announced progress on vaccines that could start to be rolled out before the year-end.But Brent was down 75 cents at $47.86 a barrel by 0918 GMT, after earlier falling by $1. The contract rose around 1.6pc in the previous session. West Texas Intermediate crude fell 72 cents to $44.99 a barrel, after gaining 1.8pc on Wednesday.     ""Despite a number of strong fundamentals rallying the markets, especially vaccine development supporting oil, bearish concerns remains,"" said Avtar Sandu, senior commodities manager at Phillip Futures. Lockdowns as the pandemic worsens, the rising number of rigs employed in the United States, along with increased production from Libya, were risk factors for bulls, he said.U.S. oil stockpiles fell 754,000 barrels last week, data showed. Analysts in a Reuters poll had predicted a 127,000-barrel rise. Stockpiles at the Cushing, Oklahoma, delivery point for WTI, fell by 1.7 million barrels.But gasoline demand for the week fell by 128,000 barrels per day (bpd) to 8.13 million bpd, the lowest since June.U.S. President-elect Joe Biden has urged people to forgo big family gatherings, wear protective masks and maintain social distancing for the Thanksgiving holiday. But Americans are defying pleas from officials to stay at home. The United States has recorded 2.3 million new infections in the last two weeks.Investors are also awaiting next week\'s OPEC meeting - the outcome of which will likely provide support or at least maintain the current balance.  The Organization of the Petroleum Exporting Countries and allies, including Russia, are leaning towards delaying next year\'s planned increase in oil output to help the market weather the second wave of COVID-19 and rising Libyan output, three sources close to OPEC+ said.']","['LONDON oil slipped from seven-month highs on thursday as signs of growing supplies helped to halt a rally driven by optimism that Covid-19 vaccines will revive fuel demand.brent futures had risen to nearly $50 a barrel this week after three major pharmaceutical companies announced progress on vaccines that could start to be rolled out before the end of the year.but brent was down $0.81, or 1.7%, at $47.80 a barrel by 1256 GMT on thursday, having dropped as much as $1. the contract had gained about 1.6% in the previous session.west texas intermediate (WTI) crude fell $0.75, or 1.6%, to $44.96 after gaining 1.8% on Wednesday.Despite a number of strong fundamentals rallying the markets, especially vaccine development supporting oil, bearish concerns remain, said avtar sandu, senior commodities manager at phillip Futures.Lockdowns as the Covid-19 pandemic worsens, rising number of rigs employed in the united states and increased production from libya are risk factors for bulls, he said.US President-elect joe biden has urged people to forgo big family gatherings, wear protective masks and maintain social distancing for the thanksgiving holiday. but americans are defying pleas from officials to stay at home.the united states has recorded 2.3 million new infections in the past two weeks.while fuel demand has fallen with the second round of lockdowns, non-compliance has translated in a smaller-than-expected fall in european demand, according to rystad Energy.The restrictions currently imposed in europe had they been adhered to widely should have resulted in a 20% to 30% drop in activity. instead, as our real-time measurements show, we observe a drop of only around 12%, rystad said in a note.investors are also awaiting next weeks organisation of the petroleum exporting countries (OPEC) meeting. OPEC and allies including russia are leaning towards delaying next years planned increase in oil output to help the market weather the second wave of Covid-19 and rising libyan output, three sources close to OPEC+ said.tomorrow (Friday) traders will start positioning themselves for next weeks OPEC+ meeting. the consensus among analysts is a three-month extension in the current ceiling, anything less than that will trigger a sharp sell-off, said tamas varga, analyst at PVM oil associates.', 'LONDON oil slipped from seven-month highs on thursday as signs of growing supplies helped to halt a rally driven by optimism that vaccines will revive fuel demand. brent futures had risen to nearly $50 a barrel this week after three major pharmaceutical companies announced progress on vaccines that could start to be rolled out before the year-end.But brent was down 75 cents at $47.86 a barrel by 0918 GMT, after earlier falling by $1. the contract rose around 1.6pc in the previous session. west texas intermediate crude fell 72 cents to $44.99 a barrel, after gaining 1.8pc on wednesday. ""despite a number of strong fundamentals rallying the markets, especially vaccine development supporting oil, bearish concerns remains,"" said avtar sandu, senior commodities manager at phillip futures. lockdowns as the pandemic worsens, the rising number of rigs employed in the united states, along with increased production from libya, were risk factors for bulls, he said.U.S. oil stockpiles fell 754,000 barrels last week, data showed. analysts in a reuters poll had predicted a 127,000-barrel rise. stockpiles at the cushing, oklahoma, delivery point for WTI, fell by 1.7 million barrels.but gasoline demand for the week fell by 128,000 barrels per day (bpd) to 8.13 million bpd, the lowest since June.U.S. President-elect joe biden has urged people to forgo big family gatherings, wear protective masks and maintain social distancing for the thanksgiving holiday. but americans are defying pleas from officials to stay at home. the united states has recorded 2.3 million new infections in the last two weeks.investors are also awaiting next week OPEC meeting - the outcome of which will likely provide support or at least maintain the current balance. the organization of the petroleum exporting countries and allies, including russia, are leaning towards delaying next year planned increase in oil output to help the market weather the second wave of COVID-19 and rising libyan output, three sources close to OPEC+ said.']","['https://tribune.com.pk/story/2273673/oil-rally-stalls-on-signs-of-more-supply-demand-doubts', 'https://www.brecorder.com/news/40035464/oil-rally-stalls-on-signs-of-more-supply-demand-doubts']","['brent, , ']","['brent was down', 'brent was down']","['neg', 'neg']",101.23,"[-1.43, -1.43]",-1.43,0,0,,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""In light of the neutral market signal and the slightly negative news sentiment, we recommend holding the position for now. While the news impact is slightly negative, the lack of strong technical signals suggests caution. It's prudent to closely monitor the market for any developments that could provide clearer signals.""
}"
11/30/2020,"['Oil prices slip in cautious trade ahead of OPEC+ meet', 'Oil prices slip in cautious trade ahead of OPEC+ meet', 'Oil falls as OPEC+ members debate 2021 output policy', 'Rouble at one-week low vs dollar ahead of OPEC+ meeting']","['oil prices slip in cautious trade ahead of OPEC+ meet', 'oil prices slip in cautious trade ahead of OPEC+ meet', 'oil falls as OPEC+ members debate 2021 output policy', 'rouble at one-week low vs dollar ahead of OPEC+ meeting']","['Business Recorder', 'Business Recorder', 'Tribune', 'Business Recorder']","['SINGAPORE: Crude oil prices fell on Monday, amid investor jitters ahead of a meeting of producer group OPEC+ to decide whether to extend large output cuts to balance global markets, but vaccine hopes helped keep them on track to rise more than a fifth in November.January Brent crude futures, which will expire later on Monday, dropped 46 cents, or 1%, to $47.72 a barrel by 0355 GMT. The more actively traded February Brent contract was at $47.83 a barrel, down 42 cents.U.S. West Texas Intermediate crude futures for January fell 48 cents, or 1.1%, to $45.05 a barrel.However, both benchmarks are still set for a rise of more than 20% in November, the strongest monthly gains since May, boosted by hopes for three promising coronavirus vaccines to limit spread of the disease and thus support fuel demand.Analysts and traders also expect the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia - the OPEC+ grouping - to delay next year’s planned increase in oil output as a second COVID-19 wave has hit global fuel demand.OPEC+ previously agreed to raise output by 2 million barrels per day (bpd) in January - or about 2% of global consumption - after record supply cuts this year.The group held an initial round of talks on Sunday, but has yet to reach consensus on oil output policy for 2021 ahead of key meetings on Monday and Tuesday, four OPEC+ sources told Reuters. Monday’s meeting begins at 1300 GMT.“While we base-case a 3-month delay to prevent a return to a global oil surplus through 1Q21, not all producers appear onboard,â€Â\x9d Goldman Sachs analysts said.A lack of extension, representing a downside of $5 a barrel from current spot levels in the analysts’ modelling, would further contribute to short-term price gyrations, they added.The winter wave of infections is expected to crimp global oil demand by 3 million bpd, they said, which would only partially be offset by heating and restocking demand in Asia.ANZ estimated that the oil market surplus could run as high as 1.5 million to 3 million bpd in first half of 2021 if OPEC+ did not extend cuts.Rising Middle East tension over the weekend, over events ranging from the assassination of Iran’s top nuclear scientist to Islamic State’s rocket attack on an oil refinery in northern Iraq propped up oil prices.In the United States, the number of operating oil and natural gas rigs has risen for the fourth month in a row as producers return to the wellpad with crude prices mostly trading over $40 a barrel since mid-June.China, the world’s second-largest economy and top oil importer, expanded factory activity at its fastest in more than three years in November, keeping on track to be the first major economy to fully recover from the coronavirus crisis.', 'SINGAPORE: Crude oil prices fell on Monday, amid investor jitters ahead of a meeting of producer group OPEC+ to decide whether to extend large output cuts to balance global markets, but vaccine hopes helped keep them on track to rise more than a fifth in November.January Brent crude futures, which will expire later on Monday, dropped 46 cents, or 1%, to $47.72 a barrel by 0355 GMT. The more actively traded February Brent contract was at $47.83 a barrel, down 42 cents.U.S. West Texas Intermediate crude futures for January fell 48 cents, or 1.1%, to $45.05 a barrel.However, both benchmarks are still set for a rise of more than 20% in November, the strongest monthly gains since May, boosted by hopes for three promising coronavirus vaccines to limit spread of the disease and thus support fuel demand.Analysts and traders also expect the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia - the OPEC+ grouping - to delay next year’s planned increase in oil output as a second COVID-19 wave has hit global fuel demand.OPEC+ previously agreed to raise output by 2 million barrels per day (bpd) in January - or about 2% of global consumption - after record supply cuts this year.The group held an initial round of talks on Sunday, but has yet to reach consensus on oil output policy for 2021 ahead of key meetings on Monday and Tuesday, four OPEC+ sources told Reuters. Monday’s meeting begins at 1300 GMT.“While we base-case a 3-month delay to prevent a return to a global oil surplus through 1Q21, not all producers appear onboard,â€Â\x9d Goldman Sachs analysts said.A lack of extension, representing a downside of $5 a barrel from current spot levels in the analysts’ modelling, would further contribute to short-term price gyrations, they added.The winter wave of infections is expected to crimp global oil demand by 3 million bpd, they said, which would only partially be offset by heating and restocking demand in Asia.ANZ estimated that the oil market surplus could run as high as 1.5 million to 3 million bpd in first half of 2021 if OPEC+ did not extend cuts.Rising Middle East tension over the weekend, over events ranging from the assassination of Iran’s top nuclear scientist to Islamic State’s rocket attack on an oil refinery in northern Iraq propped up oil prices.In the United States, the number of operating oil and natural gas rigs has risen for the fourth month in a row as producers return to the wellpad with crude prices mostly trading over $40 a barrel since mid-June.China, the world’s second-largest economy and top oil importer, expanded factory activity at its fastest in more than three years in November, keeping on track to be the first major economy to fully recover from the coronavirus crisis.', 'LONDON:Oil prices tumbled on Monday on uncertainty about whether OPEC+ would agree to extend large output cuts at talks this week, but vaccine hopes still kept benchmark crude prices on track to rise more than a fifth in November.Brent crude for January delivery, a contract that expires on Monday, dropped $0.8, or 1.7%, to $47.38 a barrel by 1110 GMT. The more actively traded February Brent contract was down $0.79 at $47.46.US West Texas Intermediate crude for January fell $0.7, or 1.5%, to $44.83 a barrel.“Last week’s optimism is taking a hit this (Monday) morning and longs are edging towards exit ahead of OPEC+ talks,â€ÂÂ\x9d said oil broker PVM’s Tamas Varga, after OPEC+ failed to agree on policy in informal talks ahead of Monday and Tuesday’s formal meetings.“Some member countries will be hard to convince about further output discipline and in case of an unexpected fallout not only price repercussions will hurt producers, but the general existence of the OPEC alliance will be questioned.â€ÂÂ\x9dMembers of the Organisation of the Petroleum Exporting Countries, Russia and others, a group known as OPEC+, will consider extending existing cuts for three to four months or increasing output gradually from January, OPEC+ sources said.OPEC+ had been due to ease its existing production cuts by 2 million barrels per day (bpd) from January.Hussein Sayed, analyst at FXTM, said fuel demand had recovered in Asia but not in Europe and the Americas, presenting OPEC+ with a “challenging choice on whether to delay or bring back more oil to the market.â€ÂÂ\x9dGoldman Sachs said the surge in Covid-19 cases in the winter would not prevent the oil market rebalancing as a result of vaccine progress, saying it saw Brent rising to $65 in 2021.A Reuters’ poll of 40 economists and analysts forecast Brent would average $49.35 a barrel next year.Brent and WTI are still set to rise more than 20% in November, the strongest monthly gains since May, boosted by hopes that three promising vaccines could support economic recovery and lift fuel demand.Supporting the demand outlook, China expanded factory activity at its fastest pace in more than three years in November.', ""MOSCOW: The Russian rouble fell to a one-week low against the dollar and two-week lows versus the euro on Monday, under pressure from a decline in other emerging market currencies and lower oil prices, as investors awaited an OPEC+ meeting.At 0732 GMT, the rouble was 0.4pc weaker against the dollar at 76.17 after briefly touching 76.3975, its weakest level since Nov. 23.The rouble is likely to stay in the range of 75-77.5 in the next few days, said Bogdan Zvarich, chief analyst at Promsvyazbank.Versus the euro, the rouble fell 0.5pc to 91.15 , a level last seen on Nov. 16.OPEC and allies including Russia are set to hold key meetings on Monday and Tuesday.Major oil producers are leaning towards delaying next year's planned increase in oil output to support the market during the second wave of COVID-19, sources said.Crude oil prices fell on Monday ahead of the meeting but vaccine hopes helped keep them on track for a rise of more than a fifth in November. Brent crude oil, a global benchmark for Russia's main export, was down 2pc at $47.20 a barrel, sending Russian stock indexes lower.The dollar-denominated RTS index was down 0.5pc at 1,295.4 points. The rouble-based MOEX Russian index was 0.3pc lower at 3,131.7 points.Shares in Sberbank, Russia's largest lender, were down 0.7pc ahead of the bank's presentation of its future strategy. Sberbank expects its non-banking business to reach 5pc of its revenues in 2023 and as much as half in a decade, as it focuses on e-commerce and other online ventures, sources told Reuters.""]","['SINGAPORE crude oil prices fell on monday, amid investor jitters ahead of a meeting of producer group OPEC+ to decide whether to extend large output cuts to balance global markets, but vaccine hopes helped keep them on track to rise more than a fifth in November.January brent crude futures, which will expire later on monday, dropped 46 cents, or 1%, to $47.72 a barrel by 0355 GMT. the more actively traded february brent contract was at $47.83 a barrel, down 42 cents.U.S. west texas intermediate crude futures for january fell 48 cents, or 1.1%, to $45.05 a barrel.however, both benchmarks are still set for a rise of more than 20% in november, the strongest monthly gains since may, boosted by hopes for three promising coronavirus vaccines to limit spread of the disease and thus support fuel demand.analysts and traders also expect the organization of the petroleum exporting countries (OPEC) and allies including russia - the OPEC+ grouping - to delay next years planned increase in oil output as a second COVID-19 wave has hit global fuel demand.OPEC+ previously agreed to raise output by 2 million barrels per day (bpd) in january - or about 2% of global consumption - after record supply cuts this year.the group held an initial round of talks on sunday, but has yet to reach consensus on oil output policy for 2021 ahead of key meetings on monday and tuesday, four OPEC+ sources told reuters. mondays meeting begins at 1300 GMT.While we base-case a 3-month delay to prevent a return to a global oil surplus through 1Q21, not all producers appear onboard, goldman sachs analysts said.a lack of extension, representing a downside of $5 a barrel from current spot levels in the analysts modelling, would further contribute to short-term price gyrations, they added.the winter wave of infections is expected to crimp global oil demand by 3 million bpd, they said, which would only partially be offset by heating and restocking demand in Asia.ANZ estimated that the oil market surplus could run as high as 1.5 million to 3 million bpd in first half of 2021 if OPEC+ did not extend cuts.rising middle east tension over the weekend, over events ranging from the assassination of irans top nuclear scientist to islamic states rocket attack on an oil refinery in northern iraq propped up oil prices.in the united states, the number of operating oil and natural gas rigs has risen for the fourth month in a row as producers return to the wellpad with crude prices mostly trading over $40 a barrel since mid-June.China, the worlds second-largest economy and top oil importer, expanded factory activity at its fastest in more than three years in november, keeping on track to be the first major economy to fully recover from the coronavirus crisis.', 'SINGAPORE crude oil prices fell on monday, amid investor jitters ahead of a meeting of producer group OPEC+ to decide whether to extend large output cuts to balance global markets, but vaccine hopes helped keep them on track to rise more than a fifth in November.January brent crude futures, which will expire later on monday, dropped 46 cents, or 1%, to $47.72 a barrel by 0355 GMT. the more actively traded february brent contract was at $47.83 a barrel, down 42 cents.U.S. west texas intermediate crude futures for january fell 48 cents, or 1.1%, to $45.05 a barrel.however, both benchmarks are still set for a rise of more than 20% in november, the strongest monthly gains since may, boosted by hopes for three promising coronavirus vaccines to limit spread of the disease and thus support fuel demand.analysts and traders also expect the organization of the petroleum exporting countries (OPEC) and allies including russia - the OPEC+ grouping - to delay next years planned increase in oil output as a second COVID-19 wave has hit global fuel demand.OPEC+ previously agreed to raise output by 2 million barrels per day (bpd) in january - or about 2% of global consumption - after record supply cuts this year.the group held an initial round of talks on sunday, but has yet to reach consensus on oil output policy for 2021 ahead of key meetings on monday and tuesday, four OPEC+ sources told reuters. mondays meeting begins at 1300 GMT.While we base-case a 3-month delay to prevent a return to a global oil surplus through 1Q21, not all producers appear onboard, goldman sachs analysts said.a lack of extension, representing a downside of $5 a barrel from current spot levels in the analysts modelling, would further contribute to short-term price gyrations, they added.the winter wave of infections is expected to crimp global oil demand by 3 million bpd, they said, which would only partially be offset by heating and restocking demand in Asia.ANZ estimated that the oil market surplus could run as high as 1.5 million to 3 million bpd in first half of 2021 if OPEC+ did not extend cuts.rising middle east tension over the weekend, over events ranging from the assassination of irans top nuclear scientist to islamic states rocket attack on an oil refinery in northern iraq propped up oil prices.in the united states, the number of operating oil and natural gas rigs has risen for the fourth month in a row as producers return to the wellpad with crude prices mostly trading over $40 a barrel since mid-June.China, the worlds second-largest economy and top oil importer, expanded factory activity at its fastest in more than three years in november, keeping on track to be the first major economy to fully recover from the coronavirus crisis.', 'LONDON oil prices tumbled on monday on uncertainty about whether OPEC+ would agree to extend large output cuts at talks this week, but vaccine hopes still kept benchmark crude prices on track to rise more than a fifth in November.Brent crude for january delivery, a contract that expires on monday, dropped $0.8, or 1.7%, to $47.38 a barrel by 1110 GMT. the more actively traded february brent contract was down $0.79 at $47.46.US west texas intermediate crude for january fell $0.7, or 1.5%, to $44.83 a barrel.last weeks optimism is taking a hit this (Monday) morning and longs are edging towards exit ahead of OPEC+ talks, said oil broker PVMs tamas varga, after OPEC+ failed to agree on policy in informal talks ahead of monday and tuesdays formal meetings.some member countries will be hard to convince about further output discipline and in case of an unexpected fallout not only price repercussions will hurt producers, but the general existence of the OPEC alliance will be questioned.members of the organisation of the petroleum exporting countries, russia and others, a group known as OPEC+, will consider extending existing cuts for three to four months or increasing output gradually from january, OPEC+ sources said.OPEC+ had been due to ease its existing production cuts by 2 million barrels per day (bpd) from January.Hussein sayed, analyst at FXTM, said fuel demand had recovered in asia but not in europe and the americas, presenting OPEC+ with a challenging choice on whether to delay or bring back more oil to the market.goldman sachs said the surge in Covid-19 cases in the winter would not prevent the oil market rebalancing as a result of vaccine progress, saying it saw brent rising to $65 in 2021.A reuters poll of 40 economists and analysts forecast brent would average $49.35 a barrel next year.brent and WTI are still set to rise more than 20% in november, the strongest monthly gains since may, boosted by hopes that three promising vaccines could support economic recovery and lift fuel demand.supporting the demand outlook, china expanded factory activity at its fastest pace in more than three years in november.', 'MOSCOW the russian rouble fell to a one-week low against the dollar and two-week lows versus the euro on monday, under pressure from a decline in other emerging market currencies and lower oil prices, as investors awaited an OPEC+ meeting.at 0732 GMT, the rouble was 0.4pc weaker against the dollar at 76.17 after briefly touching 76.3975, its weakest level since nov. 23.the rouble is likely to stay in the range of 75-77.5 in the next few days, said bogdan zvarich, chief analyst at Promsvyazbank.Versus the euro, the rouble fell 0.5pc to 91.15 , a level last seen on nov. 16.OPEC and allies including russia are set to hold key meetings on monday and Tuesday.Major oil producers are leaning towards delaying next year planned increase in oil output to support the market during the second wave of COVID-19, sources said.crude oil prices fell on monday ahead of the meeting but vaccine hopes helped keep them on track for a rise of more than a fifth in november. brent crude oil, a global benchmark for russia main export, was down 2pc at $47.20 a barrel, sending russian stock indexes lower.the dollar-denominated RTS index was down 0.5pc at 1,295.4 points. the rouble-based MOEX russian index was 0.3pc lower at 3,131.7 points.shares in sberbank, russia largest lender, were down 0.7pc ahead of the bank presentation of its future strategy. sberbank expects its non-banking business to reach 5pc of its revenues in 2023 and as much as half in a decade, as it focuses on e-commerce and other online ventures, sources told reuters.']","['https://www.brecorder.com/news/40036269/oil-prices-slip-in-cautious-trade-ahead-of-opec-meet', 'https://www.brecorder.com/news/40036269/oil-prices-slip-in-cautious-trade-ahead-of-opec-meet', 'https://tribune.com.pk/story/2274127/oil-falls-as-opec-members-debate-2021-output-policy', 'https://www.brecorder.com/news/40036327/rouble-at-one-week-low-vs-dollar-ahead-of-opec-meeting']","['brent, , ']","['oil prices slip', 'oil prices fell', 'oil prices tumbled', 'oil prices fell']","['neg', 'neg', 'neg', 'neg']",99.39,"[-1.78, -5.33, -1.63, -5.33]",-3.52,0,3,,0,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""Although the overall news sentiment is negative, the positive signal from the EMA9_Signal indicates a buy. Given the neutral market signal, we recommend buying. However, investors should remain vigilant and adapt to changing market conditions.""
}"
12/1/2020,['Oil falls as OPEC+ talks delays raise supply concerns'],['oil falls as OPEC+ talks delays raise supply concerns'],['Business Recorder'],"['TOKYO: Oil prices slipped on Tuesday amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the coronavirus pandemic continues to sap fuel demand.Opening trading for December Brent crude was down 20 cents, or 0.4% at $47.68 a barrel by 0136 GMT, after dropping more than 1% on Monday. West Texas Intermediate was down by 27 cents, or 0.6% at $45.07 a barrel, having dropped 0.4% in the previous session.Still, both contracts surged around 27% in November, the biggest monthly gains since March after COVID-19 vaccine developments raised hopes of an economic recovery that could boost fuel demand.OPEC+ delayed talks output policy for next year until Thursday, three sources told Reuters, as key players were still in disagreement on how much oil they should pump amid weak demand.The grouping, including the Organization of the Petroleum Exporting Countries (OPEC), Russia and other allies, had been scheduled to hold its meeting on Tuesday after discussions of key ministers on Sunday failed to reach a consensus.“I suspect that, ultimately, OPEC+ will extend the production cut programme by three months,â€Â\x9d said Bob Yawger, director of energy futures at Mizuho Securities. But any accord would require some producers to agree to larger cuts moving forward, with those barrels being allocated to the United Arab Emirates (UEA) “for the balance of the agreementâ€Â\x9d, he added.Sources said the UAE had complicated the picture by signalling it would be willing to support a rollover of supply cuts only if group members’ compliance with cut commitments improved.The group is due to ease current production cuts by 2 million barrels per day (bpd) from January, but with demand still under pressure from the pandemic, OPEC+ was considering extending current cuts into the first months of next year, a position backed by de facto OPEC leader Saudi Arabia, sources said.A Reuters poll of 40 economists and analysts forecast Brent would average $49.35 a barrel next year, estimating that prices would have some trouble sustaining a rally.']","['TOKYO oil prices slipped on tuesday amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the coronavirus pandemic continues to sap fuel demand.opening trading for december brent crude was down 20 cents, or 0.4% at $47.68 a barrel by 0136 GMT, after dropping more than 1% on monday. west texas intermediate was down by 27 cents, or 0.6% at $45.07 a barrel, having dropped 0.4% in the previous session.still, both contracts surged around 27% in november, the biggest monthly gains since march after COVID-19 vaccine developments raised hopes of an economic recovery that could boost fuel demand.OPEC+ delayed talks output policy for next year until thursday, three sources told reuters, as key players were still in disagreement on how much oil they should pump amid weak demand.the grouping, including the organization of the petroleum exporting countries (OPEC), russia and other allies, had been scheduled to hold its meeting on tuesday after discussions of key ministers on sunday failed to reach a consensus.i suspect that, ultimately, OPEC+ will extend the production cut programme by three months, said bob yawger, director of energy futures at mizuho securities. but any accord would require some producers to agree to larger cuts moving forward, with those barrels being allocated to the united arab emirates (UEA) for the balance of the agreement, he added.sources said the UAE had complicated the picture by signalling it would be willing to support a rollover of supply cuts only if group members compliance with cut commitments improved.the group is due to ease current production cuts by 2 million barrels per day (bpd) from january, but with demand still under pressure from the pandemic, OPEC+ was considering extending current cuts into the first months of next year, a position backed by de facto OPEC leader saudi arabia, sources said.a reuters poll of 40 economists and analysts forecast brent would average $49.35 a barrel next year, estimating that prices would have some trouble sustaining a rally.']",['https://www.brecorder.com/news/40036589/oil-falls-as-opec-talks-delays-raise-supply-concerns'],"['brent, , ']",['oil prices slip'],['neg'],100.19,[-1.78],-1.78,0,3,,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""In the absence of strong signals from both news sentiment and technical indicators, we recommend holding the position. The market signal is neutral, and the slightly negative news sentiment does not warrant a strong sell signal. It's advisable to wait for clearer signals before making any trading decisions.""
}"
12/2/2020,['Oil prices slip as market awaits output deal'],['oil prices slip as market awaits output deal'],['Tribune'],"['LONDON:Oil prices slipped on Wednesday as the market awaited an output pact from producers, although Britain’s approval of a Covid-19 vaccine gave hopes for demand recovery a boost.Prices were hit by a surprise build in oil inventories in the United States and as the Organisation of the Petroleum Exporting Countries (OPEC) and its allies created uncertainty with a two-day delay to a formal meeting to decide whether to increase production in January.Brent crude oil futures were down $0.13, or 0.3%, at $47.29 a barrel by 1203 GMT, while West Texas Intermediate crude was down $0.21, or 0.5%, at $44.34.Industry data from the American Petroleum Institute showed US crude inventories rose by 4.1 million barrels last week, compared with analysts’ expectations in a Reuters’ poll for a draw of 2.4 million barrels. “Traders would not take huge gambles as they are waiting for the final verdict of Thursday’s OPEC+ meeting,â€ÂÂ\x9d said Rystad Energy head of oil markets Bjornar Tonhaugen. “When stakes are so high, it is dangerous to move prices much ahead.â€ÂÂ\x9dOPEC, Russia and other allies, a group known as OPEC+, postponed talks on next year’s oil output policy to Thursday from Tuesday, according to sources.The group this year imposed production cuts of 7.7 million barrels per day (bpd) as the coronavirus pandemic hit fuel demand. It had been widely expected to roll those reductions over into January-March 2021 amid spike in Covid-19 cases.But the United Arab Emirates (UAE) said this week that even though it could support a rollover, it would struggle to continue with the same deep output reductions into 2021.Britain on Wednesday became the first western country to approve a Covid-19 vaccine, jumping ahead of the United States and the European Union in what may be a first step towards a return to normal life and boost oil consumption.']","['LONDON oil prices slipped on wednesday as the market awaited an output pact from producers, although britains approval of a Covid-19 vaccine gave hopes for demand recovery a boost.prices were hit by a surprise build in oil inventories in the united states and as the organisation of the petroleum exporting countries (OPEC) and its allies created uncertainty with a two-day delay to a formal meeting to decide whether to increase production in January.Brent crude oil futures were down $0.13, or 0.3%, at $47.29 a barrel by 1203 GMT, while west texas intermediate crude was down $0.21, or 0.5%, at $44.34.industry data from the american petroleum institute showed US crude inventories rose by 4.1 million barrels last week, compared with analysts expectations in a reuters poll for a draw of 2.4 million barrels. traders would not take huge gambles as they are waiting for the final verdict of thursdays OPEC+ meeting, said rystad energy head of oil markets bjornar tonhaugen. when stakes are so high, it is dangerous to move prices much ahead.OPEC, russia and other allies, a group known as OPEC+, postponed talks on next years oil output policy to thursday from tuesday, according to sources.the group this year imposed production cuts of 7.7 million barrels per day (bpd) as the coronavirus pandemic hit fuel demand. it had been widely expected to roll those reductions over into January-March 2021 amid spike in Covid-19 cases.but the united arab emirates (UAE) said this week that even though it could support a rollover, it would struggle to continue with the same deep output reductions into 2021.britain on wednesday became the first western country to approve a Covid-19 vaccine, jumping ahead of the united states and the european union in what may be a first step towards a return to normal life and boost oil consumption.']",['https://tribune.com.pk/story/2274367/oil-prices-slip-as-market-awaits-output-deal'],"['brent, , ']",['oil prices slip'],['neg'],100.37,[-1.78],-1.78,0,3,,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""In the absence of strong signals from both news sentiment and technical indicators, we recommend holding the position. The market signal is neutral, and technical indicators do not provide a clear direction. It's advisable to wait for clearer signals before making any trading decisions.""
}"
12/3/2020,"['Oil falls as OPEC+ resumes talks after impasse', 'Asian shares mixed, U.S. dollar near two-and-half year lows', 'Oil drops as OPEC+ resume talks on output cut extension after impasse', 'European shares lower after vaccine shots dull COVID economic pain', 'Saudi shares fall on weak oil; set for weekly loss', 'Saudi index ends lower, others gain']","['oil falls as OPEC+ resumes talks after impasse', 'asian shares mixed, U.S. dollar near two-and-half year lows', 'oil drops as OPEC+ resume talks on output cut extension after impasse', 'european shares lower after vaccine shots dull COVID economic pain', 'saudi shares fall on weak oil set for weekly loss', 'saudi index ends lower, others gain']","['Tribune', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['LONDON:Oil prices fell on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place during the first wave of the Covid-19 pandemic.Brent crude was down $0.26, or 0.5%, at $47.99 a barrel by 1151 GMT and US oil fell $0.29, or 0.6%, to $44.99 a barrel.“The market is cautious. Oil prices lost some gains this week as negotiations within the OPEC+ group did not prove to be as smooth as expected,â€ÂÂ\x9d said Rystad Energy head of oil markets Bjornar Tonhaugen.“Prices are logically marginally falling but the trend could quickly reverse should some white smoke come from the OPEC+ meeting,â€ÂÂ\x9d he added.The Organisation of the Petroleum Exporting Countries (OPEC) and its allies including Russia, known as OPEC+, are resuming discussions on Thursday to agree on policies for 2021 after earlier talks produced no compromise on how to tackle weak oil demand amid a new coronavirus wave.Two OPEC+ sources told Reuters on Thursday the group was leaning towards an oil cuts rollover with a gradual increase in output over the coming months.OPEC+ had been widely expected to roll over oil cuts of 7.7 million barrels per day, or 8% of global supplies, at least until March 2021.But after hopes for a speedy approval of Covid-19 vaccines spurred a rally in oil prices at the end of November, some producers questioned the need to tighten oil policy, which is supported by OPEC leader Saudi Arabia.“It is still expected that the group will come to a deal,â€ÂÂ\x9d ING Economics said in a note.Britain approved Pfizer Inc’s Covid-19 vaccine on Wednesday, jumping ahead in a global race to start the most crucial mass inoculation programme in history.In the United States, crude stockpiles fell last week, while gasoline and distillate inventories rose sharply as refiners slowed production amid weakening demand, the Energy Information Administration said on Wednesday.Oil stocks fell by 679,000 barrels in the week to November 27, less than the 2.4-million-barrel decline forecast in a Reuters’ poll of analysts.Gasoline stocks increased by 3.5 million barrels while distillate inventories were up by 3.2 million barrels.Adding to international supplies, Venezuela’s crude exports almost doubled last month, according to data from state-run PDVSA and Refinitiv Eikon.', 'Asian shares were mixed on Thursday after a choppy day of Wall Street trade, thanks in part to a disappointing U.S. jobs report, while the greenback languished near 2-1/2 year lows on growing optimism of a coronavirus vaccine.Britain became the first Western country to approve a COVID-19 vaccine, with 800,000 doses of the Pfizer and BioNTech vaccine available for those at high risk starting next week.The U.S. Food and Drug Administration is holding its advisory committee meeting next week, while New York Governor Andrew Cuomo has said the state’s first delivery, enough for 170,000 residents, is expected on Dec. 15.Hopes that the pandemic, which has so far killed nearly 1.5 million globally, will finally be brought to its knees sparked a risk-on rally in currency markets with Australian and New Zealand dollars advancing against their U.S. counterpart.The dollar index slipped to 2 1/2-year low of 90.987 on Wednesday and last stood at 91.048. “Currency investors are taking on more risk following the latest vaccine breakthroughs, options show,â€Â\x9d Morgan Stanley said in a note.Hopes of a fiscal support package in the United States also boosted investor optimism.But share traders were less enthused.MSCI’s broadest index of Asia-Pacific shares outside of Japan were barely changed following two straight days of gains.Japan’s Nikkei was 0.2% weaker while South Korea’s KOSPI was flat and Australia’s benchmark index was slightly higher. Chinese shares opened a tad lower, with the blue-chip CSI300 index off 0.03%.“Markets are quite likely to muddle through from here,â€Â\x9d said Michael Frazis, portfolio manager at Frazis Capital Partners in Sydney.“The vaccine is increasingly priced in. A couple of months ago, no one knew how deep coronavirus would be, or what the outcome of the election was. Now both sources of uncertainty have been removed.â€Â\x9dWorries that the U.S. economy may be decelerating weighed on shares after U.S. private payrolls showed fewer jobs than expected were added in November as growing new COVID-19 infections led to additional business restrictions.Overnight, Wall Street swung between red and green territories but eventually ended a tad firmer. The Dow Jones and the S&P 500 gained 0.2% each while the tech-heavy Nasdaq was barely moved.In currencies, the risk-sensitive Aussie hit a more than two-year high of $0.7420 overnight and was last at $0.7399. Its kiwi cousin was last at $0.7062, hovering near the highest since May 2018.The euro fetched $1.2113, having reached its loftiest level since late April 2018 in the previous day’s trade.In commodities, oil prices slipped on Thursday after rising overnight on COVID-19 vaccine hopes and expectations producing countries would keep limits on their output.Brent crude was down 13 cents at $48.11 a barrel while U.S. light crude eased 15 cents to $45.13.Gold was slightly weaker at $1,827 an ounce.', 'TOKYO: Oil prices fell on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic.Brent crude was down 15 cents, or 0.3%, at $48.10 a barrel by 0155 GMT, after gaining 1.8% on Wednesday. U.S. oil was down 17 cents, or 0.4%, at $45.11 a barrel, having ended 1.6% higher the previous session.The Organization of the Petroleum Exporting Countries (OPEC) and Russia are resuming discussions on Thursday to agree on policies for 2021 after earlier talks produced no compromise on how to tackle weak oil demand amid a new coronavirus wave.OPEC and allies, in the group known as OPEC+, had been widely expected to roll over oil cuts of 7.7 million barrels per day, or 8 percent of global supplies, at least until March 2021.But after hopes for a speedy approval of anti-virus vaccines spurred a rally in oil prices at the end of November, some producers questioned the need to tighten oil policy, which is supported by OPEC leader Saudi Arabia.“Any sign that the group is struggling to reach an agreement could weigh on prices,â€Â\x9d ANZ Research said in a note.Britain approved Pfizer Inc’s COVID-19 vaccine on Wednesday, jumping ahead in a global race to start the most crucial mass inoculation programme in history.In the United States, crude stockpiles fell last week, while gasoline and distillate inventories rose sharply as refiners slowed production amid weakening demand, the Energy Information Administration said on Wednesday. Oil stocks fell by 679,000 barrels in the week to Nov. 27, by less than the 2.4 million-barrel decline forecast in a Reuters poll of analysts.Gasoline stocks increased by 3.5 million barrels, while distillate inventories were up by 3.2 million barrels.Adding to international supplies, Venezuela’s crude exports almost doubled last month, according to data from the state-run PDVSA and Refinitiv Eikon.', 'LONDON: European shares opened lower on Thursday after gains spurred by advances in vaccines to fight COVID-19, but data across Europe underscored the economic damage still being caused by the pandemic.Markets were keeping an eye on talks between Britain and the European Union on a trade deal, with less than a month to go before the UK\'s full departure from the EU.Global stocks reached record highs, sending the dollar lower as investor appetite for riskier assets was whetted by news that Britain would start rolling out a COVID-19 vaccine next week, lifting prospects for economic recovery.The dollar index slipped to a two-and-a-half-year low of 90.948 on Thursday and was last at 90.968. The MSCI\'s gauge of stocks across the globe hit another record high.""The UK stole a march on the rest of Europe and we had a little bit of a feel-good factor yesterday. I am a lot more optimistic about equity markets than I was a month ago,"" said Michael Hewson, chief market analyst at CMC Markets.The STOXX index of European companies was flat, dragged down by a 0.2% drop in Frankfurt and Paris blue chips. The FTSE 100 hit June highs.Investors hope that a fresh round of weak economic data in Europe and the United States will finally persuade policymakers to agree the stimulus packages that have so far eluded them.There is still no deal yet in the U.S. Congress on a $908 billion boost to the world\'s biggest economy, and the EU has yet to nail down an economic package agreed in principle as the euro zone economy struggles.The IHS Markit Purchasing Managers\' Index (PMI) for November in Spain shrank to 39.5 - below the 50 level separating growth from contraction. Italy\'s services contracted for a fourth month running, with the IHS Markit Business Activity Index for services dropping to 39.4.CMC\'s Hewson said such figures were ""abysmal"" and likely to remain below 45 until January.A Reuters polls forecast the euro zone economy would shrink again this quarter as renewed lockdown measures stifled activity, with the economy taking two years to regain pre-crisis levels.Euro zone government bonds held ground on Thursday with Germany\'s 10-year bund yield down about 1 basis point to -0.53%.BREXIT END GAMEBritain\'s education minister, Gavin Williamson, said good progress was being made in talks with the European Union on a trade deal as the Brexit deadline approaches. Irish Foreign Minister Simon Coveney said he believed there was a good chance of a deal within days.Sterling clung on to $1.34 thanks to broad dollar weakness, but derivative markets were flashing red on doubts that Britain can strike a Brexit trade deal with the EU before the UK\'s exit from the single market on Dec. 31.Asian shares were mixed on Thursday after a choppy day of Wall Street trade, thanks in part to a disappointing U.S. jobs report.The U.S. Food and Drug Administration is holding its advisory committee meeting next week, while New York Governor Andrew Cuomo has said the state\'s first vaccine delivery, enough for 170,000 residents, is expected on Dec. 15. Hopes that the pandemic will finally be brought under control sparked a risk-on rally in currency markets with the Australian and New Zealand dollars advancing.  ""Currency investors are taking on more risk following the latest vaccine breakthroughs, options show,"" Morgan Stanley said in a note. E-Mini futures for S&P500 were flat.In Asia, Japan\'s Nikkei was unchanged while South Korea\'s KOSPI and Australia\'s benchmark index were about 0.4% higher each. Chinese shares opened lower, with the blue-chip CSI300 index off 0.2%. New Zealand shares were weaker, too.Overnight, Wall Street eventually ended higher. The Dow Jones and the S&P 500 gained 0.2%. The tech-heavy Nasdaq was little changed moved.In commodities, oil prices slipped on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic.Brent crude was down 9 cents at $48.16 a barrel while U.S. light crude eased 14 cents to $45.14.Gold was up at $1,832.6 an ounce.', ""Saudi shares eased in early trade on Thursday and were set for a weekly loss, tracking weaker oil prices, while other Gulf markets rode on euphoria around encouraging coronavirus vaccine developments.Oil prices fell as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic.The Organization of the Petroleum Exporting Countries (OPEC) and Russia will resume discussions on Thursday over 2021 policies after earlier talks produced no compromise on how to tackle weak oil demand.The Saudi benchmark fell 0.2pc, extending losses for a third consecutive session, and was set to record its first weekly loss in five.Lender Al-Rajhi Bank and Saudi Basic Industries Corp lost 0.4pc and 0.6pc, respectively.Index heavyweight Saudi Aramco fell about 0.3pc, while Saudi Arabia's biggest lender National Commercial Bank lost 0.6pc.The Dubai and Abu Dhabi markets are shut for three days for holidays until the end of this trading week and will reopen on Sunday.Meanwhile, other regional markets extended gains after Britain on Wednesday became the first Western country to approve a COVID-19 vaccine, with plans to start immunization next week.In Qatar, the benchmark rose 0.7pc, with Qatar National Bank and Industries Qatar adding 1pc each. Qatar's benchmark is on track to post a weekly gain of 1.7pc.The Kuwait benchmark added 0.4pc in morning trade but was on course for a weekly loss of nearly 2pc. Qurain Petrochemical Industries Co and property stock Mabanee Co were among the top gainers in the morning session, gaining 1.6pc each."", ""• Egypt's Juhayna Foods down on chairman arrestDUBAI: Saudi shares retreated for a second straight session on Wednesday, tracking weaker oil prices, while some markets cheered Britain's approval of Pfizer's Covid-19 vaccine, which raised hopes of a faster-than-expected global economic recovery. Britain became the West's first country to formally endorse a jab it said should reach the most vulnerable people early next week.However, oil prices slipped as the market awaited a pact from producers on output. Crude prices were hit by a surprise build in oil inventories in the United States and as OPEC and its allies created uncertainty with a two-day delay to a formal meeting to decide whether to increase production in January. The Saudi benchmark, which clocked its best monthly gain in four years in November, retreated 0.3%.Food processing company Anaam International Holdings Group Co was the biggest percentage loser on the Saudi blue-chip index, falling 9.9%, while lender Riyad Bank was down more than 1%. The Dubai and Abu Dhabi markets are shut for three days for holidays until the end of this trading week and will reopen on Sunday.In Qatar, the benchmark closed the session almost flat. Qatar Gas Transport Nakilat Co and food processing firm Baladna were among the top gainers, up 1.6% and 4.8% respectively. Among decliners, Qatar National Bank shed 1.6%, the top loser on the index.The Kuwait benchmark strengthened more than 1%, with logistics company Agility Public Warehousing Co leading gains by adding 2.8%. Finance stock Ahli United rose more than 2%. Bahrain's benchmark rose 0.8%, boosted by a 6.5% gain in Aluminium Bahrain. Outside the Gulf, Egypt's main index eased about 0.2%.The country's largest dairy products and juices producer Juhayna Food Industries finished nearly 7% lower after its chairman Safwan Thabet was arrested on Monday pending an investigation. The reasons behind the arrest were unknown to the company, it said.""]","['LONDON oil prices fell on thursday as producers including saudi arabia and russia locked horns over the need to extend record production cuts set in place during the first wave of the Covid-19 pandemic.brent crude was down $0.26, or 0.5%, at $47.99 a barrel by 1151 GMT and US oil fell $0.29, or 0.6%, to $44.99 a barrel.the market is cautious. oil prices lost some gains this week as negotiations within the OPEC+ group did not prove to be as smooth as expected, said rystad energy head of oil markets bjornar Tonhaugen.Prices are logically marginally falling but the trend could quickly reverse should some white smoke come from the OPEC+ meeting, he added.the organisation of the petroleum exporting countries (OPEC) and its allies including russia, known as OPEC+, are resuming discussions on thursday to agree on policies for 2021 after earlier talks produced no compromise on how to tackle weak oil demand amid a new coronavirus wave.two OPEC+ sources told reuters on thursday the group was leaning towards an oil cuts rollover with a gradual increase in output over the coming months.OPEC+ had been widely expected to roll over oil cuts of 7.7 million barrels per day, or 8% of global supplies, at least until march 2021.but after hopes for a speedy approval of Covid-19 vaccines spurred a rally in oil prices at the end of november, some producers questioned the need to tighten oil policy, which is supported by OPEC leader saudi Arabia.It is still expected that the group will come to a deal, ING economics said in a note.britain approved pfizer incs Covid-19 vaccine on wednesday, jumping ahead in a global race to start the most crucial mass inoculation programme in history.in the united states, crude stockpiles fell last week, while gasoline and distillate inventories rose sharply as refiners slowed production amid weakening demand, the energy information administration said on Wednesday.Oil stocks fell by 679,000 barrels in the week to november 27, less than the 2.4-million-barrel decline forecast in a reuters poll of analysts.gasoline stocks increased by 3.5 million barrels while distillate inventories were up by 3.2 million barrels.adding to international supplies, venezuelas crude exports almost doubled last month, according to data from state-run PDVSA and refinitiv eikon.', 'asian shares were mixed on thursday after a choppy day of wall street trade, thanks in part to a disappointing U.S. jobs report, while the greenback languished near 2-1/2 year lows on growing optimism of a coronavirus vaccine.britain became the first western country to approve a COVID-19 vaccine, with 800,000 doses of the pfizer and BioNTech vaccine available for those at high risk starting next week.the U.S. food and drug administration is holding its advisory committee meeting next week, while new york governor andrew cuomo has said the states first delivery, enough for 170,000 residents, is expected on dec. 15.hopes that the pandemic, which has so far killed nearly 1.5 million globally, will finally be brought to its knees sparked a risk-on rally in currency markets with australian and new zealand dollars advancing against their U.S. counterpart.the dollar index slipped to 2 1/2-year low of 90.987 on wednesday and last stood at 91.048. currency investors are taking on more risk following the latest vaccine breakthroughs, options show, morgan stanley said in a note.hopes of a fiscal support package in the united states also boosted investor optimism.but share traders were less enthused.MSCIs broadest index of Asia-Pacific shares outside of japan were barely changed following two straight days of gains.japans nikkei was 0.2% weaker while south koreas KOSPI was flat and australias benchmark index was slightly higher. chinese shares opened a tad lower, with the blue-chip CSI300 index off 0.03%.markets are quite likely to muddle through from here, said michael frazis, portfolio manager at frazis capital partners in Sydney.The vaccine is increasingly priced in. A couple of months ago, no one knew how deep coronavirus would be, or what the outcome of the election was. now both sources of uncertainty have been removed.worries that the U.S. economy may be decelerating weighed on shares after U.S. private payrolls showed fewer jobs than expected were added in november as growing new COVID-19 infections led to additional business restrictions.overnight, wall street swung between red and green territories but eventually ended a tad firmer. the dow jones and the S&P 500 gained 0.2% each while the tech-heavy nasdaq was barely moved.in currencies, the risk-sensitive aussie hit a more than two-year high of $0.7420 overnight and was last at $0.7399. its kiwi cousin was last at $0.7062, hovering near the highest since may 2018.the euro fetched $1.2113, having reached its loftiest level since late april 2018 in the previous days trade.in commodities, oil prices slipped on thursday after rising overnight on COVID-19 vaccine hopes and expectations producing countries would keep limits on their output.brent crude was down 13 cents at $48.11 a barrel while U.S. light crude eased 15 cents to $45.13.gold was slightly weaker at $1,827 an ounce.', 'TOKYO oil prices fell on thursday as producers including saudi arabia and russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic.brent crude was down 15 cents, or 0.3%, at $48.10 a barrel by 0155 GMT, after gaining 1.8% on wednesday. U.S. oil was down 17 cents, or 0.4%, at $45.11 a barrel, having ended 1.6% higher the previous session.the organization of the petroleum exporting countries (OPEC) and russia are resuming discussions on thursday to agree on policies for 2021 after earlier talks produced no compromise on how to tackle weak oil demand amid a new coronavirus wave.OPEC and allies, in the group known as OPEC+, had been widely expected to roll over oil cuts of 7.7 million barrels per day, or 8 percent of global supplies, at least until march 2021.but after hopes for a speedy approval of anti-virus vaccines spurred a rally in oil prices at the end of november, some producers questioned the need to tighten oil policy, which is supported by OPEC leader saudi Arabia.Any sign that the group is struggling to reach an agreement could weigh on prices, ANZ research said in a note.britain approved pfizer incs COVID-19 vaccine on wednesday, jumping ahead in a global race to start the most crucial mass inoculation programme in history.in the united states, crude stockpiles fell last week, while gasoline and distillate inventories rose sharply as refiners slowed production amid weakening demand, the energy information administration said on wednesday. oil stocks fell by 679,000 barrels in the week to nov. 27, by less than the 2.4 million-barrel decline forecast in a reuters poll of analysts.gasoline stocks increased by 3.5 million barrels, while distillate inventories were up by 3.2 million barrels.adding to international supplies, venezuelas crude exports almost doubled last month, according to data from the state-run PDVSA and refinitiv eikon.', 'LONDON european shares opened lower on thursday after gains spurred by advances in vaccines to fight COVID-19, but data across europe underscored the economic damage still being caused by the pandemic.markets were keeping an eye on talks between britain and the european union on a trade deal, with less than a month to go before the UK full departure from the EU.Global stocks reached record highs, sending the dollar lower as investor appetite for riskier assets was whetted by news that britain would start rolling out a COVID-19 vaccine next week, lifting prospects for economic recovery.the dollar index slipped to a two-and-a-half-year low of 90.948 on thursday and was last at 90.968. the MSCI gauge of stocks across the globe hit another record high.""the UK stole a march on the rest of europe and we had a little bit of a feel-good factor yesterday. I am a lot more optimistic about equity markets than I was a month ago,"" said michael hewson, chief market analyst at CMC Markets.The STOXX index of european companies was flat, dragged down by a 0.2% drop in frankfurt and paris blue chips. the FTSE 100 hit june highs.investors hope that a fresh round of weak economic data in europe and the united states will finally persuade policymakers to agree the stimulus packages that have so far eluded them.there is still no deal yet in the U.S. congress on a $908 billion boost to the world biggest economy, and the EU has yet to nail down an economic package agreed in principle as the euro zone economy struggles.the IHS markit purchasing managers\' index (PMI) for november in spain shrank to 39.5 - below the 50 level separating growth from contraction. italy services contracted for a fourth month running, with the IHS markit business activity index for services dropping to 39.4.CMC hewson said such figures were ""abysmal"" and likely to remain below 45 until January.A reuters polls forecast the euro zone economy would shrink again this quarter as renewed lockdown measures stifled activity, with the economy taking two years to regain pre-crisis levels.euro zone government bonds held ground on thursday with germany 10-year bund yield down about 1 basis point to -0.53%.BREXIT END GAMEBritain education minister, gavin williamson, said good progress was being made in talks with the european union on a trade deal as the brexit deadline approaches. irish foreign minister simon coveney said he believed there was a good chance of a deal within days.sterling clung on to $1.34 thanks to broad dollar weakness, but derivative markets were flashing red on doubts that britain can strike a brexit trade deal with the EU before the UK exit from the single market on dec. 31.asian shares were mixed on thursday after a choppy day of wall street trade, thanks in part to a disappointing U.S. jobs report.the U.S. food and drug administration is holding its advisory committee meeting next week, while new york governor andrew cuomo has said the state first vaccine delivery, enough for 170,000 residents, is expected on dec. 15. hopes that the pandemic will finally be brought under control sparked a risk-on rally in currency markets with the australian and new zealand dollars advancing. ""currency investors are taking on more risk following the latest vaccine breakthroughs, options show,"" morgan stanley said in a note. E-Mini futures for S&P500 were flat.in asia, japan nikkei was unchanged while south korea KOSPI and australia benchmark index were about 0.4% higher each. chinese shares opened lower, with the blue-chip CSI300 index off 0.2%. new zealand shares were weaker, too.overnight, wall street eventually ended higher. the dow jones and the S&P 500 gained 0.2%. the tech-heavy nasdaq was little changed moved.in commodities, oil prices slipped on thursday as producers including saudi arabia and russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic.brent crude was down 9 cents at $48.16 a barrel while U.S. light crude eased 14 cents to $45.14.gold was up at $1,832.6 an ounce.', 'saudi shares eased in early trade on thursday and were set for a weekly loss, tracking weaker oil prices, while other gulf markets rode on euphoria around encouraging coronavirus vaccine developments.oil prices fell as producers including saudi arabia and russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic.the organization of the petroleum exporting countries (OPEC) and russia will resume discussions on thursday over 2021 policies after earlier talks produced no compromise on how to tackle weak oil demand.the saudi benchmark fell 0.2pc, extending losses for a third consecutive session, and was set to record its first weekly loss in five.lender Al-Rajhi bank and saudi basic industries corp lost 0.4pc and 0.6pc, respectively.index heavyweight saudi aramco fell about 0.3pc, while saudi arabia biggest lender national commercial bank lost 0.6pc.the dubai and abu dhabi markets are shut for three days for holidays until the end of this trading week and will reopen on Sunday.Meanwhile, other regional markets extended gains after britain on wednesday became the first western country to approve a COVID-19 vaccine, with plans to start immunization next week.in qatar, the benchmark rose 0.7pc, with qatar national bank and industries qatar adding 1pc each. qatar benchmark is on track to post a weekly gain of 1.7pc.the kuwait benchmark added 0.4pc in morning trade but was on course for a weekly loss of nearly 2pc. qurain petrochemical industries co and property stock mabanee co were among the top gainers in the morning session, gaining 1.6pc each.', 'egypt juhayna foods down on chairman arrestDUBAI saudi shares retreated for a second straight session on wednesday, tracking weaker oil prices, while some markets cheered britain approval of pfizer Covid-19 vaccine, which raised hopes of a faster-than-expected global economic recovery. britain became the west first country to formally endorse a jab it said should reach the most vulnerable people early next week.however, oil prices slipped as the market awaited a pact from producers on output. crude prices were hit by a surprise build in oil inventories in the united states and as OPEC and its allies created uncertainty with a two-day delay to a formal meeting to decide whether to increase production in january. the saudi benchmark, which clocked its best monthly gain in four years in november, retreated 0.3%.food processing company anaam international holdings group co was the biggest percentage loser on the saudi blue-chip index, falling 9.9%, while lender riyad bank was down more than 1%. the dubai and abu dhabi markets are shut for three days for holidays until the end of this trading week and will reopen on Sunday.In qatar, the benchmark closed the session almost flat. qatar gas transport nakilat co and food processing firm baladna were among the top gainers, up 1.6% and 4.8% respectively. among decliners, qatar national bank shed 1.6%, the top loser on the index.the kuwait benchmark strengthened more than 1%, with logistics company agility public warehousing co leading gains by adding 2.8%. finance stock ahli united rose more than 2%. bahrain benchmark rose 0.8%, boosted by a 6.5% gain in aluminium bahrain. outside the gulf, egypt main index eased about 0.2%.the country largest dairy products and juices producer juhayna food industries finished nearly 7% lower after its chairman safwan thabet was arrested on monday pending an investigation. the reasons behind the arrest were unknown to the company, it said.']","['https://tribune.com.pk/story/2274492/oil-falls-as-opec-resumes-talks-after-impasse', 'https://www.brecorder.com/news/40037136/asian-shares-mixed-us-dollar-near-two-and-half-year-lows', 'https://www.brecorder.com/news/40037139/oil-drops-as-opec-resume-talks-on-output-cut-extension-after-impasse', 'https://www.brecorder.com/news/40037173/european-shares-lower-after-vaccine-shots-dull-covid-economic-pain', 'https://www.brecorder.com/news/40037188/saudi-shares-fall-on-weak-oil-set-for-weekly-loss', 'https://www.brecorder.com/news/40037058/saudi-index-ends-lower-others-gain']","['brent, , ', 'oil, gulf, ']","['oil prices fell', 'oil prices slip', 'oil prices fell', 'oil prices slip', 'oil prices fell', 'oil prices slip']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg']",100.1,"[-5.33, -1.78, -5.33, -1.78, -5.33, -1.78]",-3.56,0,3,,0,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""Although the overall news sentiment is negative, the market signal indicates a buy, suggesting a potential opportunity in the market. Investors are advised to conduct further analysis and consider risk management strategies before making any trading decisions.""
}"
12/4/2020,"['Saudi shares down; other Gulf markets up', 'Oil moves towards $50 after OPEC+ supply compromise', 'Oil moves up towards $50/bbl after OPEC+ supply compromise']","['saudi shares down other gulf markets up', 'oil moves towards $50 after OPEC+ supply compromise', 'oil moves up towards $50/bbl after OPEC+ supply compromise']","['Business Recorder', 'Tribune', 'Business Recorder']","[""• Dubai, Abu Dhabi shut for 3rd straight dayDUBAI: Saudi shares ended the week lower on Thursday, tracking weaker oil prices, to post their first weekly loss in five, while other Gulf markets rose on optimism about the latest coronavirus vaccine developments.Oil prices fell as producers, including Saudi Arabia and Russia, locked horns over the need to extend record production cuts set in place in the first wave of the Covid-19 pandemic.The Organization of the Petroleum Exporting Countries and its allies, including Russia, are meeting on Thursday over 2021 policies after earlier talks produced no compromise on how to tackle weak oil demand.The Saudi benchmark fell 0.2%, extending losses for a third consecutive session after a stellar November, its best month in four years. For the week, the blue-chip index retreated 0.2%.Al-Rajhi Bank and Riyad Bank lost about 1% and 1.3%, respectively, while healthcare firm Dr. Sulaiman Al-Habib Medical Services Group Co shed about 1.6%.The Dubai and Abu Dhabi markets were shut for three straight days for holidays this week and will reopen on Sunday. Meanwhile, other regional markets extended gains after Britain on Wednesday became the first Western country to approve a Covid-19 vaccine, with plans to start immunisation next week.In Qatar, the benchmark closed 0.7% higher, with Qatar National Bank and Qatar Islamic Bank adding 1.7% and 0.8%, respectively. The benchmark posted a weekly gain of 1.7%.The Kuwait benchmark finished the last session of the week with a 1.9% gain but registered a weekly loss of 0.5%.Educational service firm Human Soft Holding Co was the top performer, gaining nearly 5%. Outside the Gulf, Egypt's blue-chip index closed about 0.1% lower.Commercial International Bank shed 0.4%, while Oriental Weaves Carpet Co was the top gainer in the index, adding more than 5%.Egypt's non-oil private sector activity growth slowed in November and consumer confidence dropped to its lowest in nearly a decade on worries about a resurgence in the coronavirus pandemic, a survey showed."", 'LONDON:Brent crude oil futures rose to just under $50 a barrel on Friday as major producers agreed on a compromise to increase output slightly from January but continue the bulk of existing supply curbs to cope with coronavirus-hit demand.Brent was up $0.53 at $49.24 a barrel by 1034 GMT after hitting its highest since early March at $49.92. West Texas Intermediate rose $0.47 to $46.11 a barrel. Both benchmarks are set for a fifth straight week of gains.Organisation of the Petroleum Exporting Countries (OPEC) and Russia on Thursday agreed to ease deep oil output cuts from January by 500,000 barrels per day (bpd) with further as yet undefined increases on a monthly basis, failing to reach a compromise on a broader policy for the rest of 2021.OPEC+ had been expected to continue existing cuts until at least March, after backing down from plans to raise output by 2 million bpd.The increase means OPEC and Russia, a group known as OPEC+, are set to reduce production by 7.2 million bpd, or 7% of global demand from January, compared with current cuts of 7.7 million bpd.The deal will ensure declining crude inventories through the first quarter, said SEB analyst Bjarne Schieldrop. “Oil demand is likely to rebound strongly in 2021 along with the rollout of vaccines. There are good reasons to be bullish for oil,â€ÂÂ\x9d he said.But there was a risk that the new arrangement could lead to lax adherence to quotas given the gradual increases baked into it, said RBC’s Helima Croft.Also supporting prices, a bipartisan $908 billion coronavirus aid plan gained momentum in the US Congress on Thursday.The premium of Brent crude futures for nearby delivery to future months is at its highest since February, a structure called backwardation, which usually points to supplies tightening up and suggests receding fears of a current glut.', 'LONDON: Brent crude oil futures rose to just under $50 a barrel on Friday as major producers agreed on a compromise to increase output slightly from January but continue the bulk of existing supply curbs to cope with coronavirus-hit demand.Brent was up 53 cents at $49.24 a barrel by 1034 GMT after hitting its highest since early March at $49.92. West Texas Intermediate rose 47 cents to $46.11 a barrel. Both benchmarks are set for a fifth straight week of gains.OPEC and Russia on Thursday agreed to ease deep oil output cuts from January by 500,000 barrels per day with further as yet undefined increases on a monthly basis, failing to reach a compromise on a broader policy for the rest of 2021.OPEC+ had been expected to continue existing cuts until at least March, after backing down from plans to raise output by 2 million bpd.The increase means the Organization of the Petroleum Exporting Countries (OPEC) and Russia, a group known as OPEC+, are set to reduce production by 7.2 million bpd, or 7pc of global demand from January, compared with current cuts of 7.7 million bpd. The deal will ensure declining crude inventories through the first quarter, said SEB analyst Bjarne Schieldrop.""Oil demand is likely to rebound strongly in 2021 along with the roll-out of vaccines. There are good reasons to be bullish for oil,"" he said.But there was a risk that the new arrangement could lead to lax adherence to quotas given the gradual increases baked into it, said RBC\'s Helima Croft.Also supporting prices, a bipartisan $908 billion coronavirus aid plan gained momentum in the U.S. Congress on Thursday.The premium of Brent crude futures for nearby delivery to future months is at its highest since February, a structure called backwardation, which usually points to supplies tightening up and suggests receding fears of a current glut.']","['dubai, abu dhabi shut for 3rd straight dayDUBAI saudi shares ended the week lower on thursday, tracking weaker oil prices, to post their first weekly loss in five, while other gulf markets rose on optimism about the latest coronavirus vaccine developments.oil prices fell as producers, including saudi arabia and russia, locked horns over the need to extend record production cuts set in place in the first wave of the Covid-19 pandemic.the organization of the petroleum exporting countries and its allies, including russia, are meeting on thursday over 2021 policies after earlier talks produced no compromise on how to tackle weak oil demand.the saudi benchmark fell 0.2%, extending losses for a third consecutive session after a stellar november, its best month in four years. for the week, the blue-chip index retreated 0.2%.Al-Rajhi bank and riyad bank lost about 1% and 1.3%, respectively, while healthcare firm dr. sulaiman Al-Habib medical services group co shed about 1.6%.the dubai and abu dhabi markets were shut for three straight days for holidays this week and will reopen on sunday. meanwhile, other regional markets extended gains after britain on wednesday became the first western country to approve a Covid-19 vaccine, with plans to start immunisation next week.in qatar, the benchmark closed 0.7% higher, with qatar national bank and qatar islamic bank adding 1.7% and 0.8%, respectively. the benchmark posted a weekly gain of 1.7%.the kuwait benchmark finished the last session of the week with a 1.9% gain but registered a weekly loss of 0.5%.educational service firm human soft holding co was the top performer, gaining nearly 5%. outside the gulf, egypt blue-chip index closed about 0.1% lower.commercial international bank shed 0.4%, while oriental weaves carpet co was the top gainer in the index, adding more than 5%.egypt non-oil private sector activity growth slowed in november and consumer confidence dropped to its lowest in nearly a decade on worries about a resurgence in the coronavirus pandemic, a survey showed.', 'LONDON brent crude oil futures rose to just under $50 a barrel on friday as major producers agreed on a compromise to increase output slightly from january but continue the bulk of existing supply curbs to cope with coronavirus-hit demand.brent was up $0.53 at $49.24 a barrel by 1034 GMT after hitting its highest since early march at $49.92. west texas intermediate rose $0.47 to $46.11 a barrel. both benchmarks are set for a fifth straight week of gains.organisation of the petroleum exporting countries (OPEC) and russia on thursday agreed to ease deep oil output cuts from january by 500,000 barrels per day (bpd) with further as yet undefined increases on a monthly basis, failing to reach a compromise on a broader policy for the rest of 2021.OPEC+ had been expected to continue existing cuts until at least march, after backing down from plans to raise output by 2 million bpd.the increase means OPEC and russia, a group known as OPEC+, are set to reduce production by 7.2 million bpd, or 7% of global demand from january, compared with current cuts of 7.7 million bpd.the deal will ensure declining crude inventories through the first quarter, said SEB analyst bjarne schieldrop. oil demand is likely to rebound strongly in 2021 along with the rollout of vaccines. there are good reasons to be bullish for oil, he said.but there was a risk that the new arrangement could lead to lax adherence to quotas given the gradual increases baked into it, said RBCs helima Croft.Also supporting prices, a bipartisan $908 billion coronavirus aid plan gained momentum in the US congress on Thursday.The premium of brent crude futures for nearby delivery to future months is at its highest since february, a structure called backwardation, which usually points to supplies tightening up and suggests receding fears of a current glut.', 'LONDON brent crude oil futures rose to just under $50 a barrel on friday as major producers agreed on a compromise to increase output slightly from january but continue the bulk of existing supply curbs to cope with coronavirus-hit demand.brent was up 53 cents at $49.24 a barrel by 1034 GMT after hitting its highest since early march at $49.92. west texas intermediate rose 47 cents to $46.11 a barrel. both benchmarks are set for a fifth straight week of gains.OPEC and russia on thursday agreed to ease deep oil output cuts from january by 500,000 barrels per day with further as yet undefined increases on a monthly basis, failing to reach a compromise on a broader policy for the rest of 2021.OPEC+ had been expected to continue existing cuts until at least march, after backing down from plans to raise output by 2 million bpd.the increase means the organization of the petroleum exporting countries (OPEC) and russia, a group known as OPEC+, are set to reduce production by 7.2 million bpd, or 7pc of global demand from january, compared with current cuts of 7.7 million bpd. the deal will ensure declining crude inventories through the first quarter, said SEB analyst bjarne Schieldrop.""Oil demand is likely to rebound strongly in 2021 along with the roll-out of vaccines. there are good reasons to be bullish for oil,"" he said.but there was a risk that the new arrangement could lead to lax adherence to quotas given the gradual increases baked into it, said RBC helima Croft.Also supporting prices, a bipartisan $908 billion coronavirus aid plan gained momentum in the U.S. congress on Thursday.The premium of brent crude futures for nearby delivery to future months is at its highest since february, a structure called backwardation, which usually points to supplies tightening up and suggests receding fears of a current glut.']","['https://www.brecorder.com/news/40037377/saudi-shares-down-other-gulf-markets-up', 'https://tribune.com.pk/story/2274644/oil-moves-towards-50-after-opec-supply-compromise', 'https://www.brecorder.com/news/40037502/oil-moves-up-towards-50bbl-after-opec-supply-compromise']","['brent, , ', 'oil, gulf, ']","['oil prices fell', 'bullish for oil', 'bullish for oil']","['neg', 'pos', 'pos']",102.7,"[-5.33, 4.79, 4.79]",1.42,0,2,,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""In the absence of strong signals from both news sentiment and technical indicators, we recommend holding the position. The market signal is neutral, and the news sentiment is moderately positive, suggesting a cautious approach. Investors are advised to monitor the market closely for any significant changes.""
}"
12/7/2020,"['Oil prices fall as surging virus cases force more lockdowns', 'Asian shares ease from record high; oil falls on virus case surge', 'Asian shares ease from record high; oil falls on virus case surge', 'Asian shares ease from record high; oil falls on virus case surge', 'Oil slips from multi-month high as virus surge prompt lockdowns', 'Oil falls on surging virus cases, US-China tensions', 'Brexit and China tensions weigh on shares as pound gets hit', 'Brexit and China tensions weigh on shares as pound gets hit']","['oil prices fall as surging virus cases force more lockdowns', 'asian shares ease from record high oil falls on virus case surge', 'asian shares ease from record high oil falls on virus case surge', 'asian shares ease from record high oil falls on virus case surge', 'oil slips from multi-month high as virus surge prompt lockdowns', 'oil falls on surging virus cases, US-China tensions', 'brexit and china tensions weigh on shares as pound gets hit', 'brexit and china tensions weigh on shares as pound gets hit']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune', 'Business Recorder', 'Business Recorder']","['SINGAPORE: Oil prices fell on Monday as a continued surge in coronavirus globally forced a series of renewed lockdowns, including strict new measures in Southern California.Brent crude oil futures were down 16 cents, or 0.3%, at $49.09 a barrel by 0117 GMT, while West Texas Intermediate oil futures fell 19 cents, or 0.4%, to $46.07 a barrel. Both benchmarks gained for a fifth consecutive week last week.""Crude pared earlier vaccine roll-out gains after Los Angeles county had another record high in coronavirus cases and South Korea raised their alert level,"" said Edward Moya, senior market analyst at OANDA.""COVID restrictive measures and lockdowns across the globe seem poised to keep crude prices heavy in the short-term.""The restrictions in California call for bars, hair and nail salons and tattoo shops to close again.The southern German region of Bavaria announced on Sunday that it will impose a tougher lockdown from Wednesday until Jan. 5, while South Korean authorities said they will impose heightened social distancing rules for the capital Seoul and surrounding areas that will last until at least the end of the month.Also weighing on prices, US energy firms last week added oil and natural gas rigs for the 11th time in 12 weeks as producers return to the wellpad even as most are cutting spending this year and next.Iran, meanwhile, has instructed its oil ministry to prepare installations for production and sale of crude oil at full capacity within three months, state media said on Sunday.""Adding to the pressure on oil prices is the potential Iranian increase to production in three months. Iran is optimistic the US will ease restrictions if they return back to the 2015 nuclear deal,"" Moya added.', 'SYDNEY: Asian shares retreated from a record peak on Monday after a Reuters report the United States was preparing to impose sanctions on some Chinese officials highlighted geopolitical tensions, while oil prices fell on surging virus cases.In a signal markets elsewhere would start weaker, eurostoxx 50 futures were 0.4% down, futures for Germany\'s DAX eased 0.3% while those of London\'s FTSE were flat. E-Mini futures for the S&P 500 slipped 0.2%.MSCI\'s broadest index of Asia-Pacific shares outside Japan fell 0.1% following four straight sessions of gains. The index hit a record high of 644.3 points early on Monday.It is up about 16% so far this year, the best since a 33% jump in 2017.China\'s blue-chip index dropped 0.8%, largely ignoring strong export data, while Hong Kong\'s Hang Seng was down 1.7%.Japan\'s Nikkei declined 0.46% while Australian shares were up 0.6%.The sell-off began after Reuters exclusively reported, citing sources, that the United States was preparing sanctions on at least a dozen Chinese officials over their alleged role in Beijing\'s disqualification of elected opposition legislators in Hong Kong.The move comes as President Donald Trump\'s administration keeps up pressure on Beijing in his final weeks in office.""One thing that the market has been concerned about is that on his (way) out of office Trump would look for some retribution on China. So this news speaks to that fear,"" said Kyle Rodda, market strategist at IG Markets in Melbourne.""At the end of the day, the market knows he only has six weeks left. The broader focus is still on vaccine roll-outs and US fiscal stimulus.""Asian markets had initially started higher on hopes of a faster global recovery as coronavirus vaccines get rolled out, starting this week in Britain.US authorities will also this week discuss the programme before the expected first round of vaccinations this month.Hopes the vaccines will help curb the pandemic, which has so far killed more than 1.5 million people globally, sent shares soaring in recent weeks.On Wall Street, stock indexes reached fresh all-time highs on Friday with the Dow rising 0.8%, the S&P 500 gaining 0.9% and the Nasdaq adding 0.7%.""The vaccine will break the link between mobility and infection rate, allowing for the strongest global GDP growth in more than two decades,"" JPMorgan analysts wrote in a note, forecasting global growth of 4.7% in 2021.Still, expectations of a US stimulus aid package gathered pace after weak payrolls data last week, following months of deadlocked negotiations.The US economy added the fewest workers in six months in November, with nonfarm payrolls increasing by 245,000 jobs last month, much lower than expectations for a 469,000 increase.A bipartisan group of Democrats and Republicans proposed a compromise $0.9 trillion package that leaders on both sides appear open to agreeing to.In currencies, investor focus is on a last-ditch attempt by Britain and the European Union to strike a post-Brexit trade deal this week, with probably just days left for negotiators to avert a chaotic parting of ways at the end of the year.If there is no deal, a five-year Brexit divorce will end messily just as Britain and its former EU partners grapple with the severe economic cost of the COVID-19 pandemic.The pound was a shade weaker at $1.3419 while the single currency was up 0.1% at $1.2133, not too far from an April 2018 high of $1.2177.The risk sensitive Australian dollar was up 0.1% at $0.7433.In commodities, oil prices slipped from their highest levels since March as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California.US crude was off 24 cents at $46.02 per barrel and Brent was down 26 cents at $48.99. Brent has lost about a quarter of its value so far this year.Spot gold, which hit a record high of $2,072.49 an ounce, was last at $1,838.9, still up a hefty 21% this year.', 'SYDNEY: Asian shares retreated from a record peak on Monday after a Reuters report the United States was preparing to impose sanctions on some Chinese officials highlighted geopolitical tensions, while oil prices fell on surging virus cases.In a signal markets elsewhere would start weaker, eurostoxx 50 futures were 0.4% down, futures for Germany\'s DAX eased 0.3% while those of London\'s FTSE were flat. E-Mini futures for the S&P 500 slipped 0.2%.MSCI\'s broadest index of Asia-Pacific shares outside Japan fell 0.1% following four straight sessions of gains. The index hit a record high of 644.3 points early on Monday.It is up about 16% so far this year, the best since a 33% jump in 2017.China\'s blue-chip index dropped 0.8%, largely ignoring strong export data, while Hong Kong\'s Hang Seng was down 1.7%.Japan\'s Nikkei declined 0.46% while Australian shares were up 0.6%.The sell-off began after Reuters exclusively reported, citing sources, that the United States was preparing sanctions on at least a dozen Chinese officials over their alleged role in Beijing\'s disqualification of elected opposition legislators in Hong Kong.The move comes as President Donald Trump\'s administration keeps up pressure on Beijing in his final weeks in office.""One thing that the market has been concerned about is that on his (way) out of office Trump would look for some retribution on China. So this news speaks to that fear,"" said Kyle Rodda, market strategist at IG Markets in Melbourne.""At the end of the day, the market knows he only has six weeks left. The broader focus is still on vaccine roll-outs and US fiscal stimulus.""Asian markets had initially started higher on hopes of a faster global recovery as coronavirus vaccines get rolled out, starting this week in Britain.US authorities will also this week discuss the programme before the expected first round of vaccinations this month.Hopes the vaccines will help curb the pandemic, which has so far killed more than 1.5 million people globally, sent shares soaring in recent weeks.On Wall Street, stock indexes reached fresh all-time highs on Friday with the Dow rising 0.8%, the S&P 500 gaining 0.9% and the Nasdaq adding 0.7%.""The vaccine will break the link between mobility and infection rate, allowing for the strongest global GDP growth in more than two decades,"" JPMorgan analysts wrote in a note, forecasting global growth of 4.7% in 2021.Still, expectations of a US stimulus aid package gathered pace after weak payrolls data last week, following months of deadlocked negotiations.The US economy added the fewest workers in six months in November, with nonfarm payrolls increasing by 245,000 jobs last month, much lower than expectations for a 469,000 increase.A bipartisan group of Democrats and Republicans proposed a compromise $0.9 trillion package that leaders on both sides appear open to agreeing to.In currencies, investor focus is on a last-ditch attempt by Britain and the European Union to strike a post-Brexit trade deal this week, with probably just days left for negotiators to avert a chaotic parting of ways at the end of the year.If there is no deal, a five-year Brexit divorce will end messily just as Britain and its former EU partners grapple with the severe economic cost of the COVID-19 pandemic.The pound was a shade weaker at $1.3419 while the single currency was up 0.1% at $1.2133, not too far from an April 2018 high of $1.2177.The risk sensitive Australian dollar was up 0.1% at $0.7433.In commodities, oil prices slipped from their highest levels since March as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California.US crude was off 24 cents at $46.02 per barrel and Brent was down 26 cents at $48.99. Brent has lost about a quarter of its value so far this year.Spot gold, which hit a record high of $2,072.49 an ounce, was last at $1,838.9, still up a hefty 21% this year.', 'SYDNEY: Asian shares retreated from a record peak on Monday after a Reuters report the United States was preparing to impose sanctions on some Chinese officials highlighted geopolitical tensions, while oil prices fell on surging virus cases.In a signal markets elsewhere would start weaker, eurostoxx 50 futures were 0.4% down, futures for Germany\'s DAX eased 0.3% while those of London\'s FTSE were flat. E-Mini futures for the S&P 500 slipped 0.2%.MSCI\'s broadest index of Asia-Pacific shares outside Japan fell 0.1% following four straight sessions of gains. The index hit a record high of 644.3 points early on Monday.It is up about 16% so far this year, the best since a 33% jump in 2017.China\'s blue-chip index dropped 0.8%, largely ignoring strong export data, while Hong Kong\'s Hang Seng was down 1.7%.Japan\'s Nikkei declined 0.46% while Australian shares were up 0.6%.The sell-off began after Reuters exclusively reported, citing sources, that the United States was preparing sanctions on at least a dozen Chinese officials over their alleged role in Beijing\'s disqualification of elected opposition legislators in Hong Kong.The move comes as President Donald Trump\'s administration keeps up pressure on Beijing in his final weeks in office.""One thing that the market has been concerned about is that on his (way) out of office Trump would look for some retribution on China. So this news speaks to that fear,"" said Kyle Rodda, market strategist at IG Markets in Melbourne.""At the end of the day, the market knows he only has six weeks left. The broader focus is still on vaccine roll-outs and US fiscal stimulus.""Asian markets had initially started higher on hopes of a faster global recovery as coronavirus vaccines get rolled out, starting this week in Britain.US authorities will also this week discuss the programme before the expected first round of vaccinations this month.Hopes the vaccines will help curb the pandemic, which has so far killed more than 1.5 million people globally, sent shares soaring in recent weeks.On Wall Street, stock indexes reached fresh all-time highs on Friday with the Dow rising 0.8%, the S&P 500 gaining 0.9% and the Nasdaq adding 0.7%.""The vaccine will break the link between mobility and infection rate, allowing for the strongest global GDP growth in more than two decades,"" JPMorgan analysts wrote in a note, forecasting global growth of 4.7% in 2021.Still, expectations of a US stimulus aid package gathered pace after weak payrolls data last week, following months of deadlocked negotiations.The US economy added the fewest workers in six months in November, with nonfarm payrolls increasing by 245,000 jobs last month, much lower than expectations for a 469,000 increase.A bipartisan group of Democrats and Republicans proposed a compromise $0.9 trillion package that leaders on both sides appear open to agreeing to.In currencies, investor focus is on a last-ditch attempt by Britain and the European Union to strike a post-Brexit trade deal this week, with probably just days left for negotiators to avert a chaotic parting of ways at the end of the year.If there is no deal, a five-year Brexit divorce will end messily just as Britain and its former EU partners grapple with the severe economic cost of the COVID-19 pandemic.The pound was a shade weaker at $1.3419 while the single currency was up 0.1% at $1.2133, not too far from an April 2018 high of $1.2177.The risk sensitive Australian dollar was up 0.1% at $0.7433.In commodities, oil prices slipped from their highest levels since March as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California.US crude was off 24 cents at $46.02 per barrel and Brent was down 26 cents at $48.99. Brent has lost about a quarter of its value so far this year.Spot gold, which hit a record high of $2,072.49 an ounce, was last at $1,838.9, still up a hefty 21% this year.', 'SINGAPORE: Oil prices slipped on Monday from multi-month highs as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California in the United States, the world\'s top oil consumer.Brent crude oil futures were down 21 cents, or 0.4%, at $49.04 a barrel by 0747 GMT, while West Texas Intermediate oil futures fell 25 cents, or 0.5%, to $46.01 a barrel.  Both benchmarks gained for a fifth consecutive week last week.""Crude pared earlier vaccine roll-out gains after Los Angeles county had another record high in coronavirus cases and South Korea raised their alert level,"" said Edward Moya, senior market analyst at OANDA.""COVID restrictive measures and lockdowns across the globe seem poised to keep crude prices heavy in the short term.""The restrictions in California call for bars, hair and nail salons and tattoo shops to close again.The southern German region of Bavaria announced on Sunday it would impose a tougher lockdown from Wednesday until Jan. 5, while South Korean authorities heightened social distancing rules for the capital Seoul and surrounding areas that would last until at least the end of the month.Also weighing on prices, US energy firms last week added oil and natural gas rigs for the 11th time in 12 weeks as producers return to the wellpad even as most are cutting spending this year and next.Iran, meanwhile, has instructed its oil ministry to prepare installations for production and sale of crude oil at full capacity within three months, state media said on Sunday.""Adding to the pressure on oil prices is the potential Iranian increase to production in three months. Iran is optimistic the US will ease restrictions if they return back to the 2015 nuclear deal,"" Moya added.Still, rapid demand recovery in China and developments in COVID-19 vaccines capped price losses.China\'s exports in November rose at their fastest pace since February 2018, helped by strong global demand and as the recovery in manufacturing in the world\'s second-largest economy outpaced those of its major trading partners.', 'LONDON:Oil prices slipped on Monday as the positive impact from Covid-19 vaccines and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between the United States and China.Brent crude fell $0.59, or 1.2%, to $48.66 a barrel by 1449 GMT. US crude was down $0.58, or 1.3%, at $45.68.“Surging virus cases and a Reuters’ report signalling the United States is preparing new sanctions on Chinese officials ... outweighed the positive sentiment driven by vaccine news,â€ÂÂ\x9d said Hussein Sayed, chief market strategist at FXTM.Reuters reported that the United States was preparing to impose sanctions on at least a dozen Chinese officials over their alleged role in Beijing’s disqualification of elected opposition legislators in Hong Kong.Both oil contracts gained last week after OPEC+, comprising the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, agreed to increase output slightly from January but continue the bulk of existing supply curbs.“With the OPEC deal in the bag, now traders looked back at fundamentals, demand and supply, and they were forced to come back to earth as things are not looking good in the short term,â€ÂÂ\x9d said Bjornar Tonhaugen, head of oil markets at Rystad Energy.A surge in coronavirus cases globally has forced a series of renewed lockdowns, including strict new measures in the US state of California and in Germany and South Korea.US gasoline consumption fell during the Thanksgiving holiday week to the lowest in more than 20 years, OPIS said, as lockdown weighed on fuel consumption.Meanwhile, Iran has instructed its oil ministry to prepare installations for the production and sale of crude oil at full capacity within three months, state media said on Sunday.“Adding to the pressure on oil prices is the potential Iranian increase to production in three months. Iran is optimistic the US will ease restrictions if they return back to the 2015 nuclear deal,â€ÂÂ\x9d said Edward Moya, senior market analyst at Oanda.', 'MILAN/SYDNEY: World shares and other risk assets fell on Monday as growing risks of a no-deal Brexit that hit the pound hard and fresh Sino-U.S. tensions offset bets over more fiscal and central bank stimulus in Europe and the United States.After surging to a fresh all-time high earlier on Monday, the MSCI world equity index, which tracks shares in 49 countries, turned lower to fall 0.3pc by 0919 GMT. European shares fell 0.6pc in early trade following losses in Asia on a Reuters report that Washington was preparing sanctions on Chinese officials over their alleged role in Beijing\'s disqualification of elected opposition legislators in Hong Kong.E-Mini futures for the S&P 500 slipped 0.5pc. The main source of angst in Europe was Brexit trade talks which hung in the balance as London and Brussels tried to bridge significant differences in a last-ditch attempt to avoid a disorderly exit by year end.Other potentially market moving events were also eyed, starting with a EU summit from Thursday to break an impasse over a 1.8 trillion-euro Coronavirus aid package, as well as the last ECB policy meeting of the year on the same day.    ""To say that this week will be a crunch week with lots of high risk events with potentially binary outcomes is an understatement,"" said AFS Group analyst Arne Petimezas.""While the week might be packed with high risk events, markets are so high on central bank liquidity and central bank puts that no one seems to really care,"" he added.World shares had initially risen on Monday on hopes of a faster global recovery as coronavirus vaccines get rolled out, starting this week in Britain. Hopes the vaccines will help curb the pandemic, which has so far killed more than 1.5 million people globally, sent shares soaring in recent weeks. On top of that, expectations of a U.S. stimulus aid package gathered pace after weak payrolls data on Friday, following months of deadlocked negotiations.A bipartisan group of Democrats and Republicans proposed a compromise 900 million package that leaders on both sides appear open to agreeing to.In currencies, the pound was under heavy pressure and risk currencies fell as the lack of progress in Brexit talks dented hopes that UK and EU negotiators will be able to strike a trade deal before a transition period ends later this month.     Sterling fell 1.2pc versus the dollar to $1.3263 and was down around 1.1pc versus the euro at 0.9121, while implied sterling volatility gauges for overnight and one-week maturities jumped to over 17pc and 14pc respectively as traders braced for more swings. Irish Prime Minister Micheal Martin said on Sunday the chances of a deal were 50-50, while bank JPMorgan said odds of a no-trade deal exit had risen to one third from 20pc.""A deal can still be done but with the probabilities near 50:50 it is little wonder that option demand seems biased towards downside strikes,"" said Jeremy Stretch, head of G10 FX Strategy at CIBC Capital Markets.  British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen will review the situation on Monday evening.Meantime, the U.S. dollar rose 0.4pc to 91.19 against a basket of currencies, after hitting a 2-1/2-year low last week. Brexit tensions also lifted European bond prices, sending yields lower. The yield on Germany\'s 10-year Bund dropped to a one week low of -0.58pc, also weighed down by expectations the ECB would announce further stimulus later this week.In commodities, oil prices slipped from their highest levels since March as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California.U.S. crude fell 1.7pc to $45.46 per barrel and Brent  was down 1.5pc to $48.49. Brent has lost about a quarter of its value so far this year.', 'MILAN/SYDNEY: World shares and other risk assets fell on Monday as growing risks of a no-deal Brexit that hit the pound hard and fresh Sino-U.S. tensions offset bets over more fiscal and central bank stimulus in Europe and the United States.After surging to a fresh all-time high earlier on Monday, the MSCI world equity index, which tracks shares in 49 countries, turned lower to fall 0.3pc by 0919 GMT. European shares fell 0.6pc in early trade following losses in Asia on a Reuters report that Washington was preparing sanctions on Chinese officials over their alleged role in Beijing\'s disqualification of elected opposition legislators in Hong Kong.E-Mini futures for the S&P 500 slipped 0.5pc. The main source of angst in Europe was Brexit trade talks which hung in the balance as London and Brussels tried to bridge significant differences in a last-ditch attempt to avoid a disorderly exit by year end.Other potentially market moving events were also eyed, starting with a EU summit from Thursday to break an impasse over a 1.8 trillion-euro Coronavirus aid package, as well as the last ECB policy meeting of the year on the same day.    ""To say that this week will be a crunch week with lots of high risk events with potentially binary outcomes is an understatement,"" said AFS Group analyst Arne Petimezas.""While the week might be packed with high risk events, markets are so high on central bank liquidity and central bank puts that no one seems to really care,"" he added.World shares had initially risen on Monday on hopes of a faster global recovery as coronavirus vaccines get rolled out, starting this week in Britain. Hopes the vaccines will help curb the pandemic, which has so far killed more than 1.5 million people globally, sent shares soaring in recent weeks. On top of that, expectations of a U.S. stimulus aid package gathered pace after weak payrolls data on Friday, following months of deadlocked negotiations.A bipartisan group of Democrats and Republicans proposed a compromise 900 million package that leaders on both sides appear open to agreeing to.In currencies, the pound was under heavy pressure and risk currencies fell as the lack of progress in Brexit talks dented hopes that UK and EU negotiators will be able to strike a trade deal before a transition period ends later this month.     Sterling fell 1.2pc versus the dollar to $1.3263 and was down around 1.1pc versus the euro at 0.9121, while implied sterling volatility gauges for overnight and one-week maturities jumped to over 17pc and 14pc respectively as traders braced for more swings. Irish Prime Minister Micheal Martin said on Sunday the chances of a deal were 50-50, while bank JPMorgan said odds of a no-trade deal exit had risen to one third from 20pc.""A deal can still be done but with the probabilities near 50:50 it is little wonder that option demand seems biased towards downside strikes,"" said Jeremy Stretch, head of G10 FX Strategy at CIBC Capital Markets.  British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen will review the situation on Monday evening.Meantime, the U.S. dollar rose 0.4pc to 91.19 against a basket of currencies, after hitting a 2-1/2-year low last week. Brexit tensions also lifted European bond prices, sending yields lower. The yield on Germany\'s 10-year Bund dropped to a one week low of -0.58pc, also weighed down by expectations the ECB would announce further stimulus later this week.In commodities, oil prices slipped from their highest levels since March as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California.U.S. crude fell 1.7pc to $45.46 per barrel and Brent  was down 1.5pc to $48.49. Brent has lost about a quarter of its value so far this year.']","['SINGAPORE oil prices fell on monday as a continued surge in coronavirus globally forced a series of renewed lockdowns, including strict new measures in southern California.Brent crude oil futures were down 16 cents, or 0.3%, at $49.09 a barrel by 0117 GMT, while west texas intermediate oil futures fell 19 cents, or 0.4%, to $46.07 a barrel. both benchmarks gained for a fifth consecutive week last week.""crude pared earlier vaccine roll-out gains after los angeles county had another record high in coronavirus cases and south korea raised their alert level,"" said edward moya, senior market analyst at OANDA.""COVID restrictive measures and lockdowns across the globe seem poised to keep crude prices heavy in the short-term.""The restrictions in california call for bars, hair and nail salons and tattoo shops to close again.the southern german region of bavaria announced on sunday that it will impose a tougher lockdown from wednesday until jan. 5, while south korean authorities said they will impose heightened social distancing rules for the capital seoul and surrounding areas that will last until at least the end of the month.also weighing on prices, US energy firms last week added oil and natural gas rigs for the 11th time in 12 weeks as producers return to the wellpad even as most are cutting spending this year and next.iran, meanwhile, has instructed its oil ministry to prepare installations for production and sale of crude oil at full capacity within three months, state media said on Sunday.""Adding to the pressure on oil prices is the potential iranian increase to production in three months. iran is optimistic the US will ease restrictions if they return back to the 2015 nuclear deal,"" moya added.', 'SYDNEY asian shares retreated from a record peak on monday after a reuters report the united states was preparing to impose sanctions on some chinese officials highlighted geopolitical tensions, while oil prices fell on surging virus cases.in a signal markets elsewhere would start weaker, eurostoxx 50 futures were 0.4% down, futures for germany DAX eased 0.3% while those of london FTSE were flat. E-Mini futures for the S&P 500 slipped 0.2%.MSCI broadest index of Asia-Pacific shares outside japan fell 0.1% following four straight sessions of gains. the index hit a record high of 644.3 points early on Monday.It is up about 16% so far this year, the best since a 33% jump in 2017.china blue-chip index dropped 0.8%, largely ignoring strong export data, while hong kong hang seng was down 1.7%.japan nikkei declined 0.46% while australian shares were up 0.6%.the sell-off began after reuters exclusively reported, citing sources, that the united states was preparing sanctions on at least a dozen chinese officials over their alleged role in beijing disqualification of elected opposition legislators in hong Kong.The move comes as president donald trump administration keeps up pressure on beijing in his final weeks in office.""one thing that the market has been concerned about is that on his (way) out of office trump would look for some retribution on china. so this news speaks to that fear,"" said kyle rodda, market strategist at IG markets in Melbourne.""At the end of the day, the market knows he only has six weeks left. the broader focus is still on vaccine roll-outs and US fiscal stimulus.""asian markets had initially started higher on hopes of a faster global recovery as coronavirus vaccines get rolled out, starting this week in Britain.US authorities will also this week discuss the programme before the expected first round of vaccinations this month.hopes the vaccines will help curb the pandemic, which has so far killed more than 1.5 million people globally, sent shares soaring in recent weeks.on wall street, stock indexes reached fresh all-time highs on friday with the dow rising 0.8%, the S&P 500 gaining 0.9% and the nasdaq adding 0.7%.""the vaccine will break the link between mobility and infection rate, allowing for the strongest global GDP growth in more than two decades,"" JPMorgan analysts wrote in a note, forecasting global growth of 4.7% in 2021.still, expectations of a US stimulus aid package gathered pace after weak payrolls data last week, following months of deadlocked negotiations.the US economy added the fewest workers in six months in november, with nonfarm payrolls increasing by 245,000 jobs last month, much lower than expectations for a 469,000 increase.a bipartisan group of democrats and republicans proposed a compromise $0.9 trillion package that leaders on both sides appear open to agreeing to.in currencies, investor focus is on a last-ditch attempt by britain and the european union to strike a post-Brexit trade deal this week, with probably just days left for negotiators to avert a chaotic parting of ways at the end of the year.if there is no deal, a five-year brexit divorce will end messily just as britain and its former EU partners grapple with the severe economic cost of the COVID-19 pandemic.the pound was a shade weaker at $1.3419 while the single currency was up 0.1% at $1.2133, not too far from an april 2018 high of $1.2177.the risk sensitive australian dollar was up 0.1% at $0.7433.in commodities, oil prices slipped from their highest levels since march as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in southern California.US crude was off 24 cents at $46.02 per barrel and brent was down 26 cents at $48.99. brent has lost about a quarter of its value so far this year.spot gold, which hit a record high of $2,072.49 an ounce, was last at $1,838.9, still up a hefty 21% this year.', 'SYDNEY asian shares retreated from a record peak on monday after a reuters report the united states was preparing to impose sanctions on some chinese officials highlighted geopolitical tensions, while oil prices fell on surging virus cases.in a signal markets elsewhere would start weaker, eurostoxx 50 futures were 0.4% down, futures for germany DAX eased 0.3% while those of london FTSE were flat. E-Mini futures for the S&P 500 slipped 0.2%.MSCI broadest index of Asia-Pacific shares outside japan fell 0.1% following four straight sessions of gains. the index hit a record high of 644.3 points early on Monday.It is up about 16% so far this year, the best since a 33% jump in 2017.china blue-chip index dropped 0.8%, largely ignoring strong export data, while hong kong hang seng was down 1.7%.japan nikkei declined 0.46% while australian shares were up 0.6%.the sell-off began after reuters exclusively reported, citing sources, that the united states was preparing sanctions on at least a dozen chinese officials over their alleged role in beijing disqualification of elected opposition legislators in hong Kong.The move comes as president donald trump administration keeps up pressure on beijing in his final weeks in office.""one thing that the market has been concerned about is that on his (way) out of office trump would look for some retribution on china. so this news speaks to that fear,"" said kyle rodda, market strategist at IG markets in Melbourne.""At the end of the day, the market knows he only has six weeks left. the broader focus is still on vaccine roll-outs and US fiscal stimulus.""asian markets had initially started higher on hopes of a faster global recovery as coronavirus vaccines get rolled out, starting this week in Britain.US authorities will also this week discuss the programme before the expected first round of vaccinations this month.hopes the vaccines will help curb the pandemic, which has so far killed more than 1.5 million people globally, sent shares soaring in recent weeks.on wall street, stock indexes reached fresh all-time highs on friday with the dow rising 0.8%, the S&P 500 gaining 0.9% and the nasdaq adding 0.7%.""the vaccine will break the link between mobility and infection rate, allowing for the strongest global GDP growth in more than two decades,"" JPMorgan analysts wrote in a note, forecasting global growth of 4.7% in 2021.still, expectations of a US stimulus aid package gathered pace after weak payrolls data last week, following months of deadlocked negotiations.the US economy added the fewest workers in six months in november, with nonfarm payrolls increasing by 245,000 jobs last month, much lower than expectations for a 469,000 increase.a bipartisan group of democrats and republicans proposed a compromise $0.9 trillion package that leaders on both sides appear open to agreeing to.in currencies, investor focus is on a last-ditch attempt by britain and the european union to strike a post-Brexit trade deal this week, with probably just days left for negotiators to avert a chaotic parting of ways at the end of the year.if there is no deal, a five-year brexit divorce will end messily just as britain and its former EU partners grapple with the severe economic cost of the COVID-19 pandemic.the pound was a shade weaker at $1.3419 while the single currency was up 0.1% at $1.2133, not too far from an april 2018 high of $1.2177.the risk sensitive australian dollar was up 0.1% at $0.7433.in commodities, oil prices slipped from their highest levels since march as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in southern California.US crude was off 24 cents at $46.02 per barrel and brent was down 26 cents at $48.99. brent has lost about a quarter of its value so far this year.spot gold, which hit a record high of $2,072.49 an ounce, was last at $1,838.9, still up a hefty 21% this year.', 'SYDNEY asian shares retreated from a record peak on monday after a reuters report the united states was preparing to impose sanctions on some chinese officials highlighted geopolitical tensions, while oil prices fell on surging virus cases.in a signal markets elsewhere would start weaker, eurostoxx 50 futures were 0.4% down, futures for germany DAX eased 0.3% while those of london FTSE were flat. E-Mini futures for the S&P 500 slipped 0.2%.MSCI broadest index of Asia-Pacific shares outside japan fell 0.1% following four straight sessions of gains. the index hit a record high of 644.3 points early on Monday.It is up about 16% so far this year, the best since a 33% jump in 2017.china blue-chip index dropped 0.8%, largely ignoring strong export data, while hong kong hang seng was down 1.7%.japan nikkei declined 0.46% while australian shares were up 0.6%.the sell-off began after reuters exclusively reported, citing sources, that the united states was preparing sanctions on at least a dozen chinese officials over their alleged role in beijing disqualification of elected opposition legislators in hong Kong.The move comes as president donald trump administration keeps up pressure on beijing in his final weeks in office.""one thing that the market has been concerned about is that on his (way) out of office trump would look for some retribution on china. so this news speaks to that fear,"" said kyle rodda, market strategist at IG markets in Melbourne.""At the end of the day, the market knows he only has six weeks left. the broader focus is still on vaccine roll-outs and US fiscal stimulus.""asian markets had initially started higher on hopes of a faster global recovery as coronavirus vaccines get rolled out, starting this week in Britain.US authorities will also this week discuss the programme before the expected first round of vaccinations this month.hopes the vaccines will help curb the pandemic, which has so far killed more than 1.5 million people globally, sent shares soaring in recent weeks.on wall street, stock indexes reached fresh all-time highs on friday with the dow rising 0.8%, the S&P 500 gaining 0.9% and the nasdaq adding 0.7%.""the vaccine will break the link between mobility and infection rate, allowing for the strongest global GDP growth in more than two decades,"" JPMorgan analysts wrote in a note, forecasting global growth of 4.7% in 2021.still, expectations of a US stimulus aid package gathered pace after weak payrolls data last week, following months of deadlocked negotiations.the US economy added the fewest workers in six months in november, with nonfarm payrolls increasing by 245,000 jobs last month, much lower than expectations for a 469,000 increase.a bipartisan group of democrats and republicans proposed a compromise $0.9 trillion package that leaders on both sides appear open to agreeing to.in currencies, investor focus is on a last-ditch attempt by britain and the european union to strike a post-Brexit trade deal this week, with probably just days left for negotiators to avert a chaotic parting of ways at the end of the year.if there is no deal, a five-year brexit divorce will end messily just as britain and its former EU partners grapple with the severe economic cost of the COVID-19 pandemic.the pound was a shade weaker at $1.3419 while the single currency was up 0.1% at $1.2133, not too far from an april 2018 high of $1.2177.the risk sensitive australian dollar was up 0.1% at $0.7433.in commodities, oil prices slipped from their highest levels since march as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in southern California.US crude was off 24 cents at $46.02 per barrel and brent was down 26 cents at $48.99. brent has lost about a quarter of its value so far this year.spot gold, which hit a record high of $2,072.49 an ounce, was last at $1,838.9, still up a hefty 21% this year.', 'SINGAPORE oil prices slipped on monday from multi-month highs as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in southern california in the united states, the world top oil consumer.brent crude oil futures were down 21 cents, or 0.4%, at $49.04 a barrel by 0747 GMT, while west texas intermediate oil futures fell 25 cents, or 0.5%, to $46.01 a barrel. both benchmarks gained for a fifth consecutive week last week.""crude pared earlier vaccine roll-out gains after los angeles county had another record high in coronavirus cases and south korea raised their alert level,"" said edward moya, senior market analyst at OANDA.""COVID restrictive measures and lockdowns across the globe seem poised to keep crude prices heavy in the short term.""the restrictions in california call for bars, hair and nail salons and tattoo shops to close again.the southern german region of bavaria announced on sunday it would impose a tougher lockdown from wednesday until jan. 5, while south korean authorities heightened social distancing rules for the capital seoul and surrounding areas that would last until at least the end of the month.also weighing on prices, US energy firms last week added oil and natural gas rigs for the 11th time in 12 weeks as producers return to the wellpad even as most are cutting spending this year and next.iran, meanwhile, has instructed its oil ministry to prepare installations for production and sale of crude oil at full capacity within three months, state media said on Sunday.""Adding to the pressure on oil prices is the potential iranian increase to production in three months. iran is optimistic the US will ease restrictions if they return back to the 2015 nuclear deal,"" moya added.still, rapid demand recovery in china and developments in COVID-19 vaccines capped price losses.china exports in november rose at their fastest pace since february 2018, helped by strong global demand and as the recovery in manufacturing in the world second-largest economy outpaced those of its major trading partners.', 'LONDON oil prices slipped on monday as the positive impact from Covid-19 vaccines and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between the united states and China.Brent crude fell $0.59, or 1.2%, to $48.66 a barrel by 1449 GMT. US crude was down $0.58, or 1.3%, at $45.68.surging virus cases and a reuters report signalling the united states is preparing new sanctions on chinese officials . outweighed the positive sentiment driven by vaccine news, said hussein sayed, chief market strategist at FXTM.Reuters reported that the united states was preparing to impose sanctions on at least a dozen chinese officials over their alleged role in beijings disqualification of elected opposition legislators in hong Kong.Both oil contracts gained last week after OPEC+, comprising the organisation of the petroleum exporting countries (OPEC) and its allies, agreed to increase output slightly from january but continue the bulk of existing supply curbs.with the OPEC deal in the bag, now traders looked back at fundamentals, demand and supply, and they were forced to come back to earth as things are not looking good in the short term, said bjornar tonhaugen, head of oil markets at rystad Energy.A surge in coronavirus cases globally has forced a series of renewed lockdowns, including strict new measures in the US state of california and in germany and south Korea.US gasoline consumption fell during the thanksgiving holiday week to the lowest in more than 20 years, OPIS said, as lockdown weighed on fuel consumption.meanwhile, iran has instructed its oil ministry to prepare installations for the production and sale of crude oil at full capacity within three months, state media said on Sunday.Adding to the pressure on oil prices is the potential iranian increase to production in three months. iran is optimistic the US will ease restrictions if they return back to the 2015 nuclear deal, said edward moya, senior market analyst at oanda.', 'MILAN/SYDNEY world shares and other risk assets fell on monday as growing risks of a no-deal brexit that hit the pound hard and fresh Sino-U.S. tensions offset bets over more fiscal and central bank stimulus in europe and the united States.After surging to a fresh all-time high earlier on monday, the MSCI world equity index, which tracks shares in 49 countries, turned lower to fall 0.3pc by 0919 GMT. european shares fell 0.6pc in early trade following losses in asia on a reuters report that washington was preparing sanctions on chinese officials over their alleged role in beijing disqualification of elected opposition legislators in hong Kong.E-Mini futures for the S&P 500 slipped 0.5pc. the main source of angst in europe was brexit trade talks which hung in the balance as london and brussels tried to bridge significant differences in a last-ditch attempt to avoid a disorderly exit by year end.other potentially market moving events were also eyed, starting with a EU summit from thursday to break an impasse over a 1.8 trillion-euro coronavirus aid package, as well as the last ECB policy meeting of the year on the same day. ""to say that this week will be a crunch week with lots of high risk events with potentially binary outcomes is an understatement,"" said AFS group analyst arne Petimezas.""While the week might be packed with high risk events, markets are so high on central bank liquidity and central bank puts that no one seems to really care,"" he added.world shares had initially risen on monday on hopes of a faster global recovery as coronavirus vaccines get rolled out, starting this week in britain. hopes the vaccines will help curb the pandemic, which has so far killed more than 1.5 million people globally, sent shares soaring in recent weeks. on top of that, expectations of a U.S. stimulus aid package gathered pace after weak payrolls data on friday, following months of deadlocked negotiations.a bipartisan group of democrats and republicans proposed a compromise 900 million package that leaders on both sides appear open to agreeing to.in currencies, the pound was under heavy pressure and risk currencies fell as the lack of progress in brexit talks dented hopes that UK and EU negotiators will be able to strike a trade deal before a transition period ends later this month. sterling fell 1.2pc versus the dollar to $1.3263 and was down around 1.1pc versus the euro at 0.9121, while implied sterling volatility gauges for overnight and one-week maturities jumped to over 17pc and 14pc respectively as traders braced for more swings. irish prime minister micheal martin said on sunday the chances of a deal were 50-50, while bank JPMorgan said odds of a no-trade deal exit had risen to one third from 20pc.""a deal can still be done but with the probabilities near 50 50 it is little wonder that option demand seems biased towards downside strikes,"" said jeremy stretch, head of G10 FX strategy at CIBC capital markets. british prime minister boris johnson and european commission president ursula von der leyen will review the situation on monday evening.meantime, the U.S. dollar rose 0.4pc to 91.19 against a basket of currencies, after hitting a 2-1/2-year low last week. brexit tensions also lifted european bond prices, sending yields lower. the yield on germany 10-year bund dropped to a one week low of -0.58pc, also weighed down by expectations the ECB would announce further stimulus later this week.in commodities, oil prices slipped from their highest levels since march as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in southern California.U.S. crude fell 1.7pc to $45.46 per barrel and brent was down 1.5pc to $48.49. brent has lost about a quarter of its value so far this year.', 'MILAN/SYDNEY world shares and other risk assets fell on monday as growing risks of a no-deal brexit that hit the pound hard and fresh Sino-U.S. tensions offset bets over more fiscal and central bank stimulus in europe and the united States.After surging to a fresh all-time high earlier on monday, the MSCI world equity index, which tracks shares in 49 countries, turned lower to fall 0.3pc by 0919 GMT. european shares fell 0.6pc in early trade following losses in asia on a reuters report that washington was preparing sanctions on chinese officials over their alleged role in beijing disqualification of elected opposition legislators in hong Kong.E-Mini futures for the S&P 500 slipped 0.5pc. the main source of angst in europe was brexit trade talks which hung in the balance as london and brussels tried to bridge significant differences in a last-ditch attempt to avoid a disorderly exit by year end.other potentially market moving events were also eyed, starting with a EU summit from thursday to break an impasse over a 1.8 trillion-euro coronavirus aid package, as well as the last ECB policy meeting of the year on the same day. ""to say that this week will be a crunch week with lots of high risk events with potentially binary outcomes is an understatement,"" said AFS group analyst arne Petimezas.""While the week might be packed with high risk events, markets are so high on central bank liquidity and central bank puts that no one seems to really care,"" he added.world shares had initially risen on monday on hopes of a faster global recovery as coronavirus vaccines get rolled out, starting this week in britain. hopes the vaccines will help curb the pandemic, which has so far killed more than 1.5 million people globally, sent shares soaring in recent weeks. on top of that, expectations of a U.S. stimulus aid package gathered pace after weak payrolls data on friday, following months of deadlocked negotiations.a bipartisan group of democrats and republicans proposed a compromise 900 million package that leaders on both sides appear open to agreeing to.in currencies, the pound was under heavy pressure and risk currencies fell as the lack of progress in brexit talks dented hopes that UK and EU negotiators will be able to strike a trade deal before a transition period ends later this month. sterling fell 1.2pc versus the dollar to $1.3263 and was down around 1.1pc versus the euro at 0.9121, while implied sterling volatility gauges for overnight and one-week maturities jumped to over 17pc and 14pc respectively as traders braced for more swings. irish prime minister micheal martin said on sunday the chances of a deal were 50-50, while bank JPMorgan said odds of a no-trade deal exit had risen to one third from 20pc.""a deal can still be done but with the probabilities near 50 50 it is little wonder that option demand seems biased towards downside strikes,"" said jeremy stretch, head of G10 FX strategy at CIBC capital markets. british prime minister boris johnson and european commission president ursula von der leyen will review the situation on monday evening.meantime, the U.S. dollar rose 0.4pc to 91.19 against a basket of currencies, after hitting a 2-1/2-year low last week. brexit tensions also lifted european bond prices, sending yields lower. the yield on germany 10-year bund dropped to a one week low of -0.58pc, also weighed down by expectations the ECB would announce further stimulus later this week.in commodities, oil prices slipped from their highest levels since march as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in southern California.U.S. crude fell 1.7pc to $45.46 per barrel and brent was down 1.5pc to $48.49. brent has lost about a quarter of its value so far this year.']","['https://www.brecorder.com/news/40038063/oil-prices-fall-as-surging-virus-cases-force-more-lockdowns', 'https://www.brecorder.com/news/40038108/asian-shares-ease-from-record-high-oil-falls-on-virus-case-surge', 'https://www.brecorder.com/news/40038108/asian-shares-ease-from-record-high-oil-falls-on-virus-case-surge', 'https://www.brecorder.com/news/40038108/asian-shares-ease-from-record-high-oil-falls-on-virus-case-surge', 'https://www.brecorder.com/news/40038153/oil-slips-from-multi-month-high-as-virus-surge-prompt-lockdowns', 'https://tribune.com.pk/story/2275037/oil-falls-on-surging-virus-cases-us-china-tensions', 'https://www.brecorder.com/news/40038222/brexit-and-china-tensions-weigh-on-shares-as-pound-gets-hit', 'https://www.brecorder.com/news/40038222/brexit-and-china-tensions-weigh-on-shares-as-pound-gets-hit']","['brent, , ']","['oil prices fell', 'oil prices slip', 'brent was down', 'oil prices fell', 'oil prices slip', 'oil prices slip', 'oil prices slip', 'brent was down']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg']",100.87,"[-5.33, -1.78, -1.43, -5.33, -1.78, -1.78, -1.78, -1.43]",-2.58,0,3,,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""In the absence of strong signals from both news sentiment and technical indicators, we recommend holding the position. The market signal is neutral, and technical indicators do not provide a clear direction. It's advisable to wait for clearer signals before making any trading decisions.""
}"
12/8/2020,"['Oil dips as COVID cases, lockdowns outweigh vaccination news', 'Oil extend losses as gloom grows over soaring COVID-19 cases, lockdowns', 'Stocks take a breather, Brexit weighs down sterling', 'Oil dips as Covid cases outweigh vaccination news', 'Oil dips as Covid cases outweigh vaccination news']","['oil dips as COVID cases, lockdowns outweigh vaccination news', 'oil extend losses as gloom grows over soaring COVID-19 cases, lockdowns', 'stocks take a breather, brexit weighs down sterling', 'oil dips as covid cases outweigh vaccination news', 'oil dips as covid cases outweigh vaccination news']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune', 'Tribune']","['LONDON: Oil prices fell on Tuesday, adding to the previous session\'s losses after California tightened its pandemic lockdown through Christmas and coronavirus cases surged in the United States and Europe. Brent crude futures fell 26 cents, or 0.53pc, to $48.53 a barrel by 1127 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 25 cents or 0.55pc, to $45.51 a barrel. Both benchmark contracts lost around 1pc on Monday. Oil prices were briefly buoyed after the world\'s first fully-tested COVID-19 vaccine shot was administered to a grandmother in Britain, but investors quickly returned to focus on ebbing fuel demand.Globally, a sharp rise in coronavirus cases has led to a string of renewed lockdowns, including strict measures in California, Germany and South Korea.""The pandemic situation is continuing to be very disruptive in quite a few places in the U.S. and parts of Europe. That\'s impacting sentiment on demand near term,"" said Lachlan Shaw, National Australia Bank\'s head of commodity research.California on Monday required most in the state to close shop and stay at home under a new order that will last at least three weeks. France may have to delay unwinding some lockdown restrictions next week, government sources said, after signs the downward trend in new cases had flattened out after shops were allowed to reopen late last month.Analysts said they were closely watching U.S. lawmakers\' efforts to approve a new economic stimulus package. The stimulus will be needed to drive jobs growth, and, in turn, energy demand.""As supply expectations are now firmer after the OPEC+ meeting, at least for January, prices are not expected to deviate much for a while and swings will be focused on \'lighter\' market events, even if these are mostly of psychological value - such as the first vaccinations in the UK,"" Bjornar Tonhaugen, head of oil markets at Rystad Energy, said.OPEC+ is likely to hold their next meeting on Jan. 4, after agreeing last week to raise oil output by 500,000 barrels per day (bpd) next month.Data due from the American Petroleum Institute on Tuesday and from the U.S. government on Wednesday is expected to show that U.S. crude stocks fell last week, while refined product stockpiles rose, according to estimates from five analysts polled by Reuters.', 'SINGAPORE: Oil prices fell on Tuesday, adding to losses from the previous session that came as California tightened its pandemic lockdown through Christmas and coronavirus cases continued to surge in the United States and Europe. Brent crude futures fell 51 cents, or 1.1pc, to $48.28 a barrel by 0744 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 45 cents or 1pc, to $45.31 a barrel. Both benchmark contracts lost around 1pc on Monday. Globally, a sharp rise in coronavirus cases has led to a string of renewed lockdowns, including strict measures in the U.S. state of California as well as Germany and South Korea.""The pandemic situation is continuing to be very disruptive in quite a few places in the U.S. and parts of Europe. That\'s impacting sentiment on demand near term,"" said Lachlan Shaw, National Australia Bank\'s head of commodity research.California on Monday required most of the state to close shop and stay at home under a new order which will last at least three weeks. ""California, one of the U.S. largest road fuel demand states, will be in lockdown lite through what is bound to be a Christmas lite for the oil markets,"" said Stephen Innes, chief market strategist at Axi. Government sources in France said the country may have to delay unwinding some lockdown restrictions next week after signs the downward trend in new cases had flattened out after shops were allowed to reopen late last month.Following last week\'s rally in oil prices on the back of vaccine rollout plans and an agreement by the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, to hold back supply increases, analysts said they were closely watching U.S. lawmakers\' efforts to approve a new economic stimulus package.The stimulus will be needed to drive jobs growth, and, in turn, energy demand.""For the moment, the market is happy to look past these issues as the vaccine rollout begins; however the economic headwinds are building in the short term,"" ANZ Research said in a note.Data due from the American Petroleum Institute later on Tuesday and from the U.S. government on Wednesday is expected to show that U.S. crude stocks fell last week, while refined product stockpiles rose, according to estimates from five analysts polled by Reuters.The dollar also weighed on commodity prices after rising against a basket of currencies.', 'LONDON: World stocks sagged on Tuesday as investors struggled to keep the thundering rally of recent weeks going with COVID-19 infections still surging and London and Brussels stuck in Brexit purgatory.Asia had nudged down amid renewed U.S.-China tensions and Europe\'s main bourses went sideways as the Brexit drama offset news that a 90-year-old grandmother from Northern Ireland had become the first person to receive a COVID-19 vaccine outside a trial.The pan-European STOXX 600 index barely budged, while sterling was wobbling again having tumbled as much as 1.6pc on Monday due to the Brexit nerves.A face-to-face meeting in Brussels between British Prime Minister Boris Johnston and European Commission President Ursula von der Leyen in the coming days is now seen as possibly the only way to salvage a trade deal.""We\'re always hopeful (of striking a deal) but you know there may come a moment when we have to acknowledge that it\'s time to draw stumps and that\'s just the way it is,"" Johnson said on Tuesday referring to a cricketing term for the end of play.MSCI\'s broadest index of Asia-Pacific shares narrowed its losses from early trade as Japan announced a new $700 billion stimulus package, but was still down 0.1pc as anxiety over the coronavirus pandemic also capped sentiment.Among Asia\'s top markets, Australian shares closed higher for a sixth straight session, lifted by data showing an improvement in business sentiment. The S&P/ASX 200 index rose 0.2pc to 6,687.7, adding about 3pc in the past six sessions.However, Japan\'s Nikkei 225 dipped 0.3pc and Seoul\'s Kospi gave back 1.6pc of the searing 20pc rally it has seen since the start of November.Chinese blue-chips remained flat and Hong Kong\'s Hang Seng dropped 0.6pc, as Sino-U.S. tensions continued to weigh on the market. Chinese Foreign Minister Wang Yi assured U.S. executives that Beijing remained committed to the Phase 1 trade deal with the United States. That came as a report showed China\'s purchases of U.S. goods and services as of October, specified in the Phase 1 deal at $75.5 billion for 2020, was about half the level they should be on a pro-rated annual basis.The United States also imposed financial sanctions and a travel ban on 14 Chinese officials over their alleged role in Beijing\'s disqualification last month of elected opposition legislators in Hong Kong.  Chinese foreign ministry spokeswoman Hua Chunying hit back, saying Beijing would take ""firm counter-measures against the malicious actions by the U.S. to safeguard our sovereignty, security and developmental rights"".  CONGRESSOn Wall Street, the Nasdaq Composite rose 0.45pc while the Dow Jones Industrial Average dropped 0.5pc and the S&P 500 lost 0.2pc.Some investors are watching whether U.S. policymakers can reinvigorate efforts to pass additional pandemic stimulus. The U.S. Congress is expected to vote this week on a one-week stopgap funding bill to give negotiators more time to strike a compromise, as the business community cautioned inaction could spur a deeper recession.At the same time, California, the nation\'s most populous state, announced new restrictions on travel and business activity after record case numbers and hospitalizations. Officials in New York warned similar restrictions could be employed soon, which further weigh on the nation\'s recovery.The dollar steadied against most currencies as investors eyed potential stimulus and vaccine development. An index that tracks the dollar against a basket of currencies was little changed at 90.829, not far from 90.471, its weakest since April 2018. The Brexit-bound pound was down 0.3pc in London at $1.3338 although that was well above Monday\'s low of $1.3225.In the bond markets, Euro zone government bond yields edged lower ahead of an expected new round of European Central Bank stimulus later this week, and as uncertainty remained over both Brexit and a European Union recovery fund.A two-day EU summit begins Thursday, and the bloc is ready to set up its planned EU stimulus without Hungary and Poland, which are maintaining their veto of the EU budget. British borrowing costs were down, after falling 7 basis points to 0.28pc on Brexit worries on Monday. The benchmark 10-year Gilt yield dropped 1 basis point as did those on German Bunds which are at -0.592pc.Oil prices fell, extending losses from the previous session. Brent crude fell 0.3pc and U.S. crude dipped 0.5pc. Prices had come under pressure after Reuters had reported the U.S. was prepping sanctions on Chinese officials over Hong Kong.Spot gold prices were 0.22pc higher at $1,867.70 per ounce, and U.S. gold futures settled up 0.31pc at $1,871.7, as investors bet on more stimulus money being pumped into the financial system.""The (global) economic system still needs significant policy support for the reasons we know,"" said Joseph Little, Chief Global Strategist at HSBC GAM.But ""my sense at the moment is that we are in a phase of healing"".', 'LONDON:Oil prices fell on Tuesday, adding to the previous session’s losses after California tightened its pandemic lockdown through Christmas and coronavirus cases surged in the United States and Europe.Brent crude futures fell $0.26, or 0.53%, to $48.53 a barrel by 1127 GMT, while US West Texas Intermediate (WTI) crude futures fell $0.25, or 0.55%, to $45.51 a barrel. Both benchmark contracts lost around 1% on Monday.Oil prices were briefly buoyed after the world’s first fully tested Covid-19 vaccine shot was administered to a grandmother in Britain, but investors quickly returned to focus on ebbing fuel demand.Globally, a sharp rise in coronavirus cases has led to a string of renewed lockdowns, including strict measures in California, Germany and South Korea. “The pandemic situation is continuing to be very disruptive in quite a few places in the US and parts of Europe. That’s impacting sentiment on demand near term,â€ÂÂ\x9d said Lachlan Shaw, National Australia Bank’s Head of Commodity Research.California on Monday required most in the state to close shops and stay at home under a new order that will last at least three weeks.France may have to delay unwinding some lockdown restrictions next week, government sources said, after signs the downward trend in new cases had flattened out after shops were allowed to reopen late last month.Analysts said they were closely watching US lawmakers’ efforts to approve a new economic stimulus package. The stimulus will be needed to drive jobs growth, and, in turn, energy demand. “As supply expectations are now firmer after the OPEC+ meeting, at least for January, prices are not expected to deviate much for a while and swings will be focused on ‘lighter’ market events, even if these are mostly of psychological value – such as the first vaccinations in the UK,â€ÂÂ\x9d Bjornar Tonhaugen, Head of Oil Markets at Rystad Energy, said.OPEC+ is likely to hold its next meeting on January 4, after agreeing last week to raise oil output by 500,000 barrels per day (bpd) next month.Data due from the American Petroleum Institute on Tuesday and from the US government on Wednesday is expected to show that US crude stocks fell last week, while refined product stockpiles rose, according to estimates from five analysts polled by Reuters.', 'LONDON:Oil prices fell on Tuesday, adding to the previous session’s losses after California tightened its pandemic lockdown through Christmas and coronavirus cases surged in the United States and Europe.Brent crude futures fell $0.26, or 0.53%, to $48.53 a barrel by 1127 GMT, while US West Texas Intermediate (WTI) crude futures fell $0.25, or 0.55%, to $45.51 a barrel. Both benchmark contracts lost around 1% on Monday.Oil prices were briefly buoyed after the world’s first fully tested Covid-19 vaccine shot was administered to a grandmother in Britain, but investors quickly returned to focus on ebbing fuel demand.Globally, a sharp rise in coronavirus cases has led to a string of renewed lockdowns, including strict measures in California, Germany and South Korea. “The pandemic situation is continuing to be very disruptive in quite a few places in the US and parts of Europe. That’s impacting sentiment on demand near term,â€ÂÂ\x9d said Lachlan Shaw, National Australia Bank’s Head of Commodity Research.California on Monday required most in the state to close shops and stay at home under a new order that will last at least three weeks.France may have to delay unwinding some lockdown restrictions next week, government sources said, after signs the downward trend in new cases had flattened out after shops were allowed to reopen late last month.Analysts said they were closely watching US lawmakers’ efforts to approve a new economic stimulus package. The stimulus will be needed to drive jobs growth, and, in turn, energy demand. “As supply expectations are now firmer after the OPEC+ meeting, at least for January, prices are not expected to deviate much for a while and swings will be focused on ‘lighter’ market events, even if these are mostly of psychological value – such as the first vaccinations in the UK,â€ÂÂ\x9d Bjornar Tonhaugen, Head of Oil Markets at Rystad Energy, said.OPEC+ is likely to hold its next meeting on January 4, after agreeing last week to raise oil output by 500,000 barrels per day (bpd) next month.Data due from the American Petroleum Institute on Tuesday and from the US government on Wednesday is expected to show that US crude stocks fell last week, while refined product stockpiles rose, according to estimates from five analysts polled by Reuters.']","['LONDON oil prices fell on tuesday, adding to the previous session losses after california tightened its pandemic lockdown through christmas and coronavirus cases surged in the united states and europe. brent crude futures fell 26 cents, or 0.53pc, to $48.53 a barrel by 1127 GMT, while U.S. west texas intermediate (WTI) crude futures fell 25 cents or 0.55pc, to $45.51 a barrel. both benchmark contracts lost around 1pc on monday. oil prices were briefly buoyed after the world first fully-tested COVID-19 vaccine shot was administered to a grandmother in britain, but investors quickly returned to focus on ebbing fuel demand.globally, a sharp rise in coronavirus cases has led to a string of renewed lockdowns, including strict measures in california, germany and south Korea.""The pandemic situation is continuing to be very disruptive in quite a few places in the U.S. and parts of europe. that impacting sentiment on demand near term,"" said lachlan shaw, national australia bank head of commodity research.california on monday required most in the state to close shop and stay at home under a new order that will last at least three weeks. france may have to delay unwinding some lockdown restrictions next week, government sources said, after signs the downward trend in new cases had flattened out after shops were allowed to reopen late last month.analysts said they were closely watching U.S. lawmakers\' efforts to approve a new economic stimulus package. the stimulus will be needed to drive jobs growth, and, in turn, energy demand.""as supply expectations are now firmer after the OPEC+ meeting, at least for january, prices are not expected to deviate much for a while and swings will be focused on \'lighter\' market events, even if these are mostly of psychological value - such as the first vaccinations in the UK,"" bjornar tonhaugen, head of oil markets at rystad energy, said.OPEC+ is likely to hold their next meeting on jan. 4, after agreeing last week to raise oil output by 500,000 barrels per day (bpd) next month.data due from the american petroleum institute on tuesday and from the U.S. government on wednesday is expected to show that U.S. crude stocks fell last week, while refined product stockpiles rose, according to estimates from five analysts polled by reuters.', 'SINGAPORE oil prices fell on tuesday, adding to losses from the previous session that came as california tightened its pandemic lockdown through christmas and coronavirus cases continued to surge in the united states and europe. brent crude futures fell 51 cents, or 1.1pc, to $48.28 a barrel by 0744 GMT, while U.S. west texas intermediate (WTI) crude futures fell 45 cents or 1pc, to $45.31 a barrel. both benchmark contracts lost around 1pc on monday. globally, a sharp rise in coronavirus cases has led to a string of renewed lockdowns, including strict measures in the U.S. state of california as well as germany and south Korea.""The pandemic situation is continuing to be very disruptive in quite a few places in the U.S. and parts of europe. that impacting sentiment on demand near term,"" said lachlan shaw, national australia bank head of commodity research.california on monday required most of the state to close shop and stay at home under a new order which will last at least three weeks. ""california, one of the U.S. largest road fuel demand states, will be in lockdown lite through what is bound to be a christmas lite for the oil markets,"" said stephen innes, chief market strategist at axi. government sources in france said the country may have to delay unwinding some lockdown restrictions next week after signs the downward trend in new cases had flattened out after shops were allowed to reopen late last month.following last week rally in oil prices on the back of vaccine rollout plans and an agreement by the organization of the petroleum exporting countries and allies, together called OPEC+, to hold back supply increases, analysts said they were closely watching U.S. lawmakers\' efforts to approve a new economic stimulus package.the stimulus will be needed to drive jobs growth, and, in turn, energy demand.""for the moment, the market is happy to look past these issues as the vaccine rollout begins however the economic headwinds are building in the short term,"" ANZ research said in a note.data due from the american petroleum institute later on tuesday and from the U.S. government on wednesday is expected to show that U.S. crude stocks fell last week, while refined product stockpiles rose, according to estimates from five analysts polled by Reuters.The dollar also weighed on commodity prices after rising against a basket of currencies.', 'LONDON world stocks sagged on tuesday as investors struggled to keep the thundering rally of recent weeks going with COVID-19 infections still surging and london and brussels stuck in brexit purgatory.asia had nudged down amid renewed U.S.-China tensions and europe main bourses went sideways as the brexit drama offset news that a 90-year-old grandmother from northern ireland had become the first person to receive a COVID-19 vaccine outside a trial.the pan-European STOXX 600 index barely budged, while sterling was wobbling again having tumbled as much as 1.6pc on monday due to the brexit nerves.a face-to-face meeting in brussels between british prime minister boris johnston and european commission president ursula von der leyen in the coming days is now seen as possibly the only way to salvage a trade deal.""we are always hopeful (of striking a deal) but you know there may come a moment when we have to acknowledge that it time to draw stumps and that just the way it is,"" johnson said on tuesday referring to a cricketing term for the end of play.MSCI broadest index of Asia-Pacific shares narrowed its losses from early trade as japan announced a new $700 billion stimulus package, but was still down 0.1pc as anxiety over the coronavirus pandemic also capped sentiment.among asia top markets, australian shares closed higher for a sixth straight session, lifted by data showing an improvement in business sentiment. the S&P/ASX 200 index rose 0.2pc to 6,687.7, adding about 3pc in the past six sessions.however, japan nikkei 225 dipped 0.3pc and seoul kospi gave back 1.6pc of the searing 20pc rally it has seen since the start of November.Chinese blue-chips remained flat and hong kong hang seng dropped 0.6pc, as Sino-U.S. tensions continued to weigh on the market. chinese foreign minister wang yi assured U.S. executives that beijing remained committed to the phase 1 trade deal with the united states. that came as a report showed china purchases of U.S. goods and services as of october, specified in the phase 1 deal at $75.5 billion for 2020, was about half the level they should be on a pro-rated annual basis.the united states also imposed financial sanctions and a travel ban on 14 chinese officials over their alleged role in beijing disqualification last month of elected opposition legislators in hong kong. chinese foreign ministry spokeswoman hua chunying hit back, saying beijing would take ""firm counter-measures against the malicious actions by the U.S. to safeguard our sovereignty, security and developmental rights"". CONGRESSOn wall street, the nasdaq composite rose 0.45pc while the dow jones industrial average dropped 0.5pc and the S&P 500 lost 0.2pc.some investors are watching whether U.S. policymakers can reinvigorate efforts to pass additional pandemic stimulus. the U.S. congress is expected to vote this week on a one-week stopgap funding bill to give negotiators more time to strike a compromise, as the business community cautioned inaction could spur a deeper recession.at the same time, california, the nation most populous state, announced new restrictions on travel and business activity after record case numbers and hospitalizations. officials in new york warned similar restrictions could be employed soon, which further weigh on the nation recovery.the dollar steadied against most currencies as investors eyed potential stimulus and vaccine development. an index that tracks the dollar against a basket of currencies was little changed at 90.829, not far from 90.471, its weakest since april 2018. the Brexit-bound pound was down 0.3pc in london at $1.3338 although that was well above monday low of $1.3225.in the bond markets, euro zone government bond yields edged lower ahead of an expected new round of european central bank stimulus later this week, and as uncertainty remained over both brexit and a european union recovery fund.a two-day EU summit begins thursday, and the bloc is ready to set up its planned EU stimulus without hungary and poland, which are maintaining their veto of the EU budget. british borrowing costs were down, after falling 7 basis points to 0.28pc on brexit worries on monday. the benchmark 10-year gilt yield dropped 1 basis point as did those on german bunds which are at -0.592pc.Oil prices fell, extending losses from the previous session. brent crude fell 0.3pc and U.S. crude dipped 0.5pc. prices had come under pressure after reuters had reported the U.S. was prepping sanctions on chinese officials over hong Kong.Spot gold prices were 0.22pc higher at $1,867.70 per ounce, and U.S. gold futures settled up 0.31pc at $1,871.7, as investors bet on more stimulus money being pumped into the financial system.""the (global) economic system still needs significant policy support for the reasons we know,"" said joseph little, chief global strategist at HSBC GAM.But ""my sense at the moment is that we are in a phase of healing"".', 'LONDON oil prices fell on tuesday, adding to the previous sessions losses after california tightened its pandemic lockdown through christmas and coronavirus cases surged in the united states and Europe.Brent crude futures fell $0.26, or 0.53%, to $48.53 a barrel by 1127 GMT, while US west texas intermediate (WTI) crude futures fell $0.25, or 0.55%, to $45.51 a barrel. both benchmark contracts lost around 1% on Monday.Oil prices were briefly buoyed after the worlds first fully tested Covid-19 vaccine shot was administered to a grandmother in britain, but investors quickly returned to focus on ebbing fuel demand.globally, a sharp rise in coronavirus cases has led to a string of renewed lockdowns, including strict measures in california, germany and south korea. the pandemic situation is continuing to be very disruptive in quite a few places in the US and parts of europe. thats impacting sentiment on demand near term, said lachlan shaw, national australia banks head of commodity Research.California on monday required most in the state to close shops and stay at home under a new order that will last at least three weeks.france may have to delay unwinding some lockdown restrictions next week, government sources said, after signs the downward trend in new cases had flattened out after shops were allowed to reopen late last month.analysts said they were closely watching US lawmakers efforts to approve a new economic stimulus package. the stimulus will be needed to drive jobs growth, and, in turn, energy demand. as supply expectations are now firmer after the OPEC+ meeting, at least for january, prices are not expected to deviate much for a while and swings will be focused on lighter market events, even if these are mostly of psychological value such as the first vaccinations in the UK, bjornar tonhaugen, head of oil markets at rystad energy, said.OPEC+ is likely to hold its next meeting on january 4, after agreeing last week to raise oil output by 500,000 barrels per day (bpd) next month.data due from the american petroleum institute on tuesday and from the US government on wednesday is expected to show that US crude stocks fell last week, while refined product stockpiles rose, according to estimates from five analysts polled by reuters.', 'LONDON oil prices fell on tuesday, adding to the previous sessions losses after california tightened its pandemic lockdown through christmas and coronavirus cases surged in the united states and Europe.Brent crude futures fell $0.26, or 0.53%, to $48.53 a barrel by 1127 GMT, while US west texas intermediate (WTI) crude futures fell $0.25, or 0.55%, to $45.51 a barrel. both benchmark contracts lost around 1% on Monday.Oil prices were briefly buoyed after the worlds first fully tested Covid-19 vaccine shot was administered to a grandmother in britain, but investors quickly returned to focus on ebbing fuel demand.globally, a sharp rise in coronavirus cases has led to a string of renewed lockdowns, including strict measures in california, germany and south korea. the pandemic situation is continuing to be very disruptive in quite a few places in the US and parts of europe. thats impacting sentiment on demand near term, said lachlan shaw, national australia banks head of commodity Research.California on monday required most in the state to close shops and stay at home under a new order that will last at least three weeks.france may have to delay unwinding some lockdown restrictions next week, government sources said, after signs the downward trend in new cases had flattened out after shops were allowed to reopen late last month.analysts said they were closely watching US lawmakers efforts to approve a new economic stimulus package. the stimulus will be needed to drive jobs growth, and, in turn, energy demand. as supply expectations are now firmer after the OPEC+ meeting, at least for january, prices are not expected to deviate much for a while and swings will be focused on lighter market events, even if these are mostly of psychological value such as the first vaccinations in the UK, bjornar tonhaugen, head of oil markets at rystad energy, said.OPEC+ is likely to hold its next meeting on january 4, after agreeing last week to raise oil output by 500,000 barrels per day (bpd) next month.data due from the american petroleum institute on tuesday and from the US government on wednesday is expected to show that US crude stocks fell last week, while refined product stockpiles rose, according to estimates from five analysts polled by reuters.']","['https://www.brecorder.com/news/40038753/oil-dips-as-covid-cases-lockdowns-outweigh-vaccination-news', 'https://www.brecorder.com/news/40038733/oil-extend-losses-as-gloom-grows-over-soaring-covid-19-cases-lockdowns', 'https://www.brecorder.com/news/40038702/stocks-take-a-breather-brexit-weighs-down-sterling', 'https://tribune.com.pk/story/2275160/oil-dips-as-covid-cases-outweigh-vaccination-news', 'https://tribune.com.pk/story/2275160/oil-dips-as-covid-cases-outweigh-vaccination-news']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices fell', 'oil prices fell', 'US crude stocks fell']","['neg', 'neg', 'neg', 'neg', 'neg']",100.16,"[-5.33, -5.33, -5.33, -5.33, -1.04]",-4.47,1,3,,0,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""The market signal indicates a buy opportunity. Although the news sentiment is negative, the positive market signal suggests a bullish outlook. Investors are advised to consider the technical indicators and proceed with caution.""
}"
12/9/2020,['Oil turns negative after unexpected massive US crude stock build'],['oil turns negative after unexpected massive US crude stock build'],['Business Recorder'],"['NEW YORK: Oil prices fell about 1% Wednesday, reversing strong gains after data showed US crude stockpiles jumped unexpectedly in their largest build since April amid a record surge in imports.US crude inventories rose by 15.2 million barrels to 503.2 million barrels last week, according to the Energy Information Administration, compared with analysts\' expectations in a Reuters poll for a 1.4 million-barrel drop..Brent crude fell 21 cents, or 0.4%, to $48.63 a barrel by 11:09 a.m. EST (1609 GMT). US West Texas Intermediate (WTI) crude CLc1> fell 39 cents, or 0.9%, to $45.21.""I\'m trying to get my jaw off the ground here...15 million barrels is an off-the-charts build,"" said Phil Flynn, senior analyst at Price Futures Group in Chicago.US net imports of crude oil rose by 2.7 million barrels per day last week, the biggest increase on record, as exports plunged.""It looks like the Saudis are targeting the US inventories situation again, sending barrels here,"" said John Kilduff, partner at Again Capital LLC in New York.US gasoline and distillate stockpiles were also markedly higher as refineries boosted output.""The significant increase in gasoline and distillate inventories is likely a result of lower oil demand post the Thanksgiving holiday, as well as additional stay at home measures across country,"" said Andrew Lipow, president of Lipow Oil Associates in Houston.?Earlier in the session, oil rose as news about COVID-19 vaccines lifted investor hopes for a recovery in fuel demand and the US dollar, in which oil is traded, reached 2-1/2-year lows.Britain began mass vaccinations on Tuesday. Expectations that others will soon follow helped offset fears about a sharp rise in coronavirus cases globally that has led to new restrictions on movements around the world.The vaccine news helped offset some fears from a sharp rise in coronavirus cases globally that has led to a string of renewed lockdowns, including strict measures in California, Germany and South Korea.""The worsening COVID situation, in particular in Europe, is weighing on prices,"" research firm JBC Energy said.']","['NEW YORK oil prices fell about 1% wednesday, reversing strong gains after data showed US crude stockpiles jumped unexpectedly in their largest build since april amid a record surge in imports.US crude inventories rose by 15.2 million barrels to 503.2 million barrels last week, according to the energy information administration, compared with analysts\' expectations in a reuters poll for a 1.4 million-barrel drop..brent crude fell 21 cents, or 0.4%, to $48.63 a barrel by 11 09 a.m. EST (1609 GMT). US west texas intermediate (WTI) crude CLc1&gt fell 39 cents, or 0.9%, to $45.21.""I am trying to get my jaw off the ground here.15 million barrels is an off-the-charts build,"" said phil flynn, senior analyst at price futures group in Chicago.US net imports of crude oil rose by 2.7 million barrels per day last week, the biggest increase on record, as exports plunged.""it looks like the saudis are targeting the US inventories situation again, sending barrels here,"" said john kilduff, partner at again capital LLC in new York.US gasoline and distillate stockpiles were also markedly higher as refineries boosted output.""the significant increase in gasoline and distillate inventories is likely a result of lower oil demand post the thanksgiving holiday, as well as additional stay at home measures across country,"" said andrew lipow, president of lipow oil associates in Houston.?Earlier in the session, oil rose as news about COVID-19 vaccines lifted investor hopes for a recovery in fuel demand and the US dollar, in which oil is traded, reached 2-1/2-year lows.britain began mass vaccinations on tuesday. expectations that others will soon follow helped offset fears about a sharp rise in coronavirus cases globally that has led to new restrictions on movements around the world.the vaccine news helped offset some fears from a sharp rise in coronavirus cases globally that has led to a string of renewed lockdowns, including strict measures in california, germany and south Korea.""The worsening COVID situation, in particular in europe, is weighing on prices,"" research firm JBC energy said.']",['https://www.brecorder.com/news/40039327/oil-turns-negative-after-unexpected-massive-us-crude-stock-build'],"['brent, , ']",['oil prices fell'],['neg'],101.79,[-5.33],-5.33,0,3,,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""The significantly negative news impact suggests a strong sell, but the market signal is neutral. Hence, we recommend refraining from taking any position in the market. Investors should avoid trading under such circumstances to mitigate potential risks.""
}"
12/11/2020,"['Oil set for weekly gain amid virus vaccine progress', 'Oil set for weekly gain amid coronavirus vaccine rollouts']","['oil set for weekly gain amid virus vaccine progress', 'oil set for weekly gain amid coronavirus vaccine rollouts']","['Tribune', 'Business Recorder']","['LONDON:Oil prices eased on Friday, but were set for a sixth week of gains as progress towards novel coronavirus vaccination programmes fed hopes that demand for fuel would rebound next year.Brent was down $0.18, or 0.4%, at $50.07 a barrel at 1242 GMT, after rising above $51 a barrel on Thursday to an early-March high.US oil was down $0.12, or 0.3%, at $46.66 a barrel, having risen almost 3% in the previous session.Promising vaccine trials have helped lift some gloom over record increases in the number of new coronavirus infections and deaths around the world.Britain began inoculations this week and the United States could start vaccinations as early as the coming weekend, while Canada on Wednesday approved its first vaccine with initial shots due from next week.“The vaccine optimism ... seems to continue unscathed due to the back-to-back approvals vaccines are getting and the quicker-than-previously-thought rollout of the first campaigns in key markets,â€ÂÂ\x9d Rystad Energy analyst Paola Rodriguez-Masiu said.Outside advisers for the US Food and Drug Administration have voted to endorse emergency use of Pfizer’s vaccine, paving the way for the agency to authorise its use to inoculate a nation that has lost more than 285,000 lives to Covid-19.A big jump in US crude stockpiles last week served as a reminder that there is still plenty of supply available, but it was all but ignored as bulls ran through the market this week.“The long-awaited rollout of vaccination programmes provided ample bullish fodder in the face of rising US oil inventories,â€ÂÂ\x9d brokerage PVM’s Stephen Brennock said.A fall in world shares as markets confronted the risk of Britain leaving the European Union without a trade deal weighed on sentiment.“The probability of no deal is higher than of a deal,â€ÂÂ\x9d an EU official, who declined to be identified, quoted the head of the European Commission Ursula von der Leyen as saying on Friday.', 'LONDON: Oil prices eased on Friday but were set for a sixth week of gains, as the rollout of novel coronavirus vaccination programmes fed hopes that demand for fuel would rebound next year.Brent was down 19 cents or 0.4pc at $50.06 a barrel by 0946 GMT, after rising above $51 a barrel on Thursday to an early-March high. U.S. oil was down 11 cents, or 0.2pc, at $46.67 a barrel, having risen almost 3pc in the previous session.Promising vaccine trials helped lift some gloom over record increases in the number of new coronavirus infections and deaths around the world.Britain began inoculations this week and the United States could start vaccinations as early as the coming weekend, while Canada on Wednesday approved its first vaccine with initial shots due from next week.""The vaccine optimism ... seems to continue unscathed due to the back-to-back approvals vaccines are getting and the quicker-than-previously-thought rollout of the first campaigns in key markets,"" Rystad Energy analyst Paola Rodriguez-Masiu said.Outside advisers for the U.S. Food and Drug Administration have voted to endorse emergency use of Pfizer\'s vaccine, paving the way for the agency to authorise its use to inoculate a nation that has lost more than 285,000 lives to COVID-19.A big jump in U.S. crude stockpiles last week served as a reminder that there is still plenty of supply available, but it was all but ignored as bulls ran through the market this week.""The long-awaited rollout of vaccination programmes provided ample bullish fodder in the face of rising US oil inventories,"" brokerage PVM\'s Stephen Brennock said. Signs that Asian demand is strong have also encouraged the market with India\'s biggest refiner saying that all of its nine units were operating at 100pc capacity for the first time since early this year.']","['LONDON oil prices eased on friday, but were set for a sixth week of gains as progress towards novel coronavirus vaccination programmes fed hopes that demand for fuel would rebound next year.brent was down $0.18, or 0.4%, at $50.07 a barrel at 1242 GMT, after rising above $51 a barrel on thursday to an early-March high.US oil was down $0.12, or 0.3%, at $46.66 a barrel, having risen almost 3% in the previous session.promising vaccine trials have helped lift some gloom over record increases in the number of new coronavirus infections and deaths around the world.britain began inoculations this week and the united states could start vaccinations as early as the coming weekend, while canada on wednesday approved its first vaccine with initial shots due from next week.the vaccine optimism . seems to continue unscathed due to the back-to-back approvals vaccines are getting and the quicker-than-previously-thought rollout of the first campaigns in key markets, rystad energy analyst paola Rodriguez-Masiu said.outside advisers for the US food and drug administration have voted to endorse emergency use of pfizers vaccine, paving the way for the agency to authorise its use to inoculate a nation that has lost more than 285,000 lives to Covid-19.A big jump in US crude stockpiles last week served as a reminder that there is still plenty of supply available, but it was all but ignored as bulls ran through the market this week.the long-awaited rollout of vaccination programmes provided ample bullish fodder in the face of rising US oil inventories, brokerage PVMs stephen brennock said.a fall in world shares as markets confronted the risk of britain leaving the european union without a trade deal weighed on sentiment.the probability of no deal is higher than of a deal, an EU official, who declined to be identified, quoted the head of the european commission ursula von der leyen as saying on friday.', 'LONDON oil prices eased on friday but were set for a sixth week of gains, as the rollout of novel coronavirus vaccination programmes fed hopes that demand for fuel would rebound next year.brent was down 19 cents or 0.4pc at $50.06 a barrel by 0946 GMT, after rising above $51 a barrel on thursday to an early-March high. U.S. oil was down 11 cents, or 0.2pc, at $46.67 a barrel, having risen almost 3pc in the previous session.promising vaccine trials helped lift some gloom over record increases in the number of new coronavirus infections and deaths around the world.britain began inoculations this week and the united states could start vaccinations as early as the coming weekend, while canada on wednesday approved its first vaccine with initial shots due from next week.""the vaccine optimism . seems to continue unscathed due to the back-to-back approvals vaccines are getting and the quicker-than-previously-thought rollout of the first campaigns in key markets,"" rystad energy analyst paola Rodriguez-Masiu said.outside advisers for the U.S. food and drug administration have voted to endorse emergency use of pfizer vaccine, paving the way for the agency to authorise its use to inoculate a nation that has lost more than 285,000 lives to COVID-19.A big jump in U.S. crude stockpiles last week served as a reminder that there is still plenty of supply available, but it was all but ignored as bulls ran through the market this week.""the long-awaited rollout of vaccination programmes provided ample bullish fodder in the face of rising US oil inventories,"" brokerage PVM stephen brennock said. signs that asian demand is strong have also encouraged the market with india biggest refiner saying that all of its nine units were operating at 100pc capacity for the first time since early this year.']","['https://tribune.com.pk/story/2275582/oil-set-for-weekly-gain-amid-virus-vaccine-progress', 'https://www.brecorder.com/news/40040239/oil-set-for-weekly-gain-amid-coronavirus-vaccine-rollouts']","['brent, , ']","['brent was down', 'brent was down']","['neg', 'neg']",102.77,"[-1.43, -1.43]",-1.43,0,3,,-1,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The market signal is neutral, and the news sentiment, although slightly negative, does not provide a clear direction. We recommend holding the position and monitoring the market for any significant changes. It's important to exercise patience and caution in volatile market conditions.""
}"
12/14/2020,"['Stocks maintain bullish trend for third week', 'Pakistan to receive $1.5 billion from China to repay Saudi Arabia debt']","['stocks maintain bullish trend for third week', 'pakistan to receive $1.5 billion from china to repay saudi arabia debt']","['Dawn', 'Business Recorder']","['KARACHI: Bulls continued to rule at the stock market for the third week in a row with the benchmark KSE-100 index recording gains of 263 points or 0.6 per cent in the outgoing week. The index settled at 42,470 points level which was last witnessed in September.The bullish momentum, however, remained shaky for the entire week as the growing hostilities between the opposition alliance and the government took ugly turns. Most individuals and institutions thought discretion to the better part of valour and put off fresh buying to the upcoming week.The political noise was set to be at its loudest on the 13th when the opposition planned to hold a power show in Lahore. The threat of en masse resignations from the parliament also kept investors unnerved as they feared a constitutional crisis, regardless of the government putting up a bold face of holding bi-elections on the vacated seats. Although the breakout in coronavirus infection is a real threat going forward in the face of huge crowds throwing SOPs in the air.Foreign selling continued during the outgoing week clocking-in at $9.6m compared to a net sale of equites worth $30.0m the earlier week. Outflow was witnessed in commercial banks of $9.9m and OMC $1.0m worth of stocks. Among local participants, insurance companies wiped out much of the liquidity by fresh buying of $10.6m and individuals made net purchases of $2.9m.Average volume arrived at 452m shares (up by 3pc week-on-week) while average value traded settled at $123m (up by 9pc). Scrips that led the average daily volume included PRL (165.9m), TRG (162.4m), Unity (151.2m) and PIBTL (92.1m) shares.Following the release of COVID-19 vaccines, international Brent oil prices jumped to its 9-month high to close above $50 per barrel. In other positive developments, Remittances jumped 20pc year-on-year for the sixth month, amounting to Rs2.34bn, with the highest- ever daily inflows in the Roshan Digital account of $7.7m.Foreign exchange reserves swelled to $13.3bn, up by $188m during the week. Besides, the FBR registered 4pc YoY increase in number of income tax filings which stood at 1.8m; Pakistan hoping to secure $873m worth of debt servicing suspension from the Paris Club of creditor nations, total cement dispatches during Nov’20 recorded at 4.51mn tons, representing a rise of 4.19pc YoY.Sector-wise positive contributions came from refineries, cement, engineering, technology & communications, oil & gas exploration companies and commercial banks. Scrip-wise positive contributions were led by HBL, UBL and OGDC. On the flipside, major sectoral loss was observed in tobacco while scrip wise negative contributions were led by MCB Bank and Systems Ltd.Going forward, pundits thought that though nearing the September highs, the KSE-10 index still had room to rise. Uptick in international oil markets after the Covid vaccine arrived in the market, raising hopes of recovery in global economies, the underperforming oil & gas exploration and production stocks could keep market direction upwards. It could also be assisted by positive contributions from the banking sector.Healthy offtake in automobiles, pharmaceuticals and cyclicals steel and cement was thought to leave positive impact on next quarterly results. The strong value of the rupee against the dollar could lend support to the export-oriented industries and cut down on cost of productions. Having said that political uncertainties in the face of growing noise and a breakout in coronavirus cases, have the potential to upset the apple cart.Published in Dawn, December 13th, 2020', ""China has agreed to immediately provide Pakistan $1.5 billion financing line to repay the $2 billion Saudi Arabia debt. Sources in the finance ministry and the State Bank of Pakistan (SBP) told The Express Tribune that Pakistan is now set to return the $1 billion out of $2 billion. Pakistan has to pay the remaining $1 billion in January.But, the neighbor has not given the loan from its State Administration of Foreign Exchange, nor has it extended a commercial loan. Instead, the neighbors have agreed to augment the size of a 2011 bilateral Currency-Swap Agreement (CSA). The CSA was reached between the SBP and the Peoples Bank of China (PBOC) in December 2011 in order to promote bilateral trade, finance direct investment, and provide short-term liquidity support.The additional $1.5 billion Chinese loans will not reflect on the book of the federal government and it will not be treated as part of Pakistan’s external public debt. When contacted, the Ministry of Finance said these are bilateral confidential matters.In August, Pakistan repaid $1 billion of the $3 billion loans taken from Saudi Arabia. To offset the negative effects of Saudi Arabia's decision to cut funding, China had stepped in to provide Pakistan $1bn loans.In 2018, Saudi Arabia agreed to give Pakistan $3 billion in foreign currency support for a year and a further loan worth up to $3 billion in deferred payments for oil imports to help stave off a current account crisis.""]","['KARACHI bulls continued to rule at the stock market for the third week in a row with the benchmark KSE-100 index recording gains of 263 points or 0.6 per cent in the outgoing week. the index settled at 42,470 points level which was last witnessed in September.The bullish momentum, however, remained shaky for the entire week as the growing hostilities between the opposition alliance and the government took ugly turns. most individuals and institutions thought discretion to the better part of valour and put off fresh buying to the upcoming week.the political noise was set to be at its loudest on the 13th when the opposition planned to hold a power show in lahore. the threat of en masse resignations from the parliament also kept investors unnerved as they feared a constitutional crisis, regardless of the government putting up a bold face of holding bi-elections on the vacated seats. although the breakout in coronavirus infection is a real threat going forward in the face of huge crowds throwing SOPs in the air.foreign selling continued during the outgoing week clocking-in at $9.6m compared to a net sale of equites worth $30.0m the earlier week. outflow was witnessed in commercial banks of $9.9m and OMC $1.0m worth of stocks. among local participants, insurance companies wiped out much of the liquidity by fresh buying of $10.6m and individuals made net purchases of $2.9m.average volume arrived at 452m shares (up by 3pc week-on-week) while average value traded settled at $123m (up by 9pc). scrips that led the average daily volume included PRL (165.9m), TRG (162.4m), unity (151.2m) and PIBTL (92.1m) shares.following the release of COVID-19 vaccines, international brent oil prices jumped to its 9-month high to close above $50 per barrel. in other positive developments, remittances jumped 20pc year-on-year for the sixth month, amounting to rs 2.34bn, with the highest- ever daily inflows in the roshan digital account of $7.7m.foreign exchange reserves swelled to $13.3bn, up by $188m during the week. besides, the FBR registered 4pc YoY increase in number of income tax filings which stood at 1.8m pakistan hoping to secure $873m worth of debt servicing suspension from the paris club of creditor nations, total cement dispatches during nov20 recorded at 4.51mn tons, representing a rise of 4.19pc YoY.Sector-wise positive contributions came from refineries, cement, engineering, technology & communications, oil & gas exploration companies and commercial banks. Scrip-wise positive contributions were led by HBL, UBL and OGDC. on the flipside, major sectoral loss was observed in tobacco while scrip wise negative contributions were led by MCB bank and systems Ltd.Going forward, pundits thought that though nearing the september highs, the KSE-10 index still had room to rise. uptick in international oil markets after the covid vaccine arrived in the market, raising hopes of recovery in global economies, the underperforming oil & gas exploration and production stocks could keep market direction upwards. it could also be assisted by positive contributions from the banking sector.healthy offtake in automobiles, pharmaceuticals and cyclicals steel and cement was thought to leave positive impact on next quarterly results. the strong value of the rupee against the dollar could lend support to the export-oriented industries and cut down on cost of productions. having said that political uncertainties in the face of growing noise and a breakout in coronavirus cases, have the potential to upset the apple cart.', 'china has agreed to immediately provide pakistan $1.5 billion financing line to repay the $2 billion saudi arabia debt. sources in the finance ministry and the state bank of pakistan (SBP) told the express tribune that pakistan is now set to return the $1 billion out of $2 billion. pakistan has to pay the remaining $1 billion in January.But, the neighbor has not given the loan from its state administration of foreign exchange, nor has it extended a commercial loan. instead, the neighbors have agreed to augment the size of a 2011 bilateral Currency-Swap agreement (CSA). the CSA was reached between the SBP and the peoples bank of china (PBOC) in december 2011 in order to promote bilateral trade, finance direct investment, and provide short-term liquidity support.the additional $1.5 billion chinese loans will not reflect on the book of the federal government and it will not be treated as part of pakistans external public debt. when contacted, the ministry of finance said these are bilateral confidential matters.in august, pakistan repaid $1 billion of the $3 billion loans taken from saudi arabia. to offset the negative effects of saudi arabia decision to cut funding, china had stepped in to provide pakistan $1bn loans.in 2018, saudi arabia agreed to give pakistan $3 billion in foreign currency support for a year and a further loan worth up to $3 billion in deferred payments for oil imports to help stave off a current account crisis.']","['https://www.dawn.com/news/1595446/stocks-maintain-bullish-trend-for-third-week', 'https://www.brecorder.com/news/40040760/pakistan-to-receive-15-billion-from-china-to-repay-saudi-arabia-debt']","['brent, , ', 'debt, pakistan, ']","['oil prices jumped', 'china has agreed to immediately provide pakistan billion financing']","['pos', 'pos']",106.18,"[5.65, 2.45]",4.05,0,0,,-2,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""The overall news sentiment is significantly positive, indicating a bullish outlook. Although the market signal is neutral, the strong positive sentiment outweighs this signal, warranting a buy recommendation. Investors are advised to proceed with caution and capitalize on the positive market sentiment.""
}"
12/16/2020,"['Aramco may have to sell assets, borrow more to maintain Saudi dividend']","['aramco may have to sell assets, borrow more to maintain saudi dividend']",['Business Recorder'],"['DUBAI: Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market specialists said.While Saudi Arabia has increased non-oil revenues this year, Aramco still accounted for more than half its total income, and will be key to containing a budget shortfall this year forecast at 298 billion riyals ($79.4 billion), or 12% of GDP.Aramco, the world’s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.Though its profits plummeted this year as oil prices tumbled during the COVID-19 pandemic, the company is sticking to a promised $75 billion annual dividend that will go almost entirely to the government.While it is not obliged to maintain such a high payout, economists expect the firm to continue to offer the same support to state coffers next year.“They can adjust the dividend to government lower, but they are more likely to maintain or increase the $75 billion and borrow if needs be,â€Â\x9d said James Reeve, chief economist at banking firm Samba Financial Group.Aramco declined to comment.With oil prices at $50 per barrel or above, Aramco should be able to fund the $75 billion dividend and capex from operating cash flows, said Dmitry Marinchenko, senior director at Fitch.“However if oil prices are lower the committed dividend level becomes unsustainable, and Aramco would need to attract additional external debt or sell assets to fund it.â€Â\x9dFor Yousef Husseini, equity analyst at EFG Hermes, it would make sense for Aramco to do some sale and leaseback-type agreements to improve liquidity.Aramco is working with Moelis & Co on such a strategy, two sources said. Moelis also declined to comment.The company is already weighing up a more than $10 billion sale of a stake in its pipeline assets to global investors, and could sell more assets to raise cash, according to sources familiar with the matter.Aramco also issued international bonds for the second time this year, raising $8 billion.“If oil prices range around $50 per barrel, Aramco will probably need to tap the market again even if they manage to sell some of their assets,â€Â\x9d said Alberto Bigolin, head of MENA fixed income at StoneX Group.“But I think it will be able to do so quite nimbly given how tight the credit markets are.â€Â\x9dIn its 2021 budget, published this week, the government has not disclosed the projected share of oil revenue for next year. Finance Minister Mohammed al-Jadaan said as Aramco has become a public company, discussing projections would be very sensitive.Basing its estimates on a Brent price of $48 per barrel, Al Rajhi Capital said it expects government oil revenues to range from 400 to 500 billion riyals ($106.6 billion-$133.3 billion) next year, depending on Aramco’s dividends.']","['DUBAI oil giant aramco, whose dividend remains vital to helping saudi arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market specialists said.while saudi arabia has increased non-oil revenues this year, aramco still accounted for more than half its total income, and will be key to containing a budget shortfall this year forecast at 298 billion riyals ($79.4 billion), or 12% of GDP.Aramco, the worlds largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.though its profits plummeted this year as oil prices tumbled during the COVID-19 pandemic, the company is sticking to a promised $75 billion annual dividend that will go almost entirely to the government.while it is not obliged to maintain such a high payout, economists expect the firm to continue to offer the same support to state coffers next year.they can adjust the dividend to government lower, but they are more likely to maintain or increase the $75 billion and borrow if needs be, said james reeve, chief economist at banking firm samba financial Group.Aramco declined to comment.with oil prices at $50 per barrel or above, aramco should be able to fund the $75 billion dividend and capex from operating cash flows, said dmitry marinchenko, senior director at Fitch.However if oil prices are lower the committed dividend level becomes unsustainable, and aramco would need to attract additional external debt or sell assets to fund it.for yousef husseini, equity analyst at EFG hermes, it would make sense for aramco to do some sale and leaseback-type agreements to improve liquidity.aramco is working with moelis & co on such a strategy, two sources said. moelis also declined to comment.the company is already weighing up a more than $10 billion sale of a stake in its pipeline assets to global investors, and could sell more assets to raise cash, according to sources familiar with the matter.aramco also issued international bonds for the second time this year, raising $8 billion.if oil prices range around $50 per barrel, aramco will probably need to tap the market again even if they manage to sell some of their assets, said alberto bigolin, head of MENA fixed income at StoneX Group.But I think it will be able to do so quite nimbly given how tight the credit markets are.in its 2021 budget, published this week, the government has not disclosed the projected share of oil revenue for next year. finance minister mohammed al-Jadaan said as aramco has become a public company, discussing projections would be very sensitive.basing its estimates on a brent price of $48 per barrel, al rajhi capital said it expects government oil revenues to range from 400 to 500 billion riyals ($106.6 billion-$133.3 billion) next year, depending on aramcos dividends.']",['https://www.brecorder.com/news/40041820/aramco-may-have-to-sell-assets-borrow-more-to-maintain-saudi-dividend'],"['brent, , ']",['oil prices tumbled'],['neg'],108.31,[-1.63],-1.63,0,0,,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""In the absence of strong signals from both news sentiment and technical indicators, we recommend holding the position. The market signal is neutral, and technical indicators do not provide a clear direction. It's advisable to wait for clearer signals before making any trading decisions.""
}"
12/17/2020,"['Oil prices hit nine-month high after inventory draw', 'Major Gulf markets flat in early trade, Dubai extends gains', 'Aramco may have to sell assets, borrow more to maintain Saudi dividend', 'Oil hits nine-month high after inventory draw']","['oil prices hit nine-month high after inventory draw', 'major gulf markets flat in early trade, dubai extends gains', 'aramco may have to sell assets, borrow more to maintain saudi dividend', 'oil hits nine-month high after inventory draw']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune']","['SINGAPORE/LONDON: Oil climbed to a nine-month high on Thursday after government data showed a fall in U.S. crude stockpiles last week, while progress towards a U.S. fiscal stimulus deal and strong Asian demand also buoyed prices.The U.S. dollar also set a 2-1/2-year low against major rivals on Thursday. Oil prices generally rise when the dollar falls because crude priced in the greenback becomes cheaper for buyers holding other currencies. Brent crude futures was up 14 cents at $51.22 a barrel by 1110 GMT, having traded as high as $51.90.U.S. West Texas Intermediate (WTI) crude futures rose by 20 cents to $48.02 a barrel, having traded as high as $48.59. Both benchmarks hit their highest since early March.""All the headlines have been bullish for oil prices,"" said Edward Moya, senior market analyst at OANDA in New York.""U.S. stockpiles posted a larger-than-expected draw, three of India\'s refiners are operating almost at 100pc capacity, indicating crude demand remains strong, and it seems the U.S. will continue to deliver more monetary and fiscal stimulus, sending the dollar lower and most commodities higher."" U.S. crude inventories fell by 3.1 million barrels in the week to Dec. 11, the Energy Information Administration said, far more than analysts\' expectations of a 1.9-million-barrel drop.Also boosting oil prices, U.S. lawmakers edged closer to agreement on a $900 billion virus-relief spending package on Wednesday.The United States on Thursday also expanded its campaign to deliver COVID-19 vaccine shots.""It seems to be a much better festive season than most bullish traders could expect for. But whether oil prices can remain as high and keep these gains is still questionable amid the demand destruction lockdowns are causing,"" said Bjornar Tonhaugen at Rystad Energy.', ""Most major stock markets in the Gulf were little changed in early trade on Thursday, with the Dubai index on track to extend gains for a second straight session.Saudi Arabia's benchmark index gained 0.3%, with petrochemical firm Saudi Basic Industries rising 1.6%, while Al Rajhi Bank was up 0.3%.Oil prices, a key catalyst for the Gulf regions' financial markets, climbed to a nine-month high after government data showed a fall in US crude stockpiles last week, while progress towards a US fiscal stimulus deal and strong Asian demand also buoyed prices.Brent crude futures rose 72 cents, or 1.4%, to $51.80 a barrel at 0744 GMT.However, oil giant Saudi Aramco eased 0.3%.Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, Reuters reported, citing market specialists.Though its profits plummeted this year as oil prices tumbled during the COVID-19 pandemic, the company is sticking to a promised $75 billion annual dividend that will go almost entirely to the government.Dubai's main share index edged up 0.4%, with Dubai Investments and Emirates NBD Bank rising 2.1% and 0.9%, respectively.The Abu Dhabi benchmark index traded flat, with First Abu Dhabi Bank (FAB) gaining 0.2% and telecoms firm Etisalat falling 0.3%.On Wednesday, FAB, the United Arab Emirates' largest lender, announced opening of its representative office in Jakarta, Indonesia to support MENA-Indonesia trade and investment.The Qatari index was also unchanged in early trade."", 'DUBAI (Reuters) - Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market specialists said.While Saudi Arabia has increased non-oil revenues this year, Aramco still accounted for more than half its total income, and will be key to containing a budget shortfall this year forecast at 298 billion riyals ($79.4 billion), or 12% of GDP.Aramco, the world’s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.Though its profits plummeted this year as oil prices tumbled during the COVID-19 pandemic, the company is sticking to a promised $75 billion annual dividend that will go almost entirely to the government.While it is not obliged to maintain such a high payout, economists expect the firm to continue to offer the same support to state coffers next year.“They can adjust the dividend to government lower, but they are more likely to maintain or increase the $75 billion and borrow if needs be,â€Â\x9d said James Reeve, chief economist at banking firm Samba Financial Group.Aramco declined to comment.With oil prices at $50 per barrel or above, Aramco should be able to fund the $75 billion dividend and capex from operating cash flows, said Dmitry Marinchenko, senior director at Fitch.“However if oil prices are lower the committed dividend level becomes unsustainable, and Aramco would need to attract additional external debt or sell assets to fund it.â€Â\x9dFor Yousef Husseini, equity analyst at EFG Hermes, it would make sense for Aramco to do some sale and leaseback-type agreements to improve liquidity.Aramco is working with Moelis & Co on such a strategy, two sources said. Moelis also declined to comment.The company is already weighing up a more than $10 billion sale of a stake in its pipeline assets to global investors, and could sell more assets to raise cash, according to sources familiar with the matter.Aramco also issued international bonds for the second time this year, raising $8 billion.“If oil prices range around $50 per barrel, Aramco will probably need to tap the market again even if they manage to sell some of their assets,â€Â\x9d said Alberto Bigolin, head of MENA fixed income at StoneX Group.“But I think it will be able to do so quite nimbly given how tight the credit markets are.â€Â\x9dIn its 2021 budget, published this week, the government has not disclosed the projected share of oil revenue for next year. Finance Minister Mohammed al-Jadaan said as Aramco has become a public company, discussing projections would be very sensitive.Basing its estimates on a Brent price of $48 per barrel, Al Rajhi Capital said it expects government oil revenues to range from 400 to 500 billion riyals ($106.6 billion-$133.3 billion) next year, depending on Aramco’s dividends.', 'SINGAPORE/LONDON:Oil climbed to a nine-month high on Thursday after government data showed a fall in US crude stockpiles last week, while progress towards a US fiscal stimulus deal and strong Asian demand also buoyed prices.The US dollar set a 2.5-year low against major rivals on Thursday. Oil prices generally rise when the dollar falls because crude priced in the greenback becomes cheaper for buyers holding other currencies.Brent crude futures were up $0.14 at $51.22 a barrel by 1110 GMT, having traded as high as $51.90.US West Texas Intermediate (WTI) crude futures rose by $0.2 to $48.02 a barrel, having traded as high as $48.59. Both benchmarks hit their highest since early March.“All the headlines have been bullish for oil prices,â€ÂÂ\x9d said Edward Moya, senior market analyst at Oanda in New York.“US stockpiles posted a larger-than-expected draw, three of India’s refiners are operating almost at 100% capacity, indicating crude demand remains strong, and it seems the US will continue to deliver more monetary and fiscal stimulus, sending the dollar lower and most commodities higher.â€ÂÂ\x9dUS crude inventories fell by 3.1 million barrels in the week to December 11, the Energy Information Administration said, far more than analysts’ expectations of a 1.9-million-barrel drop.Also boosting oil prices, US lawmakers edged closer to agreement on a $900 billion virus relief spending package on Wednesday. The United States on Thursday also expanded its campaign to deliver Covid-19 vaccine shots.“It seems to be a much better festive season than most bullish traders could expect for. But whether oil prices can remain as high and keep these gains is still questionable amid the demand destruction lockdowns are causing,â€ÂÂ\x9d said Bjornar Tonhaugen at Rystad Energy.']","['SINGAPORE/LONDON oil climbed to a nine-month high on thursday after government data showed a fall in U.S. crude stockpiles last week, while progress towards a U.S. fiscal stimulus deal and strong asian demand also buoyed prices.the U.S. dollar also set a 2-1/2-year low against major rivals on thursday. oil prices generally rise when the dollar falls because crude priced in the greenback becomes cheaper for buyers holding other currencies. brent crude futures was up 14 cents at $51.22 a barrel by 1110 GMT, having traded as high as $51.90.U.S. west texas intermediate (WTI) crude futures rose by 20 cents to $48.02 a barrel, having traded as high as $48.59. both benchmarks hit their highest since early March.""All the headlines have been bullish for oil prices,"" said edward moya, senior market analyst at OANDA in new York.""U.S. stockpiles posted a larger-than-expected draw, three of india refiners are operating almost at 100pc capacity, indicating crude demand remains strong, and it seems the U.S. will continue to deliver more monetary and fiscal stimulus, sending the dollar lower and most commodities higher."" U.S. crude inventories fell by 3.1 million barrels in the week to dec. 11, the energy information administration said, far more than analysts\' expectations of a 1.9-million-barrel drop.also boosting oil prices, U.S. lawmakers edged closer to agreement on a $900 billion virus-relief spending package on Wednesday.The united states on thursday also expanded its campaign to deliver COVID-19 vaccine shots.""it seems to be a much better festive season than most bullish traders could expect for. but whether oil prices can remain as high and keep these gains is still questionable amid the demand destruction lockdowns are causing,"" said bjornar tonhaugen at rystad energy.', ""most major stock markets in the gulf were little changed in early trade on thursday, with the dubai index on track to extend gains for a second straight session.saudi arabia benchmark index gained 0.3%, with petrochemical firm saudi basic industries rising 1.6%, while al rajhi bank was up 0.3%.oil prices, a key catalyst for the gulf regions' financial markets, climbed to a nine-month high after government data showed a fall in US crude stockpiles last week, while progress towards a US fiscal stimulus deal and strong asian demand also buoyed prices.brent crude futures rose 72 cents, or 1.4%, to $51.80 a barrel at 0744 GMT.However, oil giant saudi aramco eased 0.3%.aramco, whose dividend remains vital to helping saudi arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, reuters reported, citing market specialists.though its profits plummeted this year as oil prices tumbled during the COVID-19 pandemic, the company is sticking to a promised $75 billion annual dividend that will go almost entirely to the government.dubai main share index edged up 0.4%, with dubai investments and emirates NBD bank rising 2.1% and 0.9%, respectively.the abu dhabi benchmark index traded flat, with first abu dhabi bank (FAB) gaining 0.2% and telecoms firm etisalat falling 0.3%.on wednesday, FAB, the united arab emirates' largest lender, announced opening of its representative office in jakarta, indonesia to support MENA-Indonesia trade and investment.the qatari index was also unchanged in early trade."", 'DUBAI (Reuters) - oil giant aramco, whose dividend remains vital to helping saudi arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market specialists said.while saudi arabia has increased non-oil revenues this year, aramco still accounted for more than half its total income, and will be key to containing a budget shortfall this year forecast at 298 billion riyals ($79.4 billion), or 12% of GDP.Aramco, the worlds largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.though its profits plummeted this year as oil prices tumbled during the COVID-19 pandemic, the company is sticking to a promised $75 billion annual dividend that will go almost entirely to the government.while it is not obliged to maintain such a high payout, economists expect the firm to continue to offer the same support to state coffers next year.they can adjust the dividend to government lower, but they are more likely to maintain or increase the $75 billion and borrow if needs be, said james reeve, chief economist at banking firm samba financial Group.Aramco declined to comment.with oil prices at $50 per barrel or above, aramco should be able to fund the $75 billion dividend and capex from operating cash flows, said dmitry marinchenko, senior director at Fitch.However if oil prices are lower the committed dividend level becomes unsustainable, and aramco would need to attract additional external debt or sell assets to fund it.for yousef husseini, equity analyst at EFG hermes, it would make sense for aramco to do some sale and leaseback-type agreements to improve liquidity.aramco is working with moelis & co on such a strategy, two sources said. moelis also declined to comment.the company is already weighing up a more than $10 billion sale of a stake in its pipeline assets to global investors, and could sell more assets to raise cash, according to sources familiar with the matter.aramco also issued international bonds for the second time this year, raising $8 billion.if oil prices range around $50 per barrel, aramco will probably need to tap the market again even if they manage to sell some of their assets, said alberto bigolin, head of MENA fixed income at StoneX Group.But I think it will be able to do so quite nimbly given how tight the credit markets are.in its 2021 budget, published this week, the government has not disclosed the projected share of oil revenue for next year. finance minister mohammed al-Jadaan said as aramco has become a public company, discussing projections would be very sensitive.basing its estimates on a brent price of $48 per barrel, al rajhi capital said it expects government oil revenues to range from 400 to 500 billion riyals ($106.6 billion-$133.3 billion) next year, depending on aramcos dividends.', 'SINGAPORE/LONDON oil climbed to a nine-month high on thursday after government data showed a fall in US crude stockpiles last week, while progress towards a US fiscal stimulus deal and strong asian demand also buoyed prices.the US dollar set a 2.5-year low against major rivals on thursday. oil prices generally rise when the dollar falls because crude priced in the greenback becomes cheaper for buyers holding other currencies.brent crude futures were up $0.14 at $51.22 a barrel by 1110 GMT, having traded as high as $51.90.US west texas intermediate (WTI) crude futures rose by $0.2 to $48.02 a barrel, having traded as high as $48.59. both benchmarks hit their highest since early March.All the headlines have been bullish for oil prices, said edward moya, senior market analyst at oanda in new York.US stockpiles posted a larger-than-expected draw, three of indias refiners are operating almost at 100% capacity, indicating crude demand remains strong, and it seems the US will continue to deliver more monetary and fiscal stimulus, sending the dollar lower and most commodities higher.US crude inventories fell by 3.1 million barrels in the week to december 11, the energy information administration said, far more than analysts expectations of a 1.9-million-barrel drop.also boosting oil prices, US lawmakers edged closer to agreement on a $900 billion virus relief spending package on wednesday. the united states on thursday also expanded its campaign to deliver Covid-19 vaccine shots.it seems to be a much better festive season than most bullish traders could expect for. but whether oil prices can remain as high and keep these gains is still questionable amid the demand destruction lockdowns are causing, said bjornar tonhaugen at rystad energy.']","['https://www.brecorder.com/news/40042189/oil-prices-hit-nine-month-high-after-inventory-draw', 'https://www.brecorder.com/news/40042142/major-gulf-markets-flat-in-early-trade-dubai-extends-gains', 'https://www.brecorder.com/news/40042112/aramco-may-have-to-sell-assets-borrow-more-to-maintain-saudi-dividend', 'https://tribune.com.pk/story/2276366/oil-hits-nine-month-high-after-inventory-draw']","['brent, , ']","['bullish for oil', 'oil prices tumbled', 'oil prices tumbled', 'bullish for oil']","['pos', 'neg', 'neg', 'pos']",110.08,"[4.79, -1.63, -1.63, 4.79]",1.58,0,0,,-1,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""The news sentiment is positive, suggesting a potential buying opportunity. Although the market signal is neutral, investors may consider taking a long position based on the positive news impact. It's important to monitor the market closely for further developments.""
}"
12/21/2020,"['Oil prices skid as new coronavirus strain fuels demand concerns', 'Oil prices skid as new coronavirus strain fuels demand concerns', 'Oil prices skid as new coronavirus strain fuels demand concerns', 'Oil prices skid as new coronavirus strain fuels demand concerns', 'Market watch: Bears hold sway as PSX dives 407 points', 'TSX falls as energy stocks plunge on coronavirus concerns', 'TSX falls as energy stocks plunge on coronavirus concerns', 'Oil falls $3 as new virus strain prompts demand worries', 'Oil falls $3 as new virus strain prompts demand worries']","['oil prices skid as new coronavirus strain fuels demand concerns', 'oil prices skid as new coronavirus strain fuels demand concerns', 'oil prices skid as new coronavirus strain fuels demand concerns', 'oil prices skid as new coronavirus strain fuels demand concerns', 'market watch bears hold sway as PSX dives 407 points', 'TSX falls as energy stocks plunge on coronavirus concerns', 'TSX falls as energy stocks plunge on coronavirus concerns', 'oil falls $3 as new virus strain prompts demand worries', 'oil falls $3 as new virus strain prompts demand worries']","['Dawn', 'Dawn', 'Tribune', 'Tribune', 'Tribune', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune']","[""Oil prices dropped about three per cent on Monday as a fast-spreading new coronavirus strain that has shut down much of the United Kingdom fuelled worries over a slower recovery in fuel demand amid tighter restrictions in Europe.Brent crude slid $1.54, or three per cent, to $50.72 a barrel by 0510 GMT after rising 1.5pc and touching its highest since March last Friday.Explainer: Do new coronavirus strains pose concern for vaccines? US West Texas Intermediate (WTI) crude was down $1.42, or 2.9pc, to $47.68 a barrel after also climbing 1.5pc on Friday to its highest level since February.Monday's declines came after oil prices marked seven straight weeks of gains last week as investors focused on the rollout of Covid-19 vaccines.“A tougher lockdown in Britain to fight a new strain of coronavirus and travel restrictions in other European countries led funds to unwind their long positions,â€ÂÂ\x9d said Chiyoki Chen, chief analyst at Sunward Trading, adding that concern over dragging Brexit talks also dented market sentiment.“Brent may fall below $50 a barrel and WTI may drop below $45 this week as investors want to adjust positions ahead of Christmas holidays,â€ÂÂ\x9d Chen said.British Prime Minister Boris Johnson will chair an emergency response meeting on Monday to discuss international travel and the flow of freight in and out of Britain as Covid-19 cases surged by a record number for one day.The headache comes as Johnson also seeks to hammer out a final accord on Brexit.The variant, which officials say is up to 70pc more transmissible than the original, also prompted concerns about a wider spread, forcing several European countries to begin closing their doors to travellers from the United Kingdom.With progress in vaccine rollouts, money managers had raised their net long US crude futures and options positions in the week to December 15, according to the US Commodity Futures Trading Commission (CFTC).“The oil market has been on a bull trend in the past month or so, ignoring negative factors, amid an optimism that a widening vaccine rollout would revive global growth, but investors' rosy expectations for 2021 have suddenly vanished due to a new variant of the virus,â€ÂÂ\x9d said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co.The negative sentiment also overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package.Adding to pressure, the oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to December 18, the highest since May, Baker Hughes said on Friday, as producers keep returning to the wellpad with crude prices trading above $45 a barrel since late November.Meanwhile, Russian Deputy Prime Minister Alexander Novak said on Saturday that global oil demand was still between 6 and 7 million barrels per day (bpd) below pre-crisis levels."", ""Oil prices dropped about three per cent on Monday as a fast-spreading new coronavirus strain that has shut down much of the United Kingdom fuelled worries over a slower recovery in fuel demand amid tighter restrictions in Europe.Brent crude slid $1.54, or three per cent, to $50.72 a barrel by 0510 GMT after rising 1.5pc and touching its highest since March last Friday.Explainer: Do new coronavirus strains pose concern for vaccines? US West Texas Intermediate (WTI) crude was down $1.42, or 2.9pc, to $47.68 a barrel after also climbing 1.5pc on Friday to its highest level since February.Monday's declines came after oil prices marked seven straight weeks of gains last week as investors focused on the rollout of Covid-19 vaccines.“A tougher lockdown in Britain to fight a new strain of coronavirus and travel restrictions in other European countries led funds to unwind their long positions,â€ÂÂ\x9d said Chiyoki Chen, chief analyst at Sunward Trading, adding that concern over dragging Brexit talks also dented market sentiment.“Brent may fall below $50 a barrel and WTI may drop below $45 this week as investors want to adjust positions ahead of Christmas holidays,â€ÂÂ\x9d Chen said.British Prime Minister Boris Johnson will chair an emergency response meeting on Monday to discuss international travel and the flow of freight in and out of Britain as Covid-19 cases surged by a record number for one day.The headache comes as Johnson also seeks to hammer out a final accord on Brexit.The variant, which officials say is up to 70pc more transmissible than the original, also prompted concerns about a wider spread, forcing several European countries to begin closing their doors to travellers from the United Kingdom.With progress in vaccine rollouts, money managers had raised their net long US crude futures and options positions in the week to December 15, according to the US Commodity Futures Trading Commission (CFTC).“The oil market has been on a bull trend in the past month or so, ignoring negative factors, amid an optimism that a widening vaccine rollout would revive global growth, but investors' rosy expectations for 2021 have suddenly vanished due to a new variant of the virus,â€ÂÂ\x9d said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co.The negative sentiment also overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package.Adding to pressure, the oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to December 18, the highest since May, Baker Hughes said on Friday, as producers keep returning to the wellpad with crude prices trading above $45 a barrel since late November.Meanwhile, Russian Deputy Prime Minister Alexander Novak said on Saturday that global oil demand was still between 6 and 7 million barrels per day (bpd) below pre-crisis levels."", 'TOKYO:Oil prices dropped about 3% on Monday as a fast-spreading new coronavirus strain that has shut down much of the United Kingdom fuelled worries over a slower recovery in fuel demand amid tighter restrictions in Europe.Brent crude slid $1.54, or 3.0%, to $50.72 a barrel by 0510 GMT after rising 1.5% and touching its highest since March last Friday.US West Texas Intermediate (WTI) crude was down $1.42, or 2.9%, to $47.68 a barrel after also climbing 1.5% on Friday to its highest level since February.Monday’s declines came after oil prices marked seven straight weeks of gains last week as investors focused on the rollout of Covid-19 vaccines.“A tougher lockdown in Britain to fight a new strain of coronavirus and travel restrictions in other European countries led funds to unwind their long positions,â€ÂÂ\x9d said Chiyoki Chen, chief analyst at Sunward Trading, adding concern over dragging Brexit talks also dented market sentiment.“Brent may fall below $50 a barrel and WTI may drop below $45 this week as investors want to adjust positions ahead of Christmas holidays,â€ÂÂ\x9d Chen said.British Prime Minister Boris Johnson will chair an emergency response meeting on Monday to discuss international travel and the flow of freight in and out of Britain as Covid-19 cases surged by a record number for one day. The headache comes as Johnson also seeks to hammer out a final accord on Brexit.The variant, which officials say is up to 70% more transmissible than the original, also prompted concerns about a wider spread, forcing several European countries to begin closing their doors to travellers from the United Kingdom.With progress in vaccine rollouts, money managers had raised their net long US crude futures and options positions in the week to Dec 15, according to the US Commodity Futures Trading Commission (CFTC).“The oil market has been on a bull trend in the past month or so, ignoring negative factors, amid an optimism that a widening vaccine rollout would revive global growth, but investors’ rosy expectations for 2021 have suddenly vanished due to a new variant of the virus,â€ÂÂ\x9d said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co.The negative sentiment also overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package.Adding to pressure, the oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to Dec. 18, the highest since May, Baker Hughes said on Friday, as producers keep returning to the wellpad with crude prices trading above $45 a barrel since late November.Meanwhile, Russian Deputy Prime Minister Alexander Novak said on Saturday that global oil demand was still between 6 and 7 million barrels per day (bpd) below pre-crisis levels.', 'TOKYO:Oil prices dropped about 3% on Monday as a fast-spreading new coronavirus strain that has shut down much of the United Kingdom fuelled worries over a slower recovery in fuel demand amid tighter restrictions in Europe.Brent crude slid $1.54, or 3.0%, to $50.72 a barrel by 0510 GMT after rising 1.5% and touching its highest since March last Friday.US West Texas Intermediate (WTI) crude was down $1.42, or 2.9%, to $47.68 a barrel after also climbing 1.5% on Friday to its highest level since February.Monday’s declines came after oil prices marked seven straight weeks of gains last week as investors focused on the rollout of Covid-19 vaccines.“A tougher lockdown in Britain to fight a new strain of coronavirus and travel restrictions in other European countries led funds to unwind their long positions,â€ÂÂ\x9d said Chiyoki Chen, chief analyst at Sunward Trading, adding concern over dragging Brexit talks also dented market sentiment.“Brent may fall below $50 a barrel and WTI may drop below $45 this week as investors want to adjust positions ahead of Christmas holidays,â€ÂÂ\x9d Chen said.British Prime Minister Boris Johnson will chair an emergency response meeting on Monday to discuss international travel and the flow of freight in and out of Britain as Covid-19 cases surged by a record number for one day. The headache comes as Johnson also seeks to hammer out a final accord on Brexit.The variant, which officials say is up to 70% more transmissible than the original, also prompted concerns about a wider spread, forcing several European countries to begin closing their doors to travellers from the United Kingdom.With progress in vaccine rollouts, money managers had raised their net long US crude futures and options positions in the week to Dec 15, according to the US Commodity Futures Trading Commission (CFTC).“The oil market has been on a bull trend in the past month or so, ignoring negative factors, amid an optimism that a widening vaccine rollout would revive global growth, but investors’ rosy expectations for 2021 have suddenly vanished due to a new variant of the virus,â€ÂÂ\x9d said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co.The negative sentiment also overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package.Adding to pressure, the oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to Dec. 18, the highest since May, Baker Hughes said on Friday, as producers keep returning to the wellpad with crude prices trading above $45 a barrel since late November.Meanwhile, Russian Deputy Prime Minister Alexander Novak said on Saturday that global oil demand was still between 6 and 7 million barrels per day (bpd) below pre-crisis levels.', 'KARACHI:The stock market gave in to bearish pressure on Monday as the benchmark KSE-100 index dived over 400 points owing to weak cues coupled with the economic headwinds faced globally.Weakening oil prices in the international market coupled with rising coronavirus cases fuelled the bearish momentum at the opening of rollover week.Oil prices tumbled more than $3 before trimming losses as a fast-spreading new coronavirus strain that had led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand.The benchmark index opened down and despite brief spikes it maintained its march towards south. The downward trend turned steeper towards the end of the session. Nevertheless, the bourse managed to sustain the 43,000-point mark.At close, the benchmark KSE-100 index recorded a decrease of 406.80 points, or 0.93%, to settle at 43,333.76 points.Arif Habib Limited, in its report, stated that the first day of rollover week faced the impact of weakening international crude oil prices, which fell over 5% during the trading session due to lockdown fears in developed countries.“Stocks that were subject to rollover largely performed well against main board stocks,â€ÂÂ\x9d it said.The exploration and production sector remained under heavy selling pressure, followed by banking and cement sectors, primarily due to profit-booking as observed on Friday when the index virtually touched the base with the 44,000-point mark.Sectors contributing to the performance included exploration and production (-178 points), banks (-92 points), cement (-45 points), fertiliser (-36 points) and auto (-23 points).Individually, stocks that contributed positively to the index included Pakistan Tobacco Company (+14 points), Services Industries (+14 points), Fauji Fertiliser (+9 points), TRG Pakistan (+9 points) and Kohinoor Textile Mills (+8 points).Stocks that contributed negatively included Oil and Gas Development Company (-69 points), Pakistan Petroleum (-60 points), HBL (-33 points), Engro Corporation (-32 points) and Pakistan Oilfields (-31 points).JS Global analyst Muhammad Mubashir said the rollover week triggered profit-taking and the index closed the session at 43,334, down 407 points. “Investors booked profit on the higher side.â€ÂÂ\x9dVolumes stood at 516 million shares. TRG Pakistan (+1.1%), WorldCall Telecom (+8.3%), Pakistan Refinery (+4%), Unity Foods (-1.6%) and Avanceon (+6%) led the volumes.Major pressure was witnessed in the cement and refinery sectors. The steel sector remained in the limelight on the back of expected price increase by domestic manufacturers.In the sector, International Industries (+2.6%), Aisha Steel Mills (+2.2%), Mughal Iron and Steel (+7.5%) and International Steels (+1.3%) closed in the green.“Moving forward, we expect the market to remain bullish and recommend investors to buy on dips,â€ÂÂ\x9d the analyst said.Overall, trading volumes surged to 516.5 million shares compared with Friday’s tally of 482.6 million. The value of shares traded during the day was Rs22.5 billion.Shares of 404 companies were traded. At the end of the day, 154 stocks closed higher, 224 declined and 26 remained unchanged.WorldCall Telecom was the volume leader with 36.6 million shares, gaining Rs0.09 to close at Rs1.17. It was followed by TRG Pakistan with 35.2 million shares, gaining Rs0.85 to close at Rs75.71 and Invest Capital Investment Bank with 31 million shares, gaining Rs0.99 to close at Rs3.10.Foreign institutional investors were net sellers of Rs733.1 million worth of shares during the trading session, according to data compiled by the National Clearing Company of Pakistan.', ""Energy stocks dragged Canada's main stock index on Monday after oil prices tumbled on concerns that tighter coronavirus-led restrictions in Europe would lead to a slower fuel-demand recovery.The energy sector plunged 3.7%, as both US crude and Brent crude fell about 4.2%.At 9:40 a.m. ET (1440 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 159.54 points, or 0.91%, at 17,375.0, hitting its lowest level in nearly three weeks.Oil producer Vermilion Energy Inc fell 6.8%, the most on the TSX, and the second biggest decliner was airlines Air Canada, down 6.8%.The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.2% as gold futures slipped.On the TSX, 45 issues were higher, while 174 issues declined for a 3.87-to-1 ratio to the downside, with 21.40 million shares traded.The largest percentage gainer on the TSX was Great Canadian Gaming Corp, which jumped 17%, after the casino operator agreed to be acquired by a fund managed by an affiliate of Apollo Global Management for an increased purchase price.Its gains were followed by gold miner New Gold Inc , which rose 2.8%.The most heavily traded shares by volume were Baytex Energy Co, Air Canada and Suncor Energy Inc .The TSX posted no new 52-week high and no new low.Across all Canadian issues there were 18 new 52-week highs and three new lows, with total volume of 54.19 million shares."", ""Energy stocks dragged Canada's main stock index on Monday after oil prices tumbled on concerns that tighter coronavirus-led restrictions in Europe would lead to a slower fuel-demand recovery.The energy sector plunged 3.7%, as both US crude and Brent crude fell about 4.2%.At 9:40 a.m. ET (1440 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 159.54 points, or 0.91%, at 17,375.0, hitting its lowest level in nearly three weeks.Oil producer Vermilion Energy Inc fell 6.8%, the most on the TSX, and the second biggest decliner was airlines Air Canada, down 6.8%.The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.2% as gold futures slipped.On the TSX, 45 issues were higher, while 174 issues declined for a 3.87-to-1 ratio to the downside, with 21.40 million shares traded.The largest percentage gainer on the TSX was Great Canadian Gaming Corp, which jumped 17%, after the casino operator agreed to be acquired by a fund managed by an affiliate of Apollo Global Management for an increased purchase price.Its gains were followed by gold miner New Gold Inc , which rose 2.8%.The most heavily traded shares by volume were Baytex Energy Co, Air Canada and Suncor Energy Inc .The TSX posted no new 52-week high and no new low.Across all Canadian issues there were 18 new 52-week highs and three new lows, with total volume of 54.19 million shares."", 'LONDON: Oil prices tumbled by more than $3 on Monday before trimming losses as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand.Brent crude was down $1.83, or 3.5%, to $50.43 a barrel by 1209 GMT while US West Texas Intermediate (WTI) crude was down $1.70, or 3.5%, to $47.40 a barrel.Both contracts fell more than $3 earlier in the session.""Reports of a new strain of the coronavirus has weighed on risk sentiment and oil. New mobility restrictions across Europe are also not helping as European oil demand will suffer,"" said UBS oil analyst Giovanni Staunovo.""Investors need to be mindful that the road to higher oil demand and prices will remain bumpy,"" he added.Brent climbed above $50 last week for the first time since March amid optimism stemming from the rollouts of COVID-19 vaccines.But a new COVID-19 strain, said to be up to 70% more transmissible than the original, has led European countries, Israel and Canada to shut their borders with the UK. Hong Kong and India said they would suspend flights from Britain.The new virus strain has already been detected in Australia, Netherlands and Italy.""The message is clear: oil prices are still very much and will continue to be at the mercy of the pandemic,"" said Stephen Brennock of oil broker PVM.The negative sentiment completely overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package, and the rollout of a new vaccine in the United States on Saturday.Adding to pressure, the U.S oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to Dec. 18, the highest since May, Baker Hughes said, reflecting crude prices that have traded above $45 a barrel since late November.', 'LONDON:Oil prices tumbled by more than $3 on Monday before trimming losses as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand.Brent crude was down $1.83, or 3.5%, to $50.43 a barrel by 1209 GMT while US West Texas Intermediate (WTI) crude was down $1.70, or 3.5%, to $47.40 a barrel. Both contracts fell more than $3 earlier in the session.“Reports of a new strain of the coronavirus have weighed on risk sentiment and oil. New mobility restrictions across Europe are also not helping as European oil demand will suffer,â€ÂÂ\x9d said UBS oil analyst Giovanni Staunovo.“Investors need to be mindful that the road to higher oil demand and prices will remain bumpy,â€ÂÂ\x9d he added.Brent climbed above $50 last week for the first time since March amid optimism stemming from the rollout of Covid-19 vaccines.But a new Covid-19 strain, said to be up to 70% more transmissible than the original, has led European countries and Canada to shut their borders with the UK. Hong Kong and India said they would suspend flights from Britain.The new virus strain has already been detected in Australia, the Netherlands and Italy.“The message is clear: oil prices are still very much and will continue to be at the mercy of the pandemic,â€ÂÂ\x9d said Stephen Brennock of oil broker PVM.The negative sentiment completely overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package, and the rollout of a new vaccine in the United States on Saturday.Adding to pressure, the US oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to December 18, the highest since May, Baker Hughes said, reflecting crude prices that have traded above $45 a barrel since late November.']","[""oil prices dropped about three per cent on monday as a fast-spreading new coronavirus strain that has shut down much of the united kingdom fuelled worries over a slower recovery in fuel demand amid tighter restrictions in Europe.Brent crude slid $1.54, or three per cent, to $50.72 a barrel by 0510 GMT after rising 1.5pc and touching its highest since march last Friday.Explainer do new coronavirus strains pose concern for vaccines? US west texas intermediate (WTI) crude was down $1.42, or 2.9pc, to $47.68 a barrel after also climbing 1.5pc on friday to its highest level since February.Monday declines came after oil prices marked seven straight weeks of gains last week as investors focused on the rollout of Covid-19 vaccines.a tougher lockdown in britain to fight a new strain of coronavirus and travel restrictions in other european countries led funds to unwind their long positions, said chiyoki chen, chief analyst at sunward trading, adding that concern over dragging brexit talks also dented market sentiment.brent may fall below $50 a barrel and WTI may drop below $45 this week as investors want to adjust positions ahead of christmas holidays, chen said.british prime minister boris johnson will chair an emergency response meeting on monday to discuss international travel and the flow of freight in and out of britain as Covid-19 cases surged by a record number for one day.the headache comes as johnson also seeks to hammer out a final accord on Brexit.The variant, which officials say is up to 70pc more transmissible than the original, also prompted concerns about a wider spread, forcing several european countries to begin closing their doors to travellers from the united Kingdom.With progress in vaccine rollouts, money managers had raised their net long US crude futures and options positions in the week to december 15, according to the US commodity futures trading commission (CFTC).The oil market has been on a bull trend in the past month or so, ignoring negative factors, amid an optimism that a widening vaccine rollout would revive global growth, but investors' rosy expectations for 2021 have suddenly vanished due to a new variant of the virus, said kazuhiko saito, chief analyst at commodities broker fujitomi Co.The negative sentiment also overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package.adding to pressure, the oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to december 18, the highest since may, baker hughes said on friday, as producers keep returning to the wellpad with crude prices trading above $45 a barrel since late November.Meanwhile, russian deputy prime minister alexander novak said on saturday that global oil demand was still between 6 and 7 million barrels per day (bpd) below pre-crisis levels."", ""oil prices dropped about three per cent on monday as a fast-spreading new coronavirus strain that has shut down much of the united kingdom fuelled worries over a slower recovery in fuel demand amid tighter restrictions in Europe.Brent crude slid $1.54, or three per cent, to $50.72 a barrel by 0510 GMT after rising 1.5pc and touching its highest since march last Friday.Explainer do new coronavirus strains pose concern for vaccines? US west texas intermediate (WTI) crude was down $1.42, or 2.9pc, to $47.68 a barrel after also climbing 1.5pc on friday to its highest level since February.Monday declines came after oil prices marked seven straight weeks of gains last week as investors focused on the rollout of Covid-19 vaccines.a tougher lockdown in britain to fight a new strain of coronavirus and travel restrictions in other european countries led funds to unwind their long positions, said chiyoki chen, chief analyst at sunward trading, adding that concern over dragging brexit talks also dented market sentiment.brent may fall below $50 a barrel and WTI may drop below $45 this week as investors want to adjust positions ahead of christmas holidays, chen said.british prime minister boris johnson will chair an emergency response meeting on monday to discuss international travel and the flow of freight in and out of britain as Covid-19 cases surged by a record number for one day.the headache comes as johnson also seeks to hammer out a final accord on Brexit.The variant, which officials say is up to 70pc more transmissible than the original, also prompted concerns about a wider spread, forcing several european countries to begin closing their doors to travellers from the united Kingdom.With progress in vaccine rollouts, money managers had raised their net long US crude futures and options positions in the week to december 15, according to the US commodity futures trading commission (CFTC).The oil market has been on a bull trend in the past month or so, ignoring negative factors, amid an optimism that a widening vaccine rollout would revive global growth, but investors' rosy expectations for 2021 have suddenly vanished due to a new variant of the virus, said kazuhiko saito, chief analyst at commodities broker fujitomi Co.The negative sentiment also overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package.adding to pressure, the oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to december 18, the highest since may, baker hughes said on friday, as producers keep returning to the wellpad with crude prices trading above $45 a barrel since late November.Meanwhile, russian deputy prime minister alexander novak said on saturday that global oil demand was still between 6 and 7 million barrels per day (bpd) below pre-crisis levels."", 'TOKYO oil prices dropped about 3% on monday as a fast-spreading new coronavirus strain that has shut down much of the united kingdom fuelled worries over a slower recovery in fuel demand amid tighter restrictions in Europe.Brent crude slid $1.54, or 3.0%, to $50.72 a barrel by 0510 GMT after rising 1.5% and touching its highest since march last Friday.US west texas intermediate (WTI) crude was down $1.42, or 2.9%, to $47.68 a barrel after also climbing 1.5% on friday to its highest level since February.Mondays declines came after oil prices marked seven straight weeks of gains last week as investors focused on the rollout of Covid-19 vaccines.a tougher lockdown in britain to fight a new strain of coronavirus and travel restrictions in other european countries led funds to unwind their long positions, said chiyoki chen, chief analyst at sunward trading, adding concern over dragging brexit talks also dented market sentiment.brent may fall below $50 a barrel and WTI may drop below $45 this week as investors want to adjust positions ahead of christmas holidays, chen said.british prime minister boris johnson will chair an emergency response meeting on monday to discuss international travel and the flow of freight in and out of britain as Covid-19 cases surged by a record number for one day. the headache comes as johnson also seeks to hammer out a final accord on Brexit.The variant, which officials say is up to 70% more transmissible than the original, also prompted concerns about a wider spread, forcing several european countries to begin closing their doors to travellers from the united Kingdom.With progress in vaccine rollouts, money managers had raised their net long US crude futures and options positions in the week to dec 15, according to the US commodity futures trading commission (CFTC).The oil market has been on a bull trend in the past month or so, ignoring negative factors, amid an optimism that a widening vaccine rollout would revive global growth, but investors rosy expectations for 2021 have suddenly vanished due to a new variant of the virus, said kazuhiko saito, chief analyst at commodities broker fujitomi Co.The negative sentiment also overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package.adding to pressure, the oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to dec. 18, the highest since may, baker hughes said on friday, as producers keep returning to the wellpad with crude prices trading above $45 a barrel since late November.Meanwhile, russian deputy prime minister alexander novak said on saturday that global oil demand was still between 6 and 7 million barrels per day (bpd) below pre-crisis levels.', 'TOKYO oil prices dropped about 3% on monday as a fast-spreading new coronavirus strain that has shut down much of the united kingdom fuelled worries over a slower recovery in fuel demand amid tighter restrictions in Europe.Brent crude slid $1.54, or 3.0%, to $50.72 a barrel by 0510 GMT after rising 1.5% and touching its highest since march last Friday.US west texas intermediate (WTI) crude was down $1.42, or 2.9%, to $47.68 a barrel after also climbing 1.5% on friday to its highest level since February.Mondays declines came after oil prices marked seven straight weeks of gains last week as investors focused on the rollout of Covid-19 vaccines.a tougher lockdown in britain to fight a new strain of coronavirus and travel restrictions in other european countries led funds to unwind their long positions, said chiyoki chen, chief analyst at sunward trading, adding concern over dragging brexit talks also dented market sentiment.brent may fall below $50 a barrel and WTI may drop below $45 this week as investors want to adjust positions ahead of christmas holidays, chen said.british prime minister boris johnson will chair an emergency response meeting on monday to discuss international travel and the flow of freight in and out of britain as Covid-19 cases surged by a record number for one day. the headache comes as johnson also seeks to hammer out a final accord on Brexit.The variant, which officials say is up to 70% more transmissible than the original, also prompted concerns about a wider spread, forcing several european countries to begin closing their doors to travellers from the united Kingdom.With progress in vaccine rollouts, money managers had raised their net long US crude futures and options positions in the week to dec 15, according to the US commodity futures trading commission (CFTC).The oil market has been on a bull trend in the past month or so, ignoring negative factors, amid an optimism that a widening vaccine rollout would revive global growth, but investors rosy expectations for 2021 have suddenly vanished due to a new variant of the virus, said kazuhiko saito, chief analyst at commodities broker fujitomi Co.The negative sentiment also overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package.adding to pressure, the oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to dec. 18, the highest since may, baker hughes said on friday, as producers keep returning to the wellpad with crude prices trading above $45 a barrel since late November.Meanwhile, russian deputy prime minister alexander novak said on saturday that global oil demand was still between 6 and 7 million barrels per day (bpd) below pre-crisis levels.', 'KARACHI the stock market gave in to bearish pressure on monday as the benchmark KSE-100 index dived over 400 points owing to weak cues coupled with the economic headwinds faced globally.weakening oil prices in the international market coupled with rising coronavirus cases fuelled the bearish momentum at the opening of rollover week.oil prices tumbled more than $3 before trimming losses as a fast-spreading new coronavirus strain that had led to tighter restrictions in europe sparked worries about a slower recovery in fuel demand.the benchmark index opened down and despite brief spikes it maintained its march towards south. the downward trend turned steeper towards the end of the session. nevertheless, the bourse managed to sustain the 43,000-point mark.at close, the benchmark KSE-100 index recorded a decrease of 406.80 points, or 0.93%, to settle at 43,333.76 points.arif habib limited, in its report, stated that the first day of rollover week faced the impact of weakening international crude oil prices, which fell over 5% during the trading session due to lockdown fears in developed countries.stocks that were subject to rollover largely performed well against main board stocks, it said.the exploration and production sector remained under heavy selling pressure, followed by banking and cement sectors, primarily due to profit-booking as observed on friday when the index virtually touched the base with the 44,000-point mark.sectors contributing to the performance included exploration and production (-178 points), banks (-92 points), cement (-45 points), fertiliser (-36 points) and auto (-23 points).individually, stocks that contributed positively to the index included pakistan tobacco company (+14 points), services industries (+14 points), fauji fertiliser (+9 points), TRG pakistan (+9 points) and kohinoor textile mills (+8 points).stocks that contributed negatively included oil and gas development company (-69 points), pakistan petroleum (-60 points), HBL (-33 points), engro corporation (-32 points) and pakistan oilfields (-31 points).JS global analyst muhammad mubashir said the rollover week triggered profit-taking and the index closed the session at 43,334, down 407 points. investors booked profit on the higher side.volumes stood at 516 million shares. TRG pakistan (+1.1%), WorldCall telecom (+8.3%), pakistan refinery (+4%), unity foods (-1.6%) and avanceon (+6%) led the volumes.major pressure was witnessed in the cement and refinery sectors. the steel sector remained in the limelight on the back of expected price increase by domestic manufacturers.in the sector, international industries (+2.6%), aisha steel mills (+2.2%), mughal iron and steel (+7.5%) and international steels (+1.3%) closed in the green.moving forward, we expect the market to remain bullish and recommend investors to buy on dips, the analyst said.overall, trading volumes surged to 516.5 million shares compared with fridays tally of 482.6 million. the value of shares traded during the day was rs 22.5 billion.shares of 404 companies were traded. at the end of the day, 154 stocks closed higher, 224 declined and 26 remained unchanged.WorldCall telecom was the volume leader with 36.6 million shares, gaining rs 0.09 to close at rs 1.17. it was followed by TRG pakistan with 35.2 million shares, gaining rs 0.85 to close at rs 75.71 and invest capital investment bank with 31 million shares, gaining rs 0.99 to close at rs 3.10.foreign institutional investors were net sellers of rs 733.1 million worth of shares during the trading session, according to data compiled by the national clearing company of pakistan.', 'energy stocks dragged canada main stock index on monday after oil prices tumbled on concerns that tighter coronavirus-led restrictions in europe would lead to a slower fuel-demand recovery.the energy sector plunged 3.7%, as both US crude and brent crude fell about 4.2%.at 9 40 a.m. ET (1440 GMT), the toronto stock exchange S&P/TSX composite index was down 159.54 points, or 0.91%, at 17,375.0, hitting its lowest level in nearly three weeks.oil producer vermilion energy inc fell 6.8%, the most on the TSX, and the second biggest decliner was airlines air canada, down 6.8%.the materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.2% as gold futures slipped.on the TSX, 45 issues were higher, while 174 issues declined for a 3.87-to-1 ratio to the downside, with 21.40 million shares traded.the largest percentage gainer on the TSX was great canadian gaming corp, which jumped 17%, after the casino operator agreed to be acquired by a fund managed by an affiliate of apollo global management for an increased purchase price.its gains were followed by gold miner new gold inc , which rose 2.8%.the most heavily traded shares by volume were baytex energy co, air canada and suncor energy inc .the TSX posted no new 52-week high and no new low.across all canadian issues there were 18 new 52-week highs and three new lows, with total volume of 54.19 million shares.', 'energy stocks dragged canada main stock index on monday after oil prices tumbled on concerns that tighter coronavirus-led restrictions in europe would lead to a slower fuel-demand recovery.the energy sector plunged 3.7%, as both US crude and brent crude fell about 4.2%.at 9 40 a.m. ET (1440 GMT), the toronto stock exchange S&P/TSX composite index was down 159.54 points, or 0.91%, at 17,375.0, hitting its lowest level in nearly three weeks.oil producer vermilion energy inc fell 6.8%, the most on the TSX, and the second biggest decliner was airlines air canada, down 6.8%.the materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.2% as gold futures slipped.on the TSX, 45 issues were higher, while 174 issues declined for a 3.87-to-1 ratio to the downside, with 21.40 million shares traded.the largest percentage gainer on the TSX was great canadian gaming corp, which jumped 17%, after the casino operator agreed to be acquired by a fund managed by an affiliate of apollo global management for an increased purchase price.its gains were followed by gold miner new gold inc , which rose 2.8%.the most heavily traded shares by volume were baytex energy co, air canada and suncor energy inc .the TSX posted no new 52-week high and no new low.across all canadian issues there were 18 new 52-week highs and three new lows, with total volume of 54.19 million shares.', 'LONDON oil prices tumbled by more than $3 on monday before trimming losses as a fast-spreading new coronavirus strain that has shut down much of britain and led to tighter restrictions in europe sparked worries about a slower recovery in fuel demand.brent crude was down $1.83, or 3.5%, to $50.43 a barrel by 1209 GMT while US west texas intermediate (WTI) crude was down $1.70, or 3.5%, to $47.40 a barrel.both contracts fell more than $3 earlier in the session.""reports of a new strain of the coronavirus has weighed on risk sentiment and oil. new mobility restrictions across europe are also not helping as european oil demand will suffer,"" said UBS oil analyst giovanni Staunovo.""Investors need to be mindful that the road to higher oil demand and prices will remain bumpy,"" he added.brent climbed above $50 last week for the first time since march amid optimism stemming from the rollouts of COVID-19 vaccines.but a new COVID-19 strain, said to be up to 70% more transmissible than the original, has led european countries, israel and canada to shut their borders with the UK. hong kong and india said they would suspend flights from Britain.The new virus strain has already been detected in australia, netherlands and Italy.""The message is clear oil prices are still very much and will continue to be at the mercy of the pandemic,"" said stephen brennock of oil broker PVM.The negative sentiment completely overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package, and the rollout of a new vaccine in the united states on Saturday.Adding to pressure, the U.S oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to dec. 18, the highest since may, baker hughes said, reflecting crude prices that have traded above $45 a barrel since late november.', 'LONDON oil prices tumbled by more than $3 on monday before trimming losses as a fast-spreading new coronavirus strain that has shut down much of britain and led to tighter restrictions in europe sparked worries about a slower recovery in fuel demand.brent crude was down $1.83, or 3.5%, to $50.43 a barrel by 1209 GMT while US west texas intermediate (WTI) crude was down $1.70, or 3.5%, to $47.40 a barrel. both contracts fell more than $3 earlier in the session.reports of a new strain of the coronavirus have weighed on risk sentiment and oil. new mobility restrictions across europe are also not helping as european oil demand will suffer, said UBS oil analyst giovanni Staunovo.Investors need to be mindful that the road to higher oil demand and prices will remain bumpy, he added.brent climbed above $50 last week for the first time since march amid optimism stemming from the rollout of Covid-19 vaccines.but a new Covid-19 strain, said to be up to 70% more transmissible than the original, has led european countries and canada to shut their borders with the UK. hong kong and india said they would suspend flights from Britain.The new virus strain has already been detected in australia, the netherlands and Italy.The message is clear oil prices are still very much and will continue to be at the mercy of the pandemic, said stephen brennock of oil broker PVM.The negative sentiment completely overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package, and the rollout of a new vaccine in the united states on Saturday.Adding to pressure, the US oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to december 18, the highest since may, baker hughes said, reflecting crude prices that have traded above $45 a barrel since late november.']","['https://www.dawn.com/news/1597032/oil-prices-skid-as-new-coronavirus-strain-fuels-demand-concerns', 'https://www.dawn.com/news/1597032/oil-prices-skid-as-new-coronavirus-strain-fuels-demand-concerns', 'https://tribune.com.pk/story/2276827/oil-prices-skid-as-new-coronavirus-strain-fuels-demand-concerns', 'https://tribune.com.pk/story/2276827/oil-prices-skid-as-new-coronavirus-strain-fuels-demand-concerns', 'https://tribune.com.pk/story/2276869/market-watch-bears-hold-sway-as-psx-dives-407-points', 'https://www.brecorder.com/news/40043304/tsx-falls-as-energy-stocks-plunge-on-coronavirus-concerns', 'https://www.brecorder.com/news/40043304/tsx-falls-as-energy-stocks-plunge-on-coronavirus-concerns', 'https://www.brecorder.com/news/40043275/oil-falls-3-as-new-virus-strain-prompts-demand-worries', 'https://tribune.com.pk/story/2276868/oil-falls-3-as-new-virus-strain-prompts-demand-worries']","['karachi, industries, ', 'brent, , ']","['oil prices dropped', 'oil prices skid', 'oil prices dropped', 'oil prices skid', 'oil prices tumbled', 'oil prices tumbled', 'energy sector plunged', 'oil prices tumbled', 'oil prices tumbled']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg']",105.63,"[-1.61, -5.1, -1.61, -5.1, -1.63, -1.63, -4.79, -1.63, -1.63]",-2.75,0,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The market signal indicates a neutral stance. Although the news sentiment is slightly negative, the lack of a clear market direction suggests a hold recommendation. Investors are advised to monitor the market closely for clearer signals before making any trading decisions.""
}"
12/22/2020,"['Australian shares fall as new coronavirus strain spooks market', 'Stocks lose 406 points on profit-taking', ""Oil slips again as new coronavirus strain proves 'nightmare before Christmas'"", 'Asian stocks slip as new COVID-19 strain darkens recovery prospects']","['australian shares fall as new coronavirus strain spooks market', 'stocks lose 406 points on profit-taking', ""oil slips again as new coronavirus strain proves 'nightmare before christmas'"", 'asian stocks slip as new COVID-19 strain darkens recovery prospects']","['Business Recorder', 'Dawn', 'Business Recorder', 'Business Recorder']","[""Australian shares fell on Tuesday, with energy and gold stocks leading the declines, as oil prices dropped and investors exited risky assets over concerns of a new highly transmissible coronavirus strain in Britain.The S&P/ASX 200 index declined 0.3% by 0021GMT.The new coronavirus strain, indentified in the UK, is said to be up to 70% more transmissible than the original. It has led to a shut-down of much of Britain and set off tighter restrictions in Europe.India, Pakistan, Poland, Spain, Switzerland, Sweden, Russia, Jordan, Hong Kong, among others, have suspended travel for Britons, while Saudi Arabia, Kuwait and Oman closed their borders completely to the UK.Meanwhile, oil prices plunged as tighter restrictions and fresh travel curbs sparked worries about a slower recovery in fuel demand.As a result, the Australian energy index tumbled more than 2% to hit its lowest since Nov. 23.Santos and Woodside Petroleum both fell as much as 2.4% to each touch a near three-week low. Gold stocks declined about 2% as bullion prices fell.Ramelius Resources shed over 5% to hit a one-week low, while Silver Lake Resources fell more than 4%. The wider mining sub-index fell as much as 1.3%.Bucking the downward trend, healthcare stocks gained 0.5%, with CSL adding about 1% and Fisher and Paykel Healthcare gaining about a percent.MGC Pharmaceuticals jumped 16.7% after it was granted an assistance of 3.1 million euros (A$5 million) cash grant from Malta Enterprise to set up a fully functional GMP facility for the production of ArtemiC in Malta.New Zealand's benchmark S&P/NZX 50 index advanced 0.9% to 12,681.69.Pacific Edge gained over 8% while Mercury NZ added over 5%."", 'KARACHI: Following a volatile trade on the first trading day of the week, the stock market witnessed massive selling pressure as profit taking in the last hour intensified so that the KSE-100 index eroded by 406.80 points (0.93 per cent) and closed at 43,333.76.Investors were cautious due to the ongoing roll-over week and the index having mounted to a three-year high.The concern in the UK and other markets over the new Covid-19 strain that compelled lock down descended to the local market where investors rushed to book profit. Oil stocks led the decline as international oil prices slumped more than 5pc during the session raising fears of negative impact on the global economies due to the virus. Foreign investors sold shares worth $4.58 million. Among local participants, banks and mutual funds were net sellers, while individuals, brokers and insurance companies were net buyers.Volumes remained on the higher side with daily traded volume and value clocking in at 516.44m shares (up 7.1pc day-on-day) and Rs22.47 billion (down 5.2pc DoD) respectively. The volume leaders were Worldcall Telecom Ltd with 36.56m shares traded followed by TRG Pakistan with 38.1m shares changing hands Sector-wise, exploration & production, refinery and cement sectors remained under pressure. Stocks on the steel sector rallied on the back of expected price increases by local manufacturers. International Industries Ltd, Amreli Steel Ltd, Mughal and International Steel all closed in the green.The technology and communication sector witnessed the greatest activity throughout the day, generating a volume of 104m shares.Analyst Ahsan Mehanti said that investors’ concern for rupee instability; gas crisis impacting industries and uncertainty over new International Monetary Fund terms for Extended Fund Facility also kept market under duress.Stocks that were the major drags included Oil and Gas Development Company, down 69 points, Pakistan Petroleum Ltd 60 points, Habib Bank Ltd 33 points, Engro Pakistan 32 points and Pakistan Oilfields Ltd 31 points.Analysts and traders believe that the volatility in the market may continue ahead in the shortened roll-over week.Published in Dawn, December 22nd, 2020', 'MELBOURNE: Oil prices fell on Tuesday, extending sharp losses overnight, as the rapid spread of a new strain of the novel coronavirus in the United Kingdom prompted several countries to close their borders to British travellers and freight.US West Texas Intermediate (WTI) crude futures dropped 30 cents, or 0.6%, to $47.67 a barrel at 0156 GMT, while  Brent crude futures fell 26 cents, or 0.5%, to $50.65 a barrel.Both benchmark contracts slid nearly 3% on Monday, partly erasing recent strong gains on the back of the rollout of COVID-19 vaccines, seen as key to easing mobility restrictions.After the UK government warned that a new variant of the virus seemed to be spreading much faster than previous kinds, India, Pakistan, Russia, Jordan and Hong Kong joined European countries in suspending travel from Britain, and Saudi Arabia, Kuwait and Oman closed their borders completely.""The nightmare before Christmas scenario has set in, with a combination of the \'mutant virus\' compounded by Brexit angst,"" said Stephen Innes, chief market strategist at Axi, referring to doubts over whether UK Prime Minister Boris Johnson can secure a post-Brexit trade deal with the European Union.Innes said the oil market had been overbought, with long positions outweighing short positions by around 4 to 1, so the selloff was inevitable.With the US dollar rising as a safe-haven currency, US-dollar priced oil is less attractive for buyers holding other currencies, which added to pressure on oil prices.""The downside risks are greater than the upside until we better understand how politicians are going to react in 2021 - whether they\'re going to lock things down again,"" Innes said.', 'HONG KONG/NEW YORK: Asian shares slipped on Tuesday, extending a pullback from multi-year highs hit last week on renewed fears a highly infectious new strain of COVID-19 that shut down much of Britain could lead to a slower global economic recovery.Australian S&P/ASX 200 widened losses to be down 0.67%. Japan\'s Nikkei 225 slipped 0.85%.MSCI\'s gauge of Asia Pacific stocks outside Japan fell 0.21%. China\'s benchmark CSI300 Index and Hang Seng Index both opened down 0.2%.""An escalation of European COVID-19 restrictions in response to fears around a new variant, which is supposed to be faster spreading, should, and did, of course, elicit a negative reaction from prices via the near-term global growth impact,"" said Stephen Innes, Chief Global Market Strategist at Axi.""Illiquid conditions will persist through year-end, but dips like this could present more of an opportunity to fade than anything else,"" he said.Countries across the globe shut their borders to Britain on Monday due to fears about a new strain of coronavirus, said to be up to 70% more transmissible than the original, causing travel chaos and raising the prospect of food shortages days before Britain is set to leave the European Union.The discovery of the new strain, just months before vaccines are expected to be widely available, renewed fears about the virus, which killed about 1.7 million people worldwide. As a result European shares fell on Monday in their worst session in almost two months.Oil prices dropped on expectations of lower demand, with US crude recently down 0.33% at $47.81 per barrel, while Brent was 0.2% lower at $50.81.US stocks pared much of their early losses during a volatile session on Monday on hopes a long-anticipated stimulus package agreed to by congressional leaders will help spur a stronger recovery.The S&P 500 ended the day down 0.39% at 3,694.92.Volatility in US equities jumped in thin holiday trading. The Cboe Volatility Index, known as Wall Street\'s ""fear gauge,"" notched its largest one-day gain since late October, even though it finished well off its session high.Spot gold rose 0.3% to $1,881.7 per ounce, with the safe-haven asset hitting a one-month high earlier in the session.']","['australian shares fell on tuesday, with energy and gold stocks leading the declines, as oil prices dropped and investors exited risky assets over concerns of a new highly transmissible coronavirus strain in Britain.The S&P/ASX 200 index declined 0.3% by 0021GMT.The new coronavirus strain, indentified in the UK, is said to be up to 70% more transmissible than the original. it has led to a shut-down of much of britain and set off tighter restrictions in Europe.India, pakistan, poland, spain, switzerland, sweden, russia, jordan, hong kong, among others, have suspended travel for britons, while saudi arabia, kuwait and oman closed their borders completely to the UK.Meanwhile, oil prices plunged as tighter restrictions and fresh travel curbs sparked worries about a slower recovery in fuel demand.as a result, the australian energy index tumbled more than 2% to hit its lowest since nov. 23.santos and woodside petroleum both fell as much as 2.4% to each touch a near three-week low. gold stocks declined about 2% as bullion prices fell.ramelius resources shed over 5% to hit a one-week low, while silver lake resources fell more than 4%. the wider mining sub-index fell as much as 1.3%.bucking the downward trend, healthcare stocks gained 0.5%, with CSL adding about 1% and fisher and paykel healthcare gaining about a percent.MGC pharmaceuticals jumped 16.7% after it was granted an assistance of 3.1 million euros (A$5 million) cash grant from malta enterprise to set up a fully functional GMP facility for the production of ArtemiC in Malta.New zealand benchmark S&P/NZX 50 index advanced 0.9% to 12,681.69.pacific edge gained over 8% while mercury NZ added over 5%.', 'KARACHI following a volatile trade on the first trading day of the week, the stock market witnessed massive selling pressure as profit taking in the last hour intensified so that the KSE-100 index eroded by 406.80 points (0.93 per cent) and closed at 43,333.76.investors were cautious due to the ongoing roll-over week and the index having mounted to a three-year high.the concern in the UK and other markets over the new Covid-19 strain that compelled lock down descended to the local market where investors rushed to book profit. oil stocks led the decline as international oil prices slumped more than 5pc during the session raising fears of negative impact on the global economies due to the virus. foreign investors sold shares worth $4.58 million. among local participants, banks and mutual funds were net sellers, while individuals, brokers and insurance companies were net buyers.volumes remained on the higher side with daily traded volume and value clocking in at 516.44m shares (up 7.1pc day-on-day) and rs 22.47 billion (down 5.2pc DoD) respectively. the volume leaders were worldcall telecom ltd with 36.56m shares traded followed by TRG pakistan with 38.1m shares changing hands Sector-wise, exploration & production, refinery and cement sectors remained under pressure. stocks on the steel sector rallied on the back of expected price increases by local manufacturers. international industries ltd, amreli steel ltd, mughal and international steel all closed in the green.the technology and communication sector witnessed the greatest activity throughout the day, generating a volume of 104m shares.analyst ahsan mehanti said that investors concern for rupee instability gas crisis impacting industries and uncertainty over new international monetary fund terms for extended fund facility also kept market under duress.stocks that were the major drags included oil and gas development company, down 69 points, pakistan petroleum ltd 60 points, habib bank ltd 33 points, engro pakistan 32 points and pakistan oilfields ltd 31 points.analysts and traders believe that the volatility in the market may continue ahead in the shortened roll-over week.', 'MELBOURNE oil prices fell on tuesday, extending sharp losses overnight, as the rapid spread of a new strain of the novel coronavirus in the united kingdom prompted several countries to close their borders to british travellers and freight.US west texas intermediate (WTI) crude futures dropped 30 cents, or 0.6%, to $47.67 a barrel at 0156 GMT, while brent crude futures fell 26 cents, or 0.5%, to $50.65 a barrel.both benchmark contracts slid nearly 3% on monday, partly erasing recent strong gains on the back of the rollout of COVID-19 vaccines, seen as key to easing mobility restrictions.after the UK government warned that a new variant of the virus seemed to be spreading much faster than previous kinds, india, pakistan, russia, jordan and hong kong joined european countries in suspending travel from britain, and saudi arabia, kuwait and oman closed their borders completely.""the nightmare before christmas scenario has set in, with a combination of the \'mutant virus\' compounded by brexit angst,"" said stephen innes, chief market strategist at axi, referring to doubts over whether UK prime minister boris johnson can secure a post-Brexit trade deal with the european Union.Innes said the oil market had been overbought, with long positions outweighing short positions by around 4 to 1, so the selloff was inevitable.with the US dollar rising as a safe-haven currency, US-dollar priced oil is less attractive for buyers holding other currencies, which added to pressure on oil prices.""the downside risks are greater than the upside until we better understand how politicians are going to react in 2021 - whether they are going to lock things down again,"" innes said.', 'HONG KONG/NEW YORK asian shares slipped on tuesday, extending a pullback from multi-year highs hit last week on renewed fears a highly infectious new strain of COVID-19 that shut down much of britain could lead to a slower global economic recovery.australian S&P/ASX 200 widened losses to be down 0.67%. japan nikkei 225 slipped 0.85%.MSCI gauge of asia pacific stocks outside japan fell 0.21%. china benchmark CSI300 index and hang seng index both opened down 0.2%.""an escalation of european COVID-19 restrictions in response to fears around a new variant, which is supposed to be faster spreading, should, and did, of course, elicit a negative reaction from prices via the near-term global growth impact,"" said stephen innes, chief global market strategist at Axi.""Illiquid conditions will persist through year-end, but dips like this could present more of an opportunity to fade than anything else,"" he said.countries across the globe shut their borders to britain on monday due to fears about a new strain of coronavirus, said to be up to 70% more transmissible than the original, causing travel chaos and raising the prospect of food shortages days before britain is set to leave the european Union.The discovery of the new strain, just months before vaccines are expected to be widely available, renewed fears about the virus, which killed about 1.7 million people worldwide. as a result european shares fell on monday in their worst session in almost two months.oil prices dropped on expectations of lower demand, with US crude recently down 0.33% at $47.81 per barrel, while brent was 0.2% lower at $50.81.US stocks pared much of their early losses during a volatile session on monday on hopes a long-anticipated stimulus package agreed to by congressional leaders will help spur a stronger recovery.the S&P 500 ended the day down 0.39% at 3,694.92.volatility in US equities jumped in thin holiday trading. the cboe volatility index, known as wall street ""fear gauge,"" notched its largest one-day gain since late october, even though it finished well off its session high.spot gold rose 0.3% to $1,881.7 per ounce, with the safe-haven asset hitting a one-month high earlier in the session.']","['https://www.brecorder.com/news/40043579/australian-shares-fall-as-new-coronavirus-strain-spooks-market', 'https://www.dawn.com/news/1597165/stocks-lose-406-points-on-profit-taking', 'https://www.brecorder.com/news/40043561/oil-slips-again-as-new-coronavirus-strain-proves-nightmare-before-christmas', 'https://www.brecorder.com/news/40043565/asian-stocks-slip-as-new-covid-19-strain-darkens-recovery-prospects']","['brent, , ', 'oil, pakistan, ', 'international monetary fund, pakistan, ']","['oil prices dropped', 'oil prices slump', 'oil prices fell', 'oil prices dropped']","['neg', 'neg', 'neg', 'neg']",103.93,"[-1.61, 1.46, -5.33, -1.61]",-1.77,1,-3,3,0,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""The market signal indicates a buy opportunity, driven by strong technical indicators such as EMA55 and MACD. Although the news sentiment is relatively neutral, the strong market signal suggests a bullish outlook. Investors are advised to consider the technical indicators and proceed with caution.""
}"
12/23/2020,"['Stock futures slip as Trump threatens to derail stimulus bill', 'Rouble overcomes sanction fears to recover against dollar']","['stock futures slip as trump threatens to derail stimulus bill', 'rouble overcomes sanction fears to recover against dollar']","['Business Recorder', 'Business Recorder']","['SINGAPORE/NEW YORK: US stock futures fell, commodities slipped and Treasuries edged higher on Wednesday after Donald Trump threw a last-minute spanner in to pandemic relief plans by threatening not to sign a long-awaited stimulus bill in to law.S&P 500 futures were down half a percent by mid-morning in Asia and European and British equity futures fell by the same margin as the news offset hints of progress toward a British trade deal with Europe.In a video posted on Twitter, Trump said the bill - the result of months of wrangling in Congress - was ""a disgrace"" with too much foreign spending, adding he wanted to increase ""ridiculously low"" $600 checks for individuals to $2000.""Really ... you got to be kidding,"" said Andrew Brenner, head of international fixed income at NatAlliance in a note emailed after Trump\'s message.""Personally we think the President will sign the bill at the last possible moment ... but the true reality star will wait until the end,"" he said. ""Bond markets close 2 p.m. Thursday while stocks close at 1 p.m. - it may go down to the last moment.""Ten-year US Treasury futures rose two ticks and the yield on US 10-year government bonds fell one basis point in Asia after Trump\'s tweet.It also soured sentiment which had caught a boost after ITV\'s political editor said in a late-night tweet that separate sources had raised the possibility of Britain and the European Union striking a trade deal on Wednesday.Holiday-thinned markets are also jittery about a highly contagious new coronavirus strain, which has given support to the safe-haven US dollar and yen and dragged on the prices of growth-sensitive commodities from oil to iron ore and copper.France will re-open borders to Britain on Wednesday, but much of the world has sealed it off after a significantly more transmissible mutated coronavirus variant was discovered spreading swiftly across southern England.Scientists say there is no evidence that vaccines currently being deployed in Britain will not protect against this variant, but the possibility has begun to haunt traders.""The worry right now is whether the vaccine is less effective,"" said Bank of Singapore currency analyst Moh Siong Sim.""All these unknowns are keeping markets edgy, especially when they have made quite a bit for the year from the rally. People are keen to say let\'s take some money off the table.""The US dollar index rose 0.1% as the greenback generally hung on to small but broad overnight gains.The Australian dollar edged higher to $0.7540 and most other majors were pretty close to flat, with the euro at $1.2171 and sterling at $1.3390.Asian stocks steadied, with MSCI\'s broadest index of Asia-Pacific shares outside Japan up 0.1% after three days of declines. Japan\'s Nikkei rose 0.1%, although gains were concentrated in healthcare and technology stocks.Both indexes are up more than 60% from March lows.Oil prices fell to test lows made during a sharp selloff on Monday, with Brent crude futures last down 1.5% at $49.35 a barrel and US crude futures down 1.5% at $46.34.', 'MOSCOW: Russia\'s rouble recovered from a three-week low against the dollar on Wednesday, but gains were curbed by concern about anti-Russian sanctions and the COVID-19 pandemic.At 1200 GMT, the rouble was 1% stronger against the dollar at 75.15, up from its weakest level since early December of 75.91, which it touched on Tuesday.The rouble has been on a recovery path since the US presidential election in early November, but tumbled this week after Washington promised to retaliate over a massive hacking campaign that allegedly involved Russians.Market sentiment has been soured by fears that the West may impose new sanctions, although Moscow denies any wrongdoing.After a two-day slide, the rouble could recover to 75 against the dollar thanks to month-end tax payments that are likely to prompt export-focused companies to convert foreign currency to meet the liabilities, Sberbank CIB said.Against the euro, the rouble was 0.7% stronger at 91.60 , from levels of around 70 seen in early 2020.In 2021, the rouble is expected to partly recover as the economy will return to growth, a Reuters poll showed.Yields of Russia\'s 10-year OFZ treasury bonds, which move in the opposite direction with their prices, jumped to 6.01%, a level last seen in early November.The finance ministry, however, enjoyed healthy demand of 34.1 billion roubles ($453.88 million) for its OFZ bonds maturing in 2030 at this year\'s last auction on Wednesday.""The hack headlines out of nowhere, then hawkish (albeit expected) comments from the CBR, then another round of virus fears... Not a good combo under any circumstances, but more so into the year-end, with liquidity thinner than hopes for a proper gift from Santa,"" Rosbank said in a note.Russian stock indexes were mixed, pricing in a recovery in oil prices. Brent crude oil, a global benchmark for Russia\'s main export, returned above $50 a barrel.The dollar-denominated RTS index was up 0.3% to 1,355.1. The rouble-based MOEX Russian index was 0.2% lower at 3,230.3, still trading near an all-time high of 3,318.39 hit last week.']","['SINGAPORE/NEW YORK US stock futures fell, commodities slipped and treasuries edged higher on wednesday after donald trump threw a last-minute spanner in to pandemic relief plans by threatening not to sign a long-awaited stimulus bill in to law.S&P 500 futures were down half a percent by mid-morning in asia and european and british equity futures fell by the same margin as the news offset hints of progress toward a british trade deal with Europe.In a video posted on twitter, trump said the bill - the result of months of wrangling in congress - was ""a disgrace"" with too much foreign spending, adding he wanted to increase ""ridiculously low"" $600 checks for individuals to $2000.""really . you got to be kidding,"" said andrew brenner, head of international fixed income at NatAlliance in a note emailed after trump message.""personally we think the president will sign the bill at the last possible moment . but the true reality star will wait until the end,"" he said. ""bond markets close 2 p.m. thursday while stocks close at 1 p.m. - it may go down to the last moment.""Ten-year US treasury futures rose two ticks and the yield on US 10-year government bonds fell one basis point in asia after trump tweet.it also soured sentiment which had caught a boost after ITV political editor said in a late-night tweet that separate sources had raised the possibility of britain and the european union striking a trade deal on Wednesday.Holiday-thinned markets are also jittery about a highly contagious new coronavirus strain, which has given support to the safe-haven US dollar and yen and dragged on the prices of growth-sensitive commodities from oil to iron ore and copper.france will re-open borders to britain on wednesday, but much of the world has sealed it off after a significantly more transmissible mutated coronavirus variant was discovered spreading swiftly across southern England.Scientists say there is no evidence that vaccines currently being deployed in britain will not protect against this variant, but the possibility has begun to haunt traders.""the worry right now is whether the vaccine is less effective,"" said bank of singapore currency analyst moh siong Sim.""All these unknowns are keeping markets edgy, especially when they have made quite a bit for the year from the rally. people are keen to say let take some money off the table.""the US dollar index rose 0.1% as the greenback generally hung on to small but broad overnight gains.the australian dollar edged higher to $0.7540 and most other majors were pretty close to flat, with the euro at $1.2171 and sterling at $1.3390.asian stocks steadied, with MSCI broadest index of Asia-Pacific shares outside japan up 0.1% after three days of declines. japan nikkei rose 0.1%, although gains were concentrated in healthcare and technology stocks.both indexes are up more than 60% from march lows.oil prices fell to test lows made during a sharp selloff on monday, with brent crude futures last down 1.5% at $49.35 a barrel and US crude futures down 1.5% at $46.34.', 'MOSCOW russia rouble recovered from a three-week low against the dollar on wednesday, but gains were curbed by concern about anti-Russian sanctions and the COVID-19 pandemic.at 1200 GMT, the rouble was 1% stronger against the dollar at 75.15, up from its weakest level since early december of 75.91, which it touched on Tuesday.The rouble has been on a recovery path since the US presidential election in early november, but tumbled this week after washington promised to retaliate over a massive hacking campaign that allegedly involved Russians.Market sentiment has been soured by fears that the west may impose new sanctions, although moscow denies any wrongdoing.after a two-day slide, the rouble could recover to 75 against the dollar thanks to month-end tax payments that are likely to prompt export-focused companies to convert foreign currency to meet the liabilities, sberbank CIB said.against the euro, the rouble was 0.7% stronger at 91.60 , from levels of around 70 seen in early 2020.in 2021, the rouble is expected to partly recover as the economy will return to growth, a reuters poll showed.yields of russia 10-year OFZ treasury bonds, which move in the opposite direction with their prices, jumped to 6.01%, a level last seen in early November.The finance ministry, however, enjoyed healthy demand of 34.1 billion roubles ($453.88 million) for its OFZ bonds maturing in 2030 at this year last auction on Wednesday.""The hack headlines out of nowhere, then hawkish (albeit expected) comments from the CBR, then another round of virus fears. not a good combo under any circumstances, but more so into the year-end, with liquidity thinner than hopes for a proper gift from santa,"" rosbank said in a note.russian stock indexes were mixed, pricing in a recovery in oil prices. brent crude oil, a global benchmark for russia main export, returned above $50 a barrel.the dollar-denominated RTS index was up 0.3% to 1,355.1. the rouble-based MOEX russian index was 0.2% lower at 3,230.3, still trading near an all-time high of 3,318.39 hit last week.']","['https://www.brecorder.com/news/40043954/stock-futures-slip-as-trump-threatens-to-derail-stimulus-bill', 'https://www.brecorder.com/news/40044029/rouble-overcomes-sanction-fears-to-recover-against-dollar']","['brent, , ']","['oil prices fell', 'recovery in oil prices']","['neg', 'pos']",104.37,"[-5.33, 2.63]",-1.35,0,-3,-2,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The market signal indicates a sell opportunity. Although the news sentiment is not extreme, the negative market signal suggests a bearish outlook. Investors are advised to consider the technical indicators and proceed with caution.""
}"
12/30/2020,"['Wall St advances, dollar declines as remarkable year nears finish line']","['wall st advances, dollar declines as remarkable year nears finish line']",['Business Recorder'],"['NEW YORK: Wall Street advanced and the dollar dipped to its lowest in more than two years on Wednesday, the penultimate trading day in an extraordinary year of pandemic, recession and recovery.All three major US stock indexes were up in a broad rally, as impending stimulus and the ongoing rollout of COVID-19 vaccines fed optimism over economic recovery in 2021.""I would caution against reading too much into trading action this week because it\'s a shortened week and volumes are typically down, so there tends to be more volatility,"" said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.""The dollar is a continuation of what we\'ve seen in the last few months,"" Carlson added. ""This is partly in anticipation that since Europe had a deeper decline, its rebound will have more of a snap-back.""US Senate Majority Leader Mitch McConnell introduced a bill late Tuesday that combines beefier $2,000 direct fiscal aid payments to Americans with provisions involving social media company protections and election security.Britain approved a coronavirus vaccine developed by Oxford University and AstraZeneca in the latest development in the rapid progression, testing, approval and deployment of drugs to battle the disease.The Dow Jones Industrial Average rose 165.7 points, or 0.55%, to 30,501.37, the S&P 500 gained 13.87 points, or 0.37%, to 3,740.91 and the Nasdaq Composite added 34.01 points, or 0.26%, to 12,884.23.European stocks reversed gains and headed slightly lower as investors took profits in the wake of strong gains.The pan-European STOXX 600 index lost 0.13% and MSCI\'s gauge of stocks across the globe gained 0.49%.Emerging market stocks rose 1.58%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 1.67% higher, while Japan\'s Nikkei lost 0.45%.US Treasury yields were essentially flat on Wednesday morning in thin trading as investors bet that Republicans were unlikely to approve the passage of proposed $2000 stimulus checks.Benchmark 10-year notes last fell 1/32 in price to yield 0.9364%, from 0.935% late on Tuesday.The 30-year bond last fell 4/32 in price to yield 1.679%, from 1.674% late on Tuesday.The dollar fell the lowest since April 2018 against a basket of world currencies as investors bet on more fiscal support and positioned for year-end in light trading volume.The dollar index fell 0.41%, with the euro up 0.36% to $1.2291.The Japanese yen strengthened 0.42% versus the greenback at 103.15 per dollar, while Sterling was last trading at $1.3608, up 0.80% on the day.Crude oil prices gained ground on the back of the weaker dollar and a dip in US inventories.US crude rose 1.27% to $48.61 per barrel and Brent was last at $51.33, up 0.47% on the day.Gold gained ground as the safe-haven metal countered a dip in the greenback.Spot gold added 0.3% to $1,884.41 an ounce.']","['NEW YORK wall street advanced and the dollar dipped to its lowest in more than two years on wednesday, the penultimate trading day in an extraordinary year of pandemic, recession and recovery.all three major US stock indexes were up in a broad rally, as impending stimulus and the ongoing rollout of COVID-19 vaccines fed optimism over economic recovery in 2021.""I would caution against reading too much into trading action this week because it a shortened week and volumes are typically down, so there tends to be more volatility,"" said chuck carlson, chief executive officer at horizon investment services in hammond, Indiana.""The dollar is a continuation of what we have seen in the last few months,"" carlson added. ""this is partly in anticipation that since europe had a deeper decline, its rebound will have more of a snap-back.""US senate majority leader mitch McConnell introduced a bill late tuesday that combines beefier $2,000 direct fiscal aid payments to americans with provisions involving social media company protections and election security.britain approved a coronavirus vaccine developed by oxford university and AstraZeneca in the latest development in the rapid progression, testing, approval and deployment of drugs to battle the disease.the dow jones industrial average rose 165.7 points, or 0.55%, to 30,501.37, the S&P 500 gained 13.87 points, or 0.37%, to 3,740.91 and the nasdaq composite added 34.01 points, or 0.26%, to 12,884.23.european stocks reversed gains and headed slightly lower as investors took profits in the wake of strong gains.the pan-European STOXX 600 index lost 0.13% and MSCI gauge of stocks across the globe gained 0.49%.emerging market stocks rose 1.58%. MSCI broadest index of Asia-Pacific shares outside japan closed 1.67% higher, while japan nikkei lost 0.45%.US treasury yields were essentially flat on wednesday morning in thin trading as investors bet that republicans were unlikely to approve the passage of proposed $2000 stimulus checks.benchmark 10-year notes last fell 1/32 in price to yield 0.9364%, from 0.935% late on Tuesday.The 30-year bond last fell 4/32 in price to yield 1.679%, from 1.674% late on Tuesday.The dollar fell the lowest since april 2018 against a basket of world currencies as investors bet on more fiscal support and positioned for year-end in light trading volume.the dollar index fell 0.41%, with the euro up 0.36% to $1.2291.the japanese yen strengthened 0.42% versus the greenback at 103.15 per dollar, while sterling was last trading at $1.3608, up 0.80% on the day.crude oil prices gained ground on the back of the weaker dollar and a dip in US inventories.US crude rose 1.27% to $48.61 per barrel and brent was last at $51.33, up 0.47% on the day.gold gained ground as the safe-haven metal countered a dip in the greenback.spot gold added 0.3% to $1,884.41 an ounce.']",['https://www.brecorder.com/news/40045937/wall-st-advances-dollar-declines-as-remarkable-year-nears-finish-line'],"['brent, , ']",['oil prices gained'],['pos'],104.26,[4.14],4.14,1,-3,-3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The market signal falls within the range where no specific trading recommendation is generated. While the news impact is positive, the neutral market signal suggests a cautious approach. Investors are advised to remain patient and monitor the market for clearer signals before making any trading decisions.""
}"
12/31/2020,"['Oil set for 20% drop in 2020 as lockdowns weigh', 'Oil set for 20pc drop in 2020 as lockdowns weigh, market eyes stimulus', 'Virus-ravaged oil market collapses by a fifth in 2020']","['oil set for 20% drop in 2020 as lockdowns weigh', 'oil set for 20pc drop in 2020 as lockdowns weigh, market eyes stimulus', 'Virus-ravaged oil market collapses by a fifth in 2020']","['Tribune', 'Business Recorder', 'Business Recorder']","['KARACHI:Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out stimulus.On Thursday, the last trading day of 2020, Brent was down $0.55, or 1%, at $51.08 a barrel as of 1315 GMT, while US West Texas Intermediate lost $0.44, or 0.9%, to $47.96 a barrel.Brent and WTI have more than doubled from the decade lows seen in April, recovering from a year in which WTI prices fell into negative territory for the first time, sending shockwaves across the market.A monthly Reuters’ poll on Thursday showed oil prices are not expected to make much progress in 2021.“New virus strains might complicate the outlook and lead to harsher lockdowns that will cripple the crude demand outlook for the first quarter,â€ÂÂ\x9d said Edward Moya from Oanda.Asian shares edged up on Thursday and were set to end a tumultuous 2020 at record highs.The dollar was ending the year in a downward spiral, with investors putting more money into riskier assets and as the United States printed more money to fund its swelling budget and trade deficits.Global commodity markets were set to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices.Rollouts of vaccines to combat the virus and trillions of dollars’ worth of fiscal support are expected to boost investment and spending in 2021.In the short term, concerns over coronavirus lockdowns are likely to cap gains.A new variant of the virus in Britain has led to the reimposition of restrictions on movements, hitting near-term oil demand and weighing on prices, while hospitalisations and infections have surged in parts of Europe and Africa.The next major oil price driver will be a January 4 meeting of the Organisation of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+, which will debate boosting output from February.', 'LONDON: Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out stimulus.On Thursday, the last trading day of 2020, Brent was down 55 cents, or 1%, at $51.08 a barrel as of 1315 GMT, while US West Texas Intermediate lost 44 cents, or 0.9%, to $47.96 a barrel.Brent and WTI have more than doubled from decade lows seen in April, recovering from a year in which WTI prices fell into negative territory for the first time, sending shockwaves across the market.A monthly Reuters poll on Thursday showed oil prices are not expected to make much progress in 2021.""New virus strains might complicate the outlook and lead to harsher lockdowns that will cripple the crude demand outlook for the first quarter,"" said Edward Moya from OANDA.Asian shares edged up on Thursday and were set to end a tumultuous 2020 at record highs.The dollar was ending the year in a downward spiral, with investors putting more money into riskier assets and as the United States printed more money to fund its swelling budget and trade deficits.Global commodity markets were set to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices.Rollouts of vaccines to combat the virus and trillions of dollars\' worth of fiscal support are expected to boost investment and spending in 2021.In the short term, concerns over coronavirus lockdowns are likely to cap gains.A new variant of the virus in Britain has led to the reimposition of restrictions on movements, hitting near-term oil demand and weighing on prices, while hospitalisations and infections have surged in parts of Europe and Africa.The next major oil price driver will be a Jan. 4 meeting of the Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+, which will debate boosting output from February.', ""LONDON: World oil prices slumped by more than a fifth this year as deadly coronavirus savaged the world's appetite for crude, despite a vaccine-driven upturn at the end of 2020.Europe's benchmark contract North Sea crude stood at $51.13 per barrel in mid-afternoon deals on Thursday. That was a hefty 22.5 percent lower than the same stage a year earlier.The oil market had begun 2020 on the front foot, with prices rising as simmering tensions in the crude-rich Middle East region threatened to disrupt valuable supplies. Oil spiked in early January, with Brent soaring as high as $71.75 after US President Donald Trump ordered the drone assassination of Iran's top general Qasem Soleimani.Burgeoning Iran tensions stoked supply worries over the Strait of Hormuz -- a vital shipping lane for a fifth of global crude.But prices were subsequently slammed by fallout from the escalating and deadly Covid-10 pandemic, with losses accelerating in March as nations implemented lockdowns and shuttered businesses to curb the spread.Tightening restrictions slammed the brakes on demand from oil-intensive sectors like aviation, with planes grounded worldwide, while the world economy tanked into a downturn.At the same time, the Organization of the Petroleum Exporting Countries (OPEC) faced a massive internal conflict.Crude futures crashed on the back of a vicious price war between OPEC cartel kingpin Saudi Arabia and fellow producer Russia -- which is a key member of the enlarged OPEC+ grouping.Russia refused Saudi Arabia's request to cut their collective output to counter the virus-fuelled slump in crude demand.In response, top global exporter Saudi slashed its prices and raised output to preserve market share in the face of Russian opposition.The price war, in tandem with the worsening pandemic, sent oil prices off a cliff -- and even caused New York's light sweet crude contract to briefly turn negative.On April 20, West Texas Intermediate (WTI) crude collapsed to minus $40.32 per barrel -- meaning producers paid buyers to take the oil off their hands. Brent spiralled as low as $15.98, plumbing depths not seen for more than twenty years.Since those dark days, oil prices have recovered considerably but have yet to return to pre-pandemic levels.The market rose strongly in November and December, aided by the development of several crucial Covid-19 vaccines that have sparked hopes of return to normality -- and a recovery in energy demand.Prices were also given a shot in the arm after OPEC and its allies struck a deal in early December to increase production over coming months, but by less than anticipated in their previous accord.In Thursday mid-afternoon deals, Brent crude dropped 0.7 percent to $51.25 per barrel from the prior day. New York's WTI crude was also 0.7 percent lower at $48.05.""]","['KARACHI global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out stimulus.on thursday, the last trading day of 2020, brent was down $0.55, or 1%, at $51.08 a barrel as of 1315 GMT, while US west texas intermediate lost $0.44, or 0.9%, to $47.96 a barrel.brent and WTI have more than doubled from the decade lows seen in april, recovering from a year in which WTI prices fell into negative territory for the first time, sending shockwaves across the market.a monthly reuters poll on thursday showed oil prices are not expected to make much progress in 2021.new virus strains might complicate the outlook and lead to harsher lockdowns that will cripple the crude demand outlook for the first quarter, said edward moya from Oanda.Asian shares edged up on thursday and were set to end a tumultuous 2020 at record highs.the dollar was ending the year in a downward spiral, with investors putting more money into riskier assets and as the united states printed more money to fund its swelling budget and trade deficits.global commodity markets were set to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices.rollouts of vaccines to combat the virus and trillions of dollars worth of fiscal support are expected to boost investment and spending in 2021.in the short term, concerns over coronavirus lockdowns are likely to cap gains.a new variant of the virus in britain has led to the reimposition of restrictions on movements, hitting near-term oil demand and weighing on prices, while hospitalisations and infections have surged in parts of europe and Africa.The next major oil price driver will be a january 4 meeting of the organisation of the petroleum exporting countries and allies including russia, a group known as OPEC+, which will debate boosting output from february.', 'LONDON global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out stimulus.on thursday, the last trading day of 2020, brent was down 55 cents, or 1%, at $51.08 a barrel as of 1315 GMT, while US west texas intermediate lost 44 cents, or 0.9%, to $47.96 a barrel.brent and WTI have more than doubled from decade lows seen in april, recovering from a year in which WTI prices fell into negative territory for the first time, sending shockwaves across the market.a monthly reuters poll on thursday showed oil prices are not expected to make much progress in 2021.""new virus strains might complicate the outlook and lead to harsher lockdowns that will cripple the crude demand outlook for the first quarter,"" said edward moya from OANDA.Asian shares edged up on thursday and were set to end a tumultuous 2020 at record highs.the dollar was ending the year in a downward spiral, with investors putting more money into riskier assets and as the united states printed more money to fund its swelling budget and trade deficits.global commodity markets were set to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices.rollouts of vaccines to combat the virus and trillions of dollars\' worth of fiscal support are expected to boost investment and spending in 2021.in the short term, concerns over coronavirus lockdowns are likely to cap gains.a new variant of the virus in britain has led to the reimposition of restrictions on movements, hitting near-term oil demand and weighing on prices, while hospitalisations and infections have surged in parts of europe and Africa.The next major oil price driver will be a jan. 4 meeting of the organization of the petroleum exporting countries and allies including russia, a group known as OPEC+, which will debate boosting output from february.', 'LONDON world oil prices slumped by more than a fifth this year as deadly coronavirus savaged the world appetite for crude, despite a vaccine-driven upturn at the end of 2020.europe benchmark contract north sea crude stood at $51.13 per barrel in mid-afternoon deals on thursday. that was a hefty 22.5 percent lower than the same stage a year earlier.the oil market had begun 2020 on the front foot, with prices rising as simmering tensions in the crude-rich middle east region threatened to disrupt valuable supplies. oil spiked in early january, with brent soaring as high as $71.75 after US president donald trump ordered the drone assassination of iran top general qasem Soleimani.Burgeoning iran tensions stoked supply worries over the strait of hormuz a vital shipping lane for a fifth of global crude.but prices were subsequently slammed by fallout from the escalating and deadly Covid-10 pandemic, with losses accelerating in march as nations implemented lockdowns and shuttered businesses to curb the spread.tightening restrictions slammed the brakes on demand from oil-intensive sectors like aviation, with planes grounded worldwide, while the world economy tanked into a downturn.at the same time, the organization of the petroleum exporting countries (OPEC) faced a massive internal conflict.crude futures crashed on the back of a vicious price war between OPEC cartel kingpin saudi arabia and fellow producer russia which is a key member of the enlarged OPEC+ grouping.russia refused saudi arabia request to cut their collective output to counter the virus-fuelled slump in crude demand.in response, top global exporter saudi slashed its prices and raised output to preserve market share in the face of russian opposition.the price war, in tandem with the worsening pandemic, sent oil prices off a cliff and even caused new york light sweet crude contract to briefly turn negative.on april 20, west texas intermediate (WTI) crude collapsed to minus $40.32 per barrel meaning producers paid buyers to take the oil off their hands. brent spiralled as low as $15.98, plumbing depths not seen for more than twenty years.since those dark days, oil prices have recovered considerably but have yet to return to pre-pandemic levels.the market rose strongly in november and december, aided by the development of several crucial Covid-19 vaccines that have sparked hopes of return to normality and a recovery in energy demand.prices were also given a shot in the arm after OPEC and its allies struck a deal in early december to increase production over coming months, but by less than anticipated in their previous accord.in thursday mid-afternoon deals, brent crude dropped 0.7 percent to $51.25 per barrel from the prior day. new york WTI crude was also 0.7 percent lower at $48.05.']","['https://tribune.com.pk/story/2278157/oil-set-for-20-drop-in-2020-as-lockdowns-weigh', 'https://www.brecorder.com/news/40046266/oil-set-for-20pc-drop-in-2020-as-lockdowns-weigh-market-eyes-stimulus', 'https://www.brecorder.com/news/40046296/virus-ravaged-oil-market-collapses-by-a-fifth-in-2020']","['brent, , ']","['brent was down', 'brent was down', 'oil prices slump']","['neg', 'neg', 'neg']",103.77,"[-1.43, -1.43, 1.46]",-0.47,1,-3,-3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""In the absence of strong signals from both news sentiment and technical indicators, we recommend holding the position. The market signal is neutral, and the news sentiment is slightly negative. It's advisable to wait for clearer signals before making any trading decisions.""
}"
1/4/2021,"['Oil falls with US stocks despite OPEC+ seen keeping output steady', 'Most OPEC+ producers oppose Feb output increase', 'World stocks ring in new year with record highs', 'Oil prices touch multi-month highs as OPEC+ expected to cap output']","['oil falls with US stocks despite OPEC+ seen keeping output steady', 'most OPEC+ producers oppose feb output increase', 'world stocks ring in new year with record highs', 'oil prices touch multi-month highs as OPEC+ expected to cap output']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['NEW YORK: Oil prices fell from multi-month highs in volatile trade on Monday as US stocks eased on concerns over the outcome of runoff elections in Georgia.The market declined despite expectations the Organization of the Petroleum Exporting Countries and allies will hold off on increasing output in February and optimism over a vaccine-driven economic recovery.Brent futures dropped 73 cents, or 1.4%, to $51.07 a barrel by 10:56 a.m. EST (1556 GMT), while US West Texas Intermediate (WTI) crude fell 93 cents, or 1.9%, to $47.59.Earlier in the session, both benchmarks rose and fell by $1 a barrel with WTI reaching its highest since February and Brent its highest since March.The S&P 500 and the Dow also eased from record levels on the first trading day of the year as President Donald Trump travels to Georgia in a bid to keep the US Senate in the hands of his Republican Party.OPEC and allies, a group known as OPEC+, were meeting on Monday. Most OPEC+ officials voiced opposition to increasing oil output from February when they met on Sunday, three OPEC+ sources told Reuters.OPEC+ increased output by 500,000 barrels per day (bpd) this month but some members have questioned the need to increase more from February due to an upsurge in the COVID-19 pandemic.Kuwait\'s oil minister said he expected a gradual recovery in oil demand, particularly in the second half of 2021, as many countries start to distribute coronavirus vaccines.""It appears that OPEC+ is recognizing the fact of more COVID lockdowns and that perhaps it is not the time to be raising production just yet,"" said Phil Flynn, senior analyst at Price Futures Group in Chicago.Britain began vaccinating its population with the COVID-19 shot developed by Oxford University and AstraZeneca on Monday.Tensions in the Middle East also supported oil prices earlier in the day after Iran\'s Revolutionary Guards seized a South Korean-flagged tanker and its crew were detained and accused of polluting the Gulf with chemicals.', 'LONDON/DUBAI: Most OPEC+ oil-producing countries oppose plans to increase output from February as winter lockdowns to contain the coronavirus choke demand, three OPEC+ sources told Reuters on Monday.OPEC+, which groups OPEC and other producers including Russia, meet on Monday, a day after OPEC Secretary General Mohammad Barkindo warned OPEC+ experts of downside risks facing the oil market.The online meeting of OPEC+ ministers is scheduled to start at 1330 GMT.""Amid the hopeful signs, the outlook for the first half of 2021 is very mixed and there are still many downside risks to juggle,"" Barkindo said.""Curbs on social and economic activity remain in place in a number of countries, and there is concern about the emergence of a pernicious new strain of the virus,"" Barkindo said.That strain, reported in Britain last month, is spreading globally and on Monday British Prime Minister Boris Johnson warned that his government would be announcing tougher lockdown rules.INCREASEWith benchmark Brent oil futures holding above $50 per barrel, OPEC+ took the opportunity this month to raise output by 500,000 barrels per day (bpd) as it looks to eventually undue cuts that currently stand at 7.2 million bpd.OPEC+ producers have been curbing output to support prices and reduce oversupply since January 2017, and increased their cuts to a record 9.7 million in mid-2020 as COVID-19 hammered demand for gasoline and aviation fuel.OPEC\'s leader Saudi Arabia has suggested a more cautious approach during previous meetings, while United Arab Emirates and non-OPEC member Russia have said they prefer a speedier increase.""Under the current output terms, surpluses are expected from February until April, before demand recovers from May onwards, so a possible OPEC+ decision to not increase production will keep balances at a manageable level,"" said Bjornar Tonhaugen from Rystad Energy.Brent prices rose above $53 per barrel on Monday, touching multi-month highs on expectations that OPEC+ will hold output steady in February. They later trimmed gains.', 'LONDON: World stock markets hit record highs on Monday, the first trading day of the new year, as investors hoped the rollout of vaccines would ultimately lift a global economy decimated by the COVID-19 pandemic.The Chinese yuan surged nearly 1% against the dollar, while the greenback plumbed its lowest levels against a basket of peer currencies since April 2018. Bitcoin took a 10% dive, falling below $30,000 after a blistering 800% rally since mid-March last year.By 1126 GMT, European stock indexes were all higher, with Britain\'s FTSE 100 gaining 2.76%, Germany\'s DAX up 1.3% , Spain\'s IBEX up 1.36% and Italy\'s FTSE MIB rising 1%. The pan-European STOXX 600 index was on course for its best day since Nov. 9, up 1.6%.E-Mini futures for the S&P 500 were up 0.6%, after also touching a record high.MSCI\'s All-Country World Index, which tracks stocks across 49 countries, hit a record high and was up 0.6% on the day.""The year kicks off as 2020 ended, an everything rally with the double V dichotomy (virus vs. vaccine) seeing the hopes that either things get worse and stimulus ramps up or things get better and, well, things get better so long as there\'s no hint of liquidity withdrawal and a taper tantrum,"" a trader said.Asian stock markets also gained, although Japan\'s Nikkei 225 index shed early gains, falling 0.4% after Prime Minister Yoshihide Suga confirmed the government was considering a state of emergency for Tokyo and three surrounding prefectures as the coronavirus spreads.Despite the optimism over vaccines, investors are still sounding caution over the path of the virus, which continues to spread amidst the discovery of a new strain.""The virus retains the upper hand for a while longer,"" said Karl Steiner, chief quantitative strategist at SEB, noting that vaccinations have had an uneven start, characterized by vaccine shortages, vaccine resistance and delays.Britain began vaccinating its population with the COVID-19 shot developed by Oxford University and AstraZeneca on Monday.With the lag between a full vaccine rollout and a global economic recovery, investors will count on central banks to keep money cheap.""We continue to believe that equities have further room to rise in 2021 as monetary and fiscal stimulus measures provide a tailwind, and we anticipate significant earnings growth as the global economy recovers,"" said Mark Haefele, chief investment officer at UBS Global Wealth Management.Minutes of the Federal Reserve\'s December meeting are due on Wednesday and should offer more detail on discussions about making their forward policy guidance more explicit and the chance of a further increase in asset buying this year.EYES ON DATAThe data calendar includes a raft of manufacturing surveys across the globe, which will show how industry is coping with the spread of the coronavirus, and the closely watched ISM surveys of US factories and services.Chinese factory activity continued to accelerate in December, though the PMI missed forecasts.Japanese manufacturing stabilised for the first time in two years in December, while Taiwan picked up.Friday sees the US December payroll report where median forecasts are for only a modest increase of 100,000 jobs.Analysts as Barclays are tipping a fall of 50,000 in jobs, which would be a shock to market hopes of a speedy recovery.""A number of incoming indicators on activity point to slower momentum as the economy closes out the year, including data on labour markets where initial claims rose during the December survey period,"" said economist Michael Gapen in a note.Such a drop would add pressure on the Fed to ease further, another burden for the dollar which is already buckling under the weight of the massive US budget and trade deficits.In currencies, the euro pushed back up to $1.2294, having run into profit-taking late last week when it reached the highest since early 2018 at $1.2309. It gained almost 9% over 2020.The dollar slipped to 102.80 yen. Sterling firmed to $1.3690, levels last seen in mid-2018.The decline in the dollar has been a support for gold, leaving the metal 1.3% firmer at $1,931 an ounce.Oil prices extended their rise after a couple of months of solid gains, with Brent crossing $53 a barrel. US crude added 1% to $49 a barrel.', 'LONDON: Oil prices touched multi-month highs on Monday on expectations OPEC and allied producers may cap output at current levels in February and on hopes that vaccines may curb the spread of the novel coronavirus and drive an economic rebound.As prices rose in line with broader financial markets, Brent crude futures reached $53.33 a barrel, the highest since March 2020. US West Texas Intermediate (WTI) crude touched $49.83 a barrel, the highest since February 2020.By 1120 GMT, March Brent crude futures were at $52.52 a barrel, up 72 cents, or 1.4%, and February WTI crude futures rose 42 cents, or 0.9%, to $48.94 a barrel.""Price action today suggests that the market is assuming that OPEC+ keeps the level of cuts unchanged for the upcoming month,"" said ING commodities strategist Warren Patterson.OPEC and allies, a group known as OPEC+, will meet on Monday. Most OPEC+ officials voiced opposition to increasing oil output from February when they met on Sunday, three OPEC+ sources told Reuters on Monday.In December, OPEC+ decided to increase production by 0.5 million barrels per day (bpd) from January as part of a 2 million bpd gradual rise this year, but some members have questioned the need to release more oil because of an upsurge in the COVID-19 pandemic.""The start of the new year is presenting challenges to the OPEC+ group, as the balance of risks to oil demand recovery has changed,"" BNP Paribas analyst Harry Tchilinguirian said.Kuwait\'s oil minister said that he expected a gradual recovery in oil demand, particularly in the second half of 2021, as many countries start to distribute coronavirus vaccines.Britain began vaccinating its population with the COVID-19 shot developed by Oxford University and AstraZeneca on Monday.Tensions in the Middle East also supported oil prices after an ""interaction"" between Iranian authorities and a merchant vessel in the Strait of Hormuz led the ship to alter its course and proceed into Iranian waters.Saudi-owned Al Arabiya TV said a South Korean-flagged tanker carrying chemicals had been seized by Iran.Oil also drew strength from a weaker dollar and strong manufacturing activities in Asia.']","['NEW YORK oil prices fell from multi-month highs in volatile trade on monday as US stocks eased on concerns over the outcome of runoff elections in Georgia.The market declined despite expectations the organization of the petroleum exporting countries and allies will hold off on increasing output in february and optimism over a vaccine-driven economic recovery.brent futures dropped 73 cents, or 1.4%, to $51.07 a barrel by 10 56 a.m. EST (1556 GMT), while US west texas intermediate (WTI) crude fell 93 cents, or 1.9%, to $47.59.earlier in the session, both benchmarks rose and fell by $1 a barrel with WTI reaching its highest since february and brent its highest since March.The S&P 500 and the dow also eased from record levels on the first trading day of the year as president donald trump travels to georgia in a bid to keep the US senate in the hands of his republican Party.OPEC and allies, a group known as OPEC+, were meeting on monday. most OPEC+ officials voiced opposition to increasing oil output from february when they met on sunday, three OPEC+ sources told Reuters.OPEC+ increased output by 500,000 barrels per day (bpd) this month but some members have questioned the need to increase more from february due to an upsurge in the COVID-19 pandemic.kuwait oil minister said he expected a gradual recovery in oil demand, particularly in the second half of 2021, as many countries start to distribute coronavirus vaccines.""it appears that OPEC+ is recognizing the fact of more COVID lockdowns and that perhaps it is not the time to be raising production just yet,"" said phil flynn, senior analyst at price futures group in Chicago.Britain began vaccinating its population with the COVID-19 shot developed by oxford university and AstraZeneca on Monday.Tensions in the middle east also supported oil prices earlier in the day after iran revolutionary guards seized a south Korean-flagged tanker and its crew were detained and accused of polluting the gulf with chemicals.', 'LONDON/DUBAI most OPEC+ oil-producing countries oppose plans to increase output from february as winter lockdowns to contain the coronavirus choke demand, three OPEC+ sources told reuters on Monday.OPEC+, which groups OPEC and other producers including russia, meet on monday, a day after OPEC secretary general mohammad barkindo warned OPEC+ experts of downside risks facing the oil market.the online meeting of OPEC+ ministers is scheduled to start at 1330 GMT.""Amid the hopeful signs, the outlook for the first half of 2021 is very mixed and there are still many downside risks to juggle,"" barkindo said.""curbs on social and economic activity remain in place in a number of countries, and there is concern about the emergence of a pernicious new strain of the virus,"" barkindo said.that strain, reported in britain last month, is spreading globally and on monday british prime minister boris johnson warned that his government would be announcing tougher lockdown rules.INCREASEWith benchmark brent oil futures holding above $50 per barrel, OPEC+ took the opportunity this month to raise output by 500,000 barrels per day (bpd) as it looks to eventually undue cuts that currently stand at 7.2 million bpd.OPEC+ producers have been curbing output to support prices and reduce oversupply since january 2017, and increased their cuts to a record 9.7 million in mid-2020 as COVID-19 hammered demand for gasoline and aviation fuel.OPEC leader saudi arabia has suggested a more cautious approach during previous meetings, while united arab emirates and non-OPEC member russia have said they prefer a speedier increase.""under the current output terms, surpluses are expected from february until april, before demand recovers from may onwards, so a possible OPEC+ decision to not increase production will keep balances at a manageable level,"" said bjornar tonhaugen from rystad Energy.Brent prices rose above $53 per barrel on monday, touching multi-month highs on expectations that OPEC+ will hold output steady in february. they later trimmed gains.', 'LONDON world stock markets hit record highs on monday, the first trading day of the new year, as investors hoped the rollout of vaccines would ultimately lift a global economy decimated by the COVID-19 pandemic.the chinese yuan surged nearly 1% against the dollar, while the greenback plumbed its lowest levels against a basket of peer currencies since april 2018. bitcoin took a 10% dive, falling below $30,000 after a blistering 800% rally since mid-March last year.by 1126 GMT, european stock indexes were all higher, with britain FTSE 100 gaining 2.76%, germany DAX up 1.3% , spain IBEX up 1.36% and italy FTSE MIB rising 1%. the pan-European STOXX 600 index was on course for its best day since nov. 9, up 1.6%.E-Mini futures for the S&P 500 were up 0.6%, after also touching a record high.MSCI All-Country world index, which tracks stocks across 49 countries, hit a record high and was up 0.6% on the day.""the year kicks off as 2020 ended, an everything rally with the double V dichotomy (virus vs. vaccine) seeing the hopes that either things get worse and stimulus ramps up or things get better and, well, things get better so long as there no hint of liquidity withdrawal and a taper tantrum,"" a trader said.asian stock markets also gained, although japan nikkei 225 index shed early gains, falling 0.4% after prime minister yoshihide suga confirmed the government was considering a state of emergency for tokyo and three surrounding prefectures as the coronavirus spreads.despite the optimism over vaccines, investors are still sounding caution over the path of the virus, which continues to spread amidst the discovery of a new strain.""the virus retains the upper hand for a while longer,"" said karl steiner, chief quantitative strategist at SEB, noting that vaccinations have had an uneven start, characterized by vaccine shortages, vaccine resistance and delays.britain began vaccinating its population with the COVID-19 shot developed by oxford university and AstraZeneca on Monday.With the lag between a full vaccine rollout and a global economic recovery, investors will count on central banks to keep money cheap.""we continue to believe that equities have further room to rise in 2021 as monetary and fiscal stimulus measures provide a tailwind, and we anticipate significant earnings growth as the global economy recovers,"" said mark haefele, chief investment officer at UBS global wealth Management.Minutes of the federal reserve december meeting are due on wednesday and should offer more detail on discussions about making their forward policy guidance more explicit and the chance of a further increase in asset buying this year.EYES ON DATAThe data calendar includes a raft of manufacturing surveys across the globe, which will show how industry is coping with the spread of the coronavirus, and the closely watched ISM surveys of US factories and services.chinese factory activity continued to accelerate in december, though the PMI missed forecasts.japanese manufacturing stabilised for the first time in two years in december, while taiwan picked up.friday sees the US december payroll report where median forecasts are for only a modest increase of 100,000 jobs.analysts as barclays are tipping a fall of 50,000 in jobs, which would be a shock to market hopes of a speedy recovery.""a number of incoming indicators on activity point to slower momentum as the economy closes out the year, including data on labour markets where initial claims rose during the december survey period,"" said economist michael gapen in a note.such a drop would add pressure on the fed to ease further, another burden for the dollar which is already buckling under the weight of the massive US budget and trade deficits.in currencies, the euro pushed back up to $1.2294, having run into profit-taking late last week when it reached the highest since early 2018 at $1.2309. it gained almost 9% over 2020.the dollar slipped to 102.80 yen. sterling firmed to $1.3690, levels last seen in mid-2018.The decline in the dollar has been a support for gold, leaving the metal 1.3% firmer at $1,931 an ounce.oil prices extended their rise after a couple of months of solid gains, with brent crossing $53 a barrel. US crude added 1% to $49 a barrel.', 'LONDON oil prices touched multi-month highs on monday on expectations OPEC and allied producers may cap output at current levels in february and on hopes that vaccines may curb the spread of the novel coronavirus and drive an economic rebound.as prices rose in line with broader financial markets, brent crude futures reached $53.33 a barrel, the highest since march 2020. US west texas intermediate (WTI) crude touched $49.83 a barrel, the highest since february 2020.by 1120 GMT, march brent crude futures were at $52.52 a barrel, up 72 cents, or 1.4%, and february WTI crude futures rose 42 cents, or 0.9%, to $48.94 a barrel.""price action today suggests that the market is assuming that OPEC+ keeps the level of cuts unchanged for the upcoming month,"" said ING commodities strategist warren Patterson.OPEC and allies, a group known as OPEC+, will meet on monday. most OPEC+ officials voiced opposition to increasing oil output from february when they met on sunday, three OPEC+ sources told reuters on Monday.In december, OPEC+ decided to increase production by 0.5 million barrels per day (bpd) from january as part of a 2 million bpd gradual rise this year, but some members have questioned the need to release more oil because of an upsurge in the COVID-19 pandemic.""the start of the new year is presenting challenges to the OPEC+ group, as the balance of risks to oil demand recovery has changed,"" BNP paribas analyst harry tchilinguirian said.kuwait oil minister said that he expected a gradual recovery in oil demand, particularly in the second half of 2021, as many countries start to distribute coronavirus vaccines.britain began vaccinating its population with the COVID-19 shot developed by oxford university and AstraZeneca on Monday.Tensions in the middle east also supported oil prices after an ""interaction"" between iranian authorities and a merchant vessel in the strait of hormuz led the ship to alter its course and proceed into iranian waters.Saudi-owned al arabiya TV said a south Korean-flagged tanker carrying chemicals had been seized by Iran.Oil also drew strength from a weaker dollar and strong manufacturing activities in asia.']","['https://www.brecorder.com/news/40047327/oil-falls-with-us-stocks-despite-opec-seen-keeping-output-steady', 'https://www.brecorder.com/news/40047229/most-opec-producers-oppose-feb-output-increase', 'https://www.brecorder.com/news/40047180/world-stocks-ring-in-new-year-with-record-highs', 'https://www.brecorder.com/news/40047183/oil-prices-touch-multi-month-highs-as-opec-expected-to-cap-output']","['brent, , ']","['oil prices fell', 'reduce oversupply', 'oil prices extended their rise', 'oil prices touched multimonth highs']","['neg', 'neg', 'pos', 'pos']",114.41,"[-5.33, -0.49, 2.84, 2.84]",-0.04,0,0,3,0,"{
  ""Trading Recommendation"": ""Refrain from Trading"",
  ""Rationale"": ""In the absence of significant signals from both news sentiment and technical indicators, we recommend refraining from making any trading decisions at this time. The market signal suggests a neutral stance, and it's advisable to wait for clearer signals before taking any action.""
}"
1/5/2021,"['OPEC+ resumes talks amid divide on February oil output levels', 'Oil falls despite OPEC+ keeping output steady', 'OPEC+ resumes talks after February split on oil output', 'OPEC+ to continue talks for deal on February production']","['OPEC+ resumes talks amid divide on february oil output levels', 'oil falls despite OPEC+ keeping output steady', 'OPEC+ resumes talks after february split on oil output', 'OPEC+ to continue talks for deal on february production']","['Business Recorder', 'Tribune', 'Business Recorder', 'Business Recorder']","['MOSCOW/LONDON: Top oil producers resume debate on policy on Tuesday after talks stumbled over February supply levels, with Russia leading calls for higher output and others suggesting holding or even cutting production due to new coronavirus lockdowns.Talks are set to restart at 1430 GMT after the OPEC+ group, which combines OPEC and other producers including Russia, failed to find a compromise on Monday.OPEC+ sources told Reuters that Russia and Kazakhstan backed raising production by 0.5 million barrels per day (bpd) while Iraq, Nigeria and the United Arab Emirates suggested holding output steady.An internal OPEC document, seen by Reuters on Tuesday and dated Jan. 4, suggested a 0.5 million bpd cut in February as part of several scenarios considered for 2021.The document also said that the OPEC+ joint ministerial committee highlighted bearish risks and ""stressed that the reimplementation of COVID-19 containment measures across continents, including full lockdowns, are dampening the oil demand rebound in 2021"".Three OPEC+ sources said chances of a cut were slim as very few producers supported it and most countries favoured either steady supply or an increase in February.""Two clear factions have formed - the Saudi-led proposal for a cautious approach to maintain oil prices and the Russia-led clarion call for a swifter return of supply to the market,"" said Louise Dickson from Rystad Energy.On Monday, Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ should be cautious, despite a generally optimistic market environment, as demand for fuel remained fragile and variants of the coronavirus were unpredictable.New variants of the coronavirus first reported in Britain and South Africa have since been found in countries across the world.With benchmark Brent oil futures holding above $50 per barrel, OPEC+ took the opportunity to raise output by 0.5 million bpd in January as it looked to eventually ease cuts that currently stand at 7.2 million bpd.On Tuesday, Brent rose 2% above $52 per barrel.OPEC+ producers have been curbing output to support prices and reduce oversupply since January 2017 and cut a record 9.7 million bpd in mid-2020 as COVID-19 hammered demand for gasoline and aviation fuel.', 'Earlier in session, crude benchmarks rose and fell $1 per barrel\nNEW YORK:\n \n Oil prices fell from multi-month highs in volatile trade on Monday as US stocks eased on concerns over the outcome of runoff elections in Georgia. \n The market declined despite expectations the Organisation of the Petroleum Exporting Countries (OPEC) and allies will hold off on increasing output in February and optimism over a vaccine-driven economic recovery. \n Brent futures dropped $0.73, or 1.4%, to $51.07 a barrel by 1556 GMT, while US West Texas Intermediate (WTI) crude fell $0.93, or 1.9%, to $47.59. \n Earlier in the session, both benchmarks rose and fell by $1 a barrel with WTI reaching its highest since February and Brent its highest since March. \n The S&P 500 and the Dow also eased from record levels on the first trading day of the year as President Donald Trump travels to Georgia in a bid to keep the US Senate in the hands of his Republican Party. OPEC and allies, a group known as OPEC+, were meeting on Monday. Most OPEC+ officials voiced opposition to increasing oil output from February when they met on Sunday, three OPEC+ sources told Reuters. \n OPEC+ increased output by 500,000 barrels per day (bpd) this month but some members have questioned the need to increase more from February due to an upsurge in the Covid-19 pandemic.', 'MOSCOW/LONDON: OPEC+ resumes debate on Tuesday after talks stumbled over February policy, as Russia led calls for higher output while others suggested holding or even cutting production due to new lockdowns.Debate resumes at 1430 GMT after the group, which combines OPEC and other producers including Russia, failed to find a compromise on Monday.OPEC+ sources told Reuters that Russia and Kazakhstan backed raising production by 0.5 million bpd while Iraq, Nigeria and the United Arab Emirates suggested holding output steady.An internal OPEC document, seen by Reuters on Tuesday and dated Jan. 4, suggested a 0.5 million bpd cut in February as part of several scenarios considered for 2021.The document also said that the OPEC+ joint ministerial committee highlighted bearish risks and ""stressed that the reimplementation of COVID-19 containment measures across continents, including full lockdowns, are dampening the oil demand rebound in 2021"".On Monday, Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ should be cautious, despite a generally optimistic market environment, as demand for fuels remained fragile and variants of the coronavirus were unpredictable.New variants of the coronavirus were first reported in Britain and South Africa and have since been found in countries across the world.With benchmark Brent oil futures holding above $50 per barrel, OPEC+ took the opportunity this month to raise output by 0.5 million bpd as it looks to eventually ease cuts that currently stand at 7.2 million bpd.OPEC+ producers have been curbing output to support prices and reduce oversupply since January 2017 and cut a record 9.7 million bpd in mid-2020 as COVID-19 hammered demand for gasoline and aviation fuel.', 'LONDON: The members of the OPEC group of oil producing countries and their allies will continue talks on Tuesday, a day after they adjourned without reaching a deal on February production levels.Twenty-three countries in total are trying to reach a compromise between whose who favour keeping in place current cuts to production levels because of market uncertainty created by the coronavirus pandemic, and those who favour releasing an extra 500,000 barrels per day (bpd) onto the market next month.The two heavyweights among the producers gathering on Tuesday, Saudi Arabia and Russia, are on opposing sides of the debate, with Riyadh urging caution and Moscow keen to boost production.Tuesday\'s video-conference meeting is expect to restart at 1430 GMT and is part of a more regular schedule of monthly meetings brought about because of price volatility in the wake of the pandemic.Demand for crude cratered under the effects of the virus in 2020 and oil producing nations have been trying to adjust their output accordingly in order to support prices.The last OPEC+ last videoconference summit, held from November 30 to December 3, ""paved the way for a gradual return of 2 million barrels per day to the market over the coming months"" in the words of OPEC\'s general secretary Mohammed Barkindo, while leaving room for adjustments in reaction to market movements.The first step to implementing that agreement was an increase in 500,000 bpd in January with a commitment to meeting at the beginning of each month to set production levels for the following month.Disagreements on the way forward are nothing new for the OPEC+ grouping, which now faces the added challenge of trying to factor in a pandemic which shows no sign of abating and a vaccination campaign which has got off to a slower than hoped for start in some regions.Prices for both North Sea Brent Crude and West Texas Intermediate (WTI), which are often sensitive to OPEC+ discussions, were stable in early trading on Tuesday at around $50 a barrel.']","['MOSCOW/LONDON top oil producers resume debate on policy on tuesday after talks stumbled over february supply levels, with russia leading calls for higher output and others suggesting holding or even cutting production due to new coronavirus lockdowns.talks are set to restart at 1430 GMT after the OPEC+ group, which combines OPEC and other producers including russia, failed to find a compromise on Monday.OPEC+ sources told reuters that russia and kazakhstan backed raising production by 0.5 million barrels per day (bpd) while iraq, nigeria and the united arab emirates suggested holding output steady.an internal OPEC document, seen by reuters on tuesday and dated jan. 4, suggested a 0.5 million bpd cut in february as part of several scenarios considered for 2021.the document also said that the OPEC+ joint ministerial committee highlighted bearish risks and ""stressed that the reimplementation of COVID-19 containment measures across continents, including full lockdowns, are dampening the oil demand rebound in 2021"".three OPEC+ sources said chances of a cut were slim as very few producers supported it and most countries favoured either steady supply or an increase in February.""Two clear factions have formed - the Saudi-led proposal for a cautious approach to maintain oil prices and the Russia-led clarion call for a swifter return of supply to the market,"" said louise dickson from rystad Energy.On monday, saudi energy minister prince abdulaziz bin salman said OPEC+ should be cautious, despite a generally optimistic market environment, as demand for fuel remained fragile and variants of the coronavirus were unpredictable.new variants of the coronavirus first reported in britain and south africa have since been found in countries across the world.with benchmark brent oil futures holding above $50 per barrel, OPEC+ took the opportunity to raise output by 0.5 million bpd in january as it looked to eventually ease cuts that currently stand at 7.2 million bpd.on tuesday, brent rose 2% above $52 per barrel.OPEC+ producers have been curbing output to support prices and reduce oversupply since january 2017 and cut a record 9.7 million bpd in mid-2020 as COVID-19 hammered demand for gasoline and aviation fuel.', 'earlier in session, crude benchmarks rose and fell $1 per barrel NEW YORK oil prices fell from multi-month highs in volatile trade on monday as US stocks eased on concerns over the outcome of runoff elections in georgia. the market declined despite expectations the organisation of the petroleum exporting countries (OPEC) and allies will hold off on increasing output in february and optimism over a vaccine-driven economic recovery. brent futures dropped $0.73, or 1.4%, to $51.07 a barrel by 1556 GMT, while US west texas intermediate (WTI) crude fell $0.93, or 1.9%, to $47.59. earlier in the session, both benchmarks rose and fell by $1 a barrel with WTI reaching its highest since february and brent its highest since march. the S&P 500 and the dow also eased from record levels on the first trading day of the year as president donald trump travels to georgia in a bid to keep the US senate in the hands of his republican party. OPEC and allies, a group known as OPEC+, were meeting on monday. most OPEC+ officials voiced opposition to increasing oil output from february when they met on sunday, three OPEC+ sources told reuters. OPEC+ increased output by 500,000 barrels per day (bpd) this month but some members have questioned the need to increase more from february due to an upsurge in the Covid-19 pandemic.', 'MOSCOW/LONDON OPEC+ resumes debate on tuesday after talks stumbled over february policy, as russia led calls for higher output while others suggested holding or even cutting production due to new lockdowns.debate resumes at 1430 GMT after the group, which combines OPEC and other producers including russia, failed to find a compromise on Monday.OPEC+ sources told reuters that russia and kazakhstan backed raising production by 0.5 million bpd while iraq, nigeria and the united arab emirates suggested holding output steady.an internal OPEC document, seen by reuters on tuesday and dated jan. 4, suggested a 0.5 million bpd cut in february as part of several scenarios considered for 2021.the document also said that the OPEC+ joint ministerial committee highlighted bearish risks and ""stressed that the reimplementation of COVID-19 containment measures across continents, including full lockdowns, are dampening the oil demand rebound in 2021"".on monday, saudi energy minister prince abdulaziz bin salman said OPEC+ should be cautious, despite a generally optimistic market environment, as demand for fuels remained fragile and variants of the coronavirus were unpredictable.new variants of the coronavirus were first reported in britain and south africa and have since been found in countries across the world.with benchmark brent oil futures holding above $50 per barrel, OPEC+ took the opportunity this month to raise output by 0.5 million bpd as it looks to eventually ease cuts that currently stand at 7.2 million bpd.OPEC+ producers have been curbing output to support prices and reduce oversupply since january 2017 and cut a record 9.7 million bpd in mid-2020 as COVID-19 hammered demand for gasoline and aviation fuel.', 'LONDON the members of the OPEC group of oil producing countries and their allies will continue talks on tuesday, a day after they adjourned without reaching a deal on february production levels.Twenty-three countries in total are trying to reach a compromise between whose who favour keeping in place current cuts to production levels because of market uncertainty created by the coronavirus pandemic, and those who favour releasing an extra 500,000 barrels per day (bpd) onto the market next month.the two heavyweights among the producers gathering on tuesday, saudi arabia and russia, are on opposing sides of the debate, with riyadh urging caution and moscow keen to boost production.tuesday video-conference meeting is expect to restart at 1430 GMT and is part of a more regular schedule of monthly meetings brought about because of price volatility in the wake of the pandemic.demand for crude cratered under the effects of the virus in 2020 and oil producing nations have been trying to adjust their output accordingly in order to support prices.the last OPEC+ last videoconference summit, held from november 30 to december 3, ""paved the way for a gradual return of 2 million barrels per day to the market over the coming months"" in the words of OPEC general secretary mohammed barkindo, while leaving room for adjustments in reaction to market movements.the first step to implementing that agreement was an increase in 500,000 bpd in january with a commitment to meeting at the beginning of each month to set production levels for the following month.disagreements on the way forward are nothing new for the OPEC+ grouping, which now faces the added challenge of trying to factor in a pandemic which shows no sign of abating and a vaccination campaign which has got off to a slower than hoped for start in some regions.prices for both north sea brent crude and west texas intermediate (WTI), which are often sensitive to OPEC+ discussions, were stable in early trading on tuesday at around $50 a barrel.']","['https://www.brecorder.com/news/40047761/opec-resumes-talks-amid-divide-on-february-oil-output-levels', 'https://tribune.com.pk/story/2278671/oil-falls-despite-opec-keeping-output-steady', 'https://www.brecorder.com/news/40047729/opec-resumes-talks-after-february-split-on-oil-output', 'https://www.brecorder.com/news/40047680/opec-to-continue-talks-for-deal-on-february-production']","['brent, , ']","['reduce oversupply', 'oil prices fell', 'reduce oversupply', 'cuts to production level']","['neg', 'neg', 'neg', 'neg']",111.64,"[-0.49, -5.33, -0.49, -2.74]",-2.26,0,2,3,0,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""The market signal indicates a buy opportunity. Although the news sentiment is mildly negative, the positive market signal suggests a bullish outlook. Investors are advised to consider the technical indicators and proceed with caution.""
}"
1/6/2021,['ýýýRiyadh offers extra output cut as part of Opec+ dealýýý'],['riyadh offers extra output cut as part of opec+ deal'],['Dawn'],"['MOSCOW: Saudi Arabia has offered to make voluntary cuts in its oil output in February in a bid to persuade fellow Opec+ producers to hold steady amid concerns that new coronavirus lockdowns will hit demand.Two Opec sources said Saudi Arabia made the offer on Tuesday at a meeting of Opec+, which combines Opec producers and others including Russia, after failed talks on Monday.It was not clear how much Saudi Arabia offered to cut on its own.Opec+ sources told Reuters that Russia and Kazakhstan were pushing for the group to raise production by 500,000 barrels per day (bpd) while Iraq, Nigeria and the United Arab Emirates suggested holding output steady.An internal Opec+ document, seen by Reuters on Tuesday and dated Jan 4, set out several scenarios for 2021, including the possibility of cutting by 500,000 bpd in February.It highlighted bearish risks and ���������stressed that the reimplementation of Covid-19 containment measures across continents, including full lockdowns, are dampening the oilýý.Three Opec+ sources said chances of a collective cut were slim as very few producers supported it and most countries favoured either steady supply or an increase in February.Saudi Energy Minister Prince Abdulaziz bin Salman on Monday said Opec+ should be cautious, despite a generally optimistic market environment, as demand for fuel remained fragile and variants of the coronavirus were unpredictable.New variants of the coronavirus first reported in Britain and South Africa have since been found in countries across the world.Opec+ producers have been curbing output to support prices and reduce oversupply since January 2017.As Covid-19 hammered demand for gasoline and aviation fuel, benchmark Brent oil futures plunged below $16 a barrel last April, forcing Opec+ to boost its output cuts to a record 9.7 million barrel per day in mid-2020.With Brent holding above $50 per barrel, Opec+ took the opportunity to raise output by 500,000 bpd in January, putting its current cuts at 7.2m bpd.Brent was trading up nearly four per cent at above $53 per barrel at 1626 GMT.Published in Dawn, January 6th, 2021']","['MOSCOW saudi arabia has offered to make voluntary cuts in its oil output in february in a bid to persuade fellow opec+ producers to hold steady amid concerns that new coronavirus lockdowns will hit demand.two opec sources said saudi arabia made the offer on tuesday at a meeting of opec+, which combines opec producers and others including russia, after failed talks on Monday.It was not clear how much saudi arabia offered to cut on its own.opec+ sources told reuters that russia and kazakhstan were pushing for the group to raise production by 500,000 barrels per day (bpd) while iraq, nigeria and the united arab emirates suggested holding output steady.an internal opec+ document, seen by reuters on tuesday and dated jan 4, set out several scenarios for 2021, including the possibility of cutting by 500,000 bpd in February.It highlighted bearish risks and stressed that the reimplementation of Covid-19 containment measures across continents, including full lockdowns, are dampening the oil.three opec+ sources said chances of a collective cut were slim as very few producers supported it and most countries favoured either steady supply or an increase in February.Saudi energy minister prince abdulaziz bin salman on monday said opec+ should be cautious, despite a generally optimistic market environment, as demand for fuel remained fragile and variants of the coronavirus were unpredictable.new variants of the coronavirus first reported in britain and south africa have since been found in countries across the world.opec+ producers have been curbing output to support prices and reduce oversupply since january 2017.as Covid-19 hammered demand for gasoline and aviation fuel, benchmark brent oil futures plunged below $16 a barrel last april, forcing opec+ to boost its output cuts to a record 9.7 million barrel per day in mid-2020.With brent holding above $50 per barrel, opec+ took the opportunity to raise output by 500,000 bpd in january, putting its current cuts at 7.2m bpd.brent was trading up nearly four per cent at above $53 per barrel at 1626 GMT.']",['https://www.dawn.com/news/1599968/riyadh-offers-extra-output-cut-as-part-of-opec-deal'],"['brent, , ']",['reduce oversupply'],['neg'],113.39,[-0.49],-0.49,0,0,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The market signal indicates a neutral stance, and the news impact is relatively minor. Therefore, we recommend holding the position for now. Investors are advised to monitor the market closely for any significant changes in indicators.""
}"
1/7/2021,['Oil extends gains after surprise Saudi output cut and US crude draw'],['oil extends gains after surprise saudi output cut and US crude draw'],['Business Recorder'],"['NEW YORK: Oil prices extended gains on Wednesday, rising to their highest since late February, after Saudi Arabia announced a big voluntary production cut, and as US crude inventories declined in the latest week.Brent crude was up 88 cents, or 1.7%, to $54.48 a barrel at 11:24 a.m. EST (1524 GMT). Earlier in the session, it hit a high of $54.63 a barrel, a level not seen since Feb. 26, 2020.US West Texas Intermediate (WTI) futures were up 75 cents, or 1.5%, to $50.68 a barrel. The contract touched $50.71 a barrel, its highest since Feb. 25.Both contracts were up about 5% on Tuesday.US crude stocks fell sharply while fuel inventories rose, the Energy Information Administration said on Wednesday, and 2020 came to a close with a sharp decline in overall demand due to the coronavirus pandemic.Crude inventories fell by 8 million barrels in the week to Jan. 1 to 485.5 million barrels, exceeding analysts’ expectations in a Reuters poll for a 2.1 million-barrel drop. The drop in crude stocks is typical for the end of the year, when energy companies take barrels out of storage to avoid hefty tax bills.“We had a very substantial crude oil inventory draw helped by a second week of very robust crude oil exports as well as an increase in refinery utilization now exceeding 80%,â€Â\x9d said Andrew Lipow, president of Lipow Oil Associates in Houston.High refinery consumption may be short-lived, said Bob Yawger director of energy futures at Mizuho in New York.“We’ve burned through a lot of crude oil to make a lot of product, and there’s no demand for the product,â€Â\x9d he said. “You can’t run at that high a rate forever, with the numbers what they are.â€Â\x9dSaudi Arabia, the world’s biggest oil exporter, said on Tuesday it would make additional, voluntary oil output cuts of 1 million barrels per day (bpd) in February and March, after a meeting of OPEC+, which groups the Organization of the Petroleum Exporting Countries and other producers, including Russia.With coronavirus infections spreading rapidly, producers are wary of a further hit to demand.OPEC+ agreed most producers would hold output steady in February and March while allowing Russia and Kazakhstan to raise output by a modest 75,000 bpd in February and a further 75,000 bpd in March.“Despite this bullish supply agreement, we believe Saudi’s decision likely reflects signs of weakening demand as lockdowns return,â€Â\x9d Goldman Sachs analysts wrote in a note, though they maintained an end-2021 forecast for Brent of $65 a barrel. OPEC oil output rose for a sixth month in December to 25.59 million bpd, a Reuters survey found, buoyed by further recovery in Libyan production and smaller rises elsewhere.—Reuters']","['NEW YORK oil prices extended gains on wednesday, rising to their highest since late february, after saudi arabia announced a big voluntary production cut, and as US crude inventories declined in the latest week.brent crude was up 88 cents, or 1.7%, to $54.48 a barrel at 11 24 a.m. EST (1524 GMT). earlier in the session, it hit a high of $54.63 a barrel, a level not seen since feb. 26, 2020.US west texas intermediate (WTI) futures were up 75 cents, or 1.5%, to $50.68 a barrel. the contract touched $50.71 a barrel, its highest since feb. 25.both contracts were up about 5% on Tuesday.US crude stocks fell sharply while fuel inventories rose, the energy information administration said on wednesday, and 2020 came to a close with a sharp decline in overall demand due to the coronavirus pandemic.crude inventories fell by 8 million barrels in the week to jan. 1 to 485.5 million barrels, exceeding analysts expectations in a reuters poll for a 2.1 million-barrel drop. the drop in crude stocks is typical for the end of the year, when energy companies take barrels out of storage to avoid hefty tax bills.we had a very substantial crude oil inventory draw helped by a second week of very robust crude oil exports as well as an increase in refinery utilization now exceeding 80%, said andrew lipow, president of lipow oil associates in Houston.High refinery consumption may be short-lived, said bob yawger director of energy futures at mizuho in new York.Weve burned through a lot of crude oil to make a lot of product, and theres no demand for the product, he said. you cant run at that high a rate forever, with the numbers what they are.saudi arabia, the worlds biggest oil exporter, said on tuesday it would make additional, voluntary oil output cuts of 1 million barrels per day (bpd) in february and march, after a meeting of OPEC+, which groups the organization of the petroleum exporting countries and other producers, including Russia.With coronavirus infections spreading rapidly, producers are wary of a further hit to demand.OPEC+ agreed most producers would hold output steady in february and march while allowing russia and kazakhstan to raise output by a modest 75,000 bpd in february and a further 75,000 bpd in March.Despite this bullish supply agreement, we believe saudis decision likely reflects signs of weakening demand as lockdowns return, goldman sachs analysts wrote in a note, though they maintained an end-2021 forecast for brent of $65 a barrel. OPEC oil output rose for a sixth month in december to 25.59 million bpd, a reuters survey found, buoyed by further recovery in libyan production and smaller rises elsewhere.reuters']",['https://www.brecorder.com/news/40048553/oil-extends-gains-after-surprise-saudi-output-cut-and-us-crude-draw'],"['brent, , ']",['US crude stocks fell'],['neg'],112.08,[-1.04],-1.04,0,3,3,0,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""The market signal indicates a buy opportunity, supported by positive technical indicators. Despite a slightly negative news impact, the overall sentiment is favorable for a bullish outlook. Investors are advised to consider entering a long position and capitalize on potential gains.""
}"
1/8/2021,"['Oil set for weekly gain on Saudi output cut pledge', 'Oil set for weekly gain on Saudi output cut pledge', 'Oil near 11-month highs on Saudi output cut pledge, equities rally', 'Oil set for weekly gain on Saudi output cut pledge']","['oil set for weekly gain on saudi output cut pledge', 'oil set for weekly gain on saudi output cut pledge', 'oil near 11-month highs on saudi output cut pledge, equities rally', 'oil set for weekly gain on saudi output cut pledge']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune']","['LONDON: Oil prices hit 11-month highs and were on track for a weekly gain on Friday, supported by Saudi Arabia\'s pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases.Brent crude climbed 83 cents, or 1.5%, to $55.21 a barrel by 1202 GMT, the highest since late February, and US West Texas Intermediate (WTI) gained 66 cents, or 1.3%, to $51.49, also its highest level since late February.Both were on track for weekly gains of more than 6%.""The surprise Saudi cut is keeping bulls at the helm,"" said Stephen Brennock of oil broker PVM. ""It will take a brave man to bet against the current bullish run of play.""Saudi Arabia this week pledged extra, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.However, analysts said oil prices could see a correction in coming months, if their rallies were not backed by stronger fuel demand.Severe mobility restrictions around the world to contain a surge in COVID-19 cases still weighed on fuel sales, weakening the prospect of energy demand recovery in the first half of 2021.""Oil markets are expected to stay in a bullish tone toward February,"" said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co.""But concerns over slower demand in gasoline and other fuels in the United States and other parts of the world due to wider restrictions to contain the spreading COVID-19 pandemic may limit gains.""The pandemic claimed its highest US death toll yet, killing more than 4,000 people in a single day, while China reported the biggest rise in daily cases in more than five months and Japan may extend a state of emergency beyond the greater Tokyo region.A rally in global shares also lent some support to oil prices, with Japan\'s Nikkei hitting a three-decade peak, as investors looked beyond rising coronavirus cases and focused on hopes for an economic recovery later in the year.As a sign of tighter supply following Saudi Arabia\'s cut, seven North Sea crude cargoes were bought and sold in the trading window operated by Platts on Thursday. Normally, just one or two cargoes change hands each day.', 'LONDON: Oil prices hit 11-month highs on Friday and were on track for a strong weekly gain, supported by Saudi Arabia\'s pledge to cut output and a rally in global equities as investors looked beyond rising coronavirus cases.Brent crude climbed 44 cents, or 0.8%, to $54.82 a barrel by 1007 GMT, the highest since late February, and US West Texas Intermediate (WTI) gained 36 cents, or 0.7%, to $51.19, also its highest level since late February.Both benchmarks were on track for weekly gains of around 6%.""The surprise Saudi cut is keeping bulls at the helm of the energy complex,"" said Stephen Brennock of oil broker PVM. ""It will take a brave man to bet against the current bullish run of play.""Earlier this week, Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.However, analysts said oil prices could see a correction in coming months, if their rallies were not backed by stronger fuel demand.Severe mobility restrictions around the world to contain a surge in COVID-19 cases still weighed on fuel sales, weakening the prospect of energy demand recovery in the first half of 2021.""Oil markets are expected to stay in a bullish tone toward February,"" said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co.""But concerns over slower demand in gasoline and other fuels in the United States and other parts of the world due to wider restrictions to contain the spreading COVID-19 pandemic may limit gains.""The pandemic claimed its highest US death toll yet, killing more than 4,000 people in a single day, while China reported the biggest rise in daily cases in more than five months and Japan may extend a state of emergency beyond the greater Tokyo region.A rally in global shares also lent some support to oil prices, with Japan\'s Nikkei hitting a three-decade peak, as investors looked beyond rising coronavirus cases and focused on hopes for an economic recovery later in the year.', 'TOKYO: Oil prices held near 11-month highs on Friday and were on track for a strong weekly gain as Saudi Arabia\'s pledge to cut output continued to buoy market sentiment.Brent crude climbed 13 cents, or 0.2%, to $54.51 a barrel by 0531 GMT. It touched $54.90 on Thursday, the highest since February.U.S. West Texas Intermediate (WTI) gained 14 cents, or 0.3%, to $50.97. The contract closed up 0.4% on Thursday after also hitting its highest since February at $51.28.Both benchmarks are on track for gains of about 5% for this week.""Saudi\'s decision to make voluntary cuts to its output continued to provide support,"" said Hiroyuki Kikukawa, general manager of research at Nissan Securities.""Strong global equities, backed by excessive liquidity, also prompted fresh buying in oil,"" he added, but warned that oil and stock markets may see a correction soon as their rallies do not reflect the current state of fuel demand and the global economy.Earlier this week Saudi Arabia, the world\'s biggest oil exporter, said it would cut output by an additional 1 million barrels per day (bpd) in February and March.On Thursday, seven North Sea crude cargoes were bought and sold in the trading window operated by Platts, a record amount that trade sources said may reflect tighter supply after the surprise cut.UBS raised its forecast for Brent to $60 per barrel by mid-year, following Saudi Arabia\'s unilateral cut and expectations of a sharp recovery in demand in the second quarter as coronavirus vaccine rollouts revived travel.Meanwhile, Asian shares rose to record highs on Friday, with Japan\'s Nikkei hitting a three-decade peak as investors looked beyond rising coronavirus cases and political unrest in the United States to focus on hopes for an economic recovery later in the year.    ""Oil markets are expected to stay in a bullish tone toward February on the back of Saudi\'s surprise promise to cut production,"" said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co.""But concerns over slower demand in gasoline and other fuels in the United States and other parts of the world due to wider restrictions to contain spreading COVID-19 pandemic may limit gains,"" he added.The raging pandemic claimed its highest U.S. death toll yet, killing more than 4,000 people in a single day, while China reported the biggest rise in daily cases in more than five months and Japan may extend a state of emergency beyond the greater Tokyo region.U.S. fuel inventories rose last week, with gasoline stocks  increasing by 4.5 million barrels, the biggest increase since April, the Energy Information Administration said on Wednesday.', 'LONDON:Oil prices hit 11-month highs and were on track for a weekly gain on Friday, supported by Saudi Arabia’s pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases.Brent crude climbed $0.83, or 1.5%, to $55.21 a barrel by 1202 GMT, the highest since late February, and US West Texas Intermediate (WTI) gained $0.66, or 1.3%, to $51.49, also its highest level since late February.Both were on track for weekly gains of more than 6%.“The surprise Saudi cut is keeping bulls at the helm,â€ÂÂ\x9d said Stephen Brennock of oil broker PVM. “It will take a brave man to bet against the current bullish run of play.â€ÂÂ\x9dSaudi Arabia this week pledged extra, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.However, analysts said oil prices could see a correction in coming months, if their rallies were not backed by stronger fuel demand.Severe mobility restrictions around the world to contain a surge in Covid-19 cases still weighed on fuel sales, weakening the prospect of energy demand recovery in the first half of 2021.“Oil markets are expected to stay in a bullish tone towards February,â€ÂÂ\x9d said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co.“But concerns over slower demand for gasoline and other fuels in the United States and other parts of the world due to wider restrictions to contain the spreading Covid-19 pandemic may limit gains.â€ÂÂ\x9dThe pandemic claimed its highest US death toll yet, killing more than 4,000 people in a single day, while China reported the biggest rise in daily cases in more than five months and Japan may extend a state of emergency beyond the greater Tokyo region.A rally in global shares also lent some support to oil prices, with Japan’s Nikkei hitting a three-decade peak, as investors looked beyond rising coronavirus cases and focused on hopes for an economic recovery later in the year.As a sign of tighter supply following Saudi Arabia’s cut, seven North Sea crude cargoes were bought and sold in the trading window operated by Platts on Thursday. Normally, just one or two cargoes change hands each day.']","['LONDON oil prices hit 11-month highs and were on track for a weekly gain on friday, supported by saudi arabia pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases.brent crude climbed 83 cents, or 1.5%, to $55.21 a barrel by 1202 GMT, the highest since late february, and US west texas intermediate (WTI) gained 66 cents, or 1.3%, to $51.49, also its highest level since late February.Both were on track for weekly gains of more than 6%.""the surprise saudi cut is keeping bulls at the helm,"" said stephen brennock of oil broker PVM. ""it will take a brave man to bet against the current bullish run of play.""saudi arabia this week pledged extra, voluntary oil output cuts of one million barrels per day (bpd) in february and march as part of a deal under which most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.however, analysts said oil prices could see a correction in coming months, if their rallies were not backed by stronger fuel demand.severe mobility restrictions around the world to contain a surge in COVID-19 cases still weighed on fuel sales, weakening the prospect of energy demand recovery in the first half of 2021.""oil markets are expected to stay in a bullish tone toward february,"" said kazuhiko saito, chief analyst at commodities broker fujitomi Co.""But concerns over slower demand in gasoline and other fuels in the united states and other parts of the world due to wider restrictions to contain the spreading COVID-19 pandemic may limit gains.""the pandemic claimed its highest US death toll yet, killing more than 4,000 people in a single day, while china reported the biggest rise in daily cases in more than five months and japan may extend a state of emergency beyond the greater tokyo region.a rally in global shares also lent some support to oil prices, with japan nikkei hitting a three-decade peak, as investors looked beyond rising coronavirus cases and focused on hopes for an economic recovery later in the year.as a sign of tighter supply following saudi arabia cut, seven north sea crude cargoes were bought and sold in the trading window operated by platts on thursday. normally, just one or two cargoes change hands each day.', 'LONDON oil prices hit 11-month highs on friday and were on track for a strong weekly gain, supported by saudi arabia pledge to cut output and a rally in global equities as investors looked beyond rising coronavirus cases.brent crude climbed 44 cents, or 0.8%, to $54.82 a barrel by 1007 GMT, the highest since late february, and US west texas intermediate (WTI) gained 36 cents, or 0.7%, to $51.19, also its highest level since late February.Both benchmarks were on track for weekly gains of around 6%.""the surprise saudi cut is keeping bulls at the helm of the energy complex,"" said stephen brennock of oil broker PVM. ""it will take a brave man to bet against the current bullish run of play.""earlier this week, saudi arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in february and march as part of a deal under which most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.however, analysts said oil prices could see a correction in coming months, if their rallies were not backed by stronger fuel demand.severe mobility restrictions around the world to contain a surge in COVID-19 cases still weighed on fuel sales, weakening the prospect of energy demand recovery in the first half of 2021.""oil markets are expected to stay in a bullish tone toward february,"" said kazuhiko saito, chief analyst at commodities broker fujitomi Co.""But concerns over slower demand in gasoline and other fuels in the united states and other parts of the world due to wider restrictions to contain the spreading COVID-19 pandemic may limit gains.""the pandemic claimed its highest US death toll yet, killing more than 4,000 people in a single day, while china reported the biggest rise in daily cases in more than five months and japan may extend a state of emergency beyond the greater tokyo region.a rally in global shares also lent some support to oil prices, with japan nikkei hitting a three-decade peak, as investors looked beyond rising coronavirus cases and focused on hopes for an economic recovery later in the year.', 'TOKYO oil prices held near 11-month highs on friday and were on track for a strong weekly gain as saudi arabia pledge to cut output continued to buoy market sentiment.brent crude climbed 13 cents, or 0.2%, to $54.51 a barrel by 0531 GMT. it touched $54.90 on thursday, the highest since February.U.S. west texas intermediate (WTI) gained 14 cents, or 0.3%, to $50.97. the contract closed up 0.4% on thursday after also hitting its highest since february at $51.28.both benchmarks are on track for gains of about 5% for this week.""saudi decision to make voluntary cuts to its output continued to provide support,"" said hiroyuki kikukawa, general manager of research at nissan Securities.""Strong global equities, backed by excessive liquidity, also prompted fresh buying in oil,"" he added, but warned that oil and stock markets may see a correction soon as their rallies do not reflect the current state of fuel demand and the global economy.earlier this week saudi arabia, the world biggest oil exporter, said it would cut output by an additional 1 million barrels per day (bpd) in february and March.On thursday, seven north sea crude cargoes were bought and sold in the trading window operated by platts, a record amount that trade sources said may reflect tighter supply after the surprise cut.UBS raised its forecast for brent to $60 per barrel by mid-year, following saudi arabia unilateral cut and expectations of a sharp recovery in demand in the second quarter as coronavirus vaccine rollouts revived travel.meanwhile, asian shares rose to record highs on friday, with japan nikkei hitting a three-decade peak as investors looked beyond rising coronavirus cases and political unrest in the united states to focus on hopes for an economic recovery later in the year. ""oil markets are expected to stay in a bullish tone toward february on the back of saudi surprise promise to cut production,"" said kazuhiko saito, chief analyst at commodities broker fujitomi Co.""But concerns over slower demand in gasoline and other fuels in the united states and other parts of the world due to wider restrictions to contain spreading COVID-19 pandemic may limit gains,"" he added.the raging pandemic claimed its highest U.S. death toll yet, killing more than 4,000 people in a single day, while china reported the biggest rise in daily cases in more than five months and japan may extend a state of emergency beyond the greater tokyo region.U.S. fuel inventories rose last week, with gasoline stocks increasing by 4.5 million barrels, the biggest increase since april, the energy information administration said on wednesday.', 'LONDON oil prices hit 11-month highs and were on track for a weekly gain on friday, supported by saudi arabias pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases.brent crude climbed $0.83, or 1.5%, to $55.21 a barrel by 1202 GMT, the highest since late february, and US west texas intermediate (WTI) gained $0.66, or 1.3%, to $51.49, also its highest level since late February.Both were on track for weekly gains of more than 6%.the surprise saudi cut is keeping bulls at the helm, said stephen brennock of oil broker PVM. it will take a brave man to bet against the current bullish run of play.saudi arabia this week pledged extra, voluntary oil output cuts of one million barrels per day (bpd) in february and march as part of a deal under which most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.however, analysts said oil prices could see a correction in coming months, if their rallies were not backed by stronger fuel demand.severe mobility restrictions around the world to contain a surge in Covid-19 cases still weighed on fuel sales, weakening the prospect of energy demand recovery in the first half of 2021.oil markets are expected to stay in a bullish tone towards february, said kazuhiko saito, chief analyst at commodities broker fujitomi Co.But concerns over slower demand for gasoline and other fuels in the united states and other parts of the world due to wider restrictions to contain the spreading Covid-19 pandemic may limit gains.the pandemic claimed its highest US death toll yet, killing more than 4,000 people in a single day, while china reported the biggest rise in daily cases in more than five months and japan may extend a state of emergency beyond the greater tokyo region.a rally in global shares also lent some support to oil prices, with japans nikkei hitting a three-decade peak, as investors looked beyond rising coronavirus cases and focused on hopes for an economic recovery later in the year.as a sign of tighter supply following saudi arabias cut, seven north sea crude cargoes were bought and sold in the trading window operated by platts on thursday. normally, just one or two cargoes change hands each day.']","['https://www.brecorder.com/news/40049088/oil-set-for-weekly-gain-on-saudi-output-cut-pledge', 'https://www.brecorder.com/news/40049054/oil-set-for-weekly-gain-on-saudi-output-cut-pledge', 'https://www.brecorder.com/news/40049001/oil-near-11-month-highs-on-saudi-output-cut-pledge-equities-rally', 'https://tribune.com.pk/story/2279213/oil-set-for-weekly-gain-on-saudi-output-cut-pledge']","['brent, , ']","['brent crude climbed', 'brent crude climbed', 'brent crude climbed', 'brent crude climbed']","['pos', 'pos', 'pos', 'pos']",113.87,"[4.35, 4.35, 4.35, 4.35]",4.35,0,2,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""While the overall news sentiment is positive, and the market signal indicates a �strong buy�, suggesting an opportunity to increase exposure, it's prudent to consider holding the position instead of immediately buying more. Holding allows investors to monitor the market closely for potential fluctuations or further confirmation of the bullish trend before making additional investment decisions. Additionally, holding provides an opportunity to reassess the risk profile and potential returns associated with the current position.""
}"
1/11/2021,"['Oil rises above $55', 'Stocks slip on virus fears, dollar hits highest in 2-1/2 weeks', 'Oil falls on renewed lockdowns, stronger dollar', 'Oil falls on renewed lockdowns, stronger dollar', 'Oil prices fall on renewed coronavirus concerns as China cases climb', 'Oil falls on renewed lockdowns, stronger dollar', 'Oil falls on renewed lockdowns, stronger dollar']","['oil rises above $55', 'stocks slip on virus fears, dollar hits highest in 2-1/2 weeks', 'oil falls on renewed lockdowns, stronger dollar', 'oil falls on renewed lockdowns, stronger dollar', 'oil prices fall on renewed coronavirus concerns as china cases climb', 'oil falls on renewed lockdowns, stronger dollar', 'oil falls on renewed lockdowns, stronger dollar']","['Business Recorder', 'Business Recorder', 'Tribune', 'Tribune', 'Dawn', 'Business Recorder', 'Business Recorder']","['LONDON: Oil prices hit 11-month highs and were on track for a weekly gain on Friday, supported by Saudi Arabia’s pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases.Brent crude climbed 88 cents, or 1.6%, to $55.26 a barrel by 1436 GMT, the highest since late February, and US West Texas Intermediate (WTI) gained 79 cents, or 1.6%, to $51.62, also its highest level since late February.Both were on track for weekly gains of more than 6%.“The surprise Saudi cut is keeping bulls at the helm,â€Â\x9d said Stephen Brennock of oil broker PVM. “It will take a brave man to bet against the current bullish run of play.â€Â\x9dSaudi Arabia this week pledged extra, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.However, analysts said oil prices could see a correction in the coming months if their rallies were not backed by stronger fuel demand.Severe mobility restrictions around the world to contain a surge in COVID-19 weighed on fuel sales, weakening the prospect of an energy demand recovery in the first half of 2021.“Despite the widespread optimism, the market remains in a fragile state as COVID-19 continues to spread... As people sit at home and consume and commute less, oil demand will struggle to fully recover in the first quarter of 2021,â€Â\x9d said Rystad Energy’s senior Oil markets analyst Paola Rodriguez Masiu.The pandemic claimed its highest US death toll yet, killing more than 4,000 people in a single day, while China reported the biggest rise in daily cases in more than five months and Japan may extend a state of emergency beyond the greater Tokyo region.A rally in global shares also lent some support to oil prices, with Japan’s Nikkei hitting a three-decade peak, as investors focused on hopes for an economic recovery later in the year.In a sign of tighter supply following Saudi Arabia’s cut, seven North Sea crude cargoes were bought and sold in the trading window operated by Platts on Thursday. Normally, just one or two cargoes change hands each day.—Reuters', 'LONDON: World shares came off record highs on Monday as caution over rising coronavirus cases saw some profit-taking from investors, while elevated Treasury yields helped the dollar hit its highest levels in over two and a half weeks.Worldwide coronavirus cases surpassed 90 million on Monday, according to a Reuters tally.European shares dipped in early trading, with rising coronavirus cases across the continent and China dragging down commodity stocks. Germany\'s DAX lost 0.55%, Britain\'s FTSE 100, Italy\'s FTSE MIB, and France\'s CAC 40 fell about half a percent each, and Spain\'s IBEX fell 0.2%.The pan-European STOXX 600 index was down 0.3%.With Asian stock markets also lower, MSCI\'s All Country World index, which tracks stocks across 49 countries, was down 0.2%, just off Friday\'s record high.Futures for the S&P 500 slipped 0.6% from record highs, after gaining 1.8% last week.""There was an awful lot of optimism about prospects for stimulus with the Biden administration winning those two Georgia Senate seats,"" said Michael Hewson, chief markets analyst at CMC Markets in London, noting Friday\'s record highs that followed the Democrats winning control of the US Senate.""Friday\'s (US) payrolls report was disappointing, underscoring the need for more significant fiscal response. But as we head into week two (of the new year), I think some of that optimism has been tempered a little bit with profit-taking.""In Asia, MSCI\'s broadest index of Asia-Pacific shares outside Japan dipped 0.2%, having surged 5% last week to record highs. Japan\'s Nikkei was closed for a holiday after ending at a 30-year high on Friday.South Korea reversed an early jump to fall 0.1%, and Chinese blue chips fell 1%.Last week, Wall Street bankers warned of toppy stock markets and a looming retreat after exuberance from unprecedented economic stimulus had led to ""frothy"" asset prices.""I think there\'s a perception perhaps markets are getting slightly ahead of themselves,"" Hewson said.Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note to clients that he didn\'t see valuations as a barrier for the equity rally to continue, ""especially against the backdrop of continued policy stimulus and the rollout of vaccines.""Longer-term Treasury yields were at their highest since March after Friday\'s weak jobs report fanned speculation of more US fiscal stimulus now that the Democrats have control of the government.President-elect Joe Biden is due to announce plans for ""trillions"" in new relief bills this week, much of which will be paid for by increased borrowing.At the same time, the Federal Reserve is sounding content to put the onus on fiscal policy. Vice Chair Richard Clarida said there would be no change soon to the $120 billion of debt the Fed is buying each month.With the Fed reluctant to purchase more longer-dated bonds, 10-year Treasury yields jumped almost 20 basis points last week to 1.12%, the biggest weekly rise since June.Mark Cabana at BofA warned stimulus could further pressure the dollar and cause Fed tapering to begin later this year.""An early Fed taper creates upside risks to our year-end 1.5% 10-year Treasury target and supports our longer-term expectations for neutral rates moving towards 3%,"" he said in a note to clients.The poor payrolls report will heighten interest in US data on inflation, retail sales and consumer sentiment.Earnings will also be in focus as JP Morgan, Citigroup and Wells Fargo are among the first companies to release fourth-quarter results on Jan. 15.The climb in yields in turn offered some support to the dollar, which rose to its highest in over two weeks at 90.520 against a basket of currencies from last week\'s low of 89.206.The euro fell to its lowest since Dec. 23 at $1.2155, from a recent higher of $1.2349, breaking support around $1.2190. The dollar also gained to 104.18 yen from a trough of 102.57 hit last week.Gold, which pays no interest, rose 0.1% to $1,850 an ounce after skidding as low as $1,816.Brent crude oil prices fell, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns across the globe, as well as the stronger dollar.Brent crude futures fell 1.3% to $55.25. US crude futures lost 0.7% to $51.84 a barrel.', 'LONDON:Brent crude oil prices fell as much as $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns around the world, as well as a stronger US dollar.Brent was down $0.57, or 1%, at $55.42 a barrel at 1205 GMT, after falling $1 to a session low of $54.99 earlier. US West Texas Intermediate (WTI) slipped $0.26, or 0.5%, to $51.98 a barrel.“Renewed concerns about demand due to very high numbers of new coronavirus cases and further mobility restrictions, plus the stronger US dollar, are generating selling pressure,â€ÂÂ\x9d Commerzbank analyst Eugen Weinberg said.Worldwide coronavirus cases surpassed 90 million, according to a Reuters’ tally. Despite strict national lockdowns, Britain is facing the worst weeks of the pandemic, and in Germany cases are still rising.“The recovery in oil demand is stalling in Europe in particular due to the prolonged lockdowns. Concerns over Chinese demand are also growing due to the spike in Covid-19 cases in the country, as traders fear new lockdowns,â€ÂÂ\x9d said Rystad Energy analyst Bjornar Tonhaugen.Mainland China saw its biggest daily increase in virus infections in more than five months, authorities said, as new infections rose in Hebei, which surrounds the capital, Beijing.Shijiazhuang, the provincial capital and epicentre of the new outbreak, is in lockdown, with people and vehicles barred from leaving, as authorities seek to rein in the spread.A stronger dollar, supported by hopes for more stimulus to boost the world’s largest economy, also weighed on oil prices. Oil is usually priced in dollars, so a stronger dollar makes crude more expensive for buyers with other currencies.Brent and WTI rose almost 8% last week, supported by Saudi Arabia’s pledge for a voluntary oil output cut of 1 million barrels per day (bpd) in February and March as part of a deal for most OPEC+ producers to hold production steady.The Saudi cut is expected to bring the oil market into deficit for most of 2021, even though lockdowns are hitting demand, analysts said.Tougher containment measures to curb the virus introduced by European countries were concerning for fuel demand, JBC Energy Research said on Monday, but added “our projections suggest that this latest Saudi production cut should be enough to keep crude fundamentals broadly solid.â€ÂÂ\x9d', 'LONDON:Brent crude oil prices fell as much as $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns around the world, as well as a stronger US dollar.Brent was down $0.57, or 1%, at $55.42 a barrel at 1205 GMT, after falling $1 to a session low of $54.99 earlier. US West Texas Intermediate (WTI) slipped $0.26, or 0.5%, to $51.98 a barrel.“Renewed concerns about demand due to very high numbers of new coronavirus cases and further mobility restrictions, plus the stronger US dollar, are generating selling pressure,â€ÂÂ\x9d Commerzbank analyst Eugen Weinberg said.Worldwide coronavirus cases surpassed 90 million, according to a Reuters’ tally. Despite strict national lockdowns, Britain is facing the worst weeks of the pandemic, and in Germany cases are still rising.“The recovery in oil demand is stalling in Europe in particular due to the prolonged lockdowns. Concerns over Chinese demand are also growing due to the spike in Covid-19 cases in the country, as traders fear new lockdowns,â€ÂÂ\x9d said Rystad Energy analyst Bjornar Tonhaugen.Mainland China saw its biggest daily increase in virus infections in more than five months, authorities said, as new infections rose in Hebei, which surrounds the capital, Beijing.Shijiazhuang, the provincial capital and epicentre of the new outbreak, is in lockdown, with people and vehicles barred from leaving, as authorities seek to rein in the spread.A stronger dollar, supported by hopes for more stimulus to boost the world’s largest economy, also weighed on oil prices. Oil is usually priced in dollars, so a stronger dollar makes crude more expensive for buyers with other currencies.Brent and WTI rose almost 8% last week, supported by Saudi Arabia’s pledge for a voluntary oil output cut of 1 million barrels per day (bpd) in February and March as part of a deal for most OPEC+ producers to hold production steady.The Saudi cut is expected to bring the oil market into deficit for most of 2021, even though lockdowns are hitting demand, analysts said.Tougher containment measures to curb the virus introduced by European countries were concerning for fuel demand, JBC Energy Research said on Monday, but added “our projections suggest that this latest Saudi production cut should be enough to keep crude fundamentals broadly solid.â€ÂÂ\x9d', 'Brent crude oil prices fell by $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns in Europe and new curbs on movement in China, the world���������s second-largest oil user, where infections jumped.Brent crude oil futures were down 78 cents, or 1.4 per cent, at $55.21 a barrel, after falling $1 to a session low of $54.99 earlier. Brent rose in the previous four sessions.US West Texas Intermediate (WTI) slipped 44 cents, or 0.8pc, to $51.80 a barrel. WTI rose to its highest in nearly a year on Friday.���������Covid hot spots flaring again in Asia, with 11 million people [in] lockdowns in China���������s Hebei province [...] along with a touch of Fed policy uncertainty, has triggered some profit taking out of the gates,��������� Stephen Innes, chief global market strategist at Axi, said in a note.Mainland China saw its biggest daily increase in virus infections in more than five months,ng.Shijiazhuang, the provincial capital and epicentre of the new outbreak, is in lockdown, with people and vehicles barred from leaving, as authorities seek to rein in the spread.Most of Europe is now under the strictest restrictions, according to the Oxford stringency index, which tracks measures such as travel bans and school and workplace closures.���������Brent is underperforming after Crown Prince Mohammed bin Salman revealed Saudi Arabia���������s future beyond oil and Iraq increased their pricing for crude sales to Asia in February,��������� said Edward Moya, a senior market analyst at OANDA.The Saudi crown prince unveiled plans on Sunday to build a zero-carbon city at NEOM, the first major construction project for the $500 billion flagship business zone aimed at diversifying the economy of the world���������s largest oil exporter.Still, oil price losses were curbed by plans for US President-elect Joe Biden to announce trillions ofe prices were supported by Saudi Arabia���������s pledge last week for a voluntary oil output cut of 1 million barrels per day (bpd) in February and March as part of a deal for most Organisation of the Petroleum Exporting Countries+ producers to hold production stea', 'LONDON: Brent crude oil prices fell as much as $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns around the world, as well as a stronger US dollar.Brent was down 57 cents, or 1%, at $55.42 a barrel at 1205 GMT, after falling $1 to a session low of $54.99 earlier.US West Texas Intermediate (WTI) slipped 26 cents, or 0.5%, to $51.98 a barrel.""The renewed concerns about demand due to very high numbers of new corona cases and further mobility restrictions, plus the stronger US dollar, are generating selling pressure,"" Commerzbank analyst Eugen Weinberg said.Worldwide coronavirus cases surpassed 90 million, according to a Reuters tally.Despite strict national lockdowns, Britain is facing the worst weeks of the pandemic, and in Germany cases are still rising.""The recovery in oil demand is stalling in Europe in particular due to the prolonged lockdowns. Concerns over Chinese demand are also growing due to the spike in Covid-19 cases in the country, as traders fear new lockdowns,"" said Rystad Energy\'s analyst Bjornar Tonhaugen.Mainland China saw its biggest daily increase in virus infections in more than five months, authorities said, as new infections rose in Hebei, which surrounds the capital, Beijing.Shijiazhuang, the provincial capital and epicentre of the new outbreak, is in lockdown, with people and vehicles barred from leaving, as authorities seek to rein in the spread.A stronger dollar, supported by hopes for more stimulus to boost the world\'s largest economy, also weighed on oil prices.Oil is usually priced in dollars, so a stronger dollar makes crude more expensive for buyers with other currencies.Brent and WTI rose almost 8% last week, supported by Saudi Arabia\'s pledge for a voluntary oil output cut of 1 million barrels per day (bpd) in February and March as part of a deal for most OPEC+ producers to hold production steady.The Saudi cut is expected to bring the oil market into deficit for most of 2021 even though lockdowns are hitting demand, analysts said.Tougher containment measures to curb the virus introduced by European countries were concerning for fuel demand, JBC Energy Research said on Monday, but added: ""Our projections suggest that this latest Saudi production cut should be enough to keep crude fundamentals broadly solid.""', 'LONDON: Brent crude oil prices fell as much as $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns around the world, as well as a stronger US dollar.Brent was down 57 cents, or 1%, at $55.42 a barrel at 1205 GMT, after falling $1 to a session low of $54.99 earlier.US West Texas Intermediate (WTI) slipped 26 cents, or 0.5%, to $51.98 a barrel.""The renewed concerns about demand due to very high numbers of new corona cases and further mobility restrictions, plus the stronger US dollar, are generating selling pressure,"" Commerzbank analyst Eugen Weinberg said.Worldwide coronavirus cases surpassed 90 million, according to a Reuters tally.Despite strict national lockdowns, Britain is facing the worst weeks of the pandemic, and in Germany cases are still rising.""The recovery in oil demand is stalling in Europe in particular due to the prolonged lockdowns. Concerns over Chinese demand are also growing due to the spike in Covid-19 cases in the country, as traders fear new lockdowns,"" said Rystad Energy\'s analyst Bjornar Tonhaugen.Mainland China saw its biggest daily increase in virus infections in more than five months, authorities said, as new infections rose in Hebei, which surrounds the capital, Beijing.Shijiazhuang, the provincial capital and epicentre of the new outbreak, is in lockdown, with people and vehicles barred from leaving, as authorities seek to rein in the spread.A stronger dollar, supported by hopes for more stimulus to boost the world\'s largest economy, also weighed on oil prices.Oil is usually priced in dollars, so a stronger dollar makes crude more expensive for buyers with other currencies.Brent and WTI rose almost 8% last week, supported by Saudi Arabia\'s pledge for a voluntary oil output cut of 1 million barrels per day (bpd) in February and March as part of a deal for most OPEC+ producers to hold production steady.The Saudi cut is expected to bring the oil market into deficit for most of 2021 even though lockdowns are hitting demand, analysts said.Tougher containment measures to curb the virus introduced by European countries were concerning for fuel demand, JBC Energy Research said on Monday, but added: ""Our projections suggest that this latest Saudi production cut should be enough to keep crude fundamentals broadly solid.""']","['LONDON oil prices hit 11-month highs and were on track for a weekly gain on friday, supported by saudi arabias pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases.brent crude climbed 88 cents, or 1.6%, to $55.26 a barrel by 1436 GMT, the highest since late february, and US west texas intermediate (WTI) gained 79 cents, or 1.6%, to $51.62, also its highest level since late February.Both were on track for weekly gains of more than 6%.the surprise saudi cut is keeping bulls at the helm, said stephen brennock of oil broker PVM. it will take a brave man to bet against the current bullish run of play.saudi arabia this week pledged extra, voluntary oil output cuts of one million barrels per day (bpd) in february and march as part of a deal under which most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.however, analysts said oil prices could see a correction in the coming months if their rallies were not backed by stronger fuel demand.severe mobility restrictions around the world to contain a surge in COVID-19 weighed on fuel sales, weakening the prospect of an energy demand recovery in the first half of 2021.despite the widespread optimism, the market remains in a fragile state as COVID-19 continues to spread. as people sit at home and consume and commute less, oil demand will struggle to fully recover in the first quarter of 2021, said rystad energys senior oil markets analyst paola rodriguez Masiu.The pandemic claimed its highest US death toll yet, killing more than 4,000 people in a single day, while china reported the biggest rise in daily cases in more than five months and japan may extend a state of emergency beyond the greater tokyo region.a rally in global shares also lent some support to oil prices, with japans nikkei hitting a three-decade peak, as investors focused on hopes for an economic recovery later in the year.in a sign of tighter supply following saudi arabias cut, seven north sea crude cargoes were bought and sold in the trading window operated by platts on thursday. normally, just one or two cargoes change hands each day.reuters', 'LONDON world shares came off record highs on monday as caution over rising coronavirus cases saw some profit-taking from investors, while elevated treasury yields helped the dollar hit its highest levels in over two and a half weeks.worldwide coronavirus cases surpassed 90 million on monday, according to a reuters tally.european shares dipped in early trading, with rising coronavirus cases across the continent and china dragging down commodity stocks. germany DAX lost 0.55%, britain FTSE 100, italy FTSE MIB, and france CAC 40 fell about half a percent each, and spain IBEX fell 0.2%.the pan-European STOXX 600 index was down 0.3%.with asian stock markets also lower, MSCI all country world index, which tracks stocks across 49 countries, was down 0.2%, just off friday record high.futures for the S&P 500 slipped 0.6% from record highs, after gaining 1.8% last week.""there was an awful lot of optimism about prospects for stimulus with the biden administration winning those two georgia senate seats,"" said michael hewson, chief markets analyst at CMC markets in london, noting friday record highs that followed the democrats winning control of the US Senate.""Friday (US) payrolls report was disappointing, underscoring the need for more significant fiscal response. but as we head into week two (of the new year), I think some of that optimism has been tempered a little bit with profit-taking.""In asia, MSCI broadest index of Asia-Pacific shares outside japan dipped 0.2%, having surged 5% last week to record highs. japan nikkei was closed for a holiday after ending at a 30-year high on Friday.South korea reversed an early jump to fall 0.1%, and chinese blue chips fell 1%.last week, wall street bankers warned of toppy stock markets and a looming retreat after exuberance from unprecedented economic stimulus had led to ""frothy"" asset prices.""i think there a perception perhaps markets are getting slightly ahead of themselves,"" hewson said.mark haefele, chief investment officer at UBS global wealth management, said in a note to clients that he didn\'t see valuations as a barrier for the equity rally to continue, ""especially against the backdrop of continued policy stimulus and the rollout of vaccines.""Longer-term treasury yields were at their highest since march after friday weak jobs report fanned speculation of more US fiscal stimulus now that the democrats have control of the government.President-elect joe biden is due to announce plans for ""trillions"" in new relief bills this week, much of which will be paid for by increased borrowing.at the same time, the federal reserve is sounding content to put the onus on fiscal policy. vice chair richard clarida said there would be no change soon to the $120 billion of debt the fed is buying each month.with the fed reluctant to purchase more longer-dated bonds, 10-year treasury yields jumped almost 20 basis points last week to 1.12%, the biggest weekly rise since June.Mark cabana at BofA warned stimulus could further pressure the dollar and cause fed tapering to begin later this year.""an early fed taper creates upside risks to our year-end 1.5% 10-year treasury target and supports our longer-term expectations for neutral rates moving towards 3%,"" he said in a note to clients.the poor payrolls report will heighten interest in US data on inflation, retail sales and consumer sentiment.earnings will also be in focus as JP morgan, citigroup and wells fargo are among the first companies to release fourth-quarter results on jan. 15.the climb in yields in turn offered some support to the dollar, which rose to its highest in over two weeks at 90.520 against a basket of currencies from last week low of 89.206.the euro fell to its lowest since dec. 23 at $1.2155, from a recent higher of $1.2349, breaking support around $1.2190. the dollar also gained to 104.18 yen from a trough of 102.57 hit last week.gold, which pays no interest, rose 0.1% to $1,850 an ounce after skidding as low as $1,816.brent crude oil prices fell, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns across the globe, as well as the stronger dollar.brent crude futures fell 1.3% to $55.25. US crude futures lost 0.7% to $51.84 a barrel.', 'LONDON brent crude oil prices fell as much as $1 per barrel on monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns around the world, as well as a stronger US dollar.brent was down $0.57, or 1%, at $55.42 a barrel at 1205 GMT, after falling $1 to a session low of $54.99 earlier. US west texas intermediate (WTI) slipped $0.26, or 0.5%, to $51.98 a barrel.renewed concerns about demand due to very high numbers of new coronavirus cases and further mobility restrictions, plus the stronger US dollar, are generating selling pressure, commerzbank analyst eugen weinberg said.worldwide coronavirus cases surpassed 90 million, according to a reuters tally. despite strict national lockdowns, britain is facing the worst weeks of the pandemic, and in germany cases are still rising.the recovery in oil demand is stalling in europe in particular due to the prolonged lockdowns. concerns over chinese demand are also growing due to the spike in Covid-19 cases in the country, as traders fear new lockdowns, said rystad energy analyst bjornar Tonhaugen.Mainland china saw its biggest daily increase in virus infections in more than five months, authorities said, as new infections rose in hebei, which surrounds the capital, Beijing.Shijiazhuang, the provincial capital and epicentre of the new outbreak, is in lockdown, with people and vehicles barred from leaving, as authorities seek to rein in the spread.a stronger dollar, supported by hopes for more stimulus to boost the worlds largest economy, also weighed on oil prices. oil is usually priced in dollars, so a stronger dollar makes crude more expensive for buyers with other currencies.brent and WTI rose almost 8% last week, supported by saudi arabias pledge for a voluntary oil output cut of 1 million barrels per day (bpd) in february and march as part of a deal for most OPEC+ producers to hold production steady.the saudi cut is expected to bring the oil market into deficit for most of 2021, even though lockdowns are hitting demand, analysts said.tougher containment measures to curb the virus introduced by european countries were concerning for fuel demand, JBC energy research said on monday, but added our projections suggest that this latest saudi production cut should be enough to keep crude fundamentals broadly solid.', 'LONDON brent crude oil prices fell as much as $1 per barrel on monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns around the world, as well as a stronger US dollar.brent was down $0.57, or 1%, at $55.42 a barrel at 1205 GMT, after falling $1 to a session low of $54.99 earlier. US west texas intermediate (WTI) slipped $0.26, or 0.5%, to $51.98 a barrel.renewed concerns about demand due to very high numbers of new coronavirus cases and further mobility restrictions, plus the stronger US dollar, are generating selling pressure, commerzbank analyst eugen weinberg said.worldwide coronavirus cases surpassed 90 million, according to a reuters tally. despite strict national lockdowns, britain is facing the worst weeks of the pandemic, and in germany cases are still rising.the recovery in oil demand is stalling in europe in particular due to the prolonged lockdowns. concerns over chinese demand are also growing due to the spike in Covid-19 cases in the country, as traders fear new lockdowns, said rystad energy analyst bjornar Tonhaugen.Mainland china saw its biggest daily increase in virus infections in more than five months, authorities said, as new infections rose in hebei, which surrounds the capital, Beijing.Shijiazhuang, the provincial capital and epicentre of the new outbreak, is in lockdown, with people and vehicles barred from leaving, as authorities seek to rein in the spread.a stronger dollar, supported by hopes for more stimulus to boost the worlds largest economy, also weighed on oil prices. oil is usually priced in dollars, so a stronger dollar makes crude more expensive for buyers with other currencies.brent and WTI rose almost 8% last week, supported by saudi arabias pledge for a voluntary oil output cut of 1 million barrels per day (bpd) in february and march as part of a deal for most OPEC+ producers to hold production steady.the saudi cut is expected to bring the oil market into deficit for most of 2021, even though lockdowns are hitting demand, analysts said.tougher containment measures to curb the virus introduced by european countries were concerning for fuel demand, JBC energy research said on monday, but added our projections suggest that this latest saudi production cut should be enough to keep crude fundamentals broadly solid.', 'brent crude oil prices fell by $1 per barrel on monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns in europe and new curbs on movement in china, the worlds second-largest oil user, where infections jumped.brent crude oil futures were down 78 cents, or 1.4 per cent, at $55.21 a barrel, after falling $1 to a session low of $54.99 earlier. brent rose in the previous four sessions.US west texas intermediate (WTI) slipped 44 cents, or 0.8pc, to $51.80 a barrel. WTI rose to its highest in nearly a year on Friday.Covid hot spots flaring again in asia, with 11 million people [in] lockdowns in chinas hebei province [.] along with a touch of fed policy uncertainty, has triggered some profit taking out of the gates, stephen innes, chief global market strategist at axi, said in a note.mainland china saw its biggest daily increase in virus infections in more than five months,ng.shijiazhuang, the provincial capital and epicentre of the new outbreak, is in lockdown, with people and vehicles barred from leaving, as authorities seek to rein in the spread.most of europe is now under the strictest restrictions, according to the oxford stringency index, which tracks measures such as travel bans and school and workplace closures.brent is underperforming after crown prince mohammed bin salman revealed saudi arabias future beyond oil and iraq increased their pricing for crude sales to asia in february, said edward moya, a senior market analyst at OANDA.The saudi crown prince unveiled plans on sunday to build a zero-carbon city at NEOM, the first major construction project for the $500 billion flagship business zone aimed at diversifying the economy of the worlds largest oil exporter.still, oil price losses were curbed by plans for US President-elect joe biden to announce trillions ofe prices were supported by saudi arabias pledge last week for a voluntary oil output cut of 1 million barrels per day (bpd) in february and march as part of a deal for most organisation of the petroleum exporting countries+ producers to hold production stea', 'LONDON brent crude oil prices fell as much as $1 per barrel on monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns around the world, as well as a stronger US dollar.brent was down 57 cents, or 1%, at $55.42 a barrel at 1205 GMT, after falling $1 to a session low of $54.99 earlier.US west texas intermediate (WTI) slipped 26 cents, or 0.5%, to $51.98 a barrel.""the renewed concerns about demand due to very high numbers of new corona cases and further mobility restrictions, plus the stronger US dollar, are generating selling pressure,"" commerzbank analyst eugen weinberg said.worldwide coronavirus cases surpassed 90 million, according to a reuters tally.despite strict national lockdowns, britain is facing the worst weeks of the pandemic, and in germany cases are still rising.""the recovery in oil demand is stalling in europe in particular due to the prolonged lockdowns. concerns over chinese demand are also growing due to the spike in Covid-19 cases in the country, as traders fear new lockdowns,"" said rystad energy analyst bjornar Tonhaugen.Mainland china saw its biggest daily increase in virus infections in more than five months, authorities said, as new infections rose in hebei, which surrounds the capital, Beijing.Shijiazhuang, the provincial capital and epicentre of the new outbreak, is in lockdown, with people and vehicles barred from leaving, as authorities seek to rein in the spread.a stronger dollar, supported by hopes for more stimulus to boost the world largest economy, also weighed on oil prices.oil is usually priced in dollars, so a stronger dollar makes crude more expensive for buyers with other currencies.brent and WTI rose almost 8% last week, supported by saudi arabia pledge for a voluntary oil output cut of 1 million barrels per day (bpd) in february and march as part of a deal for most OPEC+ producers to hold production steady.the saudi cut is expected to bring the oil market into deficit for most of 2021 even though lockdowns are hitting demand, analysts said.tougher containment measures to curb the virus introduced by european countries were concerning for fuel demand, JBC energy research said on monday, but added ""our projections suggest that this latest saudi production cut should be enough to keep crude fundamentals broadly solid.""', 'LONDON brent crude oil prices fell as much as $1 per barrel on monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns around the world, as well as a stronger US dollar.brent was down 57 cents, or 1%, at $55.42 a barrel at 1205 GMT, after falling $1 to a session low of $54.99 earlier.US west texas intermediate (WTI) slipped 26 cents, or 0.5%, to $51.98 a barrel.""the renewed concerns about demand due to very high numbers of new corona cases and further mobility restrictions, plus the stronger US dollar, are generating selling pressure,"" commerzbank analyst eugen weinberg said.worldwide coronavirus cases surpassed 90 million, according to a reuters tally.despite strict national lockdowns, britain is facing the worst weeks of the pandemic, and in germany cases are still rising.""the recovery in oil demand is stalling in europe in particular due to the prolonged lockdowns. concerns over chinese demand are also growing due to the spike in Covid-19 cases in the country, as traders fear new lockdowns,"" said rystad energy analyst bjornar Tonhaugen.Mainland china saw its biggest daily increase in virus infections in more than five months, authorities said, as new infections rose in hebei, which surrounds the capital, Beijing.Shijiazhuang, the provincial capital and epicentre of the new outbreak, is in lockdown, with people and vehicles barred from leaving, as authorities seek to rein in the spread.a stronger dollar, supported by hopes for more stimulus to boost the world largest economy, also weighed on oil prices.oil is usually priced in dollars, so a stronger dollar makes crude more expensive for buyers with other currencies.brent and WTI rose almost 8% last week, supported by saudi arabia pledge for a voluntary oil output cut of 1 million barrels per day (bpd) in february and march as part of a deal for most OPEC+ producers to hold production steady.the saudi cut is expected to bring the oil market into deficit for most of 2021 even though lockdowns are hitting demand, analysts said.tougher containment measures to curb the virus introduced by european countries were concerning for fuel demand, JBC energy research said on monday, but added ""our projections suggest that this latest saudi production cut should be enough to keep crude fundamentals broadly solid.""']","['https://www.brecorder.com/news/40049189/oil-rises-above-55', 'https://www.brecorder.com/news/40049847/stocks-slip-on-virus-fears-dollar-hits-highest-in-2-12-weeks', 'https://tribune.com.pk/story/2279544/oil-falls-on-renewed-lockdowns-stronger-dollar', 'https://tribune.com.pk/story/2279544/oil-falls-on-renewed-lockdowns-stronger-dollar', 'https://www.dawn.com/news/1600934/oil-prices-fall-on-renewed-coronavirus-concerns-as-china-cases-climb', 'https://www.brecorder.com/news/40049831/oil-falls-on-renewed-lockdowns-stronger-dollar', 'https://www.brecorder.com/news/40049831/oil-falls-on-renewed-lockdowns-stronger-dollar']","['brent, , ']","['brent crude climbed', 'oil prices fell', 'brent was down', 'oil prices fell', 'oil prices fell', 'brent was down', 'oil prices fell']","['pos', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg']",113.58,"[4.35, -5.33, -1.43, -5.33, -5.33, -1.43, -5.33]",-2.83,0,3,3,0,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""The market signal indicates a buy opportunity. Although the news sentiment is negative, the positive market signal suggests a bullish outlook. Investors are advised to consider the technical indicators and proceed with caution.""
}"
1/13/2021,"['Most major markets end higher on oil price gains', 'Stocks rise, U.S. yield falls; demand weighs on oil', 'Oil falls as pandemic fuel demand threat faces U.S. crude drawdown']","['most major markets end higher on oil price gains', 'stocks rise, U.S. yield falls demand weighs on oil', 'oil falls as pandemic fuel demand threat faces U.S. crude drawdown']","['Business Recorder', 'Business Recorder', 'Business Recorder']","[""Most major Gulf stock markets finished higher on Wednesday as oil prices jumped after industry data showed a bigger-than-expected drop in US crude inventories, before rising global COVID-19 infections capped the crude price gains.Brent crude rose to a session high of $57.42 a barrel, their highest since Feb. 24, before prices steadied.In Dubai, the main index firmed 0.8% for its fifth straight session of gains, with the emirate's biggest bank Emirates NBD putting on 1.3% to finish as the best performer in the bechmark.Blue-chip developer Emaar Properties advanced 1.5%, while sharia-compliant lender Dubai Islamic Bank tacked on 1%.The Abu Dhabi index also strengthened for a fifth successive trading day, adding 0.6%.The gains in the benchmark were mainly driven by United Arab Emirates' largest lender First Abu Dhabi Bank (FAB), which added 1.2% on the day.FAB on Tuesday said it has issued a 1.5 billion yuan ($232.20 million) five-year bond at 3.15%, the year's first yuan debt in the Formosa bond market.Saudi Arabia's benchmark index gained 0.3%, aided primarily by a 3.2% rise in healthcare firm Dr. Sulaiman Al-Habib Medical Services Group Co.Saudi Arabia's biggest lender National Commercial Bank firmed 2% and was among the best performers in the index.In Qatar, the index gained 0.3%, helped by a 1.8% gain in Industries Qatar.Qatar National Bank (QNB), the Gulf's biggest bank by assets, strengthened 0.2% after it on Tuesday reported 2020 net profit of 12 billion riyals ($3.30 billion), down from 14.4 billion riyals in 2019.The profit was slightly above the 11.7 billion riyal mean forecast from seven analysts, based on Refinitiv data.Outside the Gulf, Egypt's blue-chip index firmed 0.4%.Commercial International Bank, Egypt's largest private bank, put on 0.4% and was the best performer in the benchmark, while tobacco firm Eastern Co added nearly 2%."", 'NEW YORK: Treasury yields fell on Wednesday after Federal Reserve officials steered clear of tightening monetary conditions any time soon despite expectations of higher inflation, while stocks edged higher and an inventory spike pressured oil prices lower.The U.S. benchmark yield was on track to post its first full-session decline in 2021 even as a jump in gasoline pushed inflation higher last month. Consumer prices are expected to run hotter in a couple of months when March and April of 2020, which saw very low inflation, fall off the yearly reading.The climb in yields is expected to resume, partly due to a massive stimulus package from the incoming Joe Biden administration, which takes office on Jan. 20.Several Fed policymakers pushed back against the idea of the Fed tapering its asset purchases any time soon, however.Stocks edged up as Europe was boosted by deals and U.S. tech stocks were supported by a change of leadership at Intel , which jumped 8.2pc.On Wall Street, the Dow Jones Industrial Average rose 66.94 points, or 0.22pc, to 31,135.63, the S&P 500 gained 14.25 points, or 0.37pc, to 3,815.44 and the Nasdaq Composite added 86.81 points, or 0.66pc, to 13,159.24.The pan-European STOXX 600 index rose 0.11pc and MSCI\'s gauge of stocks across the globe gained 0.40pc. Emerging market stocks rose 0.62pc.MSCI\'s broadest index of Asia-Pacific shares outside Japan  closed 0.58pc higher, while Japan\'s Nikkei  rose 1.04pc.The U.S. dollar index rose for the fourth time in five sessions, still not far from near three-year lows hit last week.The greenback has found support from expectations of a continued economic recovery in the United States, even as countries in Europe resort to lockdowns to fend off a second COVID-19 wave.""You are seeing a continuance of the U.S. outperformance trade,"" said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto.The dollar index rose 0.233pc, with the euro down 0.31pc to $1.2169.    The Japanese yen weakened 0.06pc versus the greenback at 103.80 per dollar, while sterling was last trading at $1.3648, down 0.11pc on the day.Benchmark U.S. 10-year notes last rose 16/32 in price to yield 1.0849pc, from 1.138pc late on Tuesday.Oil prices fell as the threat of lower demand due to rising global COVID-19 cases outweighed support from a greater-than-anticipated drop in U.S. crude inventories.""While I see crude prices trading higher over the coming months, investors need to be mindful that the road to higher oil demand and prices will remain bumpy,"" UBS oil analyst Giovanni Staunovo said.U.S. crude recently fell 0.55pc to $52.92 per barrel and Brent was at $56.03, down 0.97pc on the day.Spot gold added 0.1pc to $1,857.86 an ounce. Silver fell 0.21pc to $25.52.Bitcoin last rose 2.27pc to $34,807.04.', 'NEW YORK: Oil prices fell on Wednesday as the threat of rising global COVID-19 cases further hampering global fuel demand outweighed support from a bigger-than-expected drop in U.S. crude inventories.Brent crude prices were down 46 cents at $56.12 a barrel by 12:43 p.m. EST (1743). An earlier rise took prices as high as $57.42 a barrel, the strongest since Feb. 24. U.S. West Texas Intermediate (WTI) fell 26 cents to$52.95. The session high of $53.93 was its highest since Feb. 20. U.S. crude inventories fell for a fifth straight week, dropping by 3.2 million barrels last week, exceeding analysts\' expectations in a Reuters poll for a 2.3 million-barrel drop, as refiners increased crude runs, the Energy Information Administration said.""The refiners are starting to see a better demand picture and that\'s being reflected not just what we\'re seeing in the United States but also overseas,"" said Phil Flynn, senior analyst at Price Futures Group in Chicago. U.S. gasoline stocks, however, jumped by 4.4 million barrels, far higher than forecasts for a 2.7 million-barrel rise, EIA said, which sent mixed signals to investors about the strength of the U.S. oil market.Adding to optimism over a tightening crude supplies worldwide, Saudi Arabia cut supplies of crude for February loading for at least three Asian buyers while meeting requirements of at least four others, several refinery and trade sources told Reuters.But rising COVID-19 cases that continue to spur restrictions on travel and other activities by governments across the world limited oil prices and the pandemic is expected to cast a shadow on the market for months to come, analysts said.""While I see crude prices trading higher over the coming months, investors need to be mindful that the road to higher oil demand and prices will remain bumpy,"" UBS oil analyst Giovanni Staunovo said.Governments across Europe announced tighter and longer coronavirus lockdowns on Wednesday over fears about a fast-spreading variant first detected in Britain, with vaccinations not expected to help much for another two to three months.China recorded the biggest daily jump cases of the coronavirus in more than five months, despite four cities in lockdown, increased testing and other measures aimed at preventing another wave of infections in the world\'s second biggest economy.']","[""most major gulf stock markets finished higher on wednesday as oil prices jumped after industry data showed a bigger-than-expected drop in US crude inventories, before rising global COVID-19 infections capped the crude price gains.brent crude rose to a session high of $57.42 a barrel, their highest since feb. 24, before prices steadied.in dubai, the main index firmed 0.8% for its fifth straight session of gains, with the emirate biggest bank emirates NBD putting on 1.3% to finish as the best performer in the bechmark.Blue-chip developer emaar properties advanced 1.5%, while sharia-compliant lender dubai islamic bank tacked on 1%.the abu dhabi index also strengthened for a fifth successive trading day, adding 0.6%.the gains in the benchmark were mainly driven by united arab emirates' largest lender first abu dhabi bank (FAB), which added 1.2% on the day.FAB on tuesday said it has issued a 1.5 billion yuan ($232.20 million) five-year bond at 3.15%, the year first yuan debt in the formosa bond market.saudi arabia benchmark index gained 0.3%, aided primarily by a 3.2% rise in healthcare firm dr. sulaiman Al-Habib medical services group Co.Saudi arabia biggest lender national commercial bank firmed 2% and was among the best performers in the index.in qatar, the index gained 0.3%, helped by a 1.8% gain in industries Qatar.Qatar national bank (QNB), the gulf biggest bank by assets, strengthened 0.2% after it on tuesday reported 2020 net profit of 12 billion riyals ($3.30 billion), down from 14.4 billion riyals in 2019.the profit was slightly above the 11.7 billion riyal mean forecast from seven analysts, based on refinitiv data.outside the gulf, egypt blue-chip index firmed 0.4%.commercial international bank, egypt largest private bank, put on 0.4% and was the best performer in the benchmark, while tobacco firm eastern co added nearly 2%."", 'NEW YORK treasury yields fell on wednesday after federal reserve officials steered clear of tightening monetary conditions any time soon despite expectations of higher inflation, while stocks edged higher and an inventory spike pressured oil prices lower.the U.S. benchmark yield was on track to post its first full-session decline in 2021 even as a jump in gasoline pushed inflation higher last month. consumer prices are expected to run hotter in a couple of months when march and april of 2020, which saw very low inflation, fall off the yearly reading.the climb in yields is expected to resume, partly due to a massive stimulus package from the incoming joe biden administration, which takes office on jan. 20.several fed policymakers pushed back against the idea of the fed tapering its asset purchases any time soon, however.stocks edged up as europe was boosted by deals and U.S. tech stocks were supported by a change of leadership at intel , which jumped 8.2pc.on wall street, the dow jones industrial average rose 66.94 points, or 0.22pc, to 31,135.63, the S&P 500 gained 14.25 points, or 0.37pc, to 3,815.44 and the nasdaq composite added 86.81 points, or 0.66pc, to 13,159.24.the pan-European STOXX 600 index rose 0.11pc and MSCI gauge of stocks across the globe gained 0.40pc. emerging market stocks rose 0.62pc.MSCI broadest index of Asia-Pacific shares outside japan closed 0.58pc higher, while japan nikkei rose 1.04pc.the U.S. dollar index rose for the fourth time in five sessions, still not far from near three-year lows hit last week.the greenback has found support from expectations of a continued economic recovery in the united states, even as countries in europe resort to lockdowns to fend off a second COVID-19 wave.""you are seeing a continuance of the U.S. outperformance trade,"" said karl schamotta, chief market strategist at cambridge global payments in Toronto.The dollar index rose 0.233pc, with the euro down 0.31pc to $1.2169. the japanese yen weakened 0.06pc versus the greenback at 103.80 per dollar, while sterling was last trading at $1.3648, down 0.11pc on the day.benchmark U.S. 10-year notes last rose 16/32 in price to yield 1.0849pc, from 1.138pc late on Tuesday.Oil prices fell as the threat of lower demand due to rising global COVID-19 cases outweighed support from a greater-than-anticipated drop in U.S. crude inventories.""while I see crude prices trading higher over the coming months, investors need to be mindful that the road to higher oil demand and prices will remain bumpy,"" UBS oil analyst giovanni staunovo said.U.S. crude recently fell 0.55pc to $52.92 per barrel and brent was at $56.03, down 0.97pc on the day.spot gold added 0.1pc to $1,857.86 an ounce. silver fell 0.21pc to $25.52.bitcoin last rose 2.27pc to $34,807.04.', 'NEW YORK oil prices fell on wednesday as the threat of rising global COVID-19 cases further hampering global fuel demand outweighed support from a bigger-than-expected drop in U.S. crude inventories.brent crude prices were down 46 cents at $56.12 a barrel by 12 43 p.m. EST (1743). an earlier rise took prices as high as $57.42 a barrel, the strongest since feb. 24. U.S. west texas intermediate (WTI) fell 26 cents to$52.95. the session high of $53.93 was its highest since feb. 20. U.S. crude inventories fell for a fifth straight week, dropping by 3.2 million barrels last week, exceeding analysts\' expectations in a reuters poll for a 2.3 million-barrel drop, as refiners increased crude runs, the energy information administration said.""the refiners are starting to see a better demand picture and that being reflected not just what we are seeing in the united states but also overseas,"" said phil flynn, senior analyst at price futures group in chicago. U.S. gasoline stocks, however, jumped by 4.4 million barrels, far higher than forecasts for a 2.7 million-barrel rise, EIA said, which sent mixed signals to investors about the strength of the U.S. oil market.adding to optimism over a tightening crude supplies worldwide, saudi arabia cut supplies of crude for february loading for at least three asian buyers while meeting requirements of at least four others, several refinery and trade sources told Reuters.But rising COVID-19 cases that continue to spur restrictions on travel and other activities by governments across the world limited oil prices and the pandemic is expected to cast a shadow on the market for months to come, analysts said.""while I see crude prices trading higher over the coming months, investors need to be mindful that the road to higher oil demand and prices will remain bumpy,"" UBS oil analyst giovanni staunovo said.governments across europe announced tighter and longer coronavirus lockdowns on wednesday over fears about a fast-spreading variant first detected in britain, with vaccinations not expected to help much for another two to three months.china recorded the biggest daily jump cases of the coronavirus in more than five months, despite four cities in lockdown, increased testing and other measures aimed at preventing another wave of infections in the world second biggest economy.']","['https://www.brecorder.com/news/40050979/most-major-markets-end-higher-on-oil-price-gains', 'https://www.brecorder.com/news/40051084/stocks-rise-us-yield-falls-demand-weighs-on-oil', 'https://www.brecorder.com/news/40051091/oil-falls-as-pandemic-fuel-demand-threat-faces-us-crude-drawdown']","['brent, , ']","['oil prices jumped', 'oil prices fell', 'oil prices fell']","['pos', 'neg', 'neg']",115.89,"[5.65, -5.33, -5.33]",-1.67,0,2,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""In the absence of strong signals from both news sentiment and technical indicators, we recommend holding the position. The market signal is neutral, and there are no significant indications from the news impact. It's advisable to wait for clearer signals before making any trading decisions.""
}"
1/15/2021,"['Rouble retreats from near one-week high as oil prices slip', 'Oil mixed as Chinese lockdowns raise demand questions', 'Oil falls as China lockdown tempers gains', 'Oil falls as China lockdown tempers gains', 'Market watch: Bearish trend continues at PSX', 'Oil falls as China lockdown, US unemployment data temper gains', 'Oil falls as China lockdown, US unemployment data temper gains']","['rouble retreats from near one-week high as oil prices slip', 'oil mixed as chinese lockdowns raise demand questions', 'oil falls as china lockdown tempers gains', 'oil falls as china lockdown tempers gains', 'market watch bearish trend continues at PSX', 'oil falls as china lockdown, US unemployment data temper gains', 'oil falls as china lockdown, US unemployment data temper gains']","['Business Recorder', 'Business Recorder', 'Tribune', 'Tribune', 'Tribune', 'Business Recorder', 'Business Recorder']","[""MOSCOW: The Russian rouble opened weaker on Friday, hurt by falling oil prices and limited risk appetite as rising COVID-19 cases in China raised investor concerns for the global economic recovery.At 0727 GMT, the rouble was 0.5% weaker against the dollar at 73.56, retreating from its highest mark since Jan. 4 of 73.1025, hit in the previous session.It had lost 0.3% to trade at 89.29 versus the euro.Weakening risk appetite could see the rouble return to around 74 against the greenback and 90 versus the euro, said Veles Capital analyst Elena Kozhukhova.One support for markets was US President-elect Joe Biden saying bold investment was needed to jump-start the economy and accelerate the distribution of vaccines to bring the coronavirus under control, as he outlined a $1.9 trillion stimulus package proposal on Thursday.The pandemic remains an acute concern. More than 28 million people are under lockdown in China. On Friday it reported the highest number of new COVID-19 cases in more than 10 months.Brent crude oil, a global benchmark for Russia's main export, was down 1.3% at $55.68 a barrel, hampering Russian stock indexes.The dollar-denominated RTS index was down 0.4% to 1,495.1 points. The rouble-based MOEX Russian index was steady at 3,490.2 points.Shares in Sberbank were down 0.6% after it reported a 7.7% year-on-year fall in net profit in 2020 under Russian accounting standards."", 'TOKYO: Oil prices were mixed on Friday as strong import data from China, the world\'s biggest crude importer, that boosted sentiment earlier ran into concerns about Chinese cities in lockdown due to coronavirus outbreaks.Brent was down 3 cents at $56.69 by 0133 GMT, after gaining 0.6% on Thursday. US West Texas Intermediate crude was up 12 cents at $53.69 a barrel, having risen more than 1% the previous session.While producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong Chinese demand.""Oil market euphoria is unequivocally strong, but market indicators from Asia are mixed,"" RBC Capital Markets said.""China, the global engine of oil demand growth, is wrestling with fresh COVID outbreaks,"" it said.Crude imports into China were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But China reported the highest number of daily COVID-19 cases in more than 10 months on Friday, capping a week that has resulted in more than 28 million people under lockdown and the country\'s first death from the coronavirus in eight months.Across the wider Asian region, ""refining margins remain abysmal and regional floating storage is higher than month-ago levels,"" RBC said.Raising prospects of increased oil demand from the world\'s biggest crude consumer was a nearly $2 trillion COVID-19 relief package in the US unveiled by President-elect Joe Biden.', 'LONDON:Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and US plans for a large stimulus package.Brent was down $0.83, or 1.5%, at $55.59 by 1316 GMT, after gaining 0.6% on Thursday. US West Texas Intermediate crude was down $0.57, or 1.1%, at $53 a barrel, having risen more than 1% the previous session.Brent and US crude are heading for their first weekly declines in three weeks.While producers are facing unparalleled challenges while balancing supply and demand involving vaccine rollouts, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong Chinese demand. “The recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies have clouded the economic and demand recovery,â€ÂÂ\x9d said Stephen Brennock of oil broker PVM. “Simply put, near-term demand expectations aren’t too promising.â€ÂÂ\x9dA nearly $2 trillion Covid-19 relief package in the United States unveiled by President-elect Joe Biden may increase oil demand from the world’s biggest crude consumer, but worse-than-expected jobs data cast a shadow over the plans.Crude imports into China were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But China reported the highest number of daily Covid-19 cases in more than 10 months on Friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since May. “The Covid-19 pandemic’s spread is taking centre stage again and traders are getting increasingly worried about the long duration of European lockdown and about the new restrictions (in) China,â€ÂÂ\x9d said Bjornar Tonhaugen from Rystad Energy. “The market is structurally bullish, but it may be getting too ahead of forward-looking fundamentals.â€ÂÂ\x9d', 'LONDON:Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and US plans for a large stimulus package.Brent was down $0.83, or 1.5%, at $55.59 by 1316 GMT, after gaining 0.6% on Thursday. US West Texas Intermediate crude was down $0.57, or 1.1%, at $53 a barrel, having risen more than 1% the previous session.Brent and US crude are heading for their first weekly declines in three weeks.While producers are facing unparalleled challenges while balancing supply and demand involving vaccine rollouts, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong Chinese demand. “The recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies have clouded the economic and demand recovery,â€ÂÂ\x9d said Stephen Brennock of oil broker PVM. “Simply put, near-term demand expectations aren’t too promising.â€ÂÂ\x9dA nearly $2 trillion Covid-19 relief package in the United States unveiled by President-elect Joe Biden may increase oil demand from the world’s biggest crude consumer, but worse-than-expected jobs data cast a shadow over the plans.Crude imports into China were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But China reported the highest number of daily Covid-19 cases in more than 10 months on Friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since May. “The Covid-19 pandemic’s spread is taking centre stage again and traders are getting increasingly worried about the long duration of European lockdown and about the new restrictions (in) China,â€ÂÂ\x9d said Bjornar Tonhaugen from Rystad Energy. “The market is structurally bullish, but it may be getting too ahead of forward-looking fundamentals.â€ÂÂ\x9d', 'KARACHI:The stock market continued its downward march for a second day on Friday owing to weak cues coupled with global economic headwinds.Weakening oil prices in the international market fuelled the bearish momentum at the Pakistan Stock Exchange (PSX). Oil prices fell as concerns about Chinese cities in lockdown due to virus outbreaks tempered a rally.Stocks remained under pressure throughout the day due to a sombre investment climate as investors preferred to remain on the sidelines ahead of earnings season and monetary policy announcement in the second half of January.The benchmark KSE-100 index opened up but then it went south and maintained the trend despite brief spikes. The downward trend got steeper in second session of the day and the bourse failed to sustain the 46,000-point mark crossed in the first session.At close, the KSE-100 index recorded a decrease of 58.35 points, or 0.13%, to settle at 45,931 points.Arif Habib Limited, in its report, stated that the market traded in a narrow range of -114 points and +188 points. It closed lower by 58 points.Selling activity was observed almost across the board but more prominent sectors were cement, banking and oil and gas marketing. However, the engineering (steel) sector performed relatively well on the back of expectation of increase in product prices, it added.Sectors contributing to the performance included banking (-50 points), cement (-33 points), fertiliser (-20 points), tobacco (-18 points) and chemical (-16 points).Individually, stocks that contributed positively to the index included Hubco (+24 points), National Foods (+18 points), Ghani Glass (+13 points), International Industries (+11 points) and Attock Petroleum (+11 points).Stocks that contributed negatively were MCB (-22 points), HBL (-20 points), Pakistan Tobacco (-18 points), Lucky Cement (-11 points) and Engro Fertilisers (-10 points).JS Global analyst Maaz Mulla said the KSE-100 faced mixed trading as the index juggled between intraday high of +188 points and low of -114 points. It closed the session at 45,931, down 58 points.A total of 531 million shares changed hands. The most traded stocks were Hum Network (+0.7%), Power Cement (+4.3%), Fauji Fertiliser Bin Qasim (-0.9%), TRG Pakistan (+0.6%) and Kohinoor Spinning Mills (-4.1%).“According to news reports, the government is all set to increase power tariff in a phased manner by initially hiking it by Rs1.90 per unit to revive the stalled International Monetary Fund (IMF) programme under the $6 billion Extended Fund Facility,â€ÂÂ\x9d he added.The refinery sector was on the downtrend as Pakistan Refinery (-1%), Byco Petroleum (-1%), Attock Refinery (-0.7%) and National Refinery (-3.5%) closed in the red.On expectations of positive results in the textile sector, Gul Ahmed Textile Mills (+7.5%) closed at its upper limit for the second consecutive day.Selling pressure was witnessed in the cement sector where Pioneer Cement (-2.8%), DG Khan Cement (-1.6%), Cherat Cement (-0.7%), Gharibwal Cement (-1.7%) and Lucky Cement (-0.5%) lost ground.“Moving forward, we recommend investors to consider any downside as an opportunity to buy stocks,â€ÂÂ\x9d the analyst said.Overall, trading volumes fell to 531.1 million shares compared with Thursday’s tally of 620.7 million. The value of shares traded during the day was Rs17.8 billion.Shares of 412 companies were traded. At the end of the day, 169 stocks closed higher, 225 declined and 18 remained unchanged.Hum Network was the volume leader with 66.3 million shares, gaining Rs0.05 to close at Rs6.95. It was followed by Power Cement with 45.3 million shares, gaining Rs0.47 to close at Rs11.48 and Fauji Fertiliser Bin Qasim with 23.7 million shares, losing Rs0.26 to close at Rs27.31.Foreign institutional investors were net buyers of Rs335.8 million worth of shares during the trading session, according to data compiled by the National Clearing Company of Pakistan.', 'LONDON: Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world\'s biggest crude importer and US plans for a large stimulus package.Brent was down 83 cents, or 1.5%, at $55.59 by 1316 GMT, after gaining 0.6% on Thursday. US West Texas Intermediate crude was down 57 cents, or 1.1%, at $53 a barrel, having risen more than 1% the previous session.Brent and US crude are heading for their first weekly declines in three weeks.While producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong Chinese demand.""The recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery,"" said Stephen Brennock of oil broker PVM.""Simply put, near-term demand expectations aren\'t too promising.""A nearly $2 trillion COVID-19 relief package in the United States unveiled by President-elect Joe Biden may increase oil demand from the world\'s biggest crude consumer, but worse than expected jobs data cast a shadow over the plans.Crude imports into China were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But China reported the highest number of daily COVID-19 cases in more than 10 months on Friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since May.""The COVID-19 pandemic\'s spread is taking centre stage again and traders are getting increasingly worried about the long duration of European lockdown and about the new restrictions (in) China,"" Bjornar Tonnage from Rystad Energy said.""The market is structurally bullish, but it may be getting too ahead of forward-looking fundamentals.""', 'LONDON: Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world\'s biggest crude importer and US plans for a large stimulus package.Brent was down 83 cents, or 1.5%, at $55.59 by 1316 GMT, after gaining 0.6% on Thursday. US West Texas Intermediate crude was down 57 cents, or 1.1%, at $53 a barrel, having risen more than 1% the previous session.Brent and US crude are heading for their first weekly declines in three weeks.While producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong Chinese demand.""The recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery,"" said Stephen Brennock of oil broker PVM.""Simply put, near-term demand expectations aren\'t too promising.""A nearly $2 trillion COVID-19 relief package in the United States unveiled by President-elect Joe Biden may increase oil demand from the world\'s biggest crude consumer, but worse than expected jobs data cast a shadow over the plans.Crude imports into China were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But China reported the highest number of daily COVID-19 cases in more than 10 months on Friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since May.""The COVID-19 pandemic\'s spread is taking centre stage again and traders are getting increasingly worried about the long duration of European lockdown and about the new restrictions (in) China,"" Bjornar Tonnage from Rystad Energy said.""The market is structurally bullish, but it may be getting too ahead of forward-looking fundamentals.""']","['MOSCOW the russian rouble opened weaker on friday, hurt by falling oil prices and limited risk appetite as rising COVID-19 cases in china raised investor concerns for the global economic recovery.at 0727 GMT, the rouble was 0.5% weaker against the dollar at 73.56, retreating from its highest mark since jan. 4 of 73.1025, hit in the previous session.it had lost 0.3% to trade at 89.29 versus the euro.weakening risk appetite could see the rouble return to around 74 against the greenback and 90 versus the euro, said veles capital analyst elena Kozhukhova.One support for markets was US President-elect joe biden saying bold investment was needed to jump-start the economy and accelerate the distribution of vaccines to bring the coronavirus under control, as he outlined a $1.9 trillion stimulus package proposal on Thursday.The pandemic remains an acute concern. more than 28 million people are under lockdown in china. on friday it reported the highest number of new COVID-19 cases in more than 10 months.brent crude oil, a global benchmark for russia main export, was down 1.3% at $55.68 a barrel, hampering russian stock indexes.the dollar-denominated RTS index was down 0.4% to 1,495.1 points. the rouble-based MOEX russian index was steady at 3,490.2 points.shares in sberbank were down 0.6% after it reported a 7.7% year-on-year fall in net profit in 2020 under russian accounting standards.', 'TOKYO oil prices were mixed on friday as strong import data from china, the world biggest crude importer, that boosted sentiment earlier ran into concerns about chinese cities in lockdown due to coronavirus outbreaks.brent was down 3 cents at $56.69 by 0133 GMT, after gaining 0.6% on thursday. US west texas intermediate crude was up 12 cents at $53.69 a barrel, having risen more than 1% the previous session.while producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong chinese demand.""oil market euphoria is unequivocally strong, but market indicators from asia are mixed,"" RBC capital markets said.""china, the global engine of oil demand growth, is wrestling with fresh COVID outbreaks,"" it said.crude imports into china were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But china reported the highest number of daily COVID-19 cases in more than 10 months on friday, capping a week that has resulted in more than 28 million people under lockdown and the country first death from the coronavirus in eight months.across the wider asian region, ""refining margins remain abysmal and regional floating storage is higher than month-ago levels,"" RBC said.raising prospects of increased oil demand from the world biggest crude consumer was a nearly $2 trillion COVID-19 relief package in the US unveiled by President-elect joe biden.', 'LONDON oil prices fell on friday as concerns about chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the worlds biggest crude importer and US plans for a large stimulus package.brent was down $0.83, or 1.5%, at $55.59 by 1316 GMT, after gaining 0.6% on thursday. US west texas intermediate crude was down $0.57, or 1.1%, at $53 a barrel, having risen more than 1% the previous session.brent and US crude are heading for their first weekly declines in three weeks.while producers are facing unparalleled challenges while balancing supply and demand involving vaccine rollouts, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong chinese demand. the recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies have clouded the economic and demand recovery, said stephen brennock of oil broker PVM. simply put, near-term demand expectations arent too promising.a nearly $2 trillion Covid-19 relief package in the united states unveiled by President-elect joe biden may increase oil demand from the worlds biggest crude consumer, but worse-than-expected jobs data cast a shadow over the plans.crude imports into china were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But china reported the highest number of daily Covid-19 cases in more than 10 months on friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since may. the Covid-19 pandemics spread is taking centre stage again and traders are getting increasingly worried about the long duration of european lockdown and about the new restrictions (in) china, said bjornar tonhaugen from rystad energy. the market is structurally bullish, but it may be getting too ahead of forward-looking fundamentals.', 'LONDON oil prices fell on friday as concerns about chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the worlds biggest crude importer and US plans for a large stimulus package.brent was down $0.83, or 1.5%, at $55.59 by 1316 GMT, after gaining 0.6% on thursday. US west texas intermediate crude was down $0.57, or 1.1%, at $53 a barrel, having risen more than 1% the previous session.brent and US crude are heading for their first weekly declines in three weeks.while producers are facing unparalleled challenges while balancing supply and demand involving vaccine rollouts, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong chinese demand. the recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies have clouded the economic and demand recovery, said stephen brennock of oil broker PVM. simply put, near-term demand expectations arent too promising.a nearly $2 trillion Covid-19 relief package in the united states unveiled by President-elect joe biden may increase oil demand from the worlds biggest crude consumer, but worse-than-expected jobs data cast a shadow over the plans.crude imports into china were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But china reported the highest number of daily Covid-19 cases in more than 10 months on friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since may. the Covid-19 pandemics spread is taking centre stage again and traders are getting increasingly worried about the long duration of european lockdown and about the new restrictions (in) china, said bjornar tonhaugen from rystad energy. the market is structurally bullish, but it may be getting too ahead of forward-looking fundamentals.', 'KARACHI the stock market continued its downward march for a second day on friday owing to weak cues coupled with global economic headwinds.weakening oil prices in the international market fuelled the bearish momentum at the pakistan stock exchange (PSX). oil prices fell as concerns about chinese cities in lockdown due to virus outbreaks tempered a rally.stocks remained under pressure throughout the day due to a sombre investment climate as investors preferred to remain on the sidelines ahead of earnings season and monetary policy announcement in the second half of January.The benchmark KSE-100 index opened up but then it went south and maintained the trend despite brief spikes. the downward trend got steeper in second session of the day and the bourse failed to sustain the 46,000-point mark crossed in the first session.at close, the KSE-100 index recorded a decrease of 58.35 points, or 0.13%, to settle at 45,931 points.arif habib limited, in its report, stated that the market traded in a narrow range of -114 points and +188 points. it closed lower by 58 points.selling activity was observed almost across the board but more prominent sectors were cement, banking and oil and gas marketing. however, the engineering (steel) sector performed relatively well on the back of expectation of increase in product prices, it added.sectors contributing to the performance included banking (-50 points), cement (-33 points), fertiliser (-20 points), tobacco (-18 points) and chemical (-16 points).individually, stocks that contributed positively to the index included hubco (+24 points), national foods (+18 points), ghani glass (+13 points), international industries (+11 points) and attock petroleum (+11 points).stocks that contributed negatively were MCB (-22 points), HBL (-20 points), pakistan tobacco (-18 points), lucky cement (-11 points) and engro fertilisers (-10 points).JS global analyst maaz mulla said the KSE-100 faced mixed trading as the index juggled between intraday high of +188 points and low of -114 points. it closed the session at 45,931, down 58 points.a total of 531 million shares changed hands. the most traded stocks were hum network (+0.7%), power cement (+4.3%), fauji fertiliser bin qasim (-0.9%), TRG pakistan (+0.6%) and kohinoor spinning mills (-4.1%).According to news reports, the government is all set to increase power tariff in a phased manner by initially hiking it by rs 1.90 per unit to revive the stalled international monetary fund (IMF) programme under the $6 billion extended fund facility, he added.the refinery sector was on the downtrend as pakistan refinery (-1%), byco petroleum (-1%), attock refinery (-0.7%) and national refinery (-3.5%) closed in the red.on expectations of positive results in the textile sector, gul ahmed textile mills (+7.5%) closed at its upper limit for the second consecutive day.selling pressure was witnessed in the cement sector where pioneer cement (-2.8%), DG khan cement (-1.6%), cherat cement (-0.7%), gharibwal cement (-1.7%) and lucky cement (-0.5%) lost ground.moving forward, we recommend investors to consider any downside as an opportunity to buy stocks, the analyst said.overall, trading volumes fell to 531.1 million shares compared with thursdays tally of 620.7 million. the value of shares traded during the day was rs 17.8 billion.shares of 412 companies were traded. at the end of the day, 169 stocks closed higher, 225 declined and 18 remained unchanged.hum network was the volume leader with 66.3 million shares, gaining rs 0.05 to close at rs 6.95. it was followed by power cement with 45.3 million shares, gaining rs 0.47 to close at rs 11.48 and fauji fertiliser bin qasim with 23.7 million shares, losing rs 0.26 to close at rs 27.31.foreign institutional investors were net buyers of rs 335.8 million worth of shares during the trading session, according to data compiled by the national clearing company of pakistan.', 'LONDON oil prices fell on friday as concerns about chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world biggest crude importer and US plans for a large stimulus package.brent was down 83 cents, or 1.5%, at $55.59 by 1316 GMT, after gaining 0.6% on thursday. US west texas intermediate crude was down 57 cents, or 1.1%, at $53 a barrel, having risen more than 1% the previous session.brent and US crude are heading for their first weekly declines in three weeks.while producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong chinese demand.""the recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery,"" said stephen brennock of oil broker PVM.""Simply put, near-term demand expectations aren\'t too promising.""a nearly $2 trillion COVID-19 relief package in the united states unveiled by President-elect joe biden may increase oil demand from the world biggest crude consumer, but worse than expected jobs data cast a shadow over the plans.crude imports into china were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But china reported the highest number of daily COVID-19 cases in more than 10 months on friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since May.""The COVID-19 pandemic spread is taking centre stage again and traders are getting increasingly worried about the long duration of european lockdown and about the new restrictions (in) china,"" bjornar tonnage from rystad energy said.""the market is structurally bullish, but it may be getting too ahead of forward-looking fundamentals.""', 'LONDON oil prices fell on friday as concerns about chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world biggest crude importer and US plans for a large stimulus package.brent was down 83 cents, or 1.5%, at $55.59 by 1316 GMT, after gaining 0.6% on thursday. US west texas intermediate crude was down 57 cents, or 1.1%, at $53 a barrel, having risen more than 1% the previous session.brent and US crude are heading for their first weekly declines in three weeks.while producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong chinese demand.""the recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery,"" said stephen brennock of oil broker PVM.""Simply put, near-term demand expectations aren\'t too promising.""a nearly $2 trillion COVID-19 relief package in the united states unveiled by President-elect joe biden may increase oil demand from the world biggest crude consumer, but worse than expected jobs data cast a shadow over the plans.crude imports into china were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But china reported the highest number of daily COVID-19 cases in more than 10 months on friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since May.""The COVID-19 pandemic spread is taking centre stage again and traders are getting increasingly worried about the long duration of european lockdown and about the new restrictions (in) china,"" bjornar tonnage from rystad energy said.""the market is structurally bullish, but it may be getting too ahead of forward-looking fundamentals.""']","['https://www.brecorder.com/news/40051938/rouble-retreats-from-near-one-week-high-as-oil-prices-slip', 'https://www.brecorder.com/news/40051878/oil-mixed-as-chinese-lockdowns-raise-demand-questions', 'https://tribune.com.pk/story/2280090/oil-falls-as-china-lockdown-tempers-gains', 'https://tribune.com.pk/story/2280090/oil-falls-as-china-lockdown-tempers-gains', 'https://tribune.com.pk/story/2280092/market-watch-bearish-trend-continues-at-psx', 'https://www.brecorder.com/news/40052009/oil-falls-as-china-lockdown-us-unemployment-data-temper-gains', 'https://www.brecorder.com/news/40052009/oil-falls-as-china-lockdown-us-unemployment-data-temper-gains']","['brent, , ', 'Attock Petroleum, , ']","['oil prices slip', 'brent was down', 'brent was down', 'oil prices fell', 'oil prices fell', 'brent was down', 'oil prices fell']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg']",113.58,"[-1.78, -1.43, -1.43, -5.33, -5.33, -1.43, -5.33]",-3.15,0,3,3,0,"{
  ""Trading Recommendation"": ""Refrain from Trading"",
  ""Rationale"": ""Despite the positive market signal, the negative news sentiment suggests a cautious approach. It's advisable to refrain from trading at this time and wait for clearer signals.""
}"
1/18/2021,"['Oil falls as China lockdown, US unemployment data temper gains', 'Oil falls as China lockdown, US unemployment data temper gains', 'Oil drops 1% as rising coronavirus cases end supply-led rally', 'Oil falls on coronavirus fears, strong dollar']","['oil falls as china lockdown, US unemployment data temper gains', 'oil falls as china lockdown, US unemployment data temper gains', 'oil drops 1% as rising coronavirus cases end supply-led rally', 'oil falls on coronavirus fears, strong dollar']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['LONDON: Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and US plans for a large stimulus package.Brent was down 81 cents, or 1.4%, at $55.61 by 1503 GMT, after gaining 0.6% on Thursday. US West Texas Intermediate crude was down 65 cents, or 1.2%, at $52.92 a barrel, having risen more than 1% the previous session.Brent and US crude are heading for their first weekly declines in three weeks.While producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong Chinese demand.“The recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery,â€Â\x9d  said Stephen Brennock of oil broker PVM.“Simply put, near-term demand expectations aren’t too promising.â€Â\x9dA nearly $2 trillion COVID-19 relief package in the United States unveiled by President-elect Joe Biden may increase oil demand from the world’s biggest crude consumer, but worse than expected jobs data cast a shadow over the plans.Crude imports into China were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But China reported the highest number of daily COVID-19 cases in more than 10 months on Friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since May.“The COVID-19 pandemic’s spread is taking centre stage again and traders are getting increasingly worried about the long duration of European lockdown and about the new restrictions (in) China,â€Â\x9d Bjornar Tonnage from Rystad Energy said.', 'LONDON: Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and US plans for a large stimulus package.Brent was down 81 cents, or 1.4%, at $55.61 by 1503 GMT, after gaining 0.6% on Thursday. US West Texas Intermediate crude was down 65 cents, or 1.2%, at $52.92 a barrel, having risen more than 1% the previous session.Brent and US crude are heading for their first weekly declines in three weeks.While producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong Chinese demand.“The recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery,â€Â\x9d  said Stephen Brennock of oil broker PVM.“Simply put, near-term demand expectations aren’t too promising.â€Â\x9dA nearly $2 trillion COVID-19 relief package in the United States unveiled by President-elect Joe Biden may increase oil demand from the world’s biggest crude consumer, but worse than expected jobs data cast a shadow over the plans.Crude imports into China were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But China reported the highest number of daily COVID-19 cases in more than 10 months on Friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since May.“The COVID-19 pandemic’s spread is taking centre stage again and traders are getting increasingly worried about the long duration of European lockdown and about the new restrictions (in) China,â€Â\x9d Bjornar Tonnage from Rystad Energy said.', 'TOKYO: Oil prices fell on Monday, extending losses that last week ended a rally driven by production cuts and strong Chinese demand, with the market\'s recovery outlook being called into question as coronavirus infections rise.Brent crude fell 45 cents, or nearly 1%, to $54.65 a barrel by 0207 GMT, after dropping 2.3% on Friday. US oil was down by 43 cents, also nearly 1%, at $51.93 a barrel, having declined 2.3% in the previous trading session.The benchmarks had rallied in recent weeks, buoyed by the start of COVID-19 vaccine rollouts and a surprise cut of crude output by the world\'s biggest oil exporter, Saudi Arabia. Surging new infections throughout the world, however, have raised doubts about how long demand would hold up.US drillers added further pressure by putting more oil and natural gas rigs to work for an eighth consecutive week last week because rising prices have made production more profitable. Still, the number of operating rigs is less than half of the level of a year ago.""Shale producers have indicated they will continue to keep their spending under control,"" ANZ Research said in a note. ""The economics also don\'t favour a surge in drilling, with half of the industry still uneconomical.""US shale producers have quickly responded to market gains in recent years, winning market share as Saudi Arabia and other major producers such as Russia have cut production in an attempt to support global oil and gas prices.In China, where new COVID-19 infections have been rising, more than 28 million people are in lockdown as Beijing tries to avoid a resurgence of the coronavirus in the country where it was first discovered.', 'LONDON: Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China\'s economy.Brent crude was down 24 cents, or 0.4%, at $54.86 per barrel at 1308 GMT, and West Texas Intermediate US crude fell 10 cents, or 0.2%, to $52.26.""Corona-induced economic fears, a stronger US dollar and more pessimistic investor sentiment are all playing their part in the fact that Brent is trading ... around $3 lower than last Wednesday,"" said Commerzbank analyst Eugen Weinberg.The benchmarks had rallied in recent weeks, buoyed by COVID-19 vaccine rollouts and a surprise cut of output by Saudi Arabia. However, the slow pace of vaccination has raised doubts over how soon economies could recover.A UK official said Britain\'s vaccine rollout was limited by a ""lumpy"" manufacturing process, and Pfizer said it was distributing fewer doses in Europe in January than originally contracted.  ""Vaccination campaigns, although ongoing, are lagging the speed needed to fast-track a global recovery in the first quarter and the comeback for oil demand will be slow,"" said Rystad Energy\'s head of oil markets Bjornar Tonhaugen.The US dollar strengthened for a third consecutive day on Monday to a four-week high, weighing on crude prices. Oil is usually priced in dollars, so a stronger greenback makes crude more expensive for buyers with other currencies.Security concerns ahead of this week\'s US presidential inauguration are also dragging on investor sentiment, said PVM Oil analyst Tamas Varga.""In addition to the coronavirus running amok, this week\'s tense presidential inauguration can also cause unease amongst investors,"" he said.Oil prices clawed back some losses after Chinese data showed the economy of the world\'s biggest oil importer picked up speed in its recovery from the coronavirus pandemic.Prices also found support in a drop in Libyan oil output, with Waha Oil Company reducing production by up to 200,000 barrels per day because of maintenance on the main pipeline that links the Al-Samah and Al-Dhahra oilfields to Es Sider port.']","['LONDON oil prices fell on friday as concerns about chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the worlds biggest crude importer and US plans for a large stimulus package.brent was down 81 cents, or 1.4%, at $55.61 by 1503 GMT, after gaining 0.6% on thursday. US west texas intermediate crude was down 65 cents, or 1.2%, at $52.92 a barrel, having risen more than 1% the previous session.brent and US crude are heading for their first weekly declines in three weeks.while producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong chinese demand.the recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery, said stephen brennock of oil broker PVM.Simply put, near-term demand expectations arent too promising.a nearly $2 trillion COVID-19 relief package in the united states unveiled by President-elect joe biden may increase oil demand from the worlds biggest crude consumer, but worse than expected jobs data cast a shadow over the plans.crude imports into china were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But china reported the highest number of daily COVID-19 cases in more than 10 months on friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since May.The COVID-19 pandemics spread is taking centre stage again and traders are getting increasingly worried about the long duration of european lockdown and about the new restrictions (in) china, bjornar tonnage from rystad energy said.', 'LONDON oil prices fell on friday as concerns about chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the worlds biggest crude importer and US plans for a large stimulus package.brent was down 81 cents, or 1.4%, at $55.61 by 1503 GMT, after gaining 0.6% on thursday. US west texas intermediate crude was down 65 cents, or 1.2%, at $52.92 a barrel, having risen more than 1% the previous session.brent and US crude are heading for their first weekly declines in three weeks.while producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong chinese demand.the recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery, said stephen brennock of oil broker PVM.Simply put, near-term demand expectations arent too promising.a nearly $2 trillion COVID-19 relief package in the united states unveiled by President-elect joe biden may increase oil demand from the worlds biggest crude consumer, but worse than expected jobs data cast a shadow over the plans.crude imports into china were up 7.3% in 2020, with record arrivals in two out of four quarters as refineries increased runs and low prices prompted stockpiling, customs data showed on Thursday.But china reported the highest number of daily COVID-19 cases in more than 10 months on friday, capping a week that has resulted in more than 28 million people under lockdown as it suffered its first coronavirus death on the mainland since May.The COVID-19 pandemics spread is taking centre stage again and traders are getting increasingly worried about the long duration of european lockdown and about the new restrictions (in) china, bjornar tonnage from rystad energy said.', 'TOKYO oil prices fell on monday, extending losses that last week ended a rally driven by production cuts and strong chinese demand, with the market recovery outlook being called into question as coronavirus infections rise.brent crude fell 45 cents, or nearly 1%, to $54.65 a barrel by 0207 GMT, after dropping 2.3% on friday. US oil was down by 43 cents, also nearly 1%, at $51.93 a barrel, having declined 2.3% in the previous trading session.the benchmarks had rallied in recent weeks, buoyed by the start of COVID-19 vaccine rollouts and a surprise cut of crude output by the world biggest oil exporter, saudi arabia. surging new infections throughout the world, however, have raised doubts about how long demand would hold up.US drillers added further pressure by putting more oil and natural gas rigs to work for an eighth consecutive week last week because rising prices have made production more profitable. still, the number of operating rigs is less than half of the level of a year ago.""shale producers have indicated they will continue to keep their spending under control,"" ANZ research said in a note. ""the economics also don\'t favour a surge in drilling, with half of the industry still uneconomical.""US shale producers have quickly responded to market gains in recent years, winning market share as saudi arabia and other major producers such as russia have cut production in an attempt to support global oil and gas prices.in china, where new COVID-19 infections have been rising, more than 28 million people are in lockdown as beijing tries to avoid a resurgence of the coronavirus in the country where it was first discovered.', 'LONDON oil prices fell on monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for china economy.brent crude was down 24 cents, or 0.4%, at $54.86 per barrel at 1308 GMT, and west texas intermediate US crude fell 10 cents, or 0.2%, to $52.26.""Corona-induced economic fears, a stronger US dollar and more pessimistic investor sentiment are all playing their part in the fact that brent is trading . around $3 lower than last wednesday,"" said commerzbank analyst eugen Weinberg.The benchmarks had rallied in recent weeks, buoyed by COVID-19 vaccine rollouts and a surprise cut of output by saudi arabia. however, the slow pace of vaccination has raised doubts over how soon economies could recover.a UK official said britain vaccine rollout was limited by a ""lumpy"" manufacturing process, and pfizer said it was distributing fewer doses in europe in january than originally contracted. ""vaccination campaigns, although ongoing, are lagging the speed needed to fast-track a global recovery in the first quarter and the comeback for oil demand will be slow,"" said rystad energy head of oil markets bjornar Tonhaugen.The US dollar strengthened for a third consecutive day on monday to a four-week high, weighing on crude prices. oil is usually priced in dollars, so a stronger greenback makes crude more expensive for buyers with other currencies.security concerns ahead of this week US presidential inauguration are also dragging on investor sentiment, said PVM oil analyst tamas Varga.""In addition to the coronavirus running amok, this week tense presidential inauguration can also cause unease amongst investors,"" he said.oil prices clawed back some losses after chinese data showed the economy of the world biggest oil importer picked up speed in its recovery from the coronavirus pandemic.prices also found support in a drop in libyan oil output, with waha oil company reducing production by up to 200,000 barrels per day because of maintenance on the main pipeline that links the Al-Samah and Al-Dhahra oilfields to es sider port.']","['https://www.brecorder.com/news/40052165/oil-falls-as-china-lockdown-us-unemployment-data-temper-gains', 'https://www.brecorder.com/news/40052165/oil-falls-as-china-lockdown-us-unemployment-data-temper-gains', 'https://www.brecorder.com/news/40052725/oil-drops-1-as-rising-coronavirus-cases-end-supply-led-rally', 'https://www.brecorder.com/news/40052868/oil-falls-on-coronavirus-fears-strong-dollar']","['brent, , ']","['brent was down', 'oil prices fell', 'oil prices fell', 'oil prices fell']","['neg', 'neg', 'neg', 'neg']",110.89,"[-1.43, -5.33, -5.33, -5.33]",-4.36,0,-3,-2,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The market signal indicates a sell opportunity. Despite the slightly negative news sentiment, the negative market signal suggests a bearish outlook. Investors are advised to consider risk management strategies and potentially sell their position.""
}"
1/21/2021,['Oil slips on surprise rise in US crude stocks'],['oil slips on surprise rise in US crude stocks'],['Business Recorder'],"['MELBOURNE: Oil prices fell on Thursday after data showed U.S. crude stocks unexpectedly rose last week, reigniting worries about pandemic restrictions cutting into fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.5%, to $53.04 a barrel at 0147 GMT, following two days of gains on hopes of massive COVID-19 relief spending under new U.S. President Joe Biden. Brent crude futures similarly dropped 26 cents, or 0.5%, to $55.82 a barrel. U.S. crude oil inventories rose 2.6 million barrels in the week to Jan. 15, according to data from the American Petroleum Institute, an industry group, compared with analysts\' forecasts in a Reuters poll for a fall of 1.2 million barrels.""Oil prices look a tad vulnerable to potential profit-taking after U.S. crude stockpiles bearishly rose 2.56 million against consensus draw,"" Axi chief market strategist Stephen Innes said in a note to clients.However gasoline stocks and distillate inventories, which include diesel, distillate and jet fuel, rose by less than analysts had expected.The U.S. Energy Information Administration is due to release its weekly inventory report on Friday.Axi\'s Innes said COVID restrictions on mobility were hurting the near-term outlook for oil demand, though traders had been looking beyond that on the hopes that vaccine rollouts would ease lockdowns.""Simultaneously, the near-term China crude demand forecast looks high and susceptible to revision lower as lockdowns spread in the country ahead of the Lunar New Year,"" he said.The Biden administration has committed to curb carbon emissions and among his first actions as president, Biden announced America\'s return to the Paris climate accord and revoked a permit for the Keystone XL oil pipeline project from Canada.The administration is also committed to ending new oil and gas leasing on federal lands, Biden\'s press secretary said, although Biden has not laid out a timeline for achieving that goal.']","['MELBOURNE oil prices fell on thursday after data showed U.S. crude stocks unexpectedly rose last week, reigniting worries about pandemic restrictions cutting into fuel demand. U.S. west texas intermediate (WTI) crude futures fell 27 cents, or 0.5%, to $53.04 a barrel at 0147 GMT, following two days of gains on hopes of massive COVID-19 relief spending under new U.S. president joe biden. brent crude futures similarly dropped 26 cents, or 0.5%, to $55.82 a barrel. U.S. crude oil inventories rose 2.6 million barrels in the week to jan. 15, according to data from the american petroleum institute, an industry group, compared with analysts\' forecasts in a reuters poll for a fall of 1.2 million barrels.""oil prices look a tad vulnerable to potential profit-taking after U.S. crude stockpiles bearishly rose 2.56 million against consensus draw,"" axi chief market strategist stephen innes said in a note to clients.however gasoline stocks and distillate inventories, which include diesel, distillate and jet fuel, rose by less than analysts had expected.the U.S. energy information administration is due to release its weekly inventory report on Friday.Axi innes said COVID restrictions on mobility were hurting the near-term outlook for oil demand, though traders had been looking beyond that on the hopes that vaccine rollouts would ease lockdowns.""simultaneously, the near-term china crude demand forecast looks high and susceptible to revision lower as lockdowns spread in the country ahead of the lunar new year,"" he said.the biden administration has committed to curb carbon emissions and among his first actions as president, biden announced america return to the paris climate accord and revoked a permit for the keystone XL oil pipeline project from Canada.The administration is also committed to ending new oil and gas leasing on federal lands, biden press secretary said, although biden has not laid out a timeline for achieving that goal.']",['https://www.brecorder.com/news/40054283/oil-slips-on-surprise-rise-in-us-crude-stocks'],"['brent, , ']",['oil prices fell'],['neg'],110.38,[-5.33],-5.33,1,-3,-3,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The overall news sentiment is strongly negative, indicating a bearish outlook. The market signal aligns with this sentiment, further supporting a sell recommendation. Investors are advised to exercise caution and consider risk management strategies.""
}"
1/22/2021,"['Market watch: Policy rate, tariff concerns pull KSE-100 down', 'Asian markets step back from stimulus-driven record highs', ""Oil prices fall as China's surging COVID-19 cases trigger clampdowns"", 'Oil down 2pc as China COVID-19 cases trigger clampdowns', 'Oil down 2% as China Covid-19 cases trigger clampdowns', ""Oil drops 1pc as China's surging Covid-19 cases trigger clampdowns""]","['market watch policy rate, tariff concerns pull KSE-100 down', 'asian markets step back from stimulus-driven record highs', 'oil prices fall as china surging COVID-19 cases trigger clampdowns', 'oil down 2pc as china COVID-19 cases trigger clampdowns', 'oil down 2% as china Covid-19 cases trigger clampdowns', 'oil drops 1pc as china surging Covid-19 cases trigger clampdowns']","['Tribune', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune', 'Dawn']","['KARACHI:The stock market once again turned bearish on Friday as investors were concerned about the monetary policy announcement later in the day by the State Bank of Pakistan.The central bank left the benchmark policy rate unchanged at 7% for the next two months.Moreover, the news of increase in power tariff lent support to the downtrend as market participants divested their stockholdings. The government announced a tariff hike of Rs1.95 per unit on Thursday.A brief stay in the green zone at regular intervals was in line with performance of the global and regional equity markets.Earlier, taking cue from the previous session, the market opened on a positive note and surpassed the 46,000-point mark during initial trading. However, bears took over control during the second session and with that the market plunged. Towards the end of trading, optimism over the monetary policy helped erase some of the losses.At close, the benchmark KSE-100 index recorded a decrease of 116.42 points, or 0.25%, to settle at 45,868.04 points.Arif Habib Limited, in its report, stated that the market oscillated in a range of +132 points and -294 points. It closed the day in the red.“Global stock markets have taken a breather since last (Thursday) evening, which spilled over to regional markets as well,â€ÂÂ\x9d it said.The KSE-100 index recorded across-the-board selling on concern over the monetary policy decision, which was announced in the last hour of trading, and redemption from mutual funds.Furthermore, the increase in electricity tariff affected investors’ sentiment because of its likely impact on manufacturing concerns.Sectors contributing to the performance included exploration and production (-51 points), fertiliser (-21 points), technology (-19 points), oil and gas marketing (-16 points) and power (-13 points).Individually, stocks that contributed positively to the index included Systems Limited (+21 points), Kohinoor Textile Mills (+15 points), Faysal Bank (+13 points), Fauji Fertiliser Bin Qasim (+12 points) and International Industries (+11 points).Stocks that contributed negatively were TRG Pakistan (-40 points), Engro Corporation (-16 points), Mari Petroleum (-16 points), Pakistan Petroleum (-14 points) and Oil and Gas Development Company (-14 points).JS Global analyst Danish Ladhani said the KSE-100 closed in the negative zone after enduring a range-bound session. It touched intraday high and low of +132 points and -294 points respectively, and closed nearly 0.3% lower than the previous day.Total traded volume stood at 431 million shares. Sideboard stocks were the main contributors where K-Electric (-3.3%), Fauji Foods (+0.3%), Invest Capital Investment Bank (+28%), Pakistan International Bulk Terminal (+1.7%), Fauji Fertiliser Bin Qasim (+3.1%) and TRG Pakistan (-2.4%) were the volume leaders.“The market traded sideways throughout the day,â€ÂÂ\x9d he added. Mixed sentiment was seen in the cement sector where Pioneer Cement (+1.2%), Power Cement (+0.3%) and Maple Leaf Cement (+0.6%) remained in the green whereas Lucky Cement (-0.1%), Cherat Cement (-0.9%), DG Khan Cement (-0.4%) and Kohat Cement (-1.2%) were in the red.In the oil sector, Pakistan Oilfields (-0.5%), Pakistan Petroleum (-0.9%) and Oil and Gas Development Company (-0.7%) lost ground as oil prices fell in the international market in the wake of surging Covid-19 cases in China which triggered clampdowns.“We recommend investors to take any downside as an opportunity to buy stocks,â€ÂÂ\x9d the analyst said.Overall, trading volumes fell to 430.6 million shares compared with Thursday’s tally of 606.4 million. The value of shares traded during the day was Rs15.8 billion.Shares of 391 companies were traded. At the end of the day, 142 stocks closed higher, 232 declined and 17 remained unchanged.K-Electric was the volume leader with 54.1 million shares, losing Rs0.14 to close at Rs4.11. It was followed by Fauji Foods with 24.7 million shares, gaining Rs0.05 to close at Rs19.15 and Invest Capital Investment Bank with 23.7 million shares, gaining Rs0.76 to close at Rs3.47.Foreign institutional investors were net sellers of Rs98.8 million worth of shares during the trading session, according to data compiled by the National Clearing Company of Pakistan.', 'SYDNEY: Asian shares eased from record highs on Friday as investors took some money off the table after a recent rally that was driven by hopes a massive US economic stimulus plan by incoming President Joe Biden will help temper the COVID-19 impact.""The markets had such a strong run yesterday after the presidential inauguration in the US and the run-up to that, that the lead coming in from the US is a bit messy,"" said Shane Oliver, chief economist at investment manager AMP Capital in Sydney.""A lot of the good news is out there. I suspect a fairly flat day.""MSCI\'s broadest gauge of Asia Pacific stocks outside of Japan was off 0.2% at 722.49 points, a whisker away from its all-time high of 727.31 touched on Thursday.The index has jumped 3.7% so far this week, reflecting relief over an orderly transition of power in the United States and strong expectations that US stimulus will provide continued support for global assets.Republicans in the US Congress have indicated they are willing to work with President Joe Biden on his administration\'s top priority, a $1.9 trillion US fiscal stimulus plan, though some are opposed to the price tag.Democrats took control of the US Senate on Wednesday, though they will still need Republican support to pass the program.Australia\'s benchmark index was down 0.2% while Japan\'s Nikkei eased 0.4%.Chinese shares started on the backfoot with the blue-chip CSI300 index down 0.1% and Hong Kong\'s Hang Seng was off 0.1%.Overnight on Wall Street, both the S&P 500 and Nasdaq Composite closed at record highs.The Dow Jones Industrial Average eased a touch, falling into negative territory in the final minutes of trading.In currency markets, the US dollar picked up against a basket of currencies after three straight days of losses. It is down 0.7% so far this week.Against the Japanese yen, the dollar has slipped 0.25% so far this week.The commodity-sensitive Australian dollar is up 0.6% this week while the euro has climbed 0.7% in the period.The single currency was flat even as European Central Bank (ECB) President Christine Lagarde warned about a renewed surge in COVID-19 infections and the prospect of prolonged restrictions that could challenge the region\'s economic outlook.The ECB, which kept interest rates steady on Thursday, also pledged to provide more support for the economy if needed.The greenback\'s recent slide has been led by investors ploughing money into higher-yielding currencies on optimism about a rapid economic recovery led by massive US stimulus.Popular cyptocurrency bitcoin fell to an almost three-week low on Friday on profit-taking and worries about extra regulations.In commodities, oil prices slipped after an unexpected build-up in US crude stockpiles.Brent was off 23 cents at $55.86 a barrel while US crude inched 26 cents lower to $52.86.Spot gold was down 0.2% at 1,865.5 an ounce.', 'MELBOURNE/SINGAPORE: Oil prices dropped on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world\'s biggest oil importer.US West Texas Intermediate (WTI) crude futures dropped 53 cents, or 1%, to $52.60 a barrel at 0445 GMT, after slipping 18 cents on Thursday.Brent crude futures fell 45 cents, or 0.8%, to $55.65 a barrel, erasing a 2 cent gain on Thursday.Recovering fuel demand in China underpinned market gains late last year while the United States and Europe lagged, but that source of support is fading as a fresh wave of COVID-19 cases has sparked new restrictions to contain the spread.""Indeed, investors are struggling to see through short-term pain for long-term gain heading into the weekend as COVID case counts in China are the most significant demand concern for traders,"" Axi chief market strategist Stephen Innes said in a note.The commercial hub of Shanghai reported its first locally transmitted cases in two months on Thursday, and Beijing is urging people not to travel during the upcoming Lunar New Year holiday, when tens of millions of urban workers typically head back to their villages.A seasonal boost to China\'s gasoline demand that is typically seen during the New Year holidays will be moderated by the tightened restrictions this year, consultancy FGE said in a note.""We now have some data on vaccine rollouts, which show that acceptability is a bit on the low side, so pace of implementation may be slow... There may well be a bearish momentum developing (in oil markets),"" said Sukrit Vijayakar, director of energy consultancy Trifecta.The market is awaiting official oil inventory data from the US Energy Information Administration on Friday, after industry data on Wednesday showed a surprise 2.6 million barrel increase in US crude inventories last week compared with analysts\' forecasts for a 1.2 million barrel draw.', 'LONDON: Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world\'s biggest oil importer.Brent crude futures fell $1.31, or 2.3%, to $54.79 a barrel by 1230 GMT, after a 2 cent gain on Thursday.US West Texas Intermediate (WTI) crude futures dropped $1.3 cents, or 2.45%, to $51.83, a day after slipping 18 cents.""The biggest source of concern for the energy complex right now is rising coronavirus cases in China,"" said Stephen Brennock of broker PVM. ""This will dampen the near-term consumption outlook in the world\'s epicentre for global oil demand growth.""Recovering fuel demand in China underpinned market gains late last year while the United States and Europe lagged, but that source of support is fading as a fresh wave of COVID-19 cases has sparked new restrictions.The commercial hub of Shanghai reported its first locally transmitted cases in two months on Thursday, and Beijing is urging people not to travel during the upcoming Lunar New Year holiday, when tens of millions of urban workers typically head to their home towns.The market is awaiting official oil inventory data from the US Energy Information Administration (EIA) on Friday, after industry data on Wednesday showed a surprise 2.6 million barrel increase in US crude inventories last week compared with analysts\' forecasts for a 1.2 million barrel draw.The report will be published at 11:00 a.m. EST (1600 GMT).""Global oil demand could decline marginally in the first quarter of 2021 as many regions, including many European countries, have re-introduced mobility restrictions,"" analysts at Fitch Ratings said in a note.""The positive effects of vaccination programmes on the oil demand recovery may not be visible for several months until a critical mass of population is inoculated.""', 'LONDON:Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer.Brent crude futures fell $1.31, or 2.3%, to $54.79 a barrel by 1230 GMT, after a $0.02 gain on Thursday. US West Texas Intermediate (WTI) crude futures dropped $1.3, or 2.45%, to $51.83, a day after slipping $0.18.“The biggest source of concern for the energy complex right now is rising coronavirus cases in China,â€ÂÂ\x9d said Stephen Brennock of broker PVM. “This will dampen the near-term consumption outlook in the world’s epicentre for global oil demand growth.â€ÂÂ\x9dRecovering fuel demand in China underpinned market gains late last year while the United States and Europe lagged, but that source of support is fading as a fresh wave of Covid-19 cases has sparked new restrictions.The commercial hub of Shanghai reported its first locally transmitted cases in two months on Thursday, and Beijing is urging people not to travel during the upcoming Lunar New Year holiday, when tens of millions of urban workers typically head to their home towns.The market was awaiting official oil inventory data from the US Energy Information Administration (EIA) on Friday, after industry data on Wednesday showed a surprise 2.6-million-barrel increase in US crude inventories last week compared with analysts’ forecasts for a 1.2-million-barrel draw. The report will be published at 1600 GMT.“Global oil demand could decline marginally in the first quarter of 2021 as many regions, including many European countries, have re-introduced mobility restrictions,â€ÂÂ\x9d analysts at Fitch Ratings said in a note.“The positive effects of vaccination programmes on the oil demand recovery may not be visible for several months until a critical mass of population is inoculated.â€ÂÂ\x9d', 'Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world���������s biggest oil importer.US West Texas Intermediate crude futures dropped 65 cents, or 1.2 per cent, to $52.48 a barrel, after slipping 18 cents on Thursday.Brent crude futures fell 58 cents, or 1.03pc, to $55.52 a barrel, erasing a 2 cent gain on Thursday.���������In line with the more cautious tone displayed by financial markets today in Asia, both contracts have retreated,��������� said Jeffrey Halley, senior market analyst at OANDA.���������The fall this morning leaves both contracts in the middle of their two-week ranges. They could be potentially vulnerable to deeper corrections if this evening official US crude inventory data shows an unexpected climb.���������The market is awaiting official oil inventory data from the US Energy In crude inventories last week compared with analysts��������� forecasts for a 1.2 million barrel draw. Recovering fuel demand in China underpinned market gains late last year while the United States and Europe lagged, but that source of support is fading as a fresh wave of Covid-19 cases has sparked new restrictions to contain the spread.The commercial hub of Shanghai reported its first locally transmitted cases in two months on Thursday, and Beijing is urging people not to travel during the upcoming Lunar New Year holiday, when tens of millions of urban workers typically head back to their villages.���������Global oil demand could decline marginally in the first quarter of 2021 as many regions, including many European countries, have re-introduced mobility restrictions,��������� analysts at Fitch Ratings said in a note.���������The positive effects of vaccination programmes on the oil demand reco']","['KARACHI the stock market once again turned bearish on friday as investors were concerned about the monetary policy announcement later in the day by the state bank of Pakistan.The central bank left the benchmark policy rate unchanged at 7% for the next two months.moreover, the news of increase in power tariff lent support to the downtrend as market participants divested their stockholdings. the government announced a tariff hike of rs 1.95 per unit on Thursday.A brief stay in the green zone at regular intervals was in line with performance of the global and regional equity markets.earlier, taking cue from the previous session, the market opened on a positive note and surpassed the 46,000-point mark during initial trading. however, bears took over control during the second session and with that the market plunged. towards the end of trading, optimism over the monetary policy helped erase some of the losses.at close, the benchmark KSE-100 index recorded a decrease of 116.42 points, or 0.25%, to settle at 45,868.04 points.arif habib limited, in its report, stated that the market oscillated in a range of +132 points and -294 points. it closed the day in the red.global stock markets have taken a breather since last (Thursday) evening, which spilled over to regional markets as well, it said.the KSE-100 index recorded across-the-board selling on concern over the monetary policy decision, which was announced in the last hour of trading, and redemption from mutual funds.furthermore, the increase in electricity tariff affected investors sentiment because of its likely impact on manufacturing concerns.sectors contributing to the performance included exploration and production (-51 points), fertiliser (-21 points), technology (-19 points), oil and gas marketing (-16 points) and power (-13 points).individually, stocks that contributed positively to the index included systems limited (+21 points), kohinoor textile mills (+15 points), faysal bank (+13 points), fauji fertiliser bin qasim (+12 points) and international industries (+11 points).stocks that contributed negatively were TRG pakistan (-40 points), engro corporation (-16 points), mari petroleum (-16 points), pakistan petroleum (-14 points) and oil and gas development company (-14 points).JS global analyst danish ladhani said the KSE-100 closed in the negative zone after enduring a range-bound session. it touched intraday high and low of +132 points and -294 points respectively, and closed nearly 0.3% lower than the previous day.total traded volume stood at 431 million shares. sideboard stocks were the main contributors where K-Electric (-3.3%), fauji foods (+0.3%), invest capital investment bank (+28%), pakistan international bulk terminal (+1.7%), fauji fertiliser bin qasim (+3.1%) and TRG pakistan (-2.4%) were the volume leaders.the market traded sideways throughout the day, he added. mixed sentiment was seen in the cement sector where pioneer cement (+1.2%), power cement (+0.3%) and maple leaf cement (+0.6%) remained in the green whereas lucky cement (-0.1%), cherat cement (-0.9%), DG khan cement (-0.4%) and kohat cement (-1.2%) were in the red.in the oil sector, pakistan oilfields (-0.5%), pakistan petroleum (-0.9%) and oil and gas development company (-0.7%) lost ground as oil prices fell in the international market in the wake of surging Covid-19 cases in china which triggered clampdowns.we recommend investors to take any downside as an opportunity to buy stocks, the analyst said.overall, trading volumes fell to 430.6 million shares compared with thursdays tally of 606.4 million. the value of shares traded during the day was rs 15.8 billion.shares of 391 companies were traded. at the end of the day, 142 stocks closed higher, 232 declined and 17 remained unchanged.K-Electric was the volume leader with 54.1 million shares, losing rs 0.14 to close at rs 4.11. it was followed by fauji foods with 24.7 million shares, gaining rs 0.05 to close at rs 19.15 and invest capital investment bank with 23.7 million shares, gaining rs 0.76 to close at rs 3.47.foreign institutional investors were net sellers of rs 98.8 million worth of shares during the trading session, according to data compiled by the national clearing company of pakistan.', 'SYDNEY asian shares eased from record highs on friday as investors took some money off the table after a recent rally that was driven by hopes a massive US economic stimulus plan by incoming president joe biden will help temper the COVID-19 impact.""the markets had such a strong run yesterday after the presidential inauguration in the US and the run-up to that, that the lead coming in from the US is a bit messy,"" said shane oliver, chief economist at investment manager AMP capital in Sydney.""A lot of the good news is out there. I suspect a fairly flat day.""MSCI broadest gauge of asia pacific stocks outside of japan was off 0.2% at 722.49 points, a whisker away from its all-time high of 727.31 touched on Thursday.The index has jumped 3.7% so far this week, reflecting relief over an orderly transition of power in the united states and strong expectations that US stimulus will provide continued support for global assets.republicans in the US congress have indicated they are willing to work with president joe biden on his administration top priority, a $1.9 trillion US fiscal stimulus plan, though some are opposed to the price tag.democrats took control of the US senate on wednesday, though they will still need republican support to pass the program.australia benchmark index was down 0.2% while japan nikkei eased 0.4%.chinese shares started on the backfoot with the blue-chip CSI300 index down 0.1% and hong kong hang seng was off 0.1%.overnight on wall street, both the S&P 500 and nasdaq composite closed at record highs.the dow jones industrial average eased a touch, falling into negative territory in the final minutes of trading.in currency markets, the US dollar picked up against a basket of currencies after three straight days of losses. it is down 0.7% so far this week.against the japanese yen, the dollar has slipped 0.25% so far this week.the commodity-sensitive australian dollar is up 0.6% this week while the euro has climbed 0.7% in the period.the single currency was flat even as european central bank (ECB) president christine lagarde warned about a renewed surge in COVID-19 infections and the prospect of prolonged restrictions that could challenge the region economic outlook.the ECB, which kept interest rates steady on thursday, also pledged to provide more support for the economy if needed.the greenback recent slide has been led by investors ploughing money into higher-yielding currencies on optimism about a rapid economic recovery led by massive US stimulus.popular cyptocurrency bitcoin fell to an almost three-week low on friday on profit-taking and worries about extra regulations.in commodities, oil prices slipped after an unexpected build-up in US crude stockpiles.brent was off 23 cents at $55.86 a barrel while US crude inched 26 cents lower to $52.86.spot gold was down 0.2% at 1,865.5 an ounce.', 'MELBOURNE/SINGAPORE oil prices dropped on friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in china will curb fuel demand in the world biggest oil importer.US west texas intermediate (WTI) crude futures dropped 53 cents, or 1%, to $52.60 a barrel at 0445 GMT, after slipping 18 cents on Thursday.Brent crude futures fell 45 cents, or 0.8%, to $55.65 a barrel, erasing a 2 cent gain on Thursday.Recovering fuel demand in china underpinned market gains late last year while the united states and europe lagged, but that source of support is fading as a fresh wave of COVID-19 cases has sparked new restrictions to contain the spread.""indeed, investors are struggling to see through short-term pain for long-term gain heading into the weekend as COVID case counts in china are the most significant demand concern for traders,"" axi chief market strategist stephen innes said in a note.the commercial hub of shanghai reported its first locally transmitted cases in two months on thursday, and beijing is urging people not to travel during the upcoming lunar new year holiday, when tens of millions of urban workers typically head back to their villages.a seasonal boost to china gasoline demand that is typically seen during the new year holidays will be moderated by the tightened restrictions this year, consultancy FGE said in a note.""we now have some data on vaccine rollouts, which show that acceptability is a bit on the low side, so pace of implementation may be slow. there may well be a bearish momentum developing (in oil markets),"" said sukrit vijayakar, director of energy consultancy Trifecta.The market is awaiting official oil inventory data from the US energy information administration on friday, after industry data on wednesday showed a surprise 2.6 million barrel increase in US crude inventories last week compared with analysts\' forecasts for a 1.2 million barrel draw.', 'LONDON oil prices fell on friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in china will curb fuel demand in the world biggest oil importer.brent crude futures fell $1.31, or 2.3%, to $54.79 a barrel by 1230 GMT, after a 2 cent gain on Thursday.US west texas intermediate (WTI) crude futures dropped $1.3 cents, or 2.45%, to $51.83, a day after slipping 18 cents.""the biggest source of concern for the energy complex right now is rising coronavirus cases in china,"" said stephen brennock of broker PVM. ""this will dampen the near-term consumption outlook in the world epicentre for global oil demand growth.""recovering fuel demand in china underpinned market gains late last year while the united states and europe lagged, but that source of support is fading as a fresh wave of COVID-19 cases has sparked new restrictions.the commercial hub of shanghai reported its first locally transmitted cases in two months on thursday, and beijing is urging people not to travel during the upcoming lunar new year holiday, when tens of millions of urban workers typically head to their home towns.the market is awaiting official oil inventory data from the US energy information administration (EIA) on friday, after industry data on wednesday showed a surprise 2.6 million barrel increase in US crude inventories last week compared with analysts\' forecasts for a 1.2 million barrel draw.the report will be published at 11 00 a.m. EST (1600 GMT).""Global oil demand could decline marginally in the first quarter of 2021 as many regions, including many european countries, have re-introduced mobility restrictions,"" analysts at fitch ratings said in a note.""the positive effects of vaccination programmes on the oil demand recovery may not be visible for several months until a critical mass of population is inoculated.""', 'LONDON oil prices fell on friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in china will curb fuel demand in the worlds biggest oil importer.brent crude futures fell $1.31, or 2.3%, to $54.79 a barrel by 1230 GMT, after a $0.02 gain on thursday. US west texas intermediate (WTI) crude futures dropped $1.3, or 2.45%, to $51.83, a day after slipping $0.18.the biggest source of concern for the energy complex right now is rising coronavirus cases in china, said stephen brennock of broker PVM. this will dampen the near-term consumption outlook in the worlds epicentre for global oil demand growth.recovering fuel demand in china underpinned market gains late last year while the united states and europe lagged, but that source of support is fading as a fresh wave of Covid-19 cases has sparked new restrictions.the commercial hub of shanghai reported its first locally transmitted cases in two months on thursday, and beijing is urging people not to travel during the upcoming lunar new year holiday, when tens of millions of urban workers typically head to their home towns.the market was awaiting official oil inventory data from the US energy information administration (EIA) on friday, after industry data on wednesday showed a surprise 2.6-million-barrel increase in US crude inventories last week compared with analysts forecasts for a 1.2-million-barrel draw. the report will be published at 1600 GMT.Global oil demand could decline marginally in the first quarter of 2021 as many regions, including many european countries, have re-introduced mobility restrictions, analysts at fitch ratings said in a note.the positive effects of vaccination programmes on the oil demand recovery may not be visible for several months until a critical mass of population is inoculated.', 'oil prices fell on friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in china will curb fuel demand in the worlds biggest oil importer.US west texas intermediate crude futures dropped 65 cents, or 1.2 per cent, to $52.48 a barrel, after slipping 18 cents on Thursday.Brent crude futures fell 58 cents, or 1.03pc, to $55.52 a barrel, erasing a 2 cent gain on Thursday.In line with the more cautious tone displayed by financial markets today in asia, both contracts have retreated, said jeffrey halley, senior market analyst at OANDA.The fall this morning leaves both contracts in the middle of their two-week ranges. they could be potentially vulnerable to deeper corrections if this evening official US crude inventory data shows an unexpected climb.the market is awaiting official oil inventory data from the US energy in crude inventories last week compared with analysts forecasts for a 1.2 million barrel draw. recovering fuel demand in china underpinned market gains late last year while the united states and europe lagged, but that source of support is fading as a fresh wave of Covid-19 cases has sparked new restrictions to contain the spread.the commercial hub of shanghai reported its first locally transmitted cases in two months on thursday, and beijing is urging people not to travel during the upcoming lunar new year holiday, when tens of millions of urban workers typically head back to their villages.global oil demand could decline marginally in the first quarter of 2021 as many regions, including many european countries, have re-introduced mobility restrictions, analysts at fitch ratings said in a note.the positive effects of vaccination programmes on the oil demand reco']","['https://tribune.com.pk/story/2280976/market-watch-policy-rate-tariff-concerns-pull-kse-100-down', 'https://www.brecorder.com/news/40054745/asian-markets-step-back-from-stimulus-driven-record-highs', 'https://www.brecorder.com/news/40054716/oil-prices-fall-as-chinas-surging-covid-19-cases-trigger-clampdowns', 'https://www.brecorder.com/news/40054829/oil-down-2pc-as-china-covid-19-cases-trigger-clampdowns', 'https://tribune.com.pk/story/2280974/oil-down-2-as-china-covid-19-cases-trigger-clampdowns', 'https://www.dawn.com/news/1602951/oil-drops-1pc-as-chinas-surging-covid-19-cases-trigger-clampdowns']","['karachi, industries, ', 'brent, , ']","['oil prices fell', 'oil prices slip', 'oil prices dropped', 'oil prices fell', 'oil prices fell', 'oil prices fell']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg']",109.56,"[-5.33, -1.78, -1.61, -5.33, -5.33, -5.33]",-4.12,1,-3,-3,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""Although the market signal is neutral, the presence of two technical indicators suggesting a strong sell prompts us to recommend selling the position. Investors are advised to exercise caution and closely monitor the market for further developments.""
}"
1/25/2021,"['Stocks lose 116 points on profit-taking', 'Oil prices fall', 'LNG tender default turns into boon for Pakistan', 'PSX rangebound: BRIndex100 slips', 'Oil prices edge lower as Covid-19 lockdown concerns overshadow demand prospects', 'Oil prices edge lower as Covid-19 lockdown concerns overshadow demand prospects']","['stocks lose 116 points on profit-taking', 'oil prices fall', 'LNG tender default turns into boon for pakistan', 'PSX rangebound BRIndex100 slips', 'oil prices edge lower as Covid-19 lockdown concerns overshadow demand prospects', 'oil prices edge lower as Covid-19 lockdown concerns overshadow demand prospects']","['Dawn', 'Business Recorder', 'Dawn', 'Business Recorder', 'Dawn', 'Tribune']","['KARACHI: Stocks drif������ted lower on the last trading day of the week in the absence of triggers that could carry the market forward. The benchmark index was down by 116.42 points, or 0.25 per cent, to close at 45,868.04 on Friday.Profit-taking took hold at the start of the second session which was so intense that the index drifted deep into the red. The index stabilised in the last half hour after a range-bound movement between intraday high and low by 132 and 294 points. The State Bank of Pakis������tan unveiled the Monetary Policy Statement in the evening, keeping the policy rate unchanged at 7pc, which was in line with consensus forecast.Profit-taking brought down the E&P sector by 51 points; fertiliser 21 points; oil 51 points; technology 19 points; oil and gas marketing companies 16 points and power sector 13 points.   Stocks that contributed positively to the index inclu������ded Systems (21 points), KTML (15 points), FABL (13 points), FFBL (12 points) and INIL (11luded TRG (40 points), Engro (16 points), MARI (16 points), PPL (14 points) and OGDC (14 points).Analyst Ahsan Mehanti observed that the stocks closed lower in the earnings reporting season on slump in global stocks and crude oil prices. Investor concerns over current account deficit in December, rising circular debt and recent hike in power tariff for industries played a catalyst role for a bearish close.The traded volume declined 29pc over the previous day to 430.6m shares and the traded value also fell 12pc to Rs15.8bn. K-Electric took top slot in terms of number of shares traded at 54m shares. Mixed sentiments were noted in the cement sector where Pioneer, Power, Maple Leaf closed in the green while Lucky, Cherat, D.G Khan and Kohat Cement lost values.All three major scrips on the E&P sector: Pakistan Oilfields, Pakistan Petro������leum and OGDC came under pressure as oil prices plummeted in the international market on China���������s surging Covid-19 cases which triggered lo 2021', 'LONDON: Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer.Brent crude futures fell 73 cents, or 1.3%, to $55.37 a barrel by 1501 GMT, after a 2 cent gain on Thursday.US West Texas Intermediate (WTI) crude futures dropped $82 cents, or 1.5%, to $52.31, a day after slipping 18 cents.Recovering fuel demand in China underpinned market gains late last year while the United States and Europe lagged, but that source of support is fading as a fresh wave of COVID-19 cases has sparked new restrictions.“The pandemic seems to continue to expand into a second wave in China, with infections rising by the day and reaching again different regions such as Shanghai,â€Â\x9d said Rystad Energy oil markets analyst Louise Dickson.“A rise in Chinese infection numbers is of particular concern .. because China is among the world’s largest oil consumers and the market that helped oil prices recover the mostâ€Â\x9d, she added.The market is awaiting official oil inventory data from the US Energy Information Administration (EIA) on Friday, after industry data on Wednesday showed a surprise 2.6 million barrel increase in US crude inventories last week compared with analysts’ forecasts for a 1.2 million barrel draw.The report will be published at 11:00 a.m. EST (1600 GMT).“Global oil demand could decline marginally in the first quarter of 2021 as many regions, including many European countries, have re-introduced mobility restrictions,â€Â\x9d analysts at Fitch Ratings said in a note.“The positive effects of vaccination programmes on the oil demand recovery may not be visible for several months until a critical mass of population is inoculated.â€Â\x9d', 'ISLAMABAD: The liquefied natural gas (LNG) supply defaults last week by two foreign state-owned companies ��������� Enoc and SOCAR ��������� came as a blessing in disguise to Pakistan as two urgent replacement tenders for February fetched about 16-18 per cent cheaper rates as international market plunged.  The urgent tender floated by state-run Pakistan LNG Limited (PLL) for second half of next month attracted the lowest bid of $9.58 per million British thermal unit (MMBTU) or 19.5pc of Brent for Feb 21-22 window from Vitol Trading and $8 per MMBTU or 16.3pc of Brent from Qatar LNG for Feb 25-26 window.  In comparison, the lowest bids from defaulting parties for almost same period were $11.48 per MMBTU or 23.41pc of Brent for Feb 15-16 by SOCAR of Azerbaijan and $10.22 per MMBTU or 20.09pc of Brent by Enoc of UAE for Feb 23-24.  Informed sources in the PLL said that SOCAR not only defaulted on its February bid but also tried to blackmail the PLL into committing about 11 carn market rates under government-to-government (G2G) arrangement without bidding. Documents seen by Dawn show the PLL and SOCAR remained engaged in talks until the last moment but the requirement for cabinet approval for G2G deal ended the process.   Replacement orders fetch cheaper rates Fortunately, the prices had already gone down in the market by the time the PLL floated urgent tenders.  Two major factors contributed to the LNG market crash. This included an intervention by Japan���������s energy regulator to exit the spot market in an attempt to ensure that power prices do not go up further amid warmer weather conditions. Likewise, South Koreans also decided against securing additional gas for February.  As a consequence, LNG traders hoarding the product had nowhere to offload their cargoes, thus a fall in spot market. At present, European and Far Eastern importers are paying about $7.5 and $8.2 per MMBTU, respectively. Market analysts now expect the LNG prices going further down to abou2pc of Brent in April onwards period until October next year.  The petroleum division that seldom announces PLL bid results immediately claimed credit for the lower prices. In a statement, it said the PLL ���������has arranged one more LNG cargo at a lower price for the month of February 2021 through an urgent tender. The price is approximately 22pc lower than the price of the bidder that withdrew its bid earlier for same cargo���������.  The petroleum division said this also put to rest the argument that ���������ordering very early necessarily guarantees a better price���������. It said the time period between the bid submission date and delivery date of cargo for the urgent tender was 35 days as compared with 49 days for the earlier tender in the same delivery window.  The episode also established the fact that traders do not own cargoes, do not care about reputational damage and hence chose to default on Pakistani tender as they were e process, however, Pakistan is estimated to have got a saving of $7m-$10m per cargo when compared to two lost cargoes.  This means the government should move away from traders and encourage producers to participate in tenders. It is also important to plan and procure in advance in a bullish market while buyers have a better choice in bearish market. This is also supported by Indian advance bidding that resulted in $5-6 per MMBTU now being delivered.  Interestingly, the PLL has received bids for March 2-23 delivery window at the rate between $17 and $23.75 per cargo. All the spot cargos contain about 140,000 cubic meters of LNG or 3.2 million MMBTU.   PLL CEO Masood Nabi could not be contacted for comment despite efforts, but his close aides said the procurement rules were hampering competitive rates to Pakistan because 10-day period between bid opening and contract award provided bidders to move to greener pastures.  PLL sources said the SOCAR initially offered six cargoes for current year under G2G arrangements between Pakistan and Azerbaijan and when it emerged as lowest evaluated bidder for February tender, the company increased its offer to 11 cargoes at a rate almost a dollar higher than Japan-Korea market. This was subject to the condition that the PLL should not award the February cargo of 23.43pc of Brent SOCAR had won in bidding. The talks fell apart after consultant Wood Mackenzie voted against the offer for being uncompetitive in South Asia.Published in Dawn, January 23rd, 2021', ""KARACHI: Pakistan Stock Exchange Friday closed on a negative note due to selling in various sectors as investors opted to book profits on available margins.BRIndex100 lost 16.39 points or 0.34 percent to close at 4,847.87 points. BRIndex-100 hit intraday high of 4,882.37 and intraday low of 4,826.13 points. Volumes stood at 371.733 million shares.BRIndex30 decreased by 119.04 points or 0.48 percent to close at 24,702.16 points with a turnover of 220.429 million shares.The KSE-100 Index declined by 116.42 points or 0.25 percent to close at 45,868.04 points. Trading activity remained thin as daily volumes on ready counter decreased to 430.628 million shares as compared to 606.380 million shares traded on Thursday. Foreign investors remained net sellers of shares worth $613,600. Total market capitalization declined by Rs 19 billion to Rs 8.315 trillion. Out of total 391 active scrips, 232 closed in negative and 142 in positive while the value of 17 stocks remained unchanged.K-Electric was the volume leader with 54.062 million shares however lost Rs 0.14 to close at Rs 4.11 followed by Fauji Foods that gained Rs 0.05 to close at Rs 19.15 with 24.684 million shares. Rafhan Maize and ICI Pakistan were the top gainers increasing by Rs 411.00 and Rs 17.03 respectively to close at Rs 10890.00 and Rs 859.08 while Nestle Pakistan and Mari Petroleum were the top losers declining by Rs 25.00 and Rs 23.52 respectively to close at Rs 6575.00 and Rs 1427.08.BR Automobile Assembler Index decreased by 40.91 points or 0.48 percent to close at 8,481.46 points with total turnover of 1.611 million shares.BR Cement Index lost 3.91 points or 0.06 percent to close at 6,280.15 points with 16.213 million shares.BR Commercial Banks Index closed at 9,522.78 points, down 5.24 points or 0.05 percent with 38.113 million shares.BR Power Generation and Distribution Index fell by 31.63 points or 0.54 percent to close at 5,809.54 points with 63.401 million shares.BR Oil and Gas Index plunged by 32.99 points or 0.78 percent to close at 4,183.30 points with 19.638 million shares.BR Tech. & Comm. Index declined by 11.06 points or 0.36 percent to close at 3,059.34 points with 54.426 million shares.Danish Ladhani at JS Global Capital said that the KSE-100 Index closed in the negative zone after a rangebound session making a high and a low of plus 132 points and minus 294 points, respectively, nearly 0.3 percent lower than last closing.Side boards were the main contributors, where KEL (down 3.3 percent), FFL (up 0.3 percent), ICIBL (up 28 percent), PIBTL (up 1.7 percent), FFBL (up 3.1 percent) and TRG (down 2.4 percent) were volume leaders. The market remained sideways throughout the trading session. Mixed sentiment was seen in Cements where PIOC (up 1.2 percent), POWER (up 0.3 percent), and MLCF (up 0.6 percent) closed in the green zone whereas LUCK (down 0.1 percent), CHCC (down 0.9 percent), DGKC (down 0.4 percent), KOHC (down 1.2 percent) closed in the negative trajectory.POL (down 0.5 percent), PPL (down 0.9 percent) and OGDC (down 0.7 percent) closed in the negative zone as oil prices plummeted in the international market as China's surging COVID-19 cases trigger clampdowns.Copyright Business Recorder, 2021"", 'Oil prices slipped for a second straight session on Monday as renewed Covid-19 lockdowns raised fresh concerns about global fuel demand.Brent crude futures for March fell 8 cents, or 0.1 per cent, to $55.38 a barrel by 0717 GMT, while US West Texas Intermediate crude for March was at $52.26 a barrel, down 1 cent.���������Signs of weaker demand weighed on the market,��������� ANZ analysts said, pointing to lockdowns in Hong Kong, China and possibly France as Covid-19 cases rise, restricting business activity and fuel consumption.China reported a climb in new Covid-19 cases on Monday, casting a pall over demand prospects in the world���������s largest energy consumer, the main pillar of strength for global oil consumption.Last Friday prices came under further pressure after data from the US Energy Information Administration showed US crude inventories surprisingly rose by 4.4 million barrels in the week to Jan 15, versus expectations for a draw of 1.2 millios rose for a ninth week in a row in the week to Jan 22, but are still 52pc below this time last year, data from Baker Hughes showed.The rig count is expected to rebound further in the weeks ahead as producers maximise output ahead of spring, according to Stephen Schork, editor of oil market newsletter editor The Schork Report.Some support for prices has come in recent weeks from additional production cuts from the world���������s top exporter, Saudi Arabia.But investors are watching for a resumption of talks between the United States and Iran on a nuclear accord ��������� which could see Washington lifting sanctions on Tehran���������s oil exports, boosting supply.Iran���������s oil minister said on Friday the country���������s oil exports have climbed in recent months and its sales of petroleum products to foreign buyers reached record highs despite US sanctions.On Sunday, Indonesia said its coast guard had seized the Iy����', 'SINGAPORE:Oil prices slipped for a second straight session on Monday as renewed Covid-19 lockdowns raised fresh concerns about global fuel demand.Brent crude futures for March fell 8 cents, or 0.1%, to $55.38 a barrel by 0717 GMT, while US West Texas Intermediate crude for March was at $52.26 a barrel, down 1 cent.“Signs of weaker demand weighed on the market,â€ÂÂ\x9d ANZ analysts said, pointing to lockdowns in Hong Kong, China and possibly France as Covid-19 cases rise, restricting business activity and fuel consumption.China reported a climb in new Covid-19 cases on Monday, casting a pall over demand prospects in the world’s largest energy consumer, the main pillar of strength for global oil consumption.Last Friday prices came under further pressure after data from the US Energy Information Administration showed US crude inventories surprisingly rose by 4.4 million barrels in the week to Jan 15, versus expectations for a draw of 1.2 million barrels.Read: Oil down 2% as China Covid-19 cases trigger clampdownsThe number of oil and natural gas rigs added by US energy firms rose for a ninth week in a row in the week to Jan 22, but are still 52% below this time last year, data from Baker Hughes showed.The rig count is expected to rebound further in the weeks ahead as producers maximise output ahead of spring, according to Stephen Schork, editor of oil market newsletter editor The Schork Report.Some support for prices has come in recent weeks from additional production cuts from the world’s top exporter, Saudi Arabia. But investors are watching for a resumption of talks between the United States and Iran on a nuclear accord - which could see Washington lifting sanctions on Tehran’s oil exports, boosting supply.Iran’s oil minister said on Friday the country’s oil exports have climbed in recent months and its sales of petroleum products to foreign buyers reached record highs despite US sanctions.On Sunday, Indonesia said its coast guard had seized the Iranian-flagged MT Horse and the Panamanian-flagged MT Freya vessels over suspected illegal fuel transfers off the country’s waters.']","['KARACHI stocks drifted lower on the last trading day of the week in the absence of triggers that could carry the market forward. the benchmark index was down by 116.42 points, or 0.25 per cent, to close at 45,868.04 on Friday.Profit-taking took hold at the start of the second session which was so intense that the index drifted deep into the red. the index stabilised in the last half hour after a range-bound movement between intraday high and low by 132 and 294 points. the state bank of pakistan unveiled the monetary policy statement in the evening, keeping the policy rate unchanged at 7pc, which was in line with consensus forecast.Profit-taking brought down the E&P sector by 51 points fertiliser 21 points oil 51 points technology 19 points oil and gas marketing companies 16 points and power sector 13 points. stocks that contributed positively to the index included systems (21 points), KTML (15 points), FABL (13 points), FFBL (12 points) and INIL (11luded TRG (40 points), engro (16 points), MARI (16 points), PPL (14 points) and OGDC (14 points).analyst ahsan mehanti observed that the stocks closed lower in the earnings reporting season on slump in global stocks and crude oil prices. investor concerns over current account deficit in december, rising circular debt and recent hike in power tariff for industries played a catalyst role for a bearish close.the traded volume declined 29pc over the previous day to 430.6m shares and the traded value also fell 12pc to rs 15.8bn. K-Electric took top slot in terms of number of shares traded at 54m shares. mixed sentiments were noted in the cement sector where pioneer, power, maple leaf closed in the green while lucky, cherat, D.G khan and kohat cement lost values.all three major scrips on the E&P sector pakistan oilfields, pakistan petroleum and OGDC came under pressure as oil prices plummeted in the international market on chinas surging Covid-19 cases which triggered lo 2021', 'LONDON oil prices fell on friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in china will curb fuel demand in the worlds biggest oil importer.brent crude futures fell 73 cents, or 1.3%, to $55.37 a barrel by 1501 GMT, after a 2 cent gain on Thursday.US west texas intermediate (WTI) crude futures dropped $82 cents, or 1.5%, to $52.31, a day after slipping 18 cents.recovering fuel demand in china underpinned market gains late last year while the united states and europe lagged, but that source of support is fading as a fresh wave of COVID-19 cases has sparked new restrictions.the pandemic seems to continue to expand into a second wave in china, with infections rising by the day and reaching again different regions such as shanghai, said rystad energy oil markets analyst louise Dickson.A rise in chinese infection numbers is of particular concern .. because china is among the worlds largest oil consumers and the market that helped oil prices recover the most, she added.the market is awaiting official oil inventory data from the US energy information administration (EIA) on friday, after industry data on wednesday showed a surprise 2.6 million barrel increase in US crude inventories last week compared with analysts forecasts for a 1.2 million barrel draw.the report will be published at 11 00 a.m. EST (1600 GMT).Global oil demand could decline marginally in the first quarter of 2021 as many regions, including many european countries, have re-introduced mobility restrictions, analysts at fitch ratings said in a note.the positive effects of vaccination programmes on the oil demand recovery may not be visible for several months until a critical mass of population is inoculated.', 'ISLAMABAD the liquefied natural gas (LNG) supply defaults last week by two foreign state-owned companies enoc and SOCAR came as a blessing in disguise to pakistan as two urgent replacement tenders for february fetched about 16-18 per cent cheaper rates as international market plunged. the urgent tender floated by state-run pakistan LNG limited (PLL) for second half of next month attracted the lowest bid of $9.58 per million british thermal unit (MMBTU) or 19.5pc of brent for feb 21-22 window from vitol trading and $8 per MMBTU or 16.3pc of brent from qatar LNG for feb 25-26 window. in comparison, the lowest bids from defaulting parties for almost same period were $11.48 per MMBTU or 23.41pc of brent for feb 15-16 by SOCAR of azerbaijan and $10.22 per MMBTU or 20.09pc of brent by enoc of UAE for feb 23-24. informed sources in the PLL said that SOCAR not only defaulted on its february bid but also tried to blackmail the PLL into committing about 11 carn market rates under government-to-government (G2G) arrangement without bidding. documents seen by dawn show the PLL and SOCAR remained engaged in talks until the last moment but the requirement for cabinet approval for G2G deal ended the process. replacement orders fetch cheaper rates fortunately, the prices had already gone down in the market by the time the PLL floated urgent tenders. two major factors contributed to the LNG market crash. this included an intervention by japans energy regulator to exit the spot market in an attempt to ensure that power prices do not go up further amid warmer weather conditions. likewise, south koreans also decided against securing additional gas for february. as a consequence, LNG traders hoarding the product had nowhere to offload their cargoes, thus a fall in spot market. at present, european and far eastern importers are paying about $7.5 and $8.2 per MMBTU, respectively. market analysts now expect the LNG prices going further down to abou2pc of brent in april onwards period until october next year. the petroleum division that seldom announces PLL bid results immediately claimed credit for the lower prices. in a statement, it said the PLL has arranged one more LNG cargo at a lower price for the month of february 2021 through an urgent tender. the price is approximately 22pc lower than the price of the bidder that withdrew its bid earlier for same cargo. the petroleum division said this also put to rest the argument that ordering very early necessarily guarantees a better price. it said the time period between the bid submission date and delivery date of cargo for the urgent tender was 35 days as compared with 49 days for the earlier tender in the same delivery window. the episode also established the fact that traders do not own cargoes, do not care about reputational damage and hence chose to default on pakistani tender as they were e process, however, pakistan is estimated to have got a saving of $7m-$10m per cargo when compared to two lost cargoes. this means the government should move away from traders and encourage producers to participate in tenders. it is also important to plan and procure in advance in a bullish market while buyers have a better choice in bearish market. this is also supported by indian advance bidding that resulted in $5-6 per MMBTU now being delivered. interestingly, the PLL has received bids for march 2-23 delivery window at the rate between $17 and $23.75 per cargo. all the spot cargos contain about 140,000 cubic meters of LNG or 3.2 million MMBTU. PLL CEO masood nabi could not be contacted for comment despite efforts, but his close aides said the procurement rules were hampering competitive rates to pakistan because 10-day period between bid opening and contract award provided bidders to move to greener pastures. PLL sources said the SOCAR initially offered six cargoes for current year under G2G arrangements between pakistan and azerbaijan and when it emerged as lowest evaluated bidder for february tender, the company increased its offer to 11 cargoes at a rate almost a dollar higher than Japan-Korea market. this was subject to the condition that the PLL should not award the february cargo of 23.43pc of brent SOCAR had won in bidding. the talks fell apart after consultant wood mackenzie voted against the offer for being uncompetitive in south Asia.', 'KARACHI pakistan stock exchange friday closed on a negative note due to selling in various sectors as investors opted to book profits on available margins.BRIndex100 lost 16.39 points or 0.34 percent to close at 4,847.87 points. BRIndex-100 hit intraday high of 4,882.37 and intraday low of 4,826.13 points. volumes stood at 371.733 million shares.BRIndex30 decreased by 119.04 points or 0.48 percent to close at 24,702.16 points with a turnover of 220.429 million shares.the KSE-100 index declined by 116.42 points or 0.25 percent to close at 45,868.04 points. trading activity remained thin as daily volumes on ready counter decreased to 430.628 million shares as compared to 606.380 million shares traded on thursday. foreign investors remained net sellers of shares worth $613,600. total market capitalization declined by rs 19 billion to rs 8.315 trillion. out of total 391 active scrips, 232 closed in negative and 142 in positive while the value of 17 stocks remained unchanged.K-Electric was the volume leader with 54.062 million shares however lost rs 0.14 to close at rs 4.11 followed by fauji foods that gained rs 0.05 to close at rs 19.15 with 24.684 million shares. rafhan maize and ICI pakistan were the top gainers increasing by rs 411.00 and rs 17.03 respectively to close at rs 10890.00 and rs 859.08 while nestle pakistan and mari petroleum were the top losers declining by rs 25.00 and rs 23.52 respectively to close at rs 6575.00 and rs 1427.08.BR automobile assembler index decreased by 40.91 points or 0.48 percent to close at 8,481.46 points with total turnover of 1.611 million shares.BR cement index lost 3.91 points or 0.06 percent to close at 6,280.15 points with 16.213 million shares.BR commercial banks index closed at 9,522.78 points, down 5.24 points or 0.05 percent with 38.113 million shares.BR power generation and distribution index fell by 31.63 points or 0.54 percent to close at 5,809.54 points with 63.401 million shares.BR oil and gas index plunged by 32.99 points or 0.78 percent to close at 4,183.30 points with 19.638 million shares.BR tech. & comm. index declined by 11.06 points or 0.36 percent to close at 3,059.34 points with 54.426 million shares.danish ladhani at JS global capital said that the KSE-100 index closed in the negative zone after a rangebound session making a high and a low of plus 132 points and minus 294 points, respectively, nearly 0.3 percent lower than last closing.side boards were the main contributors, where KEL (down 3.3 percent), FFL (up 0.3 percent), ICIBL (up 28 percent), PIBTL (up 1.7 percent), FFBL (up 3.1 percent) and TRG (down 2.4 percent) were volume leaders. the market remained sideways throughout the trading session. mixed sentiment was seen in cements where PIOC (up 1.2 percent), POWER (up 0.3 percent), and MLCF (up 0.6 percent) closed in the green zone whereas LUCK (down 0.1 percent), CHCC (down 0.9 percent), DGKC (down 0.4 percent), KOHC (down 1.2 percent) closed in the negative trajectory.POL (down 0.5 percent), PPL (down 0.9 percent) and OGDC (down 0.7 percent) closed in the negative zone as oil prices plummeted in the international market as china surging COVID-19 cases trigger clampdowns.', 'oil prices slipped for a second straight session on monday as renewed Covid-19 lockdowns raised fresh concerns about global fuel demand.brent crude futures for march fell 8 cents, or 0.1 per cent, to $55.38 a barrel by 0717 GMT, while US west texas intermediate crude for march was at $52.26 a barrel, down 1 cent.signs of weaker demand weighed on the market, ANZ analysts said, pointing to lockdowns in hong kong, china and possibly france as Covid-19 cases rise, restricting business activity and fuel consumption.china reported a climb in new Covid-19 cases on monday, casting a pall over demand prospects in the worlds largest energy consumer, the main pillar of strength for global oil consumption.last friday prices came under further pressure after data from the US energy information administration showed US crude inventories surprisingly rose by 4.4 million barrels in the week to jan 15, versus expectations for a draw of 1.2 millios rose for a ninth week in a row in the week to jan 22, but are still 52pc below this time last year, data from baker hughes showed.the rig count is expected to rebound further in the weeks ahead as producers maximise output ahead of spring, according to stephen schork, editor of oil market newsletter editor the schork Report.Some support for prices has come in recent weeks from additional production cuts from the worlds top exporter, saudi Arabia.But investors are watching for a resumption of talks between the united states and iran on a nuclear accord which could see washington lifting sanctions on tehrans oil exports, boosting supply.irans oil minister said on friday the countrys oil exports have climbed in recent months and its sales of petroleum products to foreign buyers reached record highs despite US sanctions.on sunday, indonesia said its coast guard had seized the iy', 'SINGAPORE oil prices slipped for a second straight session on monday as renewed Covid-19 lockdowns raised fresh concerns about global fuel demand.brent crude futures for march fell 8 cents, or 0.1%, to $55.38 a barrel by 0717 GMT, while US west texas intermediate crude for march was at $52.26 a barrel, down 1 cent.signs of weaker demand weighed on the market, ANZ analysts said, pointing to lockdowns in hong kong, china and possibly france as Covid-19 cases rise, restricting business activity and fuel consumption.china reported a climb in new Covid-19 cases on monday, casting a pall over demand prospects in the worlds largest energy consumer, the main pillar of strength for global oil consumption.last friday prices came under further pressure after data from the US energy information administration showed US crude inventories surprisingly rose by 4.4 million barrels in the week to jan 15, versus expectations for a draw of 1.2 million barrels.read oil down 2% as china Covid-19 cases trigger clampdownsthe number of oil and natural gas rigs added by US energy firms rose for a ninth week in a row in the week to jan 22, but are still 52% below this time last year, data from baker hughes showed.the rig count is expected to rebound further in the weeks ahead as producers maximise output ahead of spring, according to stephen schork, editor of oil market newsletter editor the schork Report.Some support for prices has come in recent weeks from additional production cuts from the worlds top exporter, saudi arabia. but investors are watching for a resumption of talks between the united states and iran on a nuclear accord - which could see washington lifting sanctions on tehrans oil exports, boosting supply.irans oil minister said on friday the countrys oil exports have climbed in recent months and its sales of petroleum products to foreign buyers reached record highs despite US sanctions.on sunday, indonesia said its coast guard had seized the Iranian-flagged MT horse and the Panamanian-flagged MT freya vessels over suspected illegal fuel transfers off the countrys waters.']","['https://www.dawn.com/news/1603071/stocks-lose-116-points-on-profit-taking', 'https://www.brecorder.com/news/40054960/oil-prices-fall', 'https://www.dawn.com/news/1603058/lng-tender-default-turns-into-boon-for-pakistan', 'https://www.brecorder.com/news/40055030/psx-rangebound-brindex100-slips', 'https://www.dawn.com/news/1603538/oil-prices-edge-lower-as-covid-19-lockdown-concerns-overshadow-demand-prospects', 'https://tribune.com.pk/story/2281280/oil-prices-edge-lower-as-covid-19-lockdown-concerns-overshadow-demand-prospects']","['market capitalization, pakistan, ', 'brent, , ', 'debt, pakistan, ']","['oil prices plummeted', 'oil prices fell', 'liquefied natural gas LNG supply defaults', 'oil prices plummeted', 'oil prices slip', 'oil prices slip']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg']",108.55,"[-1.09, -5.33, -1.06, -1.09, -1.78, -1.78]",-2.02,2,-3,-3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The market signal indicates holding the position as it falls within the range indicating no clear direction. Despite the moderate negative news impact, it's advisable to refrain from making any immediate trading decisions. Investors are encouraged to stay vigilant and await clearer signals before taking action.""
}"
1/26/2021,"['Oil prices slide as virus cases rise, demand worries persist']","['oil prices slide as virus cases rise, demand worries persist']",['Business Recorder'],"['NEW YORK: Oil prices eased on Tuesday as coronavirus cases globally continued to rise, but losses were capped amid reports of a blast in Saudi Arabia.Brent crude was up 4 cents, or 0.1pc, at $55.92 by 12:57 p.m. ET (1757 GMT,) while U.S. crude fell 19 cents, or 0.4pc, to $52.58. Indonesia, the world\'s fourth-most-populous country, surpassed a million confirmed coronavirus cases on Tuesday while the number of cases in the United States crossed 25 million on Sunday, a Reuters tally showed.Prices edged up after reports of a blast in the Saudi Arabian capital Riyadh, although the cause remains unclear.Oil prices were also supported as geopolitical tensions flared after two supertankers, with crew members from Iran and China, were seized on Sunday in Indonesian waters near Kalimantan island for suspected illegal oil transfers.""Prices are likely to hold back if the Indonesian vessel seizure gets resolved quickly and if today\'s blast in Saudi Arabia proves to be an isolated incident that does not escalate regional tensions, consequently not affecting oil output,"" said Rystad Energy\'s head of oil markets, Bjornar Tonhaugen.""Oil demand is definitely under pressure currently and will be for a while until lockdowns are lifted and COVID-19 infection speed slows down""China is reporting rising COVID-19 cases, casting a pall over demand prospects in the world\'s largest energy consumer.  Elsewhere, Indian crude oil imports in December rose to their highest in more than two years.Dampening bullish sentiment, U.S. Democrats are still trying to convince Republican lawmakers of the need for more stimulus, raising questions over when and in what form a package will be approved. Raising the prospect of higher oil demand later in the year, the International Monetary Fund predicted global growth of 5.5pc in 2021, an increase of 0.3 percentage points from the October forecast, citing expectations of a vaccine-powered uptick.On the supply side, the Organization of the Petroleum Exporting Countries and its allies\' compliance with pledged oil output curbs is averaging 85pc in January, tanker tracker Petro-Logistics said on Monday, suggesting the group has improved compliance with supply curb commitments.Also, output from the giant Tengiz field in Kazakhstan, disrupted by a power cut on Jan. 17, will be restored over the next few days, according to Tengizchevroil. ""It appears that market players are cautiously sanguine about the producer group\'s market management strategy and therefore about the imminent depletion in global oil inventories,"" PVM analysts said.']","['NEW YORK oil prices eased on tuesday as coronavirus cases globally continued to rise, but losses were capped amid reports of a blast in saudi Arabia.Brent crude was up 4 cents, or 0.1pc, at $55.92 by 12 57 p.m. ET (1757 GMT,) while U.S. crude fell 19 cents, or 0.4pc, to $52.58. indonesia, the world fourth-most-populous country, surpassed a million confirmed coronavirus cases on tuesday while the number of cases in the united states crossed 25 million on sunday, a reuters tally showed.prices edged up after reports of a blast in the saudi arabian capital riyadh, although the cause remains unclear.oil prices were also supported as geopolitical tensions flared after two supertankers, with crew members from iran and china, were seized on sunday in indonesian waters near kalimantan island for suspected illegal oil transfers.""prices are likely to hold back if the indonesian vessel seizure gets resolved quickly and if today blast in saudi arabia proves to be an isolated incident that does not escalate regional tensions, consequently not affecting oil output,"" said rystad energy head of oil markets, bjornar Tonhaugen.""Oil demand is definitely under pressure currently and will be for a while until lockdowns are lifted and COVID-19 infection speed slows down""china is reporting rising COVID-19 cases, casting a pall over demand prospects in the world largest energy consumer. elsewhere, indian crude oil imports in december rose to their highest in more than two years.dampening bullish sentiment, U.S. democrats are still trying to convince republican lawmakers of the need for more stimulus, raising questions over when and in what form a package will be approved. raising the prospect of higher oil demand later in the year, the international monetary fund predicted global growth of 5.5pc in 2021, an increase of 0.3 percentage points from the october forecast, citing expectations of a vaccine-powered uptick.on the supply side, the organization of the petroleum exporting countries and its allies\' compliance with pledged oil output curbs is averaging 85pc in january, tanker tracker Petro-Logistics said on monday, suggesting the group has improved compliance with supply curb commitments.also, output from the giant tengiz field in kazakhstan, disrupted by a power cut on jan. 17, will be restored over the next few days, according to tengizchevroil. ""it appears that market players are cautiously sanguine about the producer group market management strategy and therefore about the imminent depletion in global oil inventories,"" PVM analysts said.']",['https://www.brecorder.com/news/40056375/oil-prices-slide-as-virus-cases-rise-demand-worries-persist'],"['brent, , ']",['oil prices slide'],['neg'],108.28,[0.36],0.36,2,-3,-3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The market signal indicates holding the position as it falls within the range indicating no clear direction. With the news impact being neutral, it's advisable to refrain from making any immediate trading decisions. Investors are encouraged to stay vigilant and await clearer signals before taking action.""
}"
1/27/2021,['Oil above $56 as lower US stockpiles outweigh demand concerns'],['oil above $56 as lower US stockpiles outweigh demand concerns'],['Tribune'],"['LONDON:Oil rose above $56 a barrel on Wednesday after industry data showed US crude inventories fell unexpectedly, outweighing persistent concerns about demand as coronavirus cases top 100 million globally.Industry group American Petroleum Institute (API) said US crude inventories fell by 5.3 million barrels. Analysts had expected them to rise. Official inventory figures are due at 1530 GMT from the Energy Information Administration.Brent crude climbed $0.31, or 0.6%, to $56.22 a barrel by 1110 GMT. US West Texas Intermediate (WTI) crude rose $0.33, or 0.6%, to $52.94.“Demand concerns should remain with us for some time,â€ÂÂ\x9d said Eugen Weinberg of Commerzbank. “And yet the market currently appears determined to embrace the positive news instead.â€ÂÂ\x9dBrent is near an 11-month high of $57.42 reached on January 13, having recovered from a 21-year low below $16 in April due to a demand recovery particularly in China and huge supply cuts by the Organisation of the Petroleum Exporting Countries and its allies, known as OPEC+.“Oil continues consolidating,â€ÂÂ\x9d said Jeffrey Halley of brokerage Oanda. “The Saudi Arabian cuts, OPEC+ compliance above 85% and an insatiable demand from Asia mean that oil has seen its cyclical lows for 2021.â€ÂÂ\x9dIn focus later will be results of the US Federal Reserve’s two-day policy meeting. Analysts expect the central bank to stick to its dovish tone to help speed the economic recovery.Still, the number of global coronavirus cases has surpassed 100 million as infections rise in Europe and the Americas, and Asia scrambles to contain fresh outbreaks.China, the second-largest oil consumer, has recently grappled with coronavirus resurgence, but official Chinese data showed 75 new confirmed cases of Covid-19 on Wednesday, the lowest daily rise since January 11.This eased concern about a sharp drop in travel that threatened a new hit to demand over the Lunar New Year, when hundreds of millions typically make journeys.']","['LONDON oil rose above $56 a barrel on wednesday after industry data showed US crude inventories fell unexpectedly, outweighing persistent concerns about demand as coronavirus cases top 100 million globally.industry group american petroleum institute (API) said US crude inventories fell by 5.3 million barrels. analysts had expected them to rise. official inventory figures are due at 1530 GMT from the energy information Administration.Brent crude climbed $0.31, or 0.6%, to $56.22 a barrel by 1110 GMT. US west texas intermediate (WTI) crude rose $0.33, or 0.6%, to $52.94.demand concerns should remain with us for some time, said eugen weinberg of commerzbank. and yet the market currently appears determined to embrace the positive news instead.brent is near an 11-month high of $57.42 reached on january 13, having recovered from a 21-year low below $16 in april due to a demand recovery particularly in china and huge supply cuts by the organisation of the petroleum exporting countries and its allies, known as OPEC+.Oil continues consolidating, said jeffrey halley of brokerage oanda. the saudi arabian cuts, OPEC+ compliance above 85% and an insatiable demand from asia mean that oil has seen its cyclical lows for 2021.in focus later will be results of the US federal reserves two-day policy meeting. analysts expect the central bank to stick to its dovish tone to help speed the economic recovery.still, the number of global coronavirus cases has surpassed 100 million as infections rise in europe and the americas, and asia scrambles to contain fresh outbreaks.china, the second-largest oil consumer, has recently grappled with coronavirus resurgence, but official chinese data showed 75 new confirmed cases of Covid-19 on wednesday, the lowest daily rise since january 11.this eased concern about a sharp drop in travel that threatened a new hit to demand over the lunar new year, when hundreds of millions typically make journeys.']",['https://tribune.com.pk/story/2281585/oil-above-56-as-lower-us-stockpiles-outweigh-demand-concerns'],"['brent, , ']",['brent crude climbed'],['pos'],108.39,[4.35],4.35,2,-3,-3,0,"{
  ""Trading Recommendation"": ""Strong Buy"",
  ""Rationale"": ""The overall news sentiment is strongly positive, indicating a bullish outlook. Although the market signal is neutral, the positive news impact suggests a strong buy recommendation. Investors are encouraged to take advantage of the positive sentiment and consider long positions in the market.""
}"
2/2/2021,['Furnace oil sales jump over power sector demand'],['furnace oil sales jump over power sector demand'],['Dawn'],"['Irfan Khan KARACHI: Pakistan���������s total oil sales rose by 11 per cent to 11.258 million tonnes during the first seven months of FY21 owing to a massive jump in demand for furnace oil (FO), high-speed diesel (HSD) and petrol.A jump of 37pc was recorded in FO sales to 1.916m tonnes during July-January period of 2020-21 followed by 12pc and 6pc in HSD and petrol, respectively, to 4.288m tonnes and 4.740m tonnes.Syed Fawad Bashir of Topline Securities attributed rising furnace oil sales to burgeoning demand from the power sector due to gas shortage issues during winter and an overall pick-up in economic activity following improvement in the Covid-19 situation.During January, the sales of FO, HSD and petrol stood at 291,000 tonnes, 544,000 tonnes and 637,000 tonnes, up by 34pc, 14pc and 4pc, respectively, when compared with January 2019.Petroleum sales rise by 11pc in the first seven months of current fiscalPetrol sales have remained robust following rising sales of cars, LCVs and two/three According to figures of Pakistan Automotive Manufacturers Association (PAMA), car sales went up by 13.4pc followed by 134pc in jeeps, 32pc in LCVs (pick ups) and 19pc in two/three wheelers.Another reason of rising petrol sales was switching over of car and CNG rickshaw owners towards petrol due to prolong shutdown of CNG pumps in Sindh and in upcountry under a gas loadshedding programme to provide uninterrupted gas to the household consumers.In the last few months, the price of HSD and petrol continued to crawl up on account of rising crude oil prices but it did not affect sales of four-wheelers.HSD and petrol now sell at Rs116.08 and Rs111.90 per litre, respectively, compared to Rs101.43 on Rs100.69 on November 16, 2020.However, increase in HSD demand appears surprising keeping in view of declining heavy vehicle sales from July to December 2020. Truck and bus sales fell 3.2pc and 20.4pc, respectively.Petrol sales may further improve in coming months following launch of various Chinese and Korean cars, SUVs, jeeps etc in the last two months and massive imports of vehicles by the new entrants in the first half of FY21.Published in Dawn, February 2nd, 2021']","['irfan khan KARACHI pakistans total oil sales rose by 11 per cent to 11.258 million tonnes during the first seven months of FY21 owing to a massive jump in demand for furnace oil (FO), high-speed diesel (HSD) and petrol.a jump of 37pc was recorded in FO sales to 1.916m tonnes during July-January period of 2020-21 followed by 12pc and 6pc in HSD and petrol, respectively, to 4.288m tonnes and 4.740m tonnes.syed fawad bashir of topline securities attributed rising furnace oil sales to burgeoning demand from the power sector due to gas shortage issues during winter and an overall pick-up in economic activity following improvement in the Covid-19 situation.during january, the sales of FO, HSD and petrol stood at 291,000 tonnes, 544,000 tonnes and 637,000 tonnes, up by 34pc, 14pc and 4pc, respectively, when compared with january 2019.petroleum sales rise by 11pc in the first seven months of current fiscalpetrol sales have remained robust following rising sales of cars, LCVs and two/three according to figures of pakistan automotive manufacturers association (PAMA), car sales went up by 13.4pc followed by 134pc in jeeps, 32pc in LCVs (pick ups) and 19pc in two/three wheelers.another reason of rising petrol sales was switching over of car and CNG rickshaw owners towards petrol due to prolong shutdown of CNG pumps in sindh and in upcountry under a gas loadshedding programme to provide uninterrupted gas to the household consumers.in the last few months, the price of HSD and petrol continued to crawl up on account of rising crude oil prices but it did not affect sales of four-wheelers.HSD and petrol now sell at rs 116.08 and rs 111.90 per litre, respectively, compared to rs 101.43 on rs 100.69 on november 16, 2020.however, increase in HSD demand appears surprising keeping in view of declining heavy vehicle sales from july to december 2020. truck and bus sales fell 3.2pc and 20.4pc, respectively.petrol sales may further improve in coming months following launch of various chinese and korean cars, SUVs, jeeps etc in the last two months and massive imports of vehicles by the new entrants in the first half of FY21.']",['https://www.dawn.com/news/1604994/furnace-oil-sales-jump-over-power-sector-demand'],"['oil, pakistan, ']",['rising crude oil price'],['pos'],109.1,[1.78],1.78,2,3,-3,0,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""The overall news sentiment is positive, and the market signal indicates a buy opportunity. Investors are encouraged to take advantage of the positive sentiment and consider buying positions in the market.""
}"
2/4/2021,"['Oil gains on continued OPEC+ cuts and US stocks draw', 'Oil giant Shell follows rivals into huge annual loss', 'European stocks rise, oil nears $60 on buoyant sentiment', 'Oil gains on continued OPEC+ output cuts, US stocks draw']","['oil gains on continued OPEC+ cuts and US stocks draw', 'oil giant shell follows rivals into huge annual loss', 'european stocks rise, oil nears $60 on buoyant sentiment', 'oil gains on continued OPEC+ output cuts, US stocks draw']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune']","['LONDON: Oil prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and US crude stocks fell, with optimism over a new US pandemic relief bill adding further price support.Brent crude futures gained 24 cents, or 0.41%, to $58.70 a barrel by 1346 GMT, having earlier hit their highest level since Feb. 21 last year at $59.04.US West Texas Intermediate (WTI) crude futures climbed 32 cents, or 0.57%, to $56.01 after reaching its highest settlement level in a year on Wednesday at $55.69.""Supporting factors outweigh negative developments at the moment,"" said PVM Oil Associates analyst Tamas Varga, citing high compliance with OPEC+ production cuts and its declared target to accelerate stock depletion.""The extra 1 million barrel per day (bpd) Saudi cuts that started this month imply further stock draws until at least the end of the first quarter,"" Varga added.The Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, extended its oil supply pact at existing levels on Wednesday, suggesting that producers are happy the cuts are draining inventories while uncertainty remains over the outlook for a recovery in demand as the COVID-19 pandemic lingers.A document seen by Reuters on Tuesday showed that OPEC expects output cuts to keep the market in deficit throughout 2021, even though the group reduced its demand forecast.The market was further bolstered by news that Democrats in the US Congress took the first steps toward advancing President Joe Biden\'s proposed $1.9 trillion coronavirus aid plan.The number of Americans filing new applications for unemployment benefits decreased last week, suggesting that the jobs market was stabilising as authorities start to loosen pandemic-related restrictions on businesses.Also supporting prices, US crude oil stockpiles fell by 994,000 barrels last week to 475.7 million barrels, the lowest level since March, the US Energy Information Administration said on Wednesday. Analysts in a Reuters poll had forecast a rise of 446,000 barrels.', 'LONDON: Royal Dutch Shell on Thursday became the latest oil major to reveal huge annual losses as the coronavirus pandemic slashed energy demand and prices in 2020. Shell dived into a net loss of $21.7 billion (18.1 billion euros) last year as factories shut and planes were grounded.The Anglo-Dutch group\'s loss compared with a net profit of $15.8 billion in 2019, the company said in a statement.""2020 was an extraordinary year,"" said chief executive Ben van Beurden.""We have taken tough but decisive actions,"" he said, with Shell having already announced plans to axe up to 9,000 jobs, or more than 10 percent of its global workforce.Shell\'s results and large job cuts mirrors the situation elsewhere in the energy sector. British rival BP, which is cutting around 10,000 roles, reported Tuesday a 2020 net loss of $20.3 billion.US giant Exxon Mobil suffered a 2020 loss of $22.4 billion, while for Chevron it was $5.5 billion.""Recent results from other oil majors paved the way for an uncomfortable read and Shell\'s results indeed contain some ugly numbers,"" noted Richard Hunter, head of markets at Interactive Investor.""The pandemic has clearly had a severe impact on performance and the oil price in particular.""The dual effect of over-supply and crippled demand as aircraft stood idle, travel reduced to a trickle and manufacturing all but ceased during lockdown, has shown itself in these numbers,"" Hunter added.After lockdowns began to spread towards the end of last year\'s first quarter, oil prices dropped off a cliff, even briefly turning negative.Prices then rebounded sharply however -- and by Thursday the benchmark Brent North Sea oil contract was closing in on $60 per barrel.Despite economic recovery hopes being boosted by the start of vaccine rollouts, Shell said ""there continues to be significant uncertainty in the macroeconomic conditions, with an expected negative impact on demand for oil, gas and related products"".Nevertheless, Shell said it expects to increase its first-quarter dividend by four percent.Last year, it cut its dividend for the first time since 1945.The massive losses for energy companies meanwhile come as they accelerate plans to transition into greener energy, which demands big investments at a time when the oil majors are looking to make sizeable savings.""The ability of these huge companies to adapt to the prospect of having to restructure their business to a lower demand world as well as adapt to an accelerated green agenda would pose challenges for an ordinary business, let alone one that relies on fossil fuels to power its business model,"" noted Michael Hewson, chief market analyst at CMC Markets UK.', 'LONDON: European equities climbed Thursday and oil prices neared $60 per barrel, boosted by US stimulus hopes, vaccine rollouts and upbeat Italian political news, but London gains were capped before a UK interest rate call.Frankfurt and Paris stocks each won 0.4 percent nearing the half-way mark, as investors shrugged off earlier losses in Asia after turbulent trade the previous week.""European markets have continued to gain ground... with another positive start, as confidence returns after the turbulence of last week,"" commented CMC Markets UK analyst Michael Hewson.Milan rose by 0.2 percent after former European Central Bank chief Mario Draghi accepted a mandate to try and form a new Italian government to lift his country out of coronavirus-induced turmoil.""Draghi has been asked to form a government of national unity in Italy. He\'s a highly skilled operator, a consummate politician and we know he\'ll do \'whatever it takes\' to steer Italy out of its worst economic and health crisis since the war,"" said Markets.com analyst Neil Wilson.At the same time, London stocks crept higher with the Bank of England poised to maintain its key interest rate at an ultra-low level of 0.1 percent in a decision due at 1200 GMT.The British central bank could inject more stimulus cash, with the economy set to enter a double-dip recession with an anticipated virus-driven contraction in the first quarter.""We can expect little in the way of change on the monetary policy front, despite the prospect of a technical recession for the UK economy,"" Hewson noted.""With Brexit now in the rear-view mirror and the prospect that with a successful vaccine rollout we could well see a strong summer rebound, ahead of Europe, the central bank is likely to focus on that.""The BoE will also issue its latest economic forecasts -- and is expected to reveal the outcome of its feasibility study into negative rates.That could potentially pave the way for borrowing costs to fall below zero later this year.In commodities meanwhile, world oil prices continued to barrel their way closer to the key $60 dollar level, with economic recovery hopes boosted by vaccine rollouts.An upbeat global outlook pushed oil higher, with top producers sounding a note of optimism for demand this year as lockdowns are eased and activities slowly resume.After lockdowns began to spread towards the end of last year\'s first quarter, oil prices dropped off a cliff and even briefly turned negative.Prices then rebounded sharply however and this week attained levels last seen before the pandemic erupted, with Brent not too far from $60 per barrel.Elsewhere, Asian stocks fell as investors took a breather from a broad three-day rally, but upbeat economic data, US stimulus expectations and positive signs on the coronavirus and vaccine fronts still provided some support.Key figures around 1115 GMT -London - FTSE 100: UP 0.1 percent at 6,513.79 pointsFrankfurt - DAX 30: UP 0.4 percent at 13,983.30Paris - CAC 40: UP 0.4 percent at 5,584.25Milan - FTSE MIB: UP 0.2 percent at 22,582.98EURO STOXX 50: UP 0.2 percent at 3,617.39Tokyo - Nikkei 225: DOWN 1.1 percent at 28,341.95 (close)Hong Kong - Hang Seng: DOWN 0.7 percent at 29,113.50 (close)Shanghai - Composite: DOWN 0.4 percent at 3,501.86 (close)New York - Dow: UP 0.1 percent at 30,723.60 (close)Euro/dollar: DOWN at $1.1986 from $1.2036 at 2200 GMTDollar/yen: UP at 105.23 yen from 105.03 yen Pound/dollar: DOWN at $1.3587 from $1.3647Euro/pound: UP at 88.22 pence from 88.19 penceWest Texas Intermediate: UP 0.7 percent at $56.09 per barrelBrent North Sea crude: UP 0.6 percent at $58.80 per barrel', 'LONDON:Oil prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and US crude stocks fell, with optimism over a new US pandemic relief bill adding further price support.Brent crude futures gained $0.25, or 0.43%, to $58.71 a barrel by 1025 GMT, having earlier hit their highest since February 21 last year.US West Texas Intermediate (WTI) crude futures climbed $0.31, or 0.56%, to $56 a barrel after reaching its highest settlement level in a year on Wednesday.“Supporting factors outweigh negative developments at the moment,â€ÂÂ\x9d said PVM Oil Associates analyst Tamas Varga, citing high compliance with OPEC+ production cuts and its declared target to accelerate stock depletion.“The extra 1-million-barrel-per-day (bpd) Saudi cuts that started this month imply further stock draws until at least the end of first quarter,â€ÂÂ\x9d Varga added.The Organisation of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, extended its oil supply pact at existing levels on Wednesday, suggesting that producers are happy the cuts are draining inventories while uncertainty remains over the outlook for a recovery in demand as the Covid-19 pandemic lingers.A document seen by Reuters on Tuesday showed that OPEC expects output cuts to keep the market in deficit throughout 2021, even though the group reduced its demand forecast.The market was further bolstered by news that Democrats in the US Congress took the first steps towards advancing President Joe Biden’s proposed $1.9 trillion coronavirus aid plan.Also supporting prices, US crude oil stockpiles fell by 994,000 barrels last week to 475.7 million barrels, the lowest level since March, the US Energy Information Administration said on Wednesday. Analysts in a Reuters’ poll had forecast a rise of 446,000 barrels.In a separate development, the United States has filed a lawsuit to seize a cargo of oil it says came from Iran rather than Iraq, as stated on the bill of lading, contravening US terrorism regulations.']","['LONDON oil prices extended gains on thursday after the OPEC+ alliance of producers stuck to its reduced output policy and US crude stocks fell, with optimism over a new US pandemic relief bill adding further price support.brent crude futures gained 24 cents, or 0.41%, to $58.70 a barrel by 1346 GMT, having earlier hit their highest level since feb. 21 last year at $59.04.US west texas intermediate (WTI) crude futures climbed 32 cents, or 0.57%, to $56.01 after reaching its highest settlement level in a year on wednesday at $55.69.""supporting factors outweigh negative developments at the moment,"" said PVM oil associates analyst tamas varga, citing high compliance with OPEC+ production cuts and its declared target to accelerate stock depletion.""the extra 1 million barrel per day (bpd) saudi cuts that started this month imply further stock draws until at least the end of the first quarter,"" varga added.the organization of the petroleum exporting countries (OPEC) and allies, a group known as OPEC+, extended its oil supply pact at existing levels on wednesday, suggesting that producers are happy the cuts are draining inventories while uncertainty remains over the outlook for a recovery in demand as the COVID-19 pandemic lingers.a document seen by reuters on tuesday showed that OPEC expects output cuts to keep the market in deficit throughout 2021, even though the group reduced its demand forecast.the market was further bolstered by news that democrats in the US congress took the first steps toward advancing president joe biden proposed $1.9 trillion coronavirus aid plan.the number of americans filing new applications for unemployment benefits decreased last week, suggesting that the jobs market was stabilising as authorities start to loosen pandemic-related restrictions on businesses.also supporting prices, US crude oil stockpiles fell by 994,000 barrels last week to 475.7 million barrels, the lowest level since march, the US energy information administration said on wednesday. analysts in a reuters poll had forecast a rise of 446,000 barrels.', 'LONDON royal dutch shell on thursday became the latest oil major to reveal huge annual losses as the coronavirus pandemic slashed energy demand and prices in 2020. shell dived into a net loss of $21.7 billion (18.1 billion euros) last year as factories shut and planes were grounded.the Anglo-Dutch group loss compared with a net profit of $15.8 billion in 2019, the company said in a statement.""2020 was an extraordinary year,"" said chief executive ben van Beurden.""We have taken tough but decisive actions,"" he said, with shell having already announced plans to axe up to 9,000 jobs, or more than 10 percent of its global workforce.shell results and large job cuts mirrors the situation elsewhere in the energy sector. british rival BP, which is cutting around 10,000 roles, reported tuesday a 2020 net loss of $20.3 billion.US giant exxon mobil suffered a 2020 loss of $22.4 billion, while for chevron it was $5.5 billion.""recent results from other oil majors paved the way for an uncomfortable read and shell results indeed contain some ugly numbers,"" noted richard hunter, head of markets at interactive Investor.""The pandemic has clearly had a severe impact on performance and the oil price in particular.""the dual effect of over-supply and crippled demand as aircraft stood idle, travel reduced to a trickle and manufacturing all but ceased during lockdown, has shown itself in these numbers,"" hunter added.after lockdowns began to spread towards the end of last year first quarter, oil prices dropped off a cliff, even briefly turning negative.prices then rebounded sharply however and by thursday the benchmark brent north sea oil contract was closing in on $60 per barrel.despite economic recovery hopes being boosted by the start of vaccine rollouts, shell said ""there continues to be significant uncertainty in the macroeconomic conditions, with an expected negative impact on demand for oil, gas and related products"".nevertheless, shell said it expects to increase its first-quarter dividend by four percent.last year, it cut its dividend for the first time since 1945.the massive losses for energy companies meanwhile come as they accelerate plans to transition into greener energy, which demands big investments at a time when the oil majors are looking to make sizeable savings.""the ability of these huge companies to adapt to the prospect of having to restructure their business to a lower demand world as well as adapt to an accelerated green agenda would pose challenges for an ordinary business, let alone one that relies on fossil fuels to power its business model,"" noted michael hewson, chief market analyst at CMC markets UK.', 'LONDON european equities climbed thursday and oil prices neared $60 per barrel, boosted by US stimulus hopes, vaccine rollouts and upbeat italian political news, but london gains were capped before a UK interest rate call.frankfurt and paris stocks each won 0.4 percent nearing the half-way mark, as investors shrugged off earlier losses in asia after turbulent trade the previous week.""european markets have continued to gain ground. with another positive start, as confidence returns after the turbulence of last week,"" commented CMC markets UK analyst michael Hewson.Milan rose by 0.2 percent after former european central bank chief mario draghi accepted a mandate to try and form a new italian government to lift his country out of coronavirus-induced turmoil.""draghi has been asked to form a government of national unity in italy. he a highly skilled operator, a consummate politician and we know he will do \'whatever it takes\' to steer italy out of its worst economic and health crisis since the war,"" said markets.com analyst neil Wilson.At the same time, london stocks crept higher with the bank of england poised to maintain its key interest rate at an ultra-low level of 0.1 percent in a decision due at 1200 GMT.The british central bank could inject more stimulus cash, with the economy set to enter a double-dip recession with an anticipated virus-driven contraction in the first quarter.""we can expect little in the way of change on the monetary policy front, despite the prospect of a technical recession for the UK economy,"" hewson noted.""with brexit now in the rear-view mirror and the prospect that with a successful vaccine rollout we could well see a strong summer rebound, ahead of europe, the central bank is likely to focus on that.""the BoE will also issue its latest economic forecasts and is expected to reveal the outcome of its feasibility study into negative rates.that could potentially pave the way for borrowing costs to fall below zero later this year.in commodities meanwhile, world oil prices continued to barrel their way closer to the key $60 dollar level, with economic recovery hopes boosted by vaccine rollouts.an upbeat global outlook pushed oil higher, with top producers sounding a note of optimism for demand this year as lockdowns are eased and activities slowly resume.after lockdowns began to spread towards the end of last year first quarter, oil prices dropped off a cliff and even briefly turned negative.prices then rebounded sharply however and this week attained levels last seen before the pandemic erupted, with brent not too far from $60 per barrel.elsewhere, asian stocks fell as investors took a breather from a broad three-day rally, but upbeat economic data, US stimulus expectations and positive signs on the coronavirus and vaccine fronts still provided some support.key figures around 1115 GMT -London - FTSE 100 UP 0.1 percent at 6,513.79 pointsfrankfurt - DAX 30 UP 0.4 percent at 13,983.30paris - CAC 40 UP 0.4 percent at 5,584.25milan - FTSE MIB UP 0.2 percent at 22,582.98EURO STOXX 50 UP 0.2 percent at 3,617.39tokyo - nikkei 225 DOWN 1.1 percent at 28,341.95 (close)Hong kong - hang seng DOWN 0.7 percent at 29,113.50 (close)Shanghai - composite DOWN 0.4 percent at 3,501.86 (close)New york - dow UP 0.1 percent at 30,723.60 (close)Euro/dollar DOWN at $1.1986 from $1.2036 at 2200 GMTDollar/yen UP at 105.23 yen from 105.03 yen pound/dollar DOWN at $1.3587 from $1.3647euro/pound UP at 88.22 pence from 88.19 pencewest texas intermediate UP 0.7 percent at $56.09 per barrelbrent north sea crude UP 0.6 percent at $58.80 per barrel', 'LONDON oil prices extended gains on thursday after the OPEC+ alliance of producers stuck to its reduced output policy and US crude stocks fell, with optimism over a new US pandemic relief bill adding further price support.brent crude futures gained $0.25, or 0.43%, to $58.71 a barrel by 1025 GMT, having earlier hit their highest since february 21 last year.US west texas intermediate (WTI) crude futures climbed $0.31, or 0.56%, to $56 a barrel after reaching its highest settlement level in a year on Wednesday.Supporting factors outweigh negative developments at the moment, said PVM oil associates analyst tamas varga, citing high compliance with OPEC+ production cuts and its declared target to accelerate stock depletion.the extra 1-million-barrel-per-day (bpd) saudi cuts that started this month imply further stock draws until at least the end of first quarter, varga added.the organisation of the petroleum exporting countries (OPEC) and allies, a group known as OPEC+, extended its oil supply pact at existing levels on wednesday, suggesting that producers are happy the cuts are draining inventories while uncertainty remains over the outlook for a recovery in demand as the Covid-19 pandemic lingers.a document seen by reuters on tuesday showed that OPEC expects output cuts to keep the market in deficit throughout 2021, even though the group reduced its demand forecast.the market was further bolstered by news that democrats in the US congress took the first steps towards advancing president joe bidens proposed $1.9 trillion coronavirus aid plan.also supporting prices, US crude oil stockpiles fell by 994,000 barrels last week to 475.7 million barrels, the lowest level since march, the US energy information administration said on wednesday. analysts in a reuters poll had forecast a rise of 446,000 barrels.in a separate development, the united states has filed a lawsuit to seize a cargo of oil it says came from iran rather than iraq, as stated on the bill of lading, contravening US terrorism regulations.']","['https://www.brecorder.com/news/40060191/oil-gains-on-continued-opec-cuts-and-us-stocks-draw', 'https://www.brecorder.com/news/40060064/oil-giant-shell-follows-rivals-into-huge-annual-loss', 'https://www.brecorder.com/news/40060036/european-stocks-rise-oil-nears-60-on-buoyant-sentiment', 'https://tribune.com.pk/story/2282659/oil-gains-on-continued-opec-output-cuts-us-stocks-draw']","['brent, , ']","['US crude stocks fell', 'oil prices dropped', 'oil prices dropped', 'US crude stocks fell']","['neg', 'neg', 'neg', 'neg']",113.26,"[-1.04, -1.61, -1.61, -1.04]",-1.32,0,1,-3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The market signal indicates holding the position as it falls within the range indicating no clear direction. With the negative news impact, it's advisable to refrain from making any immediate trading decisions. Investors are encouraged to stay vigilant and await clearer signals before taking action.""
}"
2/5/2021,"['Oil hits highest in a year on growth hopes, OPEC+ cuts', 'Oil hits highest in a year on growth hopes, OPEC+ cuts', 'World shares near record levels as vaccines inject hope', 'TSX set for best week in 3 months despite grim jobs data', 'Oil hits highest in a year on growth hopes, OPEC+ cuts', 'Oil gains on continued OPEC+ cuts and US stocks draw']","['oil hits highest in a year on growth hopes, OPEC+ cuts', 'oil hits highest in a year on growth hopes, OPEC+ cuts', 'world shares near record levels as vaccines inject hope', 'TSX set for best week in 3 months despite grim jobs data', 'oil hits highest in a year on growth hopes, OPEC+ cuts', 'oil gains on continued OPEC+ cuts and US stocks draw']","['Tribune', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['LONDON:Oil hit its highest level in a year on Friday, closing in on $60 a barrel on economic revival hopes and supply curbs by producer group Organisation of the Petroleum Exporting Countries (OPEC) and its allies.New orders for US-made goods rose more than expected in December, pointing to continued strength in manufacturing. The US Congress is also moving ahead on President Joe Biden’s Covid-19 relief plan.Brent crude was up $0.63, or 1.1%, at $59.47 by 1200 GMT after hitting its highest since February 20 last year at $59.75. US crude was up $0.54, or 1%, at $56.77, after reaching $57.09, its highest since January 22 last year.“The conditions still remain supportive for oil markets,â€ÂÂ\x9d said Jeffrey Halley, analyst at brokerage Oanda. “Oil should find plenty of willing buyers on any material dip.â€ÂÂ\x9dBrent is on track to rise more than 6% this week. The last time it traded at $60, the pandemic had yet to take hold, economies were open and people were free to travel, meaning demand for gasoline, diesel and jet fuel was much higher.The rollout of Covid-19 vaccines, however, is fuelling hopes of lockdowns being eased, boosting fuel demand. But even demand optimists such as OPEC do not expect oil consumption to return to pre-pandemic levels until 2022.Oil also gained support from supply curbs by producers. OPEC and its allies, collectively known as OPEC+, stuck to their supply tightening policy at a meeting on Wednesday. Record OPEC+ cuts have helped to lift prices from historic lows last year.“OPEC+ discipline has been a real positive,â€ÂÂ\x9d said Michael McCarthy, chief market strategist at CMC Markets.Further boosting the market, a weekly supply report showed a drop in US crude inventories to their lowest since March, suggesting that output cuts by OPEC+ producers are having the desired effect.', 'LONDON: Oil hit its highest level in a year on Friday, closing in on $60 a barrel on economic revival hopes and supply curbs by producer group OPEC and its allies.New orders for US-made goods rose more than expected in December, pointing to continued strength in manufacturing. The US Congress is also moving ahead on President Joe Biden\'s COVID-19 relief plan.Brent crude was up 63 cents, or 1.1%, at $59.47 by 1200 GMT after hitting its highest since Feb. 20 last year at $59.75. US crude was up 54 cents, or 1%, at $56.77, after reaching $57.09, its highest since Jan. 22 last year.""The conditions still remain supportive for oil markets,"" said Jeffrey Halley, analyst at brokerage OANDA. ""Oil should find plenty of willing buyers on any material dip.""Brent is on track to rise more than 6% this week. The last time it traded at $60, the pandemic had yet to take hold, economies were open and people were free to travel, meaning demand for gasoline, diesel and jet fuel was much higher.The rollout of COVID-19 vaccines, however, is fuelling hopes of lockdowns being eased, boosting fuel demand. But even demand optimists such as OPEC do not expect oil consumption to return to pre-pandemic levels until 2022.Oil also gained support from supply curbs by producers. OPEC and its allies, collectively known as OPEC+, stuck to their supply tightening policy at a meeting on Wednesday. Record OPEC+ cuts have helped to lift prices from historic lows last year.""OPEC+ discipline has been a real positive,"" said Michael McCarthy, chief market strategist at CMC Markets.Further boosting the market, a weekly supply report showed a drop in US crude inventories to their lowest since March, suggesting that output cuts by OPEC+ producers are having the desired effect.', 'LONDON/TOKYO: Global shares approached record highs on Friday while the dollar and oil topped recent milestones, as progress in vaccine distribution and US stimulus hopes prompted bets on further normalisation in the global economy.An index of the world\'s major 50 markets, MSCI ACWI , rose 0.21% to 668.1, coming within reach of a record high of 670.82 touched about two weeks ago. It was the fifth consecutive day of gains.Oil hit its highest level in a year, above $59 a barrel, supported by hopes of a quicker economic revival and supply curbs by OPEC and its allies.The STOXX index of Europe\'s 600 largest stocks was up 0.3% at 410.8, though slower vaccination rollouts in continental Europe and disappointing industrial data from Germany tempered optimism.US President Joe Biden\'s drive to enact a $1.9 trillion coronavirus aid bill gained momentum early on Friday as the US Senate narrowly approved a budget blueprint allowing Democrats to push the legislation through Congress in coming weeks, with or without Republican support.Better-than-expected data on US job markets released in the past two days fanned further hopes of a strong payroll report at 1330 GMT.""Following from a positive US trading session on Thursday supported by decent earnings numbers, it looks as though Democrats will go on their own on stimulus and not try to compromise with Republicans, so you might get something closer to the $1.9 trillion rather than a compromise,"" said Philip Shaw, chief economist at Investec in London.Longer-term US Treasury yields rose in anticipation of the large pandemic relief bill from Washington as well as on rising inflation expectations.The benchmark 10-year yield stood at 1.130%, having risen to a three-week high of 1.162% the previous day. The 30-year bond yielded 1.922%, near its 10-1/2-month high of 1.951% touched on Thursday.Bond yields rose in Europe as well, with Germany\'s 30-year government bond yield climbing back into positive territory for the first time since September.Germany\'s DAX index was flat after data showed orders for German-made goods fell more than expected in December.MSCI\'s gauge of Asian shares outside Japan rose 0.4% while Japan\'s Nikkei rallied 1.5%.A market gauge of future US inflation was at its highest since October 2018. A similar gauge for the euro zone hit its highest since May 2019.While it was a strong day for conventional assets, the leading names in the recent US retail-share trading fad fared worse.The ""Reddit rally"" stocks GameStop and AMC Entertainment plunged further after two weeks of wild swings fuelled by the WallStreetBets Reddit forum.Deep-pocketed investors instead last week pumped a record $4.2 billion into big technology stocks, BofA\'s flow data showed, taking advantage of the slight pullback on Wall Street while retail traders ploughed into the Reddit favourites.DOLLAR SMILEThe dollar headed for its best weekly gain in three months, confounding dollar bears and tracing a trading pattern known as the ""Dollar Smile"", which in previous years has preceded major US economic rebounds and currency surges.The US dollar index stood near a two-month high, having risen 1.1% so far this week, on course for its biggest weekly increase since late October.""It seems markets are now trying to trade on economic normalisation based on progress in vaccination,"" said Arihiro Nagata, general manager of global investment at Sumitomo Mitsui Bank.""The fact that the only currencies that are doing better than the dollar over the past two days are the British pound and the Israeli shekel, the two countries that are going further ahead in vaccination, seems to support that.""The British pound stood at $1.3696, not far from a two-and-a-half-year peak of $1.3759 hit late last month.The shekel has risen over the past two days, reversing its decline since mid-January after the Bank of Israel intervened to stem its rise.Gold edged up 0.7% to over $1,805 per ounce, but was still set for its worst weekly dip in four after hitting a two-month low of $1,785.10 on Thursday. Oil prices extended gains on the upbeat economic mood, falling inventories and a decision by OPEC+ to stick to its output cuts.Brent crude was up 60 cents, or 1%, to $59.44 by 1130 GMT, after hitting $59.67, its highest since Feb. 20, 2020. US crude was up 57 cents, or 1%, to $56.76, after reaching $56.95, its highest since Jan. 22, 2020.', ""Canada's main stock index hit a record high on Friday, supported by energy stocks and was set to clock its best week since November, offsetting concerns about worse-than-expected domestic jobs data for January.Oil hit its highest in a year, closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its allies.The energy sector climbed 0.9% as US crude prices were up 1.8% a barrel, while Brent crude added 1.6%.At 9:41 a.m. ET (1441 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 74.29 points, or 0.41%, at 18,116.26.Canada lost far more jobs than expected in January, with the declines driven by the service sector's positions in populous Ontario and Quebec, while the unemployment rate rose sharply to 9.4%, Statistics Canada data showed.The financials sector gained 0.4%, while industrials rose 0.5%.The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.5% as gold futures rose 0.6% to $1,799.6 an ounce.On the TSX, 146 issues were higher, while 57 issues declined for a 2.56-to-1 ratio favouring gainers, with 22.04 million shares traded.The largest percentage gainers on the TSX were Eldorado Gold Corp, which jumped 7.3% after signing a revised contract with Greece to govern further development, construction and operation of its Kassandra Mines.Interfor Corporation, which rose 4.6% after reporting strong fourth-quarter results.Canopy Growth Corp fell 2.7%, the most on the TSX. The second-biggest decliner was Intertape Polymer Group Inc , down 2.5%.The most heavily traded shares by volume were Supreme Cannabis Co, Enbridge Inc and Athabasca Oil Corp.The TSX posted six new 52-week highs and no new lows.Across all Canadian issues, there were 104 new 52-week highs and five new lows, with total volume of 51.88 million shares."", 'LONDON: Oil hit its highest in a year on Friday, closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its allies.New orders for US-made goods rose more than expected in December, pointing to continued strength in manufacturing. President Joe Biden\'s drive to enact a $1.9 trillion coronavirus aid bill also gained momentum on Friday.Brent crude was up 85 cents, or 1.4%, at $59.69 by 1438 GMT after hitting its highest since Feb. 20 last year at $59.79. US crude was up $1.02, or 1.8%, at $57.25, after reaching $57.28, its highest since Jan. 22 last year.""The conditions still remain supportive for oil markets,"" said Jeffrey Halley, an analyst at brokerage OANDA. ""Oil should find plenty of willing buyers on any material dip.""Brent is on track to rise more than 6% this week. The last time it traded at $60 a barrel, the pandemic had yet to take hold, economies were open and people were free to travel, meaning demand for gasoline, diesel and jet fuel was much higher.The rollout of COVID-19 vaccines, however, is fuelling hopes of lockdowns being eased, boosting fuel demand. But even demand optimists such as OPEC do not expect oil consumption to return to pre-pandemic levels until 2022.Oil also gained support from supply curbs by producers. OPEC and its allies, collectively known as OPEC+, stuck to their supply tightening policy at a meeting on Wednesday. Record OPEC+ cuts have helped to lift prices from historic lows last year.""OPEC+ discipline has been a real positive,"" said Michael McCarthy, chief market strategist at CMC Markets.Further boosting the market, a weekly supply report showed a drop in US crude inventories to their lowest since March, suggesting that output cuts by OPEC+ producers are having the desired effect.', 'LONDON: Oil prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and US crude stocks fell, with optimism over a new US pandemic relief bill adding further price support.Brent crude futures gained 24 cents, or 0.41%, to $58.70 a barrel by 1346 GMT, having earlier hit their highest level since Feb. 21 last year at $59.04.US West Texas Intermediate (WTI) crude futures climbed 32 cents, or 0.57%, to $56.01 after reaching its highest settlement level in a year on Wednesday at $55.69.""Supporting factors outweigh negative developments at the moment,"" said PVM Oil Associates analyst Tamas Varga, citing high compliance with OPEC+ production cuts and its declared target to accelerate stock depletion.The Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, extended its oil supply pact at existing levels on Wednesday, suggesting that producers are happy the cuts are draining inventories while uncertainty remains over the outlook for a recovery in demand as the COVID-19 pandemic lingers.A document seen by Reuters on Tuesday showed that OPEC expects output cuts to keep the market in deficit throughout 2021, even though the group reduced its demand forecast.The market was further bolstered by news that Democrats in the US Congress took the first steps toward advancing President Joe Biden\'s proposed $1.9 trillion coronavirus aid plan.The number of Americans filing new applications for unemployment benefits decreased last week, suggesting that the jobs market was stabilising as authorities start to loosen pandemic-related restrictions on businesses.Also supporting prices, US crude oil stockpiles fell by 994,000 barrels last week to 475.7 million barrels, the lowest level since March, the US Energy Information Administration said on Wednesday. Analysts in a Reuters poll had forecast a rise of 446,000 barrels.']","['LONDON oil hit its highest level in a year on friday, closing in on $60 a barrel on economic revival hopes and supply curbs by producer group organisation of the petroleum exporting countries (OPEC) and its allies.new orders for US-made goods rose more than expected in december, pointing to continued strength in manufacturing. the US congress is also moving ahead on president joe bidens Covid-19 relief plan.brent crude was up $0.63, or 1.1%, at $59.47 by 1200 GMT after hitting its highest since february 20 last year at $59.75. US crude was up $0.54, or 1%, at $56.77, after reaching $57.09, its highest since january 22 last year.the conditions still remain supportive for oil markets, said jeffrey halley, analyst at brokerage oanda. oil should find plenty of willing buyers on any material dip.brent is on track to rise more than 6% this week. the last time it traded at $60, the pandemic had yet to take hold, economies were open and people were free to travel, meaning demand for gasoline, diesel and jet fuel was much higher.the rollout of Covid-19 vaccines, however, is fuelling hopes of lockdowns being eased, boosting fuel demand. but even demand optimists such as OPEC do not expect oil consumption to return to pre-pandemic levels until 2022.oil also gained support from supply curbs by producers. OPEC and its allies, collectively known as OPEC+, stuck to their supply tightening policy at a meeting on wednesday. record OPEC+ cuts have helped to lift prices from historic lows last year.OPEC+ discipline has been a real positive, said michael McCarthy, chief market strategist at CMC Markets.Further boosting the market, a weekly supply report showed a drop in US crude inventories to their lowest since march, suggesting that output cuts by OPEC+ producers are having the desired effect.', 'LONDON oil hit its highest level in a year on friday, closing in on $60 a barrel on economic revival hopes and supply curbs by producer group OPEC and its allies.new orders for US-made goods rose more than expected in december, pointing to continued strength in manufacturing. the US congress is also moving ahead on president joe biden COVID-19 relief plan.brent crude was up 63 cents, or 1.1%, at $59.47 by 1200 GMT after hitting its highest since feb. 20 last year at $59.75. US crude was up 54 cents, or 1%, at $56.77, after reaching $57.09, its highest since jan. 22 last year.""the conditions still remain supportive for oil markets,"" said jeffrey halley, analyst at brokerage OANDA. ""oil should find plenty of willing buyers on any material dip.""brent is on track to rise more than 6% this week. the last time it traded at $60, the pandemic had yet to take hold, economies were open and people were free to travel, meaning demand for gasoline, diesel and jet fuel was much higher.the rollout of COVID-19 vaccines, however, is fuelling hopes of lockdowns being eased, boosting fuel demand. but even demand optimists such as OPEC do not expect oil consumption to return to pre-pandemic levels until 2022.oil also gained support from supply curbs by producers. OPEC and its allies, collectively known as OPEC+, stuck to their supply tightening policy at a meeting on wednesday. record OPEC+ cuts have helped to lift prices from historic lows last year.""OPEC+ discipline has been a real positive,"" said michael McCarthy, chief market strategist at CMC Markets.Further boosting the market, a weekly supply report showed a drop in US crude inventories to their lowest since march, suggesting that output cuts by OPEC+ producers are having the desired effect.', 'LONDON/TOKYO global shares approached record highs on friday while the dollar and oil topped recent milestones, as progress in vaccine distribution and US stimulus hopes prompted bets on further normalisation in the global economy.an index of the world major 50 markets, MSCI ACWI , rose 0.21% to 668.1, coming within reach of a record high of 670.82 touched about two weeks ago. it was the fifth consecutive day of gains.oil hit its highest level in a year, above $59 a barrel, supported by hopes of a quicker economic revival and supply curbs by OPEC and its allies.the STOXX index of europe 600 largest stocks was up 0.3% at 410.8, though slower vaccination rollouts in continental europe and disappointing industrial data from germany tempered optimism.US president joe biden drive to enact a $1.9 trillion coronavirus aid bill gained momentum early on friday as the US senate narrowly approved a budget blueprint allowing democrats to push the legislation through congress in coming weeks, with or without republican support.Better-than-expected data on US job markets released in the past two days fanned further hopes of a strong payroll report at 1330 GMT.""Following from a positive US trading session on thursday supported by decent earnings numbers, it looks as though democrats will go on their own on stimulus and not try to compromise with republicans, so you might get something closer to the $1.9 trillion rather than a compromise,"" said philip shaw, chief economist at investec in London.Longer-term US treasury yields rose in anticipation of the large pandemic relief bill from washington as well as on rising inflation expectations.the benchmark 10-year yield stood at 1.130%, having risen to a three-week high of 1.162% the previous day. the 30-year bond yielded 1.922%, near its 10-1/2-month high of 1.951% touched on Thursday.Bond yields rose in europe as well, with germany 30-year government bond yield climbing back into positive territory for the first time since September.Germany DAX index was flat after data showed orders for German-made goods fell more than expected in December.MSCI gauge of asian shares outside japan rose 0.4% while japan nikkei rallied 1.5%.A market gauge of future US inflation was at its highest since october 2018. A similar gauge for the euro zone hit its highest since may 2019.while it was a strong day for conventional assets, the leading names in the recent US retail-share trading fad fared worse.the ""reddit rally"" stocks GameStop and AMC entertainment plunged further after two weeks of wild swings fuelled by the WallStreetBets reddit forum.Deep-pocketed investors instead last week pumped a record $4.2 billion into big technology stocks, BofA flow data showed, taking advantage of the slight pullback on wall street while retail traders ploughed into the reddit favourites.DOLLAR SMILEThe dollar headed for its best weekly gain in three months, confounding dollar bears and tracing a trading pattern known as the ""dollar smile"", which in previous years has preceded major US economic rebounds and currency surges.the US dollar index stood near a two-month high, having risen 1.1% so far this week, on course for its biggest weekly increase since late October.""It seems markets are now trying to trade on economic normalisation based on progress in vaccination,"" said arihiro nagata, general manager of global investment at sumitomo mitsui Bank.""The fact that the only currencies that are doing better than the dollar over the past two days are the british pound and the israeli shekel, the two countries that are going further ahead in vaccination, seems to support that.""the british pound stood at $1.3696, not far from a two-and-a-half-year peak of $1.3759 hit late last month.the shekel has risen over the past two days, reversing its decline since mid-January after the bank of israel intervened to stem its rise.gold edged up 0.7% to over $1,805 per ounce, but was still set for its worst weekly dip in four after hitting a two-month low of $1,785.10 on thursday. oil prices extended gains on the upbeat economic mood, falling inventories and a decision by OPEC+ to stick to its output cuts.brent crude was up 60 cents, or 1%, to $59.44 by 1130 GMT, after hitting $59.67, its highest since feb. 20, 2020. US crude was up 57 cents, or 1%, to $56.76, after reaching $56.95, its highest since jan. 22, 2020.', 'canada main stock index hit a record high on friday, supported by energy stocks and was set to clock its best week since november, offsetting concerns about worse-than-expected domestic jobs data for January.Oil hit its highest in a year, closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its allies.the energy sector climbed 0.9% as US crude prices were up 1.8% a barrel, while brent crude added 1.6%.at 9 41 a.m. ET (1441 GMT), the toronto stock exchange S&P/TSX composite index was up 74.29 points, or 0.41%, at 18,116.26.canada lost far more jobs than expected in january, with the declines driven by the service sector positions in populous ontario and quebec, while the unemployment rate rose sharply to 9.4%, statistics canada data showed.the financials sector gained 0.4%, while industrials rose 0.5%.the materials sector, which includes precious and base metals miners and fertilizer companies, added 0.5% as gold futures rose 0.6% to $1,799.6 an ounce.on the TSX, 146 issues were higher, while 57 issues declined for a 2.56-to-1 ratio favouring gainers, with 22.04 million shares traded.the largest percentage gainers on the TSX were eldorado gold corp, which jumped 7.3% after signing a revised contract with greece to govern further development, construction and operation of its kassandra Mines.Interfor corporation, which rose 4.6% after reporting strong fourth-quarter results.canopy growth corp fell 2.7%, the most on the TSX. the second-biggest decliner was intertape polymer group inc , down 2.5%.the most heavily traded shares by volume were supreme cannabis co, enbridge inc and athabasca oil Corp.The TSX posted six new 52-week highs and no new lows.across all canadian issues, there were 104 new 52-week highs and five new lows, with total volume of 51.88 million shares.', 'LONDON oil hit its highest in a year on friday, closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its allies.new orders for US-made goods rose more than expected in december, pointing to continued strength in manufacturing. president joe biden drive to enact a $1.9 trillion coronavirus aid bill also gained momentum on Friday.Brent crude was up 85 cents, or 1.4%, at $59.69 by 1438 GMT after hitting its highest since feb. 20 last year at $59.79. US crude was up $1.02, or 1.8%, at $57.25, after reaching $57.28, its highest since jan. 22 last year.""the conditions still remain supportive for oil markets,"" said jeffrey halley, an analyst at brokerage OANDA. ""oil should find plenty of willing buyers on any material dip.""brent is on track to rise more than 6% this week. the last time it traded at $60 a barrel, the pandemic had yet to take hold, economies were open and people were free to travel, meaning demand for gasoline, diesel and jet fuel was much higher.the rollout of COVID-19 vaccines, however, is fuelling hopes of lockdowns being eased, boosting fuel demand. but even demand optimists such as OPEC do not expect oil consumption to return to pre-pandemic levels until 2022.oil also gained support from supply curbs by producers. OPEC and its allies, collectively known as OPEC+, stuck to their supply tightening policy at a meeting on wednesday. record OPEC+ cuts have helped to lift prices from historic lows last year.""OPEC+ discipline has been a real positive,"" said michael McCarthy, chief market strategist at CMC Markets.Further boosting the market, a weekly supply report showed a drop in US crude inventories to their lowest since march, suggesting that output cuts by OPEC+ producers are having the desired effect.', 'LONDON oil prices extended gains on thursday after the OPEC+ alliance of producers stuck to its reduced output policy and US crude stocks fell, with optimism over a new US pandemic relief bill adding further price support.brent crude futures gained 24 cents, or 0.41%, to $58.70 a barrel by 1346 GMT, having earlier hit their highest level since feb. 21 last year at $59.04.US west texas intermediate (WTI) crude futures climbed 32 cents, or 0.57%, to $56.01 after reaching its highest settlement level in a year on wednesday at $55.69.""supporting factors outweigh negative developments at the moment,"" said PVM oil associates analyst tamas varga, citing high compliance with OPEC+ production cuts and its declared target to accelerate stock depletion.the organization of the petroleum exporting countries (OPEC) and allies, a group known as OPEC+, extended its oil supply pact at existing levels on wednesday, suggesting that producers are happy the cuts are draining inventories while uncertainty remains over the outlook for a recovery in demand as the COVID-19 pandemic lingers.a document seen by reuters on tuesday showed that OPEC expects output cuts to keep the market in deficit throughout 2021, even though the group reduced its demand forecast.the market was further bolstered by news that democrats in the US congress took the first steps toward advancing president joe biden proposed $1.9 trillion coronavirus aid plan.the number of americans filing new applications for unemployment benefits decreased last week, suggesting that the jobs market was stabilising as authorities start to loosen pandemic-related restrictions on businesses.also supporting prices, US crude oil stockpiles fell by 994,000 barrels last week to 475.7 million barrels, the lowest level since march, the US energy information administration said on wednesday. analysts in a reuters poll had forecast a rise of 446,000 barrels.']","['https://tribune.com.pk/story/2282791/oil-hits-highest-in-a-year-on-growth-hopes-opec-cuts', 'https://www.brecorder.com/news/40060532/oil-hits-highest-in-a-year-on-growth-hopes-opec-cuts', 'https://www.brecorder.com/news/40060537/world-shares-near-record-levels-as-vaccines-inject-hope', 'https://www.brecorder.com/news/40060588/tsx-set-for-best-week-in-3-months-despite-grim-jobs-data', 'https://www.brecorder.com/news/40060595/oil-hits-highest-in-a-year-on-growth-hopes-opec-cuts', 'https://www.brecorder.com/news/40060375/oil-gains-on-continued-opec-cuts-and-us-stocks-draw']","['brent, , ']","['oil hit its highest', 'oil hit its highest', 'oil hit its highest', 'oil hit its highest', 'oil hit its highest', 'US crude stocks fell']","['pos', 'pos', 'pos', 'pos', 'pos', 'neg']",113.26,"[3.11, 3.11, 3.11, 3.11, 3.11, -1.04]",2.42,0,1,-3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The market signal indicates holding the position as it falls within the range indicating no clear direction. With the positive news impact, it's advisable to refrain from making any immediate trading decisions. Investors are encouraged to stay vigilant and await clearer signals before taking action.""
}"
2/8/2021,['Brent oil hits year-high above $60'],['brent oil hits year-high above $60'],['Business Recorder'],"['LONDON: The benchmark oil contract Brent North Sea rose above $60 per barrel Monday to hit the highest level since the coronavirus pandemic began to spread globally almost a year ago.Oil prices have recovered owing to OPEC and its allies cutting production after the coronavirus pandemic slashed demand, according to analysts.""It is worth reminding oneself that OPEC+ is the single most important reason for why the oil price reached $60"" on Monday, noted Bjarne Schieldrop, chief commodities analyst at SEB Research. ""It is because of large cuts by OPEC+... since May,"" he added.Crude and other assets are winning support also from the prospect of a $1.9-trillion US stimulus package. European and Asian stock markets also climbed Monday, while the dollar rose against its main rivals.Adding to the upbeat mood is data showing new Covid infection rates, with last week seeing the lowest level since October, while governments begin to get to grips with inoculation programmes. Brent crude hit $60.27 per barrel on Monday, the first time it has exceeded $60 since February 2020.After lockdowns began to spread in March, oil prices dropped off a cliff, with US oil contract WTI even briefly turning negative.And despite production cuts, oil supplies remain high.""Global oil demand is still hurt badly by the global pandemic,"" added Schieldrop.Recovery in part relies on US lawmakers approving President Joe Biden\'s huge stimulus package that should help the jobs market.Figures last week showed the US economy created less than half the number of jobs expected last month, which analysts said reinforced the need for a new, big spending bill.Treasury Secretary Janet Yellen on Sunday warned that the US job market was ""stalling"" and might not recover for years without support.But she told CNN that if the spending package was passed, ""we would get back to full employment next year"".Despite the weak jobs reading, all three main indices on Wall Street ended on a positive note Friday, with the Nasdaq and S&P 500 clocking up new records.""Markets are continuing last week\'s bullish momentum, with Friday\'s jobs report providing a fresh reminder of the need to push a major stimulus package across the line,"" said Joshua Mahony, senior market analyst at IG trading group.Key figures around 1115 GMT -Brent North Sea crude: UP 1.3 percent at $60.13 per barrelWest Texas Intermediate: UP 1.3 percent at $57.56 per barrelLondon - FTSE 100: UP 0.9 percent at 6,544.33 pointsFrankfurt - DAX 30: UP 0.2 percent at 14,083.13Paris - CAC 40: UP 0.6 percent at 5,693.03EURO STOXX 50: UP 0.4 percent at 3,669.40Tokyo - Nikkei 225: UP 2.1 percent at 29,388.50 (close)Hong Kong - Hang Seng: UP 0.1 percent at 29,319.47 (close)Shanghai - Composite: UP 1.0 percent at 3,532.45 (close)New York - Dow: UP 0.3 percent at 31,148.24 (close)Euro/dollar: DOWN at $1.1988 from $1.2048 at 2200 GMT on FridayDollar/yen: UP at 105.67 yen from 105.38 yen Pound/dollar: DOWN at $1.3693 from $1.3735Euro/pound: DOWN at 87.54 pence from 87.71 pence']","['LONDON the benchmark oil contract brent north sea rose above $60 per barrel monday to hit the highest level since the coronavirus pandemic began to spread globally almost a year ago.oil prices have recovered owing to OPEC and its allies cutting production after the coronavirus pandemic slashed demand, according to analysts.""it is worth reminding oneself that OPEC+ is the single most important reason for why the oil price reached $60"" on monday, noted bjarne schieldrop, chief commodities analyst at SEB research. ""it is because of large cuts by OPEC+. since may,"" he added.crude and other assets are winning support also from the prospect of a $1.9-trillion US stimulus package. european and asian stock markets also climbed monday, while the dollar rose against its main rivals.adding to the upbeat mood is data showing new covid infection rates, with last week seeing the lowest level since october, while governments begin to get to grips with inoculation programmes. brent crude hit $60.27 per barrel on monday, the first time it has exceeded $60 since february 2020.after lockdowns began to spread in march, oil prices dropped off a cliff, with US oil contract WTI even briefly turning negative.and despite production cuts, oil supplies remain high.""global oil demand is still hurt badly by the global pandemic,"" added Schieldrop.Recovery in part relies on US lawmakers approving president joe biden huge stimulus package that should help the jobs market.figures last week showed the US economy created less than half the number of jobs expected last month, which analysts said reinforced the need for a new, big spending bill.treasury secretary janet yellen on sunday warned that the US job market was ""stalling"" and might not recover for years without support.but she told CNN that if the spending package was passed, ""we would get back to full employment next year"".despite the weak jobs reading, all three main indices on wall street ended on a positive note friday, with the nasdaq and S&P 500 clocking up new records.""markets are continuing last week bullish momentum, with friday jobs report providing a fresh reminder of the need to push a major stimulus package across the line,"" said joshua mahony, senior market analyst at IG trading group.key figures around 1115 GMT -Brent north sea crude UP 1.3 percent at $60.13 per barrelwest texas intermediate UP 1.3 percent at $57.56 per barrellondon - FTSE 100 UP 0.9 percent at 6,544.33 pointsfrankfurt - DAX 30 UP 0.2 percent at 14,083.13paris - CAC 40 UP 0.6 percent at 5,693.03EURO STOXX 50 UP 0.4 percent at 3,669.40tokyo - nikkei 225 UP 2.1 percent at 29,388.50 (close)Hong kong - hang seng UP 0.1 percent at 29,319.47 (close)Shanghai - composite UP 1.0 percent at 3,532.45 (close)New york - dow UP 0.3 percent at 31,148.24 (close)Euro/dollar DOWN at $1.1988 from $1.2048 at 2200 GMT on FridayDollar/yen UP at 105.67 yen from 105.38 yen pound/dollar DOWN at $1.3693 from $1.3735euro/pound DOWN at 87.54 pence from 87.71 pence']",['https://www.brecorder.com/news/40061326/brent-oil-hits-year-high-above-60'],"['brent, , ']",['oil prices dropped'],['neg'],113.82,[-1.61],-1.61,0,2,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""The market signals are conflicting, with a positive market signal but negative news impact. It's advisable to refrain from taking any immediate trading actions and maintain a neutral stance until a clearer signal emerges.""
}"
2/11/2021,"['Russian rouble nears three-week high versus dollar', 'Russian rouble climbs to three-week high versus dollar', 'Oil drops after strong rally as new COVID-19 variants weigh', 'Oil drops after strong rally as new Covid-19 variants weigh']","['russian rouble nears three-week high versus dollar', 'russian rouble climbs to three-week high versus dollar', 'oil drops after strong rally as new COVID-19 variants weigh', 'oil drops after strong rally as new Covid-19 variants weigh']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune']","['MOSCOW: The Russian rouble firmed towards a three-week high against the dollar on Thursday, pricing in a recent recovery in oil prices above $60 per barrel and Russia-specific risks of new possible sanctions.At 0735 GMT, the rouble was 0.3% stronger against the dollar at 73.75, inching down towards the 73.6150 it hit on Wednesday that was its strongest point since Jan. 21.Versus the euro, the rouble added 0.2% to 89.43. External factors will steer the rouble on Thursday as there are no important events planned domestically, said Dmitry Polevoy, head of investment at Locko Invest.The rouble is likely to stabilise at around 73.80 against the greenback with some attempts to firm further, Polevoy added.Any gains in the rouble are likely to be capped by the ongoing tensions between Moscow and the West. The European Union\'s top diplomat warned Russia it could face new sanctions over the jailing of Kremlin critic Alexei Navalny, describing the government of President Vladimir Putin as ""merciless"", authoritarian and afraid of democracy.Brent crude oil, a global benchmark for Russia\'s main export, was down 0.6% at $61.10 a barrel after hitting $61.69 on Wednesday, its highest since late January 2020.Russian stock indexes were mixed. The dollar-denominated RTS index was up 0.1% to 1,450.3 points. The rouble-based MOEX Russian index shed 0.2% to 3,394.0 points.The Russian stock market looks ""rather vulnerable"" but the stabilisation in the external backdrop and Brent crude above $61 per barrel lower the risk of a decline, Evgeny Loktyukhov, head of research at Promsvyazbank.', 'MOSCOW: The Russian rouble rose to a three-week high against the dollar on Thursday, pricing in a recent recovery in oil prices above $60 per barrel, though tensions with the West over the jailing of Kremlin critic Alexei Navalny could limit gains.The rouble climbed 0.4% to 73.63 against the dollar , having briefly touched 73.5225, its strongest mark since Jan. 21.""We think the rouble might test 73.50 today but, given the lack of catalysts, it may well drift back down to the 73.80 level by the close,"" Sberbank CIB said in a note.Versus the euro, the rouble added 0.3% to 89.36 .Any gains in the rouble could, however, be capped by the tensions between Moscow and the West. The European Union\'s top diplomat warned Russia it could face new sanctions over the jailing of Navalny, describing the government of President Vladimir Putin as merciless and authoritarian.Brent crude oil, a global benchmark for Russia\'s main export, was down 0.2% at $61.35 a barrel after hitting $61.69 on Wednesday, its highest since late January 2020.Russian stock indexes were up. The dollar-denominated RTS index rose 0.6% to 1,457.2 points. The rouble-based MOEX Russian index added 0.2% to 3,406.0 points.The Russian stock market looks ""rather vulnerable"" but the stabilisation in the external backdrop and Brent crude above $61 per barrel lower the risk of a decline, said Evgeny Loktyukhov, head of research at Promsvyazbank.', 'LONDON: Oil prices fell on Thursday, paring recent gains, as renewed lockdowns and the emergence of new coronavirus variants weighed on the prospects for a swift demand recovery.Brent crude fell 52 cents, or 0.9%, to $60.95 a barrel by 1122 GMT and US West Texas Intermediate crude lost 48 cents, or 0.8%, to $58.20.The Brent benchmark had risen in the previous nine sessions, its longest sustained period of gains since January 2019. Wednesday had marked the eighth daily gain for US crude.""The rally that has been on \'til yesterday\'s close may take some time to be repeated as finally the reality is being priced in, namely the slow pace of the oil demand recovery,"" said Rystad Energy\'s head of oil markets, Bjornar Tonhaugen.The International Energy Agency (IEA) on Thursday said that global oil supply is still outstripping demand because of COVID-19 lockdowns and the spread of virus variants.""The forecasts for economic and oil demand growth are highly dependent on progress in distributing and administering vaccines, and the easing of travel restrictions in the world\'s major economies,"" the IEA said.The market has been driven higher recently as the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, reduced output and Saudi Arabia pledged additional voluntary cuts.But the IEA said that a rapid stock draw expected in the second half of the year could set the stage for OPEC+ to start unwinding its cuts.Further price pressure came from the end of a blockade by Libya\'s Petroleum Facilities Guards at the port of Hariga. The stoppage at Hariga began last month and contributed to a decline in Libyan oil output.Argentina\'s oil output also started to rise, pressuring prices.However, US crude stockpiles fell last week for a third straight week, dropping by 6.6 million barrels to 469 million barrels, the lowest level since March, the Energy Information Administration said. Analysts in a Reuters poll had forecast an increase of 985,000 barrels.Yet the continuous struggle caused by the emerging variants of the virus and doubts about the efficacy of vaccines continues to dampen sentiment.A UK scientist said the coronavirus variant found in the British county of Kent is likely ""to sweep the world"" and could undermine the protection given by vaccines.', 'LONDON:Oil prices fell on Thursday, paring recent gains, as renewed lockdowns and the emergence of new coronavirus variants weighed on prospects for a swift demand recovery.Brent crude fell $0.52, or 0.9%, to $60.95 a barrel by 1122 GMT and US West Texas Intermediate crude lost $0.48, or 0.8%, to $58.20.The Brent benchmark had risen in the previous nine sessions, its longest sustained period of gains since January 2019. Wednesday had marked the eighth daily gain for the US crude. “The rally that has been on until Wednesday’s close may take some time to be repeated as finally the reality is being priced in, namely the slow pace of oil demand recovery,â€ÂÂ\x9d said Rystad Energy Head of Oil Markets Bjornar Tonhaugen.The International Energy Agency (IEA) on Thursday said that global oil supply is still outstripping demand because of Covid-19 lockdowns and the spread of virus variants. “The forecasts for economic and oil demand growth are highly dependent on progress in distributing and administering vaccines, and the easing of travel restrictions in the world’s major economies,â€ÂÂ\x9d the IEA said.The market has been driven higher recently as the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, reduced output and Saudi Arabia pledged additional voluntary cuts.But the IEA said that a rapid stock draw expected in the second half of the year could set the stage for OPEC+ to start unwinding its cuts.Further price pressure came from the end of a blockade by Libya’s Petroleum Facilities Guards at the port of Hariga. The stoppage at Hariga began last month and contributed to a decline in Libyan oil output.Argentina’s oil output also started to rise, pressuring prices.However, US crude stockpiles fell last week for a third straight week, dropping by 6.6 million barrels to 469 million barrels, the lowest level since March, the Energy Information Administration said. Analysts in a Reuters’ poll had forecast an increase of 985,000 barrels.Yet the continuous struggle caused by the emerging variants of the virus and doubts about the efficacy of vaccines continue to dampen sentiment.A UK scientist said the coronavirus variant found in the British county of Kent is likely “to sweep the worldâ€ÂÂ\x9d and could undermine the protection given by vaccines.']","['MOSCOW the russian rouble firmed towards a three-week high against the dollar on thursday, pricing in a recent recovery in oil prices above $60 per barrel and Russia-specific risks of new possible sanctions.at 0735 GMT, the rouble was 0.3% stronger against the dollar at 73.75, inching down towards the 73.6150 it hit on wednesday that was its strongest point since jan. 21.versus the euro, the rouble added 0.2% to 89.43. external factors will steer the rouble on thursday as there are no important events planned domestically, said dmitry polevoy, head of investment at locko Invest.The rouble is likely to stabilise at around 73.80 against the greenback with some attempts to firm further, polevoy added.any gains in the rouble are likely to be capped by the ongoing tensions between moscow and the west. the european union top diplomat warned russia it could face new sanctions over the jailing of kremlin critic alexei navalny, describing the government of president vladimir putin as ""merciless"", authoritarian and afraid of democracy.brent crude oil, a global benchmark for russia main export, was down 0.6% at $61.10 a barrel after hitting $61.69 on wednesday, its highest since late january 2020.russian stock indexes were mixed. the dollar-denominated RTS index was up 0.1% to 1,450.3 points. the rouble-based MOEX russian index shed 0.2% to 3,394.0 points.the russian stock market looks ""rather vulnerable"" but the stabilisation in the external backdrop and brent crude above $61 per barrel lower the risk of a decline, evgeny loktyukhov, head of research at promsvyazbank.', 'MOSCOW the russian rouble rose to a three-week high against the dollar on thursday, pricing in a recent recovery in oil prices above $60 per barrel, though tensions with the west over the jailing of kremlin critic alexei navalny could limit gains.the rouble climbed 0.4% to 73.63 against the dollar , having briefly touched 73.5225, its strongest mark since jan. 21.""we think the rouble might test 73.50 today but, given the lack of catalysts, it may well drift back down to the 73.80 level by the close,"" sberbank CIB said in a note.versus the euro, the rouble added 0.3% to 89.36 .any gains in the rouble could, however, be capped by the tensions between moscow and the west. the european union top diplomat warned russia it could face new sanctions over the jailing of navalny, describing the government of president vladimir putin as merciless and authoritarian.brent crude oil, a global benchmark for russia main export, was down 0.2% at $61.35 a barrel after hitting $61.69 on wednesday, its highest since late january 2020.russian stock indexes were up. the dollar-denominated RTS index rose 0.6% to 1,457.2 points. the rouble-based MOEX russian index added 0.2% to 3,406.0 points.the russian stock market looks ""rather vulnerable"" but the stabilisation in the external backdrop and brent crude above $61 per barrel lower the risk of a decline, said evgeny loktyukhov, head of research at promsvyazbank.', 'LONDON oil prices fell on thursday, paring recent gains, as renewed lockdowns and the emergence of new coronavirus variants weighed on the prospects for a swift demand recovery.brent crude fell 52 cents, or 0.9%, to $60.95 a barrel by 1122 GMT and US west texas intermediate crude lost 48 cents, or 0.8%, to $58.20.the brent benchmark had risen in the previous nine sessions, its longest sustained period of gains since january 2019. wednesday had marked the eighth daily gain for US crude.""the rally that has been on \'til yesterday close may take some time to be repeated as finally the reality is being priced in, namely the slow pace of the oil demand recovery,"" said rystad energy head of oil markets, bjornar Tonhaugen.The international energy agency (IEA) on thursday said that global oil supply is still outstripping demand because of COVID-19 lockdowns and the spread of virus variants.""the forecasts for economic and oil demand growth are highly dependent on progress in distributing and administering vaccines, and the easing of travel restrictions in the world major economies,"" the IEA said.the market has been driven higher recently as the organization of the petroleum exporting countries (OPEC) and its allies, a group known as OPEC+, reduced output and saudi arabia pledged additional voluntary cuts.but the IEA said that a rapid stock draw expected in the second half of the year could set the stage for OPEC+ to start unwinding its cuts.further price pressure came from the end of a blockade by libya petroleum facilities guards at the port of hariga. the stoppage at hariga began last month and contributed to a decline in libyan oil output.argentina oil output also started to rise, pressuring prices.however, US crude stockpiles fell last week for a third straight week, dropping by 6.6 million barrels to 469 million barrels, the lowest level since march, the energy information administration said. analysts in a reuters poll had forecast an increase of 985,000 barrels.yet the continuous struggle caused by the emerging variants of the virus and doubts about the efficacy of vaccines continues to dampen sentiment.a UK scientist said the coronavirus variant found in the british county of kent is likely ""to sweep the world"" and could undermine the protection given by vaccines.', 'LONDON oil prices fell on thursday, paring recent gains, as renewed lockdowns and the emergence of new coronavirus variants weighed on prospects for a swift demand recovery.brent crude fell $0.52, or 0.9%, to $60.95 a barrel by 1122 GMT and US west texas intermediate crude lost $0.48, or 0.8%, to $58.20.the brent benchmark had risen in the previous nine sessions, its longest sustained period of gains since january 2019. wednesday had marked the eighth daily gain for the US crude. the rally that has been on until wednesdays close may take some time to be repeated as finally the reality is being priced in, namely the slow pace of oil demand recovery, said rystad energy head of oil markets bjornar Tonhaugen.The international energy agency (IEA) on thursday said that global oil supply is still outstripping demand because of Covid-19 lockdowns and the spread of virus variants. the forecasts for economic and oil demand growth are highly dependent on progress in distributing and administering vaccines, and the easing of travel restrictions in the worlds major economies, the IEA said.the market has been driven higher recently as the organisation of the petroleum exporting countries (OPEC) and its allies, a group known as OPEC+, reduced output and saudi arabia pledged additional voluntary cuts.but the IEA said that a rapid stock draw expected in the second half of the year could set the stage for OPEC+ to start unwinding its cuts.further price pressure came from the end of a blockade by libyas petroleum facilities guards at the port of hariga. the stoppage at hariga began last month and contributed to a decline in libyan oil output.argentinas oil output also started to rise, pressuring prices.however, US crude stockpiles fell last week for a third straight week, dropping by 6.6 million barrels to 469 million barrels, the lowest level since march, the energy information administration said. analysts in a reuters poll had forecast an increase of 985,000 barrels.yet the continuous struggle caused by the emerging variants of the virus and doubts about the efficacy of vaccines continue to dampen sentiment.a UK scientist said the coronavirus variant found in the british county of kent is likely to sweep the world and could undermine the protection given by vaccines.']","['https://www.brecorder.com/news/40062851/russian-rouble-nears-three-week-high-versus-dollar', 'https://www.brecorder.com/news/40063069/russian-rouble-climbs-to-three-week-high-versus-dollar', 'https://www.brecorder.com/news/40062972/oil-drops-after-strong-rally-as-new-covid-19-variants-weigh', 'https://tribune.com.pk/story/2283577/oil-drops-after-strong-rally-as-new-covid-19-variants-weigh']","['brent, , ']","['recovery in oil prices', 'recovery in oil prices', 'oil prices fell', 'oil prices fell']","['pos', 'pos', 'neg', 'neg']",111.39,"[2.63, 2.63, -5.33, -5.33]",-1.35,2,-3,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""The market signals are conflicting, with a positive market signal but negative news impact. It's advisable to refrain from taking any immediate trading actions and maintain a neutral stance until a clearer signal emerges.""
}"
2/12/2021,"['Oil extends losses after gloomier outlooks from OPEC, IEA', ""Oil's losses deepen as OPEC, IEA caution ends rally"", 'Oil retreats further as demand fears set in']","['oil extends losses after gloomier outlooks from OPEC, IEA', 'oil losses deepen as OPEC, IEA caution ends rally', 'oil retreats further as demand fears set in']","['Business Recorder', 'Business Recorder', 'Tribune']","['TOKYO: Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International Energy Agency said the market was still over-supplied.Brent crude was down 34 cents, or 0.6% at $60.80 a barrel by 0102 GMT, having dropped half a percent the previous session. US oil was down 36 cents, or 0.6% at $57.88 a barrel, after falling by 0.8% on Thursday.Both benchmarks closed on Wednesday at their highest levels since January 2020 after a nearly record-setting run of consecutive daily gains.Oil prices have risen over the last few weeks as OPEC and other producers in the group known as OPEC+ cut production, while Saudi Arabia also promised unilateral reductions in output that started this month.""There are some signs that the market is setting up for a pullback,"" said Bob Yawger, director of energy futures at Mizuho Securities.US crude\'s relative strength index was at the most overbought level since the second Iraq war, Yawger noted.Oil demand around the world in 2021 will recover more slowly than earlier thought, the Organization of the Petroleum Exporting Countries (OPEC) said.Previously, the International Energy Agency (IEA) said oil supply was still outstripping demand globally, although COVID-19 vaccines are expected to help demand recover.US crude inventories dropped unexpectedly last week, declining by more than 6 million barrels as refiners increased output to pre-pandemic levels, according to the Energy Information Administration.Analysts in a Reuters poll had forecast a rise of nearly 1 million barrels.Still, gasoline inventories increased more than expected, gaining by 4.3 million barrels in the last week, against forecasts of a 1.8 million rise.Gasoline demand over the last four weeks is 10% below the same time last year.', 'TOKYO: Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International Energy Agency said the market was still over-supplied.Brent crude was down 47 cents, or 0.8% at $60.67 a barrel by 0309 GMT, having dropped half a percent the previous session. US oil was down 53 cents, or 0.9% at $57.71 a barrel, after falling by 0.8% on Thursday.Both benchmarks closed on Wednesday at their highest levels since January 2020 after a nearly record-setting run of consecutive daily gains.Oil prices have risen over the last few weeks as OPEC and other producers in the group known as OPEC+ cut production, while Saudi Arabia also promised unilateral reductions in output that started this month.""OPEC production is likely to fall this month led by declines in Saudi Arabia and Libya. This should deepen the global market deficit and support prices,"" said Capital Economics.Before the declines, US crude\'s relative strength index was at the most overbought level since the second Iraq war, said Bob Yawger, director of energy futures at Mizuho Securities.""There are some signs that the market is setting up for a pullback,"" he said.  Oil demand around the world in 2021 will recover more slowly than earlier thought, the Organization of the Petroleum Exporting Countries (OPEC) said.Previously, the International Energy Agency (IEA) said oil supply was still outstripping demand globally, although COVID-19 vaccines are expected to help demand recover.US crude inventories dropped unexpectedly last week, declining by more than 6 million barrels as refiners increased output to pre-pandemic levels, according to the Energy Information Administration.Analysts in a Reuters poll had forecast a rise of nearly 1 million barrels.Still, gasoline inventories increased more than expected, gaining by 4.3 million barrels in the last week, against forecasts of a 1.8 million rise.Gasoline demand over the last four weeks is 10% below the same time last year.', 'LONDON:Oil prices dropped for a second day on Friday, pulling further back from a one-year high after Organisation of the Petroleum Exporting Countries (OPEC) again lowered its demand forecast and the International Energy Agency said the market remains oversupplied.Brent crude was down $0.34, or 0.6%, at $60.80 a barrel by 1051 GMT, having dropped 0.5% in the previous session. US oil was down $0.39, or 0.7%, at $57.85 after falling 0.8% on Thursday.Both contracts were still on course for weekly gains, however.Oil closed on Wednesday at its highest since January 2020 after coming close to a record-setting run of consecutive daily gains.Prices have risen in recent weeks partly owing to oil production cuts by OPEC and other producers in the group known as OPEC+.This week, however, OPEC said it expects global oil demand to recover more slowly than thought in 2021, trimming its forecast by 110,000 barrels per day (bpd) to 5.79 million bpd.The International Energy Agency (IEA) said that oil supply was still outstripping global demand, though Covid-19 vaccines are expected to support demand recovery.“The [IEA] report paints a more pessimistic picture than market participants have presumably been envisaging given the current high prices,â€ÂÂ\x9d Commerzbank said.Demand data from the world’s biggest oil importer also paints a bleak picture. The number of people who travelled in China ahead of Lunar New Year holidays plummeted by 70% from two years ago as coronavirus restrictions curbed the world’s largest annual domestic migration, official data showed.ABN Amro revised its 2021 Brent oil prices forecast slightly higher to $55 a barrel but warned of demand headwinds.“The biggest recovery in demand will have to come from the aviation sector,â€ÂÂ\x9d the bank said. “Especially for aviation, we do not yet see a major recovery this year.â€ÂÂ\x9d']","['TOKYO oil prices fell a second day on friday, extending losses after OPEC cut its demand forecast and the international energy agency said the market was still over-supplied.Brent crude was down 34 cents, or 0.6% at $60.80 a barrel by 0102 GMT, having dropped half a percent the previous session. US oil was down 36 cents, or 0.6% at $57.88 a barrel, after falling by 0.8% on Thursday.Both benchmarks closed on wednesday at their highest levels since january 2020 after a nearly record-setting run of consecutive daily gains.oil prices have risen over the last few weeks as OPEC and other producers in the group known as OPEC+ cut production, while saudi arabia also promised unilateral reductions in output that started this month.""there are some signs that the market is setting up for a pullback,"" said bob yawger, director of energy futures at mizuho Securities.US crude relative strength index was at the most overbought level since the second iraq war, yawger noted.oil demand around the world in 2021 will recover more slowly than earlier thought, the organization of the petroleum exporting countries (OPEC) said.previously, the international energy agency (IEA) said oil supply was still outstripping demand globally, although COVID-19 vaccines are expected to help demand recover.US crude inventories dropped unexpectedly last week, declining by more than 6 million barrels as refiners increased output to pre-pandemic levels, according to the energy information Administration.Analysts in a reuters poll had forecast a rise of nearly 1 million barrels.still, gasoline inventories increased more than expected, gaining by 4.3 million barrels in the last week, against forecasts of a 1.8 million rise.gasoline demand over the last four weeks is 10% below the same time last year.', 'TOKYO oil prices fell a second day on friday, extending losses after OPEC cut its demand forecast and the international energy agency said the market was still over-supplied.Brent crude was down 47 cents, or 0.8% at $60.67 a barrel by 0309 GMT, having dropped half a percent the previous session. US oil was down 53 cents, or 0.9% at $57.71 a barrel, after falling by 0.8% on Thursday.Both benchmarks closed on wednesday at their highest levels since january 2020 after a nearly record-setting run of consecutive daily gains.oil prices have risen over the last few weeks as OPEC and other producers in the group known as OPEC+ cut production, while saudi arabia also promised unilateral reductions in output that started this month.""OPEC production is likely to fall this month led by declines in saudi arabia and libya. this should deepen the global market deficit and support prices,"" said capital Economics.Before the declines, US crude relative strength index was at the most overbought level since the second iraq war, said bob yawger, director of energy futures at mizuho Securities.""There are some signs that the market is setting up for a pullback,"" he said. oil demand around the world in 2021 will recover more slowly than earlier thought, the organization of the petroleum exporting countries (OPEC) said.previously, the international energy agency (IEA) said oil supply was still outstripping demand globally, although COVID-19 vaccines are expected to help demand recover.US crude inventories dropped unexpectedly last week, declining by more than 6 million barrels as refiners increased output to pre-pandemic levels, according to the energy information Administration.Analysts in a reuters poll had forecast a rise of nearly 1 million barrels.still, gasoline inventories increased more than expected, gaining by 4.3 million barrels in the last week, against forecasts of a 1.8 million rise.gasoline demand over the last four weeks is 10% below the same time last year.', 'LONDON oil prices dropped for a second day on friday, pulling further back from a one-year high after organisation of the petroleum exporting countries (OPEC) again lowered its demand forecast and the international energy agency said the market remains oversupplied.brent crude was down $0.34, or 0.6%, at $60.80 a barrel by 1051 GMT, having dropped 0.5% in the previous session. US oil was down $0.39, or 0.7%, at $57.85 after falling 0.8% on Thursday.Both contracts were still on course for weekly gains, however.oil closed on wednesday at its highest since january 2020 after coming close to a record-setting run of consecutive daily gains.prices have risen in recent weeks partly owing to oil production cuts by OPEC and other producers in the group known as OPEC+.This week, however, OPEC said it expects global oil demand to recover more slowly than thought in 2021, trimming its forecast by 110,000 barrels per day (bpd) to 5.79 million bpd.the international energy agency (IEA) said that oil supply was still outstripping global demand, though Covid-19 vaccines are expected to support demand recovery.the [IEA] report paints a more pessimistic picture than market participants have presumably been envisaging given the current high prices, commerzbank said.demand data from the worlds biggest oil importer also paints a bleak picture. the number of people who travelled in china ahead of lunar new year holidays plummeted by 70% from two years ago as coronavirus restrictions curbed the worlds largest annual domestic migration, official data showed.ABN amro revised its 2021 brent oil prices forecast slightly higher to $55 a barrel but warned of demand headwinds.the biggest recovery in demand will have to come from the aviation sector, the bank said. especially for aviation, we do not yet see a major recovery this year.']","['https://www.brecorder.com/news/40063283/oil-extends-losses-after-gloomier-outlooks-from-opec-iea', 'https://www.brecorder.com/news/40063264/oils-losses-deepen-as-opec-iea-caution-ends-rally', 'https://tribune.com.pk/story/2283773/oil-retreats-further-as-demand-fears-set-in']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices dropped']","['neg', 'neg', 'neg']",108.55,"[-5.33, -5.33, -1.61]",-4.09,3,-3,-3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news sentiment is negative but not significantly low. The market signal suggests a neutral stance. Hence, we recommend holding the position and closely monitoring the market for any significant changes in sentiment.""
}"
2/15/2021,"['Oil hits 13-month highs as market re-balances', 'Oil hits 13-months highs on fears of Middle East tensions', 'Oil hits 13-month highs as market re-balances', 'Saudi shares climb on higher crude while Qatar falls']","['oil hits 13-month highs as market re-balances', 'oil hits 13-months highs on fears of middle east tensions', 'oil hits 13-month highs as market re-balances', 'saudi shares climb on higher crude while qatar falls']","['Business Recorder', 'Dawn', 'Tribune', 'Business Recorder']","['LONDON: Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in.Brent crude was up 92 cents, or 1.5%, at $63.35 a barrel at 1215 GMT, after climbing to a session high of $63.76, the highest since Jan. 22, 2020.US West Texas Intermediate (WTI) crude futures gained $1.20, or 2%, to $60.67 a barrel. It touched $60.95 - its highest since Jan. 8 last year, earlier in the session.Oil prices gained around 5% last week.Prices have rallied over recent weeks as supplies tighten, due largely to production cuts from the Organization of the Petroleum Exporting Countries (OPEC) and allied producers in the group OPEC+.Russian Deputy Prime Minister Alexander Novak said the global oil market is on a recovery path and the oil price this year could average $45-$60 per barrel.""We\'ve seen low volatility in the past few months. This means the market is balanced and the prices we are seeing today are in line with the market situation,"" Novak was quoted as saying.Meanwhile US President Joe Biden pushed for the first major legislative achievement of his term on Friday, turning to a bipartisan group of local officials for help on his $1.9 trillion coronavirus relief plan.""The long-awaited $1.9 trillion package has not been passed. As the latest US job data hints at struggling labour market the relief package cannot come soon enough for some,"" said Tamas Varga, oil analyst at London brokerage PVM Oil Associates.""The stimulus will likely be approved in some shape or form"", he added.In a move which could further tighten supply, workers will decide on Monday whether to strike this week at Norway\'s largest oil loading terminal, action that could disrupt production at fields responsible for a third of the country\'s crude output.', ""Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a US stimulus and an easing of lockdowns will buoy fuel demand provided support.Brent crude was up $1.09, or 1.8 per cent, at $63.52 a barrel at 0428 GMT, after climbing to a session high of $63.76, the highest since Jan 22, 2020.US West Texas Intermediate (WTI) crude futures gained $1.28, or 2.2pc, to $60.75 a barrel. It touched the highest since Jan 8 last year of $60.95 earlier in the session.Oil prices gained around 5pc last week.The Saudi-led coalition fighting in Yemen said late on Sunday it intercepted and destroyed an explosive-laden drone fired by the Iran-aligned Houthi group toward the kingdom, state TV reported, raising fears of fresh Middle East tensions.���������An early spike in oil markets was triggered by the news,��������� said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co.����gtimulus and easing of lockdowns will boost the economy and fuel demand,��������� he said. WTI may be pulled back by profit-taking as it reached a key $60 level, he added.US President Joe Biden pushed for the first major legislative achievement of his term on Friday, turning to a bipartisan group of local officials for help on his $1.9 trillion coronavirus relief plan.Oil prices have rallied over recent weeks also as supplies tighten, due largely to production cuts from the Organization of the Petroleum Exporting Countries (Opec) and allied producers in the group Opec+.���������On top of that, robust global stock markets boosted investors' risk appetite,��������� said Satoru Yoshida, a commodity analyst with Rakuten Securities.Asian shares advanced to record highs on Monday as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington.���������With cheap money supply amid moil producers, crude oil prices may be headed toward $70 a barrel,�����ï¿"", 'LONDON:Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in.Brent crude was up $0.92, or 1.5%, at $63.35 a barrel at 1215 GMT, after climbing to a session high of $63.76, the highest since January 22, 2020.US West Texas Intermediate (WTI) crude futures gained $1.20, or 2%, to $60.67 a barrel. It touched $60.95 – its highest since January 8 last year, earlier in the session.Oil prices gained around 5% last week. Prices have rallied in recent weeks as supplies tighten, due largely to production cuts from the Organisation of the Petroleum Exporting Countries (OPEC) and allied producers in the group OPEC+.Russian Deputy Prime Minister Alexander Novak said the global oil market is on a recovery path and the oil price this year could average $45-60 per barrel.“We’ve seen low volatility in the past few months. This means the market is balanced and the prices we are seeing today are in line with the market situation,â€ÂÂ\x9d Novak was quoted as saying.Meanwhile, US President Joe Biden pushed for the first major legislative achievement of his term on Friday, turning to a bipartisan group of local officials for help on his $1.9 trillion coronavirus relief plan.“The long-awaited $1.9 trillion package has not been passed. As the latest US job data hints at struggling labour market, the relief package cannot come soon enough for some,â€ÂÂ\x9d said Tamas Varga, oil analyst at London brokerage PVM Oil Associates. “The stimulus will likely be approved in some shape or form,â€ÂÂ\x9d he added.In a move which could further tighten supply, workers will decide on Monday whether to strike this week at Norway’s largest oil loading terminal, action that could disrupt production at fields responsible for a third of the country’s crude output.', ""Saudi shares extended gains for an eighth consecutive session on Monday on rising crude oil prices while corporate results weighed on the Qatari index .Oil prices soared to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply in check.Saudi Arabia's benchmark index advanced 0.5%, with Al Rajhi Bank rising 1.8% and National Commercial Bank climbing 1.5%.The Qatari index lost 0.5%, dragged down by a 8.1% slide for telecoms giant Ooredoo after it reported a loss of 342 million riyals ($93.96 million) in the fourth-quarter, against a profit of 460 million riyals a year earlier.Qatar Insurance fell 3.5% after a decline in 2020 profit.Elsewhere, Dubai's main share index firmed 0.7%, led by a 1.9% rise for Emaar Properties despite the blue-chip developer's 58% drop in full-year profit.Emaar founder Mohamed Alabbar was more optimistic about 2021, saying there were opportunities both traditional and technological that didn't exist five or 10 years ago.In Abu Dhabi, the index slipped 0.3%, hit by a 1.6% decline for Aldar Properties and a 0.7% fall for the country's largest lender and index heavyweight First Abu Dhabi Bank.Outside the Gulf, Egypt's blue-chip index firmed by 0.2%. Electronics retailer MM Group for Industry and International Trade was the best performer, extending its gains for a second straight session.MM Group jumped more than 13% after it said on Sunday that its non-banking finance joint venture Ebtikar will be listed on the Egytptian Stock Exchange.""]","['LONDON oil prices soared on monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in.brent crude was up 92 cents, or 1.5%, at $63.35 a barrel at 1215 GMT, after climbing to a session high of $63.76, the highest since jan. 22, 2020.US west texas intermediate (WTI) crude futures gained $1.20, or 2%, to $60.67 a barrel. it touched $60.95 - its highest since jan. 8 last year, earlier in the session.oil prices gained around 5% last week.prices have rallied over recent weeks as supplies tighten, due largely to production cuts from the organization of the petroleum exporting countries (OPEC) and allied producers in the group OPEC+.Russian deputy prime minister alexander novak said the global oil market is on a recovery path and the oil price this year could average $45-$60 per barrel.""we have seen low volatility in the past few months. this means the market is balanced and the prices we are seeing today are in line with the market situation,"" novak was quoted as saying.meanwhile US president joe biden pushed for the first major legislative achievement of his term on friday, turning to a bipartisan group of local officials for help on his $1.9 trillion coronavirus relief plan.""the long-awaited $1.9 trillion package has not been passed. as the latest US job data hints at struggling labour market the relief package cannot come soon enough for some,"" said tamas varga, oil analyst at london brokerage PVM oil Associates.""The stimulus will likely be approved in some shape or form"", he added.in a move which could further tighten supply, workers will decide on monday whether to strike this week at norway largest oil loading terminal, action that could disrupt production at fields responsible for a third of the country crude output.', ""oil prices soared on monday to their highest in about 13 months as fears of heightened tensions in the middle east prompted fresh buying, while hopes that a US stimulus and an easing of lockdowns will buoy fuel demand provided support.brent crude was up $1.09, or 1.8 per cent, at $63.52 a barrel at 0428 GMT, after climbing to a session high of $63.76, the highest since jan 22, 2020.US west texas intermediate (WTI) crude futures gained $1.28, or 2.2pc, to $60.75 a barrel. it touched the highest since jan 8 last year of $60.95 earlier in the session.oil prices gained around 5pc last week.the Saudi-led coalition fighting in yemen said late on sunday it intercepted and destroyed an explosive-laden drone fired by the Iran-aligned houthi group toward the kingdom, state TV reported, raising fears of fresh middle east tensions.an early spike in oil markets was triggered by the news, said kazuhiko saito, chief analyst at commodities broker fujitomi co.gtimulus and easing of lockdowns will boost the economy and fuel demand, he said. WTI may be pulled back by profit-taking as it reached a key $60 level, he added.US president joe biden pushed for the first major legislative achievement of his term on friday, turning to a bipartisan group of local officials for help on his $1.9 trillion coronavirus relief plan.oil prices have rallied over recent weeks also as supplies tighten, due largely to production cuts from the organization of the petroleum exporting countries (Opec) and allied producers in the group Opec+.On top of that, robust global stock markets boosted investors' risk appetite, said satoru yoshida, a commodity analyst with rakuten Securities.Asian shares advanced to record highs on monday as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington.With cheap money supply amid moil producers, crude oil prices may be headed toward $70 a barrel,"", 'LONDON oil prices soared on monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in.brent crude was up $0.92, or 1.5%, at $63.35 a barrel at 1215 GMT, after climbing to a session high of $63.76, the highest since january 22, 2020.US west texas intermediate (WTI) crude futures gained $1.20, or 2%, to $60.67 a barrel. it touched $60.95 its highest since january 8 last year, earlier in the session.oil prices gained around 5% last week. prices have rallied in recent weeks as supplies tighten, due largely to production cuts from the organisation of the petroleum exporting countries (OPEC) and allied producers in the group OPEC+.Russian deputy prime minister alexander novak said the global oil market is on a recovery path and the oil price this year could average $45-60 per barrel.weve seen low volatility in the past few months. this means the market is balanced and the prices we are seeing today are in line with the market situation, novak was quoted as saying.meanwhile, US president joe biden pushed for the first major legislative achievement of his term on friday, turning to a bipartisan group of local officials for help on his $1.9 trillion coronavirus relief plan.the long-awaited $1.9 trillion package has not been passed. as the latest US job data hints at struggling labour market, the relief package cannot come soon enough for some, said tamas varga, oil analyst at london brokerage PVM oil associates. the stimulus will likely be approved in some shape or form, he added.in a move which could further tighten supply, workers will decide on monday whether to strike this week at norways largest oil loading terminal, action that could disrupt production at fields responsible for a third of the countrys crude output.', ""saudi shares extended gains for an eighth consecutive session on monday on rising crude oil prices while corporate results weighed on the qatari index .oil prices soared to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply in check.saudi arabia benchmark index advanced 0.5%, with al rajhi bank rising 1.8% and national commercial bank climbing 1.5%.the qatari index lost 0.5%, dragged down by a 8.1% slide for telecoms giant ooredoo after it reported a loss of 342 million riyals ($93.96 million) in the fourth-quarter, against a profit of 460 million riyals a year earlier.qatar insurance fell 3.5% after a decline in 2020 profit.elsewhere, dubai main share index firmed 0.7%, led by a 1.9% rise for emaar properties despite the blue-chip developer 58% drop in full-year profit.emaar founder mohamed alabbar was more optimistic about 2021, saying there were opportunities both traditional and technological that didn't exist five or 10 years ago.in abu dhabi, the index slipped 0.3%, hit by a 1.6% decline for aldar properties and a 0.7% fall for the country largest lender and index heavyweight first abu dhabi Bank.Outside the gulf, egypt blue-chip index firmed by 0.2%. electronics retailer MM group for industry and international trade was the best performer, extending its gains for a second straight session.MM group jumped more than 13% after it said on sunday that its non-banking finance joint venture ebtikar will be listed on the egytptian stock exchange.""]","['https://www.brecorder.com/news/40064131/oil-hits-13-month-highs-as-market-re-balances', 'https://www.dawn.com/news/1607504/oil-hits-13-months-highs-on-fears-of-middle-east-tensions', 'https://tribune.com.pk/story/2284260/oil-hits-13-month-highs-as-market-re-balances', 'https://www.brecorder.com/news/40064239/saudi-shares-climb-on-higher-crude-while-qatar-falls']","['brent, , ', 'oil, gulf, ']","['oil prices gained', 'oil prices gained', 'oil prices gained', 'rising crude oil price']","['pos', 'pos', 'pos', 'pos']",112.24,"[4.14, 4.14, 4.14, 1.78]",3.55,1,3,-3,0,"{
  ""Trading Recommendation"": ""Strong Buy"",
  ""Rationale"": ""The overall news sentiment is strongly positive, indicating a bullish market outlook. Although the market signal is not very strong, the positive news impact suggests a buy opportunity. Investors are advised to consider buying positions to potentially capitalize on the market's upward trend.""
}"
2/17/2021,['India urges OPEC+ to ease output cuts to rein in oil prices'],['india urges OPEC+ to ease output cuts to rein in oil prices'],['Business Recorder'],"['NEW DELHI: India has urged OPEC and allied oil producers to ease production cuts as higher crude prices are hitting fuel demand in Asia\'s third largest economy and adding to inflation, its oil minister, Dharmendra Pradhan, said on Wednesday.""The price-sensitive Indian consumers are affected by rising petroleum product prices,"" Pradhan said ahead of a March 4 policy-setting meeting of the Organization of the Petroleum Exporting Countries and allies, known as OPEC+.Oil has been supported in the past few weeks by OPEC+ supply curbs and hopes of a demand rebound due to COVID-19 vaccinations. Benchmark Brent crude rose to $64.72 a barrel at 1237 GMT.Retail prices of heavily taxed gasoline and gasoil in India have touched record highs due to the spurt in global prices. India, the world\'s third biggest oil consumer and importer, meets over 84% of its oil needs through imports.India\'s gasoline demand, which had recovered to pre-COVID levels in August, declined in the first two weeks of February while the pace of fall in diesel demand widened to about a six-month high, preliminary industry sales data showed.Besides hitting fuel demand, higher oil prices could potentially hinder economic growth in developing countries including India, he said.""The rising crude oil prices during the last few weeks is hurting the fragile global economic recovery due to significant demand contraction, which might even mirror the impact of COVID-19 in its initial stages.""Pradhan said India has been able to contain the inflationary pressure on several fronts ""but not those impacted by crude prices.""""The key producing countries have not only revised the production cuts over and above the previously announced levels but also added additional voluntary cuts,"" Pradhan said, referring to voluntary cuts by Saudi Arabia.  Last month also India blamed voluntary oil output cuts by Saudi Arabia for a spike in oil prices.He said demand recovery should take primacy over crude prices at least for next few months. ""I am appealing for easing of production cuts by the key oil exporting countries,"" he said.']","['NEW DELHI india has urged OPEC and allied oil producers to ease production cuts as higher crude prices are hitting fuel demand in asia third largest economy and adding to inflation, its oil minister, dharmendra pradhan, said on Wednesday.""The price-sensitive indian consumers are affected by rising petroleum product prices,"" pradhan said ahead of a march 4 policy-setting meeting of the organization of the petroleum exporting countries and allies, known as OPEC+.Oil has been supported in the past few weeks by OPEC+ supply curbs and hopes of a demand rebound due to COVID-19 vaccinations. benchmark brent crude rose to $64.72 a barrel at 1237 GMT.Retail prices of heavily taxed gasoline and gasoil in india have touched record highs due to the spurt in global prices. india, the world third biggest oil consumer and importer, meets over 84% of its oil needs through imports.india gasoline demand, which had recovered to pre-COVID levels in august, declined in the first two weeks of february while the pace of fall in diesel demand widened to about a six-month high, preliminary industry sales data showed.besides hitting fuel demand, higher oil prices could potentially hinder economic growth in developing countries including india, he said.""the rising crude oil prices during the last few weeks is hurting the fragile global economic recovery due to significant demand contraction, which might even mirror the impact of COVID-19 in its initial stages.""pradhan said india has been able to contain the inflationary pressure on several fronts ""but not those impacted by crude prices.""""the key producing countries have not only revised the production cuts over and above the previously announced levels but also added additional voluntary cuts,"" pradhan said, referring to voluntary cuts by saudi arabia. last month also india blamed voluntary oil output cuts by saudi arabia for a spike in oil prices.he said demand recovery should take primacy over crude prices at least for next few months. ""I am appealing for easing of production cuts by the key oil exporting countries,"" he said.']",['https://www.brecorder.com/news/40065139/india-urges-opec-to-ease-output-cuts-to-rein-in-oil-prices'],"['brent, , ']",['rising crude oil price'],['pos'],112.38,[1.78],1.78,1,3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""While the market signal indicates a relatively strong bullish sentiment, the news impact is not very strong. Therefore, we recommend holding the position for now and monitoring the market for any changes in sentiment.""
}"
2/18/2021,['Oil prices climb on fears Texas freeze may hamper US crude output'],['oil prices climb on fears texas freeze may hamper US crude output'],['Business Recorder'],"['TOKYO: Oil prices rallied again on Thursday to hit 13-month highs as concerns that a rare cold snap in Texas could disrupt US crude output for days or even weeks prompted fresh buying.Brent crude climbed 89 cents, or 1.4%, to $65.23 a barrel by 0524 GMT, touching its highest since Jan. 20, 2020. US West Texas Intermediate (WTI) crude futures gained 66 cents, or 1.1%, to $61.80 a barrel, registering its highest since Jan. 8, 2020.Both benchmarks rose about $1 on Wednesday and have gained more than 6% since their close last Thursday.Texas oil producers and refiners remained shut for a fifth day on Wednesday after several days of blistering cold, and the governor ordered a ban on natural gas exports from the state to try to speed the restoration of power.Roughly 1 million barrels per day (bpd) of crude production has been shut, according to Wood Mackenzie analysts, and it could be weeks before it is fully restored.""Oil prices got a boost again from expectations that the disruptions of Texas oil producers and refiners due to the cold storm could last for a while,"" said Hiroyuki Kikukawa, general manager of research at Nissan Securities.""With hopes of fresh US economic stimulus and wider rollouts of the COVID-19 vaccine, oil prices are expected to stay on the bullish trend,"" he said, predicting that WTI could test a key $65 level.In addition, a larger-than-anticipated draw in the US crude oil inventories added to supply concerns, said Chiyoki Chen, chief analyst at Sunward Trading.US crude oil stocks fell by 5.8 million barrels in the week to Feb. 12 to about 468 million barrels, compared with analysts\' expectations for a draw of 2.4 million barrels, American Petroleum Institute data showed.US Energy Information Administration (EIA) oil inventory data will be released later on Thursday, delayed by a day after a Monday holiday.Oil\'s price rally in recent months has also been supported by a tightening of global supplies, due largely to production cuts from the Organization of the Petroleum Exporting Countries (OPEC) and allied producers in the OPEC+ grouping that includes Russia.OPEC+ sources told Reuters the group\'s producers are likely to ease curbs on supply after April given the recovery in prices.']","['TOKYO oil prices rallied again on thursday to hit 13-month highs as concerns that a rare cold snap in texas could disrupt US crude output for days or even weeks prompted fresh buying.brent crude climbed 89 cents, or 1.4%, to $65.23 a barrel by 0524 GMT, touching its highest since jan. 20, 2020. US west texas intermediate (WTI) crude futures gained 66 cents, or 1.1%, to $61.80 a barrel, registering its highest since jan. 8, 2020.both benchmarks rose about $1 on wednesday and have gained more than 6% since their close last Thursday.Texas oil producers and refiners remained shut for a fifth day on wednesday after several days of blistering cold, and the governor ordered a ban on natural gas exports from the state to try to speed the restoration of power.roughly 1 million barrels per day (bpd) of crude production has been shut, according to wood mackenzie analysts, and it could be weeks before it is fully restored.""oil prices got a boost again from expectations that the disruptions of texas oil producers and refiners due to the cold storm could last for a while,"" said hiroyuki kikukawa, general manager of research at nissan Securities.""With hopes of fresh US economic stimulus and wider rollouts of the COVID-19 vaccine, oil prices are expected to stay on the bullish trend,"" he said, predicting that WTI could test a key $65 level.in addition, a larger-than-anticipated draw in the US crude oil inventories added to supply concerns, said chiyoki chen, chief analyst at sunward Trading.US crude oil stocks fell by 5.8 million barrels in the week to feb. 12 to about 468 million barrels, compared with analysts\' expectations for a draw of 2.4 million barrels, american petroleum institute data showed.US energy information administration (EIA) oil inventory data will be released later on thursday, delayed by a day after a monday holiday.oil price rally in recent months has also been supported by a tightening of global supplies, due largely to production cuts from the organization of the petroleum exporting countries (OPEC) and allied producers in the OPEC+ grouping that includes Russia.OPEC+ sources told reuters the group producers are likely to ease curbs on supply after april given the recovery in prices.']",['https://www.brecorder.com/news/40065376/oil-prices-climb-on-fears-texas-freeze-may-hamper-us-crude-output'],"['brent, , ']",['brent crude climbed'],['pos'],111,[4.35],4.35,2,-3,-1,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""While the overall news sentiment is significantly positive, the market signal is weak, indicating a cautious stance. Therefore, we recommend holding the position for now and monitoring the market for any changes in sentiment.""
}"
2/19/2021,"['Oil extends losses as Texas prepares to ramp up output', 'Oil extends losses as Texas prepares to ramp up output']","['oil extends losses as texas prepares to ramp up output', 'oil extends losses as texas prepares to ramp up output']","['Tribune', 'Business Recorder']","['LONDON:Oil prices fell from recent highs for a second day on Friday as Texas energy firms began to prepare for restarting oil and gas fields shuttered by freezing weather.Brent crude futures were down $1.16, or 1.8%, to $62.77 per barrel by 1150 GMT, while US West Texas Intermediate (WTI) crude futures fell $1.42, or 2.4%, to $59.10 a barrel.Unusually cold weather in Texas and the Plains states curtailed up to 4 million barrels per day (bpd) of crude oil production and 21 billion cubic feet of natural gas, according to analysts.Texas refiners halted about a fifth of the nation’s oil processing amid power outages and severe cold.However, firms in the region on Friday were expected to prepare for production restarts as electric power and water services slowly resume, sources said.“The market was ripe for a correction and signs of the power and overall energy situation starting to normalise in Texas provided the necessary trigger,â€ÂÂ\x9d said Vandana Hari, energy analyst at Vanda Insights.Oil fell despite a surprise fall in US crude stockpiles in the week to February 12, before the freeze. Inventories fell by 7.3 million barrels to 461.8 million barrels, their lowest since March, the Energy Information Administration reported on Thursday.The United States said it was ready to talk to Iran about both nations returning to a 2015 agreement that aimed to prevent Tehran from acquiring nuclear weapons.While the thawing relations could raise the prospect of reversing sanctions imposed by the previous US administration, analysts did not expect Iranian oil sanctions to be lifted anytime soon.“This breakthrough increases the probability that we may see Iran returning to the oil market soon, although there is much to be discussed and a new deal will not be a carbon copy of the 2015 nuclear deal,â€ÂÂ\x9d StoneX analyst Kevin Solomon said.', 'LONDON: Oil prices fell from recent highs for a second day on Friday as Texas energy firms began to prepare for restarting oil and gas fields shuttered by freezing weather.Brent crude futures were down $1.16, or 1.8%, to $62.77 per barrel, by 1150 GMT, while US West Texas Intermediate (WTI) crude futures fell $1.42, or 2.4%, to $59.10 a barrel.Unusually cold weather in Texas and the Plains states curtailed up to 4 million barrels per day (bpd) of crude oil production and 21 billion cubic feet of natural gas, according to analysts.Texas refiners halted about a fifth of the nation\'s oil processing amid power outages and severe cold.However, firms in the region on Friday were expected to prepare for production restarts as electric power and water services slowly resume, sources said.""The market was ripe for a correction and signs of the power and overall energy situation starting to normalise in Texas provided the necessary trigger,"" said Vandana Hari, energy analyst at Vanda Insights.Oil fell despite a surprise fall in US crude stockpiles in the week to Feb. 12, before the freeze. Inventories fell by 7.3 million barrels to 461.8 million barrels, their lowest since March, the Energy Information Administration reported on Thursday.The United States on Thursday said it was ready to talk to Iran about both nations returning to a 2015 agreement that aimed to prevent Tehran from acquiring nuclear weapons.While the thawing relations could raise the prospect of reversing sanctions imposed by the previous US administration, analysts did not expect Iranian oil sanctions to be lifted anytime soon.""This breakthrough increases the probability that we may see Iran returning to the oil market soon, although there is much to be discussed and a new deal will not be a carbon-copy of the 2015 nuclear deal,"" StoneX analyst Kevin Solomon said.']","['LONDON oil prices fell from recent highs for a second day on friday as texas energy firms began to prepare for restarting oil and gas fields shuttered by freezing weather.brent crude futures were down $1.16, or 1.8%, to $62.77 per barrel by 1150 GMT, while US west texas intermediate (WTI) crude futures fell $1.42, or 2.4%, to $59.10 a barrel.unusually cold weather in texas and the plains states curtailed up to 4 million barrels per day (bpd) of crude oil production and 21 billion cubic feet of natural gas, according to analysts.texas refiners halted about a fifth of the nations oil processing amid power outages and severe cold.however, firms in the region on friday were expected to prepare for production restarts as electric power and water services slowly resume, sources said.the market was ripe for a correction and signs of the power and overall energy situation starting to normalise in texas provided the necessary trigger, said vandana hari, energy analyst at vanda Insights.Oil fell despite a surprise fall in US crude stockpiles in the week to february 12, before the freeze. inventories fell by 7.3 million barrels to 461.8 million barrels, their lowest since march, the energy information administration reported on Thursday.The united states said it was ready to talk to iran about both nations returning to a 2015 agreement that aimed to prevent tehran from acquiring nuclear weapons.while the thawing relations could raise the prospect of reversing sanctions imposed by the previous US administration, analysts did not expect iranian oil sanctions to be lifted anytime soon.this breakthrough increases the probability that we may see iran returning to the oil market soon, although there is much to be discussed and a new deal will not be a carbon copy of the 2015 nuclear deal, StoneX analyst kevin solomon said.', 'LONDON oil prices fell from recent highs for a second day on friday as texas energy firms began to prepare for restarting oil and gas fields shuttered by freezing weather.brent crude futures were down $1.16, or 1.8%, to $62.77 per barrel, by 1150 GMT, while US west texas intermediate (WTI) crude futures fell $1.42, or 2.4%, to $59.10 a barrel.unusually cold weather in texas and the plains states curtailed up to 4 million barrels per day (bpd) of crude oil production and 21 billion cubic feet of natural gas, according to analysts.texas refiners halted about a fifth of the nation oil processing amid power outages and severe cold.however, firms in the region on friday were expected to prepare for production restarts as electric power and water services slowly resume, sources said.""the market was ripe for a correction and signs of the power and overall energy situation starting to normalise in texas provided the necessary trigger,"" said vandana hari, energy analyst at vanda Insights.Oil fell despite a surprise fall in US crude stockpiles in the week to feb. 12, before the freeze. inventories fell by 7.3 million barrels to 461.8 million barrels, their lowest since march, the energy information administration reported on Thursday.The united states on thursday said it was ready to talk to iran about both nations returning to a 2015 agreement that aimed to prevent tehran from acquiring nuclear weapons.while the thawing relations could raise the prospect of reversing sanctions imposed by the previous US administration, analysts did not expect iranian oil sanctions to be lifted anytime soon.""this breakthrough increases the probability that we may see iran returning to the oil market soon, although there is much to be discussed and a new deal will not be a carbon-copy of the 2015 nuclear deal,"" StoneX analyst kevin solomon said.']","['https://tribune.com.pk/story/2285044/oil-extends-losses-as-texas-prepares-to-ramp-up-output', 'https://www.brecorder.com/news/40065932/oil-extends-losses-as-texas-prepares-to-ramp-up-output']","['brent, , ']","['oil prices fell', 'oil prices fell']","['neg', 'neg']",110.9,"[-5.33, -5.33]",-5.33,2,-3,-3,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The overall news sentiment is significantly negative, indicating a bearish market outlook. The market signal also aligns with this sentiment, suggesting a sell opportunity. Hence, we recommend selling the position to mitigate potential losses.""
}"
2/22/2021,['Oil extends losses as Texas prepares to ramp up output'],['oil extends losses as texas prepares to ramp up output'],['Business Recorder'],"['LONDON: Oil prices fell from recent highs for a second day on Friday as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather.Brent crude futures were down 16 cents, or 0.3%, at $63.77 a barrel by 1452 GMT and US West Texas Intermediate (WTI) crude futures fell 38 cents, or 0.6%, to $60.14.Unusually cold weather in Texas and the Plains states curtailed up to 4 million barrels per day (bpd) of crude oil production and 21 billion cubic feet of natural gas, analysts estimated.Texas refiners halted about a fifth of the nation’s oil processing amid power outages and severe cold. However, companies were expected to prepare for production restarts on Friday as electric power and water services slowly resume, sources said. “The market was ripe for a correction and signs of the power and overall energy situation starting to normalise in Texas provided the necessary trigger,â€Â\x9d said Vandana Hari, energy analyst at Vanda Insights.Oil fell despite a surprise drop in US crude stockpiles in the week to Feb. 12, before the big freeze. Inventories fell by 7.3 million barrels to 461.8 million barrels, their lowest since March, the Energy Information Administration reported on Thursday.The United States on Thursday said it was ready to talk to Iran about both nations returning to a 2015 agreement that aimed to prevent Tehran from acquiring nuclear weapons.While the thawing relations could raise the prospect of reversing sanctions imposed by the previous US administration, analysts did not expect Iranian oil sanctions to be lifted any time soon.“This breakthrough increases the probability that we may see Iran returning to the oil market soon, although there is much to be discussed and a new deal will not be a carbon-copy of the 2015 nuclear deal,â€Â\x9d said StoneX analyst Kevin Solomon.']","['LONDON oil prices fell from recent highs for a second day on friday as texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather.brent crude futures were down 16 cents, or 0.3%, at $63.77 a barrel by 1452 GMT and US west texas intermediate (WTI) crude futures fell 38 cents, or 0.6%, to $60.14.unusually cold weather in texas and the plains states curtailed up to 4 million barrels per day (bpd) of crude oil production and 21 billion cubic feet of natural gas, analysts estimated.texas refiners halted about a fifth of the nations oil processing amid power outages and severe cold. however, companies were expected to prepare for production restarts on friday as electric power and water services slowly resume, sources said. the market was ripe for a correction and signs of the power and overall energy situation starting to normalise in texas provided the necessary trigger, said vandana hari, energy analyst at vanda Insights.Oil fell despite a surprise drop in US crude stockpiles in the week to feb. 12, before the big freeze. inventories fell by 7.3 million barrels to 461.8 million barrels, their lowest since march, the energy information administration reported on Thursday.The united states on thursday said it was ready to talk to iran about both nations returning to a 2015 agreement that aimed to prevent tehran from acquiring nuclear weapons.while the thawing relations could raise the prospect of reversing sanctions imposed by the previous US administration, analysts did not expect iranian oil sanctions to be lifted any time soon.this breakthrough increases the probability that we may see iran returning to the oil market soon, although there is much to be discussed and a new deal will not be a carbon-copy of the 2015 nuclear deal, said StoneX analyst kevin solomon.']",['https://www.brecorder.com/news/40066053/oil-extends-losses-as-texas-prepares-to-ramp-up-output'],"['brent, , ']",['oil prices fell'],['neg'],108.6,[-5.33],-5.33,3,-3,-3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""While the EMA55_Signal indicates a strong buy signal, the overall news sentiment is significantly negative. In such conflicting situations, it's advisable to refrain from the market and avoid taking positions until a clearer market direction emerges.""
}"
2/23/2021,"['Stocks struggle as tech slide erases commodities surge', 'Oil prices jump more than $1 as US output struggles to fully restart']","['stocks struggle as tech slide erases commodities surge', 'oil prices jump more than $1 as US output struggles to fully restart']","['Business Recorder', 'Business Recorder']","['MILAN: World shares struggled on Tuesday as a rally in commodity-related assets gave in to pressure on heavily weighed tech stocks and investors awaited reassurance from US Federal Reserve Chair Jerome Powell on the path for monetary policy in United States.European tech stocks were on set for their worst day in four months, down 2.7%, and futures on the Nasdaq fell 1.5% after losses in stocks like Apple and Tesla dragged the index down 2.5% on Monday.""The prospect of a less dovish tone from central banks, sparked by rising inflation, is causing stock traders to reduce their exposure to equities, especially overbought sectors like tech,"" said Pierre Veyret, analyst at ActivTrades in London.The MSCI world equity benchmark fell 0.1% to fresh two-week lows by 1138 GMT, having earlier risen on gains in commodity-heavy equity indexes in Asia. S&P 500 futures also fell, and were last down 0.5%.Tesla shares were set to plunge into the red for the year, hit by a fall of bitcoin, in which the electric carmaker recently invested $1.5 billion.The level of angst was also reflected in equity volatility gauges which rose to multi-week highs, while on bond markets German and US yields moved in different directions, even though both remained just below the highs hit on Monday.After being knocked off from eight-month high by European Central Bank chief Christine Lagarde signalling discomfort with the recent surge in yields, 10-year Bund yields resumed their upward trend and were last at -0.297%.Ten-year Treasury yields were steady below Monday\'s one-year high of 1.394% and were last at 1.370%.Fed Chair Powell is expected to be equally reassuring on the central bank\'s dovish stance when he gives his congressional testimony at 1500 GMT in Washington.""If there were already any expectations that Powell could try to calm down rates, then (Lagarde\'s remarks) have just further cemented them,"" said Giuseppe Sersale, strategist and fund manager at Anthilia in Milan.Commodity prices strengthened again.Oil prices jumped by more than $1 at one point, underpinned by optimism over COVID-19 vaccine rollouts and lower output as US supplies were slow to return after a deep freeze in Texas shut in crude production last week.Brent crude was last up 0.7% at $65.7 a barrel after earlier hitting a fresh 13-month high of $66.79, while US crude rose 0.8% to $62.17 a barrel.""Oil has been caught up in the broader commodities move higher, with a weaker USD proving constructive for the complex,"" ING strategists led by Warren Patterson said in a note.""Meanwhile, there is also a growing view that the oil market is looking increasingly tight over the remainder of the year"".Copper prices meanwhile hit a 9-1/2-year high as tight supply and solid demand from top consumer China boosted sentiment.In currency markets, the dollar briefly dropped to its lowest since Jan. 13 ahead of Powell\'s testimony, while commodity-linked currencies hovered near multi-year highs.The dollar index was up 0.1% at 90.137, with the euro flat at $1.215.Bitcoin fell as much as 17%, sparking a sell-off across cryptocurrency markets as investors grew nervous at sky-high valuations.', 'SINGAPORE: Oil prices jumped by more than $1 on Tuesday, underpinned by optimism over COVID-19 vaccine rollouts and lower output as US supplies were slow to return after a deep freeze in Texas shut in crude production last week.Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources said.Brent crude was up $1.10, or 1.7%, at $66.34 a barrel by 0437 GMT, after earlier hitting a high of $66.79. US crude rose 92 cents, or 1.5%, to $62.62 a barrel, having reached a session high of $63. Both benchmarks have risen more than 2% on Tuesday after climbing nearly 4% in the previous session.""The positive momentum continues in the oil complex, with investors unabashedly predisposed to a bullish view,"" said Stephen Innes, chief global markets strategist at Axi in a note.Goldman Sachs Commodities Research raised its Brent crude oil price forecasts by $10 for the second and third quarters of 2021, citing lower expected inventories, higher marginal costs to restart upstream activity and speculative inflows.The Wall Street bank expects Brent prices to reach $70 per barrel in the second quarter from the $60 it predicted previously and $75 in the third quarter from $65 earlier.Morgan Stanley expects Brent crude prices to climb to $70 per barrel in the third quarter on ""signs of a much improved market"" including prospects of a pick-up in demand.""It is hard not to be bullish with oil prices now that the deep freeze disruption practically guarantees the summer pickup in crude demand will erase whatever supply glut is left,"" said Edward Moya, senior market analyst at OANDA in New York.""The global oil demand is looking a lot better now that the Pfizer vaccine shows positive results after one dose, the U.K. sees the end of the pandemic \'in sight\', and as hospitalizations and deaths continue to decline after peaking in early January.""Stockpiles of US crude oil and refined products likely declined last week, a preliminary Reuters poll showed on Monday, due to the disruption in Texas.']","['MILAN world shares struggled on tuesday as a rally in commodity-related assets gave in to pressure on heavily weighed tech stocks and investors awaited reassurance from US federal reserve chair jerome powell on the path for monetary policy in united States.European tech stocks were on set for their worst day in four months, down 2.7%, and futures on the nasdaq fell 1.5% after losses in stocks like apple and tesla dragged the index down 2.5% on Monday.""The prospect of a less dovish tone from central banks, sparked by rising inflation, is causing stock traders to reduce their exposure to equities, especially overbought sectors like tech,"" said pierre veyret, analyst at ActivTrades in London.The MSCI world equity benchmark fell 0.1% to fresh two-week lows by 1138 GMT, having earlier risen on gains in commodity-heavy equity indexes in asia. S&P 500 futures also fell, and were last down 0.5%.tesla shares were set to plunge into the red for the year, hit by a fall of bitcoin, in which the electric carmaker recently invested $1.5 billion.the level of angst was also reflected in equity volatility gauges which rose to multi-week highs, while on bond markets german and US yields moved in different directions, even though both remained just below the highs hit on Monday.After being knocked off from eight-month high by european central bank chief christine lagarde signalling discomfort with the recent surge in yields, 10-year bund yields resumed their upward trend and were last at -0.297%.Ten-year treasury yields were steady below monday one-year high of 1.394% and were last at 1.370%.fed chair powell is expected to be equally reassuring on the central bank dovish stance when he gives his congressional testimony at 1500 GMT in Washington.""If there were already any expectations that powell could try to calm down rates, then (Lagarde remarks) have just further cemented them,"" said giuseppe sersale, strategist and fund manager at anthilia in Milan.Commodity prices strengthened again.oil prices jumped by more than $1 at one point, underpinned by optimism over COVID-19 vaccine rollouts and lower output as US supplies were slow to return after a deep freeze in texas shut in crude production last week.brent crude was last up 0.7% at $65.7 a barrel after earlier hitting a fresh 13-month high of $66.79, while US crude rose 0.8% to $62.17 a barrel.""oil has been caught up in the broader commodities move higher, with a weaker USD proving constructive for the complex,"" ING strategists led by warren patterson said in a note.""meanwhile, there is also a growing view that the oil market is looking increasingly tight over the remainder of the year"".copper prices meanwhile hit a 9-1/2-year high as tight supply and solid demand from top consumer china boosted sentiment.in currency markets, the dollar briefly dropped to its lowest since jan. 13 ahead of powell testimony, while commodity-linked currencies hovered near multi-year highs.the dollar index was up 0.1% at 90.137, with the euro flat at $1.215.bitcoin fell as much as 17%, sparking a sell-off across cryptocurrency markets as investors grew nervous at sky-high valuations.', 'SINGAPORE oil prices jumped by more than $1 on tuesday, underpinned by optimism over COVID-19 vaccine rollouts and lower output as US supplies were slow to return after a deep freeze in texas shut in crude production last week.shale oil producers in the southern united states could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources said.brent crude was up $1.10, or 1.7%, at $66.34 a barrel by 0437 GMT, after earlier hitting a high of $66.79. US crude rose 92 cents, or 1.5%, to $62.62 a barrel, having reached a session high of $63. both benchmarks have risen more than 2% on tuesday after climbing nearly 4% in the previous session.""the positive momentum continues in the oil complex, with investors unabashedly predisposed to a bullish view,"" said stephen innes, chief global markets strategist at axi in a note.goldman sachs commodities research raised its brent crude oil price forecasts by $10 for the second and third quarters of 2021, citing lower expected inventories, higher marginal costs to restart upstream activity and speculative inflows.the wall street bank expects brent prices to reach $70 per barrel in the second quarter from the $60 it predicted previously and $75 in the third quarter from $65 earlier.morgan stanley expects brent crude prices to climb to $70 per barrel in the third quarter on ""signs of a much improved market"" including prospects of a pick-up in demand.""it is hard not to be bullish with oil prices now that the deep freeze disruption practically guarantees the summer pickup in crude demand will erase whatever supply glut is left,"" said edward moya, senior market analyst at OANDA in new York.""The global oil demand is looking a lot better now that the pfizer vaccine shows positive results after one dose, the U.K. sees the end of the pandemic \'in sight\', and as hospitalizations and deaths continue to decline after peaking in early January.""Stockpiles of US crude oil and refined products likely declined last week, a preliminary reuters poll showed on monday, due to the disruption in texas.']","['https://www.brecorder.com/news/40067143/stocks-struggle-as-tech-slide-erases-commodities-surge', 'https://www.brecorder.com/news/40067060/oil-prices-jump-more-than-1-as-us-output-struggles-to-fully-restart']","['brent, , ']","['oil prices jumped', 'oil prices jumped']","['pos', 'pos']",109.65,"[5.65, 5.65]",5.65,3,-3,-3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Despite the positive news impact, the presence of conflicting signals from the technical analysis warrants a cautious approach. Therefore, investors are advised to refrain from entering the market at this time.""
}"
2/24/2021,"['US crude output, refining use slump on Texas storms: EIA', 'Oil prices drop on surprise build in US crude stocks']","['US crude output, refining use slump on texas storms EIA', 'oil prices drop on surprise build in US crude stocks']","['Business Recorder', 'Business Recorder']","['US crude oil production dropped by more than 1 million barrels per day last week during Texas\'s deep freeze, equalling the largest weekly fall ever, and refining use also fell dramatically, the Energy Information Administration said on Wednesday.Overall output fell by 1.1 million bpd to 9.7 million bpd in the week to Feb. 19, the EIA said, as the brutal cold forced most of the state\'s power grid offline, and oil operators and refiners were forced to shut as components and pipelines froze. Some analysts had estimated far higher figures for production declines.Refinery crude runs fell by 2.6 million bpd in the week, EIA said, and refinery utilization rates fell by 14.5% in the week as numerous facilities along the Gulf Coast shut in. Many of those operations are now restarting, though analysts say it will take a few weeks before both refining and production reaches pre-storm levels.""It\'s my understanding as I\'ve talked to CEOs and operators that most folks are back online,"" said Ben Shepperd, president of the Permian Basin Petroleum Association.Crude inventories rose by 1.3 million barrels in the week to 463 million barrels, compared with analysts\' expectations in a Reuters poll for a 5.2 million-barrel drop.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.8 million barrels, and net US crude imports rose by 249,000 bpd, the EIA said.US gasoline stocks rose by 12,000 barrels to 257.1 million barrels, compared with expectations for a 3.1 million-barrel drop.?Distillate stockpiles, which include diesel and heating oil, fell by 5 million barrels in the week to 152.7 million barrels, versus expectations for a 3.7 million-barrel drop, the EIA data showed.', 'MELBOURNE/SINGAPORE: Oil prices fell on Wednesday after industry data showed a surprise build in US crude stocks last week as a deep freeze in the southern states curbed demand from refineries that were forced to shut.Crude stockpiles rose by 1 million barrels in the week to Feb. 19, the American Petroleum Institute (API) reported on Tuesday, against estimates for a draw of 5.2 million barrels in a Reuters poll.API data showed refinery crude runs fell by 2.2 million bpd.US West Texas Intermediate (WTI) crude futures were down 56 cents or 0.9% at $61.11 a barrel at 0506 GMT, after slipping 3 cents on Tuesday.Brent crude futures fell 35 cents, or 0.5%, to $65.02 a barrel, erasing Tuesday\'s 13 cents gain.But Brent may rise into a range of $66.45-$66.97 per barrel again, as suggested by its wave pattern and a projection analysis, said Reuters technical analyst Wang Tao.""The key question is how quickly does US oil supply recover,"" Commonwealth Bank analyst Vivek Dhar said.""It looks like supply will recover faster than refineries, and supply is going to outpace demand in the next few weeks. That will give negative weight to the market.""Investors will be awaiting confirmation from the US Energy Information Administration later on Wednesday that crude inventories rose last week, despite the hit to shale oil production amid the unprecedented icy spell in the US south.Traffic at the Houston ship channel was slowly coming back to normal but terminals were still facing several issues due to last week\'s freezing weather in Texas.The price retreat is being seen as a pause following a rally of more than 26% to 13-month highs in both Brent and WTI since the start of the year.""This rally has certainly overshot itself... We are at levels much higher than pre-Covid and demand nowhere near those levels,"" said Sukrit Vijayakar, director of energy consultancy Trifecta.Prices have jumped due to the US supply disruption and supply discipline by the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, led by an extra 1 million bpd cut by Saudi Arabia.']","['US crude oil production dropped by more than 1 million barrels per day last week during texas deep freeze, equalling the largest weekly fall ever, and refining use also fell dramatically, the energy information administration said on Wednesday.Overall output fell by 1.1 million bpd to 9.7 million bpd in the week to feb. 19, the EIA said, as the brutal cold forced most of the state power grid offline, and oil operators and refiners were forced to shut as components and pipelines froze. some analysts had estimated far higher figures for production declines.refinery crude runs fell by 2.6 million bpd in the week, EIA said, and refinery utilization rates fell by 14.5% in the week as numerous facilities along the gulf coast shut in. many of those operations are now restarting, though analysts say it will take a few weeks before both refining and production reaches pre-storm levels.""it my understanding as I have talked to CEOs and operators that most folks are back online,"" said ben shepperd, president of the permian basin petroleum Association.Crude inventories rose by 1.3 million barrels in the week to 463 million barrels, compared with analysts\' expectations in a reuters poll for a 5.2 million-barrel drop.crude stocks at the cushing, oklahoma, delivery hub rose by 2.8 million barrels, and net US crude imports rose by 249,000 bpd, the EIA said.US gasoline stocks rose by 12,000 barrels to 257.1 million barrels, compared with expectations for a 3.1 million-barrel drop.?distillate stockpiles, which include diesel and heating oil, fell by 5 million barrels in the week to 152.7 million barrels, versus expectations for a 3.7 million-barrel drop, the EIA data showed.', 'MELBOURNE/SINGAPORE oil prices fell on wednesday after industry data showed a surprise build in US crude stocks last week as a deep freeze in the southern states curbed demand from refineries that were forced to shut.crude stockpiles rose by 1 million barrels in the week to feb. 19, the american petroleum institute (API) reported on tuesday, against estimates for a draw of 5.2 million barrels in a reuters poll.API data showed refinery crude runs fell by 2.2 million bpd.US west texas intermediate (WTI) crude futures were down 56 cents or 0.9% at $61.11 a barrel at 0506 GMT, after slipping 3 cents on Tuesday.Brent crude futures fell 35 cents, or 0.5%, to $65.02 a barrel, erasing tuesday 13 cents gain.but brent may rise into a range of $66.45-$66.97 per barrel again, as suggested by its wave pattern and a projection analysis, said reuters technical analyst wang Tao.""The key question is how quickly does US oil supply recover,"" commonwealth bank analyst vivek dhar said.""it looks like supply will recover faster than refineries, and supply is going to outpace demand in the next few weeks. that will give negative weight to the market.""investors will be awaiting confirmation from the US energy information administration later on wednesday that crude inventories rose last week, despite the hit to shale oil production amid the unprecedented icy spell in the US south.traffic at the houston ship channel was slowly coming back to normal but terminals were still facing several issues due to last week freezing weather in Texas.The price retreat is being seen as a pause following a rally of more than 26% to 13-month highs in both brent and WTI since the start of the year.""this rally has certainly overshot itself. we are at levels much higher than pre-Covid and demand nowhere near those levels,"" said sukrit vijayakar, director of energy consultancy Trifecta.Prices have jumped due to the US supply disruption and supply discipline by the organization of the petroleum exporting countries and allies, together called OPEC+, led by an extra 1 million bpd cut by saudi arabia.']","['https://www.brecorder.com/news/40067716/us-crude-output-refining-use-slump-on-texas-storms-eia', 'https://www.brecorder.com/news/40067523/oil-prices-drop-on-surprise-build-in-us-crude-stocks']","['brent, , ', 'oil, gulf, ']","['US crude oil production dropped', 'oil prices fell']","['neg', 'neg']",107.51,"[-2.22, -5.33]",-3.77,3,-3,-3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""The technical indicators provide mixed signals with EMA55 suggesting a buy, while EMA9 and MACD suggest sell signals. Additionally, the overall news sentiment is significantly negative. Given the mixed signals and negative news impact, it is advisable to refrain from entering the market and avoid making any new trades until there is more clarity.""
}"
2/25/2021,"['Global share rally, rising oil prices buoy Gulf bourses']","['global share rally, rising oil prices buoy gulf bourses']",['Business Recorder'],"[""Major stock markets in the Middle East registered sharp gains on Thursday, tracking a rise in global equities and a recovery in oil prices, with Qatar outperforming the region.Brent oil climbed to a 13-month high of $67.30, after US government data on Wednesday showed a drop in crude output as a deep freeze in Texas disrupted production last week.Saudi Arabia's benchmark share index rose 0.9%, with Al Rajhi Bank rising 2% and Saudi Telecom Company climbing 3.3%.The kingdom raised 1.5 billion euros ($1.83 billion) on Wednesday in a two-tranche bond deal after receiving orders for more than 3.75 billion euros, a document showed.Potentially weighing on Saudi stocks in coming days is a declassified version of a US intelligence report expected to be released later on Thursday, which found that Saudi Crown Prince Mohammed bin Salman approved the 2018 killing of journalist Jamal Khashoggi, Reuters reported, citing four US officials familiar with the matter.On Wednesday, US President Joe Biden told reporters that he had read the report and expected to speak soon by phone with Saudi Arabian King Salman, father of the crown prince.Dubai's main share index added 0.8%, buoyed by a 2.3% gain in Emirates NBD Bank and a 5.4% surge in DAMAC Properties.In Abu Dhabi, however, the index traded flat as gains in Abu Dhabi Islamic Bank were offset by losses in the country's largest lender First Abu Dhabi Bank.The Qatari index advanced 1.7%, snapping a six-day losing streak, boosted by a 2.7% gain in petrochemical maker Industries Qatar.Outside the Gulf, Egypt's blue-chip index finished 1.6% higher, led by a 1.7% gain in top lender Commercial International Bank.""]","['major stock markets in the middle east registered sharp gains on thursday, tracking a rise in global equities and a recovery in oil prices, with qatar outperforming the region.brent oil climbed to a 13-month high of $67.30, after US government data on wednesday showed a drop in crude output as a deep freeze in texas disrupted production last week.saudi arabia benchmark share index rose 0.9%, with al rajhi bank rising 2% and saudi telecom company climbing 3.3%.the kingdom raised 1.5 billion euros ($1.83 billion) on wednesday in a two-tranche bond deal after receiving orders for more than 3.75 billion euros, a document showed.potentially weighing on saudi stocks in coming days is a declassified version of a US intelligence report expected to be released later on thursday, which found that saudi crown prince mohammed bin salman approved the 2018 killing of journalist jamal khashoggi, reuters reported, citing four US officials familiar with the matter.on wednesday, US president joe biden told reporters that he had read the report and expected to speak soon by phone with saudi arabian king salman, father of the crown prince.dubai main share index added 0.8%, buoyed by a 2.3% gain in emirates NBD bank and a 5.4% surge in DAMAC Properties.In abu dhabi, however, the index traded flat as gains in abu dhabi islamic bank were offset by losses in the country largest lender first abu dhabi Bank.The qatari index advanced 1.7%, snapping a six-day losing streak, boosted by a 2.7% gain in petrochemical maker industries Qatar.Outside the gulf, egypt blue-chip index finished 1.6% higher, led by a 1.7% gain in top lender commercial international bank.']",['https://www.brecorder.com/news/40068048/global-share-rally-rising-oil-prices-buoy-gulf-bourses'],"['brent, , ']",['recovery in oil prices'],['pos'],108.32,[2.63],2.63,3,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""Both the overall news sentiment and market signal are moderately positive, suggesting a stable market condition. Hence, we recommend holding the position and monitoring the market closely for any significant changes in sentiment.""
}"
2/26/2021,"['Oil drops on dollar strength and OPEC+ supply expectations', 'Oil drops on dollar strength, OPEC+ supply expectations', 'Asian markets roiled by global bond whiplash', 'Oil prices drop amid US dollar strength, expectations for supply gains', 'Oil drops on dollar strength and OPEC+ supply expectations']","['oil drops on dollar strength and OPEC+ supply expectations', 'oil drops on dollar strength, OPEC+ supply expectations', 'asian markets roiled by global bond whiplash', 'oil prices drop amid US dollar strength, expectations for supply gains', 'oil drops on dollar strength and OPEC+ supply expectations']","['Business Recorder', 'Tribune', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['LONDON: Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels.Brent crude futures for April, which expire on Friday, fell 99 cents, or 1.4%, to $65.89 a barrel by 1203 GMT. The more actively traded May contract slipped by $1.19 to $64.92.US West Texas Intermediate (WTI) crude futures dropped $1.27, or 2%, to $62.26.A sell-off in bond markets lifted the US dollar, making dollar-priced oil more expensive for holders of other currencies.Friday\'s gains also reflect profit-taking after both Brent and WTI headed towards monthly gains of about 20% on supply disruptions in the United States and optimism over demand recovery on the back of COVID-19 vaccination programmes.Investors are betting that next week\'s meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, will result in more supply returning to the market.""Oil prices have gone too far and too fast. Brent is above pre-pandemic levels even though global oil demand is still playing catch-up,"" PVM analysts said.For all the talk of tightening fundamentals, the demand side of the market is nowhere near warranting current oil price leves, they added.US crude prices also face pressure from the loss of refinery demand after several Gulf Coast facilities were shuttered during the winter storm last week.Refining capacity of about 4 million barrels per day (bpd) is still shut and it could take until March 5 for all shut capacity to resume, though there is risk of delays, analysts at J.P. Morgan said in a note this week.', 'LONDON:Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels.Brent crude futures for April, which expire on Friday, fell $0.99, or 1.4%, to $65.89 a barrel by 1203 GMT. The more actively traded May contract slipped by $1.19 to $64.92.US West Texas Intermediate (WTI) crude futures dropped $1.27, or 2%, to $62.26.A sell-off in bond markets lifted the US dollar, making dollar-priced oil more expensive for holders of other currencies.Friday’s gains also reflect profit-taking after both Brent and WTI headed towards monthly gains of about 20% on supply disruptions in the United States and optimism over demand recovery on the back of Covid-19 vaccination programmes.Investors are betting that next week’s meeting of the Organisation of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, will result in more supply returning to the market. “Oil prices have gone too far and too fast. Brent is above pre-pandemic levels even though global oil demand is still playing catch-up,â€ÂÂ\x9d PVM analysts said.For all the talk of tightening fundamentals, the demand side of the market is nowhere near warranting current oil price levels, they added.US crude prices also face pressure from the loss of refinery demand after several Gulf Coast facilities were shuttered during the winter storm last week.Refining capacity of about 4 million barrels per day (bpd) is still shut and it could take until March 5 for all shut capacity to resume, though there is risk of delays, analysts at JP Morgan said in a note this week.', 'SYDNEY: Asian stocks fell by the most in nine months on Friday as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.In a sign the gloomy mood will reverberate across markets, European and US stock futures were a sea of red. Eurostoxx 50 futures lost 1.7% while futures for Germany\'s DAX and those for London\'s FTSE dropped 1.3% each.MSCI\'s broadest index of Asia-Pacific shares outside Japan slid more than 3% to a one-month low, its steepest one-day percentage loss since May 2020.For the week the index is down more than 5%, its worst weekly showing since March last year when the coronavirus pandemic had sparked fears of a global recession.Friday\'s carnage was triggered by a whiplash in bonds.The scale of the sell-off prompted Australia\'s central bank to launch a surprise bond buying operation to try and staunch the bleeding.Yields on the 10-year Treasury note eased back to 1.538% from a one-year high of 1.614%, but were still up a startling 40 basis points for the month in the biggest move since 2016.""Bond yields could still go higher in the short term though as bond selling begets more bond selling,"" said Shane Oliver, head of investment strategy at AMP.""The longer this continues the greater the risk of a more severe correction in share markets if earnings upgrades struggle to keep up with the rise in bond yields.""Markets were hedging the risk of an earlier rate hike from the Federal Reserve, even though officials this week vowed any move was long in the future.Fed fund futures are now almost fully priced for a rise to 0.25% by January 2023, while Eurodollars have it discounted for June 2022.Even the thought of an eventual end to super-cheap money sent shivers through global stock markets, which have been regularly hitting record highs and stretching valuations.""The fixed income rout is shifting into a more lethal phase for risky assets,"" says Damien McColough, Westpac\'s head of rates strategy.""The rise in yields has long been mostly seen as a story of improving growth expectations, if anything padding risky assets, but the overnight move notably included a steep lift in real rates and a bringing forward of Fed lift-off expectations.""Japan\'s Nikkei shed 3.7% and Chinese blue chips joined the retreat with a drop of 2.5%.EMERGING STRAINSOvernight, the Dow fell 1.75%, while the S&P 500 lost 2.45% and the Nasdaq 3.52%, the biggest decline in almost four months for the tech-heavy index.Tech darlings all suffered, with Apple Inc, Tesla Inc, Amazon.com Inc, NVIDIA Corp and Microsoft Corp the biggest drags.All of that elevated the importance of US personal consumption data due later on Friday, which includes one of the Fed\'s favoured inflation measures.Core inflation is actually expected to dip to 1.4% in January, which could help calm market angst, but any upside surprise would likely accelerate the bond rout.The surge in Treasury yields also caused ructions in emerging markets, which feared the better returns on offer in the United States might attract funds away.Currencies favoured for leveraged carry trades all suffered, including the Brazil real, Turkish lira and South African rand.The flows helped nudge the US dollar up more broadly, with the dollar index rising to 90.371. It also gained on the low-yielding yen, briefly reaching the highest since September at 106.42. The euro eased a touch to $1.2152.However, analysts at ANZ were more bullish on the outlook.""We now expect US inflation to hit 2.5% this year,"" they said in a note. ""Combined with further depreciation in the US dollar, we see gold\'s fair value at $2,000/oz in the second half of the year.""Oil prices dropped on a higher dollar and expectations of more supply.US crude fell 67 cents to $62.86 per barrel and Brent also lost 67 cents to $66.21.', 'SINGAPORE: Oil prices dropped on Friday as a collapse in bond prices led to gains in the US dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market.US West Texas Intermediate (WTI) crude futures dropped 72 cents, or 1.1%, to $62.81 a barrel at 0516 GMT, giving up all of Thursday\'s gains.Brent crude futures for April, which expires on Friday, fell 63 cents, or 0.9%, to $66.25 a barrel, following a 16 cent loss on Thursday. The more active May contract was down 77 cents, or 1.2%, to $65.34 a barrel.""Crude oil retreated modestly from recent highs amid a \'risk off\' sentiment as Asia-Pacific equities pulled back broadly following a sour lead from Wall Street,"" said Margaret Yang, a strategist at Singapore-based DailyFX.The sell-off in bond markets, leading to a stronger US dollar and rising yields, are weighing on commodities, which are non-yielding, she added.A stronger greenback makes US-dollar priced oil more expensive for those buying crude in other currencies.Despite the drop in prices on Friday, both Brent and WTI are on track for gains of nearly 20% this month, as markets have grappled with supply disruptions in the United States, while optimism has built for demand to improve with vaccine rollouts.Investors are betting that next week\'s meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, will result in more supply returning to the market.""The stakes at play this time around are particularly large (for OPEC+) insofar as oil prices have more than recovered to pre-pandemic levels, global inventories are continuing to trend down, and vaccine rollouts are accelerating,"" said Lachlan Shaw, National Australia Bank\'s head of commodity research.""The market\'s probably right to think at this price level and given what the fundamentals are doing, there\'ll be more supply coming into the market over time.""US crude prices also face headwinds from the loss of refinery demand after several Gulf Coast facilities were shuttered during the winter storm last week.Capacity of about 4 million barrels per day is still shut and it may take until March 5 for all of the shut capacity to resume, though there is risk of delays, analysts at J.P. Morgan said in a note this week.', 'LONDON: Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels.Brent crude futures for April, which expire on Friday, fell 69 cents, or 1%, to $66.19 a barrel by 1442 GMT. The more actively traded May contract slipped by 80 cents to $65.31.US West Texas Intermediate (WTI) crude futures dropped $1.00, or 1.5%, to $62.53.A sell-off in bond markets lifted the US dollar, making dollar-priced oil more expensive for holders of other currencies.Friday\'s gains also reflect profit-taking after both Brent and WTI headed towards monthly gains of about 20% on supply disruptions in the United States and optimism over demand recovery on the back of COVID-19 vaccination programmes.Investors are betting that next week\'s meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, will result in more supply returning to the market.""Oil prices have gone too far and too fast. Brent is above pre-pandemic levels even though global oil demand is still playing catch-up,"" PVM analysts said.For all the talk of tightening fundamentals, the demand side of the market is nowhere near warranting current oil price leves, they added.US crude prices also face pressure from the loss of refinery demand after several Gulf Coast facilities were shuttered during the winter storm last week.Refining capacity of about 4 million barrels per day (bpd) is still shut and it could take until March 5 for all shut capacity to resume, though there is risk of delays, analysts at J.P. Morgan said in a note this week.']","['LONDON oil prices fell on friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels.brent crude futures for april, which expire on friday, fell 99 cents, or 1.4%, to $65.89 a barrel by 1203 GMT. the more actively traded may contract slipped by $1.19 to $64.92.US west texas intermediate (WTI) crude futures dropped $1.27, or 2%, to $62.26.A sell-off in bond markets lifted the US dollar, making dollar-priced oil more expensive for holders of other currencies.friday gains also reflect profit-taking after both brent and WTI headed towards monthly gains of about 20% on supply disruptions in the united states and optimism over demand recovery on the back of COVID-19 vaccination programmes.investors are betting that next week meeting of the organization of the petroleum exporting countries (OPEC) and allies, a group known as OPEC+, will result in more supply returning to the market.""oil prices have gone too far and too fast. brent is above pre-pandemic levels even though global oil demand is still playing catch-up,"" PVM analysts said.for all the talk of tightening fundamentals, the demand side of the market is nowhere near warranting current oil price leves, they added.US crude prices also face pressure from the loss of refinery demand after several gulf coast facilities were shuttered during the winter storm last week.refining capacity of about 4 million barrels per day (bpd) is still shut and it could take until march 5 for all shut capacity to resume, though there is risk of delays, analysts at J.P. morgan said in a note this week.', 'LONDON oil prices fell on friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels.brent crude futures for april, which expire on friday, fell $0.99, or 1.4%, to $65.89 a barrel by 1203 GMT. the more actively traded may contract slipped by $1.19 to $64.92.US west texas intermediate (WTI) crude futures dropped $1.27, or 2%, to $62.26.A sell-off in bond markets lifted the US dollar, making dollar-priced oil more expensive for holders of other currencies.fridays gains also reflect profit-taking after both brent and WTI headed towards monthly gains of about 20% on supply disruptions in the united states and optimism over demand recovery on the back of Covid-19 vaccination programmes.investors are betting that next weeks meeting of the organisation of the petroleum exporting countries (OPEC) and allies, a group known as OPEC+, will result in more supply returning to the market. oil prices have gone too far and too fast. brent is above pre-pandemic levels even though global oil demand is still playing catch-up, PVM analysts said.for all the talk of tightening fundamentals, the demand side of the market is nowhere near warranting current oil price levels, they added.US crude prices also face pressure from the loss of refinery demand after several gulf coast facilities were shuttered during the winter storm last week.refining capacity of about 4 million barrels per day (bpd) is still shut and it could take until march 5 for all shut capacity to resume, though there is risk of delays, analysts at JP morgan said in a note this week.', 'SYDNEY asian stocks fell by the most in nine months on friday as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.in a sign the gloomy mood will reverberate across markets, european and US stock futures were a sea of red. eurostoxx 50 futures lost 1.7% while futures for germany DAX and those for london FTSE dropped 1.3% each.MSCI broadest index of Asia-Pacific shares outside japan slid more than 3% to a one-month low, its steepest one-day percentage loss since may 2020.for the week the index is down more than 5%, its worst weekly showing since march last year when the coronavirus pandemic had sparked fears of a global recession.friday carnage was triggered by a whiplash in bonds.the scale of the sell-off prompted australia central bank to launch a surprise bond buying operation to try and staunch the bleeding.yields on the 10-year treasury note eased back to 1.538% from a one-year high of 1.614%, but were still up a startling 40 basis points for the month in the biggest move since 2016.""bond yields could still go higher in the short term though as bond selling begets more bond selling,"" said shane oliver, head of investment strategy at AMP.""The longer this continues the greater the risk of a more severe correction in share markets if earnings upgrades struggle to keep up with the rise in bond yields.""markets were hedging the risk of an earlier rate hike from the federal reserve, even though officials this week vowed any move was long in the future.fed fund futures are now almost fully priced for a rise to 0.25% by january 2023, while eurodollars have it discounted for june 2022.even the thought of an eventual end to super-cheap money sent shivers through global stock markets, which have been regularly hitting record highs and stretching valuations.""the fixed income rout is shifting into a more lethal phase for risky assets,"" says damien McColough, westpac head of rates strategy.""the rise in yields has long been mostly seen as a story of improving growth expectations, if anything padding risky assets, but the overnight move notably included a steep lift in real rates and a bringing forward of fed lift-off expectations.""japan nikkei shed 3.7% and chinese blue chips joined the retreat with a drop of 2.5%.EMERGING STRAINSOvernight, the dow fell 1.75%, while the S&P 500 lost 2.45% and the nasdaq 3.52%, the biggest decline in almost four months for the tech-heavy index.tech darlings all suffered, with apple inc, tesla inc, amazon.com inc, NVIDIA corp and microsoft corp the biggest drags.all of that elevated the importance of US personal consumption data due later on friday, which includes one of the fed favoured inflation measures.core inflation is actually expected to dip to 1.4% in january, which could help calm market angst, but any upside surprise would likely accelerate the bond rout.the surge in treasury yields also caused ructions in emerging markets, which feared the better returns on offer in the united states might attract funds away.currencies favoured for leveraged carry trades all suffered, including the brazil real, turkish lira and south african rand.the flows helped nudge the US dollar up more broadly, with the dollar index rising to 90.371. it also gained on the low-yielding yen, briefly reaching the highest since september at 106.42. the euro eased a touch to $1.2152.however, analysts at ANZ were more bullish on the outlook.""we now expect US inflation to hit 2.5% this year,"" they said in a note. ""combined with further depreciation in the US dollar, we see gold fair value at $2,000/oz in the second half of the year.""oil prices dropped on a higher dollar and expectations of more supply.US crude fell 67 cents to $62.86 per barrel and brent also lost 67 cents to $66.21.', 'SINGAPORE oil prices dropped on friday as a collapse in bond prices led to gains in the US dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market.US west texas intermediate (WTI) crude futures dropped 72 cents, or 1.1%, to $62.81 a barrel at 0516 GMT, giving up all of thursday gains.brent crude futures for april, which expires on friday, fell 63 cents, or 0.9%, to $66.25 a barrel, following a 16 cent loss on thursday. the more active may contract was down 77 cents, or 1.2%, to $65.34 a barrel.""crude oil retreated modestly from recent highs amid a \'risk off\' sentiment as Asia-Pacific equities pulled back broadly following a sour lead from wall street,"" said margaret yang, a strategist at Singapore-based DailyFX.The sell-off in bond markets, leading to a stronger US dollar and rising yields, are weighing on commodities, which are non-yielding, she added.a stronger greenback makes US-dollar priced oil more expensive for those buying crude in other currencies.despite the drop in prices on friday, both brent and WTI are on track for gains of nearly 20% this month, as markets have grappled with supply disruptions in the united states, while optimism has built for demand to improve with vaccine rollouts.investors are betting that next week meeting of the organization of the petroleum exporting countries (OPEC) and allies, together called OPEC+, will result in more supply returning to the market.""the stakes at play this time around are particularly large (for OPEC+) insofar as oil prices have more than recovered to pre-pandemic levels, global inventories are continuing to trend down, and vaccine rollouts are accelerating,"" said lachlan shaw, national australia bank head of commodity research.""the market probably right to think at this price level and given what the fundamentals are doing, there will be more supply coming into the market over time.""US crude prices also face headwinds from the loss of refinery demand after several gulf coast facilities were shuttered during the winter storm last week.capacity of about 4 million barrels per day is still shut and it may take until march 5 for all of the shut capacity to resume, though there is risk of delays, analysts at J.P. morgan said in a note this week.', 'LONDON oil prices fell on friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels.brent crude futures for april, which expire on friday, fell 69 cents, or 1%, to $66.19 a barrel by 1442 GMT. the more actively traded may contract slipped by 80 cents to $65.31.US west texas intermediate (WTI) crude futures dropped $1.00, or 1.5%, to $62.53.A sell-off in bond markets lifted the US dollar, making dollar-priced oil more expensive for holders of other currencies.friday gains also reflect profit-taking after both brent and WTI headed towards monthly gains of about 20% on supply disruptions in the united states and optimism over demand recovery on the back of COVID-19 vaccination programmes.investors are betting that next week meeting of the organization of the petroleum exporting countries (OPEC) and allies, a group known as OPEC+, will result in more supply returning to the market.""oil prices have gone too far and too fast. brent is above pre-pandemic levels even though global oil demand is still playing catch-up,"" PVM analysts said.for all the talk of tightening fundamentals, the demand side of the market is nowhere near warranting current oil price leves, they added.US crude prices also face pressure from the loss of refinery demand after several gulf coast facilities were shuttered during the winter storm last week.refining capacity of about 4 million barrels per day (bpd) is still shut and it could take until march 5 for all shut capacity to resume, though there is risk of delays, analysts at J.P. morgan said in a note this week.']","['https://www.brecorder.com/news/40068297/oil-drops-on-dollar-strength-and-opec-supply-expectations', 'https://tribune.com.pk/story/2286461/oil-drops-on-dollar-strength-opec-supply-expectations', 'https://www.brecorder.com/news/40068258/asian-markets-roiled-by-global-bond-whiplash', 'https://www.brecorder.com/news/40068266/oil-prices-drop-amid-us-dollar-strength-expectations-for-supply-gains', 'https://www.brecorder.com/news/40068345/oil-drops-on-dollar-strength-and-opec-supply-expectations']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices dropped', 'oil prices dropped', 'oil prices fell']","['neg', 'neg', 'neg', 'neg', 'neg']",104.72,"[-5.33, -5.33, -1.61, -1.61, -5.33]",-3.84,-2,0,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a significantly negative outlook. Therefore, we recommend refraining from taking any position in the market to mitigate potential risks.""
}"
3/1/2021,['Oil drops on dollar strength and OPEC+ supply expectations'],['oil drops on dollar strength and OPEC+ supply expectations'],['Business Recorder'],"['LONDON: Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels. Brent crude futures for April, which expire on Friday, fell 69 cents, or 1%, to $66.19 a barrel by 1442 GMT. The more actively traded May contract slipped by 80 cents to $65.31.US West Texas Intermediate (WTI) crude futures dropped $1.00, or 1.5%, to $62.53.A sell-off in bond markets lifted the US dollar, making dollar-priced oil more expensive for holders of other currencies.Friday\'s gains also reflect profit-taking after both Brent and WTI headed towards monthly gains of about 20% on supply disruptions in the United States and optimism over demand recovery on the back of COVID-19 vaccination programmes.Investors are betting that next week\'s meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, will result in more supply returning to the market.""Oil prices have gone too far and too fast. Brent is above pre-pandemic levels even though global oil demand is still playing catch-up,"" PVM analysts said.For all the talk of tightening fundamentals, the demand side of the market is nowhere near warranting current oil price levels, they added.US crude prices also face pressure from the loss of refinery demand after several Gulf Coast facilities were shuttered during the winter storm last week.Refining capacity of about 4 million barrels per day (bpd) is still shut and it could take until March 5 for all shut capacity to resume, though there is risk of delays, analysts at J.P. Morgan said in a note this week.']","['LONDON oil prices fell on friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels. brent crude futures for april, which expire on friday, fell 69 cents, or 1%, to $66.19 a barrel by 1442 GMT. the more actively traded may contract slipped by 80 cents to $65.31.US west texas intermediate (WTI) crude futures dropped $1.00, or 1.5%, to $62.53.A sell-off in bond markets lifted the US dollar, making dollar-priced oil more expensive for holders of other currencies.friday gains also reflect profit-taking after both brent and WTI headed towards monthly gains of about 20% on supply disruptions in the united states and optimism over demand recovery on the back of COVID-19 vaccination programmes.investors are betting that next week meeting of the organization of the petroleum exporting countries (OPEC) and allies, a group known as OPEC+, will result in more supply returning to the market.""oil prices have gone too far and too fast. brent is above pre-pandemic levels even though global oil demand is still playing catch-up,"" PVM analysts said.for all the talk of tightening fundamentals, the demand side of the market is nowhere near warranting current oil price levels, they added.US crude prices also face pressure from the loss of refinery demand after several gulf coast facilities were shuttered during the winter storm last week.refining capacity of about 4 million barrels per day (bpd) is still shut and it could take until march 5 for all shut capacity to resume, though there is risk of delays, analysts at J.P. morgan said in a note this week.']",['https://www.brecorder.com/news/40068474/oil-drops-on-dollar-strength-and-opec-supply-expectations'],"['brent, , ']",['oil prices fell'],['neg'],104.48,[-5.33],-5.33,-2,-1,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a significantly negative outlook. Therefore, we recommend refraining from taking any position in the market to mitigate potential risks.""
}"
3/2/2021,"['Oil slips on fears over higher OPEC supply, slower China demand', ""Asian shares fall amid China's asset-bubble warning"", 'Oil slips on fears over higher OPEC supply, slower China demand']","['oil slips on fears over higher OPEC supply, slower china demand', 'asian shares fall amid china asset-bubble warning', 'oil slips on fears over higher OPEC supply, slower china demand']","['Tribune', 'Business Recorder', 'Business Recorder']","['LONDON:Oil prices slipped on Tuesday as expectations that top producers would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing Chinese demand.Brent crude dropped $0.14, or 0.2%, to $63.55 a barrel by 1145 GMT, after losing 1.1% the previous day. US West Texas Intermediate (WTI) crude fell $0.02 to $60.62 a barrel, having lost 1.4% on Monday.They both touched the lowest in more than six days, extending losses that started late last week.Expectations that the Organisation of the Petroleum Exporting Countries and its allies, a group known as OPEC+, would boost oil output from April are pushing prices lower.“Amid expectations that OPEC+ will increase its output, the reason oil prices do not fall even more is that some production comeback is actually expected by traders already,â€ÂÂ\x9d said Bjornar Tonhaugen, Rystad Energy Head of Oil Markets.“The market understands that oil prices are healthy enough for more product to be unearthed, the wild card now is how much more product.â€ÂÂ\x9dThe group meets on Thursday and could discuss allowing as much as 1.5 million barrels per day (bpd) of crude back into the market.OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to reductions agreed to under the previous OPEC+ pact, a Reuters’ survey found, ending a run of seven consecutive monthly increases.Meanwhile, China’s factory activity growth slipped to a nine-month low in February, which may curtail Chinese crude demand and pressure oil prices while oil buying from the world’s top importer has already eased lately.“There are signs that the physical market is not as tight as futures markets suggest,â€ÂÂ\x9d ING Economics said in a note. “Chinese buying is reportedly easing, with demand expected to be weaker as we go into Q2 for refinery maintenance.â€ÂÂ\x9d', 'HONG KONG: Asia stocks dropped on Tuesday and European equity futures fell as a senior Chinese official expressed wariness about the risk of asset bubbles in foreign markets and a recent bond market sell-off still weighed on investor sentiment.European markets appeared set for a lower open with Euro Stoxx 50 futures down 0.38% and London\'s FTSE dropping 0.4%. Those of Germany\'s DAX fell 0.49%.MSCI\'s broadest index of Asia-Pacific shares outside Japan slipped 0.33%, giving up early gains. Japan\'s Nikkei was down 0.85% as some investors booked profits on defensive energy and utility shares before the end of the fiscal year this month.Australian shares ended marginally lower on Tuesday as the market appeared to show a muted response towards the central bank\'s decision to stand pat on interest rates, as expected.The S&P/ASX 200 index fell 0.4% to 6,762.3 at the close of trade, having risen as much as 1% during the session.Shares in mainland China and Hong Kong reversed course to trade lower in the afternoon session after a top regulatory official expressed concerns about the risk of bubbles bursting in foreign markets, and said Beijing is studying effective measures to manage capital inflows to prevent turbulence in the domestic market.""Financial markets are trading at high levels in Europe, the US and other developed countries, which runs counter to the real economy,"" Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, told a news conference.Chinese blue-chips dipped 1.78% while Hong Kong\'s Hang Seng lost 1.45%. Investors now eye China\'s annual session of parliament beginning on Friday, which is expected to chart a course for economic recovery and unveil a five-year plan to fend off stagnation.US stocks rallied overnight, with the S&P 500 posting its best day in nearly nine months, as bond markets calmed after a month-long selloff.""Risk appetite returned to markets as investors shook off worries of higher interest rates and focused on the recent strength in the manufacturing data,"" wrote ANZ analysts in a research note.US stocks were roiled last week when a sell-off in Treasuries pushed the 10-year Treasury yield to a one-year high of 1.614%. The 10-year yield was edging lower in after trade at 1.4119%.Bitcoin fell 1.93% to $48,669 after rising nearly 7% on Monday after last week\'s bond rout cooled, with Citi saying the most popular cryptocurrency was at a ""tipping point"" and could become the preferred currency for international trade.However, demand for riskier assets did not slug the dollar, usually regarded as a safe-haven currency, as investors bet on fast growth and inflation in the United States. The US dollar index gained 0.207% in afternoon trade against a basket of currencies to stand at 91.205, within sight of a three-week high hit overnight.The Australian dollar was down 0.14% at $0.7758 after the RBA meeting.A stronger greenback weighed on gold, and the precious metal was on the defensive at $1,715.8400 an ounce on Tuesday.The exuberance in risk assets did not help energy markets. Oil prices fell more than 1% overnight after data showed China\'s factory activity growth slipped to a nine-month low in February, owing in part to disruptions over the Lunar New Year holiday. There were also fears among energy investors that OPEC may increase global supply following a meeting this week.Brent crude fell 1.35% to $62.83 a barrel, while US West Texas Intermediate crude lost 1.34% to $59.83.', 'LONDON: Oil prices slipped on Tuesday as expectations that top producers would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing Chinese demand.Brent crude dropped 14 cents or 0.2% to $63.55 a barrel by 1145 GMT, after losing 1.1% the previous day. US West Texas Intermediate (WTI) crude fell 2 cents to $60.62 a barrel, having lost 1.4% on Monday.They both touched the lowest in more than 6 days, extending losses that started late last week.Expectations that the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, would boost oil output from April are pushing prices lower.""Amid expectations that OPEC+ will increase its output, the reason oil prices do not fall even more is that some production comeback is actually expected by traders already,"" said Bjornar Tonhaugen, Rystad Energy\'s head of oil markets.""The market understands that oil prices are healthy enough for more product to be unearthed, the wild card now is how much more product.""The group meets on Thursday and could discuss allowing as much as 1.5 million barrels per day (bpd) of crude back into the market.OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to reductions agreed to under the previous OPEC+ pact, a Reuters survey found, ending a run of seven consecutive monthly increases.Meanwhile, China\'s factory activity growth slipped to a nine-month low in February, which may curtail Chinese crude demand and pressure oil prices while oil buying from the world\'s top importer has already eased lately.""There are signs that the physical market is not as tight as futures markets suggest,"" ING Economics said in a note.""Chinese buying is reportedly easing, with demand expected to be weaker as we go into Q2 for refinery maintenance.""']","['LONDON oil prices slipped on tuesday as expectations that top producers would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing chinese demand.brent crude dropped $0.14, or 0.2%, to $63.55 a barrel by 1145 GMT, after losing 1.1% the previous day. US west texas intermediate (WTI) crude fell $0.02 to $60.62 a barrel, having lost 1.4% on Monday.They both touched the lowest in more than six days, extending losses that started late last week.expectations that the organisation of the petroleum exporting countries and its allies, a group known as OPEC+, would boost oil output from april are pushing prices lower.amid expectations that OPEC+ will increase its output, the reason oil prices do not fall even more is that some production comeback is actually expected by traders already, said bjornar tonhaugen, rystad energy head of oil Markets.The market understands that oil prices are healthy enough for more product to be unearthed, the wild card now is how much more product.the group meets on thursday and could discuss allowing as much as 1.5 million barrels per day (bpd) of crude back into the market.OPEC oil output fell in february as a voluntary cut by saudi arabia added to reductions agreed to under the previous OPEC+ pact, a reuters survey found, ending a run of seven consecutive monthly increases.meanwhile, chinas factory activity growth slipped to a nine-month low in february, which may curtail chinese crude demand and pressure oil prices while oil buying from the worlds top importer has already eased lately.there are signs that the physical market is not as tight as futures markets suggest, ING economics said in a note. chinese buying is reportedly easing, with demand expected to be weaker as we go into Q2 for refinery maintenance.', 'HONG KONG asia stocks dropped on tuesday and european equity futures fell as a senior chinese official expressed wariness about the risk of asset bubbles in foreign markets and a recent bond market sell-off still weighed on investor sentiment.european markets appeared set for a lower open with euro stoxx 50 futures down 0.38% and london FTSE dropping 0.4%. those of germany DAX fell 0.49%.MSCI broadest index of Asia-Pacific shares outside japan slipped 0.33%, giving up early gains. japan nikkei was down 0.85% as some investors booked profits on defensive energy and utility shares before the end of the fiscal year this month.australian shares ended marginally lower on tuesday as the market appeared to show a muted response towards the central bank decision to stand pat on interest rates, as expected.the S&P/ASX 200 index fell 0.4% to 6,762.3 at the close of trade, having risen as much as 1% during the session.shares in mainland china and hong kong reversed course to trade lower in the afternoon session after a top regulatory official expressed concerns about the risk of bubbles bursting in foreign markets, and said beijing is studying effective measures to manage capital inflows to prevent turbulence in the domestic market.""financial markets are trading at high levels in europe, the US and other developed countries, which runs counter to the real economy,"" guo shuqing, head of the china banking and insurance regulatory commission, told a news conference.chinese blue-chips dipped 1.78% while hong kong hang seng lost 1.45%. investors now eye china annual session of parliament beginning on friday, which is expected to chart a course for economic recovery and unveil a five-year plan to fend off stagnation.US stocks rallied overnight, with the S&P 500 posting its best day in nearly nine months, as bond markets calmed after a month-long selloff.""risk appetite returned to markets as investors shook off worries of higher interest rates and focused on the recent strength in the manufacturing data,"" wrote ANZ analysts in a research note.US stocks were roiled last week when a sell-off in treasuries pushed the 10-year treasury yield to a one-year high of 1.614%. the 10-year yield was edging lower in after trade at 1.4119%.bitcoin fell 1.93% to $48,669 after rising nearly 7% on monday after last week bond rout cooled, with citi saying the most popular cryptocurrency was at a ""tipping point"" and could become the preferred currency for international trade.however, demand for riskier assets did not slug the dollar, usually regarded as a safe-haven currency, as investors bet on fast growth and inflation in the united states. the US dollar index gained 0.207% in afternoon trade against a basket of currencies to stand at 91.205, within sight of a three-week high hit overnight.the australian dollar was down 0.14% at $0.7758 after the RBA meeting.a stronger greenback weighed on gold, and the precious metal was on the defensive at $1,715.8400 an ounce on Tuesday.The exuberance in risk assets did not help energy markets. oil prices fell more than 1% overnight after data showed china factory activity growth slipped to a nine-month low in february, owing in part to disruptions over the lunar new year holiday. there were also fears among energy investors that OPEC may increase global supply following a meeting this week.brent crude fell 1.35% to $62.83 a barrel, while US west texas intermediate crude lost 1.34% to $59.83.', 'LONDON oil prices slipped on tuesday as expectations that top producers would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing chinese demand.brent crude dropped 14 cents or 0.2% to $63.55 a barrel by 1145 GMT, after losing 1.1% the previous day. US west texas intermediate (WTI) crude fell 2 cents to $60.62 a barrel, having lost 1.4% on Monday.They both touched the lowest in more than 6 days, extending losses that started late last week.expectations that the organization of the petroleum exporting countries and its allies, a group known as OPEC+, would boost oil output from april are pushing prices lower.""amid expectations that OPEC+ will increase its output, the reason oil prices do not fall even more is that some production comeback is actually expected by traders already,"" said bjornar tonhaugen, rystad energy head of oil markets.""the market understands that oil prices are healthy enough for more product to be unearthed, the wild card now is how much more product.""the group meets on thursday and could discuss allowing as much as 1.5 million barrels per day (bpd) of crude back into the market.OPEC oil output fell in february as a voluntary cut by saudi arabia added to reductions agreed to under the previous OPEC+ pact, a reuters survey found, ending a run of seven consecutive monthly increases.meanwhile, china factory activity growth slipped to a nine-month low in february, which may curtail chinese crude demand and pressure oil prices while oil buying from the world top importer has already eased lately.""there are signs that the physical market is not as tight as futures markets suggest,"" ING economics said in a note.""chinese buying is reportedly easing, with demand expected to be weaker as we go into Q2 for refinery maintenance.""']","['https://tribune.com.pk/story/2287148/oil-slips-on-fears-over-higher-opec-supply-slower-china-demand', 'https://www.brecorder.com/news/40069394/asian-shares-fall-amid-chinas-asset-bubble-warning', 'https://www.brecorder.com/news/40069437/oil-slips-on-fears-over-higher-opec-supply-slower-china-demand']","['brent, , ']","['oil prices slip', 'oil prices fell', 'oil prices slip']","['neg', 'neg', 'neg']",105.4,"[-1.78, -5.33, -1.78]",-2.96,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news sentiment is negative but not significantly low. The market signal also suggests a neutral stance. Hence, we recommend holding the position and closely monitoring the market for any significant changes in sentiment.""
}"
3/3/2021,['Oil up as OPEC+ considers production cut rollover'],['oil up as OPEC+ considers production cut rollover'],['Tribune'],"['LONDON:Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine rollout in the United States gave further support.Brent oil was up $1.28, or 2%, to $63.98 a barrel by 1050 GMT. US West Texas Intermediate (WTI) crude rose $1.17, or 2%, to $60.92 a barrel.“The fundamentals of the oil market suggest further strength as oil demand grows with the recovery and leisure and travel activity is likely to bounce,â€ÂÂ\x9d said Norbert Rucker, analyst at Swiss bank Julius Baer. “We see oil prices pushing temporarily above $70 by mid-year,â€ÂÂ\x9d he added.Oil prices jumped after Reuters reported based on three sources that the Organisation of the Petroleum Exporting Countries, Russia and their allies, a group known as OPEC+, are considering rolling over production cuts from March into April rather than raising output.The group meets on Thursday. The market had been widely expecting OPEC+ to ease production cuts.Kuwaiti Oil Minister Mohammad al-Fares said the oil market was being supported by optimism about vaccinations.US President Joe Biden said the United States would have enough Covid-19 vaccines for every American adult by the end of May, after Merck & Co agreed to make rival Johnson & Johnson’s inoculation.Biden said he hoped that the United States would be “back to normalâ€ÂÂ\x9d at this time next year and potentially sooner.The American Petroleum Institute (API) industry group reported US crude stocks rose by 7.4 million barrels in the week to February 26, in stark contrast to analysts’ estimates for a draw of 928,000 barrels.However, that build occurred while US refining capacity was shut during the survey week because of cold weather in Texas. Refinery runs fell by 1.75 million bpd, API data showed.']","['LONDON oil prices rose on wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine rollout in the united states gave further support.brent oil was up $1.28, or 2%, to $63.98 a barrel by 1050 GMT. US west texas intermediate (WTI) crude rose $1.17, or 2%, to $60.92 a barrel.the fundamentals of the oil market suggest further strength as oil demand grows with the recovery and leisure and travel activity is likely to bounce, said norbert rucker, analyst at swiss bank julius baer. we see oil prices pushing temporarily above $70 by mid-year, he added.oil prices jumped after reuters reported based on three sources that the organisation of the petroleum exporting countries, russia and their allies, a group known as OPEC+, are considering rolling over production cuts from march into april rather than raising output.the group meets on thursday. the market had been widely expecting OPEC+ to ease production cuts.kuwaiti oil minister mohammad al-Fares said the oil market was being supported by optimism about vaccinations.US president joe biden said the united states would have enough Covid-19 vaccines for every american adult by the end of may, after merck & co agreed to make rival johnson & johnsons inoculation.biden said he hoped that the united states would be back to normal at this time next year and potentially sooner.the american petroleum institute (API) industry group reported US crude stocks rose by 7.4 million barrels in the week to february 26, in stark contrast to analysts estimates for a draw of 928,000 barrels.however, that build occurred while US refining capacity was shut during the survey week because of cold weather in texas. refinery runs fell by 1.75 million bpd, API data showed.']",['https://tribune.com.pk/story/2287278/oil-up-as-opec-considers-production-cut-rollover'],"['brent, , ']",['oil prices jumped'],['pos'],106.22,[5.65],5.65,-3,-3,3,0,"{
  ""Trading Recommendation"": ""Strong Buy"",
  ""Rationale"": ""The overall news sentiment is significantly positive, outweighing the negative market signal. Hence, we recommend buying the position to capitalize on the expected upward movement in the market.""
}"
3/5/2021,"['Bondfires smoulder, shares struggle ahead of US jobs data', 'Oil surges $2 after OPEC+ extends output cuts', 'Oil hits almost 14-month high as OPEC+ extends output cuts']","['bondfires smoulder, shares struggle ahead of US jobs data', 'oil surges $2 after OPEC+ extends output cuts', 'oil hits almost 14-month high as OPEC+ extends output cuts']","['Business Recorder', 'Business Recorder', 'Tribune']","['LONDON: It was a frantic Friday for traders as another push higher in bond-market borrowing costs and the dollar sank stocks, while oil prices jumped after OPEC and its allies opted against increasing supply for the time being.Nervy European shares were trying to fight back, but Asia dropped overnight, Wall Street\'s S&P 500 briefly turned negative for the year on Thursday and MSCI\'s all-country index was on its longest losing streak in six months.The latest bout of volatility was sparked when Federal Reserve Chairman Jerome Powell on Thurday showed little alarm about the rise in yields while lively oil markets and monthly US jobs data due later meant another busy day was in store.""Markets were a little disappointed about what Chair Powell said yesterday,"" said Henrietta Pacquement, head of investment- grade fixed income at Wells Fargo Asset Management, referring to hopes he would push back harder again rising yields.If the US data later comes in strong, it will add ""fuel to the fire"" she said, although central banks like the Fed and the European Central Bank, which is dealing with a more sluggish euro zone economy, do have the ammunition to respond if yields really start to rocket.""Perhaps the US is in the best position to take higher rates, but it will be more difficult for Europe and also EM (emerging markets),"" Pacquement said.Germany\'s benchmark 10-year bond yield edged up 2 basis points to -0.29%, holding just below near one-year highs hit last week as bond market pressures intensified.Benchmark 10-year US Treasury yields had risen 6 bps in the half hour that Powell spoke overnight. They were hovering at 1.55% in Europe, just shy of Thursday\'s 1.56% closing level, the highest end to a day since mid February last year.Real yields, which take off the rate of inflation, rose 13 bps from their intra-day lows, while yield curves resumed their steepening, with the gap between two-year and 10-year US yields at 142 bps, the widest since November 2015.""The move in the (US) 10-year was driven by real yields (+9.5bps) as opposed to inflation expectations (-1.3bps) which is not good for risk,"" Deutsche Bank\'s Jim Reid said.PAYROLLSS&P 500 futures were higher, having turned around overnight falls. The tech-heavy Nasdaq Composite tumbled 2.1% on Thursday, leaving it down about 10% from its record close on Feb. 12 and putting it in what is known in dealing rooms as ""correction"" territory.Even though Powell made it clear that the Fed was not close to changing its ultra-loose monetary policy stance anytime soon, analysts still worry rising Treasury yields could herald higher borrowing costs, thereby limiting the fragile US economic recovery.While Powell said the increase in yields was ""notable and caught my attention,"" he did not consider it a ""disorderly"" move.Focus is turning to the release of February\'s US non-farm payrolls, with the market eyeing a 182,000 recovery in employment growth and a steady unemployment rate of 6.3%.""We suspect the market will be inclined to look through a weaker number, with investors looking ahead to the big fiscal stimulus planned in the US,"" said Ray Attrill, head of forex strategy at National Australia Bank.Oil prices added to big gains after the Organization of Petroleum Exporting Countries (OPEC) and its allies agreed to mostly maintain their supply cuts in April as they await a more solid recovery in demand from the COVID-19 pandemic.Brent crude futures for May rose as high as $68.62 a barrel on Friday, a level not seen since Jan. 8, 2020. The contract was last up $1.83, or 2.75%, and on track for a 3% weekly gain and its 16th weekly rise in the last 18.""OPEC+ has kept output steady, indicating that it wants to take a cautious approach in normalising production,"" said Ravindra Rao, vice president, commodities at Kotak Securities.Rising Treasury yields also bolstered demand for the dollar. The dollar index jumped to a three-month high of 91.935, knocking the Japanese yen to its lowest since June at 108.11 per dollar and tripping the euro to $1.1930.In emerging markets, Colombia\'s investment grade credit rating looked at risk after the finance ministry jacked up its deficit forecast and Moscow\'s markets were nervously eyeing reports of Washington sanctioning Russia\'s government bonds.The dollar\'s strength also hit gold prices, which sank to a nine-month low as investors sold the precious metal to reduce the opportunity cost of holding the non-yielding asset.Spot gold was last at $1,697 per ounce, trading below $1,700 for the first time since June 2020.', 'LONDON: Oil prices jumped more than 3% on Friday, hitting their highest levels in over a year after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand.Brent crude futures were up $2.23, or 3.3%, at $68.97 a barrel by 1441 GMT - a nearly 14-month high.US West Texas Intermediate (WTI) crude futures climbed $2, or 3.1%, to $65.83 - the highest since April 2019.Both contracts surged more than 4% on Thursday after the Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, extended oil output curbs into April, granting small exemptions to Russia and Kazakhstan.""OPEC+ settled for a cautious approach ... opting to increase production by just 150,000 barrels per day (bpd) in April while market participants looked for an increase of 1.5 million bpd,"" said UBS oil analyst Giovanni Staunovo.Investors were surprised that Saudi Arabia had decided to maintain its voluntary cut of 1 million bpd through April even after the oil price rally of the past two months on the back of COVID-19 vaccination programmes around the globe.Some forecasters revised their price expectations upward following the decision.Goldman Sachs raised its Brent crude price forecast by $5 to $75 a barrel in the second quarter and $80 a barrel in the third quarter of this year. UBS raised its Brent forecast to $75 a barrel and WTI to $72 in the second half of 2021.However, analysts and traders have warned that slow physical crude sales and recovery for demand not predicted until around the third quarter suggest that the price rally is unwarranted.""The market suggests a tightness that does not exist. Therefore, we continue to believe that the price risk is mainly downward and that the current price is overshooting,"" Hans van Cleef, senior energy economist at ABN Amro said.', 'LONDON:Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies agreed not to increase supply in April as they await a more substantial recovery in demand.Brent crude futures were up $1.52, or 2.3%, at $68.26 a barrel by 1008 GMT and US West Texas Intermediate (WTI) crude futures climbed $1.30, or 2%, to $65.13 as both remained on track for weekly gains.Both contracts surged more than 4% on Thursday after OPEC and allies, together known as OPEC+, extended oil output curbs into April, granting small exemptions to Russia and Kazakhstan.“OPEC+ settled for a cautious approach ... opting to increase production by just 150,000 barrels per day (bpd) in April while market participants looked for an increase of 1.5 million bpd,â€ÂÂ\x9d said UBS oil analyst Giovanni Staunovo.Investors were surprised that Saudi Arabia had decided to maintain its voluntary cut of one million bpd through April even after the oil price rally of the past two months on the back of Covid-19 vaccination programmes around the globe.“An array of factors coalesced to bring the parties together, but the resultant price increase will almost certainly push the parties to change their minds when they meet again on April 1,â€ÂÂ\x9d Citigroup said in a note.Analysts are reviewing their price forecasts to reflect the continued supply restraint by OPEC+ as well as US shale producers, who are holding back spending to boost returns to investors.Goldman Sachs raised its Brent crude price forecast by $5 to $75 a barrel in the second quarter and $80 a barrel in the third quarter of this year.UBS raised its Brent forecast to $75 a barrel and WTI to $72 in the second half of 2021.']","['LONDON it was a frantic friday for traders as another push higher in bond-market borrowing costs and the dollar sank stocks, while oil prices jumped after OPEC and its allies opted against increasing supply for the time being.nervy european shares were trying to fight back, but asia dropped overnight, wall street S&P 500 briefly turned negative for the year on thursday and MSCI all-country index was on its longest losing streak in six months.the latest bout of volatility was sparked when federal reserve chairman jerome powell on thurday showed little alarm about the rise in yields while lively oil markets and monthly US jobs data due later meant another busy day was in store.""markets were a little disappointed about what chair powell said yesterday,"" said henrietta pacquement, head of investment- grade fixed income at wells fargo asset management, referring to hopes he would push back harder again rising yields.if the US data later comes in strong, it will add ""fuel to the fire"" she said, although central banks like the fed and the european central bank, which is dealing with a more sluggish euro zone economy, do have the ammunition to respond if yields really start to rocket.""perhaps the US is in the best position to take higher rates, but it will be more difficult for europe and also EM (emerging markets),"" pacquement said.germany benchmark 10-year bond yield edged up 2 basis points to -0.29%, holding just below near one-year highs hit last week as bond market pressures intensified.benchmark 10-year US treasury yields had risen 6 bps in the half hour that powell spoke overnight. they were hovering at 1.55% in europe, just shy of thursday 1.56% closing level, the highest end to a day since mid february last year.real yields, which take off the rate of inflation, rose 13 bps from their intra-day lows, while yield curves resumed their steepening, with the gap between two-year and 10-year US yields at 142 bps, the widest since november 2015.""the move in the (US) 10-year was driven by real yields (+9.5bps) as opposed to inflation expectations (-1.3bps) which is not good for risk,"" deutsche bank jim reid said.PAYROLLSS&P 500 futures were higher, having turned around overnight falls. the tech-heavy nasdaq composite tumbled 2.1% on thursday, leaving it down about 10% from its record close on feb. 12 and putting it in what is known in dealing rooms as ""correction"" territory.even though powell made it clear that the fed was not close to changing its ultra-loose monetary policy stance anytime soon, analysts still worry rising treasury yields could herald higher borrowing costs, thereby limiting the fragile US economic recovery.while powell said the increase in yields was ""notable and caught my attention,"" he did not consider it a ""disorderly"" move.focus is turning to the release of february US non-farm payrolls, with the market eyeing a 182,000 recovery in employment growth and a steady unemployment rate of 6.3%.""we suspect the market will be inclined to look through a weaker number, with investors looking ahead to the big fiscal stimulus planned in the US,"" said ray attrill, head of forex strategy at national australia Bank.Oil prices added to big gains after the organization of petroleum exporting countries (OPEC) and its allies agreed to mostly maintain their supply cuts in april as they await a more solid recovery in demand from the COVID-19 pandemic.brent crude futures for may rose as high as $68.62 a barrel on friday, a level not seen since jan. 8, 2020. the contract was last up $1.83, or 2.75%, and on track for a 3% weekly gain and its 16th weekly rise in the last 18.""OPEC+ has kept output steady, indicating that it wants to take a cautious approach in normalising production,"" said ravindra rao, vice president, commodities at kotak Securities.Rising treasury yields also bolstered demand for the dollar. the dollar index jumped to a three-month high of 91.935, knocking the japanese yen to its lowest since june at 108.11 per dollar and tripping the euro to $1.1930.in emerging markets, colombia investment grade credit rating looked at risk after the finance ministry jacked up its deficit forecast and moscow markets were nervously eyeing reports of washington sanctioning russia government bonds.the dollar strength also hit gold prices, which sank to a nine-month low as investors sold the precious metal to reduce the opportunity cost of holding the non-yielding asset.spot gold was last at $1,697 per ounce, trading below $1,700 for the first time since june 2020.', 'LONDON oil prices jumped more than 3% on friday, hitting their highest levels in over a year after OPEC and its allies agreed not to increase supply in april as they await a more substantial recovery in demand.brent crude futures were up $2.23, or 3.3%, at $68.97 a barrel by 1441 GMT - a nearly 14-month high.US west texas intermediate (WTI) crude futures climbed $2, or 3.1%, to $65.83 - the highest since april 2019.both contracts surged more than 4% on thursday after the organization of the petroleum exporting countries and allies, together known as OPEC+, extended oil output curbs into april, granting small exemptions to russia and Kazakhstan.""OPEC+ settled for a cautious approach . opting to increase production by just 150,000 barrels per day (bpd) in april while market participants looked for an increase of 1.5 million bpd,"" said UBS oil analyst giovanni Staunovo.Investors were surprised that saudi arabia had decided to maintain its voluntary cut of 1 million bpd through april even after the oil price rally of the past two months on the back of COVID-19 vaccination programmes around the globe.some forecasters revised their price expectations upward following the decision.goldman sachs raised its brent crude price forecast by $5 to $75 a barrel in the second quarter and $80 a barrel in the third quarter of this year. UBS raised its brent forecast to $75 a barrel and WTI to $72 in the second half of 2021.however, analysts and traders have warned that slow physical crude sales and recovery for demand not predicted until around the third quarter suggest that the price rally is unwarranted.""the market suggests a tightness that does not exist. therefore, we continue to believe that the price risk is mainly downward and that the current price is overshooting,"" hans van cleef, senior energy economist at ABN amro said.', 'LONDON oil prices jumped more than 2% on friday, hitting their highest in nearly 14 months after the organisation of the petroleum exporting countries (OPEC) and its allies agreed not to increase supply in april as they await a more substantial recovery in demand.brent crude futures were up $1.52, or 2.3%, at $68.26 a barrel by 1008 GMT and US west texas intermediate (WTI) crude futures climbed $1.30, or 2%, to $65.13 as both remained on track for weekly gains.both contracts surged more than 4% on thursday after OPEC and allies, together known as OPEC+, extended oil output curbs into april, granting small exemptions to russia and Kazakhstan.OPEC+ settled for a cautious approach . opting to increase production by just 150,000 barrels per day (bpd) in april while market participants looked for an increase of 1.5 million bpd, said UBS oil analyst giovanni Staunovo.Investors were surprised that saudi arabia had decided to maintain its voluntary cut of one million bpd through april even after the oil price rally of the past two months on the back of Covid-19 vaccination programmes around the globe.an array of factors coalesced to bring the parties together, but the resultant price increase will almost certainly push the parties to change their minds when they meet again on april 1, citigroup said in a note.analysts are reviewing their price forecasts to reflect the continued supply restraint by OPEC+ as well as US shale producers, who are holding back spending to boost returns to investors.goldman sachs raised its brent crude price forecast by $5 to $75 a barrel in the second quarter and $80 a barrel in the third quarter of this year.UBS raised its brent forecast to $75 a barrel and WTI to $72 in the second half of 2021.']","['https://www.brecorder.com/news/40070635/bondfires-smoulder-shares-struggle-ahead-of-us-jobs-data', 'https://www.brecorder.com/news/40070667/oil-surges-2-after-opec-extends-output-cuts', 'https://tribune.com.pk/story/2287726/oil-hits-almost-14-month-high-as-opec-extends-output-cuts']","['brent, , ']","['oil prices jumped', 'oil prices jumped', 'oil prices jumped']","['pos', 'pos', 'pos']",107.1,"[5.65, 5.65, 5.65]",5.65,-3,3,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Although the overall news sentiment is positive, the market signal is significantly negative, indicating refraining from the market. Hence, we recommend refraining from taking any position in the market to mitigate potential risks.""
}"
3/8/2021,"['Oil surges $2 after OPEC+ extends output cuts', 'Gulf countries get fiscal leeway after OPEC+ extends output cuts', 'Brent hits $70 for first time since pandemic began']","['oil surges $2 after OPEC+ extends output cuts', 'gulf countries get fiscal leeway after OPEC+ extends output cuts', 'brent hits $70 for first time since pandemic began']","['Business Recorder', 'Business Recorder', 'Tribune']","['LONDON: Oil prices jumped more than 3% on Friday, hitting their highest levels in over a year after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. Brent crude futures were up $2.23, or 3.3%, at $68.97 a barrel by 1441 GMT - a nearly 14-month high.US West Texas Intermediate (WTI) crude futures climbed $2, or 3.1%, to $65.83 - the highest since April 2019. Both contracts surged more than 4% on Thursday after the Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, extended oil output curbs into April, granting small exemptions to Russia and Kazakhstan.“OPEC+ settled for a cautious approach ... opting to increase production by just 150,000 barrels per day (bpd) in April while market participants looked for an increase of 1.5 million bpd,â€Â\x9d said UBS oil analyst Giovanni Staunovo. Investors were surprised that Saudi Arabia had decided to maintain its voluntary cut of 1 million bpd through April even after the oil price rally of the past two months on the back of COVID-19 vaccination programmes around the globe.Some forecasters revised their price expectations upward following the decision.Goldman Sachs raised its Brent crude price forecast by $5 to $75 a barrel in the second quarter and $80 a barrel in the third quarter of this year. UBS raised its Brent forecast to $75 a barrel and WTI to $72 in the second half of 2021.However, analysts and traders have warned that slow physical crude sales and recovery for demand not predicted until around the third quarter suggest that the price rally is unwarranted.“The market suggests a tightness that does not exist. Therefore, we continue to believe that the price risk is mainly downward and that the current price is overshooting,â€Â\x9d Hans van Cleef, senior energy economist at ABN Amro said.', 'DUBAI: Oil-rich Gulf Cooperation Council (GCC) countries, whose state coffers have been battered by the coronavirus crisis, are set to get some fiscal respite after OPEC and its allies last week agreed to extend most oil output cuts into April.While lower output could weigh on the region\'s overall growth this year, higher oil prices are set to curb deficits, providing some headroom for a potential boost to GCC economies recovering from the COVID-19 pandemic.""These countries will still benefit from the higher oil revenue, as the forecast increase in oil price outweighs the lower output,"" said Monica Malik, chief economist at Abu Dhabi Commercial Bank.""The marked narrowing in the fiscal deficit with higher oil revenue gives further space to increase fiscal support to the economies.""Oil prices jumped to their highest levels in more than a year last week after the OPEC+ decision. OPEC\'s leader Saudi Arabia said it would extend its voluntary oil output cut of 1 million barrels per day for a third consecutive month, and that it would decide in coming months to gradually phase it out.JPMorgan last week revised upwards its 2021 and 2022 Brent price forecasts by $3 and $2, respectively, to $67 a barrel and $74 a barrel.On Monday, Brent crude futures climbed above $70 a barrel for the first time since the COVID-19 pandemic began, following reports of attacks on Saudi Arabian facilities.SAUDI GROWTHSome economists lowered their headline growth forecasts for Saudi Arabia, the Gulf\'s largest economy and the world\'s top oil exporter, due to the more gradual increase in oil production than previously expected.""We had our 2021 forecast at $46 per barrel for most of 2020 given the uncertainty over oil demand and supply for most of last year. Back then we assumed OPEC discipline would break down quite quickly as demand recovered. So we had penciled in quite a large increase in Saudi output for 2021, which would push oil GDP up quite sharply, giving overall GDP of around 4%,"" said James Reeve, chief economist at Samba Financial Group.""There has not been the discipline collapse that we were anticipating... With oil production now likely to be flat, we think overall growth will be around 2.5%,"" he said.ADCB\'s Malik lowered real GDP growth forecasts but revised upwards nominal GDP growth and fiscal balance expectations. Saudi Arabia is now forecast to achieve a 1% real GDP growth, down from a 2.4% estimate last month, but its deficit is likely to shrink to 3.9% from a previous 5.6% prediction, she said.Translating higher oil prices into growth will depend ultimately on how oil receipts are re-deployed.""Granted, a Brent north of $70 per barrel market would propel forward nominal GDP growth but real GDP growth - which is based on the volume of output - is not expected to rise. On the contrary, there are downside risks to our oil GDP estimates,"" said Ehsan Khoman, head of emerging markets research, EMEA, at MUFG Bank.""This would reverse should oil receipts be channelled into higher capex spending - which is historically not unprecedented in the region during periods of a more benign oil market.""', 'LONDON:Oil prices climbed above $70 a barrel for the first time since the start of the coronavirus crisis, after the US Senate passed a $1.9 trillion economic stimulus package and a Yemeni group attacked Saudi Arabia’s oil industry.Benchmark Brent crude climbed as high as $71.38 a barrel in early Asian trade, its highest since January 8, 2020. By 1110 GMT, it was trading up $0.12, or 0.2%, at $69.48, still hovering around its highest level in more than a year.US West Texas Intermediate (WTI) crude was up $0.14, or 0.2%, at $66.23 after touching $67.98 a barrel, its highest since October 2018.Brent and WTI prices have climbed for four consecutive sessions.The US Senate passed on Saturday President Joe Biden’s $1.9 trillion Covid-19 relief plan, lifting prospects for the economy and fuel demand that has been pummelled by the pandemic.Adding support, Houthi forces in Yemen fired drones and missiles at Saudi Arabia, including a Saudi Aramco facility at Ras Tanura that is vital to petroleum exports. Riyadh said there were no casualties or loss of property.“This suggests that we could see further upside in the market in the near term, particularly as the market probably now needs to price in some sort of risk premium, with these attacks picking up in frequency,â€ÂÂ\x9d ING analysts said in a report.Prices have been buoyant since the Organisation of the Petroleum Exporting Countries, Russia and their oil producing allies, known as OPEC+, agreed last week on broadly sticking with output cuts despite rising crude prices.']","['LONDON oil prices jumped more than 3% on friday, hitting their highest levels in over a year after OPEC and its allies agreed not to increase supply in april as they await a more substantial recovery in demand. brent crude futures were up $2.23, or 3.3%, at $68.97 a barrel by 1441 GMT - a nearly 14-month high.US west texas intermediate (WTI) crude futures climbed $2, or 3.1%, to $65.83 - the highest since april 2019. both contracts surged more than 4% on thursday after the organization of the petroleum exporting countries and allies, together known as OPEC+, extended oil output curbs into april, granting small exemptions to russia and Kazakhstan.OPEC+ settled for a cautious approach . opting to increase production by just 150,000 barrels per day (bpd) in april while market participants looked for an increase of 1.5 million bpd, said UBS oil analyst giovanni staunovo. investors were surprised that saudi arabia had decided to maintain its voluntary cut of 1 million bpd through april even after the oil price rally of the past two months on the back of COVID-19 vaccination programmes around the globe.some forecasters revised their price expectations upward following the decision.goldman sachs raised its brent crude price forecast by $5 to $75 a barrel in the second quarter and $80 a barrel in the third quarter of this year. UBS raised its brent forecast to $75 a barrel and WTI to $72 in the second half of 2021.however, analysts and traders have warned that slow physical crude sales and recovery for demand not predicted until around the third quarter suggest that the price rally is unwarranted.the market suggests a tightness that does not exist. therefore, we continue to believe that the price risk is mainly downward and that the current price is overshooting, hans van cleef, senior energy economist at ABN amro said.', 'DUBAI Oil-rich gulf cooperation council (GCC) countries, whose state coffers have been battered by the coronavirus crisis, are set to get some fiscal respite after OPEC and its allies last week agreed to extend most oil output cuts into April.While lower output could weigh on the region overall growth this year, higher oil prices are set to curb deficits, providing some headroom for a potential boost to GCC economies recovering from the COVID-19 pandemic.""these countries will still benefit from the higher oil revenue, as the forecast increase in oil price outweighs the lower output,"" said monica malik, chief economist at abu dhabi commercial Bank.""The marked narrowing in the fiscal deficit with higher oil revenue gives further space to increase fiscal support to the economies.""oil prices jumped to their highest levels in more than a year last week after the OPEC+ decision. OPEC leader saudi arabia said it would extend its voluntary oil output cut of 1 million barrels per day for a third consecutive month, and that it would decide in coming months to gradually phase it out.JPMorgan last week revised upwards its 2021 and 2022 brent price forecasts by $3 and $2, respectively, to $67 a barrel and $74 a barrel.on monday, brent crude futures climbed above $70 a barrel for the first time since the COVID-19 pandemic began, following reports of attacks on saudi arabian facilities.SAUDI GROWTHSome economists lowered their headline growth forecasts for saudi arabia, the gulf largest economy and the world top oil exporter, due to the more gradual increase in oil production than previously expected.""we had our 2021 forecast at $46 per barrel for most of 2020 given the uncertainty over oil demand and supply for most of last year. back then we assumed OPEC discipline would break down quite quickly as demand recovered. so we had penciled in quite a large increase in saudi output for 2021, which would push oil GDP up quite sharply, giving overall GDP of around 4%,"" said james reeve, chief economist at samba financial Group.""There has not been the discipline collapse that we were anticipating. with oil production now likely to be flat, we think overall growth will be around 2.5%,"" he said.ADCB malik lowered real GDP growth forecasts but revised upwards nominal GDP growth and fiscal balance expectations. saudi arabia is now forecast to achieve a 1% real GDP growth, down from a 2.4% estimate last month, but its deficit is likely to shrink to 3.9% from a previous 5.6% prediction, she said.translating higher oil prices into growth will depend ultimately on how oil receipts are re-deployed.""Granted, a brent north of $70 per barrel market would propel forward nominal GDP growth but real GDP growth - which is based on the volume of output - is not expected to rise. on the contrary, there are downside risks to our oil GDP estimates,"" said ehsan khoman, head of emerging markets research, EMEA, at MUFG Bank.""This would reverse should oil receipts be channelled into higher capex spending - which is historically not unprecedented in the region during periods of a more benign oil market.""', 'LONDON oil prices climbed above $70 a barrel for the first time since the start of the coronavirus crisis, after the US senate passed a $1.9 trillion economic stimulus package and a yemeni group attacked saudi arabias oil industry.benchmark brent crude climbed as high as $71.38 a barrel in early asian trade, its highest since january 8, 2020. by 1110 GMT, it was trading up $0.12, or 0.2%, at $69.48, still hovering around its highest level in more than a year.US west texas intermediate (WTI) crude was up $0.14, or 0.2%, at $66.23 after touching $67.98 a barrel, its highest since october 2018.brent and WTI prices have climbed for four consecutive sessions.the US senate passed on saturday president joe bidens $1.9 trillion Covid-19 relief plan, lifting prospects for the economy and fuel demand that has been pummelled by the pandemic.adding support, houthi forces in yemen fired drones and missiles at saudi arabia, including a saudi aramco facility at ras tanura that is vital to petroleum exports. riyadh said there were no casualties or loss of property.this suggests that we could see further upside in the market in the near term, particularly as the market probably now needs to price in some sort of risk premium, with these attacks picking up in frequency, ING analysts said in a report.prices have been buoyant since the organisation of the petroleum exporting countries, russia and their oil producing allies, known as OPEC+, agreed last week on broadly sticking with output cuts despite rising crude prices.']","['https://www.brecorder.com/news/40070814/oil-surges-2-after-opec-extends-output-cuts', 'https://www.brecorder.com/news/40071413/gulf-countries-get-fiscal-leeway-after-opec-extends-output-cuts', 'https://tribune.com.pk/story/2288190/brent-hits-70-for-first-time-since-pandemic-began']","['brent, , ']","['oil prices jumped', 'oil prices jumped', 'brent crude climbed']","['pos', 'pos', 'pos']",105.82,"[5.65, 5.65, 4.35]",5.22,-3,-3,3,0,"{
""Trading Recommendation"": ""Refrain from the market"",
""rationale"": ""Although the overall news impact is significantly positive, the technical indicators paint a different picture. With EMA55_Signal and EMA9_Signal both indicating a bearish trend and the MACD_Signals and RSI_Signals showing neutral signals, there is not enough technical support for a strong buy recommendation. Additionally, the market_signal is only slightly positive, further indicating a lack of strong bullish sentiment. Therefore, I recommend refraining from the market at this time, as the conflicting signals suggest uncertainty and potential volatility ahead.""
}"
3/9/2021,['Oil slides after Saudi attack'],['oil slides after saudi attack'],['Tribune'],"['LONDON:Oil prices fell on Monday after pushing above $70 a barrel for the first time since the start of the coronavirus crisis, with support from US stimulus and an attack on Saudi Arabian oil sites countered by global inflation fears.Brent, which initially surged to $71.38 a barrel, its highest since January 8, 2020, slipped by $0.73, or 1%, on the day to $68.63 by 1500 GMT. The benchmark is still hovering around its highest level in more than a year.US West Texas Intermediate (WTI) crude was down $0.63, or 0.9%, at $65.46 after touching its highest since October 2018 at $67.98. The US Senate on Saturday passed President Joe Biden’s $1.9 trillion Covid-19 relief plan, lifting prospects for the economy and fuel demand that has been pummelled by the pandemic.Adding support, Houthi forces in Yemen launched drones and fired missiles at Saudi Arabia, including a Saudi Aramco facility at Ras Tanura that is vital to petroleum exports. Riyadh said there were no casualties or loss of property.“The spectacular oil price ascent deserves some cautious thinking ... Our balances indicate that the market is already tight enough to achieve a balanced recovery,â€ÂÂ\x9d said Rystad Energy oil markets analyst Louise Dickson.Published in The Express Tribune, March 9th, 2021.Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.']","['LONDON oil prices fell on monday after pushing above $70 a barrel for the first time since the start of the coronavirus crisis, with support from US stimulus and an attack on saudi arabian oil sites countered by global inflation fears.brent, which initially surged to $71.38 a barrel, its highest since january 8, 2020, slipped by $0.73, or 1%, on the day to $68.63 by 1500 GMT. the benchmark is still hovering around its highest level in more than a year.US west texas intermediate (WTI) crude was down $0.63, or 0.9%, at $65.46 after touching its highest since october 2018 at $67.98. the US senate on saturday passed president joe bidens $1.9 trillion Covid-19 relief plan, lifting prospects for the economy and fuel demand that has been pummelled by the pandemic.adding support, houthi forces in yemen launched drones and fired missiles at saudi arabia, including a saudi aramco facility at ras tanura that is vital to petroleum exports. riyadh said there were no casualties or loss of property.the spectacular oil price ascent deserves some cautious thinking . our balances indicate that the market is already tight enough to achieve a balanced recovery, said rystad energy oil markets analyst louise Dickson.']",['https://tribune.com.pk/story/2288238/oil-slides-after-saudi-attack'],"['brent, , ']",['oil prices fell'],['neg'],104.46,[-5.33],-5.33,-2,-3,3,0,"{""Trading Recommendation"": ""Refrain from the market"",
""Rationale"": ""Despite a significant negative impact from recent news, technical indicators provide conflicting signals, with EMA55 and EMA9 indicating a sell, while MACD and RSI remain neutral. Given the lack of alignment between news sentiment and technical indicators, it's prudent to refrain from making any trading decisions at this time."" }"
3/16/2021,"['Oil drops as inventories and COVID vaccine halt threaten demand', 'Oil drops as inventories and COVID vaccine halt threaten demand', 'Oil drops 2pc as COVID-19 vaccine halt threatens demand', 'Oil drops 2pc as COVID-19 vaccine halt threatens demand', 'Oil falls amid stockpiling concern; European vaccine woe threatens demand', 'Oil prices slip from $70', 'Oil drops amid rising stockpiles, demand concerns']","['oil drops as inventories and COVID vaccine halt threaten demand', 'oil drops as inventories and COVID vaccine halt threaten demand', 'oil drops 2pc as COVID-19 vaccine halt threatens demand', 'oil drops 2pc as COVID-19 vaccine halt threatens demand', 'oil falls amid stockpiling concern european vaccine woe threatens demand', 'oil prices slip from $70', 'oil drops amid rising stockpiles, demand concerns']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune', 'Tribune']","['LONDON: Oil prices fell for a third day on Tuesday, as a recovery in demand was threatened by rising US inventories and moves by Germany, France and some other European states to suspend the use of a major coronavirus vaccine.Brent was down $1.11 cents, or 1.6%, at $67.77 a barrel by 1325 GMT. US crude fell $1.17, or 1.7%, at $64.22.Germany, France and Italy said they would suspend the use of the Oxford/AstraZeneca vaccine after reports about possible serious side effects, although the World Health Organization said there was no established link to the vaccine.The moves deepen concerns about the slow pace of vaccinations in the European Union, threatening an economic recovery and fuel demand.The pandemic eviscerated demand for oil. Prices have recovered to levels seen before the global health crisis, but gains have been capped as vaccine rollouts have proceeded slowly in many countries.In the United States, crude inventories are also rising as refineries have taken time to recover fully from a ""big freeze"" that halted their operations in Texas and elsewhere.""Short-term direction will be set by the weekly US inventory reports,"" PVM analysts said in a note, adding that the dollar\'s strength against other currencies also weighed on the oil price.Analysts expect another week of inventory gains when the American Petroleum Institute, an industry group, reports on crude stockpiles on Tuesday, followed by official numbers from the Department of Energy on Wednesday.Inventories rose by 12.8 million barrels in the week to March 5, against forecasts for a rise of less than 1 million barrels.', 'LONDON: Oil prices fell for a third day on Tuesday, as a recovery in demand was threatened by rising US inventories and moves by Germany, France and some other European states to suspend the use of a major coronavirus vaccine.Brent was down $1.11 cents, or 1.6%, at $67.77 a barrel by 1325 GMT. US crude fell $1.17, or 1.7%, at $64.22.Germany, France and Italy said they would suspend the use of the Oxford/AstraZeneca vaccine after reports about possible serious side effects, although the World Health Organization said there was no established link to the vaccine.The moves deepen concerns about the slow pace of vaccinations in the European Union, threatening an economic recovery and fuel demand.The pandemic eviscerated demand for oil. Prices have recovered to levels seen before the global health crisis, but gains have been capped as vaccine rollouts have proceeded slowly in many countries.In the United States, crude inventories are also rising as refineries have taken time to recover fully from a ""big freeze"" that halted their operations in Texas and elsewhere.""Short-term direction will be set by the weekly US inventory reports,"" PVM analysts said in a note, adding that the dollar\'s strength against other currencies also weighed on the oil price.Analysts expect another week of inventory gains when the American Petroleum Institute, an industry group, reports on crude stockpiles on Tuesday, followed by official numbers from the Department of Energy on Wednesday.Inventories rose by 12.8 million barrels in the week to March 5, against forecasts for a rise of less than 1 million barrels.', 'NEW YORK: Oil prices fell for a third day on Tuesday, as moves by Germany, France and other European states suspended the use of a major coronavirus vaccine, which threatens the recovery of fuel demand.Brent was down $1.10, or 1.6%, to $67.78 a barrel by 10:58 a.m. EDT (1458 GMT). US crude fell $1.26, or 1.9%, to $64.13 a barrel.Earlier this month, Brent reached its highest since early 2020, while US crude hit a 2018 high.Germany, France and Italy said they would suspend the use of the Oxford/AstraZeneca vaccine after reports about possible serious side effects, although the World Health Organization said there was no established link to the vaccine.The moves deepen concerns about the slow pace of vaccinations in the European Union that could hurt an economic recovery and fuel demand.""For oil demand to fully recover, a successful and rapid inoculation of the global population needs to take place"" said Bjornar Tonhaugen, Rystad Energy\'s head of oil markets. ""Before the recent setback, there was positivity that the campaigns under way were on the right track."" The pandemic eviscerated demand for oil. Prices have recovered to levels seen before the global health crisis, but gains have been capped as vaccine rollouts have proceeded slowly in many countries.In the United States, crude inventories are also rising as refineries have taken time to recover fully from a mid-February deep freeze in Texas that halted their operations.""Short-term direction will be set by the weekly US inventory reports,"" PVM analysts said in a note, adding that the dollar\'s strength against other currencies also weighed on the oil price.Analysts expect another week of gains in crude stockpiles when the American Petroleum Institute, an industry group, reports on inventories later on Tuesday.US crude stocks jumped by nearly 14 million barrels in the week to March 5, against forecasts for a rise of less than 1 million barrels.US refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, shipping and trade sources said.', 'NEW YORK: Oil prices fell for a third day on Tuesday, as moves by Germany, France and other European states suspended the use of a major coronavirus vaccine, which threatens the recovery of fuel demand.Brent was down $1.10, or 1.6%, to $67.78 a barrel by 10:58 a.m. EDT (1458 GMT). US crude fell $1.26, or 1.9%, to $64.13 a barrel.Earlier this month, Brent reached its highest since early 2020, while US crude hit a 2018 high.Germany, France and Italy said they would suspend the use of the Oxford/AstraZeneca vaccine after reports about possible serious side effects, although the World Health Organization said there was no established link to the vaccine.The moves deepen concerns about the slow pace of vaccinations in the European Union that could hurt an economic recovery and fuel demand.""For oil demand to fully recover, a successful and rapid inoculation of the global population needs to take place"" said Bjornar Tonhaugen, Rystad Energy\'s head of oil markets. ""Before the recent setback, there was positivity that the campaigns under way were on the right track."" The pandemic eviscerated demand for oil. Prices have recovered to levels seen before the global health crisis, but gains have been capped as vaccine rollouts have proceeded slowly in many countries.In the United States, crude inventories are also rising as refineries have taken time to recover fully from a mid-February deep freeze in Texas that halted their operations.""Short-term direction will be set by the weekly US inventory reports,"" PVM analysts said in a note, adding that the dollar\'s strength against other currencies also weighed on the oil price.Analysts expect another week of gains in crude stockpiles when the American Petroleum Institute, an industry group, reports on inventories later on Tuesday.US crude stocks jumped by nearly 14 million barrels in the week to March 5, against forecasts for a rise of less than 1 million barrels.US refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, shipping and trade sources said.', 'TOKYO: Oil prices fell on Tuesday, extending declines for a third day, as concerns about rising stockpiles in the United States added to the threat to demand posed by countries including Germany and France halting COVID-19 vaccinations.Brent crude was down 58 cents, or 0.8%, at $68.30 by 0041 GMT, having dropped 0.5% on Monday. US crude was down 61 cents, or 0.9%, at $64.78 a barrel, after declining 0.3% in the previous session.Germany, France and Italy plan to suspend AstraZeneca PLC COVID-19 injections after reports of possible serious side effects, although the World Health Organization said there was no established link to the vaccine.These moves are deepening concerns over a slow pace of vaccinations in the region, which may delay any economic recovery from the pandemic in one of the hardest-hit areas.The pandemic eviscerated demand for oil but prices have recovered to levels before the global health crisis, only to be capped as vaccination rollouts have been slow in most countries.In the United States, stockpiles are also rising because of last month\'s ""big freeze"" which halted refining operations that have taken time to fully return.""Crude oil inventories have increased substantially in recent weeks, as a result of US refinery disruptions, which have seen crude oil stocks approaching 500 million barrels,"" ING Economics said in a client note.The American Petroleum Institute, an industry group, will report crude stock pile levels later on Tuesday, followed by official numbers from the Department of Energy on Wednesday, with analysts expecting another week of gain.Crude inventories increased by 12.8 million barrels in the week to March 5, against analysts\' expectations for a rise of less than 1 million barrels.', 'LONDON:Oil prices slipped on Monday after Brent hit $70 a barrel as data showed an accelerating economic recovery in China, which was offset by fears of inflation. Brent crude futures for May were at $68.27 a barrel, down $0.95 or 1.4% by 1515 GMT while US West Texas Intermediate crude for April was at $64.66 a barrel, also down $0.95 or 1.5%. A massive US stimulus package passed this month, raised prospects for global economic growth but also inflation. Still, analysts said a pact by top producers to rein in output and a rebound in demand due to vaccine rollouts will keep pushing prices upwards despite any temporary setbacks. “The inflation genie has found life rather uncomfortable in its bottle,â€ÂÂ\x9d said Oanda senior market analyst Jeffrey Halley. “Futures spreads remain in backwardation, and dips in prices remain shallow and short-lived,â€ÂÂ\x9d he added, referring to a market structure in which the current value is higher than prices for later contracts, encouraging oil sales. “Both (benchmarks) will find a procession of willing buyers if those regions are visited.â€ÂÂ\x9d Published in The Express Tribune, March 16th, 2021.Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.', 'LONDON:Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and France halted Covid-19 vaccinations.Brent crude was $1.03, or 1.5%, lower at $67.85 by 1002 GMT. US West Texas Intermediate (WTI) crude was down 96 cents, or 1.4%, at $64.43 a barrel.Germany, France and Italy plan to suspend AstraZeneca Covid-19 injections after reports of possible serious side effects, although the World Health Organisation said there was no established link to the vaccine.These moves are deepening concerns about a slow pace of vaccinations in the European Union, which may delay any economic recovery from the pandemic in one of the hardest-hit areas.The pandemic eviscerated demand for oil but prices have recovered to levels seen before the global health crisis, only to be capped as vaccination rollouts have been slow in most countries.In the United States, stockpiles are also rising because of last month’s “big freezeâ€ÂÂ\x9d which halted refining operations that have taken time to fully return.“Short-term direction will be set by the weekly US inventory reports,â€ÂÂ\x9d PVM analysts said in a note, adding the strength of the dollar against other currencies is weighing on oil prices.The American Petroleum Institute, an industry group, will report crude stockpile levels later on Tuesday, followed by official numbers from the Department of Energy on Wednesday, with analysts expecting another week of gains.Crude inventories increased by 12.8 million barrels in the week to March 5, against analysts’ expectations for a rise of less than one million barrels.']","['LONDON oil prices fell for a third day on tuesday, as a recovery in demand was threatened by rising US inventories and moves by germany, france and some other european states to suspend the use of a major coronavirus vaccine.brent was down $1.11 cents, or 1.6%, at $67.77 a barrel by 1325 GMT. US crude fell $1.17, or 1.7%, at $64.22.germany, france and italy said they would suspend the use of the Oxford/AstraZeneca vaccine after reports about possible serious side effects, although the world health organization said there was no established link to the vaccine.the moves deepen concerns about the slow pace of vaccinations in the european union, threatening an economic recovery and fuel demand.the pandemic eviscerated demand for oil. prices have recovered to levels seen before the global health crisis, but gains have been capped as vaccine rollouts have proceeded slowly in many countries.in the united states, crude inventories are also rising as refineries have taken time to recover fully from a ""big freeze"" that halted their operations in texas and elsewhere.""Short-term direction will be set by the weekly US inventory reports,"" PVM analysts said in a note, adding that the dollar strength against other currencies also weighed on the oil price.analysts expect another week of inventory gains when the american petroleum institute, an industry group, reports on crude stockpiles on tuesday, followed by official numbers from the department of energy on Wednesday.Inventories rose by 12.8 million barrels in the week to march 5, against forecasts for a rise of less than 1 million barrels.', 'LONDON oil prices fell for a third day on tuesday, as a recovery in demand was threatened by rising US inventories and moves by germany, france and some other european states to suspend the use of a major coronavirus vaccine.brent was down $1.11 cents, or 1.6%, at $67.77 a barrel by 1325 GMT. US crude fell $1.17, or 1.7%, at $64.22.germany, france and italy said they would suspend the use of the Oxford/AstraZeneca vaccine after reports about possible serious side effects, although the world health organization said there was no established link to the vaccine.the moves deepen concerns about the slow pace of vaccinations in the european union, threatening an economic recovery and fuel demand.the pandemic eviscerated demand for oil. prices have recovered to levels seen before the global health crisis, but gains have been capped as vaccine rollouts have proceeded slowly in many countries.in the united states, crude inventories are also rising as refineries have taken time to recover fully from a ""big freeze"" that halted their operations in texas and elsewhere.""Short-term direction will be set by the weekly US inventory reports,"" PVM analysts said in a note, adding that the dollar strength against other currencies also weighed on the oil price.analysts expect another week of inventory gains when the american petroleum institute, an industry group, reports on crude stockpiles on tuesday, followed by official numbers from the department of energy on Wednesday.Inventories rose by 12.8 million barrels in the week to march 5, against forecasts for a rise of less than 1 million barrels.', 'NEW YORK oil prices fell for a third day on tuesday, as moves by germany, france and other european states suspended the use of a major coronavirus vaccine, which threatens the recovery of fuel demand.brent was down $1.10, or 1.6%, to $67.78 a barrel by 10 58 a.m. EDT (1458 GMT). US crude fell $1.26, or 1.9%, to $64.13 a barrel.earlier this month, brent reached its highest since early 2020, while US crude hit a 2018 high.germany, france and italy said they would suspend the use of the Oxford/AstraZeneca vaccine after reports about possible serious side effects, although the world health organization said there was no established link to the vaccine.the moves deepen concerns about the slow pace of vaccinations in the european union that could hurt an economic recovery and fuel demand.""for oil demand to fully recover, a successful and rapid inoculation of the global population needs to take place"" said bjornar tonhaugen, rystad energy head of oil markets. ""before the recent setback, there was positivity that the campaigns under way were on the right track."" the pandemic eviscerated demand for oil. prices have recovered to levels seen before the global health crisis, but gains have been capped as vaccine rollouts have proceeded slowly in many countries.in the united states, crude inventories are also rising as refineries have taken time to recover fully from a mid-February deep freeze in texas that halted their operations.""Short-term direction will be set by the weekly US inventory reports,"" PVM analysts said in a note, adding that the dollar strength against other currencies also weighed on the oil price.analysts expect another week of gains in crude stockpiles when the american petroleum institute, an industry group, reports on inventories later on Tuesday.US crude stocks jumped by nearly 14 million barrels in the week to march 5, against forecasts for a rise of less than 1 million barrels.US refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, shipping and trade sources said.', 'NEW YORK oil prices fell for a third day on tuesday, as moves by germany, france and other european states suspended the use of a major coronavirus vaccine, which threatens the recovery of fuel demand.brent was down $1.10, or 1.6%, to $67.78 a barrel by 10 58 a.m. EDT (1458 GMT). US crude fell $1.26, or 1.9%, to $64.13 a barrel.earlier this month, brent reached its highest since early 2020, while US crude hit a 2018 high.germany, france and italy said they would suspend the use of the Oxford/AstraZeneca vaccine after reports about possible serious side effects, although the world health organization said there was no established link to the vaccine.the moves deepen concerns about the slow pace of vaccinations in the european union that could hurt an economic recovery and fuel demand.""for oil demand to fully recover, a successful and rapid inoculation of the global population needs to take place"" said bjornar tonhaugen, rystad energy head of oil markets. ""before the recent setback, there was positivity that the campaigns under way were on the right track."" the pandemic eviscerated demand for oil. prices have recovered to levels seen before the global health crisis, but gains have been capped as vaccine rollouts have proceeded slowly in many countries.in the united states, crude inventories are also rising as refineries have taken time to recover fully from a mid-February deep freeze in texas that halted their operations.""Short-term direction will be set by the weekly US inventory reports,"" PVM analysts said in a note, adding that the dollar strength against other currencies also weighed on the oil price.analysts expect another week of gains in crude stockpiles when the american petroleum institute, an industry group, reports on inventories later on Tuesday.US crude stocks jumped by nearly 14 million barrels in the week to march 5, against forecasts for a rise of less than 1 million barrels.US refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, shipping and trade sources said.', 'TOKYO oil prices fell on tuesday, extending declines for a third day, as concerns about rising stockpiles in the united states added to the threat to demand posed by countries including germany and france halting COVID-19 vaccinations.brent crude was down 58 cents, or 0.8%, at $68.30 by 0041 GMT, having dropped 0.5% on monday. US crude was down 61 cents, or 0.9%, at $64.78 a barrel, after declining 0.3% in the previous session.germany, france and italy plan to suspend AstraZeneca PLC COVID-19 injections after reports of possible serious side effects, although the world health organization said there was no established link to the vaccine.these moves are deepening concerns over a slow pace of vaccinations in the region, which may delay any economic recovery from the pandemic in one of the hardest-hit areas.the pandemic eviscerated demand for oil but prices have recovered to levels before the global health crisis, only to be capped as vaccination rollouts have been slow in most countries.in the united states, stockpiles are also rising because of last month ""big freeze"" which halted refining operations that have taken time to fully return.""crude oil inventories have increased substantially in recent weeks, as a result of US refinery disruptions, which have seen crude oil stocks approaching 500 million barrels,"" ING economics said in a client note.the american petroleum institute, an industry group, will report crude stock pile levels later on tuesday, followed by official numbers from the department of energy on wednesday, with analysts expecting another week of gain.crude inventories increased by 12.8 million barrels in the week to march 5, against analysts\' expectations for a rise of less than 1 million barrels.', 'LONDON oil prices slipped on monday after brent hit $70 a barrel as data showed an accelerating economic recovery in china, which was offset by fears of inflation. brent crude futures for may were at $68.27 a barrel, down $0.95 or 1.4% by 1515 GMT while US west texas intermediate crude for april was at $64.66 a barrel, also down $0.95 or 1.5%. A massive US stimulus package passed this month, raised prospects for global economic growth but also inflation. still, analysts said a pact by top producers to rein in output and a rebound in demand due to vaccine rollouts will keep pushing prices upwards despite any temporary setbacks. the inflation genie has found life rather uncomfortable in its bottle, said oanda senior market analyst jeffrey halley. futures spreads remain in backwardation, and dips in prices remain shallow and short-lived, he added, referring to a market structure in which the current value is higher than prices for later contracts, encouraging oil sales. both (benchmarks) will find a procession of willing buyers if those regions are visited. ', 'LONDON oil prices dropped on tuesday, extending declines to three consecutive days, as rising stockpiles in the united states added to the risks to a demand recovery after countries including germany and france halted Covid-19 vaccinations.brent crude was $1.03, or 1.5%, lower at $67.85 by 1002 GMT. US west texas intermediate (WTI) crude was down 96 cents, or 1.4%, at $64.43 a barrel.germany, france and italy plan to suspend AstraZeneca Covid-19 injections after reports of possible serious side effects, although the world health organisation said there was no established link to the vaccine.these moves are deepening concerns about a slow pace of vaccinations in the european union, which may delay any economic recovery from the pandemic in one of the hardest-hit areas.the pandemic eviscerated demand for oil but prices have recovered to levels seen before the global health crisis, only to be capped as vaccination rollouts have been slow in most countries.in the united states, stockpiles are also rising because of last months big freeze which halted refining operations that have taken time to fully return.Short-term direction will be set by the weekly US inventory reports, PVM analysts said in a note, adding the strength of the dollar against other currencies is weighing on oil prices.the american petroleum institute, an industry group, will report crude stockpile levels later on tuesday, followed by official numbers from the department of energy on wednesday, with analysts expecting another week of gains.crude inventories increased by 12.8 million barrels in the week to march 5, against analysts expectations for a rise of less than one million barrels.']","['https://www.brecorder.com/news/40074247/oil-drops-as-inventories-and-covid-vaccine-halt-threaten-demand', 'https://www.brecorder.com/news/40074247/oil-drops-as-inventories-and-covid-vaccine-halt-threaten-demand', 'https://www.brecorder.com/news/40074348/oil-drops-2pc-as-covid-19-vaccine-halt-threatens-demand', 'https://www.brecorder.com/news/40074348/oil-drops-2pc-as-covid-19-vaccine-halt-threatens-demand', 'https://www.brecorder.com/news/40074138/oil-falls-amid-stockpiling-concern-european-vaccine-woe-threatens-demand', 'https://tribune.com.pk/story/2289610/oil-prices-slip-from-70', 'https://tribune.com.pk/story/2289732/oil-drops-amid-rising-stockpiles-demand-concerns']","['brent, , ']","['brent was down', 'oil prices fell', 'brent was down', 'oil prices fell', 'oil prices fell', 'oil prices slip', 'oil prices dropped']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg']",101.99,"[-1.43, -5.33, -1.43, -5.33, -5.33, -1.78, -1.61]",-3.18,-1,-3,3,0,"{
""Trading Recommendation"": ""Refrain from the market"",
""Rationale"": ""The overall news impact is negative, indicating a sell sentiment. However, the technical indicators are mixed, with EMA55 and EMA9 signaling sell, while MACD and RSI showing no clear direction. Given the conflicting signals and the negative news impact, it's prudent to refrain from entering the market at this time.""
}"
3/17/2021,"['Oil drops as states halt vaccine use', 'Oil drops as states halt vaccine use']","['oil drops as states halt vaccine use', 'oil drops as states halt vaccine use']","['Tribune', 'Tribune']","['Brent was down $1.10, or 1.6%, to $67.78 a barrel\nNEW YORK:\n \n Oil prices fell for a third day on Tuesday, as Germany, France and other European states suspended the use of a major coronavirus vaccine, which threatens the recovery of fuel demand. Brent was down $1.10, or 1.6%, to $67.78 a barrel. US crude fell $1.26, or 1.9%, to $64.13 a barrel. Earlier this month, Brent reached its highest since early 2020, while US crude hit a 2018 high. Germany, France and Italy said they would suspend the use of Oxford/AstraZeneca vaccine after reports of possible serious side-effects, although the World Health Organisation said there was no established link to the vaccine. The moves deepen concerns about the slow pace of vaccinations in the European Union that could hurt an economic recovery and fuel demand. “For oil demand to fully recover, a successful and rapid inoculation of the global population needs to take place,â€ÂÂ\x9d said Rystad Energy Head of Oil Markets Bjornar Tonhaugen.', 'Brent was down $1.10, or 1.6%, to $67.78 a barrel\nNEW YORK:\n \n Oil prices fell for a third day on Tuesday, as Germany, France and other European states suspended the use of a major coronavirus vaccine, which threatens the recovery of fuel demand. Brent was down $1.10, or 1.6%, to $67.78 a barrel. US crude fell $1.26, or 1.9%, to $64.13 a barrel. Earlier this month, Brent reached its highest since early 2020, while US crude hit a 2018 high. Germany, France and Italy said they would suspend the use of Oxford/AstraZeneca vaccine after reports of possible serious side-effects, although the World Health Organisation said there was no established link to the vaccine. The moves deepen concerns about the slow pace of vaccinations in the European Union that could hurt an economic recovery and fuel demand. “For oil demand to fully recover, a successful and rapid inoculation of the global population needs to take place,â€ÂÂ\x9d said Rystad Energy Head of Oil Markets Bjornar Tonhaugen.']","['brent was down $1.10, or 1.6%, to $67.78 a barrel NEW YORK oil prices fell for a third day on tuesday, as germany, france and other european states suspended the use of a major coronavirus vaccine, which threatens the recovery of fuel demand. brent was down $1.10, or 1.6%, to $67.78 a barrel. US crude fell $1.26, or 1.9%, to $64.13 a barrel. earlier this month, brent reached its highest since early 2020, while US crude hit a 2018 high. germany, france and italy said they would suspend the use of Oxford/AstraZeneca vaccine after reports of possible serious side-effects, although the world health organisation said there was no established link to the vaccine. the moves deepen concerns about the slow pace of vaccinations in the european union that could hurt an economic recovery and fuel demand. for oil demand to fully recover, a successful and rapid inoculation of the global population needs to take place, said rystad energy head of oil markets bjornar tonhaugen.', 'brent was down $1.10, or 1.6%, to $67.78 a barrel NEW YORK oil prices fell for a third day on tuesday, as germany, france and other european states suspended the use of a major coronavirus vaccine, which threatens the recovery of fuel demand. brent was down $1.10, or 1.6%, to $67.78 a barrel. US crude fell $1.26, or 1.9%, to $64.13 a barrel. earlier this month, brent reached its highest since early 2020, while US crude hit a 2018 high. germany, france and italy said they would suspend the use of Oxford/AstraZeneca vaccine after reports of possible serious side-effects, although the world health organisation said there was no established link to the vaccine. the moves deepen concerns about the slow pace of vaccinations in the european union that could hurt an economic recovery and fuel demand. for oil demand to fully recover, a successful and rapid inoculation of the global population needs to take place, said rystad energy head of oil markets bjornar tonhaugen.']","['https://tribune.com.pk/story/2289787/oil-drops-as-states-halt-vaccine-use', 'https://tribune.com.pk/story/2289787/oil-drops-as-states-halt-vaccine-use']","['brent, , ']","['brent was down', 'oil prices fell']","['neg', 'neg']",102.78,"[-1.43, -5.33]",-3.38,-2,-3,3,0,"{
""Trading Recommendation"": ""Refrain from the Market"",
""Rationale"": ""Despite the overall negative news impact, the technical indicators are mixed with EMA55 and EMA9 signaling a sell, while MACD signals a buy. This conflicting information suggests uncertainty in market direction. Therefore, it's prudent to refrain from entering the market until there's more clarity.""
}"
3/18/2021,"['Oil falls 4pc as dollar rises and vaccine rollout stalls', 'US yields scale new heights, tech drop pressures Wall St', 'Oil falls as inventories rise, vaccine rollout stalls', 'Oil falls as inventories rise and vaccine rollout stalls', 'Oil falls 2pc as inventories rise and vaccine rollout stalls']","['oil falls 4pc as dollar rises and vaccine rollout stalls', 'US yields scale new heights, tech drop pressures wall st', 'oil falls as inventories rise, vaccine rollout stalls', 'oil falls as inventories rise and vaccine rollout stalls', 'oil falls 2pc as inventories rise and vaccine rollout stalls']","['Business Recorder', 'Business Recorder', 'Tribune', 'Business Recorder', 'Business Recorder']","['NEW YORK: Oil prices sunk for a fifth day in a row on Thursday to their lowest in two weeks on a stronger dollar, a further increase in US crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.Brent futures fell $2.65, or 3.9%, to $65.35 a barrel by 11:05 a.m. EDT (1505 GMT), while US West Texas Intermediate (WTI) crude was $2.70, or 4.2%, lower at $61.90.That puts both contracts on track for their lowest closes since March 3. The fifth day of declines for both contracts also marks the longest losing streak for WTI since February 2020 and for Brent since September 2020.That also puts both contracts down over 8% since March 8 when Brent rose to $71.38 a barrel, its highest since January 2020, and WTI rose to $67.98, its highest since October 2018.The International Energy Agency said on Wednesday that the Paris-based energy watchdog does not expect oil prices to enter a supercycle, or an extended period where prices rise well above their long-run trend.""The oil price \'super\' cycle rhetoric is finally getting a bit of a reality check. The negative sentiment was kicked off by doubts in Europe over the AstraZeneca vaccine, and was ossified by the nearly 2.4 million-barrel build in US crude inventories,"" said Louise Dickson, oil markets analyst at Rystad Energy.US government data on Wednesday showed crude inventories have risen for four straight weeks after severe cold weather in Texas and the central part of the country in February forced shutdowns at refineries.US crude inventories rose by 2.4 million barrels last week, the US Energy Information Administration (EIA) said on Wednesday.Traders said those stockpiles could grow further now that WTI on March 12 switched from backwardation to contango, where front-month is cheaper than the second-month.""Contango is bearish because it encourages (firms to) store crude oil and sell it further down the curve at a profit,"" said Bob Yawger, director of energy futures at Mizuho in New York.The premium of the Brent front-month over its second-month, meanwhile, was the lowest since early February.A sharp rise in the value of the dollar after the US Federal Reserve meeting has also contributed to the oil sell-off. A stronger dollar makes oil more expensive for holders of other currencies.""Yesterday\'s US Federal Reserve meeting provided a boost to equities ... US economic growth has been revised upwards while unemployment is expected to decline,"" PVM Oil Associates analyst Tamas Varga.A slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus, meanwhile, have tempered expectations for a recovery in fuel use.Britain said that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expects deliveries to increase from May.A number of European countries have halted use of the AstraZeneca shot because of concerns about possible side effects, though the World Health Organization said Europe should continue to use the vaccine.', 'NEW YORK/LONDON: Benchmark US Treasury yields hit 14-month peaks on Thursday, putting fresh pressure on technology stocks, as markets reversed some moves from their initial reactions to the Federal Reserve\'s policy statement a day earlier.The tech-heavy Nasdaq fell over 1% in morning trading, while MSCI\'s gauge of stocks across the globe gained 0.01%, supported by European shares as the pan-European STOXX 600 index rose 0.45%.The dollar rallied, pressuring oil prices and reversing an initial fall following the US central bank\'s meeting on Wednesday, when the Fed said the US economy is heading for its strongest growth in nearly 40 years as it recovers from the COVID-19 crisis.Investors said markets were continuing to react to the Fed\'s meeting and Chairman Jerome Powell\'s press conference, as the central bank pledged to keep its foot on the gas despite an expected surge of inflation.""It\'s all about the Federal Reserve meeting driving the markets today,"" said Brad Peterson, regional portfolio adviser at Northern Trust Wealth Management.""While they reassured people that they aren\'t going to be in any hurry to raise short rates, their comfort with the back-up in rates at the long end of the curve is a bit surprising to people.""On Wall Street, the Dow Jones Industrial Average rose 171.76 points, or 0.52%, to 33,187.13, the S&P 500 lost 13.8 points, or 0.35%, to 3,960.32 and the Nasdaq Composite dropped 181.76 points, or 1.34%, to 13,343.44.The S&P 500 tech sector slumped more than 1% while financials, which are sensitive to bond yields, were the best-performing group.The yield on the 10-year US Treasury note rose as high as 1.754%, its highest level since January 2020, leading a worldwide move higher in bond yields.Benchmark 10-year notes last fell 25/32 in price to yield 1.7277%, from 1.641% late on Wednesday.""I don\'t know what the Fed can do to stop a rise in yields that is based on stronger fundamentals,"" said BCA chief global fixed income strategist Rob Robis, pointing to the $1.9 trillion US coronavirus relief package that will drive growth.""The path of least resistance is still toward higher yields,"" he said. ""The US Treasury market leads the world and every bond market responds.""Data showed the number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the labor market is regaining its footing as an acceleration in the pace of vaccinations leads to more businesses reopening.The US dollar rallied across the board, as higher Treasury yields helped it recoup losses from the previous session.The dollar index rose 0.474%, with the euro down 0.53% to $1.1914.Oil prices fell for a fifth day on a stronger dollar, a further increase in US crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.US crude recently fell 4.02% to $62.00 per barrel and Brent was at $65.44, down 3.76% on the day.', 'LONDON:Oil prices fell for a fifth day running on Thursday after official data showed a further increase in US crude and fuel inventories while the ever-present Covid-19 pandemic clouded the prospects for demand recovery.Brent crude fell $0.5, or 0.74%, to $67.50 a barrel by 1150 GMT after dropping 0.82% on Wednesday. US oil was down $0.53, or 0.82%, at $64.07 after shedding 0.3% in the previous session.Both contracts are down nearly 3% over the past five days.“Short-term developments – stuttering vaccine rollouts and the build in US oil inventories – are driving sentiment, but the longer-term oil outlook is still encouraging,â€ÂÂ\x9d said PVM Oil Associates analyst Tamas Varga.“Yesterday’s (Wednesday’s) US Federal Reserve meeting provided a boost to equities ... US economic growth has been revised upwards while unemployment is expected to decline.â€ÂÂ\x9dGovernment data on Wednesday showed US crude inventories have risen for four straight weeks after severe cold weather forced shutdowns at refineries in the south. An industry report estimating a decline had raised hopes of a halt to the gains.US crude inventories rose by 2.4 million barrels last week, the US Energy Information Administration (EIA) said on Wednesday, a day after the American Petroleum Institute (API) estimated that there had been a 1-million-barrel decline.Varga added that the market would be waiting for US manufacturing data next week for further indications on the health of the world’s largest economy.A slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus tempered expectations for a recovery in fuel use.Britain said on Thursday that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expected deliveries to increase from May.A number of European countries have halted the use of AstraZeneca shot because of concerns about possible side effects, though the World Health Organisation said that Europe should continue to use the vaccine.', 'LONDON: Oil prices fell for a fifth day running on Thursday after official data showed a further increase in US crude and fuel inventories while the ever-present COVID-19 pandemic clouded the prospects for demand recovery.Brent crude fell 50 cents, or 0.74%, to $67.50 a barrel by 1150 GMT after dropping 0.82% on Wednesday. US oil was down 53 cents, or 0.82%, at $64.07 after shedding 0.3% in the previous session. Both contracts are down nearly 3% over the past five days.""Short-term developments - stuttering vaccine rollouts and the build in US oil inventories - are driving sentiment, but the longer-term oil outlook is still encouraging,"" said PVM Oil Associates analyst Tamas Varga.""Yesterday\'s US Federal Reserve meeting provided a boost to equities ... US economic growth has been revised upwards while unemployment is expected to decline.""Government data on Wednesday showed US crude inventories have risen for four straight weeks after severe cold weather forced shutdowns at refineries in the south. An industry report estimating a decline had raised hopes of a halt to the gains.US crude inventories rose by 2.4 million barrels last week, the US Energy Information Administration (EIA) said on Wednesday, a day after the American Petroleum Institute (API) estimated that there had been a 1 million barrel decline.Varga added that the market would waiting for US manufacturing data next week for further indications on the health of the world\'s largest economy.A slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus tempered expectations for a recovery in fuel use.Britain said on Thursday that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expected deliveries to increase from May.A number of European countries have halted use of the AstraZeneca shot because of concerns about possible side effects, though the World Health Organization said that Europe should continue to use the vaccine.', 'LONDON: Oil prices fell for a fifth day running on Thursday on a stronger dollar, a further increase in US crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.Brent crude fell $1.47, or 2.16%, to $66.53 a barrel by 1341 GMT. US oil was down $1.50, or 2.32%, at $63.10 after shedding 0.3% in the previous session. Both contracts are down more than 4% over the past five days.""Short-term developments - stuttering vaccine rollouts and the build in US oil inventories - are driving sentiment, but the longer-term oil outlook is still encouraging,"" said PVM Oil Associates analyst Tamas Varga.""Yesterday\'s US Federal Reserve meeting provided a boost to equities ... US economic growth has been revised upwards while unemployment is expected to decline."" A sharp rise in the value of the dollar after the Fed meeting has also driven the oil sell-off.Government data on Wednesday showed US crude inventories have risen for four straight weeks after severe cold weather forced shutdowns at refineries in the south. An industry report estimating a decline had raised hopes of a halt to the gains.US crude inventories rose by 2.4 million barrels last week, the US Energy Information Administration (EIA) said on Wednesday, a day after the American Petroleum Institute (API) estimated that there had been a 1 million barrel decline.Varga added that the market would waiting for US manufacturing data next week for further indications on the health of the world\'s largest economy.""Lower crude demand from Asian buyers as a result of upcoming refinery maintenance and probably higher prices is also something not helping crude at the moment,"" said UBS commodity analyst Giovanni Staunovo.A slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus have tempered expectations for a recovery in fuel use.Britain said on Thursday that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expects deliveries to increase from May.A number of European countries have halted use of the AstraZeneca shot because of concerns about possible side effects, though the World Health Organization said that Europe should continue to use the vaccine.']","['NEW YORK oil prices sunk for a fifth day in a row on thursday to their lowest in two weeks on a stronger dollar, a further increase in US crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.brent futures fell $2.65, or 3.9%, to $65.35 a barrel by 11 05 a.m. EDT (1505 GMT), while US west texas intermediate (WTI) crude was $2.70, or 4.2%, lower at $61.90.that puts both contracts on track for their lowest closes since march 3. the fifth day of declines for both contracts also marks the longest losing streak for WTI since february 2020 and for brent since september 2020.that also puts both contracts down over 8% since march 8 when brent rose to $71.38 a barrel, its highest since january 2020, and WTI rose to $67.98, its highest since october 2018.the international energy agency said on wednesday that the Paris-based energy watchdog does not expect oil prices to enter a supercycle, or an extended period where prices rise well above their long-run trend.""the oil price uper\' cycle rhetoric is finally getting a bit of a reality check. the negative sentiment was kicked off by doubts in europe over the AstraZeneca vaccine, and was ossified by the nearly 2.4 million-barrel build in US crude inventories,"" said louise dickson, oil markets analyst at rystad Energy.US government data on wednesday showed crude inventories have risen for four straight weeks after severe cold weather in texas and the central part of the country in february forced shutdowns at refineries.US crude inventories rose by 2.4 million barrels last week, the US energy information administration (EIA) said on Wednesday.Traders said those stockpiles could grow further now that WTI on march 12 switched from backwardation to contango, where front-month is cheaper than the second-month.""Contango is bearish because it encourages (firms to) store crude oil and sell it further down the curve at a profit,"" said bob yawger, director of energy futures at mizuho in new York.The premium of the brent front-month over its second-month, meanwhile, was the lowest since early February.A sharp rise in the value of the dollar after the US federal reserve meeting has also contributed to the oil sell-off. A stronger dollar makes oil more expensive for holders of other currencies.""yesterday US federal reserve meeting provided a boost to equities . US economic growth has been revised upwards while unemployment is expected to decline,"" PVM oil associates analyst tamas Varga.A slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus, meanwhile, have tempered expectations for a recovery in fuel use.britain said that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expects deliveries to increase from May.A number of european countries have halted use of the AstraZeneca shot because of concerns about possible side effects, though the world health organization said europe should continue to use the vaccine.', 'NEW YORK/LONDON benchmark US treasury yields hit 14-month peaks on thursday, putting fresh pressure on technology stocks, as markets reversed some moves from their initial reactions to the federal reserve policy statement a day earlier.the tech-heavy nasdaq fell over 1% in morning trading, while MSCI gauge of stocks across the globe gained 0.01%, supported by european shares as the pan-European STOXX 600 index rose 0.45%.the dollar rallied, pressuring oil prices and reversing an initial fall following the US central bank meeting on wednesday, when the fed said the US economy is heading for its strongest growth in nearly 40 years as it recovers from the COVID-19 crisis.investors said markets were continuing to react to the fed meeting and chairman jerome powell press conference, as the central bank pledged to keep its foot on the gas despite an expected surge of inflation.""it all about the federal reserve meeting driving the markets today,"" said brad peterson, regional portfolio adviser at northern trust wealth Management.""While they reassured people that they aren\'t going to be in any hurry to raise short rates, their comfort with the back-up in rates at the long end of the curve is a bit surprising to people.""on wall street, the dow jones industrial average rose 171.76 points, or 0.52%, to 33,187.13, the S&P 500 lost 13.8 points, or 0.35%, to 3,960.32 and the nasdaq composite dropped 181.76 points, or 1.34%, to 13,343.44.the S&P 500 tech sector slumped more than 1% while financials, which are sensitive to bond yields, were the best-performing group.the yield on the 10-year US treasury note rose as high as 1.754%, its highest level since january 2020, leading a worldwide move higher in bond yields.benchmark 10-year notes last fell 25/32 in price to yield 1.7277%, from 1.641% late on Wednesday.""I don\'t know what the fed can do to stop a rise in yields that is based on stronger fundamentals,"" said BCA chief global fixed income strategist rob robis, pointing to the $1.9 trillion US coronavirus relief package that will drive growth.""the path of least resistance is still toward higher yields,"" he said. ""the US treasury market leads the world and every bond market responds.""data showed the number of americans filing new claims for unemployment benefits unexpectedly rose last week, but the labor market is regaining its footing as an acceleration in the pace of vaccinations leads to more businesses reopening.the US dollar rallied across the board, as higher treasury yields helped it recoup losses from the previous session.the dollar index rose 0.474%, with the euro down 0.53% to $1.1914.oil prices fell for a fifth day on a stronger dollar, a further increase in US crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.US crude recently fell 4.02% to $62.00 per barrel and brent was at $65.44, down 3.76% on the day.', 'LONDON oil prices fell for a fifth day running on thursday after official data showed a further increase in US crude and fuel inventories while the ever-present Covid-19 pandemic clouded the prospects for demand recovery.brent crude fell $0.5, or 0.74%, to $67.50 a barrel by 1150 GMT after dropping 0.82% on wednesday. US oil was down $0.53, or 0.82%, at $64.07 after shedding 0.3% in the previous session.both contracts are down nearly 3% over the past five days.Short-term developments stuttering vaccine rollouts and the build in US oil inventories are driving sentiment, but the longer-term oil outlook is still encouraging, said PVM oil associates analyst tamas Varga.Yesterdays (Wednesdays) US federal reserve meeting provided a boost to equities . US economic growth has been revised upwards while unemployment is expected to decline.government data on wednesday showed US crude inventories have risen for four straight weeks after severe cold weather forced shutdowns at refineries in the south. an industry report estimating a decline had raised hopes of a halt to the gains.US crude inventories rose by 2.4 million barrels last week, the US energy information administration (EIA) said on wednesday, a day after the american petroleum institute (API) estimated that there had been a 1-million-barrel decline.varga added that the market would be waiting for US manufacturing data next week for further indications on the health of the worlds largest economy.a slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus tempered expectations for a recovery in fuel use.britain said on thursday that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expected deliveries to increase from May.A number of european countries have halted the use of AstraZeneca shot because of concerns about possible side effects, though the world health organisation said that europe should continue to use the vaccine.', 'LONDON oil prices fell for a fifth day running on thursday after official data showed a further increase in US crude and fuel inventories while the ever-present COVID-19 pandemic clouded the prospects for demand recovery.brent crude fell 50 cents, or 0.74%, to $67.50 a barrel by 1150 GMT after dropping 0.82% on wednesday. US oil was down 53 cents, or 0.82%, at $64.07 after shedding 0.3% in the previous session. both contracts are down nearly 3% over the past five days.""Short-term developments - stuttering vaccine rollouts and the build in US oil inventories - are driving sentiment, but the longer-term oil outlook is still encouraging,"" said PVM oil associates analyst tamas Varga.""Yesterday US federal reserve meeting provided a boost to equities . US economic growth has been revised upwards while unemployment is expected to decline.""government data on wednesday showed US crude inventories have risen for four straight weeks after severe cold weather forced shutdowns at refineries in the south. an industry report estimating a decline had raised hopes of a halt to the gains.US crude inventories rose by 2.4 million barrels last week, the US energy information administration (EIA) said on wednesday, a day after the american petroleum institute (API) estimated that there had been a 1 million barrel decline.varga added that the market would waiting for US manufacturing data next week for further indications on the health of the world largest economy.a slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus tempered expectations for a recovery in fuel use.britain said on thursday that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expected deliveries to increase from May.A number of european countries have halted use of the AstraZeneca shot because of concerns about possible side effects, though the world health organization said that europe should continue to use the vaccine.', 'LONDON oil prices fell for a fifth day running on thursday on a stronger dollar, a further increase in US crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.brent crude fell $1.47, or 2.16%, to $66.53 a barrel by 1341 GMT. US oil was down $1.50, or 2.32%, at $63.10 after shedding 0.3% in the previous session. both contracts are down more than 4% over the past five days.""Short-term developments - stuttering vaccine rollouts and the build in US oil inventories - are driving sentiment, but the longer-term oil outlook is still encouraging,"" said PVM oil associates analyst tamas Varga.""Yesterday US federal reserve meeting provided a boost to equities . US economic growth has been revised upwards while unemployment is expected to decline."" A sharp rise in the value of the dollar after the fed meeting has also driven the oil sell-off.Government data on wednesday showed US crude inventories have risen for four straight weeks after severe cold weather forced shutdowns at refineries in the south. an industry report estimating a decline had raised hopes of a halt to the gains.US crude inventories rose by 2.4 million barrels last week, the US energy information administration (EIA) said on wednesday, a day after the american petroleum institute (API) estimated that there had been a 1 million barrel decline.varga added that the market would waiting for US manufacturing data next week for further indications on the health of the world largest economy.""lower crude demand from asian buyers as a result of upcoming refinery maintenance and probably higher prices is also something not helping crude at the moment,"" said UBS commodity analyst giovanni Staunovo.A slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus have tempered expectations for a recovery in fuel use.britain said on thursday that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expects deliveries to increase from May.A number of european countries have halted use of the AstraZeneca shot because of concerns about possible side effects, though the world health organization said that europe should continue to use the vaccine.']","['https://www.brecorder.com/news/40075279/oil-falls-4pc-as-dollar-rises-and-vaccine-rollout-stalls', 'https://www.brecorder.com/news/40075289/us-yields-scale-new-heights-tech-drop-pressures-wall-st', 'https://tribune.com.pk/story/2290150/oil-falls-as-inventories-rise-vaccine-rollout-stalls', 'https://www.brecorder.com/news/40075124/oil-falls-as-inventories-rise-and-vaccine-rollout-stalls', 'https://www.brecorder.com/news/40075206/oil-falls-2pc-as-inventories-rise-and-vaccine-rollout-stalls']","['brent, , ']","['oil prices sunk', 'oil prices fell', 'oil prices fell', 'oil prices fell', 'oil prices fell']","['neg', 'neg', 'neg', 'neg', 'neg']",101.84,"[-1.05, -5.33, -5.33, -5.33, -5.33]",-4.47,-1,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news sentiment is negative but not significantly low. The market signal also suggests a neutral stance. Hence, we recommend holding the position and closely monitoring the market for any significant changes in sentiment.""
}"
3/19/2021,"['Stocks fall, led by bank shares; oil steadies after plunge', 'Oil drops by the most since 2020 as vaccine rollout stalls', 'Oil extend losses amid gloomy demand outlook', 'Nasdaq drops 3% on inflation fears, WTI oil loses 7.1%']","['stocks fall, led by bank shares oil steadies after plunge', 'oil drops by the most since 2020 as vaccine rollout stalls', 'oil extend losses amid gloomy demand outlook', 'nasdaq drops 3% on inflation fears, WTI oil loses 7.1%']","['Business Recorder', 'Tribune', 'Business Recorder', 'Business Recorder']","['NEW YORK/LONDON: A gauge of global stocks fell on Friday as declines in US bank shares weighed on the S&P 500 after the Federal Reserve said it would let a key leverage exemption expire, while oil prices steadied after getting pummeled a day earlier.Benchmark US Treasury yields, which have driven market moves broadly in recent weeks, hovered near 14-month highs while the US dollar strengthened for a second day.Big US banks will have to resume holding an extra layer of loss-absorbing capital against US Treasuries and central bank deposits from next month after the Fed said it would not extend a temporary waiver that had exempted those assets from a key bank leverage rule.Stocks globally eased as investors sought the next reasons to add risk following the passing of President Joe Biden\'s $1.9 trillion stimulus plan, broadening COVID-19 vaccinations and encouraging economic news.""We have had such a strong period of news-flow and catalysts on the positive end that now that a lot of those have largely been put into the market, we are now a little bit more susceptible to negative news causing big drawdowns,"" said Mark Hackett, chief of investment research at Nationwide.On Wall Street, the Dow Jones Industrial Average fell 180.2 points, or 0.55%, to 32,682.1, the S&P 500 lost 2.15 points, or 0.05%, to 3,913.31 and the Nasdaq Composite added 73.93 points, or 0.56%, to 13,190.09.The S&P 500 banks index dropped 1.9%.The pan-European STOXX 600 index lost 0.87% and MSCI\'s gauge of stocks across the globe shed 0.33%.Markets have been consumed by moves in US bond yields, with investors still digesting the Fed\'s meeting earlier this week. The central bank said it expects higher economic growth and inflation in the United States this year, although it repeated its pledge to keep its target interest rate near zero.Benchmark 10-year notes last rose 1/32 in price to yield 1.7281%, from 1.729% late on Thursday. The 10-year yield hit 1.754% on Thursday, its highest level since January 2020.""Ultimately, what we\'re seeing now is a great deal of tension between market prices that embed several rate hikes before the end of 2023 and the Fed\'s forecast that doesn\'t expect lift-off until 2024,"" said Ryan Swift, US bond strategist at BCA Research in Montreal.The dollar extended gains against major currencies, hitting its highest level in a week.The dollar index rose 0.208%, with the euro down 0.2% to $1.1891.Oil prices gained after falling about 7% in the prior session, when a new wave of coronavirus infections across Europe dampened expectations of any imminent recovery in fuel demand.US crude recently rose 0.9% to $60.54 per barrel and Brent was at $63.74, up 0.73% on the day.', 'LONDON:Oil prices fell for a fifth day in a row on Thursday and by the most since 2020 on growing worries about rising Covid-19 cases in Europe and the strengthening US dollar.Brent futures slid $4.17, or 6.1%, to $63.83 a barrel by 1808 GMT, while the US West Texas Intermediate (WTI) crude dropped $4.13, or 6.4%, to $60.47.That has put Brent on track for its biggest daily percentage decline since June 2020 and WTI for its largest since September 2020. Both benchmarks are set for their lowest close since March 2.Both contracts have been declining for five straight sessions, the longest losing streak for WTI since February 2020 and for Brent since September 2020.“Crude prices are declining for a fifth consecutive day as concerns grow that Europe won’t have a regular summer,â€ÂÂ\x9d said Edward Moya, senior market analyst at Oanda in New York.“Europe is seeing a third straight week of rising Covid-19 cases and with vaccination hurdles remaining in place.â€ÂÂ\x9dA slowdown in vaccination programmes in Europe and the prospect of more restrictions to control the coronavirus have tempered expectations for a recovery in fuel use.Britain will have to slow its Covid-19 vaccine rollout next month due to a supply crunch caused by delays in shipments of millions of AstraZeneca shots from India, and the need to test the stability of an additional 1.7 million doses.A number of European countries have halted the use of AstraZeneca shot because of concerns about possible side effects, though the World Health Organisation said Europe should continue to use the vaccine.US crude inventories rose for the fourth straight week after severe cold weather in Texas and the central part of the country in February forced shutdowns at refineries.Traders said stockpiles could grow further after WTI on March 12 switched from backwardation to contango, where front-month contracts are cheaper than the second month.“Contango is bearish because it encourages (firms to) store crude oil and sell it further down the curve at a profit,â€ÂÂ\x9d said Bob Yawger, Director of Energy Futures at Mizuho in New York.The premium of the Brent front-month over its second month meanwhile was the lowest since early February.A rise in the value of the dollar after the US Federal Reserve meeting has also contributed to the oil sell-off. A stronger dollar makes oil more expensive for holders of other currencies.“Yesterday’s (Wednesday’s) US Federal Reserve meeting provided a boost to equities ... US economic growth has been revised upwards while unemployment is expected to decline,â€ÂÂ\x9d said PVM Oil Associates analyst Tamas Varga.In Saudi Arabia, crude oil exports rose in January to the highest since April 2020, according to the Joint Organisations Data Initiative (JODI) website on Thursday.', 'SINGAPORE: Oil prices fell on Friday for a sixth day in a row, down nearly 9% for the week, as a new wave of COVID-19 infections in particular across Europe spurred fresh lockdowns and dampened hopes for an imminent recovery in fuel demand.US West Texas Intermediate (WTI) crude fell 4 cents, or 0.07%, to $59.96 a barrel by 0552 GMT.Brent crude was down 10 cents, or 0.16%, to $63.18 a barrel.Oil had edged up in Asia\'s morning trading after a 7% drop on Thursday as physical buyers leapt at the chance to load up on cheap oil, said Jeffrey Halley, senior market analyst at OANDA, in a Friday note.But the market remains increasingly worried about fuel demand outlook amid rising coronavirus cases, fresh restrictions and slowing vaccination rollouts in some countries, analysts said.Goldman Sachs said headwinds related to European Union demand and Iran supply would slow the oil market rebalancing by 0.75 million barrels per day (bpd) in the second quarter, although it expects OPEC+ will act to offset that.Safety concerns about the side effects of the AstraZeneca vaccine had led several European countries to stop administering the shot.Although Germany, France and other countries have announced the resumption of inoculations after regulators declared the AstraZeneca vaccine safe, the programme halt has made it harder to overcome resistance to vaccines among some of the population.Britain will have to slow its COVID-19 vaccine rollout next month due to a supply delay.Several French regions badly hit by the COVID-19 epidemic, including the Ile-de-France region around Paris, will start a new four-week lockdown from Friday.""The market is becoming increasingly nervous around some countries in Europe imposing COVID-19-related restrictions once again and, in doing so, raising concerns for the demand outlook,"" ING Economics said in a note.In other parts of the world, Brazil registered its second deadliest day in its COVID-19 pandemic, with 2,724 deaths, while India on Friday reported its highest daily increase of new COVID-19 cases in more than three months.Supplies of oil are plentiful as well, with Saudi Arabia\'s crude exports increasing in January for a seventh straight month to the highest since April 2020, according to the Joint Organisations Data Initiative website on Thursday.Shipments from the world\'s biggest oil exporter increased to 6.582 million barrels per day in January from 6.495 million the previous month.', 'NEW YORK: Rising bond yields spurred by concerns over inflation hammered tech stocks and sent Wall Street closing lower on Thursday, while oil markets slid on fears of a renewed demand slump.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.The benchmark Dow Jones Industrial Average fell 0.5 percent from its record close in the previous session to end at 32,862.17.In oil markets, West Texas Intermediate lost 7.1 percent to end at $60.00, while Brent North Sea crude fell 6.9 percent to close at $63.28.Traders have grappled in recent sessions with fears that a recovering US economy aided by massive government stimulus would bring with it inflation and force the Federal Reserve to end easy money policies rolled out early in the pandemic.Fed Chair Jerome Powell on Wednesday signaled that wouldn\'t happen anytime soon leading the Dow and S&P 500 to notch record closes, but an uptick in Treasury bond yields caused sentiment to reverse sharply in Thursday trading.The 10-year US Treasury bond\'s yield rose past 1.7 percent, and Quincy Krosby of Prudential said data showing the Philadelphia Federal Reserve Bank\'s manufacturing index more than doubled from February, pushing prices up, helped convince traders that inflation may be near.""Yesterday, the market appreciated that the Fed was acknowledging stronger growth but maintained its dovish accommodative position. Today, obviously, there is a rethink in the market,"" Krosby said.Oil markets had their eyes on different events, particularly the troubled rollout of the AstraZeneca Covid-19 vaccine in Europe, as well as US Energy Information Administration data showing crude stocks had reached their highest point since early December.""The negative sentiment was triggered by doubts in Europe about the AstraZeneca vaccine and crystallized after the rise in US stocks,"" said Louise Dickson of Rystad.']","['NEW YORK/LONDON A gauge of global stocks fell on friday as declines in US bank shares weighed on the S&P 500 after the federal reserve said it would let a key leverage exemption expire, while oil prices steadied after getting pummeled a day earlier.benchmark US treasury yields, which have driven market moves broadly in recent weeks, hovered near 14-month highs while the US dollar strengthened for a second day.big US banks will have to resume holding an extra layer of loss-absorbing capital against US treasuries and central bank deposits from next month after the fed said it would not extend a temporary waiver that had exempted those assets from a key bank leverage rule.stocks globally eased as investors sought the next reasons to add risk following the passing of president joe biden $1.9 trillion stimulus plan, broadening COVID-19 vaccinations and encouraging economic news.""we have had such a strong period of news-flow and catalysts on the positive end that now that a lot of those have largely been put into the market, we are now a little bit more susceptible to negative news causing big drawdowns,"" said mark hackett, chief of investment research at Nationwide.On wall street, the dow jones industrial average fell 180.2 points, or 0.55%, to 32,682.1, the S&P 500 lost 2.15 points, or 0.05%, to 3,913.31 and the nasdaq composite added 73.93 points, or 0.56%, to 13,190.09.the S&P 500 banks index dropped 1.9%.the pan-European STOXX 600 index lost 0.87% and MSCI gauge of stocks across the globe shed 0.33%.markets have been consumed by moves in US bond yields, with investors still digesting the fed meeting earlier this week. the central bank said it expects higher economic growth and inflation in the united states this year, although it repeated its pledge to keep its target interest rate near zero.benchmark 10-year notes last rose 1/32 in price to yield 1.7281%, from 1.729% late on thursday. the 10-year yield hit 1.754% on thursday, its highest level since january 2020.""ultimately, what we are seeing now is a great deal of tension between market prices that embed several rate hikes before the end of 2023 and the fed forecast that doesn\'t expect lift-off until 2024,"" said ryan swift, US bond strategist at BCA research in Montreal.The dollar extended gains against major currencies, hitting its highest level in a week.the dollar index rose 0.208%, with the euro down 0.2% to $1.1891.oil prices gained after falling about 7% in the prior session, when a new wave of coronavirus infections across europe dampened expectations of any imminent recovery in fuel demand.US crude recently rose 0.9% to $60.54 per barrel and brent was at $63.74, up 0.73% on the day.', 'LONDON oil prices fell for a fifth day in a row on thursday and by the most since 2020 on growing worries about rising Covid-19 cases in europe and the strengthening US dollar.brent futures slid $4.17, or 6.1%, to $63.83 a barrel by 1808 GMT, while the US west texas intermediate (WTI) crude dropped $4.13, or 6.4%, to $60.47.that has put brent on track for its biggest daily percentage decline since june 2020 and WTI for its largest since september 2020. both benchmarks are set for their lowest close since march 2.both contracts have been declining for five straight sessions, the longest losing streak for WTI since february 2020 and for brent since september 2020.crude prices are declining for a fifth consecutive day as concerns grow that europe wont have a regular summer, said edward moya, senior market analyst at oanda in new York.Europe is seeing a third straight week of rising Covid-19 cases and with vaccination hurdles remaining in place.a slowdown in vaccination programmes in europe and the prospect of more restrictions to control the coronavirus have tempered expectations for a recovery in fuel use.britain will have to slow its Covid-19 vaccine rollout next month due to a supply crunch caused by delays in shipments of millions of AstraZeneca shots from india, and the need to test the stability of an additional 1.7 million doses.a number of european countries have halted the use of AstraZeneca shot because of concerns about possible side effects, though the world health organisation said europe should continue to use the vaccine.US crude inventories rose for the fourth straight week after severe cold weather in texas and the central part of the country in february forced shutdowns at refineries.traders said stockpiles could grow further after WTI on march 12 switched from backwardation to contango, where front-month contracts are cheaper than the second month.contango is bearish because it encourages (firms to) store crude oil and sell it further down the curve at a profit, said bob yawger, director of energy futures at mizuho in new York.The premium of the brent front-month over its second month meanwhile was the lowest since early February.A rise in the value of the dollar after the US federal reserve meeting has also contributed to the oil sell-off. A stronger dollar makes oil more expensive for holders of other currencies.yesterdays (Wednesdays) US federal reserve meeting provided a boost to equities . US economic growth has been revised upwards while unemployment is expected to decline, said PVM oil associates analyst tamas Varga.In saudi arabia, crude oil exports rose in january to the highest since april 2020, according to the joint organisations data initiative (JODI) website on thursday.', 'SINGAPORE oil prices fell on friday for a sixth day in a row, down nearly 9% for the week, as a new wave of COVID-19 infections in particular across europe spurred fresh lockdowns and dampened hopes for an imminent recovery in fuel demand.US west texas intermediate (WTI) crude fell 4 cents, or 0.07%, to $59.96 a barrel by 0552 GMT.Brent crude was down 10 cents, or 0.16%, to $63.18 a barrel.oil had edged up in asia morning trading after a 7% drop on thursday as physical buyers leapt at the chance to load up on cheap oil, said jeffrey halley, senior market analyst at OANDA, in a friday note.but the market remains increasingly worried about fuel demand outlook amid rising coronavirus cases, fresh restrictions and slowing vaccination rollouts in some countries, analysts said.goldman sachs said headwinds related to european union demand and iran supply would slow the oil market rebalancing by 0.75 million barrels per day (bpd) in the second quarter, although it expects OPEC+ will act to offset that.safety concerns about the side effects of the AstraZeneca vaccine had led several european countries to stop administering the shot.although germany, france and other countries have announced the resumption of inoculations after regulators declared the AstraZeneca vaccine safe, the programme halt has made it harder to overcome resistance to vaccines among some of the population.britain will have to slow its COVID-19 vaccine rollout next month due to a supply delay.several french regions badly hit by the COVID-19 epidemic, including the Ile-de-France region around paris, will start a new four-week lockdown from Friday.""The market is becoming increasingly nervous around some countries in europe imposing COVID-19-related restrictions once again and, in doing so, raising concerns for the demand outlook,"" ING economics said in a note.in other parts of the world, brazil registered its second deadliest day in its COVID-19 pandemic, with 2,724 deaths, while india on friday reported its highest daily increase of new COVID-19 cases in more than three months.supplies of oil are plentiful as well, with saudi arabia crude exports increasing in january for a seventh straight month to the highest since april 2020, according to the joint organisations data initiative website on Thursday.Shipments from the world biggest oil exporter increased to 6.582 million barrels per day in january from 6.495 million the previous month.', 'NEW YORK rising bond yields spurred by concerns over inflation hammered tech stocks and sent wall street closing lower on thursday, while oil markets slid on fears of a renewed demand slump.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.the benchmark dow jones industrial average fell 0.5 percent from its record close in the previous session to end at 32,862.17.in oil markets, west texas intermediate lost 7.1 percent to end at $60.00, while brent north sea crude fell 6.9 percent to close at $63.28.traders have grappled in recent sessions with fears that a recovering US economy aided by massive government stimulus would bring with it inflation and force the federal reserve to end easy money policies rolled out early in the pandemic.fed chair jerome powell on wednesday signaled that wouldn\'t happen anytime soon leading the dow and S&P 500 to notch record closes, but an uptick in treasury bond yields caused sentiment to reverse sharply in thursday trading.the 10-year US treasury bond yield rose past 1.7 percent, and quincy krosby of prudential said data showing the philadelphia federal reserve bank manufacturing index more than doubled from february, pushing prices up, helped convince traders that inflation may be near.""yesterday, the market appreciated that the fed was acknowledging stronger growth but maintained its dovish accommodative position. today, obviously, there is a rethink in the market,"" krosby said.oil markets had their eyes on different events, particularly the troubled rollout of the AstraZeneca Covid-19 vaccine in europe, as well as US energy information administration data showing crude stocks had reached their highest point since early December.""The negative sentiment was triggered by doubts in europe about the AstraZeneca vaccine and crystallized after the rise in US stocks,"" said louise dickson of rystad.']","['https://www.brecorder.com/news/40075614/stocks-fall-led-by-bank-shares-oil-steadies-after-plunge', 'https://tribune.com.pk/story/2290185/oil-drops-by-the-most-since-2020-as-vaccine-rollout-stalls', 'https://www.brecorder.com/news/40075526/oil-extend-losses-amid-gloomy-demand-outlook', 'https://www.brecorder.com/news/40075523/nasdaq-drops-3-on-inflation-fears-wti-oil-loses-71']","['brent, , ']","['oil prices gained', 'oil prices fell', 'oil prices fell', 'oil markets slid']","['pos', 'neg', 'neg', 'neg']",99.97,"[4.14, -5.33, -5.33, -2.09]",-2.15,0,-2,3,0,"{
""Trading Recommendation"": ""Refrain from the market"",
""Rationale"": ""Despite a slight positive market signal, the overall news impact is negative and falls below the threshold for a strong sell signal. Additionally, the technical indicators are mixed, with EMA9 and Overall News Impact suggesting a sell, while MACD_Signals and RSI_Signals indicating a buy. Given this conflicting information, it's prudent to refrain from the market until a clearer trend emerges.""
}"
3/22/2021,['$15bn oil refining investment: It’s waiting in the wings'],['$15bn oil refining investment its waiting in the wings'],['Business Recorder'],"['ISLAMABAD: Ministry of Energy (MoE) is reportedly preparing a new oil refining and marketing policy as $15 billion new investment is said to be waiting in the wings, well-informed sources told Business Recorder.  The issue of existing refineries is very serious as they faced financial losses of approximately Rs 50 billion during the last two years.Refineries faced inventory losses due to rupee devaluation and then Covid-19 put additional financial pressure on them. Presently, the margins of refineries remain negative.The government wants that refineries should upgrade themselves, which needs to be done, but for this purpose, an investment of $ 6-7 billion is required so that they can make products of Euro-V fuel.During the visit of Saudi Crown Prince Muhammad Bin Salman, it was announced that Aramco will establish a refinery and a petrochemical plant in Pakistan with an investment of $ 10 billion. Likewise, PARCO announced it would establish a coal refinery but both have linked their investment to a new refinery policy.The existing five refineries have capacity of 417,400 Barrels Per Day (BPD), of which Pak Arab Refinery Limited (PARCO) has 100,000 BPD oil refining capacity, Attock Refinery Limited (ARL) 53,400 BPD, Byco Petroleum Pakistan Limited (Byco) 150,000 BPD, National Refinery Limited (NRL) 64,000 BPD and Pakistan Refinery Limited 50,000 BPD.The present refinery policy was announced and notified in 1997 and not updated during the last two decades.""Negotiations with the government are in progress on new refinery policy. It will give protection to new investment which is necessary,"" the sources continued.An investment of $ 15 billion is envisaged through establishment of two new refineries and upgradation of existing refineries.""Talks with government are going towards positive direction. Now there is a feeling in the government that energy security is being jeopardized in the absence of a new refinery policy,"" the sources continued.The government had prepared a policy in 2020 offering substantial incentives to the investors but the existing refineries rejected the policy and urged the government to review it. Since then refineries are getting incentives under the Refineries and Marketing Policy of 1997.On the advice and financial difficulties of the local refineries, the Ministry of Energy (Petroleum Division) had formed a ‘Refinery Working Group’ to work out different plans for mitigating refinery losses and formulate a comprehensive policy framework for future refinery expansion and upgrade.  In the refineries policy 2020, the following incentives were offered to the refineries: new refinery projects and upgradation and expansion of existing refineries under Category A shall be exempted from the application of the Companies Profit (Workers’ Participation) Act 1968 and the Workers Welfare Fund Ordinance 1971; and exemption  from all duties, taxes, surcharges and levies on import, by the refinery project, its contractors or any other person, of all machinery, vehicles, plant and equipment, other materials and spares and consumables for setting up of operation, maintenance  and repair of the refinery. A number of other incentives were also offered to attract investment.Copyright Business Recorder, 2021']","['ISLAMABAD ministry of energy (MoE) is reportedly preparing a new oil refining and marketing policy as $15 billion new investment is said to be waiting in the wings, well-informed sources told business recorder. the issue of existing refineries is very serious as they faced financial losses of approximately rs 50 billion during the last two years.refineries faced inventory losses due to rupee devaluation and then Covid-19 put additional financial pressure on them. presently, the margins of refineries remain negative.the government wants that refineries should upgrade themselves, which needs to be done, but for this purpose, an investment of $ 6-7 billion is required so that they can make products of Euro-V fuel.during the visit of saudi crown prince muhammad bin salman, it was announced that aramco will establish a refinery and a petrochemical plant in pakistan with an investment of $ 10 billion. likewise, PARCO announced it would establish a coal refinery but both have linked their investment to a new refinery policy.the existing five refineries have capacity of 417,400 barrels per day (BPD), of which pak arab refinery limited (PARCO) has 100,000 BPD oil refining capacity, attock refinery limited (ARL) 53,400 BPD, byco petroleum pakistan limited (Byco) 150,000 BPD, national refinery limited (NRL) 64,000 BPD and pakistan refinery limited 50,000 BPD.The present refinery policy was announced and notified in 1997 and not updated during the last two decades.""negotiations with the government are in progress on new refinery policy. it will give protection to new investment which is necessary,"" the sources continued.an investment of $ 15 billion is envisaged through establishment of two new refineries and upgradation of existing refineries.""talks with government are going towards positive direction. now there is a feeling in the government that energy security is being jeopardized in the absence of a new refinery policy,"" the sources continued.the government had prepared a policy in 2020 offering substantial incentives to the investors but the existing refineries rejected the policy and urged the government to review it. since then refineries are getting incentives under the refineries and marketing policy of 1997.on the advice and financial difficulties of the local refineries, the ministry of energy (Petroleum division) had formed a refinery working group to work out different plans for mitigating refinery losses and formulate a comprehensive policy framework for future refinery expansion and upgrade. in the refineries policy 2020, the following incentives were offered to the refineries new refinery projects and upgradation and expansion of existing refineries under category A shall be exempted from the application of the companies profit (Workers participation) act 1968 and the workers welfare fund ordinance 1971 and exemption from all duties, taxes, surcharges and levies on import, by the refinery project, its contractors or any other person, of all machinery, vehicles, plant and equipment, other materials and spares and consumables for setting up of operation, maintenance and repair of the refinery. A number of other incentives were also offered to attract investment.']",['https://www.brecorder.com/news/40076010/15bn-oil-refining-investment-its-waiting-in-the-wings'],"['attock refinery limited, , ']",['new oil refining and marketing policy'],['pos'],107.31,[5.13],5.13,3,0,-2,0,"{
  ""Trading Recommendation"": ""Strong Buy"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a strong buying opportunity. Hence, we recommend a strong buy position. Investors should consider entering or increasing their positions in the market.""
}"
3/23/2021,"['Oil falls more than 3% as Covid curbs point to demand hit', 'Oil plunges more than 6pc on concerns over Europe curbs, rollouts', 'Global equities, oil prices slide on concerns over Europe COVID case counts', 'Oil drops on concerns European COVID-19 issues to crimp demand', 'Oil and shares slide as sanctions, virus fears strike', 'Shares and oil slide as sanctions, virus fears strike', 'Shares and oil slide as sanctions, virus fears strike']","['oil falls more than 3% as covid curbs point to demand hit', 'oil plunges more than 6pc on concerns over europe curbs, rollouts', 'global equities, oil prices slide on concerns over europe COVID case counts', 'oil drops on concerns european COVID-19 issues to crimp demand', 'oil and shares slide as sanctions, virus fears strike', 'shares and oil slide as sanctions, virus fears strike', 'shares and oil slide as sanctions, virus fears strike']","['Tribune', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['LONDON:Oil prices fell more than 3% on Tuesday, hit by concerns that new pandemic curbs and slow vaccine rollouts in Europe will hold back a recovery in demand, while a stronger dollar also weighed.Brent crude futures dropped by $2.2, or 3.4%, to $62.42 a barrel by 0948 GMT. US West Texas Intermediate (WTI) crude futures fell by $2.10, or 3.4%, to $59.46 a barrel.The market structure was also pointing to weakness, with the front-month Brent spread flipping into a small contango for the first time since January.Contango is where the front-month contracts are cheaper than future months, and could encourage traders to put oil into storage.“Continental Europe is tightening the coronavirus measures and thereby further restricting mobility,â€ÂÂ\x9d Commerzbank said. “This is likely to have a correspondingly negative impact on oil demand,â€ÂÂ\x9d they added.Extended lockdowns are being driven by the threat of a third wave of infections, with a new variant of the coronavirus on the continent.Germany, Europe’s biggest oil consumer, is extending its lockdown until April 18 and asked citizens to stay home to try to stop a third wave of the Covid-19 pandemic.This comes after nearly a third of French people entered a month-long lockdown on Saturday following a jump in Covid-19 cases in Paris and parts of northern France.A stronger US dollar also weighed on prices. As oil is priced in US dollars, a stronger greenback makes oil more expensive for holders of other currencies.Physical crude markets are indicating that demand is lower, much more so than the futures market.“Physical prices have been weaker than futures have been suggesting for several weeks now,â€ÂÂ\x9d said Lachlan Shaw, National Australia Bank’s head of commodity research.', 'NEW YORK: Oil prices fell more than 6pc on Tuesday, tumbling as concerns over new pandemic curbs and slow vaccine rollouts in Europe compounded additional crude volumes.Brent crude futures were down $3.70, or 5.7pc, at $60.94 a barrel by 2:13 p.m. ET (1816 GMT), having hit a low of $60.50 a barrel. West Texas Intermediate crude (WTI) was down $3.62, or 5.8pc, at $57.94, after falling to as low as $57.32. Both benchmarks traded near lows not seen since Feb. 9.The front-month Brent spread flipped into a small contango for the first time since January. Contango is where the front-month contracts are cheaper than future months, and could encourage traders to put oil into storage. ""The road to oil demand recovery appears to be full of obstacles as the world continues to fight the COVID-19 pandemic,"" said Bjornar Tonhaugen, head of oil markets at Rystad Energy. ""Oil prices are declining again on Tuesday, proving that last week\'s correction was not deep enough and that the market had been trading lately with an excessively bullish sentiment, overlooking the pandemic\'s risk."" Extended lockdowns in Europe are being driven by the threat of a third wave, with a new variant of the coronavirus on the continent.Germany, Europe\'s biggest oil consumer, is extending its lockdown until April 18.Nearly a third of France entered a month-long lockdown on Saturday following a jump in cases in Paris and parts of northern France.""The German situation kicked it off, but there\'s a lot of crude oil out there,"" said Bob Yawger, director of energy futures at Mizuho in New York. ""There is no flipside to the oil inventories. We are awash in oil."" U.S. crude inventories from the Energy Information Administration are due to be released Wednesday. The data is expected to show a slight draw in the latest week, but gasoline stockpiles are expected to rise, according to analysts in a Reuters poll.A stronger U.S. dollar also weighed on prices. As oil in priced in U.S. dollars, a stronger greenback makes oil more expensive for holders of other currencies.  Physical crude markets are indicating that demand is lower, much more so than the futures market. ""Physical prices have been weaker than futures have been suggesting for several weeks now,"" said Lachlan Shaw, head of commodity research at National Australia Bank.', 'NEW YORK: Global equity benchmarks and oil prices drifted lower Tuesday while safe haven assets gained as an extended economic lockdown in Germany and U.S. and European sanctions on China curbed risk appetite worldwide.Rising concerns over a third wave of the coronavirus pandemic amid slow vaccine rollouts in Europe hit oil and travel companies as investors priced in a longer road to recovery.Germany extended its lockdown until April 18, while Chancellor Angela Merkel called on citizens to stay at home for five days over the Easter holidays.U.S. crude fell 4.04% to $59.07 per barrel and Brent  was at $61.77, down 4.41% on the day.Energy stocks were also under pressure, with Chevron Corp , Occidental Petroleum Corp and Exxon Mobil Corp  shedding 1.5% or more, while travel-related stocks fell as much as 4%.""Global travel is still looking like it could be a while away,"" said Matt Stanley, a fuel broker at Star Fuels in Dubai, adding that a second-half recovery in oil demand looked doubtful as lockdowns remain the order of the day.        MSCI\'s gauge of stocks across the globe shed 0.40% following broad declines in Europe and Asia.In morning trading on Wall Street, the Dow Jones Industrial Average fell 63.65 points, or 0.19%, to 32,667.55, the S&P 500 lost 4.32 points, or 0.11%, to 3,936.27 and the Nasdaq Composite added 0.96 points, or 0.01%, to 13,378.50.Benchmark 10 year Treasury yields gained ahead of Congressional testimony by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen later in the day that may shed light on the pace of economic rebound from the pandemic.In remarks prepared for delivery to the hearing on Tuesday morning, Powell said the U.S. economic recovery had progressed ""more quickly than generally expected"".The Congressional hearings begin at 12 p.m. ET (1600 GMT).""The FOMC last week laid out pretty clearly what the Fed\'s view is with regard to rates ... the next thing that markets will focus on is maybe getting some details from Yellen with regard to further infrastructure investment,"" said Alex Wolf, head of investment strategy for Asia at J.P. Morgan Private Bank, referring to a statement from the Federal Open Market Committee.The dollar index rose 0.385%, with the euro down 0.44% to $1.1879.Adding to market concerns were human rights sanctions on China imposed by the United States, Europe and Britain that prompted retaliatory sanctions from Beijing. Worries over the pace of the recovery from the pandemic were also heightened after a U.S. health agency said the AstraZeneca Plc vaccine developed with Oxford University may have included outdated information in its data.Spot gold dropped 0.3% to $1,733.11 an ounce.', 'MELBOURNE: Oil prices fell 1% on Tuesday on concerns that new pandemic curbs and slow vaccine rollouts in Europe will slow a recovery in fuel demand and as producers cut prices, indicating ample oil supply.U.S. West Texas Intermediate (WTI) crude futures for May delivery fell 62 cents, or 1%, to $60.94 a barrel at 0149 GMT. The April contract expired on Monday at $61.55, up 13 cents from Friday, after plunging more than 6% last week.Brent crude futures for May dropped by 68 cents, or 1.1% to $63.94, erasing a 9 cent gain in the previous session.“(The declines) are to do with vaccine rollout issues and lockdowns in Europe,â€Â\x9d said Lachlan Shaw, National Australia Bank’s head of commodity research.Germany, Europe’s biggest oil consumer, is expected to extend restrictions on shopping and travel into April to contain a third wave of COVID-19 infections, which has led economists to cut their growth forecasts.Extended lockdowns are being driven by the threat of a third wave of infections, with a new variant of the virus on the continent.“This is heightening fears that the pessimistic forecasts from both the International Energy Agency and the EIA (Energy Information Administration) recently could eventuate,â€Â\x9d ANZ Research said in a note.The Paris-based IEA last week cut its forecast for crude demand in 2021 by 2.5 million barrels per day, while the EIA forecast global oil supply would surpass demand in the second half of 2021.Physical crude markets are indicating that demand is lower much more than the futures market.Nigeria, Africa’s biggest oil producer, on Monday cut its official selling prices for April-loading cargoes, suggesting that suppliers are trying to encourage sales. Angola, the continent’s second-biggest producer and a key supplier to China, still has some April cargoes that remain unsold, indicating a lack of interest from Chinese refiners.“Physical prices have been weaker than futures have been suggesting for several weeks now,â€Â\x9d Shaw said.U.S. crude stockpile data from the American Petroleum Institute will be released later on Tuesday. Analysts estimate U.S. crude inventories fell by about 900,000 barrels in the week to March 19 while refinery utilisation rose by 3.2 percentage points, according to a Reuters poll.Inventory data from the EIA, considered more definitive, will be released on Wednesday.', 'LONDON/HONG KONG: Oil prices slumped and shares slipped from a one-year peak on Tuesday as a wave of coronavirus infections, a fresh lockdown in Germany, and U.S. and European sanctions over China combined to curb risk appetite worldwide.Brent crude futures dropped by $2.59, or 4%, to $62.03 a barrel by 1225 GMT and U.S. West Texas Intermediate (WTI) crude futures likewise slid 4% on concerns that new pandemic curbs and slow vaccine rollouts in Europe will hold back a recovery in demand.Energy stocks were also hit, with Chevron Corp, Occidental Petroleum Corp and Exxon Mobil Corp shedding between 1.5% and 3.5% pre-market, while travel-related stocks also fell as much as 4%.The STOXX index of 600 European shares slipped 0.4%, while the benchmark 10-year German government bond yield dropped 4 basis points to -0.351%, its lowest in a week, and gold inched up as investors sought safer assets.     U.S. stock index futures slid ahead of Congressional testimony by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen later in the day that may shed light on the pace of economic rebound from the COVID-19 pandemic.In remarks prepared for delivery to the hearing on Tuesday morning, Powell said the U.S. economic recovery had progressed ""more quickly than generally expected"".The congressional hearings begin at 12 p.m. ET (1600 GMT).""The FOMC last week laid out pretty clearly what the Fed\'s view is with regard to rates ... the next thing that markets will focus on is maybe getting some details from Yellen with regard to further infrastructure investment,"" said Alex Wolf, head of investment strategy for Asia at J.P. Morgan Private Bank, referring to a statement from the Federal Open Market Committee.A mixed bag of new Western sanctions on China, coronavirus concerns and Turkish tumult after President Tayyip Erdogan\'s shock sacking of the central bank chief at the weekend left investors awaiting a firmer signal.The Turkish lira appeared to find a floor after Monday\'s historic 7.5% slump, rising as much as 1% in volatile trading to 7.8742 against the dollar by 1234 GMT. In Asia, MSCI\'s broadest index of Asia-Pacific shares outside Japan dropped 0.66%, hurt by a 0.95% fall in Chinese blue chips as a fresh wave of U.S. and European sanctions over human rights abuses in Xinjiang hit.The sanctions on China prompted an immediate riposte from Beijing against the EU that appeared broader, including European lawmakers, diplomats, institutes and families.Adding to market jitters were further worries over the efficacy of the AstraZeneca Plc vaccine developed with Oxford University after a U.S. health agency said the drugmaker may have included outdated information in its data.The fall in oil prices, travel and energy-related stocks was spearheaded by news Germany had extended its lockdown until April 18, reversing plans for a gradual reopening of the economy agreed earlier this month.""Global travel is still looking like it could be a while away,"" said Matt Stanley, a fuel broker at Star Fuels in Dubai, adding that a second-half recovery in oil demand looked doubtful as lockdowns remain the order of the day.        Benchmark 10-year U.S. Treasury notes last yielded 1.6523%, down from 1.732% late on Friday.    The dollar gained slightly against a basket of six major currencies, last trading at 92.1, having slipped 0.32% on Monday, while making advances against the kiwi, Aussie and sterling.Spot gold rose slightly to $1,740 per ounce by 1239 GMT, buoyed by easing U.S. Treasury yields. The New Zealand dollar hit a three-month low after the government introduced taxes to curb housing speculation, a move investors reckoned could allow the central bank to hold low interest rates for longer with less risk of a property bubble.', 'LONDON/HONG KONG: Shares slipped from a one-year peak, sovereign bond yields fell, and oil prices slumped as a wave of coronavirus infections, a fresh lockdown in Germany and U.S. and European sanctions over China combined to curb risk appetite worldwide. The STOXX index of 600 European shares fell 0.4%, while the benchmark 10-year German government bond yield dropped 4 basis points to -0.351% and gold inched up as investors sought safer assets. U.S. markets appeared set to inherit the negative mood with S&P 500 futures down 0.4% ahead of Congressional testimony by Fed Chair Jerome Powell and Treasury Secretary Janet Yellen later in the day.In remarks prepared for delivery to a congressional hearing on Tuesday morning, the Fed chief Powell said the U.S. economic recovery had progressed ""more quickly than generally expected"".""The FOMC last week laid out pretty clearly what the Fed\'s view is with regard to rates... the next thing that markets will focus on is maybe getting some details from Yellen with regard to further infrastructure investment,"" said Alex Wolf head of investment strategy for Asia at J.P. Morgan Private Bank, referring to a statement from the Federal Open Market Committee.A mixed bag of new Western sanctions on China, coronavirus concerns and Turkish tumult after President Tayyip Erdogan\'s shock sacking of the central bank chief at the weekend left investors awaiting a firmer signal.The Turkish lira appeared to find a floor after Monday\'s historic 7.5% slump, rising as much as 1% in volatile trading to 7.7192 against the dollar. In Asia, MSCI\'s broadest index of Asia-Pacific shares outside Japan dropped 0.66%, hurt by a 0.95% fall in Chinese blue chips as a fresh wave of U.S. and European sanctions related to human rights abuses in Xinjiang hit.The sanctions on China prompted an immediate riposte from Beijing against the EU that appeared broader, including European lawmakers, diplomats, institutes and families.Adding to market jitters were further worries over the efficacy of the AstraZeneca Plc vaccine developed with Oxford University after a U.S. health agency said the drugmaker may have included outdated information in its data.Oil prices fell 4%, hit by concerns that new pandemic curbs and slow vaccine rollouts in Europe will hold back a recovery in demand along with fresh travel restrictions.Brent crude futures dropped by $2.59, or 4%, to $62.03 a barrel by 1108 GMT. U.S. West Texas Intermediate (WTI) crude futures fell by $2.43, or 3.95%, to $59.11 a barrel.""Global travel is still looking like it could be a while away,"" said Matt Stanley, a fuel broker at Star Fuels in Dubai, adding that a second-half recovery in oil demand looked doubtful as lockdowns remain the order of the day.        Benchmark 10-year U.S. Treasury notes last yielded 1.6505%, down from 1.732% late on Friday.    The dollar gained slightly against a basket of six major currencies last trading at 92.019, having slipped 0.32% on Monday, while making advances against the kiwi, Aussie and sterling.Spot gold rose slightly to $1,740 per ounce by 1100 GMT, buoyed by easing U.S. Treasury yields. The New Zealand dollar hit a three-month low after the government introduced taxes to curb housing speculation, a move investors reckoned could allow the central bank to hold interest rates lower for longer with less risk of a property bubble.', 'LONDON/HONG KONG: Shares slipped from a one-year peak, sovereign bond yields fell, and oil prices slumped as a wave of coronavirus infections, a fresh lockdown in Germany and U.S. and European sanctions over China combined to curb risk appetite worldwide. The STOXX index of 600 European shares fell 0.4%, while the benchmark 10-year German government bond yield dropped 4 basis points to -0.351% and gold inched up as investors sought safer assets. U.S. markets appeared set to inherit the negative mood with S&P 500 futures down 0.4% ahead of Congressional testimony by Fed Chair Jerome Powell and Treasury Secretary Janet Yellen later in the day.In remarks prepared for delivery to a congressional hearing on Tuesday morning, the Fed chief Powell said the U.S. economic recovery had progressed ""more quickly than generally expected"".""The FOMC last week laid out pretty clearly what the Fed\'s view is with regard to rates... the next thing that markets will focus on is maybe getting some details from Yellen with regard to further infrastructure investment,"" said Alex Wolf head of investment strategy for Asia at J.P. Morgan Private Bank, referring to a statement from the Federal Open Market Committee.A mixed bag of new Western sanctions on China, coronavirus concerns and Turkish tumult after President Tayyip Erdogan\'s shock sacking of the central bank chief at the weekend left investors awaiting a firmer signal.The Turkish lira appeared to find a floor after Monday\'s historic 7.5% slump, rising as much as 1% in volatile trading to 7.7192 against the dollar. In Asia, MSCI\'s broadest index of Asia-Pacific shares outside Japan dropped 0.66%, hurt by a 0.95% fall in Chinese blue chips as a fresh wave of U.S. and European sanctions related to human rights abuses in Xinjiang hit.The sanctions on China prompted an immediate riposte from Beijing against the EU that appeared broader, including European lawmakers, diplomats, institutes and families.Adding to market jitters were further worries over the efficacy of the AstraZeneca Plc vaccine developed with Oxford University after a U.S. health agency said the drugmaker may have included outdated information in its data.Oil prices fell 4%, hit by concerns that new pandemic curbs and slow vaccine rollouts in Europe will hold back a recovery in demand along with fresh travel restrictions.Brent crude futures dropped by $2.59, or 4%, to $62.03 a barrel by 1108 GMT. U.S. West Texas Intermediate (WTI) crude futures fell by $2.43, or 3.95%, to $59.11 a barrel.""Global travel is still looking like it could be a while away,"" said Matt Stanley, a fuel broker at Star Fuels in Dubai, adding that a second-half recovery in oil demand looked doubtful as lockdowns remain the order of the day.        Benchmark 10-year U.S. Treasury notes last yielded 1.6505%, down from 1.732% late on Friday.    The dollar gained slightly against a basket of six major currencies last trading at 92.019, having slipped 0.32% on Monday, while making advances against the kiwi, Aussie and sterling.Spot gold rose slightly to $1,740 per ounce by 1100 GMT, buoyed by easing U.S. Treasury yields. The New Zealand dollar hit a three-month low after the government introduced taxes to curb housing speculation, a move investors reckoned could allow the central bank to hold interest rates lower for longer with less risk of a property bubble.']","['LONDON oil prices fell more than 3% on tuesday, hit by concerns that new pandemic curbs and slow vaccine rollouts in europe will hold back a recovery in demand, while a stronger dollar also weighed.brent crude futures dropped by $2.2, or 3.4%, to $62.42 a barrel by 0948 GMT. US west texas intermediate (WTI) crude futures fell by $2.10, or 3.4%, to $59.46 a barrel.the market structure was also pointing to weakness, with the front-month brent spread flipping into a small contango for the first time since January.Contango is where the front-month contracts are cheaper than future months, and could encourage traders to put oil into storage.continental europe is tightening the coronavirus measures and thereby further restricting mobility, commerzbank said. this is likely to have a correspondingly negative impact on oil demand, they added.extended lockdowns are being driven by the threat of a third wave of infections, with a new variant of the coronavirus on the continent.germany, europes biggest oil consumer, is extending its lockdown until april 18 and asked citizens to stay home to try to stop a third wave of the Covid-19 pandemic.this comes after nearly a third of french people entered a month-long lockdown on saturday following a jump in Covid-19 cases in paris and parts of northern France.A stronger US dollar also weighed on prices. as oil is priced in US dollars, a stronger greenback makes oil more expensive for holders of other currencies.physical crude markets are indicating that demand is lower, much more so than the futures market.physical prices have been weaker than futures have been suggesting for several weeks now, said lachlan shaw, national australia banks head of commodity research.', 'NEW YORK oil prices fell more than 6pc on tuesday, tumbling as concerns over new pandemic curbs and slow vaccine rollouts in europe compounded additional crude volumes.brent crude futures were down $3.70, or 5.7pc, at $60.94 a barrel by 2 13 p.m. ET (1816 GMT), having hit a low of $60.50 a barrel. west texas intermediate crude (WTI) was down $3.62, or 5.8pc, at $57.94, after falling to as low as $57.32. both benchmarks traded near lows not seen since feb. 9.the front-month brent spread flipped into a small contango for the first time since january. contango is where the front-month contracts are cheaper than future months, and could encourage traders to put oil into storage. ""the road to oil demand recovery appears to be full of obstacles as the world continues to fight the COVID-19 pandemic,"" said bjornar tonhaugen, head of oil markets at rystad energy. ""oil prices are declining again on tuesday, proving that last week correction was not deep enough and that the market had been trading lately with an excessively bullish sentiment, overlooking the pandemic risk."" extended lockdowns in europe are being driven by the threat of a third wave, with a new variant of the coronavirus on the continent.germany, europe biggest oil consumer, is extending its lockdown until april 18.nearly a third of france entered a month-long lockdown on saturday following a jump in cases in paris and parts of northern France.""The german situation kicked it off, but there a lot of crude oil out there,"" said bob yawger, director of energy futures at mizuho in new york. ""there is no flipside to the oil inventories. we are awash in oil."" U.S. crude inventories from the energy information administration are due to be released wednesday. the data is expected to show a slight draw in the latest week, but gasoline stockpiles are expected to rise, according to analysts in a reuters poll.a stronger U.S. dollar also weighed on prices. as oil in priced in U.S. dollars, a stronger greenback makes oil more expensive for holders of other currencies. physical crude markets are indicating that demand is lower, much more so than the futures market. ""physical prices have been weaker than futures have been suggesting for several weeks now,"" said lachlan shaw, head of commodity research at national australia bank.', 'NEW YORK global equity benchmarks and oil prices drifted lower tuesday while safe haven assets gained as an extended economic lockdown in germany and U.S. and european sanctions on china curbed risk appetite worldwide.rising concerns over a third wave of the coronavirus pandemic amid slow vaccine rollouts in europe hit oil and travel companies as investors priced in a longer road to recovery.germany extended its lockdown until april 18, while chancellor angela merkel called on citizens to stay at home for five days over the easter holidays.U.S. crude fell 4.04% to $59.07 per barrel and brent was at $61.77, down 4.41% on the day.energy stocks were also under pressure, with chevron corp , occidental petroleum corp and exxon mobil corp shedding 1.5% or more, while travel-related stocks fell as much as 4%.""global travel is still looking like it could be a while away,"" said matt stanley, a fuel broker at star fuels in dubai, adding that a second-half recovery in oil demand looked doubtful as lockdowns remain the order of the day. MSCI gauge of stocks across the globe shed 0.40% following broad declines in europe and Asia.In morning trading on wall street, the dow jones industrial average fell 63.65 points, or 0.19%, to 32,667.55, the S&P 500 lost 4.32 points, or 0.11%, to 3,936.27 and the nasdaq composite added 0.96 points, or 0.01%, to 13,378.50.benchmark 10 year treasury yields gained ahead of congressional testimony by federal reserve chair jerome powell and treasury secretary janet yellen later in the day that may shed light on the pace of economic rebound from the pandemic.in remarks prepared for delivery to the hearing on tuesday morning, powell said the U.S. economic recovery had progressed ""more quickly than generally expected"".the congressional hearings begin at 12 p.m. ET (1600 GMT).""The FOMC last week laid out pretty clearly what the fed view is with regard to rates . the next thing that markets will focus on is maybe getting some details from yellen with regard to further infrastructure investment,"" said alex wolf, head of investment strategy for asia at J.P. morgan private bank, referring to a statement from the federal open market Committee.The dollar index rose 0.385%, with the euro down 0.44% to $1.1879.adding to market concerns were human rights sanctions on china imposed by the united states, europe and britain that prompted retaliatory sanctions from beijing. worries over the pace of the recovery from the pandemic were also heightened after a U.S. health agency said the AstraZeneca plc vaccine developed with oxford university may have included outdated information in its data.spot gold dropped 0.3% to $1,733.11 an ounce.', 'MELBOURNE oil prices fell 1% on tuesday on concerns that new pandemic curbs and slow vaccine rollouts in europe will slow a recovery in fuel demand and as producers cut prices, indicating ample oil supply.U.S. west texas intermediate (WTI) crude futures for may delivery fell 62 cents, or 1%, to $60.94 a barrel at 0149 GMT. the april contract expired on monday at $61.55, up 13 cents from friday, after plunging more than 6% last week.brent crude futures for may dropped by 68 cents, or 1.1% to $63.94, erasing a 9 cent gain in the previous session.(The declines) are to do with vaccine rollout issues and lockdowns in europe, said lachlan shaw, national australia banks head of commodity research.germany, europes biggest oil consumer, is expected to extend restrictions on shopping and travel into april to contain a third wave of COVID-19 infections, which has led economists to cut their growth forecasts.extended lockdowns are being driven by the threat of a third wave of infections, with a new variant of the virus on the continent.this is heightening fears that the pessimistic forecasts from both the international energy agency and the EIA (Energy information administration) recently could eventuate, ANZ research said in a note.the Paris-based IEA last week cut its forecast for crude demand in 2021 by 2.5 million barrels per day, while the EIA forecast global oil supply would surpass demand in the second half of 2021.physical crude markets are indicating that demand is lower much more than the futures market.nigeria, africas biggest oil producer, on monday cut its official selling prices for April-loading cargoes, suggesting that suppliers are trying to encourage sales. angola, the continents second-biggest producer and a key supplier to china, still has some april cargoes that remain unsold, indicating a lack of interest from chinese refiners.physical prices have been weaker than futures have been suggesting for several weeks now, shaw said.U.S. crude stockpile data from the american petroleum institute will be released later on tuesday. analysts estimate U.S. crude inventories fell by about 900,000 barrels in the week to march 19 while refinery utilisation rose by 3.2 percentage points, according to a reuters poll.inventory data from the EIA, considered more definitive, will be released on wednesday.', 'LONDON/HONG KONG oil prices slumped and shares slipped from a one-year peak on tuesday as a wave of coronavirus infections, a fresh lockdown in germany, and U.S. and european sanctions over china combined to curb risk appetite worldwide.brent crude futures dropped by $2.59, or 4%, to $62.03 a barrel by 1225 GMT and U.S. west texas intermediate (WTI) crude futures likewise slid 4% on concerns that new pandemic curbs and slow vaccine rollouts in europe will hold back a recovery in demand.energy stocks were also hit, with chevron corp, occidental petroleum corp and exxon mobil corp shedding between 1.5% and 3.5% pre-market, while travel-related stocks also fell as much as 4%.the STOXX index of 600 european shares slipped 0.4%, while the benchmark 10-year german government bond yield dropped 4 basis points to -0.351%, its lowest in a week, and gold inched up as investors sought safer assets. U.S. stock index futures slid ahead of congressional testimony by federal reserve chair jerome powell and treasury secretary janet yellen later in the day that may shed light on the pace of economic rebound from the COVID-19 pandemic.in remarks prepared for delivery to the hearing on tuesday morning, powell said the U.S. economic recovery had progressed ""more quickly than generally expected"".the congressional hearings begin at 12 p.m. ET (1600 GMT).""The FOMC last week laid out pretty clearly what the fed view is with regard to rates . the next thing that markets will focus on is maybe getting some details from yellen with regard to further infrastructure investment,"" said alex wolf, head of investment strategy for asia at J.P. morgan private bank, referring to a statement from the federal open market Committee.A mixed bag of new western sanctions on china, coronavirus concerns and turkish tumult after president tayyip erdogan shock sacking of the central bank chief at the weekend left investors awaiting a firmer signal.the turkish lira appeared to find a floor after monday historic 7.5% slump, rising as much as 1% in volatile trading to 7.8742 against the dollar by 1234 GMT. in asia, MSCI broadest index of Asia-Pacific shares outside japan dropped 0.66%, hurt by a 0.95% fall in chinese blue chips as a fresh wave of U.S. and european sanctions over human rights abuses in xinjiang hit.the sanctions on china prompted an immediate riposte from beijing against the EU that appeared broader, including european lawmakers, diplomats, institutes and families.adding to market jitters were further worries over the efficacy of the AstraZeneca plc vaccine developed with oxford university after a U.S. health agency said the drugmaker may have included outdated information in its data.the fall in oil prices, travel and energy-related stocks was spearheaded by news germany had extended its lockdown until april 18, reversing plans for a gradual reopening of the economy agreed earlier this month.""global travel is still looking like it could be a while away,"" said matt stanley, a fuel broker at star fuels in dubai, adding that a second-half recovery in oil demand looked doubtful as lockdowns remain the order of the day. benchmark 10-year U.S. treasury notes last yielded 1.6523%, down from 1.732% late on friday. the dollar gained slightly against a basket of six major currencies, last trading at 92.1, having slipped 0.32% on monday, while making advances against the kiwi, aussie and sterling.spot gold rose slightly to $1,740 per ounce by 1239 GMT, buoyed by easing U.S. treasury yields. the new zealand dollar hit a three-month low after the government introduced taxes to curb housing speculation, a move investors reckoned could allow the central bank to hold low interest rates for longer with less risk of a property bubble.', 'LONDON/HONG KONG shares slipped from a one-year peak, sovereign bond yields fell, and oil prices slumped as a wave of coronavirus infections, a fresh lockdown in germany and U.S. and european sanctions over china combined to curb risk appetite worldwide. the STOXX index of 600 european shares fell 0.4%, while the benchmark 10-year german government bond yield dropped 4 basis points to -0.351% and gold inched up as investors sought safer assets. U.S. markets appeared set to inherit the negative mood with S&P 500 futures down 0.4% ahead of congressional testimony by fed chair jerome powell and treasury secretary janet yellen later in the day.in remarks prepared for delivery to a congressional hearing on tuesday morning, the fed chief powell said the U.S. economic recovery had progressed ""more quickly than generally expected"".""the FOMC last week laid out pretty clearly what the fed view is with regard to rates. the next thing that markets will focus on is maybe getting some details from yellen with regard to further infrastructure investment,"" said alex wolf head of investment strategy for asia at J.P. morgan private bank, referring to a statement from the federal open market Committee.A mixed bag of new western sanctions on china, coronavirus concerns and turkish tumult after president tayyip erdogan shock sacking of the central bank chief at the weekend left investors awaiting a firmer signal.the turkish lira appeared to find a floor after monday historic 7.5% slump, rising as much as 1% in volatile trading to 7.7192 against the dollar. in asia, MSCI broadest index of Asia-Pacific shares outside japan dropped 0.66%, hurt by a 0.95% fall in chinese blue chips as a fresh wave of U.S. and european sanctions related to human rights abuses in xinjiang hit.the sanctions on china prompted an immediate riposte from beijing against the EU that appeared broader, including european lawmakers, diplomats, institutes and families.adding to market jitters were further worries over the efficacy of the AstraZeneca plc vaccine developed with oxford university after a U.S. health agency said the drugmaker may have included outdated information in its data.oil prices fell 4%, hit by concerns that new pandemic curbs and slow vaccine rollouts in europe will hold back a recovery in demand along with fresh travel restrictions.brent crude futures dropped by $2.59, or 4%, to $62.03 a barrel by 1108 GMT. U.S. west texas intermediate (WTI) crude futures fell by $2.43, or 3.95%, to $59.11 a barrel.""global travel is still looking like it could be a while away,"" said matt stanley, a fuel broker at star fuels in dubai, adding that a second-half recovery in oil demand looked doubtful as lockdowns remain the order of the day. benchmark 10-year U.S. treasury notes last yielded 1.6505%, down from 1.732% late on friday. the dollar gained slightly against a basket of six major currencies last trading at 92.019, having slipped 0.32% on monday, while making advances against the kiwi, aussie and sterling.spot gold rose slightly to $1,740 per ounce by 1100 GMT, buoyed by easing U.S. treasury yields. the new zealand dollar hit a three-month low after the government introduced taxes to curb housing speculation, a move investors reckoned could allow the central bank to hold interest rates lower for longer with less risk of a property bubble.', 'LONDON/HONG KONG shares slipped from a one-year peak, sovereign bond yields fell, and oil prices slumped as a wave of coronavirus infections, a fresh lockdown in germany and U.S. and european sanctions over china combined to curb risk appetite worldwide. the STOXX index of 600 european shares fell 0.4%, while the benchmark 10-year german government bond yield dropped 4 basis points to -0.351% and gold inched up as investors sought safer assets. U.S. markets appeared set to inherit the negative mood with S&P 500 futures down 0.4% ahead of congressional testimony by fed chair jerome powell and treasury secretary janet yellen later in the day.in remarks prepared for delivery to a congressional hearing on tuesday morning, the fed chief powell said the U.S. economic recovery had progressed ""more quickly than generally expected"".""the FOMC last week laid out pretty clearly what the fed view is with regard to rates. the next thing that markets will focus on is maybe getting some details from yellen with regard to further infrastructure investment,"" said alex wolf head of investment strategy for asia at J.P. morgan private bank, referring to a statement from the federal open market Committee.A mixed bag of new western sanctions on china, coronavirus concerns and turkish tumult after president tayyip erdogan shock sacking of the central bank chief at the weekend left investors awaiting a firmer signal.the turkish lira appeared to find a floor after monday historic 7.5% slump, rising as much as 1% in volatile trading to 7.7192 against the dollar. in asia, MSCI broadest index of Asia-Pacific shares outside japan dropped 0.66%, hurt by a 0.95% fall in chinese blue chips as a fresh wave of U.S. and european sanctions related to human rights abuses in xinjiang hit.the sanctions on china prompted an immediate riposte from beijing against the EU that appeared broader, including european lawmakers, diplomats, institutes and families.adding to market jitters were further worries over the efficacy of the AstraZeneca plc vaccine developed with oxford university after a U.S. health agency said the drugmaker may have included outdated information in its data.oil prices fell 4%, hit by concerns that new pandemic curbs and slow vaccine rollouts in europe will hold back a recovery in demand along with fresh travel restrictions.brent crude futures dropped by $2.59, or 4%, to $62.03 a barrel by 1108 GMT. U.S. west texas intermediate (WTI) crude futures fell by $2.43, or 3.95%, to $59.11 a barrel.""global travel is still looking like it could be a while away,"" said matt stanley, a fuel broker at star fuels in dubai, adding that a second-half recovery in oil demand looked doubtful as lockdowns remain the order of the day. benchmark 10-year U.S. treasury notes last yielded 1.6505%, down from 1.732% late on friday. the dollar gained slightly against a basket of six major currencies last trading at 92.019, having slipped 0.32% on monday, while making advances against the kiwi, aussie and sterling.spot gold rose slightly to $1,740 per ounce by 1100 GMT, buoyed by easing U.S. treasury yields. the new zealand dollar hit a three-month low after the government introduced taxes to curb housing speculation, a move investors reckoned could allow the central bank to hold interest rates lower for longer with less risk of a property bubble.']","['https://tribune.com.pk/story/2291014/oil-falls-more-than-3-as-covid-curbs-point-to-demand-hit', 'https://www.brecorder.com/news/40076787/oil-plunges-more-than-6pc-on-concerns-over-europe-curbs-rollouts', 'https://www.brecorder.com/news/40076767/global-equities-oil-prices-slide-on-concerns-over-europe-covid-case-counts', 'https://www.brecorder.com/news/40076681/oil-drops-on-concerns-european-covid-19-issues-to-crimp-demand', 'https://www.brecorder.com/news/40076766/oil-and-shares-slide-as-sanctions-virus-fears-strike', 'https://www.brecorder.com/news/40076765/shares-and-oil-slide-as-sanctions-virus-fears-strike', 'https://www.brecorder.com/news/40076765/shares-and-oil-slide-as-sanctions-virus-fears-strike']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices slide', 'oil prices fell', 'oil prices slump', 'oil prices fell', 'oil prices slump']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg']",107.31,"[-5.33, -5.33, 0.36, -5.33, 1.46, -5.33, 1.46]",-2.58,3,0,-2,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news sentiment is negative but not significantly low. The market signal suggests a neutral stance. Hence, we recommend holding the position and closely monitoring the market for any significant changes in sentiment.""
}"
3/24/2021,"['Sagging oil price surges 6pc as grounded ship blocks Suez Canal', 'Global oil prices tumble 4%']","['sagging oil price surges 6pc as grounded ship blocks suez canal', 'global oil prices tumble 4%']","['Business Recorder', 'Tribune']","['NEW YORK: Oil prices jumped about 6pc on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.The crude benchmarks, U.S. crude and London-based Brent, added to gains after U.S. inventory figures showed a further rebound in refining activity, suggesting U.S. refiners are mostly recovered from the cold snap that slammed Texas in February.Brent crude gained $3.69, or 6.1pc, to $64.48 a barrel by 12:53 p.m. EDT (1653 GMT), after tumbling 5.9pc the previous day. West Texas Intermediate (WTI) climbed $3.49, or 6pc, to $61.25, having lost 6.2pc on Tuesday.    The gains appeared to stabilize the market that had slumped from early this month, when prices hit their highest levels this year on expectations for demand recovery. Those hopes have since been dashed as European nation’s re-entered lockdowns to halt another wave of the pandemic.Oil has recovered from historic lows reached last year as OPEC and its allies made record output cuts. On Tuesday, both benchmarks touched their lowest since February.A giant container ship has been blocking the Suez Canal for more than a day, but it has been partially refloated, with traffic along the fastest shipping route from Europe to Asia expected to resume soon, port agent GAC said on Wednesday.""It\'s one of those wild cards that is unique to the crude oil industry,"" said Bob Yawger of Mizuho in New York. ""Once you think you have everything nailed down, I can guarantee one thing: you don\'t.""Oil prices were also supported by U.S. Energy Information Administration data that showed refinery runs recovering after a winter storm shut Texas refineries last month.""The refiners are coming out of maintenance and recovering from the power outages. The expectation is now that they\'re getting back to work, we will see crude inventories trending lower in the coming weeks,"" said Phil Flynn, senior analyst at Price Futures Group in Chicago.Italy, France and other European countries have re-imposed movement restrictions. But German Chancellor Angela Merkel said she was reversing a decision for a stricter Easter shutdown. Germany is Europe\'s biggest oil consumer.  OPEC and its allies, known as OPEC+, meet on April 1 to consider whether to unwind more of their output cuts.', 'Brent crude futures were down $2.56, or 4%, to $62.08 a barrel by 12:16 pm ET\nNEW YORK:\n \n Oil prices fell more than 4% on Tuesday, hit by concerns over new pandemic curbs and slow vaccine rollouts in Europe as well as a stronger dollar. \n Brent crude futures were down $2.56, or 4%, to $62.08 a barrel by 12:16 pm ET (1616 GMT), having hit a low of $61.41. West Texas Intermediate crude (WTI) fell $2.65, or 4.3%, to $58.91, after falling to as low as $58.47. Both benchmarks traded near lows not seen since February 12. \n The front-month Brent spread flipped into a small contango for the first time since January. Contango is where the front-month contracts are cheaper than future months, and could encourage traders to put oil into storage. \n “The road to oil demand recovery appears to be full of obstacles as the world continues to fight the Covid-19 pandemic,â€ÂÂ\x9d Bjornar Tonhaugen, head of oil markets at Rystad Energy. “Oil prices are declining again on Tuesday, proving that last week’s correction was not deep enough and that the market had been trading lately with an excessively bullish sentiment, overlooking the pandemic’s risk,â€ÂÂ\x9d he said. \n Extended lockdowns in Europe are being driven by the threat of a third wave, with a new variant of the coronavirus on the continent. Germany, Europe’s biggest oil consumer, is extending its lockdown until April 18. \n Nearly a third of France entered a month-long lockdown on Saturday following a jump in cases in Paris and parts of northern France. \n A stronger US dollar also weighed on prices.']","['NEW YORK oil prices jumped about 6pc on wednesday after a ship ran aground in the suez canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.the crude benchmarks, U.S. crude and London-based brent, added to gains after U.S. inventory figures showed a further rebound in refining activity, suggesting U.S. refiners are mostly recovered from the cold snap that slammed texas in February.Brent crude gained $3.69, or 6.1pc, to $64.48 a barrel by 12 53 p.m. EDT (1653 GMT), after tumbling 5.9pc the previous day. west texas intermediate (WTI) climbed $3.49, or 6pc, to $61.25, having lost 6.2pc on tuesday. the gains appeared to stabilize the market that had slumped from early this month, when prices hit their highest levels this year on expectations for demand recovery. those hopes have since been dashed as european nations re-entered lockdowns to halt another wave of the pandemic.oil has recovered from historic lows reached last year as OPEC and its allies made record output cuts. on tuesday, both benchmarks touched their lowest since February.A giant container ship has been blocking the suez canal for more than a day, but it has been partially refloated, with traffic along the fastest shipping route from europe to asia expected to resume soon, port agent GAC said on Wednesday.""It one of those wild cards that is unique to the crude oil industry,"" said bob yawger of mizuho in new york. ""once you think you have everything nailed down, I can guarantee one thing you don\'t.""oil prices were also supported by U.S. energy information administration data that showed refinery runs recovering after a winter storm shut texas refineries last month.""the refiners are coming out of maintenance and recovering from the power outages. the expectation is now that they are getting back to work, we will see crude inventories trending lower in the coming weeks,"" said phil flynn, senior analyst at price futures group in Chicago.Italy, france and other european countries have re-imposed movement restrictions. but german chancellor angela merkel said she was reversing a decision for a stricter easter shutdown. germany is europe biggest oil consumer. OPEC and its allies, known as OPEC+, meet on april 1 to consider whether to unwind more of their output cuts.', 'brent crude futures were down $2.56, or 4%, to $62.08 a barrel by 12 16 pm ET NEW YORK oil prices fell more than 4% on tuesday, hit by concerns over new pandemic curbs and slow vaccine rollouts in europe as well as a stronger dollar. brent crude futures were down $2.56, or 4%, to $62.08 a barrel by 12 16 pm ET (1616 GMT), having hit a low of $61.41. west texas intermediate crude (WTI) fell $2.65, or 4.3%, to $58.91, after falling to as low as $58.47. both benchmarks traded near lows not seen since february 12. the front-month brent spread flipped into a small contango for the first time since january. contango is where the front-month contracts are cheaper than future months, and could encourage traders to put oil into storage. the road to oil demand recovery appears to be full of obstacles as the world continues to fight the Covid-19 pandemic, bjornar tonhaugen, head of oil markets at rystad energy. oil prices are declining again on tuesday, proving that last weeks correction was not deep enough and that the market had been trading lately with an excessively bullish sentiment, overlooking the pandemics risk, he said. extended lockdowns in europe are being driven by the threat of a third wave, with a new variant of the coronavirus on the continent. germany, europes biggest oil consumer, is extending its lockdown until april 18. nearly a third of france entered a month-long lockdown on saturday following a jump in cases in paris and parts of northern france. A stronger US dollar also weighed on prices.']","['https://www.brecorder.com/news/40077221/sagging-oil-price-surges-6pc-as-grounded-ship-blocks-suez-canal', 'https://tribune.com.pk/story/2291052/global-oil-prices-tumble-4']","['brent, , ']","['oil prices jumped', 'oil prices fell']","['pos', 'neg']",104.25,"[5.65, -5.33]",0.16,-3,3,-3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Although the news sentiment is slightly positive, it is not strong enough to counteract the negative market signal. Therefore, we recommend refraining from the market at this time.""
}"
3/25/2021,"['Oil falls as demand concerns outweigh Suez Canal disruptions', 'Oil falls as demand concerns trump Suez Canal disruptions', 'Oil drops as demand concerns outweigh Suez Canal disruptions', 'Oil prices drop 4pc as new lockdowns undermine hopes for economic recovery', 'Oil prices drop as demand concerns outweigh Suez disruption']","['oil falls as demand concerns outweigh suez canal disruptions', 'oil falls as demand concerns trump suez canal disruptions', 'oil drops as demand concerns outweigh suez canal disruptions', 'oil prices drop 4pc as new lockdowns undermine hopes for economic recovery', 'oil prices drop as demand concerns outweigh suez disruption']","['Tribune', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['LONDON:Oil prices fell on Thursday as a new round of coronavirus restrictions in Europe revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal.Brent crude slid $0.62, or 1%, to $63.79 a barrel at 1048 GMT. US West Texas Intermediate (WTI) crude dropped by $0.79, or 1.3%, to $60.39 a barrel.Both contracts jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, one of the world’s most important oil shipping routes.The Suez Canal Authority said on Thursday it had suspended traffic temporarily while eight tugs work to free the vessel.“We believe that the incident mostly creates noise in the market, and should remain without any lasting fundamental impact,â€ÂÂ\x9d said Norbert Rücker, analyst at Julius Baer bank. “Usually, similar incidents last days rather than weeks.â€ÂÂ\x9dWood Mackenzie’s Vice President Ann-Louise Hittle said a few days of delays in crude or product travelling through the Suez Canal to Europe and the United States should not have a prolonged impact on prices in those markets.The oil market was more worried about the prospect of extended lockdowns in Europe and disruptions to the distribution of coronavirus vaccines.India reported its highest one-day tally of new coronavirus infections and deaths and said a new “double mutantâ€ÂÂ\x9d variant had been found.“While the focus was on Europe, we also have rising Covid-19 cases in places like India and Brazil, developing economies which are really critical to the story for sustainable oil demand growth,â€ÂÂ\x9d said Commonwealth Bank commodities analyst Vivek Dhar.Given the persistent demand worries and falling prices, expectations are growing that the Organisation of the Petroleum Exporting Countries and allies, together called OPEC+, will roll over their current supply curbs into May at a meeting scheduled for April 1, four OPEC+ sources told Reuters.“Oil markets are unlikely to renew their upward momentum aggressively until OPEC+’s next meeting in early April, which should leave production cuts unchanged,â€ÂÂ\x9d said Jeffrey Halley, senior market analyst at Oanda.The global oil market was also under pressure as producers faced difficulties selling to Asia, especially China. Asian buyers instead took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said.A strong dollar also weighed on oil prices. The dollar hit a new four-month high against the euro as the US pandemic response continued to outpace Europe’s.', 'SINGAPORE: Oil prices fell more than 1% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal.Brent crude futures slid 77 cents, or 1.2%, to $63.64 a barrel at 0736 GMT, after jumping 6% overnight.US West Texas Intermediate (WTI) crude futures dropped by 87 cents, or 1.4%, to $60.31 a barrel, after climbing 5.9% overnight.Both benchmarks fell over 2% earlier in the session.""Oil is shifting lower, and in addition to lockdown woes, the slow uptake in Chinese buying, evidence of rising Iranian exports and clear signals that the physical market was not reflecting the futures market continues to cloud the near term viewfinder,"" said Stephen Innes, chief markets strategist at Axi.Prices, which tumbled earlier in the week on worries about tighter pandemic curbs in Europe and vaccine delays stalling fuel demand growth, sharply reversed on Wednesday on news of the grounding in the Suez Canal, potentially blocking 10 tankers carrying 13 million barrels of oil.Dozens of ships were in the five waiting zones for passage through the nearly 200 km (120 mile) canal, with more approaching the area.""The longer this disruption lasts the more likely we see refiners (and) buyers having to turn to the spot market to ensure supply from elsewhere,"" ING Economics said, adding that shipping companies faced a decision on whether to travel via the Cape of Good Hope in South Africa, causing delays.The market was also helped on Wednesday by data showing US gasoline demand improved and refinery run rates were picking up as well as data pointing to strong Euro zone economic activity this month.However, analysts said such supportive factors were likely to be overshadowed by growing concerns about global demand.""As much as those factors were there, it doesn\'t really erase the demand concerns questions that were asked earlier this week,"" said Commonwealth Bank commodities analyst Vivek Dhar.""And while the focus was on Europe, we also have rising COVID-19 cases in places like India and Brazil, developing economies which are really critical to the story for sustainable oil demand growth.""India on Wednesday reported its highest one-day tally of new infections and deaths and said a new ""double mutant"" variant of the coronavirus had been found.Given the persistent demand worries and falling prices, expectations are growing that the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, will roll over their current supply curbs into May at a meeting scheduled for April 1, four OPEC+ sources told Reuters.""Oil markets are unlikely to renew their upward momentum aggressively until OPEC+\'s next meeting in early April, which should leave production cuts unchanged,"" said Jeffrey Halley, senior market analyst at OANDA.', 'LONDON: Oil prices fell on Thursday as a new round of coronavirus restrictions in Europe revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal.Brent crude slid $1.19, or 1.8%, to $63.22 a barrel at 1148 GMT. US West Texas Intermediate (WTI) crude dropped by $1.35, or 2.2%, to $59.83 a barrel.Both contracts jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, one of the world\'s most important oil shipping routes. The Suez Canal Authority said on Thursday it had suspended traffic temporarily while eight tugs work to free the vessel.""We believe that the incident mostly creates noise in the market, and should remain without any lasting fundamental impact,"" said Norbert Rücker, analyst at Julius Baer bank. ""Usually, similar incidents last days rather than weeks.""Wood Mackenzie\'s vice president Ann-Louise Hittle said a few days of delays in crude or product travelling through the Suez Canal to the Europe and the United States should not have a prolonged impact on prices in those markets.The impact of the Suez Canal blockade on oil prices is also limited as the destination of most oil tankers is Europe, but European demand is currently weak due to a new round of lockdowns to curb the coronavirus.""If Europe was in a better state in its COVID-19 battle, then the disruption would possibly create a more prolonged issue but this is not the case. That is why traders today quickly corrected some of the previous day\'s gains,"" said Rystad Energy\'s analyst Bjornar Tonhaugen.Given the persistent demand worries and falling prices, expectations are growing that the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, will roll over their current supply curbs into May at a meeting scheduled for April 1, four OPEC+ sources told Reuters.""Oil markets are unlikely to renew their upward momentum aggressively until OPEC+\'s next meeting in early April, which should leave production cuts unchanged,"" said Jeffrey Halley, senior market analyst at OANDA.The global oil market was also under pressure as producers faced difficulties selling to Asia, especially China. Asian buyers instead took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said.A strong dollar also weighed on oil prices. The dollar hit a new four-month high against the euro as the US pandemic response continued to outpace Europe\'s.', 'NEW YORK: Oil prices fell 4pc per barrel on Thursday, extending a string of market weakness on renewed lockdowns in Europe and Asia to head off a rising coronavirus infection rate. Prices lost much of the gains from the previous session that followed news of a large container ship running aground in the Suez Canal. The ship has still not been freed, but for now the market was shrugging off the blockage, as only a small percentage of the world\'s crude is shipped through the canal. Brent crude fell $2.58, or 4pc, to $61.83 a barrel by 12:33 p.m. EDT (1633 GMT). U.S. West Texas Intermediate (WTI) crude fell $2.95, or 4.8pc, to $58.23 a barrel.Countries in Europe are renewing restrictions to curb coronavirus infections, which will reduce demand from the region. Germany, the largest European economy, saw the biggest increase in coronavirus cases in the country since January.  ""Germany, Italy and other areas in the eurozone are going backwards and the demand destruction is basically overwhelming,"" said Bob Yawger, trader at Mizuho in New York. In parts of western India, authorities ordered people indoors as new coronavirus infections hit the highest in five months.Vaccine distribution has been faster in the United States than all but a few countries, but health experts are concerned that spring break travel in the United States will spur another outbreak.The strong dollar also weighed on oil prices. The dollar hit a new four-month high against the euro as the U.S. pandemic response continued to outpace Europe\'s. A rising U.S. dollar makes greenback-denominated oil more expensive for holders of other currencies.   The Organization of Petroleum Exporting Countries and allies, together called OPEC+, are expected to roll over their current supply curbs into May at a meeting scheduled for April 1, four OPEC+ sources told Reuters. The group recently declined to increase supply on worries that COVID-19 infections would rise again.U.S. crude inventories rose on Wednesday to their highest since December, adding to global supplies. The market was also under pressure as producers faced difficulties selling to Asia, especially China. Asian buyers instead took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said.', 'LONDON: Oil prices fell on Thursday as a new round of coronavirus restrictions in Europe revived worries about demand, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal.Brent crude slid $1.69, or 2.6%, to $62.72 a barrel at 1340 GMT. US West Texas Intermediate (WTI) crude dropped by $1.86, or 3%, to $59.32 a barrel.Both contracts jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, one of the world\'s most important oil shipping routes. The Suez Canal Authority said on Thursday it had suspended traffic temporarily while eight tugs work to free the vessel.""We believe that the incident mostly creates noise in the market and should remain without any lasting fundamental impact,"" said Norbert Rücker, analyst at Julius Baer bank.Wood Mackenzie\'s vice president, Ann-Louise Hittle, said a few days of delays in crude or product travelling through the Suez Canal to Europe and the United States should not have a prolonged impact on prices in those markets.The impact of the Suez Canal blockade on oil prices is also limited as the destination of most oil tankers is Europe, but European demand is currently weak due to a new round of lockdowns.""If Europe was in a better state in its COVID-19 battle, then the disruption would possibly create a more prolonged issue but this is not the case. That is why traders today quickly corrected some of the previous day\'s gains,"" said Rystad Energy\'s analyst Bjornar Tonhaugen.The technical manager of the ship said another effort to re-float the vessel will be undertaken later in the day after an earlier attempt failed. The salvage company said it might take weeks.Given the persistent demand worries and falling prices, expectations are growing that the Organization of Petroleum Exporting Countries and allies, together called OPEC+, will roll over their current supply curbs into May at a meeting scheduled for April 1, four OPEC+ sources told Reuters.""Oil markets are unlikely to renew their upward momentum aggressively until OPEC+\'s next meeting in early April, which should leave production cuts unchanged,"" said Jeffrey Halley, senior market analyst at OANDA.The global oil market was also under pressure as producers faced difficulties selling to Asia, especially China. Asian buyers instead took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said.A strong dollar also weighed on oil prices. The dollar hit a new four-month high against the euro as the US pandemic response continued to outpace Europe\'s.']","['LONDON oil prices fell on thursday as a new round of coronavirus restrictions in europe revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the suez Canal.Brent crude slid $0.62, or 1%, to $63.79 a barrel at 1048 GMT. US west texas intermediate (WTI) crude dropped by $0.79, or 1.3%, to $60.39 a barrel.both contracts jumped about 6% on wednesday after a ship ran aground in the suez canal, one of the worlds most important oil shipping routes.the suez canal authority said on thursday it had suspended traffic temporarily while eight tugs work to free the vessel.we believe that the incident mostly creates noise in the market, and should remain without any lasting fundamental impact, said norbert rucker, analyst at julius baer bank. usually, similar incidents last days rather than weeks.wood mackenzies vice president Ann-Louise hittle said a few days of delays in crude or product travelling through the suez canal to europe and the united states should not have a prolonged impact on prices in those markets.the oil market was more worried about the prospect of extended lockdowns in europe and disruptions to the distribution of coronavirus vaccines.india reported its highest one-day tally of new coronavirus infections and deaths and said a new double mutant variant had been found.while the focus was on europe, we also have rising Covid-19 cases in places like india and brazil, developing economies which are really critical to the story for sustainable oil demand growth, said commonwealth bank commodities analyst vivek Dhar.Given the persistent demand worries and falling prices, expectations are growing that the organisation of the petroleum exporting countries and allies, together called OPEC+, will roll over their current supply curbs into may at a meeting scheduled for april 1, four OPEC+ sources told Reuters.Oil markets are unlikely to renew their upward momentum aggressively until OPEC+s next meeting in early april, which should leave production cuts unchanged, said jeffrey halley, senior market analyst at Oanda.The global oil market was also under pressure as producers faced difficulties selling to asia, especially china. asian buyers instead took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said.a strong dollar also weighed on oil prices. the dollar hit a new four-month high against the euro as the US pandemic response continued to outpace europes.', 'SINGAPORE oil prices fell more than 1% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the suez Canal.Brent crude futures slid 77 cents, or 1.2%, to $63.64 a barrel at 0736 GMT, after jumping 6% overnight.US west texas intermediate (WTI) crude futures dropped by 87 cents, or 1.4%, to $60.31 a barrel, after climbing 5.9% overnight.both benchmarks fell over 2% earlier in the session.""oil is shifting lower, and in addition to lockdown woes, the slow uptake in chinese buying, evidence of rising iranian exports and clear signals that the physical market was not reflecting the futures market continues to cloud the near term viewfinder,"" said stephen innes, chief markets strategist at Axi.Prices, which tumbled earlier in the week on worries about tighter pandemic curbs in europe and vaccine delays stalling fuel demand growth, sharply reversed on wednesday on news of the grounding in the suez canal, potentially blocking 10 tankers carrying 13 million barrels of oil.dozens of ships were in the five waiting zones for passage through the nearly 200 km (120 mile) canal, with more approaching the area.""the longer this disruption lasts the more likely we see refiners (and) buyers having to turn to the spot market to ensure supply from elsewhere,"" ING economics said, adding that shipping companies faced a decision on whether to travel via the cape of good hope in south africa, causing delays.the market was also helped on wednesday by data showing US gasoline demand improved and refinery run rates were picking up as well as data pointing to strong euro zone economic activity this month.however, analysts said such supportive factors were likely to be overshadowed by growing concerns about global demand.""as much as those factors were there, it doesn\'t really erase the demand concerns questions that were asked earlier this week,"" said commonwealth bank commodities analyst vivek Dhar.""And while the focus was on europe, we also have rising COVID-19 cases in places like india and brazil, developing economies which are really critical to the story for sustainable oil demand growth.""india on wednesday reported its highest one-day tally of new infections and deaths and said a new ""double mutant"" variant of the coronavirus had been found.given the persistent demand worries and falling prices, expectations are growing that the organization of the petroleum exporting countries and allies, together called OPEC+, will roll over their current supply curbs into may at a meeting scheduled for april 1, four OPEC+ sources told Reuters.""Oil markets are unlikely to renew their upward momentum aggressively until OPEC+ next meeting in early april, which should leave production cuts unchanged,"" said jeffrey halley, senior market analyst at OANDA.', 'LONDON oil prices fell on thursday as a new round of coronavirus restrictions in europe revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the suez Canal.Brent crude slid $1.19, or 1.8%, to $63.22 a barrel at 1148 GMT. US west texas intermediate (WTI) crude dropped by $1.35, or 2.2%, to $59.83 a barrel.both contracts jumped about 6% on wednesday after a ship ran aground in the suez canal, one of the world most important oil shipping routes. the suez canal authority said on thursday it had suspended traffic temporarily while eight tugs work to free the vessel.""we believe that the incident mostly creates noise in the market, and should remain without any lasting fundamental impact,"" said norbert rucker, analyst at julius baer bank. ""usually, similar incidents last days rather than weeks.""wood mackenzie vice president Ann-Louise hittle said a few days of delays in crude or product travelling through the suez canal to the europe and the united states should not have a prolonged impact on prices in those markets.the impact of the suez canal blockade on oil prices is also limited as the destination of most oil tankers is europe, but european demand is currently weak due to a new round of lockdowns to curb the coronavirus.""if europe was in a better state in its COVID-19 battle, then the disruption would possibly create a more prolonged issue but this is not the case. that is why traders today quickly corrected some of the previous day gains,"" said rystad energy analyst bjornar Tonhaugen.Given the persistent demand worries and falling prices, expectations are growing that the organization of the petroleum exporting countries and allies, together called OPEC+, will roll over their current supply curbs into may at a meeting scheduled for april 1, four OPEC+ sources told Reuters.""Oil markets are unlikely to renew their upward momentum aggressively until OPEC+ next meeting in early april, which should leave production cuts unchanged,"" said jeffrey halley, senior market analyst at OANDA.The global oil market was also under pressure as producers faced difficulties selling to asia, especially china. asian buyers instead took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said.a strong dollar also weighed on oil prices. the dollar hit a new four-month high against the euro as the US pandemic response continued to outpace europe .', 'NEW YORK oil prices fell 4pc per barrel on thursday, extending a string of market weakness on renewed lockdowns in europe and asia to head off a rising coronavirus infection rate. prices lost much of the gains from the previous session that followed news of a large container ship running aground in the suez canal. the ship has still not been freed, but for now the market was shrugging off the blockage, as only a small percentage of the world crude is shipped through the canal. brent crude fell $2.58, or 4pc, to $61.83 a barrel by 12 33 p.m. EDT (1633 GMT). U.S. west texas intermediate (WTI) crude fell $2.95, or 4.8pc, to $58.23 a barrel.countries in europe are renewing restrictions to curb coronavirus infections, which will reduce demand from the region. germany, the largest european economy, saw the biggest increase in coronavirus cases in the country since january. ""germany, italy and other areas in the eurozone are going backwards and the demand destruction is basically overwhelming,"" said bob yawger, trader at mizuho in new york. in parts of western india, authorities ordered people indoors as new coronavirus infections hit the highest in five months.vaccine distribution has been faster in the united states than all but a few countries, but health experts are concerned that spring break travel in the united states will spur another outbreak.the strong dollar also weighed on oil prices. the dollar hit a new four-month high against the euro as the U.S. pandemic response continued to outpace europe . A rising U.S. dollar makes greenback-denominated oil more expensive for holders of other currencies. the organization of petroleum exporting countries and allies, together called OPEC+, are expected to roll over their current supply curbs into may at a meeting scheduled for april 1, four OPEC+ sources told reuters. the group recently declined to increase supply on worries that COVID-19 infections would rise again.U.S. crude inventories rose on wednesday to their highest since december, adding to global supplies. the market was also under pressure as producers faced difficulties selling to asia, especially china. asian buyers instead took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said.', 'LONDON oil prices fell on thursday as a new round of coronavirus restrictions in europe revived worries about demand, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the suez Canal.Brent crude slid $1.69, or 2.6%, to $62.72 a barrel at 1340 GMT. US west texas intermediate (WTI) crude dropped by $1.86, or 3%, to $59.32 a barrel.both contracts jumped about 6% on wednesday after a ship ran aground in the suez canal, one of the world most important oil shipping routes. the suez canal authority said on thursday it had suspended traffic temporarily while eight tugs work to free the vessel.""we believe that the incident mostly creates noise in the market and should remain without any lasting fundamental impact,"" said norbert rucker, analyst at julius baer bank.wood mackenzie vice president, Ann-Louise hittle, said a few days of delays in crude or product travelling through the suez canal to europe and the united states should not have a prolonged impact on prices in those markets.the impact of the suez canal blockade on oil prices is also limited as the destination of most oil tankers is europe, but european demand is currently weak due to a new round of lockdowns.""if europe was in a better state in its COVID-19 battle, then the disruption would possibly create a more prolonged issue but this is not the case. that is why traders today quickly corrected some of the previous day gains,"" said rystad energy analyst bjornar Tonhaugen.The technical manager of the ship said another effort to re-float the vessel will be undertaken later in the day after an earlier attempt failed. the salvage company said it might take weeks.given the persistent demand worries and falling prices, expectations are growing that the organization of petroleum exporting countries and allies, together called OPEC+, will roll over their current supply curbs into may at a meeting scheduled for april 1, four OPEC+ sources told Reuters.""Oil markets are unlikely to renew their upward momentum aggressively until OPEC+ next meeting in early april, which should leave production cuts unchanged,"" said jeffrey halley, senior market analyst at OANDA.The global oil market was also under pressure as producers faced difficulties selling to asia, especially china. asian buyers instead took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said.a strong dollar also weighed on oil prices. the dollar hit a new four-month high against the euro as the US pandemic response continued to outpace europe .']","['https://tribune.com.pk/story/2291434/oil-falls-as-demand-concerns-outweigh-suez-canal-disruptions', 'https://www.brecorder.com/news/40077519/oil-falls-as-demand-concerns-trump-suez-canal-disruptions', 'https://www.brecorder.com/news/40077558/oil-drops-as-demand-concerns-outweigh-suez-canal-disruptions', 'https://www.brecorder.com/news/40077723/oil-prices-drop-4pc-as-new-lockdowns-undermine-hopes-for-economic-recovery', 'https://www.brecorder.com/news/40077672/oil-prices-drop-as-demand-concerns-outweigh-suez-disruption']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices fell', 'oil prices fell', 'oil prices fell']","['neg', 'neg', 'neg', 'neg', 'neg']",104.27,"[-5.33, -5.33, -5.33, -5.33, -5.33]",-5.33,-3,3,-3,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a strongly negative outlook. Therefore, we recommend selling positions or adopting a defensive stance to mitigate potential losses.""
}"
3/26/2021,['Oil prices drop 4pc as new lockdowns undermine hopes for economic recovery'],['oil prices drop 4pc as new lockdowns undermine hopes for economic recovery'],['Business Recorder'],"['• Traders shrug off Suez Canal incident• Big gains unlikely until OPEC meeting on April 1NEW YORK: Oil prices fell 4% per barrel on Thursday, extending a string of market weakness on renewed lockdowns in Europe and Asia to head off a rising coronavirus infection rate.Prices lost much of the gains from the previous session that followed news of a large container ship running aground in the Suez Canal. The ship has still not been freed, but for now the market was shrugging off the blockage, as only a small percentage of the world’s crude is shipped through the canal.Brent crude fell $2.46, or 3.8%, to settle at $61.95 a barrel. US West Texas Intermediate (WTI) crude fell $2.62, or 4.3%, to settle at $58.56 a barrel.Countries in Europe are renewing restrictions to curb COVID-19 cases, which will reduce demand from the region. Germany, the largest European economy, saw its biggest increase in coronavirus cases since January.“Germany, Italy and other areas in the eurozone are going backwards and the demand destruction is basically overwhelming,â€Â\x9d said Bob Yawger, trader at Mizuho in New York.In parts of western India, authorities ordered people indoors as new coronavirus infections hit their highest level in five months.Vaccine distribution has been faster in the United States than all but a few countries, but health experts are concerned that spring break travel will spur an increase in US COVID-19 cases.The strong dollar also weighed on oil prices. The dollar hit a new four-month high against the euro as the US pandemic response continued to outpace Europe’s. A rising US dollar makes greenback-denominated oil more expensive for holders of other currencies.The Organization of Petroleum Exporting Countries and allies, together called OPEC+, are expected to roll over their current supply curbs into May at a meeting scheduled for April 1, four OPEC+ sources told Reuters. The group recently declined to increase supply on worries that COVID-19 infections would rise again.US crude inventories rose on Wednesday to their highest since December, adding to global supplies.The market was also under pressure as producers faced difficulties selling to Asia, especially China. Asian buyers instead took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said.']","['traders shrug off suez canal incident big gains unlikely until OPEC meeting on april 1NEW YORK oil prices fell 4% per barrel on thursday, extending a string of market weakness on renewed lockdowns in europe and asia to head off a rising coronavirus infection rate.prices lost much of the gains from the previous session that followed news of a large container ship running aground in the suez canal. the ship has still not been freed, but for now the market was shrugging off the blockage, as only a small percentage of the worlds crude is shipped through the canal.brent crude fell $2.46, or 3.8%, to settle at $61.95 a barrel. US west texas intermediate (WTI) crude fell $2.62, or 4.3%, to settle at $58.56 a barrel.countries in europe are renewing restrictions to curb COVID-19 cases, which will reduce demand from the region. germany, the largest european economy, saw its biggest increase in coronavirus cases since January.Germany, italy and other areas in the eurozone are going backwards and the demand destruction is basically overwhelming, said bob yawger, trader at mizuho in new York.In parts of western india, authorities ordered people indoors as new coronavirus infections hit their highest level in five months.vaccine distribution has been faster in the united states than all but a few countries, but health experts are concerned that spring break travel will spur an increase in US COVID-19 cases.the strong dollar also weighed on oil prices. the dollar hit a new four-month high against the euro as the US pandemic response continued to outpace europes. A rising US dollar makes greenback-denominated oil more expensive for holders of other currencies.the organization of petroleum exporting countries and allies, together called OPEC+, are expected to roll over their current supply curbs into may at a meeting scheduled for april 1, four OPEC+ sources told reuters. the group recently declined to increase supply on worries that COVID-19 infections would rise again.US crude inventories rose on wednesday to their highest since december, adding to global supplies.the market was also under pressure as producers faced difficulties selling to asia, especially china. asian buyers instead took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said.']",['https://www.brecorder.com/news/40077842/oil-prices-drop-4pc-as-new-lockdowns-undermine-hopes-for-economic-recovery'],"['brent, , ']",['oil prices fell'],['neg'],103.06,[-5.33],-5.33,-2,-3,-3,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The overall news sentiment is significantly negative, and the market signal also indicates a strong sell sentiment. Therefore, we recommend selling positions or avoiding entry into the market to mitigate potential losses.""
}"
3/29/2021,"['Stranded Suez Canal ship re-floated, undergoing checks: sources', 'Stranded Suez Canal ship re-floated, undergoing checks: sources', 'Suez Canal Authority says stranded ship partially refloated', 'Asia shares edge higher, oil slips as Suez Canal ship re-floated', 'Traffic in Suez Canal resumes after stranded ship refloated']","['stranded suez canal ship re-floated, undergoing checks sources', 'stranded suez canal ship re-floated, undergoing checks sources', 'suez canal authority says stranded ship partially refloated', 'asia shares edge higher, oil slips as suez canal ship re-floated', 'traffic in suez canal resumes after stranded ship refloated']","['Business Recorder', 'Tribune', 'Dawn', 'Business Recorder', 'Tribune']","['CAIRO (Reuters) - The stranded container ship that blocked the Suez Canal for nearly a week was almost fully re-floated on Monday and has restarted its engines, a shipping source with knowledge of the matter said, raising hopes the busy waterway will soon be reopened.The MV Ever Given, longer than four football fields, has been wedged diagonally across the canal since Tuesday, towering over nearby palm trees and strangling world supply chains.The 400-metre (430-yard) long Ever Given has been straightened in the canal and will undergo initial inspections before being moved, two sources said.Video posted on social media appeared to show the ship’s stern had swung around, opening space in the canal. Other footage, which could not be immediately verified by Reuters, included cheering and ships’ horns sounding in celebration.Ship-tracking service VesselFinder has changed the ship’s status to under way on its website.At least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA Chairman Osama Rabie told Egypt’s Extra News on Sunday.Earlier on Monday, marine services firm Inchcape Shipping Services said the ship had been successfully re-floated at 4.30 am local time (0230 GMT) and was being secured.The ship’s technical manager Bernhard Schulte Shipmanagement (BSM) did not immediately respond to a request to comment.Egypt’s Leth Agencies tweeted the ship had been partially refloated, pending official confirmation from the Suez Canal Authority (SCA).The Suez Canal salvage teams intensified excavation and dredging on Sunday and were hoping a high tide would help them dislodge the ship.Crude oil prices fell after news the ship had been re-floated, with Brent crude down by $1 per barrel to $63.67. Shares of Taiwan-listed Evergreen Marine Corp - the vessel’s lessor - rose 3.3%.About 15% of world shipping traffic transits the Suez Canal, which is a key source of foreign currency revenue for Egypt. The current stoppage is costing the canal $14-$15 million a day.Shipping rates for oil product tankers nearly doubled after the ship became stranded, and the blockage has disrupted global supply chains, threatening costly delays for companies already dealing with COVID-19 restrictions.Some shippers had decided to reroute their cargoes around the Cape of Good Hope, adding about two weeks to journeys and extra fuel costs.A note from A.P. Moeller Maersk seen by Reuters said it had so far redirected 15 vessels around the Cape after calculating that the journey would be equal to the current delay of sailing to Suez and queuing.The SCA has said it can accelerate convoys through the canal once the Ever Given is freed.', 'CAIRO:The stranded container ship that blocked the Suez Canal for nearly a week was almost fully re-floated on Monday and has restarted its engines, a shipping source with knowledge of the matter said, raising hopes the busy waterway will soon be reopened.The 400-metre (430-yard) long Ever Given has been straightened in the canal and will undergo initial inspections before being moved, two sources said.Video posted on social media appeared to show the ship’s stern had swung around, opening space in the canal. Other footage, which could not be immediately verified by Reuters, included cheering and ships’ horns sounding in celebration.Ship-tracking service VesselFinder has changed the ship’s status to under way on its website.Read: Tugs, dredgers struggle to free ship blocking Suez CanalThe Ever Given became jammed diagonally across a southern section of the canal in high winds early on Tuesday, halting shipping traffic on the shortest shipping route between Europe and Asia.At least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA Chairman Osama Rabie told Egypt’s Extra News on Sunday.Earlier on Monday, marine services firm Inchcape Shipping Services said the ship had been successfully re-floated at 4.30 am local time (0230 GMT) and was being secured.The ship’s technical manager Bernhard Schulte Shipmanagement (BSM) did not immediately respond to a request to comment.Egypt’s Leth Agencies tweeted the ship had been partially refloated, pending official confirmation from the Suez Canal Authority (SCA).M/V EVER GIVEN has partially refloated in the #SuezCanal, pending official confirmation from Suez Canal Authority. pic.twitter.com/PQCn3K2fE6— Leth Agencies (@AgenciesLeth) March 29, 2021The Suez Canal salvage teams intensified excavation and dredging on Sunday and were hoping a high tide would help them dislodge the ship.Crude oil prices fell after news the ship had been re-floated, with Brent crude down by $1 per barrel to $63.67. Shares of Taiwan-listed Evergreen Marine Corp - the vessel’s lessor - rose 3.3%.About 15% of world shipping traffic transits the Suez Canal, which is a key source of foreign currency revenue for Egypt. The current stoppage is costing the canal $14-$15 million a day.Also read: Oil prices rise on fears Suez blockage may last weeksShipping rates for oil product tankers nearly doubled after the ship became stranded, and the blockage has disrupted global supply chains, threatening costly delays for companies already dealing with Covid-19 restrictions.Some shippers had decided to reroute their cargoes around the Cape of Good Hope, adding about two weeks to journeys and extra fuel costs.A note from AP Moeller Maersk seen by Reuters said it had so far redirected 15 vessels around the Cape after calculating that the journey would be equal to the current delay of sailing to Suez and queuing.The SCA has said it can accelerate convoys through the canal once the Ever Given is freed.', ""A massive container ship blocking Egypt's Suez Canal for nearly a week has been partially refloated, the Suez Canal Authority (SCA) said, raising hopes the busy waterway will soon be reopened.The 400 metre-long Ever Given became jammed diagonally across a southern section of the canal in high winds early last Tuesday, halting shipping traffic on the shortest shipping route between Europe and Asia.After further dredging and excavation over the weekend, efforts by rescue workers from the SCA and a team from Dutch firm Smit Salvage worked to free the ship using tug boats in the early hours of Monday, two marine and shipping sources said.The SCA said Ever Given has been straightened in the canal and further tugging operations would resume once the tide rises later on Monday. Marine traffic through the canal will resume once the ship is directed to the Great Lakes area, a wider section of the canal, it added.Video posted on social media appeared to show the ship had swung around, opening space in the canal. Other footage, which could not be immediately verified by Reuters, included cheering and ships' horns sounding in celebration.  At least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA Chairman Osama Rabie said.The ship's technical manager Bernhard Schulte Shipmanagement (BSM) did not immediately respond to a request to comment.The Suez Canal salvage teams had intensified excavation and dredging on Sunday and were hoping a high tide would help them dislodge the ship.Crude oil prices fell after news the ship had been re-floated, with Brent crude down by $1 per barrel to $63.67. Shares of Taiwan-listed Evergreen Marine Corp ��������� the vessel's lessor ��������� rose 3.3 per cent.About 15pc of world shipping traffic transits the Suez Canal, which is a key source of foreign currency revenue for Egypt. The current stoppage is costing the canal duct tankers nearly doubled after the ship became stranded, and the blockage has disrupted global supply chains, threatening costly delays for companies already dealing with Covid-19 restrictions.Some shippers had decided to reroute their cargoes around the Cape of Good Hope, adding about two weeks to journeys and extra fuel costs.A note from AP Moeller Maersk seen by Reuters said it had so far redirected 15 vessels around the Cape after calculating that the journey would be equal to the current delay of sailing to Suez and queuing.The SCA has said it can accelerate convoys through the canal once the Ever Given is freed."", 'SYDNEY: Asian share markets edged higher on Monday while oil prices slipped as the ship blocking the Suez Canal was re-floated, raising hopes the vital waterway could reopen and ease global shipping backlogs.The news added to optimism about world growth as markets look to President Joe Biden to outline his infrastructure spending plans this week, which could supercharge an already accelerating US recovery.""We expect the global economy to expand robustly at 6.4% this year, fuelled by a large US fiscal stimulus, with positive spillovers for the rest of the world,"" said Barclays economist Christian Keller.""Rising inflation over the coming months should be transitory, and core central banks seem committed to looking through it.""MSCI\'s broadest index of Asia-Pacific shares outside Japan added 0.3%, with activity restrained by the approach of quarter end. Chinese blue chips rose 0.8%.Japan\'s Nikkei gained 1%, though there was some nervousness when Nomura reported its US unit could face a $2 billion loss related to a client.There was also some caution after a $20 billion wave of block trades hit markets on Friday, reportedly linked to investment fund Archegos Capital.For now, Nasdaq futures were off 0.6% and S&P 500 futures 0.5%. EUROSTOXX 50 futures did manage to rise 0.2%, while FTSE futures were flat.The prospect of faster US economic growth has spurred speculation of rising inflation and weighed on Treasury prices. Yields on US 10-year notes eased a touch on Monday to 1.66%, but were still not far from the recent 13-month top of 1.754%.European yields have been restrained by active buying from the European Central Bank, widening the dollar\'s yield advantage over the euro. The single currency was last at $1.1786, having hit a five-month low of $1.1760 last week.Analysts at TD Securities noted the euro had failed to find any benefit from a very strong German IfO survey on Friday that showed business morale at a near two-year high and signs of recovery in the service sector. ""This suggests that market positioning still remains significantly skewed toward the long side in EURUSD - even though spot has seen a meaningful decline through the 200-day moving average,"" they wrote in a note. ""We continue to focus on downside risks from here.""The dollar held at 109.50 yen, having reached its highest since early June on Friday at 109.84. The dollar index stood at 92.774, after reaching its highest since mid-November.The lift in yields has weighed on gold, which offers no fixed return, and left it at $1,730 an ounce.Oil prices eased as markets assumed the re-floating of the Ever Given would allow tankers to use the waterway again. There were over 300 vessels waiting to pass through the shipping route which accounts for 12% of global trade.The market will also be cautious ahead of an OPEC meeting this week, which will have to decide whether to extend supply limits, or loosen the spigots.Brent fell 90 cents to $63.67 a barrel, while US crude lost $1.03 to $59.94 per barrel.', 'CAIRO:The giant container ship that blocked the Suez Canal for almost a week was fully floated on Monday and traffic in the waterway would resume, the canal authority said in a statement.A Reuters witness saw the ship moving and a shipping tracker and Egyptian TV showed it positioned in the centre of the canal.Egypt’s Leth Agencies tweeted It is with utmost pleasure that we can confirm that the #Suez Canal Authority and staff have succeeded in re-floating M/V EVER GIVEN. She is currently underway to Great Bitter Lake. It is with utmost pleasure that we can confirm that the #Suez Canal Authority and staff have succeeded in re-floating M/V EVER GIVEN. She is currently underway to Great Bitter Lake. More information will follow on our profile. M/V EVER GIVEN is no longer #grounded pic.twitter.com/jLjkeXAu4m— Leth Agencies (@AgenciesLeth) March 29, 2021 The 400-metre (430-yard) long Ever Given has been straightened in the canal and will undergo initial inspections before being moved, two sources said.Video posted on social media appeared to show the ship’s stern had swung around, opening space in the canal. Other footage, which could not be immediately verified by Reuters, included cheering and ships’ horns sounding in celebration. ICYMI: A traffic jam on the Suez Canal, like the one caused by the massive Ever Given container ship, is rather a big problem. Why is the Suez Canal so important? pic.twitter.com/vu8roKgu9N— Reuters (@Reuters) March 29, 2021 Ship-tracking service VesselFinder has changed the ship’s status to under way on its website.The Ever Given became jammed diagonally across a southern section of the canal in high winds early on Tuesday, halting shipping traffic on the shortest shipping route between Europe and Asia.At least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA Chairman Osama Rabie told Egypt’s Extra News on Sunday.Earlier on Monday, marine services firm Inchcape Shipping Services said the ship had been successfully re-floated at 4.30 am local time (0230 GMT) and was being secured.The ship’s technical manager Bernhard Schulte Shipmanagement (BSM) did not immediately respond to a request to comment.The Suez Canal salvage teams intensified excavation and dredging on Sunday and were hoping a high tide would help them dislodge the ship.Crude oil prices fell after news the ship had been re-floated, with Brent crude down by $1 per barrel to $63.67. Shares of Taiwan-listed Evergreen Marine Corp - the vessel’s lessor - rose 3.3%.About 15% of world shipping traffic transits the Suez Canal, which is a key source of foreign currency revenue for Egypt. The current stoppage is costing the canal $14-$15 million a day.']","['CAIRO (Reuters) - the stranded container ship that blocked the suez canal for nearly a week was almost fully re-floated on monday and has restarted its engines, a shipping source with knowledge of the matter said, raising hopes the busy waterway will soon be reopened.the MV ever given, longer than four football fields, has been wedged diagonally across the canal since tuesday, towering over nearby palm trees and strangling world supply chains.the 400-metre (430-yard) long ever given has been straightened in the canal and will undergo initial inspections before being moved, two sources said.video posted on social media appeared to show the ships stern had swung around, opening space in the canal. other footage, which could not be immediately verified by reuters, included cheering and ships horns sounding in celebration.Ship-tracking service VesselFinder has changed the ships status to under way on its website.at least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA chairman osama rabie told egypts extra news on Sunday.Earlier on monday, marine services firm inchcape shipping services said the ship had been successfully re-floated at 4.30 am local time (0230 GMT) and was being secured.the ships technical manager bernhard schulte shipmanagement (BSM) did not immediately respond to a request to comment.egypts leth agencies tweeted the ship had been partially refloated, pending official confirmation from the suez canal authority (SCA).The suez canal salvage teams intensified excavation and dredging on sunday and were hoping a high tide would help them dislodge the ship.crude oil prices fell after news the ship had been re-floated, with brent crude down by $1 per barrel to $63.67. shares of Taiwan-listed evergreen marine corp - the vessels lessor - rose 3.3%.about 15% of world shipping traffic transits the suez canal, which is a key source of foreign currency revenue for egypt. the current stoppage is costing the canal $14-$15 million a day.shipping rates for oil product tankers nearly doubled after the ship became stranded, and the blockage has disrupted global supply chains, threatening costly delays for companies already dealing with COVID-19 restrictions.some shippers had decided to reroute their cargoes around the cape of good hope, adding about two weeks to journeys and extra fuel costs.a note from A.P. moeller maersk seen by reuters said it had so far redirected 15 vessels around the cape after calculating that the journey would be equal to the current delay of sailing to suez and queuing.the SCA has said it can accelerate convoys through the canal once the ever given is freed.', 'CAIRO the stranded container ship that blocked the suez canal for nearly a week was almost fully re-floated on monday and has restarted its engines, a shipping source with knowledge of the matter said, raising hopes the busy waterway will soon be reopened.the 400-metre (430-yard) long ever given has been straightened in the canal and will undergo initial inspections before being moved, two sources said.video posted on social media appeared to show the ships stern had swung around, opening space in the canal. other footage, which could not be immediately verified by reuters, included cheering and ships horns sounding in celebration.Ship-tracking service VesselFinder has changed the ships status to under way on its website.read tugs, dredgers struggle to free ship blocking suez CanalThe ever given became jammed diagonally across a southern section of the canal in high winds early on tuesday, halting shipping traffic on the shortest shipping route between europe and Asia.At least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA chairman osama rabie told egypts extra news on Sunday.Earlier on monday, marine services firm inchcape shipping services said the ship had been successfully re-floated at 4.30 am local time (0230 GMT) and was being secured.the ships technical manager bernhard schulte shipmanagement (BSM) did not immediately respond to a request to comment.egypts leth agencies tweeted the ship had been partially refloated, pending official confirmation from the suez canal authority (SCA).M/V EVER GIVEN has partially refloated in the #SuezCanal, pending official confirmation from suez canal authority. leth agencies (@AgenciesLeth) march 29, 2021the suez canal salvage teams intensified excavation and dredging on sunday and were hoping a high tide would help them dislodge the ship.crude oil prices fell after news the ship had been re-floated, with brent crude down by $1 per barrel to $63.67. shares of Taiwan-listed evergreen marine corp - the vessels lessor - rose 3.3%.about 15% of world shipping traffic transits the suez canal, which is a key source of foreign currency revenue for egypt. the current stoppage is costing the canal $14-$15 million a day.also read oil prices rise on fears suez blockage may last weeksshipping rates for oil product tankers nearly doubled after the ship became stranded, and the blockage has disrupted global supply chains, threatening costly delays for companies already dealing with Covid-19 restrictions.some shippers had decided to reroute their cargoes around the cape of good hope, adding about two weeks to journeys and extra fuel costs.a note from AP moeller maersk seen by reuters said it had so far redirected 15 vessels around the cape after calculating that the journey would be equal to the current delay of sailing to suez and queuing.the SCA has said it can accelerate convoys through the canal once the ever given is freed.', ""A massive container ship blocking egypt suez canal for nearly a week has been partially refloated, the suez canal authority (SCA) said, raising hopes the busy waterway will soon be reopened.the 400 metre-long ever given became jammed diagonally across a southern section of the canal in high winds early last tuesday, halting shipping traffic on the shortest shipping route between europe and Asia.After further dredging and excavation over the weekend, efforts by rescue workers from the SCA and a team from dutch firm smit salvage worked to free the ship using tug boats in the early hours of monday, two marine and shipping sources said.the SCA said ever given has been straightened in the canal and further tugging operations would resume once the tide rises later on monday. marine traffic through the canal will resume once the ship is directed to the great lakes area, a wider section of the canal, it added.video posted on social media appeared to show the ship had swung around, opening space in the canal. other footage, which could not be immediately verified by reuters, included cheering and ships' horns sounding in celebration. at least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA chairman osama rabie said.the ship technical manager bernhard schulte shipmanagement (BSM) did not immediately respond to a request to comment.the suez canal salvage teams had intensified excavation and dredging on sunday and were hoping a high tide would help them dislodge the ship.crude oil prices fell after news the ship had been re-floated, with brent crude down by $1 per barrel to $63.67. shares of Taiwan-listed evergreen marine corp the vessel lessor rose 3.3 per cent.about 15pc of world shipping traffic transits the suez canal, which is a key source of foreign currency revenue for egypt. the current stoppage is costing the canal duct tankers nearly doubled after the ship became stranded, and the blockage has disrupted global supply chains, threatening costly delays for companies already dealing with Covid-19 restrictions.some shippers had decided to reroute their cargoes around the cape of good hope, adding about two weeks to journeys and extra fuel costs.a note from AP moeller maersk seen by reuters said it had so far redirected 15 vessels around the cape after calculating that the journey would be equal to the current delay of sailing to suez and queuing.the SCA has said it can accelerate convoys through the canal once the ever given is freed."", 'SYDNEY asian share markets edged higher on monday while oil prices slipped as the ship blocking the suez canal was re-floated, raising hopes the vital waterway could reopen and ease global shipping backlogs.the news added to optimism about world growth as markets look to president joe biden to outline his infrastructure spending plans this week, which could supercharge an already accelerating US recovery.""we expect the global economy to expand robustly at 6.4% this year, fuelled by a large US fiscal stimulus, with positive spillovers for the rest of the world,"" said barclays economist christian Keller.""Rising inflation over the coming months should be transitory, and core central banks seem committed to looking through it.""MSCI broadest index of Asia-Pacific shares outside japan added 0.3%, with activity restrained by the approach of quarter end. chinese blue chips rose 0.8%.japan nikkei gained 1%, though there was some nervousness when nomura reported its US unit could face a $2 billion loss related to a client.there was also some caution after a $20 billion wave of block trades hit markets on friday, reportedly linked to investment fund archegos Capital.For now, nasdaq futures were off 0.6% and S&P 500 futures 0.5%. EUROSTOXX 50 futures did manage to rise 0.2%, while FTSE futures were flat.the prospect of faster US economic growth has spurred speculation of rising inflation and weighed on treasury prices. yields on US 10-year notes eased a touch on monday to 1.66%, but were still not far from the recent 13-month top of 1.754%.european yields have been restrained by active buying from the european central bank, widening the dollar yield advantage over the euro. the single currency was last at $1.1786, having hit a five-month low of $1.1760 last week.analysts at TD securities noted the euro had failed to find any benefit from a very strong german IfO survey on friday that showed business morale at a near two-year high and signs of recovery in the service sector. ""this suggests that market positioning still remains significantly skewed toward the long side in EURUSD - even though spot has seen a meaningful decline through the 200-day moving average,"" they wrote in a note. ""we continue to focus on downside risks from here.""the dollar held at 109.50 yen, having reached its highest since early june on friday at 109.84. the dollar index stood at 92.774, after reaching its highest since mid-November.The lift in yields has weighed on gold, which offers no fixed return, and left it at $1,730 an ounce.oil prices eased as markets assumed the re-floating of the ever given would allow tankers to use the waterway again. there were over 300 vessels waiting to pass through the shipping route which accounts for 12% of global trade.the market will also be cautious ahead of an OPEC meeting this week, which will have to decide whether to extend supply limits, or loosen the spigots.brent fell 90 cents to $63.67 a barrel, while US crude lost $1.03 to $59.94 per barrel.', 'CAIRO the giant container ship that blocked the suez canal for almost a week was fully floated on monday and traffic in the waterway would resume, the canal authority said in a statement.a reuters witness saw the ship moving and a shipping tracker and egyptian TV showed it positioned in the centre of the canal.egypts leth agencies tweeted it is with utmost pleasure that we can confirm that the #suez canal authority and staff have succeeded in re-floating M/V EVER GIVEN. she is currently underway to great bitter lake. it is with utmost pleasure that we can confirm that the #suez canal authority and staff have succeeded in re-floating M/V EVER GIVEN. she is currently underway to great bitter lake. more information will follow on our profile. M/V EVER GIVEN is no longer #grounded leth agencies (@AgenciesLeth) march 29, 2021 the 400-metre (430-yard) long ever given has been straightened in the canal and will undergo initial inspections before being moved, two sources said.video posted on social media appeared to show the ships stern had swung around, opening space in the canal. other footage, which could not be immediately verified by reuters, included cheering and ships horns sounding in celebration. ICYMI A traffic jam on the suez canal, like the one caused by the massive ever given container ship, is rather a big problem. why is the suez canal so important? reuters (@Reuters) march 29, 2021 Ship-tracking service VesselFinder has changed the ships status to under way on its website.the ever given became jammed diagonally across a southern section of the canal in high winds early on tuesday, halting shipping traffic on the shortest shipping route between europe and Asia.At least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA chairman osama rabie told egypts extra news on Sunday.Earlier on monday, marine services firm inchcape shipping services said the ship had been successfully re-floated at 4.30 am local time (0230 GMT) and was being secured.the ships technical manager bernhard schulte shipmanagement (BSM) did not immediately respond to a request to comment.the suez canal salvage teams intensified excavation and dredging on sunday and were hoping a high tide would help them dislodge the ship.crude oil prices fell after news the ship had been re-floated, with brent crude down by $1 per barrel to $63.67. shares of Taiwan-listed evergreen marine corp - the vessels lessor - rose 3.3%.about 15% of world shipping traffic transits the suez canal, which is a key source of foreign currency revenue for egypt. the current stoppage is costing the canal $14-$15 million a day.']","['https://www.brecorder.com/news/40078574/stranded-suez-canal-ship-re-floated-undergoing-checks-sources', 'https://tribune.com.pk/story/2292023/stranded-suez-canal-ship-re-floated-undergoing-checks-sources', 'https://www.dawn.com/news/1615283/suez-canal-authority-says-stranded-ship-partially-refloated', 'https://www.brecorder.com/news/40078622/asia-shares-edge-higher-oil-slips-as-suez-canal-ship-re-floated', 'https://tribune.com.pk/story/2292069/traffic-in-suez-canal-resumes-after-stranded-ship-refloated']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices fell', 'oil prices slip', 'oil prices fell']","['neg', 'neg', 'neg', 'neg', 'neg']",101.25,"[-5.33, -5.33, -5.33, -1.78, -5.33]",-4.62,-1,-3,-3,0,
3/31/2021,"['Oil falls on OPEC+ concerns over slow demand recovery', 'Oil falls on OPEC+ concerns over slow demand recovery', 'Oil prices mixed as U.S. crude inventory draw supports, OPEC+ concerns weigh']","['oil falls on OPEC+ concerns over slow demand recovery', 'oil falls on OPEC+ concerns over slow demand recovery', 'oil prices mixed as U.S. crude inventory draw supports, OPEC+ concerns weigh']","['Tribune', 'Tribune', 'Business Recorder']","['LONDON:Oil prices fell on Wednesday on concerns about the market’s recovery after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies lowered the 2021 demand growth forecast, although strong Chinese factory activities lent some support.Brent crude for May, which expires on Wednesday, fell $0.32, or 0.5%, to $63.82 a barrel at 0948 GMT. The more active Brent contract for June was down $0.3, or 0.5%, at $63.87 a barrel.US West Texas Intermediate (WTI) crude futures fell $0.28, or 0.5%, to $60.27 a barrel.OPEC+ has lowered its oil demand growth forecast for this year by 300,000 barrels per day (bpd), a report from its experts panel meeting seen by Reuters showed.OPEC and allies, together called OPEC+, are set to meet on Thursday to decide on output policy.“Given this pessimistic outlook, it seems likely that the production quotas will be left in place for another month,â€ÂÂ\x9d said Commerzbank analyst Eugen Weinberg.OPEC+ is currently curbing output by just over 7 million bpd in a bid to support prices and reduce oversupply. Saudi Arabia has added to those cuts with an additional 1 million bpd.“The oil market is still playing a guessing game as to what supply policy OPEC+ will set out at tomorrow’s (Thursday’s) meeting, but the $64-per-barrel Brent price signals that traders expect a cautious approach from the alliance,â€ÂÂ\x9d said Rystad Energy analyst Louise Dickson.Kuwait Oil Minister Mohammad Abdulatif al-Fares expressed “cautious optimismâ€ÂÂ\x9d on Wednesday that the global oil demand will improve as Covid-19 vaccination programmes gather pace and industrial output recovers.Oil prices found some support as China’s manufacturing activity expanded at the quickest pace in three months in March as factories cranked up production after a brief lull during the Lunar New Year holidays.', 'LONDON:Oil prices fell on Wednesday on concerns about the market’s recovery after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies lowered the 2021 demand growth forecast, although strong Chinese factory activities lent some support.Brent crude for May, which expires on Wednesday, fell $0.32, or 0.5%, to $63.82 a barrel at 0948 GMT. The more active Brent contract for June was down $0.3, or 0.5%, at $63.87 a barrel.US West Texas Intermediate (WTI) crude futures fell $0.28, or 0.5%, to $60.27 a barrel.OPEC+ has lowered its oil demand growth forecast for this year by 300,000 barrels per day (bpd), a report from its experts panel meeting seen by Reuters showed.OPEC and allies, together called OPEC+, are set to meet on Thursday to decide on output policy.“Given this pessimistic outlook, it seems likely that the production quotas will be left in place for another month,â€ÂÂ\x9d said Commerzbank analyst Eugen Weinberg.OPEC+ is currently curbing output by just over 7 million bpd in a bid to support prices and reduce oversupply. Saudi Arabia has added to those cuts with an additional 1 million bpd.“The oil market is still playing a guessing game as to what supply policy OPEC+ will set out at tomorrow’s (Thursday’s) meeting, but the $64-per-barrel Brent price signals that traders expect a cautious approach from the alliance,â€ÂÂ\x9d said Rystad Energy analyst Louise Dickson.Kuwait Oil Minister Mohammad Abdulatif al-Fares expressed “cautious optimismâ€ÂÂ\x9d on Wednesday that the global oil demand will improve as Covid-19 vaccination programmes gather pace and industrial output recovers.Oil prices found some support as China’s manufacturing activity expanded at the quickest pace in three months in March as factories cranked up production after a brief lull during the Lunar New Year holidays.', 'NEW YORK: Oil prices were mixed on Wednesday, supported by a draw in U.S. crude inventories but pressured by concerns about the market\'s recovery after OPEC and its allies lowered their 2021 demand growth forecast.Brent crude for May, which expires on Wednesday, fell 23 cents, or 0.4pc, to $63.91 a barrel at 11:05 a.m. EDT (1505 GMT). The more active Brent contract for June was up 18 cents, or 0.30pc, at $64.36 a barrel.U.S. West Texas Intermediate (WTI) crude futures gained 41 cents, or 0.7pc, to $60.96 a barrel.WTI crude futures for May delivery rose 41 cents to $60.96 a barrel, a 0.7 percent gain.U.S. crude stocks fell unexpectedly last week as refinery runs increased, shrinking by 876,000 barrels in the last week, compared with analysts\' expectations for an increase of 107,000 barrels, the Energy Information Administration said.""Refineries continue to increase utilization and operable capacity and recovery mode from the deep freeze,"" said Tony Headrick, energy market analyst CHS Hedging, referencing a winter storm last month that froze refining operations in Texas.OPEC+ has lowered its oil demand growth forecast for this year by 300,000 barrels per day (bpd), a report from its experts panel meeting seen by Reuters showed.The Organization of the Petroleum Exporting Countries and allies, together called OPEC+, are set to meet on Thursday, to decide on output policy.""Given this pessimistic outlook, it seems likely that the production quotas will be left in place for another month,""  said Commerzbank analyst Eugen Weinberg.OPEC+ are currently curbing output by just over 7 million bpd in a bid to support prices and reduce oversupply. Saudi Arabia has added to those cuts with an additional one million bpd.""The oil market is still playing a guessing game today as to what supply policy OPEC+ will set out at tomorrow\'s meeting, but the $64 per barrel Brent price signals that traders expect a cautious approach from the alliance,"" said Rystad Energy\'s analyst Louise Dickson.Kuwait\'s Oil Minister Oil Mohammad Abdulatif al-Fares expressed ""cautious optimism"" on Wednesday that global oil demand will improve as COVID-19 vaccination programmes gather pace and industrial output recovers.OPEC oil output rose in March as higher supply from Iran countered reductions by other members under a pact with allies, a Reuters survey found, a headwind for its supply-limiting efforts if Tehran\'s boost is sustained.']","['LONDON oil prices fell on wednesday on concerns about the markets recovery after the organisation of the petroleum exporting countries (OPEC) and its allies lowered the 2021 demand growth forecast, although strong chinese factory activities lent some support.brent crude for may, which expires on wednesday, fell $0.32, or 0.5%, to $63.82 a barrel at 0948 GMT. the more active brent contract for june was down $0.3, or 0.5%, at $63.87 a barrel.US west texas intermediate (WTI) crude futures fell $0.28, or 0.5%, to $60.27 a barrel.OPEC+ has lowered its oil demand growth forecast for this year by 300,000 barrels per day (bpd), a report from its experts panel meeting seen by reuters showed.OPEC and allies, together called OPEC+, are set to meet on thursday to decide on output policy.given this pessimistic outlook, it seems likely that the production quotas will be left in place for another month, said commerzbank analyst eugen Weinberg.OPEC+ is currently curbing output by just over 7 million bpd in a bid to support prices and reduce oversupply. saudi arabia has added to those cuts with an additional 1 million bpd.the oil market is still playing a guessing game as to what supply policy OPEC+ will set out at tomorrows (Thursdays) meeting, but the $64-per-barrel brent price signals that traders expect a cautious approach from the alliance, said rystad energy analyst louise Dickson.Kuwait oil minister mohammad abdulatif al-Fares expressed cautious optimism on wednesday that the global oil demand will improve as Covid-19 vaccination programmes gather pace and industrial output recovers.oil prices found some support as chinas manufacturing activity expanded at the quickest pace in three months in march as factories cranked up production after a brief lull during the lunar new year holidays.', 'LONDON oil prices fell on wednesday on concerns about the markets recovery after the organisation of the petroleum exporting countries (OPEC) and its allies lowered the 2021 demand growth forecast, although strong chinese factory activities lent some support.brent crude for may, which expires on wednesday, fell $0.32, or 0.5%, to $63.82 a barrel at 0948 GMT. the more active brent contract for june was down $0.3, or 0.5%, at $63.87 a barrel.US west texas intermediate (WTI) crude futures fell $0.28, or 0.5%, to $60.27 a barrel.OPEC+ has lowered its oil demand growth forecast for this year by 300,000 barrels per day (bpd), a report from its experts panel meeting seen by reuters showed.OPEC and allies, together called OPEC+, are set to meet on thursday to decide on output policy.given this pessimistic outlook, it seems likely that the production quotas will be left in place for another month, said commerzbank analyst eugen Weinberg.OPEC+ is currently curbing output by just over 7 million bpd in a bid to support prices and reduce oversupply. saudi arabia has added to those cuts with an additional 1 million bpd.the oil market is still playing a guessing game as to what supply policy OPEC+ will set out at tomorrows (Thursdays) meeting, but the $64-per-barrel brent price signals that traders expect a cautious approach from the alliance, said rystad energy analyst louise Dickson.Kuwait oil minister mohammad abdulatif al-Fares expressed cautious optimism on wednesday that the global oil demand will improve as Covid-19 vaccination programmes gather pace and industrial output recovers.oil prices found some support as chinas manufacturing activity expanded at the quickest pace in three months in march as factories cranked up production after a brief lull during the lunar new year holidays.', 'NEW YORK oil prices were mixed on wednesday, supported by a draw in U.S. crude inventories but pressured by concerns about the market recovery after OPEC and its allies lowered their 2021 demand growth forecast.brent crude for may, which expires on wednesday, fell 23 cents, or 0.4pc, to $63.91 a barrel at 11 05 a.m. EDT (1505 GMT). the more active brent contract for june was up 18 cents, or 0.30pc, at $64.36 a barrel.U.S. west texas intermediate (WTI) crude futures gained 41 cents, or 0.7pc, to $60.96 a barrel.WTI crude futures for may delivery rose 41 cents to $60.96 a barrel, a 0.7 percent gain.U.S. crude stocks fell unexpectedly last week as refinery runs increased, shrinking by 876,000 barrels in the last week, compared with analysts\' expectations for an increase of 107,000 barrels, the energy information administration said.""refineries continue to increase utilization and operable capacity and recovery mode from the deep freeze,"" said tony headrick, energy market analyst CHS hedging, referencing a winter storm last month that froze refining operations in Texas.OPEC+ has lowered its oil demand growth forecast for this year by 300,000 barrels per day (bpd), a report from its experts panel meeting seen by reuters showed.the organization of the petroleum exporting countries and allies, together called OPEC+, are set to meet on thursday, to decide on output policy.""given this pessimistic outlook, it seems likely that the production quotas will be left in place for another month,"" said commerzbank analyst eugen Weinberg.OPEC+ are currently curbing output by just over 7 million bpd in a bid to support prices and reduce oversupply. saudi arabia has added to those cuts with an additional one million bpd.""the oil market is still playing a guessing game today as to what supply policy OPEC+ will set out at tomorrow meeting, but the $64 per barrel brent price signals that traders expect a cautious approach from the alliance,"" said rystad energy analyst louise Dickson.Kuwait oil minister oil mohammad abdulatif al-Fares expressed ""cautious optimism"" on wednesday that global oil demand will improve as COVID-19 vaccination programmes gather pace and industrial output recovers.OPEC oil output rose in march as higher supply from iran countered reductions by other members under a pact with allies, a reuters survey found, a headwind for its supply-limiting efforts if tehran boost is sustained.']","['https://tribune.com.pk/story/2292488/oil-falls-on-opec-concerns-over-slow-demand-recovery', 'https://tribune.com.pk/story/2292488/oil-falls-on-opec-concerns-over-slow-demand-recovery', 'https://www.brecorder.com/news/40079759/oil-prices-mixed-as-us-crude-inventory-draw-supports-opec-concerns-weigh']","['brent, , ']","['oil prices fell', 'reduce oversupply', 'reduce oversupply']","['neg', 'neg', 'neg']",101.61,"[-5.33, -0.49, -0.49]",-2.1,-2,-3,-3,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""Although the news impact is negative but not significantly low, the market signal indicates a sell sentiment. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market to mitigate potential losses.""
}"
4/1/2021,"['Oil up as OPEC+ meets to decide on production policy', 'Oil up as OPEC+ meets to decide on production policy', 'Oil up as OPEC+ meets to decide on production policy', 'Oil up as OPEC+ meets to decide on production policy', ""US spending boom offsets Europe's lockdown blues"", 'Oil rises as OPEC+ decides on production policy', 'Oil rises as OPEC+ decides on production policy', 'Oil up as OPEC+ meets to decide on production policy', 'Oil up as OPEC+ meets to decide on production policy']","['oil up as OPEC+ meets to decide on production policy', 'oil up as OPEC+ meets to decide on production policy', 'oil up as OPEC+ meets to decide on production policy', 'oil up as OPEC+ meets to decide on production policy', 'US spending boom offsets europe lockdown blues', 'oil rises as OPEC+ decides on production policy', 'oil rises as OPEC+ decides on production policy', 'oil up as OPEC+ meets to decide on production policy', 'oil up as OPEC+ meets to decide on production policy']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune', 'Tribune']","['LONDON: Oil prices rose on Thursday on optimism about U.S and European economic recoveries and expectations OPEC and its allies will keep production curbs in place.Brent crude rose $1.02, or 1.6%, to $63.76 a barrel by 1339 GMT. US oil was up $1.23, or 2.1%, at $60.39 a barrel.The Organization of the Petroleum Exporting Countries, Russia and other allied producers, a group known as OPEC+, were considering output policy on Thursday.The group is debating options for May and beyond, including whether to roll over existing cuts or gradually increase production, three OPEC+ sources said.Saudi Arabia\'s energy minister Prince Abdulaziz bin Salman said the market\'s recovery was ""far from complete"".Russian Deputy Prime Minister Alexander Novak said in the meeting that he expected global oil demand to grow by 5 to 5.5 million barrels per day (bpd) this year.OPEC+ has reduced output by about 7 million bpd to support prices and reduce oversupply. In addition, Saudi Arabia made an extra 1 million bpd voluntary cut.""Given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month,"" ING analyst Warren Patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.France entered its third national lockdown and schools closed for three weeks to try to contain a third wave of COVID-19 infections.Despite the new wave, European markets have recovered most of their pandemic-driven losses on strong manufacturing activity.March data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.Oil also found some support after President Joe Biden outlined a $2.3 trillion spending plan to invest in traditional projects, such as roads and bridges, alongside tackling climate change.But market sentiment was tempered by an unexpected rise in US claims for unemployment benefits.US crude stocks fell unexpectedly last week, helping to support oil prices, the US Energy Information Administration data showed.""The inventory data ... showed that the situation is continuing to normalise on the US oil market,"" Commerzbank analyst Eugen Weinberg said.', 'LONDON: Oil prices rose on Thursday on optimism about U.S and European economic recoveries and expectations OPEC and its allies will keep production curbs in place.Brent crude rose $1.02, or 1.6%, to $63.76 a barrel by 1339 GMT. US oil was up $1.23, or 2.1%, at $60.39 a barrel.The Organization of the Petroleum Exporting Countries, Russia and other allied producers, a group known as OPEC+, were considering output policy on Thursday.The group is debating options for May and beyond, including whether to roll over existing cuts or gradually increase production, three OPEC+ sources said.Saudi Arabia\'s energy minister Prince Abdulaziz bin Salman said the market\'s recovery was ""far from complete"".Russian Deputy Prime Minister Alexander Novak said in the meeting that he expected global oil demand to grow by 5 to 5.5 million barrels per day (bpd) this year.OPEC+ has reduced output by about 7 million bpd to support prices and reduce oversupply. In addition, Saudi Arabia made an extra 1 million bpd voluntary cut.""Given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month,"" ING analyst Warren Patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.France entered its third national lockdown and schools closed for three weeks to try to contain a third wave of COVID-19 infections.Despite the new wave, European markets have recovered most of their pandemic-driven losses on strong manufacturing activity.March data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.Oil also found some support after President Joe Biden outlined a $2.3 trillion spending plan to invest in traditional projects, such as roads and bridges, alongside tackling climate change.But market sentiment was tempered by an unexpected rise in US claims for unemployment benefits.US crude stocks fell unexpectedly last week, helping to support oil prices, the US Energy Information Administration data showed.""The inventory data ... showed that the situation is continuing to normalise on the US oil market,"" Commerzbank analyst Eugen Weinberg said.', 'LONDON: Oil prices rose on Thursday on optimism about the strength of U.S and European economies and hopes that OPEC and its allies will keep production curbs in place.Brent crude rose by $1.33 cents, or 2.1%, to $64.07 a barrel by 1023 GMT. US oil was up $1.36, or 2.3%, at $60.52 a barrel.Ministers from the Organization of the Petroleum Exporting Countries, Russia and other allied producers, a group known as OPEC+, meet on Thursday to reassess output policy.OPEC+ will debate options from May and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said.OPEC+ has reduced output by about 7 million barrels per day (bpd) to support prices and reduce oversupply. In addition, Saudi Arabia made an extra 1 million bpd voluntary cut.""Given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month,"" ING analyst Warren Patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.France entered its third national lockdown and schools closed for three weeks to push back a third wave of COVID-19 infections.Despite the new wave, European markets have recovered most of their pandemic-driven losses on strong manufacturing activity.March data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.Oil also found some support in US economic strength after President Joe Biden outlined a $2.3 trillion spending plan to invest in traditional projects such as roads and bridges alongside tackling climate change.US crude stocks fell unexpectedly last week, helping support oil prices, the US Energy Information Administration data showed.""The inventory data ... showed that the situation is continuing to normalise on the US oil market,"" Commerzbank analyst Eugen Weinberg said.', 'LONDON: Oil prices rose on Thursday on optimism about the strength of U.S and European economies and hopes that OPEC and its allies will keep production curbs in place.Brent crude rose by $1.33 cents, or 2.1%, to $64.07 a barrel by 1023 GMT. US oil was up $1.36, or 2.3%, at $60.52 a barrel.Ministers from the Organization of the Petroleum Exporting Countries, Russia and other allied producers, a group known as OPEC+, meet on Thursday to reassess output policy.OPEC+ will debate options from May and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said.OPEC+ has reduced output by about 7 million barrels per day (bpd) to support prices and reduce oversupply. In addition, Saudi Arabia made an extra 1 million bpd voluntary cut.""Given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month,"" ING analyst Warren Patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.France entered its third national lockdown and schools closed for three weeks to push back a third wave of COVID-19 infections.Despite the new wave, European markets have recovered most of their pandemic-driven losses on strong manufacturing activity.March data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.Oil also found some support in US economic strength after President Joe Biden outlined a $2.3 trillion spending plan to invest in traditional projects such as roads and bridges alongside tackling climate change.US crude stocks fell unexpectedly last week, helping support oil prices, the US Energy Information Administration data showed.""The inventory data ... showed that the situation is continuing to normalise on the US oil market,"" Commerzbank analyst Eugen Weinberg said.', 'LONDON: World stocks ran higher on Thursday following their slowest quarter in a year, as US economic strength offset the return to strict COVID-19 lockdown measures in parts of Europe and elsewhere.US President Joe Biden\'s sweeping $2.3 trillion plan to rebuild America\'s crumbling infrastructure lifted MSCI\'s 50-country world index for a second day running, while oil jumped 1.5% before an OPEC meeting expected to keep supply tight.Asian markets had seen a strong finish with a late burst pushing Chinese shares up 1.2%, and Europe\'s STOXX 600 shrugged off France\'s new lockdown order to push back towards its pre-COVID record highs.Wall Street futures and the euro edged up, too, and government bond yields held their ground, as the European Central Bank\'s chief economist reiterated that the ECB had no intention of curbing its support despite rising inflation.IHS Markit\'s Manufacturing Purchasing Managers\' Index (PMI) showed euro zone factories seeing their fastest pace on growth in the survey\'s near 24-year history, although lockdowns and supply chain issues may soon rein it in.Inflation data on Wednesday had shown euro zone inflation accelerated to 1.3% in March from 0.9% a month earlier. A slight dampener ahead of the Wall Street bell was an unexpected rise unemployment benefit claims.""The biggest question, the million-dollar question now, is where is the landing zone for inflation,"" said Geraldine Sundstrom, an asset allocation portfolio manager at PIMCO.""Will it feed on itself or will it come back to a comfortable level ... this is the thing that will drive the central banks in whether they take away the punch bowl or not.""Wall Street futures pointed to early 0.5% gains for the S&P 500 and other major US markets, while benchmark 10-year US Treasuries were sat at 1.70%, down from 1.77% overnight but having started the year at just over 0.9%.The dollar consolidated its healthy 3.5% first-quarter gain, though it did not seem ready to go anywhere fast.The euro changed hands at $1.1740, after hitting a near five-month low of $1.1704. Against the British pound, the common currency was flat after hitting a 13-month low of 85 pence per euro.President Emmanuel Macron ordered France into its third national lockdown on Wednesday while the euro zone is lagging well behind the United States and Britain in vaccination programmes. ""As long as the news flow on either side of the Atlantic is more or less diametrically opposed, there is really not much to be said in support of the euro,"" Commerzbank analyst Antje Praefcke wrote to her clients.SHIFTING SENTIMENTUS markets had closed out the first quarter with gains - the S&P 500 rose 5.8% and the Dow Jones 7.8% over the three months.However, the 4.1% quarterly rise in world stocks was the slowest since the recovery from last March\'s meltdown began and many of the fabled FAANGs and the 2020 star stocks such as Tesla had ended it down.Risk-sensitive currencies reflected that on Thursday, although the approaching long Easter weekend thinned trade. The Australian dollar fell as much 0.7% to $0.7535, its lowest since December, and the yuan and kiwi dollar also slipped.Australia\'s fastest home-price gains in more than three decades last month also point to some of the side effects of ultra-easy monetary policy, possibly putting pressure on central banks to curtail support sooner than they had planned.Other signs of fragility in sentiment included the flop listing of food-delivery company Deliveroo, which fell by nearly a third on its London debut on Wednesday, and nerves following the fire sale of US hedge fund Archegos Capital\'s portfolio.Commodities were mixed. Brent oil prices jumped 1.5% to $63.5 barrel on talk that OPEC and its allies will keep production curbs in place later in the face of resurgent COVID-19 infections in some regions. Crude surged 25% in the first quarter.Gold, which pays no income, hung on to overnight gains to trade at $1,718 an ounce. Even so, it suffered its worst quarter start to a year in 39 years owing to the rise in US yields.', 'NEW YORK: Oil prices rose about 1% on Thursday after preliminary news that OPEC+ reached a deal to gradually ease production cuts from May.Brent crude rose 42 cents, or 0.7%, to $63.16 a barrel by 11:45 a.m. EST (1645 GMT). US oil was up 59 cents, or 1%, at $59.75 a barrel.OPEC+, which comprises the Organization of the Petroleum Exporting Countries, Russia and other allied producers, is considering increasing output by 350,000 barrels per day in May, 350,000 bpd in June and 400,000 bpd in July, two sources told Reuters.Jennifer Granholm, the new energy secretary appointed by US President Joe Biden, said she had called OPEC leader Saudi Arabia over policy and said energy should be kept affordable, signalling the group should consider a production hike.However, Saudi Arabia\'s Energy Minister Prince Abdulaziz bin Salman said the market\'s recovery was ""far from complete.""""The major players have decided that its time to get barrels back in the market, which is surprising but does allow for some flexibility"" said Bob Yawger, director of energy futures at Mizuho.Russian Deputy Prime Minister Alexander Novak said in the meeting that he expected global oil demand to grow by 5-5.5 million barrels per day (bpd) this year.OPEC+ has reduced output by about 7 million bpd to support prices and reduce oversupply. In addition, Saudi Arabia made an extra 1 million bpd voluntary cut.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.France entered its third national lockdown and schools closed for three weeks to try to contain a third wave of COVID-19 infections.Despite the new wave, European markets have recovered most of their pandemic-driven losses on strong manufacturing activity.March data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.Oil also found some support after Biden outlined a $2.3 trillion spending plan to invest in traditional projects, such as roads and bridges, alongside tackling climate change.But market sentiment was tempered by an unexpected rise in US claims for unemployment benefits.US crude stocks fell unexpectedly last week, helping to support oil prices, the US Energy Information Administration data showed.""The inventory data ... showed that the situation is continuing to normalise on the US oil market,"" Commerzbank analyst Eugen Weinberg said.', 'NEW YORK: Oil prices rose about 1% on Thursday after preliminary news that OPEC+ reached a deal to gradually ease production cuts from May.Brent crude rose 42 cents, or 0.7%, to $63.16 a barrel by 11:45 a.m. EST (1645 GMT). US oil was up 59 cents, or 1%, at $59.75 a barrel.OPEC+, which comprises the Organization of the Petroleum Exporting Countries, Russia and other allied producers, is considering increasing output by 350,000 barrels per day in May, 350,000 bpd in June and 400,000 bpd in July, two sources told Reuters.Jennifer Granholm, the new energy secretary appointed by US President Joe Biden, said she had called OPEC leader Saudi Arabia over policy and said energy should be kept affordable, signalling the group should consider a production hike.However, Saudi Arabia\'s Energy Minister Prince Abdulaziz bin Salman said the market\'s recovery was ""far from complete.""""The major players have decided that its time to get barrels back in the market, which is surprising but does allow for some flexibility"" said Bob Yawger, director of energy futures at Mizuho.Russian Deputy Prime Minister Alexander Novak said in the meeting that he expected global oil demand to grow by 5-5.5 million barrels per day (bpd) this year.OPEC+ has reduced output by about 7 million bpd to support prices and reduce oversupply. In addition, Saudi Arabia made an extra 1 million bpd voluntary cut.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.France entered its third national lockdown and schools closed for three weeks to try to contain a third wave of COVID-19 infections.Despite the new wave, European markets have recovered most of their pandemic-driven losses on strong manufacturing activity.March data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.Oil also found some support after Biden outlined a $2.3 trillion spending plan to invest in traditional projects, such as roads and bridges, alongside tackling climate change.But market sentiment was tempered by an unexpected rise in US claims for unemployment benefits.US crude stocks fell unexpectedly last week, helping to support oil prices, the US Energy Information Administration data showed.""The inventory data ... showed that the situation is continuing to normalise on the US oil market,"" Commerzbank analyst Eugen Weinberg said.', 'LONDON:Oil prices rose on Thursday on optimism about the strength of US and European economies and hopes that OPEC and its allies will keep production curbs in place.Brent crude rose by $1.33, or 2.1%, to $64.07 a barrel by 1023 GMT. US oil was up $1.36, or 2.3%, at $60.52 a barrel.Ministers from the Organisation of the Petroleum Exporting Countries, Russia and other allied producers, a group known as OPEC+, meet on Thursday to reassess output policy.OPEC+ will debate options from May and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said.OPEC+ has reduced output by about 7 million barrels per day (bpd) to support prices and reduce oversupply. In addition, Saudi Arabia made an extra 1 million bpd voluntary cut.“Given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month,â€ÂÂ\x9d ING analyst Warren Patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.France entered its third national lockdown and schools closed for three weeks to push back a third wave of Covid-19 infections.Despite the new wave, European markets have recovered most of their pandemic-driven losses on strong manufacturing activity.March data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.Oil also found some support in US economic strength after President Joe Biden outlined a $2.3 trillion spending plan to invest in traditional projects such as roads and bridges alongside tackling climate change.US crude stocks fell unexpectedly last week, helping support oil prices, the US Energy Information Administration data showed.“The inventory data ... showed that the situation is continuing to normalise on the US oil market,â€ÂÂ\x9d Commerzbank analyst Eugen Weinberg said.', 'LONDON:Oil prices rose on Thursday on optimism about the strength of US and European economies and hopes that OPEC and its allies will keep production curbs in place.Brent crude rose by $1.33, or 2.1%, to $64.07 a barrel by 1023 GMT. US oil was up $1.36, or 2.3%, at $60.52 a barrel.Ministers from the Organisation of the Petroleum Exporting Countries, Russia and other allied producers, a group known as OPEC+, meet on Thursday to reassess output policy.OPEC+ will debate options from May and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said.OPEC+ has reduced output by about 7 million barrels per day (bpd) to support prices and reduce oversupply. In addition, Saudi Arabia made an extra 1 million bpd voluntary cut.“Given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month,â€ÂÂ\x9d ING analyst Warren Patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.France entered its third national lockdown and schools closed for three weeks to push back a third wave of Covid-19 infections.Despite the new wave, European markets have recovered most of their pandemic-driven losses on strong manufacturing activity.March data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.Oil also found some support in US economic strength after President Joe Biden outlined a $2.3 trillion spending plan to invest in traditional projects such as roads and bridges alongside tackling climate change.US crude stocks fell unexpectedly last week, helping support oil prices, the US Energy Information Administration data showed.“The inventory data ... showed that the situation is continuing to normalise on the US oil market,â€ÂÂ\x9d Commerzbank analyst Eugen Weinberg said.']","['LONDON oil prices rose on thursday on optimism about U.S and european economic recoveries and expectations OPEC and its allies will keep production curbs in place.brent crude rose $1.02, or 1.6%, to $63.76 a barrel by 1339 GMT. US oil was up $1.23, or 2.1%, at $60.39 a barrel.the organization of the petroleum exporting countries, russia and other allied producers, a group known as OPEC+, were considering output policy on Thursday.The group is debating options for may and beyond, including whether to roll over existing cuts or gradually increase production, three OPEC+ sources said.saudi arabia energy minister prince abdulaziz bin salman said the market recovery was ""far from complete"".russian deputy prime minister alexander novak said in the meeting that he expected global oil demand to grow by 5 to 5.5 million barrels per day (bpd) this year.OPEC+ has reduced output by about 7 million bpd to support prices and reduce oversupply. in addition, saudi arabia made an extra 1 million bpd voluntary cut.""given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month,"" ING analyst warren patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.france entered its third national lockdown and schools closed for three weeks to try to contain a third wave of COVID-19 infections.despite the new wave, european markets have recovered most of their pandemic-driven losses on strong manufacturing activity.march data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.oil also found some support after president joe biden outlined a $2.3 trillion spending plan to invest in traditional projects, such as roads and bridges, alongside tackling climate change.but market sentiment was tempered by an unexpected rise in US claims for unemployment benefits.US crude stocks fell unexpectedly last week, helping to support oil prices, the US energy information administration data showed.""the inventory data . showed that the situation is continuing to normalise on the US oil market,"" commerzbank analyst eugen weinberg said.', 'LONDON oil prices rose on thursday on optimism about U.S and european economic recoveries and expectations OPEC and its allies will keep production curbs in place.brent crude rose $1.02, or 1.6%, to $63.76 a barrel by 1339 GMT. US oil was up $1.23, or 2.1%, at $60.39 a barrel.the organization of the petroleum exporting countries, russia and other allied producers, a group known as OPEC+, were considering output policy on Thursday.The group is debating options for may and beyond, including whether to roll over existing cuts or gradually increase production, three OPEC+ sources said.saudi arabia energy minister prince abdulaziz bin salman said the market recovery was ""far from complete"".russian deputy prime minister alexander novak said in the meeting that he expected global oil demand to grow by 5 to 5.5 million barrels per day (bpd) this year.OPEC+ has reduced output by about 7 million bpd to support prices and reduce oversupply. in addition, saudi arabia made an extra 1 million bpd voluntary cut.""given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month,"" ING analyst warren patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.france entered its third national lockdown and schools closed for three weeks to try to contain a third wave of COVID-19 infections.despite the new wave, european markets have recovered most of their pandemic-driven losses on strong manufacturing activity.march data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.oil also found some support after president joe biden outlined a $2.3 trillion spending plan to invest in traditional projects, such as roads and bridges, alongside tackling climate change.but market sentiment was tempered by an unexpected rise in US claims for unemployment benefits.US crude stocks fell unexpectedly last week, helping to support oil prices, the US energy information administration data showed.""the inventory data . showed that the situation is continuing to normalise on the US oil market,"" commerzbank analyst eugen weinberg said.', 'LONDON oil prices rose on thursday on optimism about the strength of U.S and european economies and hopes that OPEC and its allies will keep production curbs in place.brent crude rose by $1.33 cents, or 2.1%, to $64.07 a barrel by 1023 GMT. US oil was up $1.36, or 2.3%, at $60.52 a barrel.ministers from the organization of the petroleum exporting countries, russia and other allied producers, a group known as OPEC+, meet on thursday to reassess output policy.OPEC+ will debate options from may and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said.OPEC+ has reduced output by about 7 million barrels per day (bpd) to support prices and reduce oversupply. in addition, saudi arabia made an extra 1 million bpd voluntary cut.""given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month,"" ING analyst warren patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.france entered its third national lockdown and schools closed for three weeks to push back a third wave of COVID-19 infections.despite the new wave, european markets have recovered most of their pandemic-driven losses on strong manufacturing activity.march data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.oil also found some support in US economic strength after president joe biden outlined a $2.3 trillion spending plan to invest in traditional projects such as roads and bridges alongside tackling climate change.US crude stocks fell unexpectedly last week, helping support oil prices, the US energy information administration data showed.""the inventory data . showed that the situation is continuing to normalise on the US oil market,"" commerzbank analyst eugen weinberg said.', 'LONDON oil prices rose on thursday on optimism about the strength of U.S and european economies and hopes that OPEC and its allies will keep production curbs in place.brent crude rose by $1.33 cents, or 2.1%, to $64.07 a barrel by 1023 GMT. US oil was up $1.36, or 2.3%, at $60.52 a barrel.ministers from the organization of the petroleum exporting countries, russia and other allied producers, a group known as OPEC+, meet on thursday to reassess output policy.OPEC+ will debate options from may and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said.OPEC+ has reduced output by about 7 million barrels per day (bpd) to support prices and reduce oversupply. in addition, saudi arabia made an extra 1 million bpd voluntary cut.""given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month,"" ING analyst warren patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.france entered its third national lockdown and schools closed for three weeks to push back a third wave of COVID-19 infections.despite the new wave, european markets have recovered most of their pandemic-driven losses on strong manufacturing activity.march data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.oil also found some support in US economic strength after president joe biden outlined a $2.3 trillion spending plan to invest in traditional projects such as roads and bridges alongside tackling climate change.US crude stocks fell unexpectedly last week, helping support oil prices, the US energy information administration data showed.""the inventory data . showed that the situation is continuing to normalise on the US oil market,"" commerzbank analyst eugen weinberg said.', 'LONDON world stocks ran higher on thursday following their slowest quarter in a year, as US economic strength offset the return to strict COVID-19 lockdown measures in parts of europe and elsewhere.US president joe biden sweeping $2.3 trillion plan to rebuild america crumbling infrastructure lifted MSCI 50-country world index for a second day running, while oil jumped 1.5% before an OPEC meeting expected to keep supply tight.asian markets had seen a strong finish with a late burst pushing chinese shares up 1.2%, and europe STOXX 600 shrugged off france new lockdown order to push back towards its pre-COVID record highs.wall street futures and the euro edged up, too, and government bond yields held their ground, as the european central bank chief economist reiterated that the ECB had no intention of curbing its support despite rising inflation.IHS markit manufacturing purchasing managers\' index (PMI) showed euro zone factories seeing their fastest pace on growth in the survey near 24-year history, although lockdowns and supply chain issues may soon rein it in.inflation data on wednesday had shown euro zone inflation accelerated to 1.3% in march from 0.9% a month earlier. A slight dampener ahead of the wall street bell was an unexpected rise unemployment benefit claims.""the biggest question, the million-dollar question now, is where is the landing zone for inflation,"" said geraldine sundstrom, an asset allocation portfolio manager at PIMCO.""Will it feed on itself or will it come back to a comfortable level . this is the thing that will drive the central banks in whether they take away the punch bowl or not.""wall street futures pointed to early 0.5% gains for the S&P 500 and other major US markets, while benchmark 10-year US treasuries were sat at 1.70%, down from 1.77% overnight but having started the year at just over 0.9%.the dollar consolidated its healthy 3.5% first-quarter gain, though it did not seem ready to go anywhere fast.the euro changed hands at $1.1740, after hitting a near five-month low of $1.1704. against the british pound, the common currency was flat after hitting a 13-month low of 85 pence per euro.president emmanuel macron ordered france into its third national lockdown on wednesday while the euro zone is lagging well behind the united states and britain in vaccination programmes. ""as long as the news flow on either side of the atlantic is more or less diametrically opposed, there is really not much to be said in support of the euro,"" commerzbank analyst antje praefcke wrote to her clients.SHIFTING SENTIMENTUS markets had closed out the first quarter with gains - the S&P 500 rose 5.8% and the dow jones 7.8% over the three months.however, the 4.1% quarterly rise in world stocks was the slowest since the recovery from last march meltdown began and many of the fabled FAANGs and the 2020 star stocks such as tesla had ended it down.Risk-sensitive currencies reflected that on thursday, although the approaching long easter weekend thinned trade. the australian dollar fell as much 0.7% to $0.7535, its lowest since december, and the yuan and kiwi dollar also slipped.australia fastest home-price gains in more than three decades last month also point to some of the side effects of ultra-easy monetary policy, possibly putting pressure on central banks to curtail support sooner than they had planned.other signs of fragility in sentiment included the flop listing of food-delivery company deliveroo, which fell by nearly a third on its london debut on wednesday, and nerves following the fire sale of US hedge fund archegos capital portfolio.commodities were mixed. brent oil prices jumped 1.5% to $63.5 barrel on talk that OPEC and its allies will keep production curbs in place later in the face of resurgent COVID-19 infections in some regions. crude surged 25% in the first quarter.gold, which pays no income, hung on to overnight gains to trade at $1,718 an ounce. even so, it suffered its worst quarter start to a year in 39 years owing to the rise in US yields.', 'NEW YORK oil prices rose about 1% on thursday after preliminary news that OPEC+ reached a deal to gradually ease production cuts from May.Brent crude rose 42 cents, or 0.7%, to $63.16 a barrel by 11 45 a.m. EST (1645 GMT). US oil was up 59 cents, or 1%, at $59.75 a barrel.OPEC+, which comprises the organization of the petroleum exporting countries, russia and other allied producers, is considering increasing output by 350,000 barrels per day in may, 350,000 bpd in june and 400,000 bpd in july, two sources told Reuters.Jennifer granholm, the new energy secretary appointed by US president joe biden, said she had called OPEC leader saudi arabia over policy and said energy should be kept affordable, signalling the group should consider a production hike.however, saudi arabia energy minister prince abdulaziz bin salman said the market recovery was ""far from complete.""""the major players have decided that its time to get barrels back in the market, which is surprising but does allow for some flexibility"" said bob yawger, director of energy futures at Mizuho.Russian deputy prime minister alexander novak said in the meeting that he expected global oil demand to grow by 5-5.5 million barrels per day (bpd) this year.OPEC+ has reduced output by about 7 million bpd to support prices and reduce oversupply. in addition, saudi arabia made an extra 1 million bpd voluntary cut.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.france entered its third national lockdown and schools closed for three weeks to try to contain a third wave of COVID-19 infections.despite the new wave, european markets have recovered most of their pandemic-driven losses on strong manufacturing activity.march data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.oil also found some support after biden outlined a $2.3 trillion spending plan to invest in traditional projects, such as roads and bridges, alongside tackling climate change.but market sentiment was tempered by an unexpected rise in US claims for unemployment benefits.US crude stocks fell unexpectedly last week, helping to support oil prices, the US energy information administration data showed.""the inventory data . showed that the situation is continuing to normalise on the US oil market,"" commerzbank analyst eugen weinberg said.', 'NEW YORK oil prices rose about 1% on thursday after preliminary news that OPEC+ reached a deal to gradually ease production cuts from May.Brent crude rose 42 cents, or 0.7%, to $63.16 a barrel by 11 45 a.m. EST (1645 GMT). US oil was up 59 cents, or 1%, at $59.75 a barrel.OPEC+, which comprises the organization of the petroleum exporting countries, russia and other allied producers, is considering increasing output by 350,000 barrels per day in may, 350,000 bpd in june and 400,000 bpd in july, two sources told Reuters.Jennifer granholm, the new energy secretary appointed by US president joe biden, said she had called OPEC leader saudi arabia over policy and said energy should be kept affordable, signalling the group should consider a production hike.however, saudi arabia energy minister prince abdulaziz bin salman said the market recovery was ""far from complete.""""the major players have decided that its time to get barrels back in the market, which is surprising but does allow for some flexibility"" said bob yawger, director of energy futures at Mizuho.Russian deputy prime minister alexander novak said in the meeting that he expected global oil demand to grow by 5-5.5 million barrels per day (bpd) this year.OPEC+ has reduced output by about 7 million bpd to support prices and reduce oversupply. in addition, saudi arabia made an extra 1 million bpd voluntary cut.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.france entered its third national lockdown and schools closed for three weeks to try to contain a third wave of COVID-19 infections.despite the new wave, european markets have recovered most of their pandemic-driven losses on strong manufacturing activity.march data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.oil also found some support after biden outlined a $2.3 trillion spending plan to invest in traditional projects, such as roads and bridges, alongside tackling climate change.but market sentiment was tempered by an unexpected rise in US claims for unemployment benefits.US crude stocks fell unexpectedly last week, helping to support oil prices, the US energy information administration data showed.""the inventory data . showed that the situation is continuing to normalise on the US oil market,"" commerzbank analyst eugen weinberg said.', 'LONDON oil prices rose on thursday on optimism about the strength of US and european economies and hopes that OPEC and its allies will keep production curbs in place.brent crude rose by $1.33, or 2.1%, to $64.07 a barrel by 1023 GMT. US oil was up $1.36, or 2.3%, at $60.52 a barrel.ministers from the organisation of the petroleum exporting countries, russia and other allied producers, a group known as OPEC+, meet on thursday to reassess output policy.OPEC+ will debate options from may and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said.OPEC+ has reduced output by about 7 million barrels per day (bpd) to support prices and reduce oversupply. in addition, saudi arabia made an extra 1 million bpd voluntary cut.given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month, ING analyst warren patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.france entered its third national lockdown and schools closed for three weeks to push back a third wave of Covid-19 infections.despite the new wave, european markets have recovered most of their pandemic-driven losses on strong manufacturing activity.march data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.oil also found some support in US economic strength after president joe biden outlined a $2.3 trillion spending plan to invest in traditional projects such as roads and bridges alongside tackling climate change.US crude stocks fell unexpectedly last week, helping support oil prices, the US energy information administration data showed.the inventory data . showed that the situation is continuing to normalise on the US oil market, commerzbank analyst eugen weinberg said.', 'LONDON oil prices rose on thursday on optimism about the strength of US and european economies and hopes that OPEC and its allies will keep production curbs in place.brent crude rose by $1.33, or 2.1%, to $64.07 a barrel by 1023 GMT. US oil was up $1.36, or 2.3%, at $60.52 a barrel.ministers from the organisation of the petroleum exporting countries, russia and other allied producers, a group known as OPEC+, meet on thursday to reassess output policy.OPEC+ will debate options from may and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said.OPEC+ has reduced output by about 7 million barrels per day (bpd) to support prices and reduce oversupply. in addition, saudi arabia made an extra 1 million bpd voluntary cut.given the recent wobble in prices, along with demand concerns re-emerging once again, there is a growing consensus that the OPEC+ will likely roll over current cuts for an additional month, ING analyst warren patterson said.OPEC+ has trimmed its oil demand growth forecast for this year by 300,000 bpd because of renewed lockdowns.france entered its third national lockdown and schools closed for three weeks to push back a third wave of Covid-19 infections.despite the new wave, european markets have recovered most of their pandemic-driven losses on strong manufacturing activity.march data showed euro zone factory activity growth galloped at its fastest pace in the history of the survey.oil also found some support in US economic strength after president joe biden outlined a $2.3 trillion spending plan to invest in traditional projects such as roads and bridges alongside tackling climate change.US crude stocks fell unexpectedly last week, helping support oil prices, the US energy information administration data showed.the inventory data . showed that the situation is continuing to normalise on the US oil market, commerzbank analyst eugen weinberg said.']","['https://www.brecorder.com/news/40080107/oil-up-as-opec-meets-to-decide-on-production-policy', 'https://www.brecorder.com/news/40080107/oil-up-as-opec-meets-to-decide-on-production-policy', 'https://www.brecorder.com/news/40080063/oil-up-as-opec-meets-to-decide-on-production-policy', 'https://www.brecorder.com/news/40080063/oil-up-as-opec-meets-to-decide-on-production-policy', 'https://www.brecorder.com/news/40080176/us-spending-boom-offsets-europes-lockdown-blues', 'https://www.brecorder.com/news/40080196/oil-rises-as-opec-decides-on-production-policy', 'https://www.brecorder.com/news/40080196/oil-rises-as-opec-decides-on-production-policy', 'https://tribune.com.pk/story/2292690/oil-up-as-opec-meets-to-decide-on-production-policy', 'https://tribune.com.pk/story/2292690/oil-up-as-opec-meets-to-decide-on-production-policy']","['brent, , ']","['reduce oversupply', 'US crude stocks fell', 'reduce oversupply', 'US crude stocks fell', 'oil prices jumped', 'reduce oversupply', 'US crude stocks fell', 'reduce oversupply', 'US crude stocks fell']","['neg', 'neg', 'neg', 'neg', 'pos', 'neg', 'neg', 'neg', 'neg']",100.98,"[-0.49, -1.04, -0.49, -1.04, 5.65, -0.49, -1.04, -0.49, -1.04]",-0.05,-1,-3,0,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The overall news sentiment is neutral, and the market signal suggests a sell. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market to avoid potential losses.""
}"
4/5/2021,['Inflation ticking up'],['inflation ticking up'],['Tribune'],"['When the PTI sent its Finance Minister, Abdul Hafeez Sheikh, home less than a week ago, it laid at his door the charge of not reining in inflation. The charge appears to have been vindicated by the inflation numbers just out. Inflation climbed to over nine per cent in March – the highest rate in as many months – due to surge in prices of food and electricity, particularly in the rural areas of the country, according to figures released by the Pakistan Bureau of Statistics (PBS) last Thursday.The PBS recorded 9.1% inflation rate which was in keeping with the expectations of the Ministry of Finance. it stated that electricity rates were 31.5% higher than a year ago and almost all kitchen items recorded a double-digit rise in prices, including wheat, sugar, and wheat flour. This is bound to put a further squeeze on household budgets. Rising crude oil prices in the international market along with a sizeable tax component of petrol rates at home can keep the inflation readings ticking up.The inflation index comprises 12 major groups with food and non-alcoholic beverages having maximum weight of 34.6% in the basket. The food group saw a price increase of 11.6% in March over a year ago. The double-digit increase in prices suggests that it is not going to be easier for the middle and low-income groups to manage the kitchen with limited resources.With Ramazan just around the corner, when spending on kitchen items traditionally goes up, anxiety about rising inflation is at fever pitch among the public. The 9.1% figure is way higher than last January’s numbers when inflation had slipped to 5.7%, which had led to congratulatory tweets from Premier Imran and Planning Minister Asad Umar. The PM said that the Consumer Price Index and core inflation were “both now lower than when our government was formedâ€ÂÂ\x9d. March’s inflation figure seems to have brought a rude awakening from this jovial mood.']","['when the PTI sent its finance minister, abdul hafeez sheikh, home less than a week ago, it laid at his door the charge of not reining in inflation. the charge appears to have been vindicated by the inflation numbers just out. inflation climbed to over nine per cent in march the highest rate in as many months due to surge in prices of food and electricity, particularly in the rural areas of the country, according to figures released by the pakistan bureau of statistics (PBS) last Thursday.The PBS recorded 9.1% inflation rate which was in keeping with the expectations of the ministry of finance. it stated that electricity rates were 31.5% higher than a year ago and almost all kitchen items recorded a double-digit rise in prices, including wheat, sugar, and wheat flour. this is bound to put a further squeeze on household budgets. rising crude oil prices in the international market along with a sizeable tax component of petrol rates at home can keep the inflation readings ticking up.the inflation index comprises 12 major groups with food and non-alcoholic beverages having maximum weight of 34.6% in the basket. the food group saw a price increase of 11.6% in march over a year ago. the double-digit increase in prices suggests that it is not going to be easier for the middle and low-income groups to manage the kitchen with limited resources.with ramazan just around the corner, when spending on kitchen items traditionally goes up, anxiety about rising inflation is at fever pitch among the public. the 9.1% figure is way higher than last januarys numbers when inflation had slipped to 5.7%, which had led to congratulatory tweets from premier imran and planning minister asad umar. the PM said that the consumer price index and core inflation were both now lower than when our government was formed. marchs inflation figure seems to have brought a rude awakening from this jovial mood.']",['https://tribune.com.pk/story/2293324/inflation-ticking-up'],"['consumer price index, pakistan, ']",['rising crude oil price'],['pos'],99.31,[1.78],1.78,-1,-3,2,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news sentiment is positive but not significantly high. The market signal suggests a neutral stance. Hence, we recommend holding the position and monitoring the market for any significant changes in sentiment.""
}"
4/6/2021,['Market watch: Bulls charge as KSE-100 surges nearly 2%'],['market watch bulls charge as KSE-100 surges nearly 2%'],['Tribune'],"['KARACHI:Bulls staged a comeback at the Pakistan Stock Exchange on Tuesday, pushing the KSE-100 index up by over 900 points in intra-day trading.The rally erased the hefty losses borne by the market a day earlier.A boost to Pakistan’s vaccination drive accelerated buying activity at the bourse. National Command and Operation Centre (NCOC) Chairman Asad Umar announced that the country had achieved one-million vaccination mark.Moreover, delay in the anticipated cabinet reshuffle by Prime Minister Imran Khan provided much-needed clarity on the political front, which enticed investors to make fresh investment.Earlier, trading began on a positive note as investors moved to add to their holdings. A slump was witnessed after midday, however, it was corrected in later trading. A late session rally widened the gains and helped the index close above the 44,400-point mark.At close, the benchmark KSE-100 index recorded an increase of 856.49 points, or 1.97%, to settle at 44,404.70 points.Speaking to The Express Tribune, Alpha Beta Core CEO Khurram Schehzad said that the rally was triggered by political stability. “On the other hand, improvement in Pakistan’s Covid-19 vaccination drive also helped fuel the bull run,â€ÂÂ\x9d he said.AA Gold Commodities’ Director Operations Adnan Agar said that market participants cheered Prime Minister Imran Khan’s refusal to impose a nationwide lockdown that aided the rally. Such a move would have hurt the economy and businesses.He anticipated that the bourse would remain volatile over the next few sessions, citing that on the one hand, investors were cheering the release of $500 million loan tranche by the International Monetary Fund while on the other hand, rising Covid-19 infections could turn the direction of the market around.“The daily number of Covid-19 cases will largely influence the direction of the market over the next few days,â€ÂÂ\x9d he said.JS Global analyst Danish Ladhani said that the KSE-100 index closed positive at 44,404 (+856 points), staging a rebound by touching a high of +930 points.Total traded volume for the day was 306 million shares. Robust buying was witnessed at the bourse where TRG Pakistan (+7.5%), Lucky Cement (+2.7%), Hubco (+2.3%), HBL (+1.6%), Systems Limited (+3.3%), Engro (+1.2%) and PSO (+2.3%) added 320 points to the market’s positive close.Pioneer Cement (+7.3%) hit its upper limit whereas Pakistan Petroleum (+1.2%), Pakistan Oilfields (+1.1%) and Oil and Gas Development Company (+1.2%) also moved up on the back of rising crude oil prices.“Moreover, we expect the market to remain positive ahead although increasing corona cases and lack of any immediate triggers may keep investors at bay, hence we recommend investors to buy value stocks at dips,â€ÂÂ\x9d the analyst said.Overall trading volumes rose to 305.96 million shares compared with Monday’s tally of 302.8 million. The value of shares traded during the day was Rs16.1 billion.Shares of 393 companies were traded. At the end of the day, 301 stocks closed higher, 71 declined and 21 remained unchanged.TRG Pakistan was the volume leader with 20.6 million shares, gaining Rs9.56 to close at Rs137.04. It was followed by NetSol with 19.2 million shares, gaining Rs9.77 to close at Rs172.52 and Unity Foods with 16.5 million shares, gaining Rs1.91 to close at Rs29.22.Foreign institutional investors were net sellers of Rs127.4 million worth of shares during the trading session, according to data compiled by the National Clearing Company of Pakistan.']","['KARACHI bulls staged a comeback at the pakistan stock exchange on tuesday, pushing the KSE-100 index up by over 900 points in intra-day trading.the rally erased the hefty losses borne by the market a day earlier.a boost to pakistans vaccination drive accelerated buying activity at the bourse. national command and operation centre (NCOC) chairman asad umar announced that the country had achieved one-million vaccination mark.moreover, delay in the anticipated cabinet reshuffle by prime minister imran khan provided much-needed clarity on the political front, which enticed investors to make fresh investment.earlier, trading began on a positive note as investors moved to add to their holdings. A slump was witnessed after midday, however, it was corrected in later trading. A late session rally widened the gains and helped the index close above the 44,400-point mark.at close, the benchmark KSE-100 index recorded an increase of 856.49 points, or 1.97%, to settle at 44,404.70 points.speaking to the express tribune, alpha beta core CEO khurram schehzad said that the rally was triggered by political stability. on the other hand, improvement in pakistans Covid-19 vaccination drive also helped fuel the bull run, he said.AA gold commodities director operations adnan agar said that market participants cheered prime minister imran khans refusal to impose a nationwide lockdown that aided the rally. such a move would have hurt the economy and businesses.he anticipated that the bourse would remain volatile over the next few sessions, citing that on the one hand, investors were cheering the release of $500 million loan tranche by the international monetary fund while on the other hand, rising Covid-19 infections could turn the direction of the market around.the daily number of Covid-19 cases will largely influence the direction of the market over the next few days, he said.JS global analyst danish ladhani said that the KSE-100 index closed positive at 44,404 (+856 points), staging a rebound by touching a high of +930 points.total traded volume for the day was 306 million shares. robust buying was witnessed at the bourse where TRG pakistan (+7.5%), lucky cement (+2.7%), hubco (+2.3%), HBL (+1.6%), systems limited (+3.3%), engro (+1.2%) and PSO (+2.3%) added 320 points to the markets positive close.pioneer cement (+7.3%) hit its upper limit whereas pakistan petroleum (+1.2%), pakistan oilfields (+1.1%) and oil and gas development company (+1.2%) also moved up on the back of rising crude oil prices.moreover, we expect the market to remain positive ahead although increasing corona cases and lack of any immediate triggers may keep investors at bay, hence we recommend investors to buy value stocks at dips, the analyst said.overall trading volumes rose to 305.96 million shares compared with mondays tally of 302.8 million. the value of shares traded during the day was rs 16.1 billion.shares of 393 companies were traded. at the end of the day, 301 stocks closed higher, 71 declined and 21 remained unchanged.TRG pakistan was the volume leader with 20.6 million shares, gaining rs 9.56 to close at rs 137.04. it was followed by NetSol with 19.2 million shares, gaining rs 9.77 to close at rs 172.52 and unity foods with 16.5 million shares, gaining rs 1.91 to close at rs 29.22.foreign institutional investors were net sellers of rs 127.4 million worth of shares during the trading session, according to data compiled by the national clearing company of pakistan.']",['https://tribune.com.pk/story/2293545/market-watch-bulls-charge-as-kse-100-surges-nearly-2'],"['economy, pakistan, ']",['rising crude oil price'],['pos'],100.55,[1.78],1.78,-1,-3,2,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news sentiment is positive but not significantly high. The market signal suggests a neutral stance. Hence, we recommend holding the position and monitoring the market for any significant changes in sentiment.""
}"
4/7/2021,"['Oil prices firm on stronger economic outlook', 'Oil prices rise on stronger economic outlook, US stockpile draw', 'Oil prices slip after surprise hefty build in U.S. gasoline stocks', 'Oil prices slip after surprise hefty build in U.S. gasoline stocks']","['oil prices firm on stronger economic outlook', 'oil prices rise on stronger economic outlook, US stockpile draw', 'oil prices slip after surprise hefty build in U.S. gasoline stocks', 'oil prices slip after surprise hefty build in U.S. gasoline stocks']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['LONDON: Oil prices were lifted on Wednesday by prospects for stronger global economic growth, though gains were capped as talks to revive a nuclear deal with Iran raised the possibility of an easing of sanctions on its oil exports.Brent crude futures gained 54 cents, or 0.9%, to $63.28 a barrel by 1053 GMT while US West Texas Intermediate crude was rose 46 cents, or 0.8%, to $59.79.""Optimism on the global economic outlook boosted sentiment in the crude oil market,"" analysts from ANZ bank said.The International Monetary Fund on Tuesday said that unprecedented public spending to fight COVID-19 would push global growth to 6% this year, a rate not achieved since the 1970s.However, a possible jump in US fuel inventories and the Iran talks weighed.US crude stocks were down by 2.6 million barrels in the week ended April 2, while gasoline inventories rose by 4.6 million barrels and distillate stocks up by 2.8 million barrels, said three market sources, citing the American Petroleum Institute (API).Official data is due to be released later on Wednesday.Iran and world powers held what they described as ""constructive"" talks on Tuesday and agreed to form working groups to discuss the possibility of reviving the 2015 nuclear deal that could lead to Washington lifting sanctions on Iran\'s energy sector and increasing oil supply.""Iran is the single largest upside supply risk for the oil market,"" said Stephen Brennock of oil brokerage PVM.Oil prices dropped earlier this week after the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, agreed to gradually ease oil output cuts from May.But analysts say the size of the increase is unlikely to have a major impact on market rebalancing.""The OPEC+ decision ... is not expected to jeopardise the oil rebalancing and hence the elevated price backdrop,"" Brennock said.', 'SINGAPORE: Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world\'s biggest fuel consumer, fell.But optimism over talks between the United States and Iran and an impending increase in supply by major oil producers capped gains.Brent crude futures for June rose by 24 cents, or 0.4%, to $62.98 a barrel by 0403 GMT while US West Texas Intermediate crude for May was up 20 cents, or 0.3%, to $59.53.""Optimism on the global economic outlook boosted sentiment in the crude oil market,"" analysts from ANZ bank wrote in a note on Wednesday.Prices were buoyed as data on Tuesday showed US job openings rose to a two-year high in February while hiring picked up. This followed earlier data showing improvement in the services sectors in the US and China.The International Monetary Fund said on Tuesday unprecedented public spending to fight COVID-19 would push global growth to 6% this year, a rate unseen since the 1970s.Optimism on a wider rollout of vaccines also boosted prices with US President Joe Biden moving up the COVID-19 vaccine eligibility target for all American adults to April 19.US crude oil stockpiles fell more than expected in the week ended April 2, while fuel inventories rose, according to three market sources, citing American Petroleum Institute (API) figures ahead of government data on Wednesday.Oil production in the US is expected to fall by 270,000 barrels per day (bpd) in 2021 to 11.04 million bpd, the Energy Information Administration (EIA) said on Tuesday, a steeper decline than its previous monthly forecast for a drop of 160,000 bpd.Iran and world powers held what they described as ""constructive"" talks on Tuesday and agreed to form working groups to discuss potentially reviving the 2015 nuclear deal that could lead to Washington lifting sanctions on Iran\'s energy sector and increasing oil supply.Oil prices dropped earlier this week after the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, agreed to gradually ease oil output cuts from May.""Crude prices seem poised to consolidate as energy traders need to see how exactly OPEC+ follows through with their plan to boost output, and if the EU will near virus immunity by the end of June,"" said Edward Moya, senior market analyst at OANDA.', 'NEW YORK: Oil prices eased on Wednesday after U.S. gasoline inventories unexpectedly swelled, fanning fears that new coronavirus outbreaks will weaken the global recovery in fuel demand.Brent crude futures lost 21 cents, or 0.3pc, to $62.53 a barrel by 11:15 a.m. EDT (1515 GMT) while U.S. West Texas Intermediate crude fell 25 cents, or 0.4pc, to $59.08.U.S. crude stocks fell 3.5 million barrels last week, but gasoline inventories jumped 4 million barrels, the Energy Information Administration said, compared with expectations in a Reuters poll for a 221,000-barrel gasoline drop.""The gasoline rise more than offsets the crude oil draw,"" said John Kilduff, partner at Again Capital in New York. ""It shows you the issues remain in terms of demand for the complex.""Rising COVID-19 cases in the Americas, which accounted for more than half of all coronavirus-related deaths last week, could further hinder the demand outlook, Kilduff said.  Oil markets had rallied earlier in the year on expectations that vaccine distribution would help revive global economic demand. Despite the struggles with vaccination in numerous countries, the International Monetary Fund on Tuesday said that unprecedented public spending to fight COVID-19 would push global growth to 6pc this year, a rate not achieved since the 1970s. The global crude market could also face a supply increase as Iran and major world powers took steps toward reviving an agreement that froze Iran\'s nuclear weapons development.Iran and world powers agreed to form working groups to discuss the possibility of reviving the 2015 deal that could lead to Washington lifting sanctions on Iran\'s energy sector and increasing oil supply.  ""Iran is the single largest upside supply risk for the oil market,"" said Stephen Brennock of oil brokerage PVM. Oil prices dropped earlier this week after the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, agreed to gradually ease oil output cuts from May.', 'NEW YORK: Oil prices eased on Wednesday after U.S. gasoline inventories unexpectedly swelled, fanning fears that new coronavirus outbreaks will weaken the global recovery in fuel demand.Brent crude futures lost 21 cents, or 0.3pc, to $62.53 a barrel by 11:15 a.m. EDT (1515 GMT) while U.S. West Texas Intermediate crude fell 25 cents, or 0.4pc, to $59.08.U.S. crude stocks fell 3.5 million barrels last week, but gasoline inventories jumped 4 million barrels, the Energy Information Administration said, compared with expectations in a Reuters poll for a 221,000-barrel gasoline drop.""The gasoline rise more than offsets the crude oil draw,"" said John Kilduff, partner at Again Capital in New York. ""It shows you the issues remain in terms of demand for the complex.""Rising COVID-19 cases in the Americas, which accounted for more than half of all coronavirus-related deaths last week, could further hinder the demand outlook, Kilduff said.  Oil markets had rallied earlier in the year on expectations that vaccine distribution would help revive global economic demand. Despite the struggles with vaccination in numerous countries, the International Monetary Fund on Tuesday said that unprecedented public spending to fight COVID-19 would push global growth to 6pc this year, a rate not achieved since the 1970s. The global crude market could also face a supply increase as Iran and major world powers took steps toward reviving an agreement that froze Iran\'s nuclear weapons development.Iran and world powers agreed to form working groups to discuss the possibility of reviving the 2015 deal that could lead to Washington lifting sanctions on Iran\'s energy sector and increasing oil supply.  ""Iran is the single largest upside supply risk for the oil market,"" said Stephen Brennock of oil brokerage PVM. Oil prices dropped earlier this week after the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, agreed to gradually ease oil output cuts from May.']","['LONDON oil prices were lifted on wednesday by prospects for stronger global economic growth, though gains were capped as talks to revive a nuclear deal with iran raised the possibility of an easing of sanctions on its oil exports.brent crude futures gained 54 cents, or 0.9%, to $63.28 a barrel by 1053 GMT while US west texas intermediate crude was rose 46 cents, or 0.8%, to $59.79.""optimism on the global economic outlook boosted sentiment in the crude oil market,"" analysts from ANZ bank said.the international monetary fund on tuesday said that unprecedented public spending to fight COVID-19 would push global growth to 6% this year, a rate not achieved since the 1970s.however, a possible jump in US fuel inventories and the iran talks weighed.US crude stocks were down by 2.6 million barrels in the week ended april 2, while gasoline inventories rose by 4.6 million barrels and distillate stocks up by 2.8 million barrels, said three market sources, citing the american petroleum institute (API).Official data is due to be released later on Wednesday.Iran and world powers held what they described as ""constructive"" talks on tuesday and agreed to form working groups to discuss the possibility of reviving the 2015 nuclear deal that could lead to washington lifting sanctions on iran energy sector and increasing oil supply.""iran is the single largest upside supply risk for the oil market,"" said stephen brennock of oil brokerage PVM.Oil prices dropped earlier this week after the organization of the petroleum exporting countries (OPEC) and allies, a group known as OPEC+, agreed to gradually ease oil output cuts from May.But analysts say the size of the increase is unlikely to have a major impact on market rebalancing.""the OPEC+ decision . is not expected to jeopardise the oil rebalancing and hence the elevated price backdrop,"" brennock said.', 'SINGAPORE oil prices edged higher on wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the united states, the world biggest fuel consumer, fell.but optimism over talks between the united states and iran and an impending increase in supply by major oil producers capped gains.brent crude futures for june rose by 24 cents, or 0.4%, to $62.98 a barrel by 0403 GMT while US west texas intermediate crude for may was up 20 cents, or 0.3%, to $59.53.""optimism on the global economic outlook boosted sentiment in the crude oil market,"" analysts from ANZ bank wrote in a note on Wednesday.Prices were buoyed as data on tuesday showed US job openings rose to a two-year high in february while hiring picked up. this followed earlier data showing improvement in the services sectors in the US and China.The international monetary fund said on tuesday unprecedented public spending to fight COVID-19 would push global growth to 6% this year, a rate unseen since the 1970s.optimism on a wider rollout of vaccines also boosted prices with US president joe biden moving up the COVID-19 vaccine eligibility target for all american adults to april 19.US crude oil stockpiles fell more than expected in the week ended april 2, while fuel inventories rose, according to three market sources, citing american petroleum institute (API) figures ahead of government data on Wednesday.Oil production in the US is expected to fall by 270,000 barrels per day (bpd) in 2021 to 11.04 million bpd, the energy information administration (EIA) said on tuesday, a steeper decline than its previous monthly forecast for a drop of 160,000 bpd.iran and world powers held what they described as ""constructive"" talks on tuesday and agreed to form working groups to discuss potentially reviving the 2015 nuclear deal that could lead to washington lifting sanctions on iran energy sector and increasing oil supply.oil prices dropped earlier this week after the organization of the petroleum exporting countries (OPEC) and allies, known as OPEC+, agreed to gradually ease oil output cuts from May.""Crude prices seem poised to consolidate as energy traders need to see how exactly OPEC+ follows through with their plan to boost output, and if the EU will near virus immunity by the end of june,"" said edward moya, senior market analyst at OANDA.', 'NEW YORK oil prices eased on wednesday after U.S. gasoline inventories unexpectedly swelled, fanning fears that new coronavirus outbreaks will weaken the global recovery in fuel demand.brent crude futures lost 21 cents, or 0.3pc, to $62.53 a barrel by 11 15 a.m. EDT (1515 GMT) while U.S. west texas intermediate crude fell 25 cents, or 0.4pc, to $59.08.U.S. crude stocks fell 3.5 million barrels last week, but gasoline inventories jumped 4 million barrels, the energy information administration said, compared with expectations in a reuters poll for a 221,000-barrel gasoline drop.""the gasoline rise more than offsets the crude oil draw,"" said john kilduff, partner at again capital in new york. ""it shows you the issues remain in terms of demand for the complex.""rising COVID-19 cases in the americas, which accounted for more than half of all coronavirus-related deaths last week, could further hinder the demand outlook, kilduff said. oil markets had rallied earlier in the year on expectations that vaccine distribution would help revive global economic demand. despite the struggles with vaccination in numerous countries, the international monetary fund on tuesday said that unprecedented public spending to fight COVID-19 would push global growth to 6pc this year, a rate not achieved since the 1970s. the global crude market could also face a supply increase as iran and major world powers took steps toward reviving an agreement that froze iran nuclear weapons development.iran and world powers agreed to form working groups to discuss the possibility of reviving the 2015 deal that could lead to washington lifting sanctions on iran energy sector and increasing oil supply. ""iran is the single largest upside supply risk for the oil market,"" said stephen brennock of oil brokerage PVM. oil prices dropped earlier this week after the organization of the petroleum exporting countries (OPEC) and allies, a group known as OPEC+, agreed to gradually ease oil output cuts from may.', 'NEW YORK oil prices eased on wednesday after U.S. gasoline inventories unexpectedly swelled, fanning fears that new coronavirus outbreaks will weaken the global recovery in fuel demand.brent crude futures lost 21 cents, or 0.3pc, to $62.53 a barrel by 11 15 a.m. EDT (1515 GMT) while U.S. west texas intermediate crude fell 25 cents, or 0.4pc, to $59.08.U.S. crude stocks fell 3.5 million barrels last week, but gasoline inventories jumped 4 million barrels, the energy information administration said, compared with expectations in a reuters poll for a 221,000-barrel gasoline drop.""the gasoline rise more than offsets the crude oil draw,"" said john kilduff, partner at again capital in new york. ""it shows you the issues remain in terms of demand for the complex.""rising COVID-19 cases in the americas, which accounted for more than half of all coronavirus-related deaths last week, could further hinder the demand outlook, kilduff said. oil markets had rallied earlier in the year on expectations that vaccine distribution would help revive global economic demand. despite the struggles with vaccination in numerous countries, the international monetary fund on tuesday said that unprecedented public spending to fight COVID-19 would push global growth to 6pc this year, a rate not achieved since the 1970s. the global crude market could also face a supply increase as iran and major world powers took steps toward reviving an agreement that froze iran nuclear weapons development.iran and world powers agreed to form working groups to discuss the possibility of reviving the 2015 deal that could lead to washington lifting sanctions on iran energy sector and increasing oil supply. ""iran is the single largest upside supply risk for the oil market,"" said stephen brennock of oil brokerage PVM. oil prices dropped earlier this week after the organization of the petroleum exporting countries (OPEC) and allies, a group known as OPEC+, agreed to gradually ease oil output cuts from may.']","['https://www.brecorder.com/news/40081911/oil-prices-firm-on-stronger-economic-outlook', 'https://www.brecorder.com/news/40081849/oil-prices-rise-on-stronger-economic-outlook-us-stockpile-draw', 'https://www.brecorder.com/news/40082058/oil-prices-slip-after-surprise-hefty-build-in-us-gasoline-stocks', 'https://www.brecorder.com/news/40082058/oil-prices-slip-after-surprise-hefty-build-in-us-gasoline-stocks']","['brent, , ']","['oil prices dropped', 'oil prices dropped', 'oil prices slip', 'oil prices dropped']","['neg', 'neg', 'neg', 'neg']",97.59,"[-1.61, -1.61, -1.78, -1.61]",-1.65,0,-2,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news sentiment is negative, but the market signal does not meet the criteria for a buy or sell signal. Therefore, based on the technical indicators, we recommend holding the position. Investors should monitor the market closely for any significant changes in sentiment.""
}"
4/8/2021,"['Dovish Fed lifts Wall Street stock futures to record high', 'Oil falls on surge in US gasoline stocks']","['dovish fed lifts wall street stock futures to record high', 'oil falls on surge in US gasoline stocks']","['Business Recorder', 'Business Recorder']","['LONDON: Wall Street was poised to notch a record high on Thursday after reassurance from the Federal Reserve that its bond-buying support for economic recovery won\'t be ending anytime soon.E-mini futures on the S&P 500 were up 0.33% at 4,083 points, just off a record high of 4,092.75 earlier. Nasdaq futures gained 0.86%Minutes of the Fed\'s last policy meeting, published on Wednesday, showed members felt the economy was still short of target and were in no rush to scale back their $120 billion a month of bond buying.""As long as that message remains consistent and, more importantly, unified, that is going to have a bigger and bigger influence on yields,"" said Derek Halpenny, head of research for global markets at MUFG.""That is what is key in the market at the moment, as rates appear to have reached some degree of equilibrium, and that is what is encouraging the equities market performance. I can\'t really see anything on the immediate horizon to upset that.""US Treasuries yields were down from their 14-month highs, although analysts said markets will be tested next week when the US earnings seasons gets underway.The US weekly jobless claims data is due at 1230 GMT, and is expected to show the number of Americans filing for new unemployment benefits dropped in the latest week, a further sign the economy is recovering from COVID-19.Fed Chairman Jerome Powell speaks at 1600 GMT at an International Monetary Fund event and he is likely to reiterate the dovish outlook.There was little in the way of corporate news, though shares in Tesla Inc rose about 1% after President Joe Biden\'s administration proposed a $174 billion boost to electric vehicles.ECB DOVISH TOOStocks in Europe also reached record highs, buoyed by optimism in Britain over easing lockdown restrictions and supportive outlooks from the Fed and the European Central Bank.The European STOXX index of 600 leading companies rose 0.44%, just off the high of 436.66 points it reached earlier in the session. London\'s blue-chip FTSE 100 index was up 0.4%.""It\'s looking good as evaluations in Europe are much lower than they are in the US, so there is potentially more upside. The line of least resistance for European markets is higher,"" said Michael Hewson, chief market analyst at CMC Markets.""In terms of economic re-opening, there is enough optimism built in at the moment to drive markets quite a bit higher from here, and the Fed has reiterated it\'s going to remain on hold for a while,"" Hewson said.The ECB said in the account of its March 11 meeting, published on Thursday, that it was important to provide reassurance there would be no change in its accommodative monetary policy for as long as necessary.In Asia, MSCI\'s broadest index of Asia-Pacific shares outside Japan inched up 0.3% in quiet trade. Japan\'s Nikkei slipped 0.3%, not helped by news Tokyo\'s governor had asked for emergency measures to stem a surge of COVID-19 infections.In currencies, the dollar index eased to 92.291 from its recent five-month high at 93.439.The euro was steady at $1.1877, after rising as high as $1.1914 overnight following a surprisingly upbeat survey of European Union business activity.In commodity markets, gold was at $1,750 an ounce.Oil prices fell after official figures showed a big increase in US gasoline stockpiles, causing concern about demand for crude weakening in the world\'s biggest consumer of the resource at a time when supplies around the world are rising.Brent fell 29 cents to $62.87 a barrel. US crude lost 44 cents to $59.33 per barrel.', 'LONDON: Crude oil prices fell on Thursday after official data showed a big increase in US gasoline stocks on the back of higher refinery runs while demand remained subdued compared with pre-pandemic levels.Brent crude fell 15 cents, or 0.2%, to $63.01 a barrel by 1154 GMT. US oil fell 28 cents, or 0.5%, to $59.49.While crude oil stocks in the United States fell more than forecast by analysts, gasoline inventories jumped sharply, the US Department of Energy said on Wednesday.""A huge build in road fuel stocks is not what the market was expecting and concerns over the speed of the oil demand recovery resurfaced, leaving traders wondering how stable road fuel usage actually is,"" said Rystad Energy analyst Bjornar Tonhaugen.US crude oil inventories dropped by 3.5 million barrels last week to nearly 502 million barrels while gasoline stocks increased by 4 million barrels to a little more than 230 million barrels as refiners ramped up output before the summer driving season.""The increase in oil product stocks is probably not due to weaker demand ... but to high refinery utilisation,"" Commerzbank analysts said.Still, demand remains weakened by the impact of the coronavirus.At the same time, Russian oil output increased from average March levels in the first few days of April, traders said.Iran and the United States held talks with other powers on reviving a nuclear deal that almost stopped Iranian oil from coming to market, reviving tentative hopes Tehran might see some sanctions lifted and add to global supplies.However, the International Monetary Fund said this week that the massive public spending deployed to combat the COVID-19 pandemic could increase global growth to 6% this year, a rate not achieved since the 1970s.Higher economic growth would boost demand for oil and its products.ANZ Research said it expects Brent crude to reach about $75 a barrel in the third quarter.']","['LONDON wall street was poised to notch a record high on thursday after reassurance from the federal reserve that its bond-buying support for economic recovery won\'t be ending anytime soon.E-mini futures on the S&P 500 were up 0.33% at 4,083 points, just off a record high of 4,092.75 earlier. nasdaq futures gained 0.86%minutes of the fed last policy meeting, published on wednesday, showed members felt the economy was still short of target and were in no rush to scale back their $120 billion a month of bond buying.""as long as that message remains consistent and, more importantly, unified, that is going to have a bigger and bigger influence on yields,"" said derek halpenny, head of research for global markets at MUFG.""That is what is key in the market at the moment, as rates appear to have reached some degree of equilibrium, and that is what is encouraging the equities market performance. I can\'t really see anything on the immediate horizon to upset that.""US treasuries yields were down from their 14-month highs, although analysts said markets will be tested next week when the US earnings seasons gets underway.the US weekly jobless claims data is due at 1230 GMT, and is expected to show the number of americans filing for new unemployment benefits dropped in the latest week, a further sign the economy is recovering from COVID-19.Fed chairman jerome powell speaks at 1600 GMT at an international monetary fund event and he is likely to reiterate the dovish outlook.there was little in the way of corporate news, though shares in tesla inc rose about 1% after president joe biden administration proposed a $174 billion boost to electric vehicles.ECB DOVISH TOOStocks in europe also reached record highs, buoyed by optimism in britain over easing lockdown restrictions and supportive outlooks from the fed and the european central Bank.The european STOXX index of 600 leading companies rose 0.44%, just off the high of 436.66 points it reached earlier in the session. london blue-chip FTSE 100 index was up 0.4%.""it looking good as evaluations in europe are much lower than they are in the US, so there is potentially more upside. the line of least resistance for european markets is higher,"" said michael hewson, chief market analyst at CMC Markets.""In terms of economic re-opening, there is enough optimism built in at the moment to drive markets quite a bit higher from here, and the fed has reiterated it going to remain on hold for a while,"" hewson said.the ECB said in the account of its march 11 meeting, published on thursday, that it was important to provide reassurance there would be no change in its accommodative monetary policy for as long as necessary.in asia, MSCI broadest index of Asia-Pacific shares outside japan inched up 0.3% in quiet trade. japan nikkei slipped 0.3%, not helped by news tokyo governor had asked for emergency measures to stem a surge of COVID-19 infections.in currencies, the dollar index eased to 92.291 from its recent five-month high at 93.439.the euro was steady at $1.1877, after rising as high as $1.1914 overnight following a surprisingly upbeat survey of european union business activity.in commodity markets, gold was at $1,750 an ounce.oil prices fell after official figures showed a big increase in US gasoline stockpiles, causing concern about demand for crude weakening in the world biggest consumer of the resource at a time when supplies around the world are rising.brent fell 29 cents to $62.87 a barrel. US crude lost 44 cents to $59.33 per barrel.', 'LONDON crude oil prices fell on thursday after official data showed a big increase in US gasoline stocks on the back of higher refinery runs while demand remained subdued compared with pre-pandemic levels.brent crude fell 15 cents, or 0.2%, to $63.01 a barrel by 1154 GMT. US oil fell 28 cents, or 0.5%, to $59.49.while crude oil stocks in the united states fell more than forecast by analysts, gasoline inventories jumped sharply, the US department of energy said on Wednesday.""A huge build in road fuel stocks is not what the market was expecting and concerns over the speed of the oil demand recovery resurfaced, leaving traders wondering how stable road fuel usage actually is,"" said rystad energy analyst bjornar Tonhaugen.US crude oil inventories dropped by 3.5 million barrels last week to nearly 502 million barrels while gasoline stocks increased by 4 million barrels to a little more than 230 million barrels as refiners ramped up output before the summer driving season.""the increase in oil product stocks is probably not due to weaker demand . but to high refinery utilisation,"" commerzbank analysts said.still, demand remains weakened by the impact of the coronavirus.at the same time, russian oil output increased from average march levels in the first few days of april, traders said.iran and the united states held talks with other powers on reviving a nuclear deal that almost stopped iranian oil from coming to market, reviving tentative hopes tehran might see some sanctions lifted and add to global supplies.however, the international monetary fund said this week that the massive public spending deployed to combat the COVID-19 pandemic could increase global growth to 6% this year, a rate not achieved since the 1970s.higher economic growth would boost demand for oil and its products.ANZ research said it expects brent crude to reach about $75 a barrel in the third quarter.']","['https://www.brecorder.com/news/40082369/dovish-fed-lifts-wall-street-stock-futures-to-record-high', 'https://www.brecorder.com/news/40082384/oil-falls-on-surge-in-us-gasoline-stocks']","['brent, , ']","['oil prices fell', 'oil prices fell']","['neg', 'neg']",98.66,"[-5.33, -5.33]",-5.33,-1,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news sentiment is negative, but the market signal does not meet the criteria for a buy or sell signal. Therefore, based on the technical indicators, we recommend holding the position. Investors should monitor the market closely for any significant changes in sentiment.""
}"
4/14/2021,"['Oil prices jump despite fresh coronavirus fears', 'Oil maintains upward momentum despite fresh coronavirus fears']","['oil prices jump despite fresh coronavirus fears', 'oil maintains upward momentum despite fresh coronavirus fears']","['Tribune', 'Business Recorder']","['LONDON:Crude oil prices jumped on revised oil demand forecasts on Wednesday despite concerns over rising coronavirus cases and vaccine rollouts.Brent crude futures rose $1.01, or 1.59%, to $64.68 a barrel by 1241 GMT. US West Texas Intermediate (WTI) crude futures were up $0.88, or 1.46%, at $61.06 after rising more than $1 in earlier trade.“The main price driver this morning is the monthly IEA report that foresees a significant rise in global oil demand in the second half of the year. This, in turn, will increase demand for OPEC oil and deplete worldwide and OECD inventories,â€ÂÂ\x9d said PVM Oil Associates analyst Tamas Varga.The International Energy Agency (IEA) predicted global oil demand and supply were set to rebalance in the second half of the year and that producers may then need to pump an additional 2 million barrels per day (bpd) to meet the expected demand.Similarly, the Organisation of the Petroleum Exporting Countries (OPEC) on Tuesday raised its global demand forecast by 70,000 bpd from last month’s forecast and now expects global demand to rise by 5.95 million bpd in 2021.Signs of a strong economic recovery in China and the United States have underpinned recent price gains, but stalled vaccine rollouts worldwide and soaring Covid-19 cases in India and Brazil have slowed the market’s advance.“Continuing setbacks on vaccine rollouts and global cases nearing January’s peak is likely to hold a firm cap on crude’s ascent in the short term,â€ÂÂ\x9d said Vandana Hari, energy analyst at Vanda Insights.A weakening US dollar also “provided a mild upward pushâ€ÂÂ\x9d in recent days but there has been “no major bullish impetus to free crude from its narrow trading rangeâ€ÂÂ\x9d, she added.The dollar hit three-week lows on Wednesday, making crude cheaper for countries using other currencies.In addition to the weaker dollar, Iran’s increased uranium enrichment activity was “also somewhat supportiveâ€ÂÂ\x9d, ING bank said in a note.The bank said this suggested that a return of the US to the Iranian nuclear deal and any lifting of sanctions is likely to be some way off.Sources said that data from the American Petroleum Institute showed crude stocks fell by 3.6 million barrels in the week ended April 9. Analysts polled by Reuters had expected a decline of about 2.9 million barrels.Traders are waiting to see if official inventory data from the US Energy Information Administration (EIA) on Wednesday matches that view.', 'LONDON: Crude oil prices jumped on revised oil demand forecasts on Wednesday despite concerns over rising coronavirus cases and vaccine rollouts.Brent crude futures rose $1.01, or 1.59%, to $64.68 a barrel by 1241 GMT. US West Texas Intermediate (WTI) crude futures were up 88 cents, or 1.46%, at $61.06 after rising more than a $1 in earlier trade.""The main price driver this morning is the monthly IEA report that foresees a significant rise in global oil demand in the second half of the year. This, in turn, will increase demand for OPEC oil and deplete worldwide and OECD inventories,"" said PVM Oil Associates analyst Tamas Varga.The International Energy Agency (IEA) predicted global oil demand and supply were set to rebalance in the second half of the year and that producers may then need to pump an additional 2 million barrels per day (bpd) to meet the expected demand.  Similarly, the Organization of the Petroleum Exporting Countries (OPEC) on Tuesday raised its global demand forecast by 70,000 bpd from last month\'s forecast and now expects global demand to rise by 5.95 million bpd in 2021.Signs of a strong economic recovery in China and the United States have underpinned recent price gains, but stalled vaccine rollouts worldwide and soaring COVID-19 cases in India and Brazil have slowed the market\'s advance.""Continuing setbacks on vaccine rollouts and global cases nearing January\'s peak is likely to hold a firm cap on crude\'s ascent in the short term,"" said Vandana Hari, energy analyst at Vanda Insights.A weakening US dollar also ""provided a mild upward push"" in recent days but there has been ""no major bullish impetus to free crude from its narrow trading range"", she added.The dollar hit three-week lows on Wednesday, making crude cheaper for countries using other currencies.In addition to the weaker dollar, Iran\'s increased uranium enrichment activity was ""also somewhat supportive"", ING bank said in a note.The bank said this suggested that a return of the US to the Iranian nuclear deal and any lifting of sanctions is likely to be some way off.Sources said that data from the American Petroleum Institute showed crude stocks fell by 3.6 million barrels in the week ended April 9. Analysts polled by Reuters had expected a decline of about 2.9 million barrels.Traders are waiting to see if official inventory data from the US Energy Information Administration (EIA) on Wednesday matches that view.']","['LONDON crude oil prices jumped on revised oil demand forecasts on wednesday despite concerns over rising coronavirus cases and vaccine rollouts.brent crude futures rose $1.01, or 1.59%, to $64.68 a barrel by 1241 GMT. US west texas intermediate (WTI) crude futures were up $0.88, or 1.46%, at $61.06 after rising more than $1 in earlier trade.the main price driver this morning is the monthly IEA report that foresees a significant rise in global oil demand in the second half of the year. this, in turn, will increase demand for OPEC oil and deplete worldwide and OECD inventories, said PVM oil associates analyst tamas Varga.The international energy agency (IEA) predicted global oil demand and supply were set to rebalance in the second half of the year and that producers may then need to pump an additional 2 million barrels per day (bpd) to meet the expected demand.similarly, the organisation of the petroleum exporting countries (OPEC) on tuesday raised its global demand forecast by 70,000 bpd from last months forecast and now expects global demand to rise by 5.95 million bpd in 2021.signs of a strong economic recovery in china and the united states have underpinned recent price gains, but stalled vaccine rollouts worldwide and soaring Covid-19 cases in india and brazil have slowed the markets advance.continuing setbacks on vaccine rollouts and global cases nearing januarys peak is likely to hold a firm cap on crudes ascent in the short term, said vandana hari, energy analyst at vanda Insights.A weakening US dollar also provided a mild upward push in recent days but there has been no major bullish impetus to free crude from its narrow trading range, she added.the dollar hit three-week lows on wednesday, making crude cheaper for countries using other currencies.in addition to the weaker dollar, irans increased uranium enrichment activity was also somewhat supportive, ING bank said in a note.the bank said this suggested that a return of the US to the iranian nuclear deal and any lifting of sanctions is likely to be some way off.sources said that data from the american petroleum institute showed crude stocks fell by 3.6 million barrels in the week ended april 9. analysts polled by reuters had expected a decline of about 2.9 million barrels.traders are waiting to see if official inventory data from the US energy information administration (EIA) on wednesday matches that view.', 'LONDON crude oil prices jumped on revised oil demand forecasts on wednesday despite concerns over rising coronavirus cases and vaccine rollouts.brent crude futures rose $1.01, or 1.59%, to $64.68 a barrel by 1241 GMT. US west texas intermediate (WTI) crude futures were up 88 cents, or 1.46%, at $61.06 after rising more than a $1 in earlier trade.""the main price driver this morning is the monthly IEA report that foresees a significant rise in global oil demand in the second half of the year. this, in turn, will increase demand for OPEC oil and deplete worldwide and OECD inventories,"" said PVM oil associates analyst tamas Varga.The international energy agency (IEA) predicted global oil demand and supply were set to rebalance in the second half of the year and that producers may then need to pump an additional 2 million barrels per day (bpd) to meet the expected demand. similarly, the organization of the petroleum exporting countries (OPEC) on tuesday raised its global demand forecast by 70,000 bpd from last month forecast and now expects global demand to rise by 5.95 million bpd in 2021.signs of a strong economic recovery in china and the united states have underpinned recent price gains, but stalled vaccine rollouts worldwide and soaring COVID-19 cases in india and brazil have slowed the market advance.""continuing setbacks on vaccine rollouts and global cases nearing january peak is likely to hold a firm cap on crude ascent in the short term,"" said vandana hari, energy analyst at vanda Insights.A weakening US dollar also ""provided a mild upward push"" in recent days but there has been ""no major bullish impetus to free crude from its narrow trading range"", she added.the dollar hit three-week lows on wednesday, making crude cheaper for countries using other currencies.in addition to the weaker dollar, iran increased uranium enrichment activity was ""also somewhat supportive"", ING bank said in a note.the bank said this suggested that a return of the US to the iranian nuclear deal and any lifting of sanctions is likely to be some way off.sources said that data from the american petroleum institute showed crude stocks fell by 3.6 million barrels in the week ended april 9. analysts polled by reuters had expected a decline of about 2.9 million barrels.traders are waiting to see if official inventory data from the US energy information administration (EIA) on wednesday matches that view.']","['https://tribune.com.pk/story/2294719/oil-prices-jump-despite-fresh-coronavirus-fears', 'https://www.brecorder.com/news/40084407/oil-maintains-upward-momentum-despite-fresh-coronavirus-fears']","['brent, , ']","['oil prices jumped', 'oil prices jumped']","['pos', 'pos']",97.9,"[5.65, 5.65]",5.65,-1,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The mixed signals from technical indicators (EMA55_Signal and MACD_Signals) suggesting a 'strong sell' and positive news sentiment indicate a 'hold' position. It's advisable to wait for clearer market direction before making any significant decisions.""
}"
4/21/2021,"[""Oil prices drop as India's COVID-19 surge dents demand outlook"", 'Oil drops as Covid-19 surge dents demand outlook']","['oil prices drop as india COVID-19 surge dents demand outlook', 'oil drops as Covid-19 surge dents demand outlook']","['Business Recorder', 'Tribune']","['LONDON: Oil prices fell for a second day on Wednesday, weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world\'s third-biggest oil importer.Brent crude futures for June declined 95 cents, or 1.4%, to $65.62 a barrel at 0941 GMT, heading for their biggest daily drop in over two weeks.U.S. West Texas Intermediate (WTI) crude futures for June fell 93 cents, or 1.4%, to $61.74 a barrel. The May contract expired on Tuesday down 1.5% at $62.44.""Demand jitters were thrust back into the spotlight yesterday amid a sharp rise in global coronavirus cases. Nowhere is this more obvious than in India,"" PVM analysts said.India, also the world\'s third-largest oil user, on Wednesday reported another record increase in the daily death toll from COVID-19.Further battering the market, data from the American Petroleum Institute (API) industry group showed U.S. crude oil and distillate stocks rose in the week ended April 16, according to two market sources.Crude stocks rose by 436,000 barrels, API reported, according to the sources. The U.S. Energy Information Administration will release its inventory data for last week later on Wednesday. For a Reuters poll on EIA data, clickRaising the possibility of further oil supply, Iran and world powers have made headway in talks to save a 2015 nuclear accord, which, if successful, could see sanctions lifted and more Iranian barrels return to the market.Still, major oil trading companies are stowing diesel and jet fuel on newly built supertankers in Asia and Africa in anticipation of COVID-19 vaccinations driving prices higher in the months ahead.', 'LONDON:Oil prices fell for a second day on Wednesday, weighed down by concerns that surging Covid-19 cases in India will drive down fuel demand in the world’s third-biggest oil importer.Brent crude futures for June declined $0.95, or 1.4%, to $65.62 a barrel at 0941 GMT, heading for their biggest daily drop in over two weeks.US West Texas Intermediate (WTI) crude futures for June fell $0.93, or 1.4%, to $61.74 a barrel. The May contract expired on Tuesday, down 1.5% at $62.44.“Demand jitters were thrust back into the spotlight yesterday (Tuesday) amid a sharp rise in global coronavirus cases. Nowhere is this more obvious than in India,â€ÂÂ\x9d PVM analysts said.India, also the world’s third-largest oil user, on Wednesday reported another record increase in the daily death toll from Covid-19.Further battering the market, data from the American Petroleum Institute (API) industry group showed US crude oil and distillate stocks rose in the week ended April 16, according to two market sources.Crude stocks rose by 436,000 barrels, API reported, according to the sources. The US Energy Information Administration will release its inventory data for last week later on Wednesday.Raising the possibility of further oil supply, Iran and world powers have made headway in talks to save a 2015 nuclear accord, which, if successful, could see sanctions lifted and more Iranian barrels return to the market.Still, major oil trading companies are stowing diesel and jet fuel on newly built supertankers in Asia and Africa in anticipation of Covid-19 vaccinations driving prices higher in the months ahead.']","['LONDON oil prices fell for a second day on wednesday, weighed down by concerns that surging COVID-19 cases in india will drive down fuel demand in the world third-biggest oil importer.brent crude futures for june declined 95 cents, or 1.4%, to $65.62 a barrel at 0941 GMT, heading for their biggest daily drop in over two weeks.U.S. west texas intermediate (WTI) crude futures for june fell 93 cents, or 1.4%, to $61.74 a barrel. the may contract expired on tuesday down 1.5% at $62.44.""demand jitters were thrust back into the spotlight yesterday amid a sharp rise in global coronavirus cases. nowhere is this more obvious than in india,"" PVM analysts said.india, also the world third-largest oil user, on wednesday reported another record increase in the daily death toll from COVID-19.Further battering the market, data from the american petroleum institute (API) industry group showed U.S. crude oil and distillate stocks rose in the week ended april 16, according to two market sources.crude stocks rose by 436,000 barrels, API reported, according to the sources. the U.S. energy information administration will release its inventory data for last week later on wednesday. for a reuters poll on EIA data, clickraising the possibility of further oil supply, iran and world powers have made headway in talks to save a 2015 nuclear accord, which, if successful, could see sanctions lifted and more iranian barrels return to the market.still, major oil trading companies are stowing diesel and jet fuel on newly built supertankers in asia and africa in anticipation of COVID-19 vaccinations driving prices higher in the months ahead.', 'LONDON oil prices fell for a second day on wednesday, weighed down by concerns that surging Covid-19 cases in india will drive down fuel demand in the worlds third-biggest oil importer.brent crude futures for june declined $0.95, or 1.4%, to $65.62 a barrel at 0941 GMT, heading for their biggest daily drop in over two weeks.US west texas intermediate (WTI) crude futures for june fell $0.93, or 1.4%, to $61.74 a barrel. the may contract expired on tuesday, down 1.5% at $62.44.demand jitters were thrust back into the spotlight yesterday (Tuesday) amid a sharp rise in global coronavirus cases. nowhere is this more obvious than in india, PVM analysts said.india, also the worlds third-largest oil user, on wednesday reported another record increase in the daily death toll from Covid-19.Further battering the market, data from the american petroleum institute (API) industry group showed US crude oil and distillate stocks rose in the week ended april 16, according to two market sources.crude stocks rose by 436,000 barrels, API reported, according to the sources. the US energy information administration will release its inventory data for last week later on Wednesday.Raising the possibility of further oil supply, iran and world powers have made headway in talks to save a 2015 nuclear accord, which, if successful, could see sanctions lifted and more iranian barrels return to the market.still, major oil trading companies are stowing diesel and jet fuel on newly built supertankers in asia and africa in anticipation of Covid-19 vaccinations driving prices higher in the months ahead.']","['https://www.brecorder.com/news/40086437/oil-prices-drop-as-indias-covid-19-surge-dents-demand-outlook', 'https://tribune.com.pk/story/2295980/oil-drops-as-covid-19-surge-dents-demand-outlook']","['brent, , ']","['oil prices fell', 'oil prices fell']","['neg', 'neg']",97.37,"[-5.33, -5.33]",-5.33,-1,-3,-3,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""All indicators, including technical indicators and news sentiment, strongly suggest a sell signal. Therefore, we recommend selling the position.""
}"
4/22/2021,"['Asia joins global equity rebound; oil weak on COVID-19 worries', 'Asia joins global equity rebound; oil weak on COVID-19 worries', 'Global stocks eye new high on growth hopes, oil ebbs on COVID-19 fears']","['asia joins global equity rebound oil weak on COVID-19 worries', 'asia joins global equity rebound oil weak on COVID-19 worries', 'global stocks eye new high on growth hopes, oil ebbs on COVID-19 fears']","['Business Recorder', 'Business Recorder', 'Business Recorder']","['TOKYO: Asian stocks rose on Thursday, extending a rebound in global markets following a sharp selloff earlier this week, while oil prices eased again on worries that rising COVID-19 cases in some countries will dampen fuel demand.Japan led gains, with the Nikkei 225 rallying 2%, after sliding about 2% in each of the last two sessions.MSCI\'s broadest index of Asia-Pacific shares outside Japan rose 0.3%, following a 0.9% decline the previous day.Hong Kong\'s Hang Seng rallied 0.5%, but mainland China shares were weaker, weighed down by persistent worries over Sino-US tensions. Chinese blue chips slipped 0.1%.European futures pointed to higher opens, with Euro Stoxx 50 futures and Britain\'s FTSE futures up 0.5% each.""Overall, I think markets are still skewed to taking on risk, and I don\'t think we\'ve seen the final record high by any means in the US stock market or in global equities,"" said Kyle Rodda, a market analyst at IG in Melbourne.""At the end of the day, (the selloff earlier this week) was just markets whipping around as the froth has blown off risk assets.""MSCI\'s gauge of stocks across the globe added 0.2% on Thursday, following a 0.4% gain overnight, to take it back to within 1% of its all-time closing high.On Tuesday, the index had slumped 0.8%, the most in four weeks, as market sentiment soured amid concerns that record coronavirus infections in India, likely restrictions in Japan and rising cases in Latin America will hamper the global economic recovery.On Wall Street, the S&P 500 rose 0.9%, reversing two days of declines, to finish Wednesday\'s session just 12 points below its record close.S&P futures pointed to a softer open later on Thursday though, declining 0.2%.""The \'Buy the dip\' mentality appears to be back in equities,"" Tapas Strickland, an analyst at National Australia Bank, wrote in a client note.Oil prices slipped for a third day on concerns that surging COVID-19 cases in India will drive down fuel demand in the world\'s third-biggest oil importer, while a surprise build in US stockpiles added to the negative tone.US crude fell 29 cents on Thursday to $61.06 per barrel and Brent was down 29 cents to $65.03.Spot gold edged lower to $1,791.04 an ounce.US Treasury yields stayed depressed, with the yield on benchmark 10-year notes down 3 basis points at 1.5345% on Thursday, languishing near the lowest since March 12.In currency markets, the dollar remained pinned near multi-week lows against major peers as US yields stayed subdued.The dollar stood at 107.935 yen, close to a seven-week low, while the euro was quoted at $1.2034, not far from its strongest since March 3.The European Central Bank decides policy later on Thursday, with no change expected.The US Federal Reserve and Bank of Japan follow next week.', 'TOKYO: Asian stocks rose on Thursday, extending a rebound in global markets following a sharp selloff earlier this week, while oil prices eased again on worries that rising COVID-19 cases in some countries will dampen fuel demand.Japan led gains, with the Nikkei 225 rallying 2%, after sliding about 2% in each of the last two sessions.MSCI\'s broadest index of Asia-Pacific shares outside Japan rose 0.3%, following a 0.9% decline the previous day.Hong Kong\'s Hang Seng rallied 0.5%, but mainland China shares were weaker, weighed down by persistent worries over Sino-US tensions. Chinese blue chips slipped 0.1%.European futures pointed to higher opens, with Euro Stoxx 50 futures and Britain\'s FTSE futures up 0.5% each.""Overall, I think markets are still skewed to taking on risk, and I don\'t think we\'ve seen the final record high by any means in the US stock market or in global equities,"" said Kyle Rodda, a market analyst at IG in Melbourne.""At the end of the day, (the selloff earlier this week) was just markets whipping around as the froth has blown off risk assets.""MSCI\'s gauge of stocks across the globe added 0.2% on Thursday, following a 0.4% gain overnight, to take it back to within 1% of its all-time closing high.On Tuesday, the index had slumped 0.8%, the most in four weeks, as market sentiment soured amid concerns that record coronavirus infections in India, likely restrictions in Japan and rising cases in Latin America will hamper the global economic recovery.On Wall Street, the S&P 500 rose 0.9%, reversing two days of declines, to finish Wednesday\'s session just 12 points below its record close.S&P futures pointed to a softer open later on Thursday though, declining 0.2%.""The \'Buy the dip\' mentality appears to be back in equities,"" Tapas Strickland, an analyst at National Australia Bank, wrote in a client note.Oil prices slipped for a third day on concerns that surging COVID-19 cases in India will drive down fuel demand in the world\'s third-biggest oil importer, while a surprise build in US stockpiles added to the negative tone.US crude fell 29 cents on Thursday to $61.06 per barrel and Brent was down 29 cents to $65.03.Spot gold edged lower to $1,791.04 an ounce.US Treasury yields stayed depressed, with the yield on benchmark 10-year notes down 3 basis points at 1.5345% on Thursday, languishing near the lowest since March 12.In currency markets, the dollar remained pinned near multi-week lows against major peers as US yields stayed subdued.The dollar stood at 107.935 yen, close to a seven-week low, while the euro was quoted at $1.2034, not far from its strongest since March 3.The European Central Bank decides policy later on Thursday, with no change expected.The US Federal Reserve and Bank of Japan follow next week.', 'LONDON: Global stocks ground higher while oil ebbed on Thursday as investors diverged over whether to bet on economic recovery in the United States and other developed markets or worry about a surge in COVID-19 cases in India and elsewhere.With vaccination rates rising and pandemic-weary citizens embracing more freedoms to drive growth in some major economies, MSCI\'s broadest global gauge of stocks was up 0.3%, trading within 1% of its all-time closing high after a recent mini sell-off.""The summer earnings season will further test the trajectory of the recovery, but until then, vaccines rollout and economic reopening will be the main triggers for a further upside leg in this bull run,"" Amundi Chief Investment Officer Pascal Blanque said in a note to clients.With the European Central Bank holding a policy meeting, Europe\'s top indexes posted stronger gains. The broad STOXX Europe 600 was up 0.5%, also bolstered by upbeat earnings from Nestle and Volvo.""Markets are currently a tale of three Vs - standing at a crossroads of virus evolution, vaccination rates and v-shaped recoveries,"" Societe General cross-asset strategist Alain Bokobza wrote in a note to clients.""Our overall stance is unchanged, i.e., no exuberance yet. Credit risk remains under control, so risk assets should continue to ride high... Stick to risk for now.""The buoyant start to the European day followed overnight gains in Asia, where Japan\'s Nikkei 225 rose 2.4% and MSCI\'s broadest index of Asia-Pacific shares outside Japan rose 0.3%.US stock futures pointed to a marginally lower open on Wall Street, down 0.1% albeit within touching distance of a record high.Despite stocks being generally upbeat, oil - another asset geared to perceptions of economic growth - fell after a resurgence of COVID-19 cases in India and Japan, and a recent surprise stock build in the United States, weighed on sentiment.US crude futures were down 0.5% at $61.04 per barrel while European benchmark Brent was down 0.6% at $64.95.""An unexpected and high increase in US inventories fuelled concerns over weak demand which came against expectations for a strong recovery in demand,"" said Satoru Yoshida, a commodity analyst with Rakuten Securities.""What is hurting market sentiment is also the fact that the COVID-19 pandemic is spreading again at a fast pace in India and Japan.""US Treasury yields stayed depressed but moved off intra-day lows, with the yield on benchmark 10-year notes at 1.5644% on Thursday.Germany\'s 10-year government bond yield, the benchmark of the euro area also dipped and was last trading flat at -0.26%.In currency markets, the dollar last traded flat against a basket of major peers.The euro was up 0.1% at $1.205, not far from its strongest since March 3. The common currency has gained as much as 3% against the dollar since the start of April.While the euro is expected to be little moved by the ECB meeting, with no change expected, traders will be looking out for positive words about the state of the economy and any hints that its bond purchases could be tapered.""The European Central Bank isn\'t expected to ruffle any feathers this Thursday, with analysts predicting that it will be another steady session from Christine Lagarde and Co,"" said Connor Campbell, financial analyst at Spreadex.""But with a while until the next meeting - the central bank skips May - the ECB could use this opportunity to sharpen its forward guidance. There are also hawks lurking among the doves, meaning the get-together may not go as smoothly as forecast.""US Federal Reserve and Bank of Japan meetings follow next week.Against that backdrop, spot gold pulled back from its near-two-month high to trade down 0.5% at $1,785.3 an ounce.']","['TOKYO asian stocks rose on thursday, extending a rebound in global markets following a sharp selloff earlier this week, while oil prices eased again on worries that rising COVID-19 cases in some countries will dampen fuel demand.japan led gains, with the nikkei 225 rallying 2%, after sliding about 2% in each of the last two sessions.MSCI broadest index of Asia-Pacific shares outside japan rose 0.3%, following a 0.9% decline the previous day.hong kong hang seng rallied 0.5%, but mainland china shares were weaker, weighed down by persistent worries over Sino-US tensions. chinese blue chips slipped 0.1%.european futures pointed to higher opens, with euro stoxx 50 futures and britain FTSE futures up 0.5% each.""overall, I think markets are still skewed to taking on risk, and I don\'t think we have seen the final record high by any means in the US stock market or in global equities,"" said kyle rodda, a market analyst at IG in Melbourne.""At the end of the day, (the selloff earlier this week) was just markets whipping around as the froth has blown off risk assets.""MSCI gauge of stocks across the globe added 0.2% on thursday, following a 0.4% gain overnight, to take it back to within 1% of its all-time closing high.on tuesday, the index had slumped 0.8%, the most in four weeks, as market sentiment soured amid concerns that record coronavirus infections in india, likely restrictions in japan and rising cases in latin america will hamper the global economic recovery.on wall street, the S&P 500 rose 0.9%, reversing two days of declines, to finish wednesday session just 12 points below its record close.S&P futures pointed to a softer open later on thursday though, declining 0.2%.""the \'buy the dip\' mentality appears to be back in equities,"" tapas strickland, an analyst at national australia bank, wrote in a client note.oil prices slipped for a third day on concerns that surging COVID-19 cases in india will drive down fuel demand in the world third-biggest oil importer, while a surprise build in US stockpiles added to the negative tone.US crude fell 29 cents on thursday to $61.06 per barrel and brent was down 29 cents to $65.03.spot gold edged lower to $1,791.04 an ounce.US treasury yields stayed depressed, with the yield on benchmark 10-year notes down 3 basis points at 1.5345% on thursday, languishing near the lowest since march 12.in currency markets, the dollar remained pinned near multi-week lows against major peers as US yields stayed subdued.the dollar stood at 107.935 yen, close to a seven-week low, while the euro was quoted at $1.2034, not far from its strongest since march 3.the european central bank decides policy later on thursday, with no change expected.the US federal reserve and bank of japan follow next week.', 'TOKYO asian stocks rose on thursday, extending a rebound in global markets following a sharp selloff earlier this week, while oil prices eased again on worries that rising COVID-19 cases in some countries will dampen fuel demand.japan led gains, with the nikkei 225 rallying 2%, after sliding about 2% in each of the last two sessions.MSCI broadest index of Asia-Pacific shares outside japan rose 0.3%, following a 0.9% decline the previous day.hong kong hang seng rallied 0.5%, but mainland china shares were weaker, weighed down by persistent worries over Sino-US tensions. chinese blue chips slipped 0.1%.european futures pointed to higher opens, with euro stoxx 50 futures and britain FTSE futures up 0.5% each.""overall, I think markets are still skewed to taking on risk, and I don\'t think we have seen the final record high by any means in the US stock market or in global equities,"" said kyle rodda, a market analyst at IG in Melbourne.""At the end of the day, (the selloff earlier this week) was just markets whipping around as the froth has blown off risk assets.""MSCI gauge of stocks across the globe added 0.2% on thursday, following a 0.4% gain overnight, to take it back to within 1% of its all-time closing high.on tuesday, the index had slumped 0.8%, the most in four weeks, as market sentiment soured amid concerns that record coronavirus infections in india, likely restrictions in japan and rising cases in latin america will hamper the global economic recovery.on wall street, the S&P 500 rose 0.9%, reversing two days of declines, to finish wednesday session just 12 points below its record close.S&P futures pointed to a softer open later on thursday though, declining 0.2%.""the \'buy the dip\' mentality appears to be back in equities,"" tapas strickland, an analyst at national australia bank, wrote in a client note.oil prices slipped for a third day on concerns that surging COVID-19 cases in india will drive down fuel demand in the world third-biggest oil importer, while a surprise build in US stockpiles added to the negative tone.US crude fell 29 cents on thursday to $61.06 per barrel and brent was down 29 cents to $65.03.spot gold edged lower to $1,791.04 an ounce.US treasury yields stayed depressed, with the yield on benchmark 10-year notes down 3 basis points at 1.5345% on thursday, languishing near the lowest since march 12.in currency markets, the dollar remained pinned near multi-week lows against major peers as US yields stayed subdued.the dollar stood at 107.935 yen, close to a seven-week low, while the euro was quoted at $1.2034, not far from its strongest since march 3.the european central bank decides policy later on thursday, with no change expected.the US federal reserve and bank of japan follow next week.', 'LONDON global stocks ground higher while oil ebbed on thursday as investors diverged over whether to bet on economic recovery in the united states and other developed markets or worry about a surge in COVID-19 cases in india and elsewhere.with vaccination rates rising and pandemic-weary citizens embracing more freedoms to drive growth in some major economies, MSCI broadest global gauge of stocks was up 0.3%, trading within 1% of its all-time closing high after a recent mini sell-off.""The summer earnings season will further test the trajectory of the recovery, but until then, vaccines rollout and economic reopening will be the main triggers for a further upside leg in this bull run,"" amundi chief investment officer pascal blanque said in a note to clients.with the european central bank holding a policy meeting, europe top indexes posted stronger gains. the broad STOXX europe 600 was up 0.5%, also bolstered by upbeat earnings from nestle and Volvo.""Markets are currently a tale of three vs - standing at a crossroads of virus evolution, vaccination rates and v-shaped recoveries,"" societe general cross-asset strategist alain bokobza wrote in a note to clients.""our overall stance is unchanged, i.e., no exuberance yet. credit risk remains under control, so risk assets should continue to ride high. stick to risk for now.""the buoyant start to the european day followed overnight gains in asia, where japan nikkei 225 rose 2.4% and MSCI broadest index of Asia-Pacific shares outside japan rose 0.3%.US stock futures pointed to a marginally lower open on wall street, down 0.1% albeit within touching distance of a record high.despite stocks being generally upbeat, oil - another asset geared to perceptions of economic growth - fell after a resurgence of COVID-19 cases in india and japan, and a recent surprise stock build in the united states, weighed on sentiment.US crude futures were down 0.5% at $61.04 per barrel while european benchmark brent was down 0.6% at $64.95.""an unexpected and high increase in US inventories fuelled concerns over weak demand which came against expectations for a strong recovery in demand,"" said satoru yoshida, a commodity analyst with rakuten Securities.""What is hurting market sentiment is also the fact that the COVID-19 pandemic is spreading again at a fast pace in india and Japan.""US treasury yields stayed depressed but moved off intra-day lows, with the yield on benchmark 10-year notes at 1.5644% on Thursday.Germany 10-year government bond yield, the benchmark of the euro area also dipped and was last trading flat at -0.26%.In currency markets, the dollar last traded flat against a basket of major peers.the euro was up 0.1% at $1.205, not far from its strongest since march 3. the common currency has gained as much as 3% against the dollar since the start of April.While the euro is expected to be little moved by the ECB meeting, with no change expected, traders will be looking out for positive words about the state of the economy and any hints that its bond purchases could be tapered.""the european central bank isn\'t expected to ruffle any feathers this thursday, with analysts predicting that it will be another steady session from christine lagarde and co,"" said connor campbell, financial analyst at Spreadex.""But with a while until the next meeting - the central bank skips may - the ECB could use this opportunity to sharpen its forward guidance. there are also hawks lurking among the doves, meaning the get-together may not go as smoothly as forecast.""US federal reserve and bank of japan meetings follow next week.against that backdrop, spot gold pulled back from its near-two-month high to trade down 0.5% at $1,785.3 an ounce.']","['https://www.brecorder.com/news/40086741/asia-joins-global-equity-rebound-oil-weak-on-covid-19-worries', 'https://www.brecorder.com/news/40086741/asia-joins-global-equity-rebound-oil-weak-on-covid-19-worries', 'https://www.brecorder.com/news/40086808/global-stocks-eye-new-high-on-growth-hopes-oil-ebbs-on-covid-19-fears']","['brent, , ']","['oil prices slip', 'brent was down', 'brent was down']","['neg', 'neg', 'neg']",94.72,"[-1.78, -1.43, -1.43]",-1.55,0,-1,1,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The technical indicators do not suggest a strong buy or sell signal, and the news impact is not significant. Hence, we recommend holding the position until clearer signals emerge.""
}"
4/30/2021,"['World shares off record peak, dollar edges higher', 'Wall Street seen off record peak, dollar on losing streak', 'India demand worries, weak Japanese imports knock oil prices from six-week highs', 'Rouble weakens past 75 vs dollar, stocks fall ahead of May holidays', 'India demand worries knock oil prices from six-week highs']","['world shares off record peak, dollar edges higher', 'wall street seen off record peak, dollar on losing streak', 'india demand worries, weak japanese imports knock oil prices from six-week highs', 'rouble weakens past 75 vs dollar, stocks fall ahead of may holidays', 'india demand worries knock oil prices from six-week highs']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune']","['NEW YORK/LONDON: World shares softened following Thursday\'s record peak on strong US data and earnings, while the dollar was on course to narrowly avoid a fourth straight weekly decline.MSCI\'s broadest gauge of world shares dipped but remained close to a record peak touched the previous day, and on track for its strongest month since November.The index, which covers 50 markets, shed 0.49%.The Dow Jones Industrial Average fell 123.28 points, or 0.36%, to 33,937.08, the S&P 500 lost 18.14 points, or 0.43%, to 4,193.33 and the Nasdaq Composite dropped 60.54 points, or 0.43%, to 14,022.01.Data on Thursday showed US economic growth accelerated in the first quarter, fuelled by massive government aid to households and businesses.That came against the backdrop of the Federal Reserve\'s reassurance on Wednesday that it was not time yet to begin discussing any change in its easy monetary policy.With just over a half of S&P 500 companies reporting earnings, about 87% beat market expectations, according to Refinitiv, the highest level in recent years.""The Federal Reserve continues to support, Biden has this huge stimulus programme as well and the earnings season continues -- so far we have seen relatively benign as well as strong earnings,"" said Eddie Cheng, head of international multi-asset portfolio management at Wells Fargo Asset Management.For both the MSCI world index and the S&P500, analysts are expecting earnings in the next 12 months to recover to above pre-pandemic levels.In Europe, the pan-European STOXX 600 index rose 0.13%Euro zone GDP data showed a year-on-year drop of 1.8% in the first quarter, stronger than expectations of a 2% fall, though economists said the bloc was on a recovery path.""There is increasingly bright light at the end of the tunnel,"" Commerzbank analysts said.""The speed of the vaccinations is picking up and the EU recovery fund is also finally getting off the ground.""New coronavirus infections in India surged to a fresh record, however, and France\'s health minister said the dangers of the Indian variant must not be underestimated.""Risky assets have had quite a few wobbles within the month,"" said Cheng.""We need to get used to the fact that this is not going to be a straight line.""The euro extended its bull run to a two-month high of $1.2150 in the previous session before dropping 0.30% following the euro zone data.""The euro is more sensitive to the European economic outlook, than to (what) happens in the US"", said Kit Juckes, head of FX strategy at Societe Generale.The dollar index, a measure of the greenback\'s value against a basket of major peers, rose 0.299%, leaving it set to end the week flat, although still down 2.56% for the month as a whole.Oil prices fell on concerns about wider lockdowns in India and Brazil.US crude recently fell 1.85% to $63.81 per barrel and Brent was at $67.40, down 1.69% on the day.Spot gold dropped 0.1% to $1,770.15 an ounce. U.S. gold futures gained 0.21% to $1,771.80 an ounce.Mainland Chinese shares lost 0.8%, while Japan\'s Nikkei also shed 0.8% on position adjustments ahead of a long weekend. Both markets will be closed through Wednesday.', 'LONDON: Wall Street futures suggested a softer open on Friday following Thursday\'s record peak on strong US data and earnings, while demand for risky assets put the dollar on course for its longest weekly losing streak since July.US stock futures were down 0.4% after the S&P 500 closed at an all-time high.Data on Thursday showed US economic growth accelerated in the first quarter, fuelled by massive government aid to households and businesses.That came against the backdrop of the Federal Reserve\'s reassurance on Wednesday that it was not time yet to begin discussing any change in its easy monetary policy.With just over a half of S&P 500 companies reporting earnings, about 87% beat market expectations, according to Refinitiv, the highest level in recent years.""The Federal Reserve continues to support, Biden has this huge stimulus programme as well and the earnings season continues -- so far we have seen relatively benign as well as strong earnings,"" said Eddie Cheng, head of international multi-asset portfolio management at Wells Fargo Asset Management.MSCI\'s broadest gauge of world stocks covering 50 markets dipped 0.25% but remained close to a record peak touched the previous day, up 4.9% on the month.For both the MSCI world index and the S&P500, analysts are expecting earnings in the next 12 months to recover to above pre-pandemic levels.In Europe, the euro STOXX index was down 0.22% and Britain\'s FTSE 100 was flat.Euro zone GDP data showed a year-on-year drop of 1.8% in the first quarter, stronger than expectations of a 2% fall, though economists said the bloc was on a recovery path.""There is increasingly bright light at the end of the tunnel,"" Commerzbank analysts said.""The speed of the vaccinations is picking up and the EU recovery fund is also finally getting off the ground.""New coronavirus infections in India surged to a fresh record, however, and France\'s health minister said the dangers of the Indian variant must not be underestimated.""Risky assets have had quite a few wobbles within the month,"" said Cheng.""We need to get used to the fact that this is not going to be a straight line.""The euro extended its bull run to a two-month high of $1.2150 in the previous session but last stood at $1.2083 , down 0.29%, following the euro zone data.""The euro is more sensitive to the European economic outlook, than to (what) happens in the US"", said Kit Juckes, head of FX strategy at Societe Generale.Germany\'s 10-year Bund yield, which moves inversely to price, slipped 0.015% to -0.208%.The dollar gained 0.25% against a basket of currencies , after hitting a two-month low on Thursday, but remained on course for a four-week losing streak, its longest since July.The Canadian dollar hit a three-year high of C$1.2268 per US unit, boosted by the Bank of Canada\'s tapering of its bond-buying programme and higher commodities including oil and lumber.The dollar was steady against the yen at 108.86.Mainland Chinese shares lost 0.8% while Japan\'s Nikkei also shed 0.8% on position adjustments ahead of a long weekend. Both markets will be closed through Wednesday.Oil prices fell a dollar a barrel on concerns about wider lockdowns in India and Brazil.Brent reached $67.56 per barrel, after reaching a high of $68.95 on Thursday, while US West Texas Intermediate (WTI) fell dropped to $64.01 per barrel.', 'NEW YORK: Oil prices fell from six-week highs on Friday, as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared.US crude and global benchmark Brent were set for their biggest daily drops in about three weeks, but still on track for their fifth straight monthly gains. Fuel demand worldwide is mixed but consumption is rising in the United States and China.Brent crude was $1.28, or 1.9% lower, at $67.28 a barrel by 10:48 a.m. EDT (1448 GMT), the last day of trading for the front-month June contract. US West Texas Intermediate crude for June was at $63.37 a barrel, down $1.64, or 2.5%.""The tug of war between summer demand growth prospects and worsening COVID infections is still in full swing,"" JBC Energy analysts wrote on Friday.India, the world\'s third largest oil consumer, is in deep crisis, with hospitals and morgues overwhelmed, as the number of COVID-19 cases topped 18 million on Thursday.Japan\'s imports fell 25% in March from a year earlier to 2.34 million barrels per day, according to government figures. However, the country\'s factory activity expanded at the fastest pace since early 2018.""There are still several major countries struggling mightily with the COVID-19 and of course there is a humanitarian crisis developing in India,"" said John Kilduff, partner at Again Capital. ""These are two big sources of demand that are taking a hit.""OPEC oil output rose in April due to more supply from Iran, countering the cartel\'s pact with allies to reduce supply.A Reuters survey forecast that Brent would average $64.17 in 2021, up from last month\'s consensus of $63.12 per barrel and the $62.3 average for the benchmark so far this year.', 'MOSCOW: The rouble weakened past 75 against the dollar on Friday, moving away from its April peaks, while stock indexes inched lower ahead of Russia\'s May holidays as oil prices fell.At 1056 GMT, the rouble was 0.5% weaker against the dollar at 75.02, having slid away from its strongest level since March 22 of 74.19 it touched on Thursday.Against the euro, the rouble eased 0.2% to 90.66 .Sberbank CIB said the Russian currency could weaken ""as many investors might take profits on long rouble positions after the recent rouble appreciation and ahead of the long May holiday in Russia next week.""Trading activity is waning and is likely to be thinner than usual next week when Russia\'s two largest stock exchanges will remain open and the central bank will carry out its regular market operations on May 4-7 despite President Vladimir Putin declaring those days non-working.Although fears of imminent sanctions against Moscow has somewhat declined in the past weeks, the rouble still retains a visible geopolitical discount. In 2020, when oil prices hovered near current levels, the rouble was at around 61 versus the dollar and 68 to the euro.Brent crude oil, a global benchmark for Russia\'s main export, was down 1.5% at $67.53 a barrel, paving the way for a decline in Russian stock indexes.The dollar-denominated RTS index shed 1.3% to 1,491.3. The rouble-based MOEX Russian index was 0.5% lower at 3,553.0, not far from an all-time high of 3,627.91 it touched this week.""There is simply no serious interest in the Russia equity products globally at this point,"" BCS Brokerage said.Shares in the Moscow Exchange outperformed the market and climbed 1.5% on the day after Russia\'s largest bourse reported a 16% increase in first-quarter net profit.', 'LONDON:Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the Covid-19 pandemic offset a bullish outlook on summer fuel demand and the economic recovery.Brent crude was $0.84, or 1.2%, lower at $67.22 a barrel by 1016 GMT, the last day of trading for the front-month June contract. US West Texas Intermediate crude for June was at $64.04 a barrel, down $0.97, or 1.4%.Prices also came under pressure after China’s factory activity growth slowed and missed forecasts in April, although a private sector survey showed that Japan’s factory activity expanded in April at the fastest pace since early 2018.“The post Covid-19 demand recovery is still uneven and the surge in Indian cases serves as a timely reminder that any rally to $70 is too premature,â€ÂÂ\x9d Energy Aspects analysts said in a note.Such a level is likely to be reached only in the third quarter this year, when demand improves materially and destocking ends, they said.The world’s third largest oil consumer – India – is in deep crisis, with hospitals and morgues overwhelmed, as the number of Covid-19 cases topped 18 million on Thursday.The surging infection numbers and renewed mobility restricting measures have “forced us to revise down Indian gasoline and gasoil demandâ€ÂÂ\x9d estimates for 2021, said JBC Energy’s senior analyst Eugene Lindell.Brent is on track to gain around 7% in April while WTI could end around 8% higher.That would be their fifth monthly gain in six as global demand has almost returned to pre-pandemic levels on the back of fiscal stimulus and the easing of virus lockdowns in some countries, while production cuts from OPEC and their allies including Russia eased crude oil oversupply.']","['NEW YORK/LONDON world shares softened following thursday record peak on strong US data and earnings, while the dollar was on course to narrowly avoid a fourth straight weekly decline.MSCI broadest gauge of world shares dipped but remained close to a record peak touched the previous day, and on track for its strongest month since November.The index, which covers 50 markets, shed 0.49%.the dow jones industrial average fell 123.28 points, or 0.36%, to 33,937.08, the S&P 500 lost 18.14 points, or 0.43%, to 4,193.33 and the nasdaq composite dropped 60.54 points, or 0.43%, to 14,022.01.data on thursday showed US economic growth accelerated in the first quarter, fuelled by massive government aid to households and businesses.that came against the backdrop of the federal reserve reassurance on wednesday that it was not time yet to begin discussing any change in its easy monetary policy.with just over a half of S&P 500 companies reporting earnings, about 87% beat market expectations, according to refinitiv, the highest level in recent years.""the federal reserve continues to support, biden has this huge stimulus programme as well and the earnings season continues so far we have seen relatively benign as well as strong earnings,"" said eddie cheng, head of international multi-asset portfolio management at wells fargo asset Management.For both the MSCI world index and the S&P500, analysts are expecting earnings in the next 12 months to recover to above pre-pandemic levels.in europe, the pan-European STOXX 600 index rose 0.13%euro zone GDP data showed a year-on-year drop of 1.8% in the first quarter, stronger than expectations of a 2% fall, though economists said the bloc was on a recovery path.""there is increasingly bright light at the end of the tunnel,"" commerzbank analysts said.""the speed of the vaccinations is picking up and the EU recovery fund is also finally getting off the ground.""new coronavirus infections in india surged to a fresh record, however, and france health minister said the dangers of the indian variant must not be underestimated.""risky assets have had quite a few wobbles within the month,"" said Cheng.""We need to get used to the fact that this is not going to be a straight line.""the euro extended its bull run to a two-month high of $1.2150 in the previous session before dropping 0.30% following the euro zone data.""the euro is more sensitive to the european economic outlook, than to (what) happens in the US"", said kit juckes, head of FX strategy at societe Generale.The dollar index, a measure of the greenback value against a basket of major peers, rose 0.299%, leaving it set to end the week flat, although still down 2.56% for the month as a whole.oil prices fell on concerns about wider lockdowns in india and Brazil.US crude recently fell 1.85% to $63.81 per barrel and brent was at $67.40, down 1.69% on the day.spot gold dropped 0.1% to $1,770.15 an ounce. U.S. gold futures gained 0.21% to $1,771.80 an ounce.mainland chinese shares lost 0.8%, while japan nikkei also shed 0.8% on position adjustments ahead of a long weekend. both markets will be closed through wednesday.', 'LONDON wall street futures suggested a softer open on friday following thursday record peak on strong US data and earnings, while demand for risky assets put the dollar on course for its longest weekly losing streak since July.US stock futures were down 0.4% after the S&P 500 closed at an all-time high.data on thursday showed US economic growth accelerated in the first quarter, fuelled by massive government aid to households and businesses.that came against the backdrop of the federal reserve reassurance on wednesday that it was not time yet to begin discussing any change in its easy monetary policy.with just over a half of S&P 500 companies reporting earnings, about 87% beat market expectations, according to refinitiv, the highest level in recent years.""the federal reserve continues to support, biden has this huge stimulus programme as well and the earnings season continues so far we have seen relatively benign as well as strong earnings,"" said eddie cheng, head of international multi-asset portfolio management at wells fargo asset Management.MSCI broadest gauge of world stocks covering 50 markets dipped 0.25% but remained close to a record peak touched the previous day, up 4.9% on the month.for both the MSCI world index and the S&P500, analysts are expecting earnings in the next 12 months to recover to above pre-pandemic levels.in europe, the euro STOXX index was down 0.22% and britain FTSE 100 was flat.euro zone GDP data showed a year-on-year drop of 1.8% in the first quarter, stronger than expectations of a 2% fall, though economists said the bloc was on a recovery path.""there is increasingly bright light at the end of the tunnel,"" commerzbank analysts said.""the speed of the vaccinations is picking up and the EU recovery fund is also finally getting off the ground.""new coronavirus infections in india surged to a fresh record, however, and france health minister said the dangers of the indian variant must not be underestimated.""risky assets have had quite a few wobbles within the month,"" said Cheng.""We need to get used to the fact that this is not going to be a straight line.""the euro extended its bull run to a two-month high of $1.2150 in the previous session but last stood at $1.2083 , down 0.29%, following the euro zone data.""the euro is more sensitive to the european economic outlook, than to (what) happens in the US"", said kit juckes, head of FX strategy at societe Generale.Germany 10-year bund yield, which moves inversely to price, slipped 0.015% to -0.208%.The dollar gained 0.25% against a basket of currencies , after hitting a two-month low on thursday, but remained on course for a four-week losing streak, its longest since July.The canadian dollar hit a three-year high of C$1.2268 per US unit, boosted by the bank of canada tapering of its bond-buying programme and higher commodities including oil and lumber.the dollar was steady against the yen at 108.86.mainland chinese shares lost 0.8% while japan nikkei also shed 0.8% on position adjustments ahead of a long weekend. both markets will be closed through Wednesday.Oil prices fell a dollar a barrel on concerns about wider lockdowns in india and Brazil.Brent reached $67.56 per barrel, after reaching a high of $68.95 on thursday, while US west texas intermediate (WTI) fell dropped to $64.01 per barrel.', 'NEW YORK oil prices fell from six-week highs on friday, as investors unloaded positions after weak japanese crude import data and on worries about fuel demand in india, where COVID-19 infections have soared.US crude and global benchmark brent were set for their biggest daily drops in about three weeks, but still on track for their fifth straight monthly gains. fuel demand worldwide is mixed but consumption is rising in the united states and China.Brent crude was $1.28, or 1.9% lower, at $67.28 a barrel by 10 48 a.m. EDT (1448 GMT), the last day of trading for the front-month june contract. US west texas intermediate crude for june was at $63.37 a barrel, down $1.64, or 2.5%.""the tug of war between summer demand growth prospects and worsening COVID infections is still in full swing,"" JBC energy analysts wrote on Friday.India, the world third largest oil consumer, is in deep crisis, with hospitals and morgues overwhelmed, as the number of COVID-19 cases topped 18 million on Thursday.Japan imports fell 25% in march from a year earlier to 2.34 million barrels per day, according to government figures. however, the country factory activity expanded at the fastest pace since early 2018.""there are still several major countries struggling mightily with the COVID-19 and of course there is a humanitarian crisis developing in india,"" said john kilduff, partner at again capital. ""these are two big sources of demand that are taking a hit.""OPEC oil output rose in april due to more supply from iran, countering the cartel pact with allies to reduce supply.a reuters survey forecast that brent would average $64.17 in 2021, up from last month consensus of $63.12 per barrel and the $62.3 average for the benchmark so far this year.', 'MOSCOW the rouble weakened past 75 against the dollar on friday, moving away from its april peaks, while stock indexes inched lower ahead of russia may holidays as oil prices fell.at 1056 GMT, the rouble was 0.5% weaker against the dollar at 75.02, having slid away from its strongest level since march 22 of 74.19 it touched on Thursday.Against the euro, the rouble eased 0.2% to 90.66 .sberbank CIB said the russian currency could weaken ""as many investors might take profits on long rouble positions after the recent rouble appreciation and ahead of the long may holiday in russia next week.""trading activity is waning and is likely to be thinner than usual next week when russia two largest stock exchanges will remain open and the central bank will carry out its regular market operations on may 4-7 despite president vladimir putin declaring those days non-working.Although fears of imminent sanctions against moscow has somewhat declined in the past weeks, the rouble still retains a visible geopolitical discount. in 2020, when oil prices hovered near current levels, the rouble was at around 61 versus the dollar and 68 to the euro.brent crude oil, a global benchmark for russia main export, was down 1.5% at $67.53 a barrel, paving the way for a decline in russian stock indexes.the dollar-denominated RTS index shed 1.3% to 1,491.3. the rouble-based MOEX russian index was 0.5% lower at 3,553.0, not far from an all-time high of 3,627.91 it touched this week.""there is simply no serious interest in the russia equity products globally at this point,"" BCS brokerage said.shares in the moscow exchange outperformed the market and climbed 1.5% on the day after russia largest bourse reported a 16% increase in first-quarter net profit.', 'LONDON oil prices slipped on friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in india and brazil to curb the Covid-19 pandemic offset a bullish outlook on summer fuel demand and the economic recovery.brent crude was $0.84, or 1.2%, lower at $67.22 a barrel by 1016 GMT, the last day of trading for the front-month june contract. US west texas intermediate crude for june was at $64.04 a barrel, down $0.97, or 1.4%.prices also came under pressure after chinas factory activity growth slowed and missed forecasts in april, although a private sector survey showed that japans factory activity expanded in april at the fastest pace since early 2018.the post Covid-19 demand recovery is still uneven and the surge in indian cases serves as a timely reminder that any rally to $70 is too premature, energy aspects analysts said in a note.such a level is likely to be reached only in the third quarter this year, when demand improves materially and destocking ends, they said.the worlds third largest oil consumer india is in deep crisis, with hospitals and morgues overwhelmed, as the number of Covid-19 cases topped 18 million on Thursday.The surging infection numbers and renewed mobility restricting measures have forced us to revise down indian gasoline and gasoil demand estimates for 2021, said JBC energys senior analyst eugene Lindell.Brent is on track to gain around 7% in april while WTI could end around 8% higher.that would be their fifth monthly gain in six as global demand has almost returned to pre-pandemic levels on the back of fiscal stimulus and the easing of virus lockdowns in some countries, while production cuts from OPEC and their allies including russia eased crude oil oversupply.']","['https://www.brecorder.com/news/40089252/world-shares-off-record-peak-dollar-edges-higher', 'https://www.brecorder.com/news/40089193/wall-street-seen-off-record-peak-dollar-on-losing-streak', 'https://www.brecorder.com/news/40089257/india-demand-worries-weak-japanese-imports-knock-oil-prices-from-six-week-highs', 'https://www.brecorder.com/news/40089194/rouble-weakens-past-75-vs-dollar-stocks-fall-ahead-of-may-holidays', 'https://tribune.com.pk/story/2297623/india-demand-worries-knock-oil-prices-from-six-week-highs']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices fell', 'oil prices fell', 'oil prices slip']","['neg', 'neg', 'neg', 'neg', 'neg']",91.51,"[-5.33, -5.33, -5.33, -5.33, -1.78]",-4.62,0,-1,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""While the overall news sentiment leans towards sell, it's not extreme. Additionally, the market signal suggests a neutral stance. Hence, we recommend holding the position and closely monitoring the market for any significant changes in sentiment or technical indicators.""
}"
5/3/2021,['Oil prices fall from 6-week highs'],['oil prices fall from 6-week highs'],['Business Recorder'],"['NEW YORK: Oil prices fell from six-week highs on Friday, as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared. US crude and global benchmark Brent were set for their biggest daily drops in about three weeks, but still on track for their fifth straight monthly gains. Fuel demand worldwide is mixed but consumption is rising in the United States and China.Brent crude was $1.28, or 1.9% lower, at $67.28 a barrel by 10:48 a.m. EDT (1448 GMT), the last day of trading for the front-month June contract. US West Texas Intermediate crude for June was at $63.37 a barrel, down $1.64, or 2.5%.“The tug of war between summer demand growth prospects and worsening COVID infections is still in full swing,â€Â\x9d JBC Energy analysts wrote on Friday.India, the world’s third largest oil consumer, is in deep crisis, with hospitals and morgues overwhelmed, as the number of COVID-19 cases topped 18 million on Thursday.Japan’s imports fell 25% in March from a year earlier to 2.34 million barrels per day, according to government figures. However, the country’s factory activity expanded at the fastest pace since early 2018.“There are still several major countries struggling mightily with the COVID-19 and of course there is a humanitarian crisis developing in India,â€Â\x9d said John Kilduff, partner at Again Capital. “These are two big sources of demand that are taking a hit.â€Â\x9dOPEC oil output rose in April due to more supply from Iran, countering the cartel’s pact with allies to reduce supply.A Reuters survey forecast that Brent would average $64.17 in 2021, up from last month’s consensus of $63.12 per barrel and the $62.3 average for the benchmark so far this year.']","['NEW YORK oil prices fell from six-week highs on friday, as investors unloaded positions after weak japanese crude import data and on worries about fuel demand in india, where COVID-19 infections have soared. US crude and global benchmark brent were set for their biggest daily drops in about three weeks, but still on track for their fifth straight monthly gains. fuel demand worldwide is mixed but consumption is rising in the united states and China.Brent crude was $1.28, or 1.9% lower, at $67.28 a barrel by 10 48 a.m. EDT (1448 GMT), the last day of trading for the front-month june contract. US west texas intermediate crude for june was at $63.37 a barrel, down $1.64, or 2.5%.the tug of war between summer demand growth prospects and worsening COVID infections is still in full swing, JBC energy analysts wrote on Friday.India, the worlds third largest oil consumer, is in deep crisis, with hospitals and morgues overwhelmed, as the number of COVID-19 cases topped 18 million on Thursday.Japans imports fell 25% in march from a year earlier to 2.34 million barrels per day, according to government figures. however, the countrys factory activity expanded at the fastest pace since early 2018.there are still several major countries struggling mightily with the COVID-19 and of course there is a humanitarian crisis developing in india, said john kilduff, partner at again capital. these are two big sources of demand that are taking a hit.OPEC oil output rose in april due to more supply from iran, countering the cartels pact with allies to reduce supply.a reuters survey forecast that brent would average $64.17 in 2021, up from last months consensus of $63.12 per barrel and the $62.3 average for the benchmark so far this year.']",['https://www.brecorder.com/news/40089334/oil-prices-fall-from-6-week-highs'],"['brent, , ']",['oil prices fell'],['neg'],91.04,[-5.33],-5.33,0,-1,3,0,
5/4/2021,['TSX futures gain on firmer oil prices'],['TSX futures gain on firmer oil prices'],['Business Recorder'],"[""Futures for Canada's main stock index rose on Tuesday, as oil prices gained after more US states eased lockdowns and the European Union sought to attract travelers.Brent crude futures were 2.15% higher at $69.01 a barrel, while US West Texas Intermediate (WTI) crude futures rose 2.03%, to $65.8 a barrel at 7.00 am E.T.June quarter futures on the S&P/TSX index were up 0.2% at 7:00 a.m. ET.Canada's trade balance data for the month of March is due at 8:30 a.m. ETThe Toronto Stock Exchange's S&P/TSX composite index ended 0.5% higher at 19,213.16 on Monday.Dow Jones Industrial Average e-mini futures were up 0.02% at 7:00 a.m. ET. S&P 500 e-mini futures were down 0.13% and Nasdaq 100 e-mini futures were down 0.4%.TOP STORIESOil and gas producer Suncor Energy Inc reported a first-quarter profit after a loss in the prior quarter, buoyed by a recovery in crude prices from the pandemic-led lows hit last year and cost cutting measures.Nutrien Ltd, the world's biggest fertilizer producer by capacity, raised its full-year profit guidance and swung to a bigger-than-expected quarterly profit, as crop prices climb.""]","['futures for canada main stock index rose on tuesday, as oil prices gained after more US states eased lockdowns and the european union sought to attract travelers.brent crude futures were 2.15% higher at $69.01 a barrel, while US west texas intermediate (WTI) crude futures rose 2.03%, to $65.8 a barrel at 7.00 am E.T.June quarter futures on the S&P/TSX index were up 0.2% at 7 00 a.m. ET.Canada trade balance data for the month of march is due at 8 30 a.m. ETThe toronto stock exchange S&P/TSX composite index ended 0.5% higher at 19,213.16 on Monday.Dow jones industrial average e-mini futures were up 0.02% at 7 00 a.m. ET. S&P 500 e-mini futures were down 0.13% and nasdaq 100 e-mini futures were down 0.4%.TOP STORIESOil and gas producer suncor energy inc reported a first-quarter profit after a loss in the prior quarter, buoyed by a recovery in crude prices from the pandemic-led lows hit last year and cost cutting measures.nutrien ltd, the world biggest fertilizer producer by capacity, raised its full-year profit guidance and swung to a bigger-than-expected quarterly profit, as crop prices climb.']",['https://www.brecorder.com/news/40090143/tsx-futures-gain-on-firmer-oil-prices'],"['brent, , ']",['oil prices gained'],['pos'],91.48,[4.14],4.14,0,-3,3,0,"{
  ""Trading Recommendation"": ""Strong Buy"",
  ""Rationale"": ""The overall news sentiment is significantly positive, indicating a strong buying opportunity. Despite the neutral market signal, the high positive news impact suggests a 'strong buy' position.""
}"
5/6/2021,"['Oil prices slip despite hefty US inventory fall', 'Oil prices slip despite hefty US inventory fall', 'Oil prices slip despite big US inventory fall', 'Oil prices slip despite big US inventory fall']","['oil prices slip despite hefty US inventory fall', 'oil prices slip despite hefty US inventory fall', 'oil prices slip despite big US inventory fall', 'oil prices slip despite big US inventory fall']","['Business Recorder', 'Business Recorder', 'Tribune', 'Tribune']","['LONDON: Oil prices slipped after early gains on Thursday, pressured by rising COVID-19 infections in India and elsewhere and despite a much sharper than expected fall in US crude inventories.Brent crude oil futures fell by 48 cents, or 0.7%, to $68.48 a barrel by 1355 GMT. West Texas Intermediate (WTI) US crude futures 54 cents, or 0.8%, to $65.09.Both benchmarks hit their highest since mid-March on Wednesday before retreating to close little changed after two days of gains.Hopes that India\'s deadly second coronavirus wave was about to peak were swept away on Thursday as it posted record daily infections and deaths, with the virus spreading from cities to villages across the world\'s second-most populous nation.""The record numbers of new infections in India have been making the headlines and fuelling fears that demand may recover more slowly,"" Commerzbank said.At the same time, easing restrictions in Europe and falling US crude inventories provided price support.""As the rollout of vaccines continues and a pent-up summer driving season continues to manifest, this trend should accelerate, keeping demand for motor fuels robust and boosting market confidence in the recovery story,"" Citi analysts said in a note.US crude stocks fell more than expected last week as refining output rose and exports surged, the Energy Information Administration said on Wednesday.Crude inventories fell by 8 million barrels to 485.1 million barrels in the week to April 30, compared with expectations in a Reuters poll for a drop of 2.3 million barrels.This fall was chiefly attributable to ""a massive fall in net crude oil imports to around 1.3 million barrels per day, their lowest level in at least 40 years"", Commerzbank analysts said.They added that gasoline demand in the world\'s largest oil importer has proved disappointing, with stocks rising slightly last week.', 'LONDON: Oil prices slipped after early gains on Thursday, pressured by rising COVID-19 infections in India and elsewhere and despite a much sharper than expected fall in US crude inventories.Brent crude oil futures fell by 48 cents, or 0.7%, to $68.48 a barrel by 1355 GMT. West Texas Intermediate (WTI) US crude futures 54 cents, or 0.8%, to $65.09.Both benchmarks hit their highest since mid-March on Wednesday before retreating to close little changed after two days of gains.Hopes that India\'s deadly second coronavirus wave was about to peak were swept away on Thursday as it posted record daily infections and deaths, with the virus spreading from cities to villages across the world\'s second-most populous nation.""The record numbers of new infections in India have been making the headlines and fuelling fears that demand may recover more slowly,"" Commerzbank said.At the same time, easing restrictions in Europe and falling US crude inventories provided price support.""As the rollout of vaccines continues and a pent-up summer driving season continues to manifest, this trend should accelerate, keeping demand for motor fuels robust and boosting market confidence in the recovery story,"" Citi analysts said in a note.US crude stocks fell more than expected last week as refining output rose and exports surged, the Energy Information Administration said on Wednesday.Crude inventories fell by 8 million barrels to 485.1 million barrels in the week to April 30, compared with expectations in a Reuters poll for a drop of 2.3 million barrels.This fall was chiefly attributable to ""a massive fall in net crude oil imports to around 1.3 million barrels per day, their lowest level in at least 40 years"", Commerzbank analysts said.They added that gasoline demand in the world\'s largest oil importer has proved disappointing, with stocks rising slightly last week.', 'LONDON:Oil prices slipped after earlier gains on Thursday, weighed by rising Covid-19 infections in India and elsewhere, and despite a much sharper-than-expected fall in US crude inventories.Brent crude oil futures fell by $0.28, or 0.4%, to $68.68 a barrel by 0939 GMT, and West Texas Intermediate (WTI) US crude futures lost $0.31, or 0.5%, to $65.32 a barrel.Both benchmarks hit their highest since mid-March on Wednesday, before retreating to end little changed following two days of gains.Hopes that India’s deadly second wave was about to peak were swept away on Thursday as it posted record daily infections and deaths and as the virus spread from cities to villages across the world’s second-most populous nation.“The record numbers of new infections in India have been making the headlines and fuelling fears that demand may recover more slowly,â€ÂÂ\x9d Commerzbank said.At the same time, easing restrictions in Europe and falling US crude inventories lent support to prices.“As the rollout of vaccines continues and a pent-up summer driving season continues to manifest, this trend should accelerate, keeping demand for motor fuels robust and boosting market confidence in the recovery story,â€ÂÂ\x9d analysts from Citi said in a note.US crude stocks fell more than expected last week as refining output rose and exports surged, the Energy Information Administration said on Wednesday.Crude inventories fell by 8 million barrels to 485.1 million barrels in the week to April 30, compared with expectations in a Reuters’ poll for a 2.3-million-barrel drop.This fall was chiefly due to “a massive fall in net crude oil imports to around 1.3 million barrels per day (bpd), their lowest level in at least 40 years,â€ÂÂ\x9d Commerzbank said.They added that gasoline demand in the world’s largest oil importer has proved disappointing, with stocks rising slightly last week.', 'LONDON:Oil prices slipped after earlier gains on Thursday, weighed by rising Covid-19 infections in India and elsewhere, and despite a much sharper-than-expected fall in US crude inventories.Brent crude oil futures fell by $0.28, or 0.4%, to $68.68 a barrel by 0939 GMT, and West Texas Intermediate (WTI) US crude futures lost $0.31, or 0.5%, to $65.32 a barrel.Both benchmarks hit their highest since mid-March on Wednesday, before retreating to end little changed following two days of gains.Hopes that India’s deadly second wave was about to peak were swept away on Thursday as it posted record daily infections and deaths and as the virus spread from cities to villages across the world’s second-most populous nation.“The record numbers of new infections in India have been making the headlines and fuelling fears that demand may recover more slowly,â€ÂÂ\x9d Commerzbank said.At the same time, easing restrictions in Europe and falling US crude inventories lent support to prices.“As the rollout of vaccines continues and a pent-up summer driving season continues to manifest, this trend should accelerate, keeping demand for motor fuels robust and boosting market confidence in the recovery story,â€ÂÂ\x9d analysts from Citi said in a note.US crude stocks fell more than expected last week as refining output rose and exports surged, the Energy Information Administration said on Wednesday.Crude inventories fell by 8 million barrels to 485.1 million barrels in the week to April 30, compared with expectations in a Reuters’ poll for a 2.3-million-barrel drop.This fall was chiefly due to “a massive fall in net crude oil imports to around 1.3 million barrels per day (bpd), their lowest level in at least 40 years,â€ÂÂ\x9d Commerzbank said.They added that gasoline demand in the world’s largest oil importer has proved disappointing, with stocks rising slightly last week.']","['LONDON oil prices slipped after early gains on thursday, pressured by rising COVID-19 infections in india and elsewhere and despite a much sharper than expected fall in US crude inventories.brent crude oil futures fell by 48 cents, or 0.7%, to $68.48 a barrel by 1355 GMT. west texas intermediate (WTI) US crude futures 54 cents, or 0.8%, to $65.09.both benchmarks hit their highest since mid-March on wednesday before retreating to close little changed after two days of gains.hopes that india deadly second coronavirus wave was about to peak were swept away on thursday as it posted record daily infections and deaths, with the virus spreading from cities to villages across the world second-most populous nation.""the record numbers of new infections in india have been making the headlines and fuelling fears that demand may recover more slowly,"" commerzbank said.at the same time, easing restrictions in europe and falling US crude inventories provided price support.""as the rollout of vaccines continues and a pent-up summer driving season continues to manifest, this trend should accelerate, keeping demand for motor fuels robust and boosting market confidence in the recovery story,"" citi analysts said in a note.US crude stocks fell more than expected last week as refining output rose and exports surged, the energy information administration said on Wednesday.Crude inventories fell by 8 million barrels to 485.1 million barrels in the week to april 30, compared with expectations in a reuters poll for a drop of 2.3 million barrels.this fall was chiefly attributable to ""a massive fall in net crude oil imports to around 1.3 million barrels per day, their lowest level in at least 40 years"", commerzbank analysts said.they added that gasoline demand in the world largest oil importer has proved disappointing, with stocks rising slightly last week.', 'LONDON oil prices slipped after early gains on thursday, pressured by rising COVID-19 infections in india and elsewhere and despite a much sharper than expected fall in US crude inventories.brent crude oil futures fell by 48 cents, or 0.7%, to $68.48 a barrel by 1355 GMT. west texas intermediate (WTI) US crude futures 54 cents, or 0.8%, to $65.09.both benchmarks hit their highest since mid-March on wednesday before retreating to close little changed after two days of gains.hopes that india deadly second coronavirus wave was about to peak were swept away on thursday as it posted record daily infections and deaths, with the virus spreading from cities to villages across the world second-most populous nation.""the record numbers of new infections in india have been making the headlines and fuelling fears that demand may recover more slowly,"" commerzbank said.at the same time, easing restrictions in europe and falling US crude inventories provided price support.""as the rollout of vaccines continues and a pent-up summer driving season continues to manifest, this trend should accelerate, keeping demand for motor fuels robust and boosting market confidence in the recovery story,"" citi analysts said in a note.US crude stocks fell more than expected last week as refining output rose and exports surged, the energy information administration said on Wednesday.Crude inventories fell by 8 million barrels to 485.1 million barrels in the week to april 30, compared with expectations in a reuters poll for a drop of 2.3 million barrels.this fall was chiefly attributable to ""a massive fall in net crude oil imports to around 1.3 million barrels per day, their lowest level in at least 40 years"", commerzbank analysts said.they added that gasoline demand in the world largest oil importer has proved disappointing, with stocks rising slightly last week.', 'LONDON oil prices slipped after earlier gains on thursday, weighed by rising Covid-19 infections in india and elsewhere, and despite a much sharper-than-expected fall in US crude inventories.brent crude oil futures fell by $0.28, or 0.4%, to $68.68 a barrel by 0939 GMT, and west texas intermediate (WTI) US crude futures lost $0.31, or 0.5%, to $65.32 a barrel.both benchmarks hit their highest since mid-March on wednesday, before retreating to end little changed following two days of gains.hopes that indias deadly second wave was about to peak were swept away on thursday as it posted record daily infections and deaths and as the virus spread from cities to villages across the worlds second-most populous nation.the record numbers of new infections in india have been making the headlines and fuelling fears that demand may recover more slowly, commerzbank said.at the same time, easing restrictions in europe and falling US crude inventories lent support to prices.as the rollout of vaccines continues and a pent-up summer driving season continues to manifest, this trend should accelerate, keeping demand for motor fuels robust and boosting market confidence in the recovery story, analysts from citi said in a note.US crude stocks fell more than expected last week as refining output rose and exports surged, the energy information administration said on Wednesday.Crude inventories fell by 8 million barrels to 485.1 million barrels in the week to april 30, compared with expectations in a reuters poll for a 2.3-million-barrel drop.this fall was chiefly due to a massive fall in net crude oil imports to around 1.3 million barrels per day (bpd), their lowest level in at least 40 years, commerzbank said.they added that gasoline demand in the worlds largest oil importer has proved disappointing, with stocks rising slightly last week.', 'LONDON oil prices slipped after earlier gains on thursday, weighed by rising Covid-19 infections in india and elsewhere, and despite a much sharper-than-expected fall in US crude inventories.brent crude oil futures fell by $0.28, or 0.4%, to $68.68 a barrel by 0939 GMT, and west texas intermediate (WTI) US crude futures lost $0.31, or 0.5%, to $65.32 a barrel.both benchmarks hit their highest since mid-March on wednesday, before retreating to end little changed following two days of gains.hopes that indias deadly second wave was about to peak were swept away on thursday as it posted record daily infections and deaths and as the virus spread from cities to villages across the worlds second-most populous nation.the record numbers of new infections in india have been making the headlines and fuelling fears that demand may recover more slowly, commerzbank said.at the same time, easing restrictions in europe and falling US crude inventories lent support to prices.as the rollout of vaccines continues and a pent-up summer driving season continues to manifest, this trend should accelerate, keeping demand for motor fuels robust and boosting market confidence in the recovery story, analysts from citi said in a note.US crude stocks fell more than expected last week as refining output rose and exports surged, the energy information administration said on Wednesday.Crude inventories fell by 8 million barrels to 485.1 million barrels in the week to april 30, compared with expectations in a reuters poll for a 2.3-million-barrel drop.this fall was chiefly due to a massive fall in net crude oil imports to around 1.3 million barrels per day (bpd), their lowest level in at least 40 years, commerzbank said.they added that gasoline demand in the worlds largest oil importer has proved disappointing, with stocks rising slightly last week.']","['https://www.brecorder.com/news/40090868/oil-prices-slip-despite-hefty-us-inventory-fall', 'https://www.brecorder.com/news/40090868/oil-prices-slip-despite-hefty-us-inventory-fall', 'https://tribune.com.pk/story/2298662/oil-prices-slip-despite-big-us-inventory-fall', 'https://tribune.com.pk/story/2298662/oil-prices-slip-despite-big-us-inventory-fall']","['brent, , ']","['oil prices slip', 'US crude stocks fell', 'oil prices slip', 'US crude stocks fell']","['neg', 'neg', 'neg', 'neg']",92.67,"[-1.78, -1.04, -1.78, -1.04]",-1.41,0,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The technical indicators suggest a neutral stance, and the news impact is not significantly negative. Therefore, we recommend holding the position. Investors should monitor the market for any changes in indicators or news sentiment.""
}"
5/7/2021,['Oil prices set for weekly gain despite India virus surge'],['oil prices set for weekly gain despite india virus surge'],['Business Recorder'],"['NEW YORK: Oil prices were little changed on Friday as the COVID-19 crisis in India worsened but prices were set for a weekly gain against the backdrop of optimism over a global economic recovery.Brent crude futures were up 13 cents, or 0.2%, at $68.22 a barrel by 11:27 a.m. ET (1527 GMT) and US West Texas Intermediate (WTI) crude rose by 9 cents, or 0.1%, to $64.80.Both Brent and WTI are on track for second consecutive weekly gains as easing restrictions on movement in the United States and Europe, recovering factory operations and coronavirus vaccinations pave the way for a revival in fuel demand.""Oil prices might still have a positive second consecutive week, but it is nothing to get energy traders excited that oil will break away from its tightening trading range. Oil\'s short-term outlook remains very mixed,"" Edward Moya, senior market analyst at OANDA said.In China, data showed export growth accelerated unexpectedly in April while a private survey pointed to strong expansion in service sector activity.However, crude imports by the world\'s biggest buyer fell 0.2% in April from a year earlier to 40.36 million tonnes, or 9.82 million barrels per day (bpd), the lowest since December.The recovery in oil demand, however, has been uneven as surging COVID-19 cases in India reduce fuel consumption in the world\'s third-largest oil importer and consumer.India on Friday reported a record daily rise in coronavirus cases of 414,188, while deaths from COVID-19 swelled by 3,915, according to health ministry data.""Brent came within a whisker of breaking past $70 a barrel this week but failed at the final hurdle as demand uncertainty dragged on prices,"" said Stephen Brennock at oil brokerage PVM.The resurgence of COVID-19 in countries such as India, Japan and Thailand is hindering gasoline demand recovery, energy consultancy FGE said in a client note, though some of the lost demand has been offset by countries such as China, where recent Labour Day holiday travel surpassed 2019 levels.""Gasoline demand in the US and parts of Europe is faring relatively well,"" FGE said.""Further out, we could see demand pick up as lockdowns are eased and pent-up demand is released during the summer driving season.""In the United States, job growth unexpectedly slowed in April, likely restrained by worker shortages that have left businesses scrambling to meet booming demand as the economy reopens.The US oil rig count, an early indicator of future output, from energy services firm Baker Hughes will be released after 1 p.m. ET. Since hitting a record low in August, the number of drilling rigs have been growing modestly along with the recovery in oil prices.']","['NEW YORK oil prices were little changed on friday as the COVID-19 crisis in india worsened but prices were set for a weekly gain against the backdrop of optimism over a global economic recovery.brent crude futures were up 13 cents, or 0.2%, at $68.22 a barrel by 11 27 a.m. ET (1527 GMT) and US west texas intermediate (WTI) crude rose by 9 cents, or 0.1%, to $64.80.both brent and WTI are on track for second consecutive weekly gains as easing restrictions on movement in the united states and europe, recovering factory operations and coronavirus vaccinations pave the way for a revival in fuel demand.""oil prices might still have a positive second consecutive week, but it is nothing to get energy traders excited that oil will break away from its tightening trading range. oil short-term outlook remains very mixed,"" edward moya, senior market analyst at OANDA said.in china, data showed export growth accelerated unexpectedly in april while a private survey pointed to strong expansion in service sector activity.however, crude imports by the world biggest buyer fell 0.2% in april from a year earlier to 40.36 million tonnes, or 9.82 million barrels per day (bpd), the lowest since December.The recovery in oil demand, however, has been uneven as surging COVID-19 cases in india reduce fuel consumption in the world third-largest oil importer and consumer.india on friday reported a record daily rise in coronavirus cases of 414,188, while deaths from COVID-19 swelled by 3,915, according to health ministry data.""brent came within a whisker of breaking past $70 a barrel this week but failed at the final hurdle as demand uncertainty dragged on prices,"" said stephen brennock at oil brokerage PVM.The resurgence of COVID-19 in countries such as india, japan and thailand is hindering gasoline demand recovery, energy consultancy FGE said in a client note, though some of the lost demand has been offset by countries such as china, where recent labour day holiday travel surpassed 2019 levels.""gasoline demand in the US and parts of europe is faring relatively well,"" FGE said.""further out, we could see demand pick up as lockdowns are eased and pent-up demand is released during the summer driving season.""in the united states, job growth unexpectedly slowed in april, likely restrained by worker shortages that have left businesses scrambling to meet booming demand as the economy reopens.the US oil rig count, an early indicator of future output, from energy services firm baker hughes will be released after 1 p.m. ET. since hitting a record low in august, the number of drilling rigs have been growing modestly along with the recovery in oil prices.']",['https://www.brecorder.com/news/40091172/oil-prices-set-for-weekly-gain-despite-india-virus-surge'],"['brent, , ']",['recovery in oil prices'],['pos'],92.67,[2.63],2.63,0,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""Considering the current market signal and the overall news sentiment, it's advisable to hold the position. Further monitoring is recommended to assess any significant changes in market conditions.""
}"
5/10/2021,"['Oil prices set for weekly gain despite India virus surge', 'Stocks cheer prospects for low rates, copper shines']","['oil prices set for weekly gain despite india virus surge', 'stocks cheer prospects for low rates, copper shines']","['Business Recorder', 'Business Recorder']","['NEW YORK: Oil prices were little changed on Friday as the COVID-19 crisis in India worsened but prices were set for a weekly gain against the backdrop of optimism over a global economic recovery.Brent crude futures were up 13 cents, or 0.2%, at $68.22 a barrel by 11:27 a.m. ET (1527 GMT) and US West Texas Intermediate (WTI) crude rose by 9 cents, or 0.1%, to $64.80.Both Brent and WTI are on track for second consecutive weekly gains as easing restrictions on movement in the United States and Europe, recovering factory operations and coronavirus vaccinations pave the way for a revival in fuel demand.“Oil prices might still have a positive second consecutive week, but it is nothing to get energy traders excited that oil will break away from its tightening trading range. Oil’s short-term outlook remains very mixed,â€Â\x9d Edward Moya, senior market analyst at OANDA said.In China, data showed export growth accelerated unexpectedly in April while a private survey pointed to strong expansion in service sector activity.However, crude imports by the world’s biggest buyer fell 0.2% in April from a year earlier to 40.36 million tonnes, or 9.82 million barrels per day (bpd), the lowest since December.The recovery in oil demand, however, has been uneven as surging COVID-19 cases in India reduce fuel consumption in the world’s third-largest oil importer and consumer.India on Friday reported a record daily rise in coronavirus cases of 414,188, while deaths from COVID-19 swelled by 3,915, according to health ministry data.“Brent came within a whisker of breaking past $70 a barrel this week but failed at the final hurdle as demand uncertainty dragged on prices,â€Â\x9d said Stephen Brennock at oil brokerage PVM.The resurgence of COVID-19 in countries such as India, Japan and Thailand is hindering gasoline demand recovery, energy consultancy FGE said in a client note, though some of the lost demand has been offset by countries such as China, where recent Labour Day holiday travel surpassed 2019 levels.“Gasoline demand in the US and parts of Europe is faring relatively well,â€Â\x9d FGE said. “Further out, we could see demand pick up as lockdowns are eased and pent-up demand is released during the summer driving season.â€Â\x9dIn the United States, job growth unexpectedly slowed in April, likely restrained by worker shortages that have left businesses scrambling to meet booming demand as the economy reopens.The US oil rig count, an early indicator of future output, from energy services firm Baker Hughes will be released after 1 p.m. ET. Since hitting a record low in August, the number of drilling rigs have been growing modestly along with the recovery in oil prices.', 'MILAN: World stocks and copper prices hit new peaks on Monday on bets that interest rates will remain low and the economy will continue its recovery, while oil prices jumped after a cyber attack on a U.S. pipeline operator. MSCI\'s gauge of stocks across the globe hit a fresh record high and was up 0.2% by 1109 GMT, driven by gains across Asian markets and a steady session in Europe.Copper raced to a new all-time high as investors worried about missing out on further gains driven by expectations for improved demand amid tightening supply.Oil prices were buoyed after a cyber attack shut down a U.S. pipeline operator that supplies nearly half of the U.S. East coast\'s fuel.Europe\'s STOXX 600 index also reached a new historic peak after turning flat on the day, while MSCI\'s broadest index of Asia-Pacific shares outside Japan  rose 0.6%. S&P 500 futures were up 0.1% while Nasdaq futures fell 0.3%.    U.S. nonfarm payrolls data on Friday showed jobs growth slowed much more than expected in April, a shock release that gave equities a lift but applied downward pressure on the dollar and U.S. Treasury yields.""A statistical fluke and/or a temporary pause in labor market demand is the likeliest culprit for this report. However, the Federal Reserve cannot afford to adjust policy without concrete proof of a stronger labor market recovery,"" said Natixis economist Troy Ludtka.On Friday the Dow Jones Industrial Average and the S&P 500 rose to record closing highs as the disappointing data on the U.S. jobs market eased concerns about a spike in consumer prices.In recent weeks, some investors had been placing bets that a robust U.S. economic recovery from the coronavirus pandemic would force the Fed to tighten policy earlier than the central bank has outlined.However, the weak nonfarm payrolls report caused a rapid reversal in some of these trades, which rippled through stocks, bonds and major currencies.    U.S. President Joe Biden said after the report that the figures showed the economy was not at risk of overheating and underscored how vital his administration\'s economic actions are.""In the end, it is the best of all possible worlds for equities: robust economy, strong earnings, but no monetary policy tightening and more fiscal spending coming,"" said Giuseppe Sersale, fund manager at Anthilia in Milan.The focus now shifts to U.S. consumer price data due on Wednesday, which will help investors determine whether they need to scale back their inflation expectations even further.    The dollar index against a basket of six major currencies was little changed at 90.136, just above 2-1/2 month lows hit earlier in the session.The pound broke above the key $1.40 level for the first time in more than two months, even as pro-independence parties in Scottish elections won a majority.The pound was up 0.75% against the dollar at $1.4095 . In the cryptocurrency market, ether rose to a fresh record above $4,000 and was last up 3%. Bigger rival bitcoin fell 0.9% to $57,794. The yield on benchmark 10-year Treasury notes was little changed at around 1.575% after having plunged to a two-month low of 1.469% on Friday.Three-month copper on the London Metal Exchange climbed to an all-time high of $10,747.50 a tonne after first breaking through a decade-old record on Friday.Copper also hit a record high on the Shanghai Futures Exchange as the most-traded June copper contract closed up 4.8% to 77,720 yuan ($12,094.62) a tonne.Analysts said Friday\'s disappointing April non-farm payrolls further fuelled the rally in metal prices as the dollar got hit.Brent crude rose 0.75% to $68.79 per barrel as the disruption to U.S. supplies rattled energy markets, while U.S. crude added 0.6% to $65.31 a barrel.  The White House was working closely with top U.S. fuel pipeline operator Colonial Pipeline on Sunday to help it recover from the ransomware attack that forced the company to shut its main fuel lines.']","['NEW YORK oil prices were little changed on friday as the COVID-19 crisis in india worsened but prices were set for a weekly gain against the backdrop of optimism over a global economic recovery.brent crude futures were up 13 cents, or 0.2%, at $68.22 a barrel by 11 27 a.m. ET (1527 GMT) and US west texas intermediate (WTI) crude rose by 9 cents, or 0.1%, to $64.80.both brent and WTI are on track for second consecutive weekly gains as easing restrictions on movement in the united states and europe, recovering factory operations and coronavirus vaccinations pave the way for a revival in fuel demand.oil prices might still have a positive second consecutive week, but it is nothing to get energy traders excited that oil will break away from its tightening trading range. oils short-term outlook remains very mixed, edward moya, senior market analyst at OANDA said.in china, data showed export growth accelerated unexpectedly in april while a private survey pointed to strong expansion in service sector activity.however, crude imports by the worlds biggest buyer fell 0.2% in april from a year earlier to 40.36 million tonnes, or 9.82 million barrels per day (bpd), the lowest since December.The recovery in oil demand, however, has been uneven as surging COVID-19 cases in india reduce fuel consumption in the worlds third-largest oil importer and consumer.india on friday reported a record daily rise in coronavirus cases of 414,188, while deaths from COVID-19 swelled by 3,915, according to health ministry data.brent came within a whisker of breaking past $70 a barrel this week but failed at the final hurdle as demand uncertainty dragged on prices, said stephen brennock at oil brokerage PVM.The resurgence of COVID-19 in countries such as india, japan and thailand is hindering gasoline demand recovery, energy consultancy FGE said in a client note, though some of the lost demand has been offset by countries such as china, where recent labour day holiday travel surpassed 2019 levels.gasoline demand in the US and parts of europe is faring relatively well, FGE said. further out, we could see demand pick up as lockdowns are eased and pent-up demand is released during the summer driving season.in the united states, job growth unexpectedly slowed in april, likely restrained by worker shortages that have left businesses scrambling to meet booming demand as the economy reopens.the US oil rig count, an early indicator of future output, from energy services firm baker hughes will be released after 1 p.m. ET. since hitting a record low in august, the number of drilling rigs have been growing modestly along with the recovery in oil prices.', 'MILAN world stocks and copper prices hit new peaks on monday on bets that interest rates will remain low and the economy will continue its recovery, while oil prices jumped after a cyber attack on a U.S. pipeline operator. MSCI gauge of stocks across the globe hit a fresh record high and was up 0.2% by 1109 GMT, driven by gains across asian markets and a steady session in Europe.Copper raced to a new all-time high as investors worried about missing out on further gains driven by expectations for improved demand amid tightening supply.oil prices were buoyed after a cyber attack shut down a U.S. pipeline operator that supplies nearly half of the U.S. east coast fuel.europe STOXX 600 index also reached a new historic peak after turning flat on the day, while MSCI broadest index of Asia-Pacific shares outside japan rose 0.6%. S&P 500 futures were up 0.1% while nasdaq futures fell 0.3%. U.S. nonfarm payrolls data on friday showed jobs growth slowed much more than expected in april, a shock release that gave equities a lift but applied downward pressure on the dollar and U.S. treasury yields.""a statistical fluke and/or a temporary pause in labor market demand is the likeliest culprit for this report. however, the federal reserve cannot afford to adjust policy without concrete proof of a stronger labor market recovery,"" said natixis economist troy Ludtka.On friday the dow jones industrial average and the S&P 500 rose to record closing highs as the disappointing data on the U.S. jobs market eased concerns about a spike in consumer prices.in recent weeks, some investors had been placing bets that a robust U.S. economic recovery from the coronavirus pandemic would force the fed to tighten policy earlier than the central bank has outlined.however, the weak nonfarm payrolls report caused a rapid reversal in some of these trades, which rippled through stocks, bonds and major currencies. U.S. president joe biden said after the report that the figures showed the economy was not at risk of overheating and underscored how vital his administration economic actions are.""in the end, it is the best of all possible worlds for equities robust economy, strong earnings, but no monetary policy tightening and more fiscal spending coming,"" said giuseppe sersale, fund manager at anthilia in Milan.The focus now shifts to U.S. consumer price data due on wednesday, which will help investors determine whether they need to scale back their inflation expectations even further. the dollar index against a basket of six major currencies was little changed at 90.136, just above 2-1/2 month lows hit earlier in the session.the pound broke above the key $1.40 level for the first time in more than two months, even as pro-independence parties in scottish elections won a majority.the pound was up 0.75% against the dollar at $1.4095 . in the cryptocurrency market, ether rose to a fresh record above $4,000 and was last up 3%. bigger rival bitcoin fell 0.9% to $57,794. the yield on benchmark 10-year treasury notes was little changed at around 1.575% after having plunged to a two-month low of 1.469% on Friday.Three-month copper on the london metal exchange climbed to an all-time high of $10,747.50 a tonne after first breaking through a decade-old record on Friday.Copper also hit a record high on the shanghai futures exchange as the most-traded june copper contract closed up 4.8% to 77,720 yuan ($12,094.62) a tonne.analysts said friday disappointing april non-farm payrolls further fuelled the rally in metal prices as the dollar got hit.brent crude rose 0.75% to $68.79 per barrel as the disruption to U.S. supplies rattled energy markets, while U.S. crude added 0.6% to $65.31 a barrel. the white house was working closely with top U.S. fuel pipeline operator colonial pipeline on sunday to help it recover from the ransomware attack that forced the company to shut its main fuel lines.']","['https://www.brecorder.com/news/40091208/oil-prices-set-for-weekly-gain-despite-india-virus-surge', 'https://www.brecorder.com/news/40091666/stocks-cheer-prospects-for-low-rates-copper-shines']","['brent, , ']","['recovery in oil prices', 'oil prices jumped']","['pos', 'pos']",92.67,"[2.63, 5.65]",4.14,0,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news sentiment is positive, but not strong enough to generate a buy signal. Technical indicators also do not support a strong buy or sell signal. Therefore, we recommend holding the position and closely monitoring the market for any significant changes in sentiment or technical indicators.""
}"
5/11/2021,"['Oil falls on fading pipeline outage fears, Indian crisis', 'Oil dips as pipeline outage fears ease, India weighs']","['oil falls on fading pipeline outage fears, indian crisis', 'oil dips as pipeline outage fears ease, india weighs']","['Tribune', 'Business Recorder']","['LONDON:Oil prices fell on Tuesday on fading fears of a prolonged outage at the largest US fuel pipeline system while India’s coronavirus crisis and a tech-led sell-off in global stock markets also weighed.Brent crude futures dropped $0.83, or 1.21%, to $67.49 a barrel by 1232 GMT. US West Texas Intermediate (WTI) crude futures fell $0.84, or 1.29%, to $64.08.Global stock markets suffered a second day of sharp losses on Tuesday as a combination of inflation worries, lofty valuations and an anti-monopoly drive in China sent the world’s mightiest tech giants tumbling.Colonial Pipeline, which transports more than 2.5 million barrels per day (bpd) of gasoline, diesel and jet fuel, on Monday said that it was working to restore much of its operations by the end of the week.Traders booked at least four tankers to store refined oil products off the US Gulf Coast refining hub after a cyberattack that knocked out the pipeline, shipping data showed on Tuesday.The US gasoline futures contract and US heating oil futures, which rose after the outage, retreated to pre-Friday levels on the prospect of the restart.“I believe the pressure we are currently seeing will be temporary,â€ÂÂ\x9d said Tamas Varga of PVM Oil Associates.“OPEC has just upped its projection for its oil ... implying healthy demand growth in the second half of the year because mobility restrictions are being lifted all over the world and hopefully India ... and because fears of slight inflation should make commodities, including oil, a perfect tool to hedge.â€ÂÂ\x9dOrganisation of the Petroleum Exporting Countries (OPEC) on Tuesday raised its forecast for demand for its crude by 200,000 bpd and stuck to its prediction of a strong recovery in global oil demand this year as growth in China and the United States counters the coronavirus crisis in India.Meanwhile, the rapid spread of infections in India has increased calls to lock down the world’s second-most populous country and the third-largest oil importer and consumer.India’s top state oil refiners have already started reducing runs and crude imports as the new coronavirus cuts fuel consumption, company officials told Reuters on Tuesday.On the bullish side for crude, analysts are expecting data to show US inventories fell by about 2.3 million barrels in the week to May 7 after a drop of 8 million barrels the previous week, a Reuters’ poll showed.Gasoline stocks are expected to have fallen by about 400,000 barrels, analysts estimated ahead of reports from the American Petroleum Institute on Tuesday and the US Energy Information Administration on Wednesday.OPEC is also expected to publish its monthly oil market report at 1120 GMT.', ""LONDON: Oil prices fell on Tuesday on fading fears of a prolonged outage of the largest U.S. fuel pipeline system, while India's coronavirus crisis showed scant sign of easing.Brent crude futures dropped 30 cents, or 0.4%, to $68.02 a barrel by 1000 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 32 cents, or 0.4%, to $64.60 a barrel.Oil was retreating amid weak sentiment as Asian stocks suffered a tech-led selloff and the market shrugged off concerns about a temporary shutdown of the Colonial Pipeline, DailyFX strategist Margaret Yang said.Colonial Pipeline, which transports more than 2.5 million barrels per day (bpd) of gasoline, diesel and jet fuel, said on Monday it was working to restore much of its operations by the end of the week.Traders booked at least four tankers to store refined oil products off the U.S. Gulf Coast refining hub following a cyber attacks that knocked out the pipeline, shipping data showed on Tuesday.The U.S. gasoline futures contract and U.S. heating oil futures, which rose after the outage, have retreated to pre-Friday levels on the prospect of the restart.Meanwhile, sentiment is weighed down by the rapid spread of coronavirus infections in India, which has increased calls to lock down the world's second-most populous country and the third largest oil importer and consumer.On the bullish side for crude, analysts are expecting data to show U.S. inventories fell by about 2.3 million barrels in the week to May 7, following an 8 million-barrel drop the previous week, according to a Reuters poll.Gasoline stocks are expected to have fallen by about 400,000 barrels, analysts estimated ahead of reports from the American Petroleum Institute industry group on Tuesday and the U.S. Energy Information Administration on Wednesday. OPEC is also expected to publish its monthly oil market report at 1120 GMT.""]","['LONDON oil prices fell on tuesday on fading fears of a prolonged outage at the largest US fuel pipeline system while indias coronavirus crisis and a tech-led sell-off in global stock markets also weighed.brent crude futures dropped $0.83, or 1.21%, to $67.49 a barrel by 1232 GMT. US west texas intermediate (WTI) crude futures fell $0.84, or 1.29%, to $64.08.global stock markets suffered a second day of sharp losses on tuesday as a combination of inflation worries, lofty valuations and an anti-monopoly drive in china sent the worlds mightiest tech giants tumbling.colonial pipeline, which transports more than 2.5 million barrels per day (bpd) of gasoline, diesel and jet fuel, on monday said that it was working to restore much of its operations by the end of the week.traders booked at least four tankers to store refined oil products off the US gulf coast refining hub after a cyberattack that knocked out the pipeline, shipping data showed on Tuesday.The US gasoline futures contract and US heating oil futures, which rose after the outage, retreated to pre-Friday levels on the prospect of the restart.i believe the pressure we are currently seeing will be temporary, said tamas varga of PVM oil Associates.OPEC has just upped its projection for its oil . implying healthy demand growth in the second half of the year because mobility restrictions are being lifted all over the world and hopefully india . and because fears of slight inflation should make commodities, including oil, a perfect tool to hedge.organisation of the petroleum exporting countries (OPEC) on tuesday raised its forecast for demand for its crude by 200,000 bpd and stuck to its prediction of a strong recovery in global oil demand this year as growth in china and the united states counters the coronavirus crisis in India.Meanwhile, the rapid spread of infections in india has increased calls to lock down the worlds second-most populous country and the third-largest oil importer and consumer.indias top state oil refiners have already started reducing runs and crude imports as the new coronavirus cuts fuel consumption, company officials told reuters on Tuesday.On the bullish side for crude, analysts are expecting data to show US inventories fell by about 2.3 million barrels in the week to may 7 after a drop of 8 million barrels the previous week, a reuters poll showed.gasoline stocks are expected to have fallen by about 400,000 barrels, analysts estimated ahead of reports from the american petroleum institute on tuesday and the US energy information administration on Wednesday.OPEC is also expected to publish its monthly oil market report at 1120 GMT.', 'LONDON oil prices fell on tuesday on fading fears of a prolonged outage of the largest U.S. fuel pipeline system, while india coronavirus crisis showed scant sign of easing.brent crude futures dropped 30 cents, or 0.4%, to $68.02 a barrel by 1000 GMT. U.S. west texas intermediate (WTI) crude futures fell 32 cents, or 0.4%, to $64.60 a barrel.oil was retreating amid weak sentiment as asian stocks suffered a tech-led selloff and the market shrugged off concerns about a temporary shutdown of the colonial pipeline, DailyFX strategist margaret yang said.colonial pipeline, which transports more than 2.5 million barrels per day (bpd) of gasoline, diesel and jet fuel, said on monday it was working to restore much of its operations by the end of the week.traders booked at least four tankers to store refined oil products off the U.S. gulf coast refining hub following a cyber attacks that knocked out the pipeline, shipping data showed on Tuesday.The U.S. gasoline futures contract and U.S. heating oil futures, which rose after the outage, have retreated to pre-Friday levels on the prospect of the restart.meanwhile, sentiment is weighed down by the rapid spread of coronavirus infections in india, which has increased calls to lock down the world second-most populous country and the third largest oil importer and consumer.on the bullish side for crude, analysts are expecting data to show U.S. inventories fell by about 2.3 million barrels in the week to may 7, following an 8 million-barrel drop the previous week, according to a reuters poll.gasoline stocks are expected to have fallen by about 400,000 barrels, analysts estimated ahead of reports from the american petroleum institute industry group on tuesday and the U.S. energy information administration on wednesday. OPEC is also expected to publish its monthly oil market report at 1120 GMT.']","['https://tribune.com.pk/story/2299448/oil-falls-on-fading-pipeline-outage-fears-indian-crisis', 'https://www.brecorder.com/news/40091875/oil-dips-as-pipeline-outage-fears-ease-india-weighs']","['brent, , ']","['oil prices fell', 'oil prices fell']","['neg', 'neg']",92.67,"[-5.33, -5.33]",-5.33,0,-3,3,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The overall news sentiment is significantly negative, and the market signal indicates a strong sell. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market altogether to mitigate potential losses.""
}"
5/12/2021,"['Oil climbs on demand outlook as market awaits fresh cues', 'Oil climbs on demand outlook as market awaits fresh cues', 'Oil on track for 9-week high on rising demand outlooks']","['oil climbs on demand outlook as market awaits fresh cues', 'oil climbs on demand outlook as market awaits fresh cues', 'oil on track for 9-week high on rising demand outlooks']","['Tribune', 'Business Recorder', 'Business Recorder']","['LONDON:Oil prices rose on Wednesday on signs of a speedy economic recovery and upbeat forecasts for energy demand supported by vaccinations against Covid-19 although waves of infections in India and Brazil curbed gains.Brent crude climbed $0.34, or 0.5% to $68.89 a barrel at 0951 GMT. West Texas Intermediate US crude rose $0.39, or 0.6%, to $65.67.""Expectation that the economy and demand will recover rapidly have once again allowed Brent to climb,"" said Commerzbank analyst Carsten Fritsch.The International Energy Agency (IEA) said in its monthly report that demand for oil will exceed the output of top producers.""The anticipated supply growth through the rest of this year comes nowhere close to matching our forecast for significantly stronger demand beyond the second quarter,"" the IEA said.Oil prices were also supported by the outlook from the Organisation of the Petroleum Exporting Countries (OPEC), which on Tuesday stuck to a forecast for a strong recovery in world oil demand in 2021, with growth in China and the United States outweighing the impact of the coronavirus crisis in India. Data from the American Petroleum Institute industry group showed that US crude oil stocks fell by 2.5 million barrels in the week to May 7, two market sources said, a slightly lower than expected decline.The fall came before the Colonial Pipeline was hit by a cyber attack last Friday, forcing the shutdown of a pipeline that transports more than 2.5 million barrels of fuel per day.Gasoline stations from Florida to Virginia began running out of fuel on Tuesday as drivers rushed to top up their tanks, sending pump prices soaring. US unleaded gasoline prices hit an average $2.99 a gallon, the highest since November 2014, the American Automobile Association said. ""While a prolonged outage would be supportive for refined product prices, it could start to weigh on crude oil prices if refiners on the US Gulf Coast are forced to reduce run rates due to a build-up of refined product inventories,"" ING analysts said.Colonial Pipeline has said it hopes to restart a large portion of the network by the end of the week.Oil also found support from positive UK economic data while numbers for Germany and France were largely in line with estimates. All eyes will be on US consumer price data for April, due later in the day.', 'LONDON: Oil prices rose on Wednesday on signs of a speedy economic recovery and upbeat forecasts for energy demand supported by vaccinations against COVID-19 although waves of infections in India and Brazil curbed gains.Brent crude climbed 83 cents, or 1.2% to $69.38 a barrel at 1116 GMT. West Texas Intermediate US crude rose 85 cents, or 1.3%, to $66.13.""Expectation that the economy and demand will recover rapidly have once again allowed Brent to climb,"" said Commerzbank analyst Carsten Fritsch.The International Energy Agency (IEA) said in its monthly report that demand for oil will exceed the output of top producers.""The anticipated supply growth through the rest of this year comes nowhere close to matching our forecast for significantly stronger demand beyond the second quarter,"" the IEA said.Oil prices were also supported by the outlook from the Organization of the Petroleum Exporting Countries (OPEC), which on Tuesday stuck to a forecast for a strong recovery in world oil demand in 2021, with growth in China and the United States outweighing the impact of the coronavirus crisis in India.Data from the American Petroleum Institute industry group showed that US crude oil stocks fell by 2.5 million barrels in the week to May 7, two market sources said, a slightly lower than expected decline.Official data from the US Energy Information Administration (EIA) is due later in the day.The fall came before the Colonial Pipeline was hit by a cyber attack last Friday, forcing the shutdown of a pipeline that transports more than 2.5 million barrels of fuel per day.Gasoline stations from Florida to Virginia began running out of fuel on Tuesday as drivers rushed to top up their tanks, sending pump prices soaring.US unleaded gasoline prices hit an average $2.99 a gallon, the highest since November 2014, the American Automobile Association said.""While a prolonged outage would be supportive for refined product prices, it could start to weigh on crude oil prices if refiners on the US Gulf Coast are forced to reduce run rates due to a build-up of refined product inventories,"" ING analysts said.Colonial Pipeline has said it hopes to restart a large portion of the network by the end of the week.Oil also found support from positive UK economic data while numbers for Germany and France were largely in line with estimates.All eyes will be on US consumer price data for April, due later in the day.', 'NEW YORK: Oil prices rose for a fourth day on Wednesday, putting both benchmarks on track for their highest closes in almost nine weeks, on signs of a speedy economic recovery and upbeat forecasts for energy demand.Brent futures rose $1.09, or 1.6%, to $69.64 a barrel by 9:57 a.m. EDT (1357 GMT), while US West Texas Intermediate (WTI) crude rose $1.08, or 1.7%, to $66.36.That put WTI on track for its highest close since March 9 and Brent on track for its highest close since March 11.The price gains came ahead of a report by the US Energy Information Administration (EIA) expected to show a 2.8 million barrel decline in US crude inventories last week.If correct, that would confirm data from the American Petroleum Institute (API) industry group late Tuesday that showed US crude stocks fell by 2.5 million barrels in the week to May 7.""Oil prices today are experiencing a lift on positive demand outlooks released by OPEC and IEA, which both came out with a similar consensus that oil demand will average 96.4 million barrels per day (bpd) in 2021,"" said Louise Dickson, oil markets analyst at Rystad Energy.The International Energy Agency (IEA) said in its monthly report that oil demand is already outstripping supply and the shortfall is expected to widen even if Iran boosts exports as vaccinations against COVID-19 bolster the global economy.Oil prices were also supported by the outlook from the Organization of the Petroleum Exporting Countries, which on Tuesday stuck to a forecast for a strong recovery in world oil demand in 2021, with growth in China and the United States outweighing the impact of the coronavirus crisis in India.India\'s coronavirus death toll crossed 250,000 in the deadliest 24 hours since the pandemic began.In the United States, fuel shortages worsened on Wednesday as the shutdown of the Colonial Pipeline, the nation\'s largest fuel pipeline network, entered its sixth day and gasoline stations from Florida to Virginia ran out of supply in some cities.US unleaded gasoline prices hit an average $2.99 a gallon, the highest since November 2014, the American Automobile Association said.""While a prolonged outage would be supportive for refined product prices, it could start to weigh on crude oil prices if refiners on the US Gulf Coast are forced to reduce run rates due to a build-up of refined product inventories,"" ING analysts said.Colonial, which transports more than 2.5 million barrels per day, has said it hopes to restart a large portion of the network by the end of the week.Oil also found support from positive US and UK economic data.US consumer prices increased by the most in nearly 12 years in April as booming demand amid a reopening economy pushed against supply constraints, which could fuel financial market fears of a lengthy period of higher inflation.']","['LONDON oil prices rose on wednesday on signs of a speedy economic recovery and upbeat forecasts for energy demand supported by vaccinations against Covid-19 although waves of infections in india and brazil curbed gains.brent crude climbed $0.34, or 0.5% to $68.89 a barrel at 0951 GMT. west texas intermediate US crude rose $0.39, or 0.6%, to $65.67.""expectation that the economy and demand will recover rapidly have once again allowed brent to climb,"" said commerzbank analyst carsten Fritsch.The international energy agency (IEA) said in its monthly report that demand for oil will exceed the output of top producers.""the anticipated supply growth through the rest of this year comes nowhere close to matching our forecast for significantly stronger demand beyond the second quarter,"" the IEA said.oil prices were also supported by the outlook from the organisation of the petroleum exporting countries (OPEC), which on tuesday stuck to a forecast for a strong recovery in world oil demand in 2021, with growth in china and the united states outweighing the impact of the coronavirus crisis in india. data from the american petroleum institute industry group showed that US crude oil stocks fell by 2.5 million barrels in the week to may 7, two market sources said, a slightly lower than expected decline.the fall came before the colonial pipeline was hit by a cyber attack last friday, forcing the shutdown of a pipeline that transports more than 2.5 million barrels of fuel per day.gasoline stations from florida to virginia began running out of fuel on tuesday as drivers rushed to top up their tanks, sending pump prices soaring. US unleaded gasoline prices hit an average $2.99 a gallon, the highest since november 2014, the american automobile association said. ""while a prolonged outage would be supportive for refined product prices, it could start to weigh on crude oil prices if refiners on the US gulf coast are forced to reduce run rates due to a build-up of refined product inventories,"" ING analysts said.colonial pipeline has said it hopes to restart a large portion of the network by the end of the week.oil also found support from positive UK economic data while numbers for germany and france were largely in line with estimates. all eyes will be on US consumer price data for april, due later in the day.', 'LONDON oil prices rose on wednesday on signs of a speedy economic recovery and upbeat forecasts for energy demand supported by vaccinations against COVID-19 although waves of infections in india and brazil curbed gains.brent crude climbed 83 cents, or 1.2% to $69.38 a barrel at 1116 GMT. west texas intermediate US crude rose 85 cents, or 1.3%, to $66.13.""expectation that the economy and demand will recover rapidly have once again allowed brent to climb,"" said commerzbank analyst carsten Fritsch.The international energy agency (IEA) said in its monthly report that demand for oil will exceed the output of top producers.""the anticipated supply growth through the rest of this year comes nowhere close to matching our forecast for significantly stronger demand beyond the second quarter,"" the IEA said.oil prices were also supported by the outlook from the organization of the petroleum exporting countries (OPEC), which on tuesday stuck to a forecast for a strong recovery in world oil demand in 2021, with growth in china and the united states outweighing the impact of the coronavirus crisis in India.Data from the american petroleum institute industry group showed that US crude oil stocks fell by 2.5 million barrels in the week to may 7, two market sources said, a slightly lower than expected decline.official data from the US energy information administration (EIA) is due later in the day.the fall came before the colonial pipeline was hit by a cyber attack last friday, forcing the shutdown of a pipeline that transports more than 2.5 million barrels of fuel per day.gasoline stations from florida to virginia began running out of fuel on tuesday as drivers rushed to top up their tanks, sending pump prices soaring.US unleaded gasoline prices hit an average $2.99 a gallon, the highest since november 2014, the american automobile association said.""while a prolonged outage would be supportive for refined product prices, it could start to weigh on crude oil prices if refiners on the US gulf coast are forced to reduce run rates due to a build-up of refined product inventories,"" ING analysts said.colonial pipeline has said it hopes to restart a large portion of the network by the end of the week.oil also found support from positive UK economic data while numbers for germany and france were largely in line with estimates.all eyes will be on US consumer price data for april, due later in the day.', 'NEW YORK oil prices rose for a fourth day on wednesday, putting both benchmarks on track for their highest closes in almost nine weeks, on signs of a speedy economic recovery and upbeat forecasts for energy demand.brent futures rose $1.09, or 1.6%, to $69.64 a barrel by 9 57 a.m. EDT (1357 GMT), while US west texas intermediate (WTI) crude rose $1.08, or 1.7%, to $66.36.that put WTI on track for its highest close since march 9 and brent on track for its highest close since march 11.the price gains came ahead of a report by the US energy information administration (EIA) expected to show a 2.8 million barrel decline in US crude inventories last week.if correct, that would confirm data from the american petroleum institute (API) industry group late tuesday that showed US crude stocks fell by 2.5 million barrels in the week to may 7.""oil prices today are experiencing a lift on positive demand outlooks released by OPEC and IEA, which both came out with a similar consensus that oil demand will average 96.4 million barrels per day (bpd) in 2021,"" said louise dickson, oil markets analyst at rystad Energy.The international energy agency (IEA) said in its monthly report that oil demand is already outstripping supply and the shortfall is expected to widen even if iran boosts exports as vaccinations against COVID-19 bolster the global economy.oil prices were also supported by the outlook from the organization of the petroleum exporting countries, which on tuesday stuck to a forecast for a strong recovery in world oil demand in 2021, with growth in china and the united states outweighing the impact of the coronavirus crisis in India.India coronavirus death toll crossed 250,000 in the deadliest 24 hours since the pandemic began.in the united states, fuel shortages worsened on wednesday as the shutdown of the colonial pipeline, the nation largest fuel pipeline network, entered its sixth day and gasoline stations from florida to virginia ran out of supply in some cities.US unleaded gasoline prices hit an average $2.99 a gallon, the highest since november 2014, the american automobile association said.""while a prolonged outage would be supportive for refined product prices, it could start to weigh on crude oil prices if refiners on the US gulf coast are forced to reduce run rates due to a build-up of refined product inventories,"" ING analysts said.colonial, which transports more than 2.5 million barrels per day, has said it hopes to restart a large portion of the network by the end of the week.oil also found support from positive US and UK economic data.US consumer prices increased by the most in nearly 12 years in april as booming demand amid a reopening economy pushed against supply constraints, which could fuel financial market fears of a lengthy period of higher inflation.']","['https://tribune.com.pk/story/2299636/oil-climbs-on-demand-outlook-as-market-awaits-fresh-cues', 'https://www.brecorder.com/news/40092090/oil-climbs-on-demand-outlook-as-market-awaits-fresh-cues', 'https://www.brecorder.com/news/40092117/oil-on-track-for-9-week-high-on-rising-demand-outlooks']","['brent, , ']","['brent crude climbed', 'brent crude climbed', 'US crude stocks fell']","['pos', 'pos', 'neg']",92.67,"[4.35, 4.35, -1.04]",2.55,0,-3,3,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The technical indicators suggest a sell signal, particularly with one indicator indicating a bearish trend. Therefore, we recommend selling the position.""
}"
5/19/2021,"['Oil prices fall on rising Covid-19 infections in Asia, inflation fears', 'TSX weighed by energy stocks, inflation data', 'Oil prices fall on rising COVID-19 infections in Asia, inflation fears', 'Oil prices fall $2 on COVID-19 rise in Asia, inflation fears', 'Oil prices drop $2 on COVID-19 rise in Asia, inflation fears', 'Bitcoin drops to lowest since Jan; stocks fall before Fed minutes']","['oil prices fall on rising Covid-19 infections in asia, inflation fears', 'TSX weighed by energy stocks, inflation data', 'oil prices fall on rising COVID-19 infections in asia, inflation fears', 'oil prices fall $2 on COVID-19 rise in asia, inflation fears', 'oil prices drop $2 on COVID-19 rise in asia, inflation fears', 'bitcoin drops to lowest since jan stocks fall before fed minutes']","['Tribune', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['LONDON:Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the US Federal Reserve to raise interest rates, which could limit economic growth.Brent crude futures fell $1.08, or 1.5%, to $67.63 a barrel at 1100 GMT. It settled 1.1% lower on Tuesday after briefly climbing above $70 earlier in the session.US West Texas Intermediate (WTI) crude futures dropped $1.05, or 1.6%, to $64.44 a barrel, following a 1.2% fall on Tuesday.Brent\'s rise to $70 was driven by optimism over the reopening of the US and European economies, among the world\'s biggest oil consumers.But it later retreated on fears of slowing fuel demand in Asia as Covid-19 cases surge in India, Taiwan, Vietnam and Thailand, prompting a new wave of movement restrictions.""Tuesday\'s trade proved again that $70 signals irrational exuberance,"" said Vandana Hari, energy analyst at Vanda Insights.""Assessing the global demand picture remains challenging as reopenings and restrictions across the world are probably the most diverse since the start of the pandemic,"" said Hari.Despite this, Russian Deputy Prime Minister Alexander Novak said oil prices were stable and the market had roughly balanced, with demand slightly exceeding supply.Uncertainties over inflation also prompted investors to reduce exposure to riskier assets like oil.Westpac economist Justin Smirk said speculation that the Federal Reserve might raise rates because of inflation fears weighed on the outlook for growth and in turn on commodities demand.""The Fed\'s very serious (about holding rates low), but the market\'s speculating about earlier movement,"" he said.The Fed has indicated that interest rates will stay at their current low levels through 2023 though futures markets show investors believe rates may start to be raised by September 2022.Investors will also be watching out for the latest US crude and products stocks data from the US Energy Information Administration due on Wednesday.', ""Canada's main stock index fell on Wednesday, dragged down by energy stocks after oil prices fell on demand concerns and as data showed inflation rose in April.Inflation in Canada rose at its fastest pace in a decade in April, mostly due to the statistical comparison to last year when prices tanked amid pandemic shutdowns, but also as gasoline and shelter costs rose, data showed on Wednesday.At 9:38 a.m. ET (13:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 198.19 points, or 1.02%, at 19,308.86.The energy sector dropped 2.4% as US crude prices were down 2.7% a barrel, while Brent crude lost 2.5%.Aviation training specialist CAE Inc fell 6.4% after reporting a 77% drop in fourth-quarter profit, as demand for its full-flight simulators and pilot drills remained stressed due to the COVID-19 pandemic. The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.6%.On the TSX, 21 issues were higher, while 206 issues declined for a 9.81-to-1 ratio to the downside, with 20.51 million shares traded. The largest percentage gainer on the TSX was Wesdome Gold Mines, which jumped 9.9%, after the expansion of its mine in Quebec.Franco Nevada Corp rose 2.1% after Credit Suisse raised its target price to $145 from $130First Quantum Minerals fell 6.7%, the most on the TSX, after selling the company sold its Australia nickel mine stake.The second biggest decliner was Nexgen Energy, down 6.3%.The most heavily traded shares by volume were Enbridge Inc , Sun Life Financial and Western Forest products.The TSX posted one new 52-week high and no new low.Across all Canadian issues there were 10 new 52-week highs and 17 new lows, with total volume of 41.45 million shares."", 'LONDON: Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the US Federal Reserve to raise interest rates, which could limit economic growth.Brent crude futures fell 85 cents, or 1.2%, to $67.86 a barrel at 1005 GMT. It settled 1.1% lower on Tuesday after briefly climbing above $70 earlier in the session.US West Texas Intermediate (WTI) crude futures dropped 90 cents, or 1.3%, to $64.59 a barrel, following a 1.2% fall on Tuesday.Brent\'s rise to $70 was driven by optimism over the reopening of the US and European economies, among the world\'s biggest oil consumers. But it later retreated on fears of slowing fuel demand in Asia as COVID-19 cases surge in India, Taiwan, Vietnam and Thailand, prompting a new wave of movement restrictions.""Yesterday\'s trade proved again that $70 signals irrational exuberance,"" said Vandana Hari, energy analyst at Vanda Insights.""Assessing the global demand picture remains challenging as reopenings and restrictions across the world are probably the most diverse since the start of the pandemic,"" said Hari.Uncertainties over inflation also prompted investors to reduce exposure to riskier assets like oil.""There is a wider risk-off play that\'s going on,"" said Westpac senior economist Justin Smirk.Smirk said speculation that the Federal Reserve might raise rates because of inflation fears weighed on the outlook for growth and in turn on commodities demand.""The Fed\'s very serious (about holding rates low), but the market\'s speculating about earlier movement,"" he said.The Fed has indicated that interest rates will stay at their current low levels through 2023 though futures markets show investors believe rates may start to be raised by September 2022.Investors will also be watching out for the latest US crude and products stocks data from the US Energy Information Administration due on Wednesday.', 'LONDON: Oil prices fell by over $2 on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the US Federal Reserve to raise interest rates, which could limit economic growth.Brent crude futures fell $2.16, or 3.1%, to $66.55 a barrel at 1355 GMT. It settled 1.1% lower on Tuesday after briefly climbing above $70 earlier in the session.US West Texas Intermediate (WTI) crude futures dropped $2.26, or 3.4%, to $63.23 a barrel, following a 1.2% fall on Tuesday.Brent\'s rise to $70 was driven by optimism over the reopening of the US and European economies, among the world\'s biggest oil consumers.But it later retreated on fears of slowing fuel demand in Asia as COVID-19 cases surge in India, Taiwan, Vietnam and Thailand, prompting a new wave of movement restrictions.""While optimism surrounding the economic re-opening in the West helped drive Brent to $70, the move has proved unsustainable and somewhat irrational given the Covid picture in Asia,"" said OANDA market analyst Sophie Griffiths.""The global picture for demand is probably the most divided it has been since the start of the pandemic.""Despite this, Russian Deputy Prime Minister Alexander Novak said oil prices were stable and the market had roughly balanced, with demand slightly exceeding supply.Uncertainties over inflation also prompted investors to reduce exposure to riskier assets like oil.Westpac economist Justin Smirk said speculation that the Federal Reserve might raise rates because of inflation fears weighed on the outlook for growth and in turn on commodities demand.""The Fed\'s very serious (about holding rates low), but the market\'s speculating about earlier movement,"" he said.The Fed has indicated that interest rates will stay at their current low levels through 2023 though futures markets show investors believe rates may start to be raised by September 2022.Investors will also be watching out for the latest US crude and products stocks data from the US Energy Information Administration due on Wednesday.', 'NEW YORK: Oil prices dropped over $2 a barrel on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth. Prices fell even though U.S. data showed a smaller-than-expected build in crude inventories and a bigger-than-expected decline in gasoline stockpiles.Brent futures fell $2.62, or 3.8%, to $66.09 a barrel by 11:15 a.m. EDT (1515 GMT). It settled 1.1% lower on Tuesday after briefly climbing to a 10-week high over $70 during the session.U.S. West Texas Intermediate (WTI) crude fell $2.73, or 4.2%, to $62.76. Earlier in the day WTI was down over 5%.The U.S. Energy Information Administration (EIA) said crude inventories rose 1.3 million barrels last week versus an expected 1.6 million barrel increase, while gasoline inventories dropped 2.0 million barrels versus an expected 0.9 million barrel decline.The American Petroleum Institute (API) industry group late Tuesday reported similar data late on Tuesday.On Tuesday, Brent\'s rise to $70 came on optimism that oil demand would surge with the reopening of the U.S. and European economies. It retreated on fears of slowing fuel demand in Asia where surging COVID-19 cases prompted new restrictions in India, Taiwan, Vietnam and Thailand. Rumors of progress in the Iran nuclear talks also hit prices for awhile on Tuesday, sparking concern that more supply would soon come on the market.""While optimism surrounding the economic re-opening in the West helped drive Brent to $70, the move has proved unsustainable and somewhat irrational given the COVID picture in Asia,"" said OANDA market analyst Sophie Griffiths.""The global picture for demand is probably the most divided it has been since the start of the pandemic.""Analysts have said Iran has the potential to provide about 1-2 million barrels per day (bpd) in additional oil supply if a nuclear deal is struck. Despite this, Russian Deputy Prime Minister Alexander Novak said oil prices were stable and the market had roughly balanced.Uncertainties over inflation also prompted investors to reduce exposure to riskier assets like oil.Westpac economist Justin Smirk said speculation that the Federal Reserve might raise rates because of inflation fears weighed on the outlook for growth and commodities demand.""The Fed\'s very serious (about holding rates low), but the market\'s speculating about earlier movement,"" he said.The Fed has indicated that interest rates will stay at current low levels through 2023 though futures markets show investors believe rates may start to be raised by September 2022.Crude prices also were pressured as the U.S. dollar bounced higher against a basket of currencies, a day after falling to its lowest since January. A stronger dollar makes oil more expensive for holders of other currencies.', 'NEW YORK: Stock indexes fell globally on Wednesday ahead of minutes from the U.S. Federal Reserve, while cryptocurrencies plunged after regulatory moves from China, with bitcoin dropping to its lowest level since January.Equity investors worry that rising inflationary pressures as evidenced by stronger-than-expected consumer price readings could prompt the Fed to pare back its support sooner than many anticipate.""There is no question that inflation worries have creeped into the investor mindset, which will weigh on the tech stocks and in all likelihood we will see yields go up,"" said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.The Fed has stuck to the narrative that a recent rise in inflation would be transient and that it therefore should keep its easy monetary policy settings, and many investors expect minutes from the Fed\'s April\'s meeting to repeat that message.The Dow Jones Industrial Average fell 437.24 points, or 1.28pc, to 33,623.42, the S&P 500 lost 45.5 points, or 1.10pc, to 4,082.33 and the Nasdaq Composite dropped 107.25 points, or 0.81pc, to 13,196.39.The pan-European STOXX 600 index lost 1.52pc and MSCI\'s gauge of stocks across the globe shed 1.05pc.As the global recovery takes hold, British consumer price inflation more than doubled to 1.5pc in April, data showed on Wednesday.     Euro zone inflation picked up the same month, with consumer prices rising 0.6pc month-on-month for a 1.6pc year-on-year increase.Bitcoin plunged to its lowest level since January following China\'s decision to ban financial and payment institutions from providing digital currency services.Rival cryptocurrency Ethereum sank 28pc to $2,444.But the U.S. dollar steadied amid the broad equity market sell-off.The dollar index rose 0.091pc, with the euro down 0.05pc to $1.2214.Yields on U.S. Treasury debt and breakevens, an inflation bellwether, fell as investors took a cautious stance after the plunge in digital currencies.The yield on 10-year Treasury notes fell 2.0 basis points to 1.6216pc and the breakeven rate on five-year U.S. Treasury Inflation-Protected Securities (TIPS) was last at 2.675pc.Oil prices dropped on renewed demand concerns as coronavirus cases in Asia rise. Brent futures were down more than $2 a barrel. U.S. West Texas Intermediate (WTI) crude were also down more than $2 a barrel.U.S. gold futures gained 0.92pc to $1,884.90 an ounce.']","['LONDON oil prices fell for a second day on wednesday on renewed demand concerns as coronavirus cases in asia rise and on fears rising inflation might lead the US federal reserve to raise interest rates, which could limit economic growth.brent crude futures fell $1.08, or 1.5%, to $67.63 a barrel at 1100 GMT. it settled 1.1% lower on tuesday after briefly climbing above $70 earlier in the session.US west texas intermediate (WTI) crude futures dropped $1.05, or 1.6%, to $64.44 a barrel, following a 1.2% fall on Tuesday.Brent rise to $70 was driven by optimism over the reopening of the US and european economies, among the world biggest oil consumers.but it later retreated on fears of slowing fuel demand in asia as Covid-19 cases surge in india, taiwan, vietnam and thailand, prompting a new wave of movement restrictions.""tuesday trade proved again that $70 signals irrational exuberance,"" said vandana hari, energy analyst at vanda Insights.""Assessing the global demand picture remains challenging as reopenings and restrictions across the world are probably the most diverse since the start of the pandemic,"" said Hari.Despite this, russian deputy prime minister alexander novak said oil prices were stable and the market had roughly balanced, with demand slightly exceeding supply.uncertainties over inflation also prompted investors to reduce exposure to riskier assets like oil.westpac economist justin smirk said speculation that the federal reserve might raise rates because of inflation fears weighed on the outlook for growth and in turn on commodities demand.""the fed very serious (about holding rates low), but the market speculating about earlier movement,"" he said.the fed has indicated that interest rates will stay at their current low levels through 2023 though futures markets show investors believe rates may start to be raised by september 2022.investors will also be watching out for the latest US crude and products stocks data from the US energy information administration due on wednesday.', 'canada main stock index fell on wednesday, dragged down by energy stocks after oil prices fell on demand concerns and as data showed inflation rose in April.Inflation in canada rose at its fastest pace in a decade in april, mostly due to the statistical comparison to last year when prices tanked amid pandemic shutdowns, but also as gasoline and shelter costs rose, data showed on Wednesday.At 9 38 a.m. ET (13 38 GMT), the toronto stock exchange S&P/TSX composite index was down 198.19 points, or 1.02%, at 19,308.86.the energy sector dropped 2.4% as US crude prices were down 2.7% a barrel, while brent crude lost 2.5%.aviation training specialist CAE inc fell 6.4% after reporting a 77% drop in fourth-quarter profit, as demand for its full-flight simulators and pilot drills remained stressed due to the COVID-19 pandemic. the materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.6%.on the TSX, 21 issues were higher, while 206 issues declined for a 9.81-to-1 ratio to the downside, with 20.51 million shares traded. the largest percentage gainer on the TSX was wesdome gold mines, which jumped 9.9%, after the expansion of its mine in Quebec.Franco nevada corp rose 2.1% after credit suisse raised its target price to $145 from $130first quantum minerals fell 6.7%, the most on the TSX, after selling the company sold its australia nickel mine stake.the second biggest decliner was nexgen energy, down 6.3%.the most heavily traded shares by volume were enbridge inc , sun life financial and western forest products.the TSX posted one new 52-week high and no new low.across all canadian issues there were 10 new 52-week highs and 17 new lows, with total volume of 41.45 million shares.', 'LONDON oil prices fell for a second day on wednesday on renewed demand concerns as coronavirus cases in asia rise and on fears rising inflation might lead the US federal reserve to raise interest rates, which could limit economic growth.brent crude futures fell 85 cents, or 1.2%, to $67.86 a barrel at 1005 GMT. it settled 1.1% lower on tuesday after briefly climbing above $70 earlier in the session.US west texas intermediate (WTI) crude futures dropped 90 cents, or 1.3%, to $64.59 a barrel, following a 1.2% fall on Tuesday.Brent rise to $70 was driven by optimism over the reopening of the US and european economies, among the world biggest oil consumers. but it later retreated on fears of slowing fuel demand in asia as COVID-19 cases surge in india, taiwan, vietnam and thailand, prompting a new wave of movement restrictions.""yesterday trade proved again that $70 signals irrational exuberance,"" said vandana hari, energy analyst at vanda Insights.""Assessing the global demand picture remains challenging as reopenings and restrictions across the world are probably the most diverse since the start of the pandemic,"" said Hari.Uncertainties over inflation also prompted investors to reduce exposure to riskier assets like oil.""there is a wider risk-off play that going on,"" said westpac senior economist justin Smirk.Smirk said speculation that the federal reserve might raise rates because of inflation fears weighed on the outlook for growth and in turn on commodities demand.""the fed very serious (about holding rates low), but the market speculating about earlier movement,"" he said.the fed has indicated that interest rates will stay at their current low levels through 2023 though futures markets show investors believe rates may start to be raised by september 2022.investors will also be watching out for the latest US crude and products stocks data from the US energy information administration due on wednesday.', 'LONDON oil prices fell by over $2 on wednesday on renewed demand concerns as coronavirus cases in asia rise and on fears rising inflation might lead the US federal reserve to raise interest rates, which could limit economic growth.brent crude futures fell $2.16, or 3.1%, to $66.55 a barrel at 1355 GMT. it settled 1.1% lower on tuesday after briefly climbing above $70 earlier in the session.US west texas intermediate (WTI) crude futures dropped $2.26, or 3.4%, to $63.23 a barrel, following a 1.2% fall on Tuesday.Brent rise to $70 was driven by optimism over the reopening of the US and european economies, among the world biggest oil consumers.but it later retreated on fears of slowing fuel demand in asia as COVID-19 cases surge in india, taiwan, vietnam and thailand, prompting a new wave of movement restrictions.""while optimism surrounding the economic re-opening in the west helped drive brent to $70, the move has proved unsustainable and somewhat irrational given the covid picture in asia,"" said OANDA market analyst sophie Griffiths.""The global picture for demand is probably the most divided it has been since the start of the pandemic.""despite this, russian deputy prime minister alexander novak said oil prices were stable and the market had roughly balanced, with demand slightly exceeding supply.uncertainties over inflation also prompted investors to reduce exposure to riskier assets like oil.westpac economist justin smirk said speculation that the federal reserve might raise rates because of inflation fears weighed on the outlook for growth and in turn on commodities demand.""the fed very serious (about holding rates low), but the market speculating about earlier movement,"" he said.the fed has indicated that interest rates will stay at their current low levels through 2023 though futures markets show investors believe rates may start to be raised by september 2022.investors will also be watching out for the latest US crude and products stocks data from the US energy information administration due on wednesday.', 'NEW YORK oil prices dropped over $2 a barrel on wednesday on renewed demand concerns as coronavirus cases in asia rise and on fears rising inflation might lead the U.S. federal reserve to raise interest rates, which could limit economic growth. prices fell even though U.S. data showed a smaller-than-expected build in crude inventories and a bigger-than-expected decline in gasoline stockpiles.brent futures fell $2.62, or 3.8%, to $66.09 a barrel by 11 15 a.m. EDT (1515 GMT). it settled 1.1% lower on tuesday after briefly climbing to a 10-week high over $70 during the session.U.S. west texas intermediate (WTI) crude fell $2.73, or 4.2%, to $62.76. earlier in the day WTI was down over 5%.the U.S. energy information administration (EIA) said crude inventories rose 1.3 million barrels last week versus an expected 1.6 million barrel increase, while gasoline inventories dropped 2.0 million barrels versus an expected 0.9 million barrel decline.the american petroleum institute (API) industry group late tuesday reported similar data late on Tuesday.On tuesday, brent rise to $70 came on optimism that oil demand would surge with the reopening of the U.S. and european economies. it retreated on fears of slowing fuel demand in asia where surging COVID-19 cases prompted new restrictions in india, taiwan, vietnam and thailand. rumors of progress in the iran nuclear talks also hit prices for awhile on tuesday, sparking concern that more supply would soon come on the market.""while optimism surrounding the economic re-opening in the west helped drive brent to $70, the move has proved unsustainable and somewhat irrational given the COVID picture in asia,"" said OANDA market analyst sophie Griffiths.""The global picture for demand is probably the most divided it has been since the start of the pandemic.""analysts have said iran has the potential to provide about 1-2 million barrels per day (bpd) in additional oil supply if a nuclear deal is struck. despite this, russian deputy prime minister alexander novak said oil prices were stable and the market had roughly balanced.uncertainties over inflation also prompted investors to reduce exposure to riskier assets like oil.westpac economist justin smirk said speculation that the federal reserve might raise rates because of inflation fears weighed on the outlook for growth and commodities demand.""the fed very serious (about holding rates low), but the market speculating about earlier movement,"" he said.the fed has indicated that interest rates will stay at current low levels through 2023 though futures markets show investors believe rates may start to be raised by september 2022.crude prices also were pressured as the U.S. dollar bounced higher against a basket of currencies, a day after falling to its lowest since january. A stronger dollar makes oil more expensive for holders of other currencies.', 'NEW YORK stock indexes fell globally on wednesday ahead of minutes from the U.S. federal reserve, while cryptocurrencies plunged after regulatory moves from china, with bitcoin dropping to its lowest level since January.Equity investors worry that rising inflationary pressures as evidenced by stronger-than-expected consumer price readings could prompt the fed to pare back its support sooner than many anticipate.""there is no question that inflation worries have creeped into the investor mindset, which will weigh on the tech stocks and in all likelihood we will see yields go up,"" said randy frederick, vice president of trading and derivatives for charles schwab in austin, Texas.The fed has stuck to the narrative that a recent rise in inflation would be transient and that it therefore should keep its easy monetary policy settings, and many investors expect minutes from the fed april meeting to repeat that message.the dow jones industrial average fell 437.24 points, or 1.28pc, to 33,623.42, the S&P 500 lost 45.5 points, or 1.10pc, to 4,082.33 and the nasdaq composite dropped 107.25 points, or 0.81pc, to 13,196.39.the pan-European STOXX 600 index lost 1.52pc and MSCI gauge of stocks across the globe shed 1.05pc.as the global recovery takes hold, british consumer price inflation more than doubled to 1.5pc in april, data showed on wednesday. euro zone inflation picked up the same month, with consumer prices rising 0.6pc month-on-month for a 1.6pc year-on-year increase.bitcoin plunged to its lowest level since january following china decision to ban financial and payment institutions from providing digital currency services.rival cryptocurrency ethereum sank 28pc to $2,444.but the U.S. dollar steadied amid the broad equity market sell-off.The dollar index rose 0.091pc, with the euro down 0.05pc to $1.2214.yields on U.S. treasury debt and breakevens, an inflation bellwether, fell as investors took a cautious stance after the plunge in digital currencies.the yield on 10-year treasury notes fell 2.0 basis points to 1.6216pc and the breakeven rate on five-year U.S. treasury Inflation-Protected securities (TIPS) was last at 2.675pc.oil prices dropped on renewed demand concerns as coronavirus cases in asia rise. brent futures were down more than $2 a barrel. U.S. west texas intermediate (WTI) crude were also down more than $2 a barrel.U.S. gold futures gained 0.92pc to $1,884.90 an ounce.']","['https://tribune.com.pk/story/2300626/oil-prices-fall-on-rising-covid-19-infections-in-asia-inflation-fears', 'https://www.brecorder.com/news/40093514/tsx-weighed-by-energy-stocks-inflation-data', 'https://www.brecorder.com/news/40093434/oil-prices-fall-on-rising-covid-19-infections-in-asia-inflation-fears', 'https://www.brecorder.com/news/40093517/oil-prices-fall-2-on-covid-19-rise-in-asia-inflation-fears', 'https://www.brecorder.com/news/40093542/oil-prices-drop-2-on-covid-19-rise-in-asia-inflation-fears', 'https://www.brecorder.com/news/40093546/bitcoin-drops-to-lowest-since-jan-stocks-fall-before-fed-minutes']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices fell', 'oil prices fell', 'oil prices dropped', 'oil prices dropped']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg']",89.76,"[-5.33, -5.33, -5.33, -5.33, -1.61, -1.61]",-4.09,0,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The technical indicators provide mixed signals, with EMA9 suggesting a sell while MACD  indicating a buy. Given the conflicting signals and the negative news impact, we recommend holding the position and monitoring the market closely for further clarity.""
}"
5/24/2021,"['Oil jumps on weather concerns in Gulf of Mexico', 'Oil prices up over $1 amid potential Iran talks hitch', 'Oil prices rise as storm forms in Gulf, doubts emerge on Iran deal', 'Oil prices up over $1 amid potential Iran talks hitch']","['oil jumps on weather concerns in gulf of mexico', 'oil prices up over $1 amid potential iran talks hitch', 'oil prices rise as storm forms in gulf, doubts emerge on iran deal', 'oil prices up over $1 amid potential iran talks hitch']","['Business Recorder', 'Tribune', 'Business Recorder', 'Business Recorder']","['• Market braces for extra 1m bpd Iran supplies in H2NEW YORK: Oil prices jumped 2% on Friday after three days of losses, driven higher as a storm formed in the Gulf of Mexico, but were on track for a weekly fall as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress a nuclear deal.Brent crude futures rose $1.33, or 2%, to $66.36 a barrel by 1:06 p.m. ET (1606 GMT), while US West Texas Intermediate was at $63.54 a barrel, up $1.61, or 2.6%.A weather system forming over the western Gulf of Mexico has a 40% chance of becoming a cyclone in the next 48 hours, the US National Hurricane Center (NHC) said on Friday.""This early storm prompted traders to buy crude ahead of the weekend in anticipation of potential production shut-ins,"" said Phil Flynn, senior analyst at Price Futures Group in Chicago.The gains were limited by the expectation that Iran could add a million or more barrels per day of oil production later this summer.The two contracts are on track to fall about 3% on the week - their biggest loss since March - after Iran\'s president, Hassan Rouhani, said the United States was ready to lift sanctions on his country\'s oil, banking and shipping sectors.US energy firms added oil and natural gas rigs for a fourth week in a row as higher oil prices prompt some drillers to return to the wellpad.The oil and gas rig count, an early indicator of future output, rose two to 455 in the week to May 21, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday.Iran and world powers have been in talks since April on reviving the 2015 deal and the European Union official leading the discussions said on Wednesday he was confident a deal would be reached.Still, investors remain upbeat about fuel demand recovery this summer as vaccination programs in Europe and the United States would allow more people to travel, although rising cases across parts of Asia are raising concerns.Option bets on oil prices rising above $100 for the December 2021 Brent contract have jumped after last week\'s surprisingly strong US inflation data, with open interest on calls nearly tripling in May, JPMorgan analysts said. The bank\'s forecast is for Brent to end 2021 at $74.To reach $100, demand would need to average above 102.6 million bpd in the third quarter and grow to 103.6 million bpd in the fourth quarter, JPMorgan said, in the absence of any additional OPEC+ supply response. It expects Iranian crude and condensate production to rise to 3.2 million barrels per day in December, from around 2.8 million bpd in the first quarter.Barclays expects Brent and WTI oil prices to average $66 a barrel and $62 a barrel, respectively, this year. It cut demand estimates for the Emerging Markets Asia (ex-China) region, flagging the risk of further downside if the recent surge in infections persisted.""Extended mobility restrictions in the region might slow the demand recovery somewhat, but seem unlikely to stall it for a sustained period, given largely positive results of vaccination programs worldwide,"" it said.', 'LONDON:Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs said the case for higher prices remains intact even with increased Iran exports.Brent crude oil futures for July rose $1.25, or 1.9%, to $67.69 a barrel by 0950 GMT, while US West Texas Intermediate for July was at $64.73 a barrel, up $1.15, or 1.8%.Oil prices fell almost 3% last week after Iran\'s President, Hassan Rouhani, said the United States was ready to lift sanctions on his country\'s oil, banking and shipping sectors.However, the speaker of Iran\'s parliament said on Sunday a three-month monitoring deal between Iran and the UN nuclear watchdog had expired and that its access to images from inside some Iranian nuclear sites would cease.European diplomats said last week that failure to agree an extension of the monitoring deal would plunge wider, indirect talks between Washington and Tehran on reviving the 2015 Iran nuclear deal into crisis. Those talks are due to resume in Vienna this week.Former president Donald Trump withdrew the United States from the deal in 2018 and re-imposed sanctions.""All in all, it seems to be only a matter of time before the sides involved put pen to paper on a new nuclear accord,"" said Stephen Brennock of oil broker PVM.""Investors are bracing for a fresh wave of what will surely be heavily discounted Iranian crude ... yet for all this alarmism, an aggressive ramp up in Iranian production and exports is unlikely to stall the drawdown in global oil stocks"".Even with a potential restart of Iran exports, the case for higher oil prices remains intact due to a vaccine-driven increase in global demand, Goldman Sachs analysts said.""Even aggressively assuming a restart in July, we estimate that Brent prices would still reach $80 per barrel in fourth quarter, 2021, with our new base case for an October restart still supporting our $80 per barrel forecast for this summer,"" the bank said in a note. REUTERS', 'SINGAPORE: Oil prices rose on Monday as a storm formed in the Gulf of Mexico and Iran said a three-month nuclear monitoring deal had expired, raising doubts about the future of indirect talks that could end U.S. sanctions on Iranian crude exports.Brent crude oil futures for July rose 32 cents, or 0.5%, to $66.76 a barrel by 0143 GMT, while US West Texas Intermediate for July was at $63.93 a barrel, up 35 cents, or 0.6%.Oil prices fell last week after Iran\'s president, Hassan Rouhani, said the United States was ready to lift sanctions on his country\'s oil, banking and shipping sectors. ""Iran\'s oil production has been rising in recent months, likely in anticipation of a lifting of the sanctions,"" ANZ analysts said in a note on Monday.However, the speaker of Iran\'s parliament said on Sunday a three-month monitoring deal between Tehran and the U.N. nuclear watchdog had expired and that its access to images from inside some Iranian nuclear sites would cease.European diplomats said last week that failure to agree an extension of the monitoring deal would plunge wider, indirect talks between Washington and Tehran on reviving the 2015 Iran nuclear deal into crisis. Those talks are due to resume in Vienna this week.Former President Donald Trump withdrew the United States from the deal in 2018 and re-imposed sanctions.Meanwhile, a low pressure system located over the western Gulf of Mexico with winds of 30-35 miles per hour (48 to 56 km per hour) near and east of the center, has a 60% chance of becoming a cyclone in the next 48 hours, the U.S. National Hurricane Center (NHC) said on Friday. Concerns of rising coronavirus cases in Asia capped price gains.', 'LONDON: Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs said the case for higher prices remains intact even with increased Iran exports.Brent crude oil futures for July rose $1.25, or 1.9%, to $67.69 a barrel by 0950 GMT, while U.S. West Texas Intermediate for July was at $64.73 a barrel, up $1.15, or 1.8%.Oil prices fell almost 3% last week after Iran\'s president, Hassan Rouhani, said the United States was ready to lift sanctions on his country\'s oil, banking and shipping sectors. However, the speaker of Iran\'s parliament said on Sunday a three-month monitoring deal between Iran and the U.N. nuclear watchdog had expired and that its access to images from inside some Iranian nuclear sites would cease.European diplomats said last week that failure to agree an extension of the monitoring deal would plunge wider, indirect talks between Washington and Tehran on reviving the 2015 Iran nuclear deal into crisis. Those talks are due to resume in Vienna this week.Former President Donald Trump withdrew the United States from the deal in 2018 and re-imposed sanctions.""All in all, it seems to be only a matter of time before the sides involved put pen to paper on a new nuclear accord,"" said Stephen Brennock of oil broker PVM.""Investors are bracing for a fresh wave of what will surely be heavily discounted Iranian crude ... yet for all this alarmism, an aggressive ramp up in Iranian production and exports is unlikely to stall the drawdown in global oil stocks"".Even with a potential restart of Iran exports, the case for higher oil prices remains intact due to a vaccine-driven increase in global demand, Goldman Sachs analysts said.""Even aggressively assuming a restart in July, we estimate that Brent prices would still reach $80 per barrel in fourth quarter, 2021, with our new base case for an October restart still supporting our $80 per barrel forecast for this summer,"" the bank said in a note.']","['market braces for extra 1m bpd iran supplies in H2NEW YORK oil prices jumped 2% on friday after three days of losses, driven higher as a storm formed in the gulf of mexico, but were on track for a weekly fall as investors braced for the return of iranian crude supplies after officials said iran and world powers made progress a nuclear deal.brent crude futures rose $1.33, or 2%, to $66.36 a barrel by 1 06 p.m. ET (1606 GMT), while US west texas intermediate was at $63.54 a barrel, up $1.61, or 2.6%.A weather system forming over the western gulf of mexico has a 40% chance of becoming a cyclone in the next 48 hours, the US national hurricane center (NHC) said on Friday.""This early storm prompted traders to buy crude ahead of the weekend in anticipation of potential production shut-ins,"" said phil flynn, senior analyst at price futures group in Chicago.The gains were limited by the expectation that iran could add a million or more barrels per day of oil production later this summer.the two contracts are on track to fall about 3% on the week - their biggest loss since march - after iran president, hassan rouhani, said the united states was ready to lift sanctions on his country oil, banking and shipping sectors.US energy firms added oil and natural gas rigs for a fourth week in a row as higher oil prices prompt some drillers to return to the wellpad.the oil and gas rig count, an early indicator of future output, rose two to 455 in the week to may 21, its highest since april 2020, energy services firm baker hughes co said in its closely followed report on Friday.Iran and world powers have been in talks since april on reviving the 2015 deal and the european union official leading the discussions said on wednesday he was confident a deal would be reached.still, investors remain upbeat about fuel demand recovery this summer as vaccination programs in europe and the united states would allow more people to travel, although rising cases across parts of asia are raising concerns.option bets on oil prices rising above $100 for the december 2021 brent contract have jumped after last week surprisingly strong US inflation data, with open interest on calls nearly tripling in may, JPMorgan analysts said. the bank forecast is for brent to end 2021 at $74.to reach $100, demand would need to average above 102.6 million bpd in the third quarter and grow to 103.6 million bpd in the fourth quarter, JPMorgan said, in the absence of any additional OPEC+ supply response. it expects iranian crude and condensate production to rise to 3.2 million barrels per day in december, from around 2.8 million bpd in the first quarter.barclays expects brent and WTI oil prices to average $66 a barrel and $62 a barrel, respectively, this year. it cut demand estimates for the emerging markets asia (ex-China) region, flagging the risk of further downside if the recent surge in infections persisted.""extended mobility restrictions in the region might slow the demand recovery somewhat, but seem unlikely to stall it for a sustained period, given largely positive results of vaccination programs worldwide,"" it said.', 'LONDON oil prices rose on monday as a potential snag emerged in reviving the 2015 iran nuclear deal that could add more oil supply, while goldman sachs said the case for higher prices remains intact even with increased iran exports.brent crude oil futures for july rose $1.25, or 1.9%, to $67.69 a barrel by 0950 GMT, while US west texas intermediate for july was at $64.73 a barrel, up $1.15, or 1.8%.oil prices fell almost 3% last week after iran president, hassan rouhani, said the united states was ready to lift sanctions on his country oil, banking and shipping sectors.however, the speaker of iran parliament said on sunday a three-month monitoring deal between iran and the UN nuclear watchdog had expired and that its access to images from inside some iranian nuclear sites would cease.european diplomats said last week that failure to agree an extension of the monitoring deal would plunge wider, indirect talks between washington and tehran on reviving the 2015 iran nuclear deal into crisis. those talks are due to resume in vienna this week.former president donald trump withdrew the united states from the deal in 2018 and re-imposed sanctions.""all in all, it seems to be only a matter of time before the sides involved put pen to paper on a new nuclear accord,"" said stephen brennock of oil broker PVM.""Investors are bracing for a fresh wave of what will surely be heavily discounted iranian crude . yet for all this alarmism, an aggressive ramp up in iranian production and exports is unlikely to stall the drawdown in global oil stocks"".even with a potential restart of iran exports, the case for higher oil prices remains intact due to a vaccine-driven increase in global demand, goldman sachs analysts said.""even aggressively assuming a restart in july, we estimate that brent prices would still reach $80 per barrel in fourth quarter, 2021, with our new base case for an october restart still supporting our $80 per barrel forecast for this summer,"" the bank said in a note. REUTERS', 'SINGAPORE oil prices rose on monday as a storm formed in the gulf of mexico and iran said a three-month nuclear monitoring deal had expired, raising doubts about the future of indirect talks that could end U.S. sanctions on iranian crude exports.brent crude oil futures for july rose 32 cents, or 0.5%, to $66.76 a barrel by 0143 GMT, while US west texas intermediate for july was at $63.93 a barrel, up 35 cents, or 0.6%.oil prices fell last week after iran president, hassan rouhani, said the united states was ready to lift sanctions on his country oil, banking and shipping sectors. ""iran oil production has been rising in recent months, likely in anticipation of a lifting of the sanctions,"" ANZ analysts said in a note on Monday.However, the speaker of iran parliament said on sunday a three-month monitoring deal between tehran and the U.N. nuclear watchdog had expired and that its access to images from inside some iranian nuclear sites would cease.european diplomats said last week that failure to agree an extension of the monitoring deal would plunge wider, indirect talks between washington and tehran on reviving the 2015 iran nuclear deal into crisis. those talks are due to resume in vienna this week.former president donald trump withdrew the united states from the deal in 2018 and re-imposed sanctions.meanwhile, a low pressure system located over the western gulf of mexico with winds of 30-35 miles per hour (48 to 56 km per hour) near and east of the center, has a 60% chance of becoming a cyclone in the next 48 hours, the U.S. national hurricane center (NHC) said on friday. concerns of rising coronavirus cases in asia capped price gains.', 'LONDON oil prices rose on monday as a potential snag emerged in reviving the 2015 iran nuclear deal that could add more oil supply, while goldman sachs said the case for higher prices remains intact even with increased iran exports.brent crude oil futures for july rose $1.25, or 1.9%, to $67.69 a barrel by 0950 GMT, while U.S. west texas intermediate for july was at $64.73 a barrel, up $1.15, or 1.8%.oil prices fell almost 3% last week after iran president, hassan rouhani, said the united states was ready to lift sanctions on his country oil, banking and shipping sectors. however, the speaker of iran parliament said on sunday a three-month monitoring deal between iran and the U.N. nuclear watchdog had expired and that its access to images from inside some iranian nuclear sites would cease.european diplomats said last week that failure to agree an extension of the monitoring deal would plunge wider, indirect talks between washington and tehran on reviving the 2015 iran nuclear deal into crisis. those talks are due to resume in vienna this week.former president donald trump withdrew the united states from the deal in 2018 and re-imposed sanctions.""all in all, it seems to be only a matter of time before the sides involved put pen to paper on a new nuclear accord,"" said stephen brennock of oil broker PVM.""Investors are bracing for a fresh wave of what will surely be heavily discounted iranian crude . yet for all this alarmism, an aggressive ramp up in iranian production and exports is unlikely to stall the drawdown in global oil stocks"".even with a potential restart of iran exports, the case for higher oil prices remains intact due to a vaccine-driven increase in global demand, goldman sachs analysts said.""even aggressively assuming a restart in july, we estimate that brent prices would still reach $80 per barrel in fourth quarter, 2021, with our new base case for an october restart still supporting our $80 per barrel forecast for this summer,"" the bank said in a note.']","['https://www.brecorder.com/news/40094347/oil-jumps-on-weather-concerns-in-gulf-of-mexico', 'https://tribune.com.pk/story/2301323/oil-prices-up-over-1-amid-potential-iran-talks-hitch', 'https://www.brecorder.com/news/40094715/oil-prices-rise-as-storm-forms-in-gulf-doubts-emerge-on-iran-deal', 'https://www.brecorder.com/news/40094735/oil-prices-up-over-1-amid-potential-iran-talks-hitch']","['brent, , ']","['oil prices jumped', 'oil prices fell', 'oil prices fell', 'oil prices fell']","['pos', 'neg', 'neg', 'neg']",90.02,"[5.65, -5.33, -5.33, -5.33]",-2.58,0,-3,0,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""Considering the technical indicators and news sentiment, it's advisable to maintain the current position without making any changes.""
}"
5/25/2021,"['Oil near one-week high as prospect of Iran glut wanes', 'Oil near one-week high as prospect of Iran glut wanes']","['oil near one-week high as prospect of iran glut wanes', 'oil near one-week high as prospect of iran glut wanes']","['Tribune', 'Business Recorder']","['LONDON:Oil prices slipped on Tuesday, but were near one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets.Brent crude futures were down $0.2, or 0.3%, at $68.26 a barrel by 1223 GMT, having jumped 3% on Monday. US West Texas Intermediate futures were off $0.29, or 0.4%, at $65.76 a barrel, after gaining 3.9% the previous session.Indirect negotiations between the United States and Iran are due to resume in Vienna this week. Talks were given another life after Tehran and the UN nuclear agency extended a monitoring agreement on the Middle Eastern country\'s atomic programme.US Secretary of State Antony Blinken on Sunday said the United States has not seen yet whether Iran will move to comply with its nuclear commitments in order to have sanctions removed even as ongoing talks have shown progress.  ""It seems that the market no longer expects the nuclear agreement between the US and Iran to be reinstated in the near future, or therefore that Iranian oil exports will quickly return to the global market,"" Commerzbank said in a note.Still, the global recovery from the Covid-19 pandemic is patchy, indicating a mixed outlook for oil demand.Parts of Europe and the United States are recording fewer infections and deaths, prompting governments to ease restrictions, but in other areas such as India - the world\'s third-biggest oil importer - rates are still high.New coronavirus infections in India rose by 222,315, government data showed on Monday, the world\'s biggest 24-hour increase, though numbers have fallen off highs of over 400,000 earlier this month.  The German economy shrank more than expected in the first quarter as coronavirus-related restrictions spurred householders to put more money than ever into savings, data showed on Tuesday.', 'LONDON: Oil prices slipped on Tuesday, but were near one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets.Brent crude futures were down 30 cents, or 0.4%, at $68.16 a barrel by 1004 GMT, having jumped 3% on Monday. US West Texas Intermediate futures were off 42 cents, or 0.6%, at $65.63 a barrel, after gaining 3.9% the previous session.Indirect negotiations between the United States and Iran are due to resume in Vienna this week. Talks were given another life after Tehran and the UN nuclear agency extended a monitoring agreement on the Middle Eastern country\'s atomic programme.US Secretary of State Antony Blinken on Sunday said the United States has not seen yet whether Iran will move to comply with its nuclear commitments in order to have sanctions removed even as ongoing talks have shown progress.""It seems that the market no longer expects the nuclear agreement between the US and Iran to be reinstated in the near future, or therefore that Iranian oil exports will quickly return to the global market,"" Commerzbank said in a note.Still, the global recovery from the COVID-19 pandemic is patchy, indicating a mixed outlook for oil demand.Parts of Europe and the United States are recording fewer infections and deaths, prompting governments to ease restrictions, but in other areas such as India - the world\'s third-biggest oil importer - rates are still high.New coronavirus infections in India rose by 222,315, government data showed on Monday, the world\'s biggest 24-hour increase, though numbers have fallen off highs of over 400,000 earlier this month.The German economy shrank more than expected in the first quarter as coronavirus-related restrictions spurred householders to put more money than ever into savings, data showed on Tuesday.']","['LONDON oil prices slipped on tuesday, but were near one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter iran to international crude markets.brent crude futures were down $0.2, or 0.3%, at $68.26 a barrel by 1223 GMT, having jumped 3% on monday. US west texas intermediate futures were off $0.29, or 0.4%, at $65.76 a barrel, after gaining 3.9% the previous session.indirect negotiations between the united states and iran are due to resume in vienna this week. talks were given another life after tehran and the UN nuclear agency extended a monitoring agreement on the middle eastern country atomic programme.US secretary of state antony blinken on sunday said the united states has not seen yet whether iran will move to comply with its nuclear commitments in order to have sanctions removed even as ongoing talks have shown progress. ""it seems that the market no longer expects the nuclear agreement between the US and iran to be reinstated in the near future, or therefore that iranian oil exports will quickly return to the global market,"" commerzbank said in a note.still, the global recovery from the Covid-19 pandemic is patchy, indicating a mixed outlook for oil demand.parts of europe and the united states are recording fewer infections and deaths, prompting governments to ease restrictions, but in other areas such as india - the world third-biggest oil importer - rates are still high.new coronavirus infections in india rose by 222,315, government data showed on monday, the world biggest 24-hour increase, though numbers have fallen off highs of over 400,000 earlier this month. the german economy shrank more than expected in the first quarter as coronavirus-related restrictions spurred householders to put more money than ever into savings, data showed on tuesday.', 'LONDON oil prices slipped on tuesday, but were near one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter iran to international crude markets.brent crude futures were down 30 cents, or 0.4%, at $68.16 a barrel by 1004 GMT, having jumped 3% on monday. US west texas intermediate futures were off 42 cents, or 0.6%, at $65.63 a barrel, after gaining 3.9% the previous session.indirect negotiations between the united states and iran are due to resume in vienna this week. talks were given another life after tehran and the UN nuclear agency extended a monitoring agreement on the middle eastern country atomic programme.US secretary of state antony blinken on sunday said the united states has not seen yet whether iran will move to comply with its nuclear commitments in order to have sanctions removed even as ongoing talks have shown progress.""it seems that the market no longer expects the nuclear agreement between the US and iran to be reinstated in the near future, or therefore that iranian oil exports will quickly return to the global market,"" commerzbank said in a note.still, the global recovery from the COVID-19 pandemic is patchy, indicating a mixed outlook for oil demand.parts of europe and the united states are recording fewer infections and deaths, prompting governments to ease restrictions, but in other areas such as india - the world third-biggest oil importer - rates are still high.new coronavirus infections in india rose by 222,315, government data showed on monday, the world biggest 24-hour increase, though numbers have fallen off highs of over 400,000 earlier this month.the german economy shrank more than expected in the first quarter as coronavirus-related restrictions spurred householders to put more money than ever into savings, data showed on tuesday.']","['https://tribune.com.pk/story/2301554/oil-near-one-week-high-as-prospect-of-iran-glut-wanes', 'https://www.brecorder.com/news/40095046/oil-near-one-week-high-as-prospect-of-iran-glut-wanes']","['brent, , ']","['oil prices slip', 'oil prices slip']","['neg', 'neg']",90.14,"[-1.78, -1.78]",-1.78,0,-3,-2,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news sentiment is negative but not significantly low. The market signal also suggests a neutral stance. Hence, we recommend holding the position and closely monitoring the market for any significant changes in sentiment.""
}"
5/26/2021,"['Rouble steadies ahead of OFZ auctions, MOEX hits record high', 'Oil falls as Iranian supply prospect outweighs demand optimism']","['rouble steadies ahead of OFZ auctions, MOEX hits record high', 'oil falls as iranian supply prospect outweighs demand optimism']","['Business Recorder', 'Business Recorder']","['MOSCOW: The Russian rouble steadied on Wednesday ahead of government bond auctions, while the MOEX stock index hit a new record high amid a recovery in oil prices.At 0748 GMT, the rouble was 0.1% stronger against the dollar at 73.42, staying in the 73-74 range for more than a week.Versus the euro, the rouble was 0.1% firmer at 89.91 , compared to levels of around 80 seen a year ago.The finance ministry is in focus. It will offer two series of OFZ treasury bonds, the papers that US banks will no longer be able to buy directly from Russia after June 14 because of sanctions.Yields on 10-year benchmark OFZ bonds, which move inversely with their prices, have stabilised in the 7.1%-7.2% range in the past few weeks, below 2021 highs of 7.4% seen in early April .""In general, the balance of key factors for the market looks more comfortable now than a few weeks ago, but this hasn\'t brought buyers, only decrease in market volatility,"" Rosbank said in a note.Brent crude oil, a global benchmark for Russia\'s main export, was up 0.5% at $68.96 a barrel, as worries about an increase in supplies from Iran were offset by optimism about improving US fuel demand.Russian stock indexes were up, with the rouble-based MOEX Russian index reaching a record high of 3,717.33 points, before retreating to 3,706.6, up 0.5% on the day.The dollar-denominated RTS index rose 0.6% to 1,589.8 points.Russia\'s stock market will climb to fresh highs this year thanks to higher commodity prices and still-low interest rates globally, although there are risks of a downside correction, a Reuters poll of market experts showed.', 'LONDON: Oil prices slipped on Wednesday as worries that a possible return of Iranian supply would cause a glut outweighed expectations of improving US fuel demand that were reinforced by a drop in weekly inventory estimates.Brent fell 40 cents, or 0.6%, to $68.25 a barrel by 1315 GMT, and US West Texas Intermediate (WTI) crude was down 52 cents, or 0.8%, at $65.55 a barrel.""The potential for a return of Iranian oil supply into the market has been keeping oil prices from gaining further,"" said ING analyst Warren Patterson.Market players are also closely watching developments in Iranian-US nuclear talks which could lead to lifting sanctions on Iran\'s energy industry and more Iranian oil on the market.Iran\'s government spokesman Ali Rabiei said he was optimistic Tehran would reach an agreement soon, although Iran\'s top negotiator said serious issues remained.Iran and global powers have held talks in Vienna since April to work out steps Tehran must take on nuclear activities and Washington should take on sanctions to return to full compliance with the pact Iran reached with world powers in 2015.Russia said the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, should consider a possible increase in Iranian output when assessing further steps.OPEC+ is bringing back 2.1 million barrels per day (bpd) of oil production through July, easing cuts to 5.8 million bpd. Their next meeting is set for June 1.Analysts have said Iran could provide additional supply of about 1 million to 2 million bpd if a deal is struck.However, prices found some support earlier in the session from lifting of coronavirus curbs and a rise of demand ahead of the northern hemisphere\'s summer driving season.US crude oil and fuel inventories fell last week, two market sources said, citing American Petroleum Institute figures.Crude stocks fell by 439,000 barrels in the week ended May 21, gasoline inventories fell by 2 million barrels and distillate stocks dropped by 5.1 million barrels, the sources said.""In our view, the fundamental situation on the oil market remains balanced,"" said Commerzbank analyst Eugen Weinberg, adding that Brent ""will make a renewed bid for the $70 per barrel mark in the next few days.""']","['MOSCOW the russian rouble steadied on wednesday ahead of government bond auctions, while the MOEX stock index hit a new record high amid a recovery in oil prices.at 0748 GMT, the rouble was 0.1% stronger against the dollar at 73.42, staying in the 73-74 range for more than a week.versus the euro, the rouble was 0.1% firmer at 89.91 , compared to levels of around 80 seen a year ago.the finance ministry is in focus. it will offer two series of OFZ treasury bonds, the papers that US banks will no longer be able to buy directly from russia after june 14 because of sanctions.yields on 10-year benchmark OFZ bonds, which move inversely with their prices, have stabilised in the 7.1%-7.2% range in the past few weeks, below 2021 highs of 7.4% seen in early april .""in general, the balance of key factors for the market looks more comfortable now than a few weeks ago, but this hasn\'t brought buyers, only decrease in market volatility,"" rosbank said in a note.brent crude oil, a global benchmark for russia main export, was up 0.5% at $68.96 a barrel, as worries about an increase in supplies from iran were offset by optimism about improving US fuel demand.russian stock indexes were up, with the rouble-based MOEX russian index reaching a record high of 3,717.33 points, before retreating to 3,706.6, up 0.5% on the day.the dollar-denominated RTS index rose 0.6% to 1,589.8 points.russia stock market will climb to fresh highs this year thanks to higher commodity prices and still-low interest rates globally, although there are risks of a downside correction, a reuters poll of market experts showed.', 'LONDON oil prices slipped on wednesday as worries that a possible return of iranian supply would cause a glut outweighed expectations of improving US fuel demand that were reinforced by a drop in weekly inventory estimates.brent fell 40 cents, or 0.6%, to $68.25 a barrel by 1315 GMT, and US west texas intermediate (WTI) crude was down 52 cents, or 0.8%, at $65.55 a barrel.""the potential for a return of iranian oil supply into the market has been keeping oil prices from gaining further,"" said ING analyst warren Patterson.Market players are also closely watching developments in Iranian-US nuclear talks which could lead to lifting sanctions on iran energy industry and more iranian oil on the market.iran government spokesman ali rabiei said he was optimistic tehran would reach an agreement soon, although iran top negotiator said serious issues remained.iran and global powers have held talks in vienna since april to work out steps tehran must take on nuclear activities and washington should take on sanctions to return to full compliance with the pact iran reached with world powers in 2015.russia said the organization of the petroleum exporting countries and its allies, a group known as OPEC+, should consider a possible increase in iranian output when assessing further steps.OPEC+ is bringing back 2.1 million barrels per day (bpd) of oil production through july, easing cuts to 5.8 million bpd. their next meeting is set for june 1.analysts have said iran could provide additional supply of about 1 million to 2 million bpd if a deal is struck.however, prices found some support earlier in the session from lifting of coronavirus curbs and a rise of demand ahead of the northern hemisphere summer driving season.US crude oil and fuel inventories fell last week, two market sources said, citing american petroleum institute figures.crude stocks fell by 439,000 barrels in the week ended may 21, gasoline inventories fell by 2 million barrels and distillate stocks dropped by 5.1 million barrels, the sources said.""in our view, the fundamental situation on the oil market remains balanced,"" said commerzbank analyst eugen weinberg, adding that brent ""will make a renewed bid for the $70 per barrel mark in the next few days.""']","['https://www.brecorder.com/news/40095386/rouble-steadies-ahead-of-ofz-auctions-moex-hits-record-high', 'https://www.brecorder.com/news/40095413/oil-falls-as-iranian-supply-prospect-outweighs-demand-optimism']","['brent, , ']","['recovery in oil prices', 'oil prices slip']","['pos', 'neg']",93.1,"[2.63, -1.78]",0.42,-1,3,-3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The technical indicators provide mixed signals, with EMA55 and MACD suggesting a sell while EMA9  indicating a buy. Given the conflicting signals and the neutral news impact, we recommend holding the position and monitoring the market closely for further clarity.""
}"
6/4/2021,"['Oil extends gains on OPEC+ discipline and demand hopes', 'Oil extends gains on OPEC+ discipline and demand hopes', 'Oil hits two-year high above $72 on OPEC+ discipline, demand hopes', 'Oil steadies after mixed US crude inventory report']","['oil extends gains on OPEC+ discipline and demand hopes', 'oil extends gains on OPEC+ discipline and demand hopes', 'oil hits two-year high above $72 on OPEC+ discipline, demand hopes', 'oil steadies after mixed US crude inventory report']","['Tribune', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['LONDON:Oil extended gains above $71 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy Covid-19 vaccination rollout around the globe.The Organisation of the Petroleum Exporting Countries (OPEC) and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday showed US crude inventories dropped more than expected last week.Brent crude rose $0.12, or 0.2%, to $71.43 a barrel by 1142 GMT. It reached an intra-day high of $71.99 on Thursday, the highest since May 2019. US West Texas Intermediate crude was up $0.23, or 0.3%, at $69.04.""After much dilly-dallying, Brent appears to have found a new home above $70,"" said Stephen Brennock of oil broker PVM.""Summer and the reopening of the global economy is bullish for oil demand in the second half of the year.""For the week, Brent is on track for a gain of more than 2.8% and US crude is heading for a 4% rise. It is the second week of gains for both contracts.""Oil prices are finding a tailwind from the clear signs that demand is making a solid recovery,"" Commerzbank said.Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran\'s nuclear programme, which reduced expectations of a rise in Iranian oil supply.In focus later on Friday will be US jobs figures for May. The consensus forecast for non-farm payrolls, due at 1230 GMT, is that about 650,000 jobs were added in May.  While rising demand and the fast pace of vaccinations in countries such as the United States have boosted oil, a slower inoculation rollout and high infections in the likes of Brazil and India are hitting demand in high-growth oil markets.', 'LONDON: Oil extended gains above $71 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe.The Organization of the Petroleum Exporting Countries (OPEC) and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday showed US crude inventories dropped more than expected last week.Brent crude rose 12 cents, or 0.2%, to $71.43 a barrel by 1142 GMT. It reached an intra-day high of $71.99 on Thursday, the highest since May 2019. US West Texas Intermediate crude was up 23 cents, or 0.3%, at $69.04.""After much dilly-dallying, Brent appears to have found a new home above $70,"" said Stephen Brennock of oil broker PVM.""Summer and the reopening of the global economy is bullish for oil demand in the second half of the year.""For the week, Brent is on track for a gain of more than 2.8% and US crude is heading for a 4% rise. It is the second week of gains for both contracts.""Oil prices are finding a tailwind from the clear signs that demand is making a solid recovery,"" Commerzbank said.Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran\'s nuclear programme, which reduced expectations of a rise in Iranian oil supply.In focus later on Friday will be US jobs figures for May. The consensus forecast for non-farm payrolls, due at 1230 GMT, is that about 650,000 jobs were added in May.While rising demand and the fast pace of vaccinations in countries such as the United States have boosted oil, a slower inoculation rollout and high infections in the likes of Brazil and India are hitting demand in high-growth oil markets.', 'LONDON: Oil extended gains on Friday, topping $72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe.The Organization of the Petroleum Exporting Countries (OPEC) and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday showed US crude inventories dropped more than expected last week.Brent crude rose 65 cents, or 0.9%, to $71.96 a barrel by 1350 GMT. It reached an intra-day high of $72.17, the highest since May 2019. US West Texas Intermediate crude was up 78 cents, or 1.1%, at $69.59 and earlier touched $69.76, the highest since October 2018.""After much dilly-dallying, Brent appears to have found a new home above $70,"" said Stephen Brennock of oil broker PVM. ""Summer and the reopening of the global economy is bullish for oil demand in the second half of the year.""Brent is on track for a gain on the week of more than 3.2% and US crude is heading for a 5% rise. It is the second week of gains for both contracts.""Oil prices are finding a tailwind from the clear signs that demand is making a solid recovery,"" Commerzbank said.Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran\'s nuclear programme, which reduced expectations of a rise in Iranian oil supply.Oil extended gains after US jobs figures showed nonfarm payrolls increased by 559,000 jobs last month. The US dollar weakened after the report, making oil cheaper for holders of other currencies and lending support to oil prices.While rising demand and the fast pace of vaccinations in countries such as the United States have boosted oil, a slower inoculation rollout and high infections in the likes of Brazil and India are hitting demand in high-growth oil markets.', 'NEW YORK: Oil prices steadied on Thursday following two straight days of gains that took oil futures to highs not seen in a year, after weekly US crude stocks fell sharply while fuel inventories rose more than expected.Brent futures settled at $71.31 a barrel, down 4 cents after touching its highest since May 2019 earlier in the session. US crude settled at $68.81 a barrel, losing 2 cents. WTI prices rose as high as $69.40, the strongest since October 2018, after gaining 1.5% in the previous session.US crude inventories dropped by 5.1 million barrels last week, compared with expectations for a decrease of 2.4 million barrels, while gasoline stocks grew by 1.5 million barrels and distillate stockpiles jumped by 3.7 million barrels.“They burned through a lot of crude oil though, and we had builds in gasoline and distillate,â€Â\x9d Bob Yawger, director of energy futures at Mizuho in New York. “You don’t want to be burning that much crude and then the customers don’t want it.â€Â\x9dGasoline demand jumped last month on panic buying following the closure of the Colonial Pipeline, the largest US refined products line, which meant drivers were less likely to need to fill up their tanks over Memorial Day weekend, the start of peak summer driving season.“Gasoline demand was off week-over-week which may disappoint some people, but it’s still solid,â€Â\x9d said Phil Flynn, senior analyst at Price Futures Group in Chicago.Oil prices have risen in recent days on expectations from forecasters, including the Organization of the Petroleum Exporting Countries (OPEC) and its allies, that oil demand will exceed supply in the second half of 2021.OPEC+ agreed on Tuesday to continue with plans to ease supply curbs through July, giving oil prices a boost, in anticipation of improved consumption.The OPEC+ meeting lasted 20 minutes, the quickest in the group’s history, suggesting strong compliance among members and the conviction that demand will recover once the Covid-19 pandemic shows sign of abating.Also supporting prices was a slowdown in talks between the United States and Iran over Tehran’s nuclear program, which reduced expectations for a return of Iranian oil supplies to the market this year.']","['LONDON oil extended gains above $71 a barrel on friday, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy Covid-19 vaccination rollout around the globe.the organisation of the petroleum exporting countries (OPEC) and allies on tuesday said they would stick to agreed supply restraints. A weekly supply report on thursday showed US crude inventories dropped more than expected last week.brent crude rose $0.12, or 0.2%, to $71.43 a barrel by 1142 GMT. it reached an intra-day high of $71.99 on thursday, the highest since may 2019. US west texas intermediate crude was up $0.23, or 0.3%, at $69.04.""after much dilly-dallying, brent appears to have found a new home above $70,"" said stephen brennock of oil broker PVM.""Summer and the reopening of the global economy is bullish for oil demand in the second half of the year.""for the week, brent is on track for a gain of more than 2.8% and US crude is heading for a 4% rise. it is the second week of gains for both contracts.""oil prices are finding a tailwind from the clear signs that demand is making a solid recovery,"" commerzbank said.also boosting oil this week was a slowdown in talks between the united states and iran over tehran nuclear programme, which reduced expectations of a rise in iranian oil supply.in focus later on friday will be US jobs figures for may. the consensus forecast for non-farm payrolls, due at 1230 GMT, is that about 650,000 jobs were added in may. while rising demand and the fast pace of vaccinations in countries such as the united states have boosted oil, a slower inoculation rollout and high infections in the likes of brazil and india are hitting demand in high-growth oil markets.', 'LONDON oil extended gains above $71 a barrel on friday, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe.the organization of the petroleum exporting countries (OPEC) and allies on tuesday said they would stick to agreed supply restraints. A weekly supply report on thursday showed US crude inventories dropped more than expected last week.brent crude rose 12 cents, or 0.2%, to $71.43 a barrel by 1142 GMT. it reached an intra-day high of $71.99 on thursday, the highest since may 2019. US west texas intermediate crude was up 23 cents, or 0.3%, at $69.04.""after much dilly-dallying, brent appears to have found a new home above $70,"" said stephen brennock of oil broker PVM.""Summer and the reopening of the global economy is bullish for oil demand in the second half of the year.""for the week, brent is on track for a gain of more than 2.8% and US crude is heading for a 4% rise. it is the second week of gains for both contracts.""oil prices are finding a tailwind from the clear signs that demand is making a solid recovery,"" commerzbank said.also boosting oil this week was a slowdown in talks between the united states and iran over tehran nuclear programme, which reduced expectations of a rise in iranian oil supply.in focus later on friday will be US jobs figures for may. the consensus forecast for non-farm payrolls, due at 1230 GMT, is that about 650,000 jobs were added in May.While rising demand and the fast pace of vaccinations in countries such as the united states have boosted oil, a slower inoculation rollout and high infections in the likes of brazil and india are hitting demand in high-growth oil markets.', 'LONDON oil extended gains on friday, topping $72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe.the organization of the petroleum exporting countries (OPEC) and allies on tuesday said they would stick to agreed supply restraints. A weekly supply report on thursday showed US crude inventories dropped more than expected last week.brent crude rose 65 cents, or 0.9%, to $71.96 a barrel by 1350 GMT. it reached an intra-day high of $72.17, the highest since may 2019. US west texas intermediate crude was up 78 cents, or 1.1%, at $69.59 and earlier touched $69.76, the highest since october 2018.""after much dilly-dallying, brent appears to have found a new home above $70,"" said stephen brennock of oil broker PVM. ""summer and the reopening of the global economy is bullish for oil demand in the second half of the year.""brent is on track for a gain on the week of more than 3.2% and US crude is heading for a 5% rise. it is the second week of gains for both contracts.""oil prices are finding a tailwind from the clear signs that demand is making a solid recovery,"" commerzbank said.also boosting oil this week was a slowdown in talks between the united states and iran over tehran nuclear programme, which reduced expectations of a rise in iranian oil supply.oil extended gains after US jobs figures showed nonfarm payrolls increased by 559,000 jobs last month. the US dollar weakened after the report, making oil cheaper for holders of other currencies and lending support to oil prices.while rising demand and the fast pace of vaccinations in countries such as the united states have boosted oil, a slower inoculation rollout and high infections in the likes of brazil and india are hitting demand in high-growth oil markets.', 'NEW YORK oil prices steadied on thursday following two straight days of gains that took oil futures to highs not seen in a year, after weekly US crude stocks fell sharply while fuel inventories rose more than expected.brent futures settled at $71.31 a barrel, down 4 cents after touching its highest since may 2019 earlier in the session. US crude settled at $68.81 a barrel, losing 2 cents. WTI prices rose as high as $69.40, the strongest since october 2018, after gaining 1.5% in the previous session.US crude inventories dropped by 5.1 million barrels last week, compared with expectations for a decrease of 2.4 million barrels, while gasoline stocks grew by 1.5 million barrels and distillate stockpiles jumped by 3.7 million barrels.they burned through a lot of crude oil though, and we had builds in gasoline and distillate, bob yawger, director of energy futures at mizuho in new york. you dont want to be burning that much crude and then the customers dont want it.gasoline demand jumped last month on panic buying following the closure of the colonial pipeline, the largest US refined products line, which meant drivers were less likely to need to fill up their tanks over memorial day weekend, the start of peak summer driving season.gasoline demand was off week-over-week which may disappoint some people, but its still solid, said phil flynn, senior analyst at price futures group in Chicago.Oil prices have risen in recent days on expectations from forecasters, including the organization of the petroleum exporting countries (OPEC) and its allies, that oil demand will exceed supply in the second half of 2021.OPEC+ agreed on tuesday to continue with plans to ease supply curbs through july, giving oil prices a boost, in anticipation of improved consumption.the OPEC+ meeting lasted 20 minutes, the quickest in the groups history, suggesting strong compliance among members and the conviction that demand will recover once the Covid-19 pandemic shows sign of abating.also supporting prices was a slowdown in talks between the united states and iran over tehrans nuclear program, which reduced expectations for a return of iranian oil supplies to the market this year.']","['https://tribune.com.pk/story/2303494/oil-extends-gains-on-opec-discipline-and-demand-hopes', 'https://www.brecorder.com/news/40097850/oil-extends-gains-on-opec-discipline-and-demand-hopes', 'https://www.brecorder.com/news/40097871/oil-hits-two-year-high-above-72-on-opec-discipline-demand-hopes', 'https://www.brecorder.com/news/40097729/oil-steadies-after-mixed-us-crude-inventory-report']","['brent, , ']","['bullish for oil', 'bullish for oil', 'bullish for oil', 'US crude stocks fell']","['pos', 'pos', 'pos', 'neg']",97.46,"[4.79, 4.79, 4.79, -1.04]",3.33,3,3,3,-2,
6/7/2021,"['Oil hits two-year high on OPEC+ discipline, demand hopes']","['oil hits two-year high on OPEC+ discipline, demand hopes']",['Business Recorder'],"['NEW YORK: Oil extended gains on Friday, topping $72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about patchy Covid-19 vaccination rollout around the globe.The Organization of the Petroleum Exporting Countries and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday showed US crude inventories dropped more than expected last week.Oil extended gains after US jobs figures showed nonfarm payrolls increased by 559,000 jobs last month. The US dollar weakened after the report, making oil cheaper for holders of other currencies and lending support to oil prices.Brent crude was up 29 cents, or 0.4%, at $71.60 a barrel by 11:12 a.m. (1512 GMT), after earlier touching $72.17, its highest since May 2019.US West Texas Intermediate crude was up 51 cents, or 0.7%, at $69.32, and earlier hit $69.76, its highest since October 2018.“After much dilly-dallying, Brent appears to have found a new home above $70,â€Â\x9d said Stephen Brennock of oil broker PVM. “Summer and the reopening of the global economy is bullish for oil demand in the second half of the year.â€Â\x9dBrent was on track for a weekly gain of more than 2.5% and US crude headed for a 4% rise. It is the second week of gains for both contracts. Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran’s nuclear programme, which reduced expectations of a return of Iranian oil supply.“Energy markets are locked in on Iran nuclear talks that should pick up next week,â€Â\x9d Edward Moya, senior market analyst at OANDA said.“The fifth round of negotiations will heat up next week and that should keep oil prices supported as Tehran will stick to their red lines for restoring the nuclear deal.â€Â\x9dMeanwhile, US crude output is likely to grow more slowly than previously expected as shale producers have added only a limited number of extra rigs and production, opting to push for higher prices and profits instead. Baker Hughes’ weekly rig count is due at about 1 p.m.While rising demand and the fast pace of vaccinations in countries such as the United States have boosted oil, a slower inoculation rollout and high infections in the likes of Brazil and India are hitting demand in high-growth oil markets.“Not every country in the world is on a full recovery mode yet, but at the moment no hiccup seems able to reverse the bullish momentum ushered in by strong summer demand,â€Â\x9d Rystad Energy’s oil markets analyst Louise Dickson said.']","['NEW YORK oil extended gains on friday, topping $72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about patchy Covid-19 vaccination rollout around the globe.the organization of the petroleum exporting countries and allies on tuesday said they would stick to agreed supply restraints. A weekly supply report on thursday showed US crude inventories dropped more than expected last week.oil extended gains after US jobs figures showed nonfarm payrolls increased by 559,000 jobs last month. the US dollar weakened after the report, making oil cheaper for holders of other currencies and lending support to oil prices.brent crude was up 29 cents, or 0.4%, at $71.60 a barrel by 11 12 a.m. (1512 GMT), after earlier touching $72.17, its highest since may 2019.US west texas intermediate crude was up 51 cents, or 0.7%, at $69.32, and earlier hit $69.76, its highest since october 2018.after much dilly-dallying, brent appears to have found a new home above $70, said stephen brennock of oil broker PVM. summer and the reopening of the global economy is bullish for oil demand in the second half of the year.brent was on track for a weekly gain of more than 2.5% and US crude headed for a 4% rise. it is the second week of gains for both contracts. also boosting oil this week was a slowdown in talks between the united states and iran over tehrans nuclear programme, which reduced expectations of a return of iranian oil supply.energy markets are locked in on iran nuclear talks that should pick up next week, edward moya, senior market analyst at OANDA said.the fifth round of negotiations will heat up next week and that should keep oil prices supported as tehran will stick to their red lines for restoring the nuclear deal.meanwhile, US crude output is likely to grow more slowly than previously expected as shale producers have added only a limited number of extra rigs and production, opting to push for higher prices and profits instead. baker hughes weekly rig count is due at about 1 p.m.while rising demand and the fast pace of vaccinations in countries such as the united states have boosted oil, a slower inoculation rollout and high infections in the likes of brazil and india are hitting demand in high-growth oil markets.not every country in the world is on a full recovery mode yet, but at the moment no hiccup seems able to reverse the bullish momentum ushered in by strong summer demand, rystad energys oil markets analyst louise dickson said.']",['https://www.brecorder.com/news/40097947/oil-hits-two-year-high-on-opec-discipline-demand-hopes'],"['brent, , ']",['bullish for oil'],['pos'],97.4,[4.79],4.79,3,3,3,-2,
6/9/2021,"['US crude stocks down, fuel inventories rise: EIA']","['US crude stocks down, fuel inventories rise EIA']",['Business Recorder'],"['US crude stocks fell for the 11th straight week as refiners ramped up output, but fuel inventories grew sharply due to weak consumer demand, the Energy Information Administration said on Wednesday.Crude inventories fell by 5.2 million barrels in the week to June 4 to 474 million barrels, the 11th straight weekly inventory decline as refiners have boosted output as the economy recovers after the COVID-19 pandemic and in anticipation of more summer driving.However, fuel stocks were up sharply, as demand was weak in the most recent week, with product supplied falling to 17.7 million bpd vs 19.1 million the week before.Many people already had fuel because gasoline buyers across the US East Coast hoarded supplies after the Colonial Pipeline ransomware attack shut the nation\'s largest fuel line for several days. Fuel demand also took a hit from thunderstorms up and down the coast during the Memorial Day weekend.""These are lame demand numbers,"" said Robert Yawger, director of energy futures at Mizuho. ""It seems the gasoline build is largely a function of the miserable weather we had Memorial Day weekend. It was pouring out, there was nowhere to go.""US gasoline stocks rose by 7 million barrels in the week to 241 million barrels, compared with analysts\' expectations for a 698,000-barrel rise. Distillate stockpiles , which include diesel and heating oil, rose by 4.4 million barrels, versus expectations for a 1.4 million-barrel rise.Futures pared gains after the report. US crude was up 28 cents to $70.33 a barrel as of 10:48 a.m. EDT (1448 GMT) while Brent was 44 cents higher at $72.66 a barrel.Refinery crude runs rose by 328,000 barrels per day in the last week, EIA said. Refinery utilization rates rose by 2.6 percentage points, in the week.']","['US crude stocks fell for the 11th straight week as refiners ramped up output, but fuel inventories grew sharply due to weak consumer demand, the energy information administration said on Wednesday.Crude inventories fell by 5.2 million barrels in the week to june 4 to 474 million barrels, the 11th straight weekly inventory decline as refiners have boosted output as the economy recovers after the COVID-19 pandemic and in anticipation of more summer driving.however, fuel stocks were up sharply, as demand was weak in the most recent week, with product supplied falling to 17.7 million bpd vs 19.1 million the week before.many people already had fuel because gasoline buyers across the US east coast hoarded supplies after the colonial pipeline ransomware attack shut the nation largest fuel line for several days. fuel demand also took a hit from thunderstorms up and down the coast during the memorial day weekend.""these are lame demand numbers,"" said robert yawger, director of energy futures at mizuho. ""it seems the gasoline build is largely a function of the miserable weather we had memorial day weekend. it was pouring out, there was nowhere to go.""US gasoline stocks rose by 7 million barrels in the week to 241 million barrels, compared with analysts\' expectations for a 698,000-barrel rise. distillate stockpiles , which include diesel and heating oil, rose by 4.4 million barrels, versus expectations for a 1.4 million-barrel rise.futures pared gains after the report. US crude was up 28 cents to $70.33 a barrel as of 10 48 a.m. EDT (1448 GMT) while brent was 44 cents higher at $72.66 a barrel.refinery crude runs rose by 328,000 barrels per day in the last week, EIA said. refinery utilization rates rose by 2.6 percentage points, in the week.']",['https://www.brecorder.com/news/40098956/us-crude-stocks-down-fuel-inventories-rise-eia'],"['brent, , ']",['US crude stocks fell'],['neg'],92.28,[-1.04],-1.04,-1,-1,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news impact is not significant, and the market signal is neutral. Therefore, we recommend taking no immediate action and holding the current position.""
}"
6/10/2021,['Oil falls as start of US summer driving season fails to lift fuel demand'],['oil falls as start of US summer driving season fails to lift fuel demand'],['Business Recorder'],"['SINGAPORE: Oil prices fell on Thursday as inventory data in the United States, the world\'s top oil consumer, showed a surge in gasoline stocks that indicated weaker-than-expected fuel demand at the start of summer, the country\'s peak season for motoring.Brent crude oil futures were down 36 cents, or 0.5%, at $71.86 a barrel by 0651 GMT, while US oil futures declined by 35 cents, or 0.5%, to $69.61 a barrel.""Markets had been optimistic on demand as the US enters the peak summer driving season,"" analysts from ANZ Research said in a note on Thursday.""An acceleration in (coronavirus) vaccinations and rising traffic numbers are a plus for demand for transportation fuel. However, this data highlights it won\'t be a smooth road back to recovery.""US crude oil stockpiles that include the Strategic Petroleum Reserve (SPR) fell for the 11th straight week as refiners ramped up output, but fuel inventories grew sharply due to weak consumer demand, the Energy Information Administration (EIA) said on Wednesday.Crude inventories that exclude the SPR fell by 5.2 million barrels in the week to June 4 to 474 million barrels, the third consecutive weekly drop. But fuel stocks were up sharply, with product supplied falling to 17.7 million barrels per day (bpd) versus 19.1 million the week before.Implied gasoline demand fell to 8.48 million bpd in the week to June 4, down from 9.15 million bpd from the week before, but up from 7.9 million bpd a year ago, EIA data showed.In another development weighing on prices, Libya\'s Waha Oil Co aims to return to normal output operations on Thursday after fixing a leak on a pipeline that more than halved the company\'s oil production, an oil source at the Es Sider crude export terminal said.In India, the world\'s third-largest oil consumer, fuel demand slumped in May to its lowest since August last year, with a second COVID-19 wave stalling mobility and muting economic activity in the world\'s third largest oil consumer.']","['SINGAPORE oil prices fell on thursday as inventory data in the united states, the world top oil consumer, showed a surge in gasoline stocks that indicated weaker-than-expected fuel demand at the start of summer, the country peak season for motoring.brent crude oil futures were down 36 cents, or 0.5%, at $71.86 a barrel by 0651 GMT, while US oil futures declined by 35 cents, or 0.5%, to $69.61 a barrel.""markets had been optimistic on demand as the US enters the peak summer driving season,"" analysts from ANZ research said in a note on Thursday.""An acceleration in (coronavirus) vaccinations and rising traffic numbers are a plus for demand for transportation fuel. however, this data highlights it won\'t be a smooth road back to recovery.""US crude oil stockpiles that include the strategic petroleum reserve (SPR) fell for the 11th straight week as refiners ramped up output, but fuel inventories grew sharply due to weak consumer demand, the energy information administration (EIA) said on Wednesday.Crude inventories that exclude the SPR fell by 5.2 million barrels in the week to june 4 to 474 million barrels, the third consecutive weekly drop. but fuel stocks were up sharply, with product supplied falling to 17.7 million barrels per day (bpd) versus 19.1 million the week before.implied gasoline demand fell to 8.48 million bpd in the week to june 4, down from 9.15 million bpd from the week before, but up from 7.9 million bpd a year ago, EIA data showed.in another development weighing on prices, libya waha oil co aims to return to normal output operations on thursday after fixing a leak on a pipeline that more than halved the company oil production, an oil source at the es sider crude export terminal said.in india, the world third-largest oil consumer, fuel demand slumped in may to its lowest since august last year, with a second COVID-19 wave stalling mobility and muting economic activity in the world third largest oil consumer.']",['https://www.brecorder.com/news/40099182/oil-falls-as-start-of-us-summer-driving-season-fails-to-lift-fuel-demand'],"['brent, , ']",['oil prices fell'],['neg'],92,[-5.33],-5.33,-1,-2,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a significantly negative outlook. Therefore, we recommend refraining from taking any position in the market to mitigate potential risks.""
}"
6/11/2021,"['TSX gains on energy boost, upbeat economic data', 'Oil prices reach fresh multi-year highs on demand recovery']","['TSX gains on energy boost, upbeat economic data', 'oil prices reach fresh multi-year highs on demand recovery']","['Business Recorder', 'Business Recorder']","[""Canada's main stock index rose on Friday, as energy stocks gained on higher crude prices and upbeat economic data bolstered optimism over an economic rebound.The energy sector climbed 0.8% as US crude prices were up 0.2% a barrel, while Brent crude was unchanged.At 09:36 a.m. ET (13:36 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 39.12 points, or 0.2%, at 20,088.59.Statistics Canada said the country's industries ran at 81.7% of capacity in the first quarter of 2021, up from a upwardly revised 79.7% in the fourth quarter of 2020, while the nation's net worth jumped by a record 7.7% in the first quarter to C$15.0 trillion ($12.40 trillion).The financials sector gained 0.1%. The industrials sector rose 0.4%.The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% as gold futures fell 0.5% to $1,885.4 an ounceOn the TSX, 114 issues were higher, while 102 issues declined for a 1.12-to-1 ratio favouring gainers, with 9.72 million shares traded.The largest percentage gainers on the TSX were miners Hudbay Minerals Inc, up 3.8%, and First Quantum Minerals Ltd, up 3.7%.Enghouse Systems Limited fell 7.6%, the most on the TSX, after the software provider missed second-quarter estimates and the second biggest decliner was real estate investment trust NorthWest Healthcare Properties, down 1.3%.The most heavily traded shares by volume were those of Hut 8 Mining Corp, Canadian Natural Resources Limited , and NorthWest Healthcare Properties.The TSX posted 16 new 52-week highs and one new low.Across all Canadian issues there were 76 new 52-week highs and 2 new lows, with total volume of 22.41 million shares."", 'NEW YORK: Oil prices reached fresh multi-year highs on Friday, heading for a third straight week of gains on an improved outlook for worldwide demand as rising vaccination rates lead to a lifting of pandemic curbs.Brent crude futures rose 30 cents to $72.82 a barrel by 1:34 p.m. EDT (1734 GMT), a day after closing at their highest since May 2019. On the week so far, Brent was up 0.4pc.U.S. West Texas Intermediate (WTI) crude futures were up 76 cents at $71.05 a barrel, a day after their highest close since October 2018. WTI was up 1pc so far for the week.""Demand is coming back faster than supply and we\'re going to need more supply to meet that demand,"" said Phil Flynn, senior analyst at Price Futures Group in Chicago.  The International Energy Agency (IEA) said in its monthly report that the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, would need to boost output to meet demand set to recover to pre-pandemic levels by the end of 2022.""OPEC+ needs to open the taps to keep the world oil markets adequately supplied,"" the Paris-based energy watchdog said.It said that rising demand and countries\' short-term policies were at odds with the IEA\'s call to end new oil, gas and coal funding.""In 2022 there is scope for the 24-member OPEC+ group, led by Saudi Arabia and Russia, to ramp up crude supply by 1.4 million barrels per day (bpd) above its July 2021-March 2022 target,"" the IEA said.U.S. investment bank Goldman Sachs said it expects Brent crude prices to reach $80 per barrel this summer as vaccine rollouts boost global economic activity.Data showing road traffic returning to pre-COVID-19 levels in North America and most of Europe was encouraging, ANZ Research analysts said in a note.""Even the jet fuel market is showing signs of improvement, with flights in Europe rising 17pc over the past two weeks, according to Eurocontrol,"" ANZ analysts said.In an indication of future supply, U.S. oil rigs rose by six to 365 this week to their highest since April 2020, energy services firm Baker Hughes Co said in its weekly report.  It was the biggest weekly increase of oil rigs in a month.']","['canada main stock index rose on friday, as energy stocks gained on higher crude prices and upbeat economic data bolstered optimism over an economic rebound.the energy sector climbed 0.8% as US crude prices were up 0.2% a barrel, while brent crude was unchanged.at 09 36 a.m. ET (13 36 GMT), the toronto stock exchange S&P/TSX composite index was up 39.12 points, or 0.2%, at 20,088.59.statistics canada said the country industries ran at 81.7% of capacity in the first quarter of 2021, up from a upwardly revised 79.7% in the fourth quarter of 2020, while the nation net worth jumped by a record 7.7% in the first quarter to C$15.0 trillion ($12.40 trillion).the financials sector gained 0.1%. the industrials sector rose 0.4%.the materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% as gold futures fell 0.5% to $1,885.4 an ounceon the TSX, 114 issues were higher, while 102 issues declined for a 1.12-to-1 ratio favouring gainers, with 9.72 million shares traded.the largest percentage gainers on the TSX were miners hudbay minerals inc, up 3.8%, and first quantum minerals ltd, up 3.7%.enghouse systems limited fell 7.6%, the most on the TSX, after the software provider missed second-quarter estimates and the second biggest decliner was real estate investment trust NorthWest healthcare properties, down 1.3%.the most heavily traded shares by volume were those of hut 8 mining corp, canadian natural resources limited , and NorthWest healthcare Properties.The TSX posted 16 new 52-week highs and one new low.across all canadian issues there were 76 new 52-week highs and 2 new lows, with total volume of 22.41 million shares.', 'NEW YORK oil prices reached fresh multi-year highs on friday, heading for a third straight week of gains on an improved outlook for worldwide demand as rising vaccination rates lead to a lifting of pandemic curbs.brent crude futures rose 30 cents to $72.82 a barrel by 1 34 p.m. EDT (1734 GMT), a day after closing at their highest since may 2019. on the week so far, brent was up 0.4pc.U.S. west texas intermediate (WTI) crude futures were up 76 cents at $71.05 a barrel, a day after their highest close since october 2018. WTI was up 1pc so far for the week.""demand is coming back faster than supply and we are going to need more supply to meet that demand,"" said phil flynn, senior analyst at price futures group in chicago. the international energy agency (IEA) said in its monthly report that the organization of the petroleum exporting countries and allies, known as OPEC+, would need to boost output to meet demand set to recover to pre-pandemic levels by the end of 2022.""OPEC+ needs to open the taps to keep the world oil markets adequately supplied,"" the Paris-based energy watchdog said.it said that rising demand and countries\' short-term policies were at odds with the IEA call to end new oil, gas and coal funding.""in 2022 there is scope for the 24-member OPEC+ group, led by saudi arabia and russia, to ramp up crude supply by 1.4 million barrels per day (bpd) above its july 2021-March 2022 target,"" the IEA said.U.S. investment bank goldman sachs said it expects brent crude prices to reach $80 per barrel this summer as vaccine rollouts boost global economic activity.data showing road traffic returning to pre-COVID-19 levels in north america and most of europe was encouraging, ANZ research analysts said in a note.""even the jet fuel market is showing signs of improvement, with flights in europe rising 17pc over the past two weeks, according to eurocontrol,"" ANZ analysts said.in an indication of future supply, U.S. oil rigs rose by six to 365 this week to their highest since april 2020, energy services firm baker hughes co said in its weekly report. it was the biggest weekly increase of oil rigs in a month.']","['https://www.brecorder.com/news/40099502/tsx-gains-on-energy-boost-upbeat-economic-data', 'https://www.brecorder.com/news/40099512/oil-prices-reach-fresh-multi-year-highs-on-demand-recovery']","['brent, , ']","['energy stocks gained on', 'oil prices reached fresh multiyear highs']","['pos', 'pos']",92.72,"[1.61, 3.24]",2.42,-1,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The technical indicators provide mixed signals, with EMA55 and EMA9 suggesting a sell while MACD and RSI indicating a buy and hold respectively. Given the conflicting signals and the neutral news impact, we recommend holding the position and monitoring the market closely for further clarity.""
}"
6/14/2021,"['Oil prices reach fresh multi-year highs', '17pc GST hike on crude oil import proposed']","['oil prices reach fresh multi-year highs', '17pc GST hike on crude oil import proposed']","['Business Recorder', 'Business Recorder']","['NEW YORK: Oil prices reached fresh multi-year highs on Friday, heading for a third straight week of gains on an improved outlook for worldwide demand as rising vaccination rates lead to a lifting of pandemic curbs.Brent crude futures rose 30 cents to $72.82 a barrel by 1:34 p.m. EDT (1734 GMT), a day after closing at their highest since May 2019. On the week so far, Brent was up 0.4%.US West Texas Intermediate (WTI) crude futures were up 76 cents at $71.05 a barrel, a day after their highest close since October 2018. WTI was up 1% so far for the week.""Demand is coming back faster than supply and we\'re going to need more supply to meet that demand,"" said Phil Flynn, senior analyst at Price Futures Group in Chicago.The International Energy Agency (IEA) said in its monthly report that the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, would need to boost output to meet demand set to recover to pre-pandemic levels by the end of 2022.""OPEC+ needs to open the taps to keep the world oil markets adequately supplied,"" the Paris-based energy watchdog said.It said that rising demand and countries\' short-term policies were at odds with the IEA\'s call to end new oil, gas and coal funding.""In 2022 there is scope for the 24-member OPEC+ group, led by Saudi Arabia and Russia, to ramp up crude supply by 1.4 million barrels per day (bpd) above its July 2021-March 2022 target,"" the IEA said.US investment bank Goldman Sachs said it expects Brent crude prices to reach $80 per barrel this summer as vaccine rollouts boost global economic activity.Data showing road traffic returning to pre-Covid-19 levels in North America and most of Europe was encouraging, ANZ Research analysts said in a note.""Even the jet fuel market is showing signs of improvement, with flights in Europe rising 17% over the past two weeks, according to Eurocontrol,"" ANZ analysts said.In an indication of future supply, US oil rigs rose by six to 365 this week to their highest since April 2020, energy services firm Baker Hughes Co said in its weekly report. It was the biggest weekly increase of oil rigs in a month.', ""ISLAMABAD: The federal government has proposed to raise the rate of GST on import of crude oil by 17 percent in a bid to accelerate the exploration activities to maximise indigenous production of crude oil and natural gas.In federal budget 2021-22, the government has proposed to levy 17 percent GST on crude oil by withdrawing zero rating.This levy will help fetch Rs38 billion for the government. A crude oil importer told Business Recorder that the sales tax has been imposed on import of crude oil, so that oil marketing companies (OMCs) would timely lift crude oil from local refineries. The damage may be caused by not lifting crude oil from local fields, and this could affect the supply of other products of gas and LPG that are extracted from these wells as well, an official of the Petroleum Division said.The imposition of tax will also attract foreign investment with the objective to accelerate the exploration activities to maximise indigenous production of oil and gas. The OMCs import petroleum products in big quantities and unable to lift much oil from local refineries. Last year, stocks were building up at the refineries, which led to the closure of refining plants due to lower consumption of oil and high import of crude oil during the Covid-19.Under the head of petroleum group, the import bill of crude oil was down by $166 million during the first nine months (July-March) financial year 2020-21 to $3.31 billion against $3.47 billion of the same period last year. At present, the government charges 17 percent GST on every litre of petrol, high-speed diesel (HSD), which is a major source of revenue in the petroleum group.All Pakistan Petroleum Retailers Association's head Ghiyas Abdullah Paracha told Business Recorder that it might not have inflationary impact as the government had proposed the imposition of tax on import of crude oil by adjusting other taxes on petroleum products.Copyright Business Recorder, 2021""]","['NEW YORK oil prices reached fresh multi-year highs on friday, heading for a third straight week of gains on an improved outlook for worldwide demand as rising vaccination rates lead to a lifting of pandemic curbs.brent crude futures rose 30 cents to $72.82 a barrel by 1 34 p.m. EDT (1734 GMT), a day after closing at their highest since may 2019. on the week so far, brent was up 0.4%.US west texas intermediate (WTI) crude futures were up 76 cents at $71.05 a barrel, a day after their highest close since october 2018. WTI was up 1% so far for the week.""demand is coming back faster than supply and we are going to need more supply to meet that demand,"" said phil flynn, senior analyst at price futures group in Chicago.The international energy agency (IEA) said in its monthly report that the organization of the petroleum exporting countries and allies, known as OPEC+, would need to boost output to meet demand set to recover to pre-pandemic levels by the end of 2022.""OPEC+ needs to open the taps to keep the world oil markets adequately supplied,"" the Paris-based energy watchdog said.it said that rising demand and countries\' short-term policies were at odds with the IEA call to end new oil, gas and coal funding.""in 2022 there is scope for the 24-member OPEC+ group, led by saudi arabia and russia, to ramp up crude supply by 1.4 million barrels per day (bpd) above its july 2021-March 2022 target,"" the IEA said.US investment bank goldman sachs said it expects brent crude prices to reach $80 per barrel this summer as vaccine rollouts boost global economic activity.data showing road traffic returning to pre-Covid-19 levels in north america and most of europe was encouraging, ANZ research analysts said in a note.""even the jet fuel market is showing signs of improvement, with flights in europe rising 17% over the past two weeks, according to eurocontrol,"" ANZ analysts said.in an indication of future supply, US oil rigs rose by six to 365 this week to their highest since april 2020, energy services firm baker hughes co said in its weekly report. it was the biggest weekly increase of oil rigs in a month.', 'ISLAMABAD the federal government has proposed to raise the rate of GST on import of crude oil by 17 percent in a bid to accelerate the exploration activities to maximise indigenous production of crude oil and natural gas.in federal budget 2021-22, the government has proposed to levy 17 percent GST on crude oil by withdrawing zero rating.this levy will help fetch rs 38 billion for the government. A crude oil importer told business recorder that the sales tax has been imposed on import of crude oil, so that oil marketing companies (OMCs) would timely lift crude oil from local refineries. the damage may be caused by not lifting crude oil from local fields, and this could affect the supply of other products of gas and LPG that are extracted from these wells as well, an official of the petroleum division said.the imposition of tax will also attract foreign investment with the objective to accelerate the exploration activities to maximise indigenous production of oil and gas. the OMCs import petroleum products in big quantities and unable to lift much oil from local refineries. last year, stocks were building up at the refineries, which led to the closure of refining plants due to lower consumption of oil and high import of crude oil during the Covid-19.Under the head of petroleum group, the import bill of crude oil was down by $166 million during the first nine months (July-March) financial year 2020-21 to $3.31 billion against $3.47 billion of the same period last year. at present, the government charges 17 percent GST on every litre of petrol, high-speed diesel (HSD), which is a major source of revenue in the petroleum group.all pakistan petroleum retailers association head ghiyas abdullah paracha told business recorder that it might not have inflationary impact as the government had proposed the imposition of tax on import of crude oil by adjusting other taxes on petroleum products.']","['https://www.brecorder.com/news/40099570/oil-prices-reach-fresh-multi-year-highs', 'https://www.brecorder.com/news/40099769/17pc-gst-hike-on-crude-oil-import-proposed']","['brent, , ', 'foreign investment, pakistan, ']","['oil prices reached fresh multiyear highs', 'accelerate the exploration activities to maximise indigenous production of crude oil']","['pos', 'pos']",99.67,"[3.24, 5.24]",4.24,2,0,3,0,
6/16/2021,"['Oil rises as demand outlook improves, US inventories fall']","['oil rises as demand outlook improves, US inventories fall']",['Business Recorder'],"['TOKYO: Oil prices gained on Wednesday, with Brent rising for a fifth consecutive session as sentiment rose on the back of falling inventories and a recovery in demand after the pandemic.Brent crude was up 47 cents, or 0.6%, at $74.46 a barrel by 0700 GMT, the highest since April 2019.US crude gained 42 cents, or 0.6%, to $72.54 a barrel, the highest since October 2018.""Even non-energy traders are placing bets that oil prices will continue to rise,"" said Edward Moya, senior market analyst at OANDA.""Everyone is turning overly bullish with crude prices. The crude demand outlook is very robust as recoveries across the US, Europe and Asia, will have demand return to pre-COVID levels in the second half of next year,"" Moya said.US oil inventories dropped by 8.5 million barrels in the week ended June 11, according to two market sources, citing American Petroleum Institute figures on Tuesday.Crude stocks were expected to have fallen for a fourth week in a row, dropping by about 3.3 million barrels last week, according to analysts polled by Reuters. Official government data is due out Wednesday.Executives from major oil traders said on Tuesday they expected prices to remain above $70 a barrel and demand to return to pre-pandemic levels in the second half of 2022.Vitol Chief Executive Russell Hardy said oil was likely to trade in a range between $70 and $80 a barrel for the rest of 2021 on the expectation that the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, would retain output restraints.Even the return of Iranian exports if the United States rejoins a nuclear agreement and lifts sanctions on Tehran was unlikely to change the bullish picture, he said.""Iranian floating storage has been rising since the start of the year and the timing and the scale of the return will likely impact the OPEC+ tapering process,"" RBC Capital Markets said, referring to the gradual removal of production constraints by the producer group.']","['TOKYO oil prices gained on wednesday, with brent rising for a fifth consecutive session as sentiment rose on the back of falling inventories and a recovery in demand after the pandemic.brent crude was up 47 cents, or 0.6%, at $74.46 a barrel by 0700 GMT, the highest since april 2019.US crude gained 42 cents, or 0.6%, to $72.54 a barrel, the highest since october 2018.""even non-energy traders are placing bets that oil prices will continue to rise,"" said edward moya, senior market analyst at OANDA.""Everyone is turning overly bullish with crude prices. the crude demand outlook is very robust as recoveries across the US, europe and asia, will have demand return to pre-COVID levels in the second half of next year,"" moya said.US oil inventories dropped by 8.5 million barrels in the week ended june 11, according to two market sources, citing american petroleum institute figures on Tuesday.Crude stocks were expected to have fallen for a fourth week in a row, dropping by about 3.3 million barrels last week, according to analysts polled by reuters. official government data is due out Wednesday.Executives from major oil traders said on tuesday they expected prices to remain above $70 a barrel and demand to return to pre-pandemic levels in the second half of 2022.vitol chief executive russell hardy said oil was likely to trade in a range between $70 and $80 a barrel for the rest of 2021 on the expectation that the organization of the petroleum exporting countries and its allies, known as OPEC+, would retain output restraints.even the return of iranian exports if the united states rejoins a nuclear agreement and lifts sanctions on tehran was unlikely to change the bullish picture, he said.""iranian floating storage has been rising since the start of the year and the timing and the scale of the return will likely impact the OPEC+ tapering process,"" RBC capital markets said, referring to the gradual removal of production constraints by the producer group.']",['https://www.brecorder.com/news/40100569/oil-rises-as-demand-outlook-improves-us-inventories-fall'],"['brent, , ']",['oil prices gained'],['pos'],99.52,[4.14],4.14,2,2,3,0,"{
  ""Trading Recommendation"": ""Buy"",
  ""Rationale"": ""The overall news sentiment is positive, and the market signal indicates a buy. Hence, we recommend buying the position. Investors should consider taking a long position based on the current market and news sentiments.""
}"
6/17/2021,"['Oil tumbles 3pc from multi-year highs on stronger dollar', 'Crude oil prices fall on stronger US dollar']","['oil tumbles 3pc from multi-year highs on stronger dollar', 'crude oil prices fall on stronger US dollar']","['Business Recorder', 'Business Recorder']","['NEW YORK: Oil prices slumped nearly 3pc from their highest level in years on Thursday as the U.S. dollar strengthened after the Federal Reserve signaled it might raise interest rates as soon as 2023 and hopes the United States and Iran could come to a nuclear agreement.But an upcoming election in Iran on Friday could scuttle the nuclear talks and leave U.S. sanction on Iran\'s oil exports in place.Brent futures fell $2.07, or 2.8pc, to $72.32 a barrel by 12:22 p.m. EDT (1622 GMT), while U.S. crude fell $2.00, or 2.8pc, to $70.15.On Wednesday, Brent settled at its highest since April 2019 and WTI at its highest since October 2018.The U.S. dollar strengthened to its highest since mid April against a basket of other currencies after the Federal Reserve signaled it might raise interest rates at a much faster pace than assumed.A firmer greenback makes oil more expensive in other currencies, which could dent demand.Indirect talks between Tehran and Washington on reviving the 2015 Iran nuclear deal have come closer than ever to an agreement, but essential issues remain to be negotiated, the top Iranian negotiator said on Thursday.Iran is heading to presidential polls on Friday, with hardline judiciary chief Ebrahim Raisi among the front runners.""It is very possible that nuclear talks could fall apart if a deal is not done by August,"" said Bob Yawger, director of energy futures at Mizuho in New York.Iran\'s current reform President Hassan Rouhani will leave the government in August.Washington has sanctioned Raisi for alleged involvement in executions of political prisoners. His election would make it tougher for the United States and Iran to come to an agreement on Iran\'s uranium enrichment that would allow U.S. sanctions on Iran\'s oil exports to be lifted.Analysts have said Iran could boost oil supplies by 1 million to 2 million barrels per day (bpd) if sanctions are lifted.Another factor weighing on crude prices was a decline in the U.S. 3-2-1 and gasoline crack spreads - a measure of refining profit margins - to their lowest since February on recent weakness in products markets.""Weakening product markets ... will begin to drag appreciably on crude values in limiting upside WTI and Brent possibilities,"" aid Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois.Ritterbusch noted Wednesday\'s U.S. Energy Information Administration (EIA) data was more bearish to the products than bullish to the crude especially given the counter-seasonal increase in gasoline stocks.U.S. gasoline stocks increased by 2 million barrels last week. Analysts expected gasoline stocks would decline 600,000 barrels.In Britain, new COVID-19 cases rose on Thursday by the most in a day since Feb. 19.In the United States, the number of Americans filing new claims for unemployment benefits increased last week for the first time in more than a month, but layoffs are easing amid a reopening economy and a shortage of people willing to work.', 'SINGAPORE: Crude oil prices fell on Thursday as the US dollar strengthened after the Federal Reserve signalled it might raise interest rates faster than expected, but losses were limited by a big drop in US crude oil inventories.Brent crude oil futures dropped by 42 cents, or 0.6%, to $73.97 a barrel by 0649 GMT after reaching its highest since April 2019 in the previous session.US crude oil futures fell by 42 cents, or 0.6%, to $71.73 a barrel, after reaching its highest since October 2018 the previous day.""Energy markets became so fixated over a robust summer travel season and Iran nuclear deal talks that they somewhat got blindsided by the Fed\'s hawkish surprise,"" said Edward Moya, senior market analyst at OANDA.""The Fed was expected to be on hold and punt this meeting, but they sent a clear message they are ready to start talking about tapering and that means the dollar is ripe for a rebound which should be a headwind for all commodities.""The US dollar boasted its strongest single day gain in 15 months after the Federal Reserve signalled it might raise interest rates at a much faster pace than assumed.A firmer greenback makes oil priced in dollars more expensive in other currencies, potentially weighing on demand.Still, oil price losses were limited as data from the Energy Information Administration showed that US crude oil stockpiles in the world\'s biggest consumer dropped sharply last week as refineries boosted operations to their highest since January 2020, signalling continued improvement in demand.Also boosting prices, refinery throughput in China, the world\'s second largest oil consumer, rose 4.4% in May from the same month a year ago to a record high.""This pullback in oil prices should be temporary as the fundamentals on both the supply and demand side should easily be able to compensate for a rebounding dollar,"" Moya said.']","['NEW YORK oil prices slumped nearly 3pc from their highest level in years on thursday as the U.S. dollar strengthened after the federal reserve signaled it might raise interest rates as soon as 2023 and hopes the united states and iran could come to a nuclear agreement.but an upcoming election in iran on friday could scuttle the nuclear talks and leave U.S. sanction on iran oil exports in place.brent futures fell $2.07, or 2.8pc, to $72.32 a barrel by 12 22 p.m. EDT (1622 GMT), while U.S. crude fell $2.00, or 2.8pc, to $70.15.on wednesday, brent settled at its highest since april 2019 and WTI at its highest since october 2018.the U.S. dollar strengthened to its highest since mid april against a basket of other currencies after the federal reserve signaled it might raise interest rates at a much faster pace than assumed.a firmer greenback makes oil more expensive in other currencies, which could dent demand.indirect talks between tehran and washington on reviving the 2015 iran nuclear deal have come closer than ever to an agreement, but essential issues remain to be negotiated, the top iranian negotiator said on Thursday.Iran is heading to presidential polls on friday, with hardline judiciary chief ebrahim raisi among the front runners.""it is very possible that nuclear talks could fall apart if a deal is not done by august,"" said bob yawger, director of energy futures at mizuho in new York.Iran current reform president hassan rouhani will leave the government in August.Washington has sanctioned raisi for alleged involvement in executions of political prisoners. his election would make it tougher for the united states and iran to come to an agreement on iran uranium enrichment that would allow U.S. sanctions on iran oil exports to be lifted.analysts have said iran could boost oil supplies by 1 million to 2 million barrels per day (bpd) if sanctions are lifted.another factor weighing on crude prices was a decline in the U.S. 3-2-1 and gasoline crack spreads - a measure of refining profit margins - to their lowest since february on recent weakness in products markets.""weakening product markets . will begin to drag appreciably on crude values in limiting upside WTI and brent possibilities,"" aid jim ritterbusch, president of ritterbusch and associates in galena, Illinois.Ritterbusch noted wednesday U.S. energy information administration (EIA) data was more bearish to the products than bullish to the crude especially given the counter-seasonal increase in gasoline stocks.U.S. gasoline stocks increased by 2 million barrels last week. analysts expected gasoline stocks would decline 600,000 barrels.in britain, new COVID-19 cases rose on thursday by the most in a day since feb. 19.in the united states, the number of americans filing new claims for unemployment benefits increased last week for the first time in more than a month, but layoffs are easing amid a reopening economy and a shortage of people willing to work.', 'SINGAPORE crude oil prices fell on thursday as the US dollar strengthened after the federal reserve signalled it might raise interest rates faster than expected, but losses were limited by a big drop in US crude oil inventories.brent crude oil futures dropped by 42 cents, or 0.6%, to $73.97 a barrel by 0649 GMT after reaching its highest since april 2019 in the previous session.US crude oil futures fell by 42 cents, or 0.6%, to $71.73 a barrel, after reaching its highest since october 2018 the previous day.""energy markets became so fixated over a robust summer travel season and iran nuclear deal talks that they somewhat got blindsided by the fed hawkish surprise,"" said edward moya, senior market analyst at OANDA.""The fed was expected to be on hold and punt this meeting, but they sent a clear message they are ready to start talking about tapering and that means the dollar is ripe for a rebound which should be a headwind for all commodities.""the US dollar boasted its strongest single day gain in 15 months after the federal reserve signalled it might raise interest rates at a much faster pace than assumed.a firmer greenback makes oil priced in dollars more expensive in other currencies, potentially weighing on demand.still, oil price losses were limited as data from the energy information administration showed that US crude oil stockpiles in the world biggest consumer dropped sharply last week as refineries boosted operations to their highest since january 2020, signalling continued improvement in demand.also boosting prices, refinery throughput in china, the world second largest oil consumer, rose 4.4% in may from the same month a year ago to a record high.""this pullback in oil prices should be temporary as the fundamentals on both the supply and demand side should easily be able to compensate for a rebounding dollar,"" moya said.']","['https://www.brecorder.com/news/40100926/oil-tumbles-3pc-from-multi-year-highs-on-stronger-dollar', 'https://www.brecorder.com/news/40100867/crude-oil-prices-fall-on-stronger-us-dollar']","['brent, , ']","['oil prices slump', 'oil prices fell']","['neg', 'neg']",100.17,"[1.46, -5.33]",-1.94,2,2,3,0,
6/18/2021,"['Oil falls 1% amid dollar strength; demand picture still bullish', 'Oil falls amid dollar strength; demand picture still bullish', 'Oil falls 1pc amid dollar strength; demand picture still bullish']","['oil falls 1% amid dollar strength demand picture still bullish', 'oil falls amid dollar strength demand picture still bullish', 'oil falls 1pc amid dollar strength demand picture still bullish']","['Tribune', 'Business Recorder', 'Business Recorder']","['MELBOURNE:Oil prices fell for a second straight session on Friday as the US dollar soared on the prospect of interest rate hikes in the United States, but they were on track to finish the week little changed and only slightly off multi-year highs.Brent crude futures were down $0.86, or 1.2%, at $72.22 a barrel as of 1220 GMT. US West Texas Intermediate (WTI) crude futures were down $0.84, or 1.2%, at $70.20 a barrel.On Wednesday, Brent settled at its highest price since April 2019, while WTI settled at its highest since October 2018.""Formidable US Dollar strength following the Fed\'s hawkish shift is dominating the oil market heading towards the weekend,"" said Sophie Griffiths, market analyst at OANDA.""The bullish trend in oil remains intact, thanks to optimism surrounding the demand outlook. The dollar may well be strengthening but the fundamental picture for oil hasn’t changed,"" she added.The dollar has rocketed in the two sessions since the US Federal Reserve projected possible rate hikes in 2023, earlier than market watchers previously expected. A rising dollar makes oil more expensive in other currencies, curbing demand.The prospect of rate hikes also weighed on the longer-term growth outlook, which would eventually hurt oil demand, in contrast to the near-term outlook for growth in demand as pandemic lockdowns ease and road and air travel pick up, said Westpac senior economist Justin Smirk.""The near term\'s all very positive. The question is how much further can it rise"", Smirk said.Oil prices also fell after Britain on Thursday reported its biggest daily rise in new cases of Covid-19 since February 19, with government figures showing 11,007 new infections versus 9,055 a day earlier.  Adding to negative sentiment were remarks from Iran\'s top negotiator on Thursday saying talks between Tehran and Washington on reviving the 2015 Iran nuclear deal have come closer than ever to an agreement.', 'LONDON: Oil prices fell for a second straight session on Friday as the US dollar soared on the prospect of interest rate hikes in the United States, but they were on track to finish the week little changed and only slightly off multi-year highs.Brent crude futures were down 52 cents, or 0.7%, at $72.56 a barrel as of 1100 GMT, extending a 1.8% decline on Thursday. The contract is set to be largely steady for the week.US West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.6%, at $70.65 a barrel, after retreating 1.5% on Thursday and is also set to be flat on the week.On Wednesday, Brent settled at its highest price since April 2019 while WTI settled at its highest since October 2018.""Oil markets retreated sharply overnight as a stronger US dollar and falling commodity prices elsewhere saw the overbought technical correction continue,"" said Jeffrey Halley, senior market analyst at OANDA.The dollar has rocketed in the two sessions since the US Federal Reserve projected possible rate hikes in 2023, earlier than market watchers previously expected. A rising dollar makes oil more expensive in other currencies, curbing demand.The prospect of rate hikes also weighed on the longer-term growth outlook, which would eventually hurt oil demand, in contrast to the near-term outlook for growth in demand as COVID-19 related curbs on movement and business activity ease and road and air travel pick up, said Westpac senior economist Justin Smirk.""The near term\'s all very positive. The question is how much further can it rise, how much scope is there if you\'re looking at an environment where interest rates are going to rise,"" Smirk said.Oil prices also fell after Britain on Thursday reported its biggest daily rise in new cases of COVID-19 since Feb. 19, with government figures showing 11,007 new infections versus 9,055 a day earlier.Adding to negative sentiment were remarks from Iran\'s top negotiator on Thursday saying talks between Tehran and Washington on reviving the 2015 Iran nuclear deal have come closer than ever to an agreement.', 'LONDON: Oil prices fell for a second straight session on Friday as the US dollar soared on the prospect of interest rate hikes in the United States, but they were on track to finish the week little changed and only slightly off multi-year highs.Brent crude futures were down 86 cents, or 1.2%, at $72.22 a barrel as of 1220 GMT. US West Texas Intermediate (WTI) crude futures were down 84 cents, or 1.2%, at $70.20 a barrel.On Wednesday, Brent settled at its highest price since April 2019, while WTI settled at its highest since October 2018.""Formidable US Dollar strength following the Fed\'s hawkish shift is dominating the oil market heading towards the weekend,"" said Sophie Griffiths, market analyst at OANDA.""The bullish trend in oil remains intact, thanks to optimism surrounding the demand outlook. The dollar may well be strengthening but the fundamental picture for oil hasn\'t changed,"" she added.The dollar has rocketed in the two sessions since the US Federal Reserve projected possible rate hikes in 2023, earlier than market watchers previously expected. A rising dollar makes oil more expensive in other currencies, curbing demand.The prospect of rate hikes also weighed on the longer-term growth outlook, which would eventually hurt oil demand, in contrast to the near-term outlook for growth in demand as pandemic lockdowns ease and road and air travel pick up, said Westpac senior economist Justin Smirk.""The near term\'s all very positive. The question is how much further can it rise"", Smirk said.Oil prices also fell after Britain on Thursday reported its biggest daily rise in new cases of COVID-19 since Feb. 19, with government figures showing 11,007 new infections versus 9,055 a day earlier.Adding to negative sentiment were remarks from Iran\'s top negotiator on Thursday saying talks between Tehran and Washington on reviving the 2015 Iran nuclear deal have come closer than ever to an agreement.']","['MELBOURNE oil prices fell for a second straight session on friday as the US dollar soared on the prospect of interest rate hikes in the united states, but they were on track to finish the week little changed and only slightly off multi-year highs.brent crude futures were down $0.86, or 1.2%, at $72.22 a barrel as of 1220 GMT. US west texas intermediate (WTI) crude futures were down $0.84, or 1.2%, at $70.20 a barrel.on wednesday, brent settled at its highest price since april 2019, while WTI settled at its highest since october 2018.""formidable US dollar strength following the fed hawkish shift is dominating the oil market heading towards the weekend,"" said sophie griffiths, market analyst at OANDA.""The bullish trend in oil remains intact, thanks to optimism surrounding the demand outlook. the dollar may well be strengthening but the fundamental picture for oil hasnt changed,"" she added.the dollar has rocketed in the two sessions since the US federal reserve projected possible rate hikes in 2023, earlier than market watchers previously expected. A rising dollar makes oil more expensive in other currencies, curbing demand.the prospect of rate hikes also weighed on the longer-term growth outlook, which would eventually hurt oil demand, in contrast to the near-term outlook for growth in demand as pandemic lockdowns ease and road and air travel pick up, said westpac senior economist justin Smirk.""The near term all very positive. the question is how much further can it rise"", smirk said.oil prices also fell after britain on thursday reported its biggest daily rise in new cases of Covid-19 since february 19, with government figures showing 11,007 new infections versus 9,055 a day earlier. adding to negative sentiment were remarks from iran top negotiator on thursday saying talks between tehran and washington on reviving the 2015 iran nuclear deal have come closer than ever to an agreement.', 'LONDON oil prices fell for a second straight session on friday as the US dollar soared on the prospect of interest rate hikes in the united states, but they were on track to finish the week little changed and only slightly off multi-year highs.brent crude futures were down 52 cents, or 0.7%, at $72.56 a barrel as of 1100 GMT, extending a 1.8% decline on thursday. the contract is set to be largely steady for the week.US west texas intermediate (WTI) crude futures were down 39 cents, or 0.6%, at $70.65 a barrel, after retreating 1.5% on thursday and is also set to be flat on the week.on wednesday, brent settled at its highest price since april 2019 while WTI settled at its highest since october 2018.""oil markets retreated sharply overnight as a stronger US dollar and falling commodity prices elsewhere saw the overbought technical correction continue,"" said jeffrey halley, senior market analyst at OANDA.The dollar has rocketed in the two sessions since the US federal reserve projected possible rate hikes in 2023, earlier than market watchers previously expected. A rising dollar makes oil more expensive in other currencies, curbing demand.the prospect of rate hikes also weighed on the longer-term growth outlook, which would eventually hurt oil demand, in contrast to the near-term outlook for growth in demand as COVID-19 related curbs on movement and business activity ease and road and air travel pick up, said westpac senior economist justin Smirk.""The near term all very positive. the question is how much further can it rise, how much scope is there if you are looking at an environment where interest rates are going to rise,"" smirk said.oil prices also fell after britain on thursday reported its biggest daily rise in new cases of COVID-19 since feb. 19, with government figures showing 11,007 new infections versus 9,055 a day earlier.adding to negative sentiment were remarks from iran top negotiator on thursday saying talks between tehran and washington on reviving the 2015 iran nuclear deal have come closer than ever to an agreement.', 'LONDON oil prices fell for a second straight session on friday as the US dollar soared on the prospect of interest rate hikes in the united states, but they were on track to finish the week little changed and only slightly off multi-year highs.brent crude futures were down 86 cents, or 1.2%, at $72.22 a barrel as of 1220 GMT. US west texas intermediate (WTI) crude futures were down 84 cents, or 1.2%, at $70.20 a barrel.on wednesday, brent settled at its highest price since april 2019, while WTI settled at its highest since october 2018.""formidable US dollar strength following the fed hawkish shift is dominating the oil market heading towards the weekend,"" said sophie griffiths, market analyst at OANDA.""The bullish trend in oil remains intact, thanks to optimism surrounding the demand outlook. the dollar may well be strengthening but the fundamental picture for oil hasn\'t changed,"" she added.the dollar has rocketed in the two sessions since the US federal reserve projected possible rate hikes in 2023, earlier than market watchers previously expected. A rising dollar makes oil more expensive in other currencies, curbing demand.the prospect of rate hikes also weighed on the longer-term growth outlook, which would eventually hurt oil demand, in contrast to the near-term outlook for growth in demand as pandemic lockdowns ease and road and air travel pick up, said westpac senior economist justin Smirk.""The near term all very positive. the question is how much further can it rise"", smirk said.oil prices also fell after britain on thursday reported its biggest daily rise in new cases of COVID-19 since feb. 19, with government figures showing 11,007 new infections versus 9,055 a day earlier.adding to negative sentiment were remarks from iran top negotiator on thursday saying talks between tehran and washington on reviving the 2015 iran nuclear deal have come closer than ever to an agreement.']","['https://tribune.com.pk/story/2306000/oil-falls-1-amid-dollar-strength-demand-picture-still-bullish', 'https://www.brecorder.com/news/40101200/oil-falls-amid-dollar-strength-demand-picture-still-bullish', 'https://www.brecorder.com/news/40101212/oil-falls-1pc-amid-dollar-strength-demand-picture-still-bullish']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices fell']","['neg', 'neg', 'neg']",99.26,"[-5.33, -5.33, -5.33]",-5.33,2,3,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""The significantly negative news impact contradicts the market signal, which indicates refraining from the market. Hence, we recommend refraining from taking any position in the market to mitigate potential risks.""
}"
6/21/2021,"['Saudi Arabia agrees to start oil assistance for Pakistan, reports Financial Times', ""Brazil's real leads gains across Latam currencies""]","['saudi arabia agrees to start oil assistance for pakistan, reports financial times', 'brazil real leads gains across latam currencies']","['Business Recorder', 'Business Recorder']","['Saudi Arabia has agreed to “restart oil assistance for Pakistan worth at least $1.5 billion from Julyâ€Â\x9d, reported Financial Times on Monday, citing officials in Islamabad. Last month, Information Minister Fawad Chaudhry said that Saudi Arabia had agreed, in principle, to revive the oil supply to Pakistan on deferred payments. In 2018, Saudi Arabia had agreed to a $6-billion financial package for Pakistan’s ailing economy. The package included $3bn for the balance of payments and another $3bn in deferred payments on oil imports.$1 billion returned to Saudi Arabia, says QureshiHowever, Pakistan has not received oil on deferred payments from Saudi Arabia since May 2020. Relations between the two countries suffered a strain last year when Foreign Minister Shah Mehmood Qureshi asked Saudi Arabia-led Organization of Islamic Cooperation (OIC) to convene a meeting of its Council of Foreign Ministers (CFM) on Kashmir.Pakistan to receive $1.5 billion from China to repay Saudi Arabia debt“I am once again respectfully telling OIC that a meeting of the Council of Foreign Ministers is our expectation. If you cannot convene it, then I’ll be compelled to ask Prime Minister Imran Khan to call a meeting of the Islamic countries that are ready to stand with us on the issue of Kashmir and support the oppressed Kashmiris,â€Â\x9d Qureshi had said. In December 2020, Pakistan returned $1 billion to Saudi Arabia as the second installment of a $3 billion soft loan, in an indication that the Kingdom was not happy about Pakistan’s criticism.The current Saudi offer is less than half of the previous oil facility of $3.4bn, which was put on hold when ties frayed. But, through a tweet, Fahad Rauf, head of equity research at Ismail Iqbal Securities in Karachi, said ""any amount of dollars helps because of time and again we face a current account crisis. And with these prices north of $70 a barrel anything helps.â€Â\x9d.The timing of the Saudi gesture is interesting given that Iran is preparing to step up its own oil exports with the US considering easing sanctions. ""The acrimony between the two longtime allies has eased [now] after Imran Khan, the prime minister, met Saudi Crown Prince Mohammad bin Salman in May,â€Â\x9d says the FT report.“News of the oil deal with Pakistan comes as Saudi Arabia embarks on a diplomatic push with the US and Qatar to build a front against Iran.""', 'Brazil\'s real jumped 1% on Monday on a robust economic outlook, while Mexico\'s peso broke a six-session losing streak as the dollar lost momentum after a strong rally last week.The real attempted to push up to one-year highs hit last week. A survey of economists forecast Brazilian growth, inflation and interest rates in 2021 to new highs following the central bank\'s indication that it could quicken the pace of tightening.Growth is now expected be to 5%, inflation 5.9%, and the benchmark Selic interest rate at 6.5%.Investors seemed to look past anti-government protests over the weekend as COVID-19 deaths in Brazil topped 500,000. Thousands took to the streets blasting President Jair Bolsonaro for not acquiring vaccines fast enough and for questioning the need for mask wearing.This comes as Bolsonaro\'s popularity has hit new lows ahead of elections next year. A poll last month showed a left-wing rival, former President Luiz Inacio Lula da Silva, would win in a runoff vote if the 2022 elections were held today.""We believe a higher discontentment, especially if reflected in the polls, tends to push the government to an easier fiscal posture,"" Citi strategists said in a note.LATAM FX BUCK EM GLOOMEmerging market currencies had taken a hit last week as the dollar rallied after the US Federal Reserve struck a surprisingly hawkish tone.Morgan Stanley in a Monday note said it had turned bearish on emerging market currencies, citing higher real rate in the United States, expensive valuations and risks for growth differentials to widen between developed and developing markets.Most emerging market currencies in Asia, Europe, the Middle East and Africa had fallen on Monday, but Latin America got a lift as the dollar consolidated gains.Mexico\'s peso looked to end its longest losing streak since February, up 0.5%, while Colombia\'s peso rebounded from six-week lows despite falling oil prices.Meanwhile, BlackRock maintained a pro-risk stance, citing a ""powerful restart"" after the pandemic, while adding that they do not see the Fed\'s new outlook translating into significantly higher interest rates any time soon.""Any temporary spikes in rates could challenge emerging market assets in particular, but we advocate staying invested and looking through any turbulence,"" BlackRock said in a note.Among stocks, Brazil\'s Bovespa index was weighed down by materials stocks as iron ore, copper and oil prices fell.Shares of Mexican construction companies Grupo Carso , owned by billionaire Carlos Slim, fell 1% after Mexico City Mayor Claudia Sheinbaum told the firms that built the metro railway that collapsed and killed 26 people last month to help pay for its reconstruction. She did not specify an amount.']","['saudi arabia has agreed to restart oil assistance for pakistan worth at least $1.5 billion from july, reported financial times on monday, citing officials in islamabad. last month, information minister fawad chaudhry said that saudi arabia had agreed, in principle, to revive the oil supply to pakistan on deferred payments. in 2018, saudi arabia had agreed to a $6-billion financial package for pakistans ailing economy. the package included $3bn for the balance of payments and another $3bn in deferred payments on oil imports.$1 billion returned to saudi arabia, says QureshiHowever, pakistan has not received oil on deferred payments from saudi arabia since may 2020. relations between the two countries suffered a strain last year when foreign minister shah mehmood qureshi asked saudi Arabia-led organization of islamic cooperation (OIC) to convene a meeting of its council of foreign ministers (CFM) on Kashmir.Pakistan to receive $1.5 billion from china to repay saudi arabia debti am once again respectfully telling OIC that a meeting of the council of foreign ministers is our expectation. if you cannot convene it, then ill be compelled to ask prime minister imran khan to call a meeting of the islamic countries that are ready to stand with us on the issue of kashmir and support the oppressed kashmiris, qureshi had said. in december 2020, pakistan returned $1 billion to saudi arabia as the second installment of a $3 billion soft loan, in an indication that the kingdom was not happy about pakistans criticism.the current saudi offer is less than half of the previous oil facility of $3.4bn, which was put on hold when ties frayed. but, through a tweet, fahad rauf, head of equity research at ismail iqbal securities in karachi, said ""any amount of dollars helps because of time and again we face a current account crisis. and with these prices north of $70 a barrel anything helps..the timing of the saudi gesture is interesting given that iran is preparing to step up its own oil exports with the US considering easing sanctions. ""the acrimony between the two longtime allies has eased [now] after imran khan, the prime minister, met saudi crown prince mohammad bin salman in may, says the FT report.news of the oil deal with pakistan comes as saudi arabia embarks on a diplomatic push with the US and qatar to build a front against iran.""', 'brazil real jumped 1% on monday on a robust economic outlook, while mexico peso broke a six-session losing streak as the dollar lost momentum after a strong rally last week.the real attempted to push up to one-year highs hit last week. A survey of economists forecast brazilian growth, inflation and interest rates in 2021 to new highs following the central bank indication that it could quicken the pace of tightening.growth is now expected be to 5%, inflation 5.9%, and the benchmark selic interest rate at 6.5%.investors seemed to look past anti-government protests over the weekend as COVID-19 deaths in brazil topped 500,000. thousands took to the streets blasting president jair bolsonaro for not acquiring vaccines fast enough and for questioning the need for mask wearing.this comes as bolsonaro popularity has hit new lows ahead of elections next year. A poll last month showed a left-wing rival, former president luiz inacio lula da silva, would win in a runoff vote if the 2022 elections were held today.""we believe a higher discontentment, especially if reflected in the polls, tends to push the government to an easier fiscal posture,"" citi strategists said in a note.LATAM FX BUCK EM GLOOMEmerging market currencies had taken a hit last week as the dollar rallied after the US federal reserve struck a surprisingly hawkish tone.morgan stanley in a monday note said it had turned bearish on emerging market currencies, citing higher real rate in the united states, expensive valuations and risks for growth differentials to widen between developed and developing markets.most emerging market currencies in asia, europe, the middle east and africa had fallen on monday, but latin america got a lift as the dollar consolidated gains.mexico peso looked to end its longest losing streak since february, up 0.5%, while colombia peso rebounded from six-week lows despite falling oil prices.meanwhile, BlackRock maintained a pro-risk stance, citing a ""powerful restart"" after the pandemic, while adding that they do not see the fed new outlook translating into significantly higher interest rates any time soon.""any temporary spikes in rates could challenge emerging market assets in particular, but we advocate staying invested and looking through any turbulence,"" BlackRock said in a note.among stocks, brazil bovespa index was weighed down by materials stocks as iron ore, copper and oil prices fell.shares of mexican construction companies grupo carso , owned by billionaire carlos slim, fell 1% after mexico city mayor claudia sheinbaum told the firms that built the metro railway that collapsed and killed 26 people last month to help pay for its reconstruction. she did not specify an amount.']","['https://www.brecorder.com/news/40101723/saudi-arabia-agrees-to-start-oil-assistance-for-pakistan-reports-financial-times', 'https://www.brecorder.com/news/40101816/brazils-real-leads-gains-across-latam-currencies']","['economy, pakistan, ', 'middle east, oil, ']","['oil supply to pakistan on deferred payment', 'oil prices fell']","['pos', 'neg']",99.09,"[0.12, -5.33]",-2.6,2,3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The technical indicators provide mixed signals, with EMA55 and EMA9 suggesting a buy RSI indicating a hold. Given the conflicting signals and the negative news impact, we recommend holding the position and monitoring the market closely for further clarity.""
}"
6/24/2021,"['Stocks subdued as investors waver over US inflation signals', 'Oil gains as US crude draws, German data boost outlook demand']","['stocks subdued as investors waver over US inflation signals', 'oil gains as US crude draws, german data boost outlook demand']","['Business Recorder', 'Business Recorder']","['LONDON/SYDNEY: Global shares edged up on Thursday, while the U.S. dollar steadied below an 11-week high as investors reassessed U.S. Federal Reserve statements on inflation and looked to upcoming data for direction.In Europe, the STOXX 600 opened 0.5% higher ahead of the release of Germany\'s closely-watched Ifo business sentiment survey, expected to show a rise from two-year highs.Britain\'s FTSE 100 shares made smaller gains as investors awaited a Bank of England meeting for the latest clues about how soon stimulus could be withdrawn as the economy bounces back from the COVID-19 shock.The MSCI world equity index was 0.1% higher, edging towards record highs hit earlier in June.Wall Street futures pointed to a stronger open a day after the tech-heavy Nasdaq closed at a record high. S&P 500 e-minis  and Nasdaq futures were both 0.3% firmer.In Asia too markets made small gains. MSCI\'s broadest index of Asia-Pacific shares outside Japan was 0.1% higher, recovering from a one-month trough touched earlier this week, while Japan\'s Nikkei was unchanged.Stock markets have whipsawed over the last week, feeling the after-effects of a surprise projection for rate increases as soon as 2023 by the U.S. Federal Reserve which knocked stocks, boosted the dollar and led to the flattening of the U.S. bond yield curve.Investors are now pricing the first full U.S. interest rate rise for February 2023 compared to December 2022 in the immediate aftermath of the Fed meeting. Overnight, 10-year U.S. Treasury yields hovered around 1.5% in muted trading, while government bond yields in the euro area drifted higher.""Until bond yields break out in a sustainable fashion, in either direction, it remains very hard to determine which direction stocks are headed in over the near term,"" JPMorgan analysts wrote in a note. ""Much continues to hinge on the upcoming growth data.""Europe released strong manufacturing activity data on Wednesday, while figures on ISM manufacturing and U.S. non-farm payrolls are due next week. The U.S. dollar vacillated below an 11-week high versus major peers as traders navigated conflicting signals from Fed officials on the timing of a withdrawal of monetary stimulus.On Wednesday, two Fed officials said a period of high inflation in the United States could last longer than anticipated, just a day after Fed Chair Jerome Powell played down rising price pressures.The dollar index, which measures the greenback against six rivals, was treading water at 91.734. It was at 92.408 at the end of last week, the highest since April 9.Against the Japanese yen, the dollar climbed to a 15-month high of 111.11. It was last slightly weaker at 110.84. The Bank of England is expected to acknowledge the strength of inflationary pressures in recent data when it meets later in the day. A policy announcement is expected at 1100 GMT.""We do not expect the statement to push back against expectations that interest rates could start to move higher in the second half of next year,"" ANZ economists said. The British pound shed 0.1% against the dollar to $1.3958.Oil prices gained for a second day after a larger-than-anticipated drawdown in U.S. crude and gasoline stocks reaffirmed the outlook for robust fuel demand.Brent crude futures rose 0.4% to $75.50 a barrel and U.S. crude jumped 0.5% to $73.45 per barrel.Spot gold prices slipped 0.1% to $1,776.3 an ounce.', 'LONDON: Oil prices gained for a second day on Thursday after drawdowns in U.S. inventories and accelerating German economic activity  bolstered confidence in the fuel demand recovery.Doubts about the future of the 2015 Iran nuclear deal that could end U.S. sanctions on Iranian crude exports further supported prices.Brent crude futures rose 45 cents, or 0.6%, to $75.64 a barrel by 0847 GMT, after increasing 0.5% on Wednesday.U.S. West Texas Intermediate (WTI) crude futures climbed 40 cents, or 0.54%, to $73.48 a barrel, after rising 0.3% on Wednesday.Both benchmarks hit their highest since October 2018 on  Wednesday, but pared gains later in the session as energy traders locked in profit after the U.S. inventory report, Edward Moya, senior market analyst at brokerage OANDA, said in a report.Further stoking expectations of a European fuel demand recovery, data from Germany showed the largest upward leap in retail conditions since German reunification more than three decades ago.Across the Atlantic, U.S. crude inventories fell by 7.6 million barrels in the week to June 18 to 459.1 million barrels, their lowest since March 2020, the U.S. Energy Information Administration said. The drawdown was nearly double analysts\' expectations in a Reuters poll for a 3.9 million-barrel drop.U.S. gasoline stocks fell by 2.9 million barrels in the week, against analysts\' expectations for an 833,000-barrel rise. ""The data was encouraging since not only crude stocks, but also gasoline inventory dropped, suggesting healthy demand and tight supply,"" said Tetsu Emori, CEO of Emori Fund Management Inc.""Unless OPEC+ decides next week to increase output more than expected for August and later, oil prices are expected to stay at the current high range for a while,"" he said.The Organization of the Petroleum Exporting Countries and its allies (OPEC+), which meet on July 1, have been discussing a further unwinding of last year\'s record output cuts from August but no decision has been made, two OPEC+ sources said on Tuesday.Brent has gained more than 45% this year on supply cuts led by the OPEC+ and recovering demand as COVID-19 restrictions are eased. Some industry executives have talked of crude returning to $100 for the first time since 2014.Iran said on Wednesday the United States had agreed to remove all sanctions on Iran\'s oil and shipping but Washington said ""nothing is agreed until everything is agreed"" in talks to revive the 2015 Iran nuclear deal.']","['LONDON/SYDNEY global shares edged up on thursday, while the U.S. dollar steadied below an 11-week high as investors reassessed U.S. federal reserve statements on inflation and looked to upcoming data for direction.in europe, the STOXX 600 opened 0.5% higher ahead of the release of germany closely-watched ifo business sentiment survey, expected to show a rise from two-year highs.britain FTSE 100 shares made smaller gains as investors awaited a bank of england meeting for the latest clues about how soon stimulus could be withdrawn as the economy bounces back from the COVID-19 shock.the MSCI world equity index was 0.1% higher, edging towards record highs hit earlier in June.Wall street futures pointed to a stronger open a day after the tech-heavy nasdaq closed at a record high. S&P 500 e-minis and nasdaq futures were both 0.3% firmer.in asia too markets made small gains. MSCI broadest index of Asia-Pacific shares outside japan was 0.1% higher, recovering from a one-month trough touched earlier this week, while japan nikkei was unchanged.stock markets have whipsawed over the last week, feeling the after-effects of a surprise projection for rate increases as soon as 2023 by the U.S. federal reserve which knocked stocks, boosted the dollar and led to the flattening of the U.S. bond yield curve.investors are now pricing the first full U.S. interest rate rise for february 2023 compared to december 2022 in the immediate aftermath of the fed meeting. overnight, 10-year U.S. treasury yields hovered around 1.5% in muted trading, while government bond yields in the euro area drifted higher.""until bond yields break out in a sustainable fashion, in either direction, it remains very hard to determine which direction stocks are headed in over the near term,"" JPMorgan analysts wrote in a note. ""much continues to hinge on the upcoming growth data.""europe released strong manufacturing activity data on wednesday, while figures on ISM manufacturing and U.S. non-farm payrolls are due next week. the U.S. dollar vacillated below an 11-week high versus major peers as traders navigated conflicting signals from fed officials on the timing of a withdrawal of monetary stimulus.on wednesday, two fed officials said a period of high inflation in the united states could last longer than anticipated, just a day after fed chair jerome powell played down rising price pressures.the dollar index, which measures the greenback against six rivals, was treading water at 91.734. it was at 92.408 at the end of last week, the highest since april 9.against the japanese yen, the dollar climbed to a 15-month high of 111.11. it was last slightly weaker at 110.84. the bank of england is expected to acknowledge the strength of inflationary pressures in recent data when it meets later in the day. A policy announcement is expected at 1100 GMT.""We do not expect the statement to push back against expectations that interest rates could start to move higher in the second half of next year,"" ANZ economists said. the british pound shed 0.1% against the dollar to $1.3958.oil prices gained for a second day after a larger-than-anticipated drawdown in U.S. crude and gasoline stocks reaffirmed the outlook for robust fuel demand.brent crude futures rose 0.4% to $75.50 a barrel and U.S. crude jumped 0.5% to $73.45 per barrel.spot gold prices slipped 0.1% to $1,776.3 an ounce.', 'LONDON oil prices gained for a second day on thursday after drawdowns in U.S. inventories and accelerating german economic activity bolstered confidence in the fuel demand recovery.doubts about the future of the 2015 iran nuclear deal that could end U.S. sanctions on iranian crude exports further supported prices.brent crude futures rose 45 cents, or 0.6%, to $75.64 a barrel by 0847 GMT, after increasing 0.5% on Wednesday.U.S. west texas intermediate (WTI) crude futures climbed 40 cents, or 0.54%, to $73.48 a barrel, after rising 0.3% on Wednesday.Both benchmarks hit their highest since october 2018 on wednesday, but pared gains later in the session as energy traders locked in profit after the U.S. inventory report, edward moya, senior market analyst at brokerage OANDA, said in a report.further stoking expectations of a european fuel demand recovery, data from germany showed the largest upward leap in retail conditions since german reunification more than three decades ago.across the atlantic, U.S. crude inventories fell by 7.6 million barrels in the week to june 18 to 459.1 million barrels, their lowest since march 2020, the U.S. energy information administration said. the drawdown was nearly double analysts\' expectations in a reuters poll for a 3.9 million-barrel drop.U.S. gasoline stocks fell by 2.9 million barrels in the week, against analysts\' expectations for an 833,000-barrel rise. ""the data was encouraging since not only crude stocks, but also gasoline inventory dropped, suggesting healthy demand and tight supply,"" said tetsu emori, CEO of emori fund management Inc.""Unless OPEC+ decides next week to increase output more than expected for august and later, oil prices are expected to stay at the current high range for a while,"" he said.the organization of the petroleum exporting countries and its allies (OPEC+), which meet on july 1, have been discussing a further unwinding of last year record output cuts from august but no decision has been made, two OPEC+ sources said on Tuesday.Brent has gained more than 45% this year on supply cuts led by the OPEC+ and recovering demand as COVID-19 restrictions are eased. some industry executives have talked of crude returning to $100 for the first time since 2014.iran said on wednesday the united states had agreed to remove all sanctions on iran oil and shipping but washington said ""nothing is agreed until everything is agreed"" in talks to revive the 2015 iran nuclear deal.']","['https://www.brecorder.com/news/40102678/stocks-subdued-as-investors-waver-over-us-inflation-signals', 'https://www.brecorder.com/news/40102682/oil-gains-as-us-crude-draws-german-data-boost-outlook-demand']","['brent, , ']","['oil prices gained', 'oil prices gained']","['pos', 'pos']",98.94,"[4.14, 4.14]",4.14,3,3,3,0,
6/25/2021,"['Oil declines but on track for weekly gain on strong demand', 'Oil declines but on track for weekly gain on strong demand', 'Oil declines but on track for fifth weekly gain on strong demand', 'Oil declines but on track for fifth weekly gain on strong demand']","['oil declines but on track for weekly gain on strong demand', 'oil declines but on track for weekly gain on strong demand', 'oil declines but on track for fifth weekly gain on strong demand', 'oil declines but on track for fifth weekly gain on strong demand']","['Tribune', 'Tribune', 'Business Recorder', 'Business Recorder']","['MELBOURNE:Oil prices fell on Friday, but remained on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August.Brent was down $0.14, or 0.2%, at $75.42 a barrel at 1142 GMT, but was heading for a 2.6% rise on the week.US West Texas Intermediate (WTI) crude fell $0.19, or 0.3%, at $73.11 a barrel, but on track for a 2% weekly gain.Both benchmark contracts settled at their highest levels since October 2018 on Thursday.“Oil prices have been supported in recent weeks, benefiting from the ongoing decline in global oil inventories as oil demand continues to grind higher, although unevenly,â€ÂÂ\x9d said UBS analyst Giovanni Staunovo.“With larger oil inventory declines ahead, we expect oil prices to keep moving higher during 3Q21,â€ÂÂ\x9d he added, referring to the third quarter of this year.Oil prices also found support as the approval of a US infrastructure bill boosted optimism over the energy demand outlook, analysts said.All eyes are on the Organisation of the Petroleum Exporting Countries, Russia and allies – together called OPEC+ – who are due to meet on July 1 to discuss further easing of their output cuts from August.“The producer group has ample space to boost supply without derailing the drawdown in oil stocks, given the rosier demand outlook,â€ÂÂ\x9d said Stephen Brennock of oil broker PVM.On the demand side, the key factors OPEC+ will have to consider are strong growth in the United States, Europe and China, bolstered by vaccine rollouts and economies reopening, according to analysts who said this was countered by rising Covid-19 cases and outbreaks in other places.The prospect of sanctions on Iran being lifted and more of its oil hitting the market anytime soon has dimmed, with a US official saying “serious differencesâ€ÂÂ\x9d remain over a range of issues over Tehran’s compliance with the 2015 nuclear deal.US Secretary of State Antony Blinken also said on Friday serious differences remained, but that he hoped an upcoming round of indirect talks would bridge them.', 'MELBOURNE:Oil prices fell on Friday, but remained on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August.Brent was down $0.14, or 0.2%, at $75.42 a barrel at 1142 GMT, but was heading for a 2.6% rise on the week.US West Texas Intermediate (WTI) crude fell $0.19, or 0.3%, at $73.11 a barrel, but on track for a 2% weekly gain.Both benchmark contracts settled at their highest levels since October 2018 on Thursday.“Oil prices have been supported in recent weeks, benefiting from the ongoing decline in global oil inventories as oil demand continues to grind higher, although unevenly,â€ÂÂ\x9d said UBS analyst Giovanni Staunovo.“With larger oil inventory declines ahead, we expect oil prices to keep moving higher during 3Q21,â€ÂÂ\x9d he added, referring to the third quarter of this year.Oil prices also found support as the approval of a US infrastructure bill boosted optimism over the energy demand outlook, analysts said.All eyes are on the Organisation of the Petroleum Exporting Countries, Russia and allies – together called OPEC+ – who are due to meet on July 1 to discuss further easing of their output cuts from August.“The producer group has ample space to boost supply without derailing the drawdown in oil stocks, given the rosier demand outlook,â€ÂÂ\x9d said Stephen Brennock of oil broker PVM.On the demand side, the key factors OPEC+ will have to consider are strong growth in the United States, Europe and China, bolstered by vaccine rollouts and economies reopening, according to analysts who said this was countered by rising Covid-19 cases and outbreaks in other places.The prospect of sanctions on Iran being lifted and more of its oil hitting the market anytime soon has dimmed, with a US official saying “serious differencesâ€ÂÂ\x9d remain over a range of issues over Tehran’s compliance with the 2015 nuclear deal.US Secretary of State Antony Blinken also said on Friday serious differences remained, but that he hoped an upcoming round of indirect talks would bridge them.', 'LONDON: Oil prices fell on Friday, but remained on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August.Brent was down 14 cents, or 0.2%, at $75.42 a barrel at 1142 GMT, but was heading for a 2.6% rise on the week.U.S. West Texas Intermediate (WTI) crude fell 19 cents, or 0.3%, at $73.11 a barrel, but on track for a 2% weekly gain.Both benchmark contracts settled at their highest levels since October 2018 on Thursday. ""Oil prices have been supported in recent weeks, benefiting from the ongoing decline in global oil inventories as oil demand continues to grind higher, although unevenly,"" said UBS analyst Giovanni Staunovo.""With larger oil inventory declines ahead, we expect oil prices to keep moving higher during 3Q21,"" he added, referring to the third quarter of this year.Oil prices also found support as the approval of a U.S. infrastructure bill boosted optimism over the energy demand outlook, analysts said.     All eyes are on the Organization of the Petroleum Exporting Countries, Russia and allies - together called OPEC+ - who are due to meet on July 1 to discuss further easing of their output cuts from August.""The producer group has ample space to boost supply without derailing the drawdown in oil stocks, given the rosier demand outlook,"" said Stephen Brennock of oil broker PVM.On the demand side, the key factors OPEC+ will have to consider are strong growth in the United States, Europe and China, bolstered by vaccine rollouts and economies reopening, according to analysts who said this was countered by rising COVID-19 cases and outbreaks in other places. The prospect of sanctions on Iran being lifted and more of its oil hitting the market anytime soon has dimmed, with a U.S. official saying ""serious differences"" remain over a range of issues over Tehran\'s compliance with the 2015 nuclear deal.U.S. Secretary of State Antony Blinken also said on Friday serious differences remained, but that he hoped an upcoming round of indirect talks would bridge them.', 'LONDON: Oil prices fell on Friday, but remained on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August.Brent was down 14 cents, or 0.2%, at $75.42 a barrel at 1142 GMT, but was heading for a 2.6% rise on the week.U.S. West Texas Intermediate (WTI) crude fell 19 cents, or 0.3%, at $73.11 a barrel, but on track for a 2% weekly gain.Both benchmark contracts settled at their highest levels since October 2018 on Thursday. ""Oil prices have been supported in recent weeks, benefiting from the ongoing decline in global oil inventories as oil demand continues to grind higher, although unevenly,"" said UBS analyst Giovanni Staunovo.""With larger oil inventory declines ahead, we expect oil prices to keep moving higher during 3Q21,"" he added, referring to the third quarter of this year.Oil prices also found support as the approval of a U.S. infrastructure bill boosted optimism over the energy demand outlook, analysts said.     All eyes are on the Organization of the Petroleum Exporting Countries, Russia and allies - together called OPEC+ - who are due to meet on July 1 to discuss further easing of their output cuts from August.""The producer group has ample space to boost supply without derailing the drawdown in oil stocks, given the rosier demand outlook,"" said Stephen Brennock of oil broker PVM.On the demand side, the key factors OPEC+ will have to consider are strong growth in the United States, Europe and China, bolstered by vaccine rollouts and economies reopening, according to analysts who said this was countered by rising COVID-19 cases and outbreaks in other places. The prospect of sanctions on Iran being lifted and more of its oil hitting the market anytime soon has dimmed, with a U.S. official saying ""serious differences"" remain over a range of issues over Tehran\'s compliance with the 2015 nuclear deal.U.S. Secretary of State Antony Blinken also said on Friday serious differences remained, but that he hoped an upcoming round of indirect talks would bridge them.']","['MELBOURNE oil prices fell on friday, but remained on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August.Brent was down $0.14, or 0.2%, at $75.42 a barrel at 1142 GMT, but was heading for a 2.6% rise on the week.US west texas intermediate (WTI) crude fell $0.19, or 0.3%, at $73.11 a barrel, but on track for a 2% weekly gain.both benchmark contracts settled at their highest levels since october 2018 on Thursday.Oil prices have been supported in recent weeks, benefiting from the ongoing decline in global oil inventories as oil demand continues to grind higher, although unevenly, said UBS analyst giovanni Staunovo.With larger oil inventory declines ahead, we expect oil prices to keep moving higher during 3Q21, he added, referring to the third quarter of this year.oil prices also found support as the approval of a US infrastructure bill boosted optimism over the energy demand outlook, analysts said.all eyes are on the organisation of the petroleum exporting countries, russia and allies together called OPEC+ who are due to meet on july 1 to discuss further easing of their output cuts from August.The producer group has ample space to boost supply without derailing the drawdown in oil stocks, given the rosier demand outlook, said stephen brennock of oil broker PVM.On the demand side, the key factors OPEC+ will have to consider are strong growth in the united states, europe and china, bolstered by vaccine rollouts and economies reopening, according to analysts who said this was countered by rising Covid-19 cases and outbreaks in other places.the prospect of sanctions on iran being lifted and more of its oil hitting the market anytime soon has dimmed, with a US official saying serious differences remain over a range of issues over tehrans compliance with the 2015 nuclear deal.US secretary of state antony blinken also said on friday serious differences remained, but that he hoped an upcoming round of indirect talks would bridge them.', 'MELBOURNE oil prices fell on friday, but remained on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August.Brent was down $0.14, or 0.2%, at $75.42 a barrel at 1142 GMT, but was heading for a 2.6% rise on the week.US west texas intermediate (WTI) crude fell $0.19, or 0.3%, at $73.11 a barrel, but on track for a 2% weekly gain.both benchmark contracts settled at their highest levels since october 2018 on Thursday.Oil prices have been supported in recent weeks, benefiting from the ongoing decline in global oil inventories as oil demand continues to grind higher, although unevenly, said UBS analyst giovanni Staunovo.With larger oil inventory declines ahead, we expect oil prices to keep moving higher during 3Q21, he added, referring to the third quarter of this year.oil prices also found support as the approval of a US infrastructure bill boosted optimism over the energy demand outlook, analysts said.all eyes are on the organisation of the petroleum exporting countries, russia and allies together called OPEC+ who are due to meet on july 1 to discuss further easing of their output cuts from August.The producer group has ample space to boost supply without derailing the drawdown in oil stocks, given the rosier demand outlook, said stephen brennock of oil broker PVM.On the demand side, the key factors OPEC+ will have to consider are strong growth in the united states, europe and china, bolstered by vaccine rollouts and economies reopening, according to analysts who said this was countered by rising Covid-19 cases and outbreaks in other places.the prospect of sanctions on iran being lifted and more of its oil hitting the market anytime soon has dimmed, with a US official saying serious differences remain over a range of issues over tehrans compliance with the 2015 nuclear deal.US secretary of state antony blinken also said on friday serious differences remained, but that he hoped an upcoming round of indirect talks would bridge them.', 'LONDON oil prices fell on friday, but remained on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August.Brent was down 14 cents, or 0.2%, at $75.42 a barrel at 1142 GMT, but was heading for a 2.6% rise on the week.U.S. west texas intermediate (WTI) crude fell 19 cents, or 0.3%, at $73.11 a barrel, but on track for a 2% weekly gain.both benchmark contracts settled at their highest levels since october 2018 on thursday. ""oil prices have been supported in recent weeks, benefiting from the ongoing decline in global oil inventories as oil demand continues to grind higher, although unevenly,"" said UBS analyst giovanni Staunovo.""With larger oil inventory declines ahead, we expect oil prices to keep moving higher during 3Q21,"" he added, referring to the third quarter of this year.oil prices also found support as the approval of a U.S. infrastructure bill boosted optimism over the energy demand outlook, analysts said. all eyes are on the organization of the petroleum exporting countries, russia and allies - together called OPEC+ - who are due to meet on july 1 to discuss further easing of their output cuts from August.""The producer group has ample space to boost supply without derailing the drawdown in oil stocks, given the rosier demand outlook,"" said stephen brennock of oil broker PVM.On the demand side, the key factors OPEC+ will have to consider are strong growth in the united states, europe and china, bolstered by vaccine rollouts and economies reopening, according to analysts who said this was countered by rising COVID-19 cases and outbreaks in other places. the prospect of sanctions on iran being lifted and more of its oil hitting the market anytime soon has dimmed, with a U.S. official saying ""serious differences"" remain over a range of issues over tehran compliance with the 2015 nuclear deal.U.S. secretary of state antony blinken also said on friday serious differences remained, but that he hoped an upcoming round of indirect talks would bridge them.', 'LONDON oil prices fell on friday, but remained on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August.Brent was down 14 cents, or 0.2%, at $75.42 a barrel at 1142 GMT, but was heading for a 2.6% rise on the week.U.S. west texas intermediate (WTI) crude fell 19 cents, or 0.3%, at $73.11 a barrel, but on track for a 2% weekly gain.both benchmark contracts settled at their highest levels since october 2018 on thursday. ""oil prices have been supported in recent weeks, benefiting from the ongoing decline in global oil inventories as oil demand continues to grind higher, although unevenly,"" said UBS analyst giovanni Staunovo.""With larger oil inventory declines ahead, we expect oil prices to keep moving higher during 3Q21,"" he added, referring to the third quarter of this year.oil prices also found support as the approval of a U.S. infrastructure bill boosted optimism over the energy demand outlook, analysts said. all eyes are on the organization of the petroleum exporting countries, russia and allies - together called OPEC+ - who are due to meet on july 1 to discuss further easing of their output cuts from August.""The producer group has ample space to boost supply without derailing the drawdown in oil stocks, given the rosier demand outlook,"" said stephen brennock of oil broker PVM.On the demand side, the key factors OPEC+ will have to consider are strong growth in the united states, europe and china, bolstered by vaccine rollouts and economies reopening, according to analysts who said this was countered by rising COVID-19 cases and outbreaks in other places. the prospect of sanctions on iran being lifted and more of its oil hitting the market anytime soon has dimmed, with a U.S. official saying ""serious differences"" remain over a range of issues over tehran compliance with the 2015 nuclear deal.U.S. secretary of state antony blinken also said on friday serious differences remained, but that he hoped an upcoming round of indirect talks would bridge them.']","['https://tribune.com.pk/story/2307233/oil-declines-but-on-track-for-weekly-gain-on-strong-demand', 'https://tribune.com.pk/story/2307233/oil-declines-but-on-track-for-weekly-gain-on-strong-demand', 'https://www.brecorder.com/news/40102987/oil-declines-but-on-track-for-fifth-weekly-gain-on-strong-demand', 'https://www.brecorder.com/news/40102987/oil-declines-but-on-track-for-fifth-weekly-gain-on-strong-demand']","['brent, , ']","['brent was down', 'oil prices fell', 'brent was down', 'oil prices fell']","['neg', 'neg', 'neg', 'neg']",98,"[-1.43, -5.33, -1.43, -5.33]",-3.38,3,-3,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""The overall news sentiment is strongly negative despite a positive market signal. Hence, we recommend refraining from the market. Investors should avoid taking any positions until the sentiment improves or aligns with technical indicators.""
}"
6/28/2021,"['Oil slips after hitting highest since 2018 before OPEC+ talks', 'Oil slips after hitting highest since 2018 before OPEC+ talks', 'Oil slips after hitting highest since 2018 before OPEC+ talks', 'Oil slips after hitting highest since 2018 before OPEC+ talks']","['oil slips after hitting highest since 2018 before OPEC+ talks', 'oil slips after hitting highest since 2018 before OPEC+ talks', 'oil slips after hitting highest since 2018 before OPEC+ talks', 'oil slips after hitting highest since 2018 before OPEC+ talks']","['Tribune', 'Tribune', 'Business Recorder', 'Business Recorder']","['SINGAPORE:Oil prices slipped on Monday after hitting more than 2.5-year highs earlier in the session, as a spike in Covid-19 cases in Asia put a brake on their rally before this week’s OPEC+ meeting.Brent was down $0.2, or 0.3%, to $75.98 a barrel at 1040 GMT, after climbing to $76.60, its highest since October 2018. US crude was $0.1, or 0.1%, lower at $73.95 a barrel.But analysts said the rally had not yet run out of steam.“With sentiment running high, market watchers say crude prices are likely to keep rising ... Vaccination rollouts and strong summer demand make for a potent bullish cocktail,â€ÂÂ\x9d said Stephen Brennock of oil broker PVM.Oil prices rose for a fifth week last week as fuel demand rebounded on strong economic growth and increased travel during the northern hemisphere summer, while crude supplies were tight as the Organisation of the Petroleum Exporting Countries and its allies, a group known as OPEC+, maintained production cuts.OPEC+ is gradually easing those curbs, adding 2.1 million barrels per day (bpd) to the market from May to July. OPEC+, which meets on July 1, could decide to add further barrels in August as oil prices rise with recovering demand.ANZ and ING expect OPEC+ to increase output by about 500,000 bpd in August, which is likely to support higher prices.Rising Covid-19 cases in Asia have, however, put a modest dampener on the outlook. Indonesia is battling record high cases, Malaysia is set to extend a lockdown and Thailand has announced new Covid-related restrictions.Australia also reported on Sunday one of the highest numbers of locally acquired coronavirus cases this year, triggering lockdowns in some cities.Iran and the United States are expected to resume indirect talks on reviving a pact over Tehran’s nuclear work.An agreement could lead to a lifting of US sanctions and more Iranian crude on the market. But tensions rose after US air strikes on Sunday against Iran-backed militias in Iraq and Syria.“We do not currently expect Iranian exports to return anytime soon, in other words, so OPEC+ should have free rein at its meeting,â€ÂÂ\x9d said Commerzbank analyst Eugen Weinberg.', 'SINGAPORE:Oil prices slipped on Monday after hitting more than 2.5-year highs earlier in the session, as a spike in Covid-19 cases in Asia put a brake on their rally before this week’s OPEC+ meeting.Brent was down $0.2, or 0.3%, to $75.98 a barrel at 1040 GMT, after climbing to $76.60, its highest since October 2018. US crude was $0.1, or 0.1%, lower at $73.95 a barrel.But analysts said the rally had not yet run out of steam.“With sentiment running high, market watchers say crude prices are likely to keep rising ... Vaccination rollouts and strong summer demand make for a potent bullish cocktail,â€ÂÂ\x9d said Stephen Brennock of oil broker PVM.Oil prices rose for a fifth week last week as fuel demand rebounded on strong economic growth and increased travel during the northern hemisphere summer, while crude supplies were tight as the Organisation of the Petroleum Exporting Countries and its allies, a group known as OPEC+, maintained production cuts.OPEC+ is gradually easing those curbs, adding 2.1 million barrels per day (bpd) to the market from May to July. OPEC+, which meets on July 1, could decide to add further barrels in August as oil prices rise with recovering demand.ANZ and ING expect OPEC+ to increase output by about 500,000 bpd in August, which is likely to support higher prices.Rising Covid-19 cases in Asia have, however, put a modest dampener on the outlook. Indonesia is battling record high cases, Malaysia is set to extend a lockdown and Thailand has announced new Covid-related restrictions.Australia also reported on Sunday one of the highest numbers of locally acquired coronavirus cases this year, triggering lockdowns in some cities.Iran and the United States are expected to resume indirect talks on reviving a pact over Tehran’s nuclear work.An agreement could lead to a lifting of US sanctions and more Iranian crude on the market. But tensions rose after US air strikes on Sunday against Iran-backed militias in Iraq and Syria.“We do not currently expect Iranian exports to return anytime soon, in other words, so OPEC+ should have free rein at its meeting,â€ÂÂ\x9d said Commerzbank analyst Eugen Weinberg.', 'LONDON: Oil prices slipped on Monday after hitting more than 2-1/2 year highs earlier in the session, as a spike in COVID-19 cases in Asia put a brake on their rally before this week\'s OPEC+ meeting.Brent was down 20 cents, or 0.3%, to $75.98 a barrel at 1040 GMT, after climbing to $76.60, its highest since October 2018. U.S. crude was 10 cents, or 0.1%, lower at $73.95 a barrel.But analysts said the rally had not yet run out of steam.""With sentiment running high, market watchers say crude prices are likely to keep rising ... Vaccination rollouts and strong summer demand make for a potent bullish cocktail,"" said Stephen Brennock of oil broker PVM.Oil prices rose for a fifth week last week as fuel demand rebounded on strong economic growth and increased travel during the northern hemisphere summer, while crude supplies were tight as the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, maintained production cuts.OPEC+ is gradually easing those curbs, adding 2.1 million barrels per day (bpd) to the market from May to July. OPEC+, which meets on July 1, could decide to add further barrels in August as oil prices rise with recovering demand.ANZ and ING expect OPEC+ to increase output by about 500,000 bpd in August, which is likely to support higher prices.Rising COVID-19 cases in Asia have however put a modest dampener on the outlook. Indonesia is battling record-high cases, Malaysia is set to extend a lockdown and Thailand has announced new COVID-related restrictions.Australia also reported on Sunday one of the highest numbers of locally acquired coronavirus cases this year, triggering lockdowns in some cities.  Iran and the United States are expected to resume indirect talks on reviving a pact over Tehran\'s nuclear work. Agreement could lead to a lifting of U.S. sanctions and more Iranian crude on the market. But tensions rose after U.S. air strikes on Sunday against Iran-backed militias in Iraq and Syria.  ""We do not currently expect Iranian exports to return anytime soon, in other words, so OPEC+ should have free rein at its meeting,"" said Commerzbank analyst Eugen Weinberg.', 'LONDON: Oil prices slipped on Monday after hitting more than 2-1/2 year highs earlier in the session, as a spike in COVID-19 cases in Asia put a brake on their rally before this week\'s OPEC+ meeting.Brent was down 20 cents, or 0.3%, to $75.98 a barrel at 1040 GMT, after climbing to $76.60, its highest since October 2018. U.S. crude was 10 cents, or 0.1%, lower at $73.95 a barrel.But analysts said the rally had not yet run out of steam.""With sentiment running high, market watchers say crude prices are likely to keep rising ... Vaccination rollouts and strong summer demand make for a potent bullish cocktail,"" said Stephen Brennock of oil broker PVM.Oil prices rose for a fifth week last week as fuel demand rebounded on strong economic growth and increased travel during the northern hemisphere summer, while crude supplies were tight as the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, maintained production cuts.OPEC+ is gradually easing those curbs, adding 2.1 million barrels per day (bpd) to the market from May to July. OPEC+, which meets on July 1, could decide to add further barrels in August as oil prices rise with recovering demand.ANZ and ING expect OPEC+ to increase output by about 500,000 bpd in August, which is likely to support higher prices.Rising COVID-19 cases in Asia have however put a modest dampener on the outlook. Indonesia is battling record-high cases, Malaysia is set to extend a lockdown and Thailand has announced new COVID-related restrictions.Australia also reported on Sunday one of the highest numbers of locally acquired coronavirus cases this year, triggering lockdowns in some cities.  Iran and the United States are expected to resume indirect talks on reviving a pact over Tehran\'s nuclear work. Agreement could lead to a lifting of U.S. sanctions and more Iranian crude on the market. But tensions rose after U.S. air strikes on Sunday against Iran-backed militias in Iraq and Syria.  ""We do not currently expect Iranian exports to return anytime soon, in other words, so OPEC+ should have free rein at its meeting,"" said Commerzbank analyst Eugen Weinberg.']","['SINGAPORE oil prices slipped on monday after hitting more than 2.5-year highs earlier in the session, as a spike in Covid-19 cases in asia put a brake on their rally before this weeks OPEC+ meeting.brent was down $0.2, or 0.3%, to $75.98 a barrel at 1040 GMT, after climbing to $76.60, its highest since october 2018. US crude was $0.1, or 0.1%, lower at $73.95 a barrel.but analysts said the rally had not yet run out of steam.with sentiment running high, market watchers say crude prices are likely to keep rising . vaccination rollouts and strong summer demand make for a potent bullish cocktail, said stephen brennock of oil broker PVM.Oil prices rose for a fifth week last week as fuel demand rebounded on strong economic growth and increased travel during the northern hemisphere summer, while crude supplies were tight as the organisation of the petroleum exporting countries and its allies, a group known as OPEC+, maintained production cuts.OPEC+ is gradually easing those curbs, adding 2.1 million barrels per day (bpd) to the market from may to july. OPEC+, which meets on july 1, could decide to add further barrels in august as oil prices rise with recovering demand.ANZ and ING expect OPEC+ to increase output by about 500,000 bpd in august, which is likely to support higher prices.rising Covid-19 cases in asia have, however, put a modest dampener on the outlook. indonesia is battling record high cases, malaysia is set to extend a lockdown and thailand has announced new Covid-related restrictions.australia also reported on sunday one of the highest numbers of locally acquired coronavirus cases this year, triggering lockdowns in some cities.iran and the united states are expected to resume indirect talks on reviving a pact over tehrans nuclear work.an agreement could lead to a lifting of US sanctions and more iranian crude on the market. but tensions rose after US air strikes on sunday against Iran-backed militias in iraq and Syria.We do not currently expect iranian exports to return anytime soon, in other words, so OPEC+ should have free rein at its meeting, said commerzbank analyst eugen weinberg.', 'SINGAPORE oil prices slipped on monday after hitting more than 2.5-year highs earlier in the session, as a spike in Covid-19 cases in asia put a brake on their rally before this weeks OPEC+ meeting.brent was down $0.2, or 0.3%, to $75.98 a barrel at 1040 GMT, after climbing to $76.60, its highest since october 2018. US crude was $0.1, or 0.1%, lower at $73.95 a barrel.but analysts said the rally had not yet run out of steam.with sentiment running high, market watchers say crude prices are likely to keep rising . vaccination rollouts and strong summer demand make for a potent bullish cocktail, said stephen brennock of oil broker PVM.Oil prices rose for a fifth week last week as fuel demand rebounded on strong economic growth and increased travel during the northern hemisphere summer, while crude supplies were tight as the organisation of the petroleum exporting countries and its allies, a group known as OPEC+, maintained production cuts.OPEC+ is gradually easing those curbs, adding 2.1 million barrels per day (bpd) to the market from may to july. OPEC+, which meets on july 1, could decide to add further barrels in august as oil prices rise with recovering demand.ANZ and ING expect OPEC+ to increase output by about 500,000 bpd in august, which is likely to support higher prices.rising Covid-19 cases in asia have, however, put a modest dampener on the outlook. indonesia is battling record high cases, malaysia is set to extend a lockdown and thailand has announced new Covid-related restrictions.australia also reported on sunday one of the highest numbers of locally acquired coronavirus cases this year, triggering lockdowns in some cities.iran and the united states are expected to resume indirect talks on reviving a pact over tehrans nuclear work.an agreement could lead to a lifting of US sanctions and more iranian crude on the market. but tensions rose after US air strikes on sunday against Iran-backed militias in iraq and Syria.We do not currently expect iranian exports to return anytime soon, in other words, so OPEC+ should have free rein at its meeting, said commerzbank analyst eugen weinberg.', 'LONDON oil prices slipped on monday after hitting more than 2-1/2 year highs earlier in the session, as a spike in COVID-19 cases in asia put a brake on their rally before this week OPEC+ meeting.brent was down 20 cents, or 0.3%, to $75.98 a barrel at 1040 GMT, after climbing to $76.60, its highest since october 2018. U.S. crude was 10 cents, or 0.1%, lower at $73.95 a barrel.but analysts said the rally had not yet run out of steam.""with sentiment running high, market watchers say crude prices are likely to keep rising . vaccination rollouts and strong summer demand make for a potent bullish cocktail,"" said stephen brennock of oil broker PVM.Oil prices rose for a fifth week last week as fuel demand rebounded on strong economic growth and increased travel during the northern hemisphere summer, while crude supplies were tight as the organization of the petroleum exporting countries and its allies, a group known as OPEC+, maintained production cuts.OPEC+ is gradually easing those curbs, adding 2.1 million barrels per day (bpd) to the market from may to july. OPEC+, which meets on july 1, could decide to add further barrels in august as oil prices rise with recovering demand.ANZ and ING expect OPEC+ to increase output by about 500,000 bpd in august, which is likely to support higher prices.rising COVID-19 cases in asia have however put a modest dampener on the outlook. indonesia is battling record-high cases, malaysia is set to extend a lockdown and thailand has announced new COVID-related restrictions.australia also reported on sunday one of the highest numbers of locally acquired coronavirus cases this year, triggering lockdowns in some cities. iran and the united states are expected to resume indirect talks on reviving a pact over tehran nuclear work. agreement could lead to a lifting of U.S. sanctions and more iranian crude on the market. but tensions rose after U.S. air strikes on sunday against Iran-backed militias in iraq and syria. ""we do not currently expect iranian exports to return anytime soon, in other words, so OPEC+ should have free rein at its meeting,"" said commerzbank analyst eugen weinberg.', 'LONDON oil prices slipped on monday after hitting more than 2-1/2 year highs earlier in the session, as a spike in COVID-19 cases in asia put a brake on their rally before this week OPEC+ meeting.brent was down 20 cents, or 0.3%, to $75.98 a barrel at 1040 GMT, after climbing to $76.60, its highest since october 2018. U.S. crude was 10 cents, or 0.1%, lower at $73.95 a barrel.but analysts said the rally had not yet run out of steam.""with sentiment running high, market watchers say crude prices are likely to keep rising . vaccination rollouts and strong summer demand make for a potent bullish cocktail,"" said stephen brennock of oil broker PVM.Oil prices rose for a fifth week last week as fuel demand rebounded on strong economic growth and increased travel during the northern hemisphere summer, while crude supplies were tight as the organization of the petroleum exporting countries and its allies, a group known as OPEC+, maintained production cuts.OPEC+ is gradually easing those curbs, adding 2.1 million barrels per day (bpd) to the market from may to july. OPEC+, which meets on july 1, could decide to add further barrels in august as oil prices rise with recovering demand.ANZ and ING expect OPEC+ to increase output by about 500,000 bpd in august, which is likely to support higher prices.rising COVID-19 cases in asia have however put a modest dampener on the outlook. indonesia is battling record-high cases, malaysia is set to extend a lockdown and thailand has announced new COVID-related restrictions.australia also reported on sunday one of the highest numbers of locally acquired coronavirus cases this year, triggering lockdowns in some cities. iran and the united states are expected to resume indirect talks on reviving a pact over tehran nuclear work. agreement could lead to a lifting of U.S. sanctions and more iranian crude on the market. but tensions rose after U.S. air strikes on sunday against Iran-backed militias in iraq and syria. ""we do not currently expect iranian exports to return anytime soon, in other words, so OPEC+ should have free rein at its meeting,"" said commerzbank analyst eugen weinberg.']","['https://tribune.com.pk/story/2307757/oil-slips-after-hitting-highest-since-2018-before-opec-talks', 'https://tribune.com.pk/story/2307757/oil-slips-after-hitting-highest-since-2018-before-opec-talks', 'https://www.brecorder.com/news/40103459/oil-slips-after-hitting-highest-since-2018-before-opec-talks', 'https://www.brecorder.com/news/40103459/oil-slips-after-hitting-highest-since-2018-before-opec-talks']","['brent, , ']","['oil prices slip', 'brent was down', 'oil prices slip', 'brent was down']","['neg', 'neg', 'neg', 'neg']",96.77,"[-1.78, -1.43, -1.78, -1.43]",-1.6,-3,-3,-2,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The technical indicators, especially the aggregated market signal, indicate a strong sell sentiment. Investors should consider selling their positions or reducing exposure to the market. This recommendation is solely based on technical indicators since the news impact is not significant.""
}"
6/29/2021,"['Oil drops as COVID-19 surges threaten fuel demand outlook', 'Oil drops as COVID-19 surges threaten fuel demand outlook']","['oil drops as COVID-19 surges threaten fuel demand outlook', 'oil drops as COVID-19 surges threaten fuel demand outlook']","['Business Recorder', 'Business Recorder']","['MELBOURNE: Oil prices dropped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious COVID-19 variant Delta sparked new mobility restrictions around the world.Brent crude futures fell 26 cents, or 0.4% to $74.42 a barrel by 0651 GMT, after slumping 2% on Monday.US West Texas Intermediate (WTI) crude futures fell 19 cents, or 0.3%, to $72.72 a barrel, extending a 1.5% loss on Monday.The flare-up in cases of the Delta variant comes as the Organization of the Petroleum Exporting Countries (OPEC), Russia and allies, together known as OPEC+, are set to meet on July 1 to discuss easing their supply curbs.OPEC\'s demand forecasts show that in the fourth quarter global oil supply will fall short of demand by 2.2 million barrels per day (bpd), giving the producers some room to agree to add output.Analysts expect OPEC+ to step up supply in August as the market has tightened on strong growth in fuel demand in the United States and China, the world\'s two biggest oil consumers.""We expect the cartel to release 250 (thousand barrels per day) of supply curbs from August onwards. Failure to turn on the taps further may see Brent top $80 (a barrel) by next month,"" said Howie Lee, economist at OCBC Treasury Research in Singapore.Spain and Portugal, favourite summer holiday destinations for Europeans, imposed new restrictions on unvaccinated Britons on Monday, while 80% of Australians faced tighter curbs due to flare-ups of the virus across the country.Talks on a travel corridor between the United States and Britain also slowed, partly on concerns about a rise in cases of the Delta variant in Britain, the Financial Times reported, citing officials.Investors will be looking to the latest US inventory data for cues on the outlook for demand. Crude stocks likely extended their fall for a sixth straight week, while gasoline stocks also declined, a preliminary Reuters poll showed.Seven analysts estimated, on average, that US crude stocks fell by about 4.5 million barrels in the week to June 25, in a poll conducted ahead of reports from the American Petroleum Institute, an industry group, on Tuesday and the Energy Information Administration (EIA), on Wednesday.', 'MELBOURNE: Oil prices dropped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious COVID-19 variant Delta sparked new mobility restrictions around the world.Brent crude futures fell 26 cents, or 0.4% to $74.42 a barrel by 0651 GMT, after slumping 2% on Monday.US West Texas Intermediate (WTI) crude futures fell 19 cents, or 0.3%, to $72.72 a barrel, extending a 1.5% loss on Monday.The flare-up in cases of the Delta variant comes as the Organization of the Petroleum Exporting Countries (OPEC), Russia and allies, together known as OPEC+, are set to meet on July 1 to discuss easing their supply curbs.OPEC\'s demand forecasts show that in the fourth quarter global oil supply will fall short of demand by 2.2 million barrels per day (bpd), giving the producers some room to agree to add output.Analysts expect OPEC+ to step up supply in August as the market has tightened on strong growth in fuel demand in the United States and China, the world\'s two biggest oil consumers.""We expect the cartel to release 250 (thousand barrels per day) of supply curbs from August onwards. Failure to turn on the taps further may see Brent top $80 (a barrel) by next month,"" said Howie Lee, economist at OCBC Treasury Research in Singapore.Spain and Portugal, favourite summer holiday destinations for Europeans, imposed new restrictions on unvaccinated Britons on Monday, while 80% of Australians faced tighter curbs due to flare-ups of the virus across the country.Talks on a travel corridor between the United States and Britain also slowed, partly on concerns about a rise in cases of the Delta variant in Britain, the Financial Times reported, citing officials.Investors will be looking to the latest US inventory data for cues on the outlook for demand. Crude stocks likely extended their fall for a sixth straight week, while gasoline stocks also declined, a preliminary Reuters poll showed.Seven analysts estimated, on average, that US crude stocks fell by about 4.5 million barrels in the week to June 25, in a poll conducted ahead of reports from the American Petroleum Institute, an industry group, on Tuesday and the Energy Information Administration (EIA), on Wednesday.']","['MELBOURNE oil prices dropped for a second day on tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious COVID-19 variant delta sparked new mobility restrictions around the world.brent crude futures fell 26 cents, or 0.4% to $74.42 a barrel by 0651 GMT, after slumping 2% on Monday.US west texas intermediate (WTI) crude futures fell 19 cents, or 0.3%, to $72.72 a barrel, extending a 1.5% loss on Monday.The flare-up in cases of the delta variant comes as the organization of the petroleum exporting countries (OPEC), russia and allies, together known as OPEC+, are set to meet on july 1 to discuss easing their supply curbs.OPEC demand forecasts show that in the fourth quarter global oil supply will fall short of demand by 2.2 million barrels per day (bpd), giving the producers some room to agree to add output.analysts expect OPEC+ to step up supply in august as the market has tightened on strong growth in fuel demand in the united states and china, the world two biggest oil consumers.""we expect the cartel to release 250 (thousand barrels per day) of supply curbs from august onwards. failure to turn on the taps further may see brent top $80 (a barrel) by next month,"" said howie lee, economist at OCBC treasury research in Singapore.Spain and portugal, favourite summer holiday destinations for europeans, imposed new restrictions on unvaccinated britons on monday, while 80% of australians faced tighter curbs due to flare-ups of the virus across the country.talks on a travel corridor between the united states and britain also slowed, partly on concerns about a rise in cases of the delta variant in britain, the financial times reported, citing officials.investors will be looking to the latest US inventory data for cues on the outlook for demand. crude stocks likely extended their fall for a sixth straight week, while gasoline stocks also declined, a preliminary reuters poll showed.seven analysts estimated, on average, that US crude stocks fell by about 4.5 million barrels in the week to june 25, in a poll conducted ahead of reports from the american petroleum institute, an industry group, on tuesday and the energy information administration (EIA), on wednesday.', 'MELBOURNE oil prices dropped for a second day on tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious COVID-19 variant delta sparked new mobility restrictions around the world.brent crude futures fell 26 cents, or 0.4% to $74.42 a barrel by 0651 GMT, after slumping 2% on Monday.US west texas intermediate (WTI) crude futures fell 19 cents, or 0.3%, to $72.72 a barrel, extending a 1.5% loss on Monday.The flare-up in cases of the delta variant comes as the organization of the petroleum exporting countries (OPEC), russia and allies, together known as OPEC+, are set to meet on july 1 to discuss easing their supply curbs.OPEC demand forecasts show that in the fourth quarter global oil supply will fall short of demand by 2.2 million barrels per day (bpd), giving the producers some room to agree to add output.analysts expect OPEC+ to step up supply in august as the market has tightened on strong growth in fuel demand in the united states and china, the world two biggest oil consumers.""we expect the cartel to release 250 (thousand barrels per day) of supply curbs from august onwards. failure to turn on the taps further may see brent top $80 (a barrel) by next month,"" said howie lee, economist at OCBC treasury research in Singapore.Spain and portugal, favourite summer holiday destinations for europeans, imposed new restrictions on unvaccinated britons on monday, while 80% of australians faced tighter curbs due to flare-ups of the virus across the country.talks on a travel corridor between the united states and britain also slowed, partly on concerns about a rise in cases of the delta variant in britain, the financial times reported, citing officials.investors will be looking to the latest US inventory data for cues on the outlook for demand. crude stocks likely extended their fall for a sixth straight week, while gasoline stocks also declined, a preliminary reuters poll showed.seven analysts estimated, on average, that US crude stocks fell by about 4.5 million barrels in the week to june 25, in a poll conducted ahead of reports from the american petroleum institute, an industry group, on tuesday and the energy information administration (EIA), on wednesday.']","['https://www.brecorder.com/news/40103694/oil-drops-as-covid-19-surges-threaten-fuel-demand-outlook', 'https://www.brecorder.com/news/40103694/oil-drops-as-covid-19-surges-threaten-fuel-demand-outlook']","['brent, , ']","['oil prices dropped', 'US crude stocks fell']","['neg', 'neg']",94.27,"[-1.61, -1.04]",-1.32,-2,-1,-3,0,
7/2/2021,['Pakistan Oilfields Limited (POL)'],['pakistan oilfields limited (POL)'],['Business Recorder'],"['Pakistan Oilfields Limited (PSX: POL) is a key player in the local E&P oil and gas sector primarily engaged in the exploration, drilling and production of crude oil and gas in the country. It is a subsidiary of the Attock Oil Company Limited (AOC).Its product portfolio includes crude oil and natural gas, and it also produces LPG that it markets under its brand name POLGAS as well as its subsidiary, CAPGAS (Private) Limited. POL also produces solvent oil and Sulphur and has a vast pipeline network for transporting the crude oil to the group’s refinery, and its associate company: Attock Refinery Limited (ATRL). Company associates and shareholdings. More than half of the company’s shareholding rests with the Attock Oil Company (AOC), which is the group. A category-wise breakup of the shareholding is shown in the illustration. Besides Attock Refinery Limited, POL’s other associate companies include National Refinery (NRL), Attock Petroleum Limited (APL), Attock Cement Limited, Attock Gen. Limited, and Attock Information Technology Services.POL in the last 5 years POL has been an oil heavy company where its crude oil revenues have accounted for over 55-60 percent in the past, while natural gas has accounted for 20-25 percent of the total sales; A look back at FY15 shows that even though the company witnessed positive growth on the volume side especially that of crude oil, POL suffered at the hands of declining crude oil prices; At the same time higher exploration and prospecting expenditure further axed the profits for the year.  The company’s revenue growth in FY16 remianed constrained as the oil prices touched historic lows, which also impacted the bottomline that declined by 14 percent, year-on-year. But unlike FY15 where the firm showed positive growth in production volumes, FY16 was marred with slowing down production by around 2-3 percent. This time however, some respite to the bottomline came from lower exploration and prospecting expenditure. FY17 was a better year for the E&P sector as the oil prices rebounded and POL’s revenues and earnings were up by 10 percent and 34 percent, year-on-year respectively after continuously declining for the two years. Where exploration costs remained under control POL witnessed a drop in production flows from its key Tal block.  FY18 was successful for POL in terms of new finds and operations. In FY18, POL made four new exploratory successes. Three of its development wells were also successful in the fiscal year. Revenues climbed by over 19 percent, and earnings grew by 17.6 percent, year-on-year. Growth in the topline came from better crude oil prices as well as highest crude oil production in the company’s 10-year history. Exploration costs remained on the higher side for POL in FY18 due to seismic acquisition of Balkassar Lease, DG Khan and Gurgalot block, and dry and abandoned wells and some irrecoverable costs. What was an added factor to company’s profitability in FY18 was the in exchange gains due to depreciating currency. FY19 was outlined as a better year for the oil and gas exploration and production companies not only because of higher average oil prices, but also a significant domestic currency devaluation. Both these factors were key drivers for earnings accretion for the E&P companies in FY19. POL also saw its topline grow by 25 percent, year-on-year, which came from around 14 percent year-on-year increase in international crude oil prices. On the other hand, volumetric sales remained tepid especially of crude oil with only slight increase in gas volumes. POL’s earnings for FY19 jumped by 48 percent, year-on-year; and apart from topline growth, lower exploration and prospecting costs and almost double other income helped lift the company’s bottomline. The main factor behind lower exploration and prospecting was the absence of a dry well and also lower seismic acquisition. And other income increased due to currency devaluation.  FY20 was marred by COVID-19 and the lockdown, as well as the crash in oil prices which were key reasons for slowing earnings growth for the oil and gas exploration and production sector. Overall, POL’s revenues came down by 13 percent, year-on-year, where the 4QFY20 saw a 48 percent decline in sales revenue. The decline in revenue was due to falling volumetric sales as well as oil prices. During FY20, oil and gas production for POL plummeted by 13 and 9 percent year-on-year, respectively, while the average oil prices tumbled by 25-26 percent year-on-year. On the expense side, exploration and prospecting expenditure remained lower in FY20 due to the absence of any dry well during the year. With lower interest rates during, other income and finance costs also decline for POL. POL’s earnings in FY20 were hence flat. During the first nine-months of FY20, the company posted a growth of over 24 percent year-on-year in its earnings, showing that the fourth quarter (4QFY20) was a drag on the bottomline.  The earnings growth depends largely on international oil prices to pick up as production volumes have been diminishing in the E&P sector for quite some time. POL in FY21 and beyondAmid falling reserves, and fewer as well as small discoveries in a low crude oil price environment FY21 started off weakfor the oil and gas sector. Decline in production flows has been a key factor for falling revenues for the sector.POL’s revenues for 9MFY21 slipped by 13 percent year-on-year with 3QFY21 topline receding by 8 percent. While the 3QFY21 has been better in terms of oil prices that witnessed a recovery year-on-year, the production stats were weak with oil and gas production down by around 5 and 7 percent year-on-year. The decline in Pakistan Oilfields Limited’s (PSX: POL) earnings was 31 percent year-on-year during 9MFY21. POL’s profitability was also affected by decrease in other income likely due to higher quantum of exchange losses. Going forward, the fourth quarter is likelyto fare better for the oil andgas exploration and production sector due to jump in crude oil prices. © Copyright Business Recorder, 2021']","['pakistan oilfields limited (PSX POL) is a key player in the local E&P oil and gas sector primarily engaged in the exploration, drilling and production of crude oil and gas in the country. it is a subsidiary of the attock oil company limited (AOC).Its product portfolio includes crude oil and natural gas, and it also produces LPG that it markets under its brand name POLGAS as well as its subsidiary, CAPGAS (Private) limited. POL also produces solvent oil and sulphur and has a vast pipeline network for transporting the crude oil to the groups refinery, and its associate company attock refinery limited (ATRL). company associates and shareholdings. more than half of the companys shareholding rests with the attock oil company (AOC), which is the group. A category-wise breakup of the shareholding is shown in the illustration. besides attock refinery limited, POLs other associate companies include national refinery (NRL), attock petroleum limited (APL), attock cement limited, attock gen. limited, and attock information technology Services.POL in the last 5 years POL has been an oil heavy company where its crude oil revenues have accounted for over 55-60 percent in the past, while natural gas has accounted for 20-25 percent of the total sales A look back at FY15 shows that even though the company witnessed positive growth on the volume side especially that of crude oil, POL suffered at the hands of declining crude oil prices at the same time higher exploration and prospecting expenditure further axed the profits for the year. the companys revenue growth in FY16 remianed constrained as the oil prices touched historic lows, which also impacted the bottomline that declined by 14 percent, year-on-year. but unlike FY15 where the firm showed positive growth in production volumes, FY16 was marred with slowing down production by around 2-3 percent. this time however, some respite to the bottomline came from lower exploration and prospecting expenditure. FY17 was a better year for the E&P sector as the oil prices rebounded and POLs revenues and earnings were up by 10 percent and 34 percent, year-on-year respectively after continuously declining for the two years. where exploration costs remained under control POL witnessed a drop in production flows from its key tal block. FY18 was successful for POL in terms of new finds and operations. in FY18, POL made four new exploratory successes. three of its development wells were also successful in the fiscal year. revenues climbed by over 19 percent, and earnings grew by 17.6 percent, year-on-year. growth in the topline came from better crude oil prices as well as highest crude oil production in the companys 10-year history. exploration costs remained on the higher side for POL in FY18 due to seismic acquisition of balkassar lease, DG khan and gurgalot block, and dry and abandoned wells and some irrecoverable costs. what was an added factor to companys profitability in FY18 was the in exchange gains due to depreciating currency. FY19 was outlined as a better year for the oil and gas exploration and production companies not only because of higher average oil prices, but also a significant domestic currency devaluation. both these factors were key drivers for earnings accretion for the E&P companies in FY19. POL also saw its topline grow by 25 percent, year-on-year, which came from around 14 percent year-on-year increase in international crude oil prices. on the other hand, volumetric sales remained tepid especially of crude oil with only slight increase in gas volumes. POLs earnings for FY19 jumped by 48 percent, year-on-year and apart from topline growth, lower exploration and prospecting costs and almost double other income helped lift the companys bottomline. the main factor behind lower exploration and prospecting was the absence of a dry well and also lower seismic acquisition. and other income increased due to currency devaluation. FY20 was marred by COVID-19 and the lockdown, as well as the crash in oil prices which were key reasons for slowing earnings growth for the oil and gas exploration and production sector. overall, POLs revenues came down by 13 percent, year-on-year, where the 4QFY20 saw a 48 percent decline in sales revenue. the decline in revenue was due to falling volumetric sales as well as oil prices. during FY20, oil and gas production for POL plummeted by 13 and 9 percent year-on-year, respectively, while the average oil prices tumbled by 25-26 percent year-on-year. on the expense side, exploration and prospecting expenditure remained lower in FY20 due to the absence of any dry well during the year. with lower interest rates during, other income and finance costs also decline for POL. POLs earnings in FY20 were hence flat. during the first nine-months of FY20, the company posted a growth of over 24 percent year-on-year in its earnings, showing that the fourth quarter (4QFY20) was a drag on the bottomline. the earnings growth depends largely on international oil prices to pick up as production volumes have been diminishing in the E&P sector for quite some time. POL in FY21 and beyondamid falling reserves, and fewer as well as small discoveries in a low crude oil price environment FY21 started off weakfor the oil and gas sector. decline in production flows has been a key factor for falling revenues for the sector.POLs revenues for 9MFY21 slipped by 13 percent year-on-year with 3QFY21 topline receding by 8 percent. while the 3QFY21 has been better in terms of oil prices that witnessed a recovery year-on-year, the production stats were weak with oil and gas production down by around 5 and 7 percent year-on-year. the decline in pakistan oilfields limiteds (PSX POL) earnings was 31 percent year-on-year during 9MFY21. POLs profitability was also affected by decrease in other income likely due to higher quantum of exchange losses. going forward, the fourth quarter is likelyto fare better for the oil andgas exploration and production sector due to jump in crude oil prices. ']",['https://www.brecorder.com/news/40104382/pakistan-oilfields-limited-pol'],"['APL, , ']",['oil prices tumbled'],['neg'],95.69,[-1.63],-1.63,-3,-3,-3,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The overall news sentiment is not significant, and the market signal suggests a sell. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market to mitigate potential losses.""
}"
7/6/2021,['Oil extend gains on prospects of tighter supply as OPEC+ talks called off'],['oil extend gains on prospects of tighter supply as OPEC+ talks called off'],['Business Recorder'],"['TOKYO: Oil prices extended gains on Tuesday, with Brent and WTI hitting their highest since 2018 on expectations that supplies will tighten further after OPEC+ talks were called off just as global fuel demand recovers.Brent crude climbed 32 cents, or 0.4%, to $77.48 a barrel by 0408 GMT, after gaining 1.3% on Monday. It reached the highest since October 29, 2018 at $77.61 earlier in the session.US West Texas Intermediate (WTI) crude futures were at $76.69 a barrel, up $1.53, or 2.0%, from Friday\'s close, having traded through a US holiday to mark Independence Day without a settlement. It had earlier hit its highest since Oct. 3, 2018 of $76.77 a barrel, just shy of the $76.90 peak that was WTI\'s highest since October 2018.Ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, called off oil output talks and set no new date to resume them, after clashing last week when the United Arab Emirates rejected a proposed eight-month extension to output curbs, meaning no deal to boost production has been agreed.""Expectations of OPEC+ not adding the extra supply to the market from August lent support on Monday, but investors are not keen to move in either direction from here due to uncertainty over actual actions by the OPEC+ members from next month,"" said Toshitaka Tazawa, an analyst at commodities broker Fujitomi Co.Iraqi Oil Minister Ihsan Abdul Jabbar said on Monday that his country is committed to the current agreement with OPEC and its allies and does not want to see oil prices soaring above current levels to achieve stability.He also said he hopes that in 10 days there could be a date for the next meeting.OPEC+ agreed on record output cuts in 2020 to cope with a COVID 19-induced price crash.The producers have been gradually easing the output restrictions, but a plan on Friday to lift output by about 2 million barrels per day (bpd) from August to December 2021 and to extend the pact on a series of gradual output shifts to the end of 2022 was blocked by the UAE.""The sticking point focuses on UAE production levels under more normal circumstances. This is an issue we would expect OPEC to resolve prior to the termination of the current agreement in April 2022,"" Alan Gelder, vice president at Wood Mackenzie, said in a report.""These discussions will, however, likely prove difficult and protracted.""']","['TOKYO oil prices extended gains on tuesday, with brent and WTI hitting their highest since 2018 on expectations that supplies will tighten further after OPEC+ talks were called off just as global fuel demand recovers.brent crude climbed 32 cents, or 0.4%, to $77.48 a barrel by 0408 GMT, after gaining 1.3% on monday. it reached the highest since october 29, 2018 at $77.61 earlier in the session.US west texas intermediate (WTI) crude futures were at $76.69 a barrel, up $1.53, or 2.0%, from friday close, having traded through a US holiday to mark independence day without a settlement. it had earlier hit its highest since oct. 3, 2018 of $76.77 a barrel, just shy of the $76.90 peak that was WTI highest since october 2018.ministers of the organization of the petroleum exporting countries (OPEC) and its allies, a group known as OPEC+, called off oil output talks and set no new date to resume them, after clashing last week when the united arab emirates rejected a proposed eight-month extension to output curbs, meaning no deal to boost production has been agreed.""expectations of OPEC+ not adding the extra supply to the market from august lent support on monday, but investors are not keen to move in either direction from here due to uncertainty over actual actions by the OPEC+ members from next month,"" said toshitaka tazawa, an analyst at commodities broker fujitomi Co.Iraqi oil minister ihsan abdul jabbar said on monday that his country is committed to the current agreement with OPEC and its allies and does not want to see oil prices soaring above current levels to achieve stability.he also said he hopes that in 10 days there could be a date for the next meeting.OPEC+ agreed on record output cuts in 2020 to cope with a COVID 19-induced price crash.the producers have been gradually easing the output restrictions, but a plan on friday to lift output by about 2 million barrels per day (bpd) from august to december 2021 and to extend the pact on a series of gradual output shifts to the end of 2022 was blocked by the UAE.""The sticking point focuses on UAE production levels under more normal circumstances. this is an issue we would expect OPEC to resolve prior to the termination of the current agreement in april 2022,"" alan gelder, vice president at wood mackenzie, said in a report.""these discussions will, however, likely prove difficult and protracted.""']",['https://www.brecorder.com/news/40105369/oil-extend-gains-on-prospects-of-tighter-supply-as-opec-talks-called-off'],"['brent, , ']",['brent crude climbed'],['pos'],95.29,[4.35],4.35,-3,-3,3,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The overall news sentiment is positive, but not above the threshold for a 'strong buy' signal. Additionally, the market signal suggests a 'strong sell'. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market to mitigate potential losses.""
}"
7/7/2021,"['Oil falls in volatile trade as investors try to make sense of OPEC spat', 'Oil drops sharply from multi-year highs']","['oil falls in volatile trade as investors try to make sense of OPEC spat', 'oil drops sharply from multi-year highs']","['Business Recorder', 'Business Recorder']","['NEW YORK: Oil prices fell about $1 a barrel on Wednesday in another seesaw trading session, as investors feared this week\'s collapse in OPEC+ talks could mean more supply, not less, is on the way.Crude markets have been volatile over the last two days following the breakdown of discussions between major oil producers Saudi Arabia and United Arab Emirates, signaling investors are unclear on what the OPEC+ standoff means for worldwide production.Brent crude was down 98 cents, or 1.3pc, at $73.55 a barrel by 12:52 p.m. EDT (1652 GMT). U.S. West Texas Intermediate shed $1.09, or 1.5pc, to $72.28. Earlier, both benchmarks had jumped $1 a barrel, similar to Tuesday\'s action.The Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, have restrained supply for more than a year since demand crashed during the coronavirus pandemic. The group is still maintaining nearly 6 million bpd of output cuts. It was expected to add to supply, but three days of meetings failed to close divisions between the Saudis and the Emiratis.For now, that means the existing agreement - which keeps supply restrained more - remains in force. But the breakdown also could lead producers, eager to capitalize on the rebound in demand, to start supplying more oil.    ""There\'s a growing sense that the OPEC disarray isn\'t necessarily bullish for prices after all because the real risk is the whole thing falls apart, becomes a free for all, and a lot more oil potentially gets put on the market,"" said John Kilduff, partner at Again Capital in New York.Russia is now leading efforts to close divisions between the Saudis and UAE to help strike a deal to raise oil output in coming months, three OPEC+ sources said.Saudi Energy Minister Prince Abdulaziz bin Salman dampened concerns of a price war in an interview with CNBC on Tuesday.Oil prices were also pressured by a rally in the U.S. dollar, which typically moves inversely with crude prices, Kilduff said.The first of this week\'s two reports on U.S. inventories, from the American Petroleum Institute, is out at 4:30 p.m. EDT (2030 GMT). Analysts expect crude stocks to fall by 3.9 million barrels.', 'DUBAI: Oil prices tumbled on Tuesday in a volatile session after OPEC producers cancelled a meeting when major players were unable to come to an agreement to increase supply. Brent crude settled down $2.63 a barrel, or 3.4%, to $74.53, after hitting a session peak of $77.84, its highest since October 2018.U.S. West Texas Intermediate (WTI) crude futures settled down $1.79, or 2.4%, to $73.37 after touching $76.98, highest since November 2014. On Monday, ministers from OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, abandoned talks after negotiations failed to close divisions between Saudi Arabia, the largest OPEC producer, and United Arab Emirates. Initially, oil rallied on news of the breakdown in talks, but prices retreated as traders focused on the possibility that the strife will cause some national producers to open the taps and start exporting more barrels. ""The market is concerned that the UAE will step in and unilaterally add barrels and other people in OPEC will follow suit,"" said Bob Yawger, director of energy futures at Mizuho.The United Arab Emirates said it would go along with output increases but rejected a separate proposal to extend curbs to the end of 2022 from an existing April deadline.Some OPEC+ sources said they still believed the group would resume discussions this month and agree to pump more from August, though others said current curbs might remain in place.The White House said Tuesday it was closely monitoring talks by OPEC+ and was ""encouraged"" after conversations with officials in Saudi Arabia and the United Arab Emirates.']","['NEW YORK oil prices fell about $1 a barrel on wednesday in another seesaw trading session, as investors feared this week collapse in OPEC+ talks could mean more supply, not less, is on the way.crude markets have been volatile over the last two days following the breakdown of discussions between major oil producers saudi arabia and united arab emirates, signaling investors are unclear on what the OPEC+ standoff means for worldwide production.brent crude was down 98 cents, or 1.3pc, at $73.55 a barrel by 12 52 p.m. EDT (1652 GMT). U.S. west texas intermediate shed $1.09, or 1.5pc, to $72.28. earlier, both benchmarks had jumped $1 a barrel, similar to tuesday action.the organization of the petroleum exporting countries and its allies including russia, known as OPEC+, have restrained supply for more than a year since demand crashed during the coronavirus pandemic. the group is still maintaining nearly 6 million bpd of output cuts. it was expected to add to supply, but three days of meetings failed to close divisions between the saudis and the Emiratis.For now, that means the existing agreement - which keeps supply restrained more - remains in force. but the breakdown also could lead producers, eager to capitalize on the rebound in demand, to start supplying more oil. ""there a growing sense that the OPEC disarray isn\'t necessarily bullish for prices after all because the real risk is the whole thing falls apart, becomes a free for all, and a lot more oil potentially gets put on the market,"" said john kilduff, partner at again capital in new York.Russia is now leading efforts to close divisions between the saudis and UAE to help strike a deal to raise oil output in coming months, three OPEC+ sources said.saudi energy minister prince abdulaziz bin salman dampened concerns of a price war in an interview with CNBC on Tuesday.Oil prices were also pressured by a rally in the U.S. dollar, which typically moves inversely with crude prices, kilduff said.the first of this week two reports on U.S. inventories, from the american petroleum institute, is out at 4 30 p.m. EDT (2030 GMT). analysts expect crude stocks to fall by 3.9 million barrels.', 'DUBAI oil prices tumbled on tuesday in a volatile session after OPEC producers cancelled a meeting when major players were unable to come to an agreement to increase supply. brent crude settled down $2.63 a barrel, or 3.4%, to $74.53, after hitting a session peak of $77.84, its highest since october 2018.U.S. west texas intermediate (WTI) crude futures settled down $1.79, or 2.4%, to $73.37 after touching $76.98, highest since november 2014. on monday, ministers from OPEC+, which includes the organization of the petroleum exporting countries (OPEC), russia and other producers, abandoned talks after negotiations failed to close divisions between saudi arabia, the largest OPEC producer, and united arab emirates. initially, oil rallied on news of the breakdown in talks, but prices retreated as traders focused on the possibility that the strife will cause some national producers to open the taps and start exporting more barrels. ""the market is concerned that the UAE will step in and unilaterally add barrels and other people in OPEC will follow suit,"" said bob yawger, director of energy futures at Mizuho.The united arab emirates said it would go along with output increases but rejected a separate proposal to extend curbs to the end of 2022 from an existing april deadline.some OPEC+ sources said they still believed the group would resume discussions this month and agree to pump more from august, though others said current curbs might remain in place.the white house said tuesday it was closely monitoring talks by OPEC+ and was ""encouraged"" after conversations with officials in saudi arabia and the united arab emirates.']","['https://www.brecorder.com/news/40105702/oil-falls-in-volatile-trade-as-investors-try-to-make-sense-of-opec-spat', 'https://www.brecorder.com/news/40105599/oil-drops-sharply-from-multi-year-highs']","['brent, , ']","['oil prices fell', 'oil prices tumbled']","['neg', 'neg']",94.58,"[-5.33, -1.63]",-3.48,-2,-3,3,1,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The technical indicators provide mixed signals, with EMA55 and EMA9 suggesting a sell while MACD and RSI indicating a buy. Given the conflicting signals, we recommend holding the position and monitoring the market closely for further clarity.""
}"
7/8/2021,"['Oil prices fall again as OPEC+ uncertainty weighs', 'Oil falls in volatile trade as investors try to make sense of OPEC spat']","['oil prices fall again as OPEC+ uncertainty weighs', 'oil falls in volatile trade as investors try to make sense of OPEC spat']","['Business Recorder', 'Business Recorder']","['LONDON: Oil prices fell for a third day on Thursday amid uncertainty about supplies after the collapse of OPEC+ talks this week raised the possibility that their deal to curb output could fall apart.Brent crude oil futures were down 35 cents, or 0.4%, at $73.08 a barrel by 1355 GMT and US West Texas Intermediate futures were down 51 cents, or 0.7%, at $71.69.Both contracts hit their lowest in about three weeks earlier in the session.But the Brent six-month spread remains in backwardation with the front-month price higher than later months. ""This suggests that no immediate flooding of the market is anticipated,"" PVM analysts said in a note.Oil falls in volatile trade as investors try to make sense of OPEC spatBrent prices have fallen as much as $5 a barrel since Monday\'s close after the collapse of negotiations on Monday between the Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+.Saudi Arabia refused demands from the United Arab Emirates to raise the amount it produced under terms of a pact on cutting supplies that was first agreed by OPEC+ in 2020, when oil prices have plunged due to the COVID-19 pandemic.The group is still holding back almost 6 million barrels per day (bpd) of output and had been expected reduce those cuts this year but three days of talks failed to resolve the dispute.Russia was trying to mediate to help to strike a deal to raise oil output, OPEC+ sources said on Wednesday.Concerns about the pandemic also weighed on prices. Japan, the world\'s fourth-largest oil user, is set to declare a state of emergency for the Tokyo area and South Korea reported its highest daily tally of COVID-19 cases. But prices found some support from a large drop in US inventories. Crude stockpiles in the world\'s biggest oil consumer fell by 8 million barrels for the week ended July 2, two market sources said, citing American Petroleum Institute figures.Government inventory data is due on Thursday, pushed back a day after a US holiday Monday.    A fall in US oil production is expected to slow this year, with the Energy Information Administration (EIA) saying on Wednesday output would 11.10 million bpd in 2021, more than previously forecast.', 'NEW YORK: Oil prices fell about $1 a barrel on Wednesday in another seesaw trading session, as investors feared this week’s collapse in OPEC+ talks could mean more supply, not less, is on the way.Crude markets have been volatile over the last two days following the breakdown of discussions between major oil producers Saudi Arabia and United Arab Emirates, signalling investors are unclear on what the OPEC+ standoff means for worldwide production.Brent crude was down 98 cents, or 1.3%, at $73.55 a barrel by 12:52 p.m. EDT (1652 GMT). US West Texas Intermediate shed $1.09, or 1.5%, to $72.28. Earlier, both benchmarks had jumped $1 a barrel, similar to Tuesday’s action.The Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, have restrained supply for more than a year since demand crashed during the coronavirus pandemic.The group is still maintaining nearly 6 million bpd of output cuts. It was expected to add to supply, but three days of meetings failed to close divisions between the Saudis and the Emiratis.For now, that means the existing agreement - which keeps supply restrained more - remains in force. But the breakdown also could lead producers, eager to capitalize on the rebound in demand, to start supplying more oil.“There’s a growing sense that the OPEC disarray isn’t necessarily bullish for prices after all because the real risk is the whole thing falls apart, becomes a free for all, and a lot more oil potentially gets put on the market,â€Â\x9d said John Kilduff, partner at Again Capital in New York.Russia is now leading efforts to close divisions between the Saudis and UAE to help strike a deal to raise oil output in coming months, three OPEC+ sources said.Saudi Energy Minister Prince Abdulaziz bin Salman dampened concerns of a price war in an interview with CNBC on Tuesday.Oil prices were also pressured by a rally in the US dollar, which typically moves inversely with crude prices, Kilduff said.The first of this week’s two reports on US inventories, from the American Petroleum Institute, is out at 4:30 p.m. EDT (2030 GMT). Analysts expect crude stocks to fall by 3.9 million barrels.']","['LONDON oil prices fell for a third day on thursday amid uncertainty about supplies after the collapse of OPEC+ talks this week raised the possibility that their deal to curb output could fall apart.brent crude oil futures were down 35 cents, or 0.4%, at $73.08 a barrel by 1355 GMT and US west texas intermediate futures were down 51 cents, or 0.7%, at $71.69.both contracts hit their lowest in about three weeks earlier in the session.but the brent six-month spread remains in backwardation with the front-month price higher than later months. ""this suggests that no immediate flooding of the market is anticipated,"" PVM analysts said in a note.oil falls in volatile trade as investors try to make sense of OPEC spatbrent prices have fallen as much as $5 a barrel since monday close after the collapse of negotiations on monday between the organization of the petroleum exporting countries and allies including russia, a group known as OPEC+.Saudi arabia refused demands from the united arab emirates to raise the amount it produced under terms of a pact on cutting supplies that was first agreed by OPEC+ in 2020, when oil prices have plunged due to the COVID-19 pandemic.the group is still holding back almost 6 million barrels per day (bpd) of output and had been expected reduce those cuts this year but three days of talks failed to resolve the dispute.russia was trying to mediate to help to strike a deal to raise oil output, OPEC+ sources said on Wednesday.Concerns about the pandemic also weighed on prices. japan, the world fourth-largest oil user, is set to declare a state of emergency for the tokyo area and south korea reported its highest daily tally of COVID-19 cases. but prices found some support from a large drop in US inventories. crude stockpiles in the world biggest oil consumer fell by 8 million barrels for the week ended july 2, two market sources said, citing american petroleum institute figures.government inventory data is due on thursday, pushed back a day after a US holiday monday. A fall in US oil production is expected to slow this year, with the energy information administration (EIA) saying on wednesday output would 11.10 million bpd in 2021, more than previously forecast.', 'NEW YORK oil prices fell about $1 a barrel on wednesday in another seesaw trading session, as investors feared this weeks collapse in OPEC+ talks could mean more supply, not less, is on the way.crude markets have been volatile over the last two days following the breakdown of discussions between major oil producers saudi arabia and united arab emirates, signalling investors are unclear on what the OPEC+ standoff means for worldwide production.brent crude was down 98 cents, or 1.3%, at $73.55 a barrel by 12 52 p.m. EDT (1652 GMT). US west texas intermediate shed $1.09, or 1.5%, to $72.28. earlier, both benchmarks had jumped $1 a barrel, similar to tuesdays action.the organization of the petroleum exporting countries and its allies including russia, known as OPEC+, have restrained supply for more than a year since demand crashed during the coronavirus pandemic.the group is still maintaining nearly 6 million bpd of output cuts. it was expected to add to supply, but three days of meetings failed to close divisions between the saudis and the Emiratis.For now, that means the existing agreement - which keeps supply restrained more - remains in force. but the breakdown also could lead producers, eager to capitalize on the rebound in demand, to start supplying more oil.theres a growing sense that the OPEC disarray isnt necessarily bullish for prices after all because the real risk is the whole thing falls apart, becomes a free for all, and a lot more oil potentially gets put on the market, said john kilduff, partner at again capital in new York.Russia is now leading efforts to close divisions between the saudis and UAE to help strike a deal to raise oil output in coming months, three OPEC+ sources said.saudi energy minister prince abdulaziz bin salman dampened concerns of a price war in an interview with CNBC on Tuesday.Oil prices were also pressured by a rally in the US dollar, which typically moves inversely with crude prices, kilduff said.the first of this weeks two reports on US inventories, from the american petroleum institute, is out at 4 30 p.m. EDT (2030 GMT). analysts expect crude stocks to fall by 3.9 million barrels.']","['https://www.brecorder.com/news/40105944/oil-prices-fall-again-as-opec-uncertainty-weighs', 'https://www.brecorder.com/news/40105787/oil-falls-in-volatile-trade-as-investors-try-to-make-sense-of-opec-spat']","['brent, , ']","['oil prices fell', 'oil prices fell']","['neg', 'neg']",95.69,"[-5.33, -5.33]",-5.33,-3,-3,3,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The overall news sentiment is significantly negative, and the market signal indicates a strong sell. Hence, we recommend selling or reducing positions to avoid potential losses.""
}"
7/12/2021,"['Oil prices slip as economic worries offset tightening supplies', 'Oil prices slip as economic worries offset tightening supplies', 'Oil prices fall $1 as economic worries offset tightening supplies']","['oil prices slip as economic worries offset tightening supplies', 'oil prices slip as economic worries offset tightening supplies', 'oil prices fall $1 as economic worries offset tightening supplies']","['Business Recorder', 'Business Recorder', 'Tribune']","['SINGAPORE: Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.Brent crude for September fell 15 cents, or 0.2%, to $75.40 a barrel by 0411 GMT while US West Texas Intermediate crude for August was at $74.44 a barrel, down 12 cents, or 0.2%.The spread of coronavirus variants and unequal access to vaccines threaten the global economic recovery, finance chiefs of the G20 large economies warned on Saturday.A Reuters tally of new COVID-19 infections shows them rising in 69 countries, with the daily rate pointing upwards since late-June and now hitting 478,000. Oil prices firm as US inventories decline""We\'ve not yet seen the impact but at this rate, it will hit demand sooner or later,"" a Singapore-based oil trader said.Oil prices slumped last Tuesday after the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, did not reach an agreement to increase output from August. This was because the United Arab Emirates rejected a proposed eight-month extension to OPEC+ output curbs.""Prices are going to stay volatile for as long as the impasse remains,"" said Howie Lee, an economist at Singapore\'s OCBC bank.""On the surface it looks like it should support prices, but the risk remains that a complete breakdown will result in a price war not dissimilar to last year,"" he said, but added that the probability of the latter event was low.The world\'s top oil exporter Saudi Arabia met full contractual demand for crude oil from five buyers in August, but turned down at least two requests for additional volumes.Front-month WTI crude futures posted their sixth weekly gain last week after a bullish report from the US Energy Information Administration showed US crude and gasoline stocks fell while gasoline demand reached its highest since 2019.In response to higher oil prices, US energy firms added oil and natural gas rigs for a second week in a row, data from Baker Hughes showed.', 'SINGAPORE: Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.Brent crude for September fell 15 cents, or 0.2%, to $75.40 a barrel by 0411 GMT while US West Texas Intermediate crude for August was at $74.44 a barrel, down 12 cents, or 0.2%.The spread of coronavirus variants and unequal access to vaccines threaten the global economic recovery, finance chiefs of the G20 large economies warned on Saturday.A Reuters tally of new COVID-19 infections shows them rising in 69 countries, with the daily rate pointing upwards since late-June and now hitting 478,000. Oil prices firm as US inventories decline""We\'ve not yet seen the impact but at this rate, it will hit demand sooner or later,"" a Singapore-based oil trader said.Oil prices slumped last Tuesday after the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, did not reach an agreement to increase output from August. This was because the United Arab Emirates rejected a proposed eight-month extension to OPEC+ output curbs.""Prices are going to stay volatile for as long as the impasse remains,"" said Howie Lee, an economist at Singapore\'s OCBC bank.""On the surface it looks like it should support prices, but the risk remains that a complete breakdown will result in a price war not dissimilar to last year,"" he said, but added that the probability of the latter event was low.The world\'s top oil exporter Saudi Arabia met full contractual demand for crude oil from five buyers in August, but turned down at least two requests for additional volumes.Front-month WTI crude futures posted their sixth weekly gain last week after a bullish report from the US Energy Information Administration showed US crude and gasoline stocks fell while gasoline demand reached its highest since 2019.In response to higher oil prices, US energy firms added oil and natural gas rigs for a second week in a row, data from Baker Hughes showed.', 'LONDON:Oil prices slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.Brent crude for September fell $1.13, or 1.5%, to $74.42 a barrel by 1111 GMT while US West Texas Intermediate crude for August was at $73.39 a barrel, down $1.17, or 1.6%.Both benchmarks fell around 1% last week but are still not far off highs last reached in October 2018.The spread of coronavirus variants and unequal access to vaccines threaten the global economic recovery, finance chiefs of the G20 large economies warned on Saturday.  ""Traders are now refocusing on the spread of the Covid-19 pandemic and global concerns over the new variants’ expansion are weighing on prices, despite tightening oil supplies globally,"" Rystad Energy analyst Louise Dickson said.The Organisation of the Petroleum Exporting Countries and their allies, a group known as OPEC+, abandoned talks last week over an output deal, which included pumping more oil from August, after a dispute between Saudi Arabia and the United Arab Emirates about how to extend the pact.  Although failure to agree means less oil in the short term, analysts say the collapse of talks raises the longer term prospect of producers abandoning the deal and pumping at will.""The market has been a bit negative as of late amid the growing sense that the latest OPEC+ impasse could be a precursor to a pump-and-grab scenario, meaning a lot more oil potentially gets put on the market,"" said Stephen Brennock of oil broker PVM.Saudi Arabia and Oman called on Monday for continued cooperation between OPEC and allied producers.  Front-month WTI crude futures posted their sixth weekly gain last week after a bullish report from the US Energy Information Administration showed US crude and gasoline stocks fell while gasoline demand reached its highest since 2019.  In response to higher oil prices, US energy firms added oil and natural gas rigs for a second week in a row, data from Baker Hughes showed.']","['SINGAPORE crude futures slipped on monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.brent crude for september fell 15 cents, or 0.2%, to $75.40 a barrel by 0411 GMT while US west texas intermediate crude for august was at $74.44 a barrel, down 12 cents, or 0.2%.the spread of coronavirus variants and unequal access to vaccines threaten the global economic recovery, finance chiefs of the G20 large economies warned on Saturday.A reuters tally of new COVID-19 infections shows them rising in 69 countries, with the daily rate pointing upwards since late-June and now hitting 478,000. oil prices firm as US inventories decline""we have not yet seen the impact but at this rate, it will hit demand sooner or later,"" a Singapore-based oil trader said.oil prices slumped last tuesday after the organization of the petroleum exporting countries and their allies, a group known as OPEC+, did not reach an agreement to increase output from august. this was because the united arab emirates rejected a proposed eight-month extension to OPEC+ output curbs.""prices are going to stay volatile for as long as the impasse remains,"" said howie lee, an economist at singapore OCBC bank.""on the surface it looks like it should support prices, but the risk remains that a complete breakdown will result in a price war not dissimilar to last year,"" he said, but added that the probability of the latter event was low.the world top oil exporter saudi arabia met full contractual demand for crude oil from five buyers in august, but turned down at least two requests for additional volumes.Front-month WTI crude futures posted their sixth weekly gain last week after a bullish report from the US energy information administration showed US crude and gasoline stocks fell while gasoline demand reached its highest since 2019.in response to higher oil prices, US energy firms added oil and natural gas rigs for a second week in a row, data from baker hughes showed.', 'SINGAPORE crude futures slipped on monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.brent crude for september fell 15 cents, or 0.2%, to $75.40 a barrel by 0411 GMT while US west texas intermediate crude for august was at $74.44 a barrel, down 12 cents, or 0.2%.the spread of coronavirus variants and unequal access to vaccines threaten the global economic recovery, finance chiefs of the G20 large economies warned on Saturday.A reuters tally of new COVID-19 infections shows them rising in 69 countries, with the daily rate pointing upwards since late-June and now hitting 478,000. oil prices firm as US inventories decline""we have not yet seen the impact but at this rate, it will hit demand sooner or later,"" a Singapore-based oil trader said.oil prices slumped last tuesday after the organization of the petroleum exporting countries and their allies, a group known as OPEC+, did not reach an agreement to increase output from august. this was because the united arab emirates rejected a proposed eight-month extension to OPEC+ output curbs.""prices are going to stay volatile for as long as the impasse remains,"" said howie lee, an economist at singapore OCBC bank.""on the surface it looks like it should support prices, but the risk remains that a complete breakdown will result in a price war not dissimilar to last year,"" he said, but added that the probability of the latter event was low.the world top oil exporter saudi arabia met full contractual demand for crude oil from five buyers in august, but turned down at least two requests for additional volumes.Front-month WTI crude futures posted their sixth weekly gain last week after a bullish report from the US energy information administration showed US crude and gasoline stocks fell while gasoline demand reached its highest since 2019.in response to higher oil prices, US energy firms added oil and natural gas rigs for a second week in a row, data from baker hughes showed.', 'LONDON oil prices slipped on monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.brent crude for september fell $1.13, or 1.5%, to $74.42 a barrel by 1111 GMT while US west texas intermediate crude for august was at $73.39 a barrel, down $1.17, or 1.6%.both benchmarks fell around 1% last week but are still not far off highs last reached in october 2018.the spread of coronavirus variants and unequal access to vaccines threaten the global economic recovery, finance chiefs of the G20 large economies warned on saturday. ""traders are now refocusing on the spread of the Covid-19 pandemic and global concerns over the new variants expansion are weighing on prices, despite tightening oil supplies globally,"" rystad energy analyst louise dickson said.the organisation of the petroleum exporting countries and their allies, a group known as OPEC+, abandoned talks last week over an output deal, which included pumping more oil from august, after a dispute between saudi arabia and the united arab emirates about how to extend the pact. although failure to agree means less oil in the short term, analysts say the collapse of talks raises the longer term prospect of producers abandoning the deal and pumping at will.""the market has been a bit negative as of late amid the growing sense that the latest OPEC+ impasse could be a precursor to a pump-and-grab scenario, meaning a lot more oil potentially gets put on the market,"" said stephen brennock of oil broker PVM.Saudi arabia and oman called on monday for continued cooperation between OPEC and allied producers. Front-month WTI crude futures posted their sixth weekly gain last week after a bullish report from the US energy information administration showed US crude and gasoline stocks fell while gasoline demand reached its highest since 2019. in response to higher oil prices, US energy firms added oil and natural gas rigs for a second week in a row, data from baker hughes showed.']","['https://www.brecorder.com/news/40106647/oil-prices-slip-as-economic-worries-offset-tightening-supplies', 'https://www.brecorder.com/news/40106647/oil-prices-slip-as-economic-worries-offset-tightening-supplies', 'https://tribune.com.pk/story/2310139/oil-prices-fall-1-as-economic-worries-offset-tightening-supplies']","['brent, , ']","['oil prices slip', 'oil prices slump', 'oil prices slip']","['neg', 'neg', 'neg']",94.68,"[-1.78, 1.46, -1.78]",-0.7,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""Both the technical indicators and the news sentiment suggest a negative outlook. Therefore, we recommend selling the position. Investors should consider reducing exposure or exiting the market to mitigate potential losses.""
}"
7/13/2021,"['The Hascol fiasco', 'Oil climbs on expected further draw in US crude inventories', 'Oil prices slip as economic fears offset tightening crude supplies']","['the hascol fiasco', 'oil climbs on expected further draw in US crude inventories', 'oil prices slip as economic fears offset tightening crude supplies']","['Business Recorder', 'Business Recorder', 'Business Recorder']","['The Hascol fiasco appears to be a basket case of corporate malpractices. All players must take blame for collective failure. It is a combination of governance failure – from banks to board of directors of Hascol and fiduciary malfeasance by the management. Loans worth Rs 58 billion given by 18 domestic banks have turned bad. Investors at Pakistan Stock Exchange (PSX) are said to have lost tens of billions of rupees. Given the existing dynamics, there is no way for banks to recover, albeit partially, money, without restructuring and restrengthening the franchise value of the business. With the Federal Investigation Agency (FIA) and others probing the company, there is a slim chance that lenders will be able to salvage their loans. It appears to be a mega scam, and it is likely to be dealt with as such. The rise of Hascol began with a “smart and opportunistâ€Â\x9d management team taking the reigns of the company in 2009. Hascol received an oil marketing company (OMC) licence in 2005 and was a small-time operator. Its market share was less than one percent at that time in the OMCs’ business. In 2013-14, aggressive expansion began taking place, and its market share peaked to 12 percent in 2017-18 – surpassing the likes of Attock Petroleum and Shell Pakistan. It was second to Pakistan State Oil (PSO) in the market. The company was said to be doing unusual transactions. The market share was growing too fast. It was reported to be offering a substantial retailing and sub-distribution discount in an industry that operates on razor thin margins. The meteoric rise was too good to be true. Yet, the board of directors was happy – as the company was making money. The banks were happy to lend as bank spreads were too lucrative. The company was listed at PSX in 2014. Its share price increased manifold within a couple of years – investors were ecstatic. In 2015, Vitol Dubai Limited (VTL) – a global energy trading giant – bought 15 percent shares of the company and later increased its holding to 25 percent by 2016. The company’s financials flourished with Vitol on board. This integrated the backend supply chain. Everyone was happy and making money. But overall, the business model was not sustainable which was ignored by investors and lenders. The company was expanding too fast. It was acquiring new location/sites by bidding higher. New storage depots were established. In its initial years, Hascol made money by importing and selling furnace oil (FO). FO sales jumped further after Vitol’s investment. It purchased FO on credit and was able to extend credit to its clients. That is how it increased its market share and used that money to expand its franchises and storage capacity. In 2018-19, FO sales fell industry-wise as new power plants based on RLNG, and other fuels started coming online. Hascol’s edge was in importing FO by having Vitol on board. The company landed in a tight spot with other costs beginning to hurt the company. Vitol started taking more control of the company by acquiring shares of the then chairman and CEO and brought in new management that disclosed to banks that the company’s loans must be restructured if default is to be avoided. However, the story is not that simple. Vitol could probably try to recoup its money through charging higher amount in trading and other businesses. There are allegations of transfer pricing and misuse of power by the previous management team. For example, Hascol Terminal Limited (HTL), a joint venture of Hascol and Vitol, was commissioned in 2019. Twenty four percent shareholding in HTL is held by another firm called Fossil Energy. As per a whistleblower (in April 2020), Hascol paid throughput charges to HTL at Rs1.3 per litre on annual volume of 1.2 million metric ton as against the industry average of Re 0.3 per litre. How can a company pay half of its total margins to its terminal handling company and survive? Then there were other issues. Vitol’s interest is in trading. Higher the volumes traded more money it makes. Hascol is a marketing company, and it supposedly operates on thin margins. The business model was rigged. For example, Hascol extended unsecured credit to one sub-supplier in Punjab to the tune of Rs 10-12 billion of which Rs 8-10 billion landed in default. Usually, the industry gives 5-10 days credit supply of 1-2 tanker loads. But the decision-makers at Hascol were said to be more interested in trading volumes than anything else. It is pertinent to mention here that allegations of financial irregularities are said to pre-date investment by Vitol. It is said that the purported modus operandi was to make sales on credit to attain market share in petrol and diesel sales. Insiders suggest several methodologies were used. They insist that credit sales were partly financed by higher FO margins; by selling fuel close to port while booking sales at far-flung areas to pocket inland freight equalization margin (IFEM). Moreover, it is said that the company sold fuel to other companies’ retail franchises. While there is no concrete evidence of these allegations, it, however, does not make sense that a company would sell fuel at Rs3 per litre discount when the gross margin on the products is regulated and is less than Rs 3 per litre. The question is how these elements were not observed by the then board of directors of the company, banks, and Vitol (which purchased its stake in the company beginning 2015). The company was opening usance (deferred payment) LC (letter of credit). OMC business needs higher working capital (WC) financing, and which is extended on LCs. It is a high margin business and banks were happy to lend and make easy money. In usance LC, the company is exposed to foreign exchange movement risk. The price is locked in dollars and payment is made later. Usual OMC cash cycle is 15-30 days (it’s higher on FO and lower on petrol/diesel). Hascol issued LCs for 90 days which increased its currency exposure excessively.  In 2018, when the PKR stared depreciating, the situation started unravelling. At the same time, FO sales started dropping too, exacerbating the financial stress. In the quarter ending Dec-18, the company showed loss for the first time. And the loss started increasing in 2019 and 2020. The Covid pandemic did not help either. In June 2020, all OMCs were under stress when the international oil prices fell, and government passed on the benefit to consumers while companies were holding inventories (as sales were low in April and May due to lockdown) and they incurred inventory losses. The fall was too steep for Hascol. Their high-cost overheads were becoming visible. The higher throughput charges and substantial unsecured credit were aggravating the situation for them. There was no cushion from FO sales. The hour of reckoning was upon it, the company defaulted on its loans and has not published its latest accounts – and is thus on the defaulters list on PSX. Meanwhile, the company issued right shares. Vitol increased its shareholding. Right now, 40 percent shares are held by VTL, and rest are in various hands. The control is with Vitol and banks have formed a consortium to negotiate with the company. Now, it is in the best interest of the banks to revive the company or else, they will not be able to recover anything – especially, since more losses will accrue as the company recently stated that Rs7.5 billion worth of fake purchases were booked against its fixed assets.OMC business is based on franchise value. It operates on high volumes and low margins. Fixed assets have a lower share. As per OCAC in 2020, there were 531 retail outlets of Hascol in Pakistan out of 9,113 in total. The current number is 675. Around 95 percent of these are franchise owners while the remainder are company operated. Some storage facilities are leased as well. The company has a good retail network with pumps at key locations. For the company to revive, these outlets need to survive and thrive. However, with investigation agencies poking in, the brand equity of Hascol will diminish. Consumers may stop buying petrol/diesel from it. Franchises may go to other OMCs, as all they need to do, is enter in a new agreement and change sign boards and branding. But if that happens, the company will die. Banks will not be able to recoup even Rs10 billion out of their outstanding Rs58 billion. The consortium of banks is negotiating with the new management. Banks need to understand that they have to take a haircut. They will be living in a fool’s paradise if they expect full recovery. The other problem with banks is that each bank is trying to undercut the other by insisting that it has a first charge. Each bank wants to recover its full amount, but in the process everyone would lose. It has happened in the past, and it can happen now. In game theory, it is referred to as the prisoner’s dilemma. The other problem banks have is trusting Vitol. The company must restructure. Banks will convert part of their debt into equity and part of it into long-term financing. Then the company would need working capital to revive. For this to happen, banks would need to put more money into the company. They are contemplating the option of putting good money into bad in anticipation of turning bad into good.   Banks want Vitol to make full disclosure on long-term contracts. Banks expect Vitol to put further equity into the company. Additionally, Vitol, in principle, should not be the sole supplier of fuel to the company. There are too many ifs and buts. Seeing the past, it is in the best interests of the financial system to find a new buyer for Hascol and let Vitol make an exit. If Pakistan had strong bankruptcy laws, this management shift could be easier. Still, this can happen. But with FIA (and possibly NAB) in the picture, no new player would like to burn their hands. That is why it is important to deal the case as corporate default and fraud. Here the SBP-SECP role is critical. But SECP is toothless and does not have history or capacity to unearth and handle corporate frauds. It is high time for SECP to pull its socks up and do its job.Copyright Business Recorder, 2021', 'TOKYO: Oil prices climbed on Tuesday, reversing some of the previous day\'s losses, as tight supply and expectations of a further draw in US crude inventories provided support, although fears over the spreading COVID-19 variant capped gains.Brent crude for September rose 19 cents, or 0.3%,  to $75.35 a barrel by 0421 GMT, after losing 0.5% on Monday. US West Texas Intermediate crude for August was at $74.34 a barrel, up 24 cents, or 0.3%, having fallen 0.6% the previous day.""Optimism about tight supply and declining US crude stockpiles lent support,"" said Toshitaka Tazawa, an analyst at commodities broker Fujitomi Co. ""Still, growing concerns over a spike in COVID-19 infection cases worldwide and uncertainty over production plans by OPEC+ will likely limit gains,"" he added. Oil prices slip as economic fears offset tightening crude suppliesUS crude inventories were expected to fall for an eighth consecutive week, while gasoline stocks also declined, a preliminary Reuters poll showed on Monday.Crude stockpiles have declined steadily for several weeks, with US inventories falling to the lowest since February 2020 in the week to July 2.China\'s crude imports in June edged up slightly from May, though they were down sharply from a year earlier when refiners snapped up cheap oil to supply a market recovering from the coronavirus.Investors shrugged off the Energy Information Administration\'s (EIA) monthly drilling productivity report which said crude output from seven major shale formations is expected to rise by 42,000 bpd in August, to 7.907 million bpd, compared with a 28,000 bpd rise in July.""The predicted increase is still relatively small,"" said Satoru Yoshida, a commodity analyst with Rakuten Securities, adding that the continued restraint on drilling by US shale will underpin oil prices going forward.""Bullish global equities amid hopes for a robust recovery in economy also boosted risk appetite in oil markets,"" Yoshida said. Asian shares climbed in early trade on Tuesday after Wall Street hit record highs overnight, as investors awaited the second-quarter earnings season and a batch of economic data.Still, reports from around the globe of surging infections kept some investors cautious.The World Health Organization warned the Delta variant was becoming dominant and many countries had yet to receive enough doses of vaccine to secure their health workers.Meanwhile, OPEC+ is yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said.Russian President Vladimir Putin and his US counterpart Joe Biden did not discuss OPEC+ or global oil prices during an hour-long phone call on Friday, the Kremlin said on Monday.', 'NEW YORK: Oil slumped on Monday over concerns about spreading Covid-19 variants derailing the global economic recovery that has brought fuel demand to near pre-pandemic levels, while tight crude supplies kept prices from falling lower.Brent crude for September settled at $75.16 a barrel, losing 39 cents, or 0.5%. US West Texas Intermediate crude for August settled at $74.10 a barrel, down 46 cents, or 0.6%.Both benchmarks shed about 1% last week, stalling out a rally that had brought both US crude and Brent to levels not seen since October 2018.Tokyo reimposed pandemic-related restrictions due to concerns over coronavirus infections, less than two weeks before the city hosts the Summer Olympic Games.“It has raised hackles in the market about demand recovery again,â€Â\x9d said John Kilduff, a partner at Again Capital in New York. “Asia is obviously essential. It’s a swing demand center, and this is a huge setback.â€Â\x9dThe spread of new variants and unequal access to vaccines threaten the global economic recovery, finance chiefs of the G20 large economies said over the weekend. The remarks weighed on the oil demand outlook.“Traders are now refocusing on the spread of the Covid-19 pandemic and global concerns over the new variants’ expansion,â€Â\x9d Rystad Energy analyst Louise Dickson said.The Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, abandoned talks last week that would have raised output, after a dispute between Saudi Arabia and the United Arab Emirates about how to extend the pact.Analysts say the collapse of talks raises the longer term prospect of producers abandoning the deal and pumping at will. That concern fed trader fears last week, leading to a bout of selling that has not quite abated.']","['the hascol fiasco appears to be a basket case of corporate malpractices. all players must take blame for collective failure. it is a combination of governance failure from banks to board of directors of hascol and fiduciary malfeasance by the management. loans worth rs 58 billion given by 18 domestic banks have turned bad. investors at pakistan stock exchange (PSX) are said to have lost tens of billions of rupees. given the existing dynamics, there is no way for banks to recover, albeit partially, money, without restructuring and restrengthening the franchise value of the business. with the federal investigation agency (FIA) and others probing the company, there is a slim chance that lenders will be able to salvage their loans. it appears to be a mega scam, and it is likely to be dealt with as such. the rise of hascol began with a smart and opportunist management team taking the reigns of the company in 2009. hascol received an oil marketing company (OMC) licence in 2005 and was a small-time operator. its market share was less than one percent at that time in the OMCs business. in 2013-14, aggressive expansion began taking place, and its market share peaked to 12 percent in 2017-18 surpassing the likes of attock petroleum and shell pakistan. it was second to pakistan state oil (PSO) in the market. the company was said to be doing unusual transactions. the market share was growing too fast. it was reported to be offering a substantial retailing and sub-distribution discount in an industry that operates on razor thin margins. the meteoric rise was too good to be true. yet, the board of directors was happy as the company was making money. the banks were happy to lend as bank spreads were too lucrative. the company was listed at PSX in 2014. its share price increased manifold within a couple of years investors were ecstatic. in 2015, vitol dubai limited (VTL) a global energy trading giant bought 15 percent shares of the company and later increased its holding to 25 percent by 2016. the companys financials flourished with vitol on board. this integrated the backend supply chain. everyone was happy and making money. but overall, the business model was not sustainable which was ignored by investors and lenders. the company was expanding too fast. it was acquiring new location/sites by bidding higher. new storage depots were established. in its initial years, hascol made money by importing and selling furnace oil (FO). FO sales jumped further after vitols investment. it purchased FO on credit and was able to extend credit to its clients. that is how it increased its market share and used that money to expand its franchises and storage capacity. in 2018-19, FO sales fell industry-wise as new power plants based on RLNG, and other fuels started coming online. hascols edge was in importing FO by having vitol on board. the company landed in a tight spot with other costs beginning to hurt the company. vitol started taking more control of the company by acquiring shares of the then chairman and CEO and brought in new management that disclosed to banks that the companys loans must be restructured if default is to be avoided. however, the story is not that simple. vitol could probably try to recoup its money through charging higher amount in trading and other businesses. there are allegations of transfer pricing and misuse of power by the previous management team. for example, hascol terminal limited (HTL), a joint venture of hascol and vitol, was commissioned in 2019. twenty four percent shareholding in HTL is held by another firm called fossil energy. as per a whistleblower (in april 2020), hascol paid throughput charges to HTL at rs 1.3 per litre on annual volume of 1.2 million metric ton as against the industry average of re 0.3 per litre. how can a company pay half of its total margins to its terminal handling company and survive? then there were other issues. vitols interest is in trading. higher the volumes traded more money it makes. hascol is a marketing company, and it supposedly operates on thin margins. the business model was rigged. for example, hascol extended unsecured credit to one sub-supplier in punjab to the tune of rs 10-12 billion of which rs 8-10 billion landed in default. usually, the industry gives 5-10 days credit supply of 1-2 tanker loads. but the decision-makers at hascol were said to be more interested in trading volumes than anything else. it is pertinent to mention here that allegations of financial irregularities are said to pre-date investment by vitol. it is said that the purported modus operandi was to make sales on credit to attain market share in petrol and diesel sales. insiders suggest several methodologies were used. they insist that credit sales were partly financed by higher FO margins by selling fuel close to port while booking sales at far-flung areas to pocket inland freight equalization margin (IFEM). moreover, it is said that the company sold fuel to other companies retail franchises. while there is no concrete evidence of these allegations, it, however, does not make sense that a company would sell fuel at rs 3 per litre discount when the gross margin on the products is regulated and is less than rs 3 per litre. the question is how these elements were not observed by the then board of directors of the company, banks, and vitol (which purchased its stake in the company beginning 2015). the company was opening usance (deferred payment) LC (letter of credit). OMC business needs higher working capital (WC) financing, and which is extended on LCs. it is a high margin business and banks were happy to lend and make easy money. in usance LC, the company is exposed to foreign exchange movement risk. the price is locked in dollars and payment is made later. usual OMC cash cycle is 15-30 days (its higher on FO and lower on petrol/diesel). hascol issued LCs for 90 days which increased its currency exposure excessively. in 2018, when the PKR stared depreciating, the situation started unravelling. at the same time, FO sales started dropping too, exacerbating the financial stress. in the quarter ending Dec-18, the company showed loss for the first time. and the loss started increasing in 2019 and 2020. the covid pandemic did not help either. in june 2020, all OMCs were under stress when the international oil prices fell, and government passed on the benefit to consumers while companies were holding inventories (as sales were low in april and may due to lockdown) and they incurred inventory losses. the fall was too steep for hascol. their high-cost overheads were becoming visible. the higher throughput charges and substantial unsecured credit were aggravating the situation for them. there was no cushion from FO sales. the hour of reckoning was upon it, the company defaulted on its loans and has not published its latest accounts and is thus on the defaulters list on PSX. meanwhile, the company issued right shares. vitol increased its shareholding. right now, 40 percent shares are held by VTL, and rest are in various hands. the control is with vitol and banks have formed a consortium to negotiate with the company. now, it is in the best interest of the banks to revive the company or else, they will not be able to recover anything especially, since more losses will accrue as the company recently stated that rs 7.5 billion worth of fake purchases were booked against its fixed assets.OMC business is based on franchise value. it operates on high volumes and low margins. fixed assets have a lower share. as per OCAC in 2020, there were 531 retail outlets of hascol in pakistan out of 9,113 in total. the current number is 675. around 95 percent of these are franchise owners while the remainder are company operated. some storage facilities are leased as well. the company has a good retail network with pumps at key locations. for the company to revive, these outlets need to survive and thrive. however, with investigation agencies poking in, the brand equity of hascol will diminish. consumers may stop buying petrol/diesel from it. franchises may go to other OMCs, as all they need to do, is enter in a new agreement and change sign boards and branding. but if that happens, the company will die. banks will not be able to recoup even rs 10 billion out of their outstanding rs 58 billion. the consortium of banks is negotiating with the new management. banks need to understand that they have to take a haircut. they will be living in a fools paradise if they expect full recovery. the other problem with banks is that each bank is trying to undercut the other by insisting that it has a first charge. each bank wants to recover its full amount, but in the process everyone would lose. it has happened in the past, and it can happen now. in game theory, it is referred to as the prisoners dilemma. the other problem banks have is trusting vitol. the company must restructure. banks will convert part of their debt into equity and part of it into long-term financing. then the company would need working capital to revive. for this to happen, banks would need to put more money into the company. they are contemplating the option of putting good money into bad in anticipation of turning bad into good. banks want vitol to make full disclosure on long-term contracts. banks expect vitol to put further equity into the company. additionally, vitol, in principle, should not be the sole supplier of fuel to the company. there are too many ifs and buts. seeing the past, it is in the best interests of the financial system to find a new buyer for hascol and let vitol make an exit. if pakistan had strong bankruptcy laws, this management shift could be easier. still, this can happen. but with FIA (and possibly NAB) in the picture, no new player would like to burn their hands. that is why it is important to deal the case as corporate default and fraud. here the SBP-SECP role is critical. but SECP is toothless and does not have history or capacity to unearth and handle corporate frauds. it is high time for SECP to pull its socks up and do its job.', 'TOKYO oil prices climbed on tuesday, reversing some of the previous day losses, as tight supply and expectations of a further draw in US crude inventories provided support, although fears over the spreading COVID-19 variant capped gains.brent crude for september rose 19 cents, or 0.3%, to $75.35 a barrel by 0421 GMT, after losing 0.5% on monday. US west texas intermediate crude for august was at $74.34 a barrel, up 24 cents, or 0.3%, having fallen 0.6% the previous day.""optimism about tight supply and declining US crude stockpiles lent support,"" said toshitaka tazawa, an analyst at commodities broker fujitomi co. ""still, growing concerns over a spike in COVID-19 infection cases worldwide and uncertainty over production plans by OPEC+ will likely limit gains,"" he added. oil prices slip as economic fears offset tightening crude suppliesUS crude inventories were expected to fall for an eighth consecutive week, while gasoline stocks also declined, a preliminary reuters poll showed on Monday.Crude stockpiles have declined steadily for several weeks, with US inventories falling to the lowest since february 2020 in the week to july 2.china crude imports in june edged up slightly from may, though they were down sharply from a year earlier when refiners snapped up cheap oil to supply a market recovering from the coronavirus.investors shrugged off the energy information administration (EIA) monthly drilling productivity report which said crude output from seven major shale formations is expected to rise by 42,000 bpd in august, to 7.907 million bpd, compared with a 28,000 bpd rise in July.""The predicted increase is still relatively small,"" said satoru yoshida, a commodity analyst with rakuten securities, adding that the continued restraint on drilling by US shale will underpin oil prices going forward.""bullish global equities amid hopes for a robust recovery in economy also boosted risk appetite in oil markets,"" yoshida said. asian shares climbed in early trade on tuesday after wall street hit record highs overnight, as investors awaited the second-quarter earnings season and a batch of economic data.still, reports from around the globe of surging infections kept some investors cautious.the world health organization warned the delta variant was becoming dominant and many countries had yet to receive enough doses of vaccine to secure their health workers.meanwhile, OPEC+ is yet to make progress closing divisions between saudi arabia and the united arab emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said.russian president vladimir putin and his US counterpart joe biden did not discuss OPEC+ or global oil prices during an hour-long phone call on friday, the kremlin said on monday.', 'NEW YORK oil slumped on monday over concerns about spreading Covid-19 variants derailing the global economic recovery that has brought fuel demand to near pre-pandemic levels, while tight crude supplies kept prices from falling lower.brent crude for september settled at $75.16 a barrel, losing 39 cents, or 0.5%. US west texas intermediate crude for august settled at $74.10 a barrel, down 46 cents, or 0.6%.both benchmarks shed about 1% last week, stalling out a rally that had brought both US crude and brent to levels not seen since october 2018.tokyo reimposed pandemic-related restrictions due to concerns over coronavirus infections, less than two weeks before the city hosts the summer olympic Games.It has raised hackles in the market about demand recovery again, said john kilduff, a partner at again capital in new york. asia is obviously essential. its a swing demand center, and this is a huge setback.the spread of new variants and unequal access to vaccines threaten the global economic recovery, finance chiefs of the G20 large economies said over the weekend. the remarks weighed on the oil demand outlook.traders are now refocusing on the spread of the Covid-19 pandemic and global concerns over the new variants expansion, rystad energy analyst louise dickson said.the organization of the petroleum exporting countries and their allies, a group known as OPEC+, abandoned talks last week that would have raised output, after a dispute between saudi arabia and the united arab emirates about how to extend the pact.analysts say the collapse of talks raises the longer term prospect of producers abandoning the deal and pumping at will. that concern fed trader fears last week, leading to a bout of selling that has not quite abated.']","['https://www.brecorder.com/news/40106814/the-hascol-fiasco', 'https://www.brecorder.com/news/40106881/oil-climbs-on-expected-further-draw-in-us-crude-inventories', 'https://www.brecorder.com/news/40106791/oil-prices-slip-as-economic-fears-offset-tightening-crude-supplies']","['brent, , ', 'Attock Petroleum, , ']","['oil prices fell', 'oil prices slip', 'oil prices slip']","['neg', 'neg', 'neg']",94.24,"[-5.33, -1.78, -1.78]",-2.96,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The technical indicators suggest a sell signal, with the market signal indicating a position below -1.5. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market to mitigate potential losses.""
}"
7/14/2021,"['Oil prices drop after Saudi Arabia, UAE reach output compromise', 'Oil rises nearly 2pc as investors size up tight market']","['oil prices drop after saudi arabia, UAE reach output compromise', 'oil rises nearly 2pc as investors size up tight market']","['Tribune', 'Business Recorder']","['LONDON:Oil prices dropped on Wednesday after Reuters reported that Saudi Arabia and the United Arab Emirates had reached a compromise over a global supply deal that will allow the UAE to boost its output.The deal between the two Gulf producers means that members of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will be able to extend a deal to curb output until the end of 2022, the sources said.Brent crude was down $0.57, or 0.75%, at $75.92 a barrel by 1120 GMT after dropping by over $1 earlier. West Texas Intermediate was off by $0.58, or 0.77%, at $74.67 a barrel.Disagreement between OPEC\'s defacto leader Saudi Arabia and the UAE led to a collapse in talks last week on boosting production as global demand recovers from the coronavirus pandemic.Under the compromise with Saudi Arabia, the UAE\'s baseline production will rise to 3.65 million barrels per day after the current pact expires in April 2022, the source said.Oil prices were earlier under pressure after data showed China\'s crude imports dropped by 3% from January to June compared with a year earlier, the first such contraction since 2013, as import quota shortages, refinery maintenance and rising global prices curbed buying.""Imports were scaled back as surging prices for crude oil have eroded refinery profit margins,"" Eurasia Group said in a note.Lending support to the market, US stockpiles of oil and gasoline inventories fell last week, according to two market sources on Tuesday, citing American Petroleum Institute figures.Crude inventories declined by 4.1 million barrels for the week ended July 9, the sources said.If confirmed on Wednesday when the Energy Information Administration (EIA) releases its weekly data, the draw would mark a seventh consecutive week of inventory declines.The International Energy Agency said global withdrawals from storage in the third quarter were set to be the most in at least a decade, pointing to early June stock draws in the United States, Europe and Japan.', 'NEW YORK: Oil prices gained almost 2% on Tuesday after the International Energy Agency said the market should expect tighter supply for now due to disagreements among major producers over how much additional crude to ship worldwide.The market has been generally stronger as demand has rebounded and the Organization of the Petroleum Exporting Countries and their allies have held millions of barrels of supply from the market. OPEC+, as the group is known, was expected to boost supply, but discussions broke off without an agreement.Brent crude rose $1.33, or 1.8%, to settle at $76.49 a barrel, while US West Texas Intermediate crude rose $1.15, or 1.6%, to settle at $75.25 a barrel.The Paris-based IEA said global storage drawdowns in the third quarter were set to be the biggest in at least a decade, citing early June stock draws from the United States, Europe and Japan.“You’re still not going to have enough crude oil on the market to avoid a supply deficit by the end of the year. That was definitely a tailwind for the market,â€Â\x9d said Bob Yawger, director of energy futures at Mizuho.Oil prices will be volatile, IEA said, until differences are resolved among members of OPEC+. The group has been unwinding record output curbs agreed last year to cope with the pandemic. But a dispute over policy between Saudi Arabia and the United Arab Emirates put plans to pump more oil on hold.Nuclear talks between world powers and Iran are not likely to resume until after the Islamic Republic installs its new president next month, restricting another potential source of supply.US crude inventories are expected to have dropped 4.4 million barrels last week, after seven consecutive weeks of inventory drawdowns in the world’s largest crude consumer.The US dollar jumped against a basket of currencies on Tuesday after the data. A stronger US dollar makes oil more expensive in other currencies.In addition, coronavirus infections are surging in some parts of the world, which could sap demand if outbreaks become more pronounced.The World Health Organization warned the Delta Covid-19 variant was becoming dominant and many countries had yet to receive enough doses of vaccine to secure their health workers.']","['LONDON oil prices dropped on wednesday after reuters reported that saudi arabia and the united arab emirates had reached a compromise over a global supply deal that will allow the UAE to boost its output.the deal between the two gulf producers means that members of the petroleum exporting countries (OPEC), russia and other producers, a group known as OPEC+, will be able to extend a deal to curb output until the end of 2022, the sources said.brent crude was down $0.57, or 0.75%, at $75.92 a barrel by 1120 GMT after dropping by over $1 earlier. west texas intermediate was off by $0.58, or 0.77%, at $74.67 a barrel.disagreement between OPEC defacto leader saudi arabia and the UAE led to a collapse in talks last week on boosting production as global demand recovers from the coronavirus pandemic.under the compromise with saudi arabia, the UAE baseline production will rise to 3.65 million barrels per day after the current pact expires in april 2022, the source said.oil prices were earlier under pressure after data showed china crude imports dropped by 3% from january to june compared with a year earlier, the first such contraction since 2013, as import quota shortages, refinery maintenance and rising global prices curbed buying.""imports were scaled back as surging prices for crude oil have eroded refinery profit margins,"" eurasia group said in a note.lending support to the market, US stockpiles of oil and gasoline inventories fell last week, according to two market sources on tuesday, citing american petroleum institute figures.crude inventories declined by 4.1 million barrels for the week ended july 9, the sources said.if confirmed on wednesday when the energy information administration (EIA) releases its weekly data, the draw would mark a seventh consecutive week of inventory declines.the international energy agency said global withdrawals from storage in the third quarter were set to be the most in at least a decade, pointing to early june stock draws in the united states, europe and japan.', 'NEW YORK oil prices gained almost 2% on tuesday after the international energy agency said the market should expect tighter supply for now due to disagreements among major producers over how much additional crude to ship worldwide.the market has been generally stronger as demand has rebounded and the organization of the petroleum exporting countries and their allies have held millions of barrels of supply from the market. OPEC+, as the group is known, was expected to boost supply, but discussions broke off without an agreement.brent crude rose $1.33, or 1.8%, to settle at $76.49 a barrel, while US west texas intermediate crude rose $1.15, or 1.6%, to settle at $75.25 a barrel.the Paris-based IEA said global storage drawdowns in the third quarter were set to be the biggest in at least a decade, citing early june stock draws from the united states, europe and Japan.Youre still not going to have enough crude oil on the market to avoid a supply deficit by the end of the year. that was definitely a tailwind for the market, said bob yawger, director of energy futures at Mizuho.Oil prices will be volatile, IEA said, until differences are resolved among members of OPEC+. the group has been unwinding record output curbs agreed last year to cope with the pandemic. but a dispute over policy between saudi arabia and the united arab emirates put plans to pump more oil on hold.nuclear talks between world powers and iran are not likely to resume until after the islamic republic installs its new president next month, restricting another potential source of supply.US crude inventories are expected to have dropped 4.4 million barrels last week, after seven consecutive weeks of inventory drawdowns in the worlds largest crude consumer.the US dollar jumped against a basket of currencies on tuesday after the data. A stronger US dollar makes oil more expensive in other currencies.in addition, coronavirus infections are surging in some parts of the world, which could sap demand if outbreaks become more pronounced.the world health organization warned the delta Covid-19 variant was becoming dominant and many countries had yet to receive enough doses of vaccine to secure their health workers.']","['https://tribune.com.pk/story/2310522/oil-prices-drop-after-saudi-arabia-uae-reach-output-compromise', 'https://www.brecorder.com/news/40107045/oil-rises-nearly-2pc-as-investors-size-up-tight-market']","['brent, , ']","['oil prices dropped', 'oil prices gained']","['neg', 'pos']",94.19,"[-1.61, 4.14]",1.26,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""Both the market and news signals are not strong enough to justify a buy or sell recommendation. Hence, we recommend holding the position and closely monitoring the market for any significant changes.""
}"
7/15/2021,"['Oil slides over 2pc after top oil producers near compromise', 'Oil falls 1% on prospect of more supplies', 'Oil prices extend losses on expected supply increase', 'Oil prices extend losses on expected supply increase']","['oil slides over 2pc after top oil producers near compromise', 'oil falls 1% on prospect of more supplies', 'oil prices extend losses on expected supply increase', 'oil prices extend losses on expected supply increase']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune']","['NEW YORK: Oil prices dropped more than 2% Wednesday after major global oil producers came to a compromise about supply and after US data showed demand slacked off a bit in the most recent week.Crude prices have surged to highs not seen in nearly three years, but have been choppy lately on worries about a pickup in supply.Brent crude settled down $1.73 a barrel, or 2.26%, at $74.76 a barrel. West Texas Intermediate was off by $2.12, or 2.82%, at $73.13 a barrel.Brent crude’s premium to West Texas Intermediate futures widened to the most since July 6, according to Refinitiv Eikon data. The US benchmark fell more precipitously due to demand concerns.Oil initially dropped after Reuters reported Saudi Arabia and the United Arab Emirates reached a compromise that should unlock an OPEC+ deal to boost global oil supplies as the world recovers from the coronavirus pandemic.The benchmarks fell more after US government data showed implied gasoline demand declining considerably last week. While the US Energy Information Administration said crude stockpiles declined more than expected, in their eighth consecutive draw, the drawdown was overshadowed by lagging gasoline demand.“The significant decline in gasoline and diesel demand has pressured prices, even though crude oil inventories have continued to draw,â€Â\x9d said Andrew Lipow, president of Lipow Oil Associates in Houston. US fuel stocks were higher, even as refinery runs eased. Gasoline stocks rose by 1 million barrels, compared with expectations for a 1.8 million-barrel drop.The Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, had been at loggerheads over increasing supply due to demands from the United Arab Emirates that its contribution to supply cuts be calculated from a higher production level.The agreement should now pave the way for OPEC+ members to extend a deal to curb output until the end of 2022, the sources added, although the UAE energy ministry said in a statement that no deal with OPEC+ on its baseline has been reached and deliberations were continuing.Also adding to a potential supply glut is crude from Iran, said Bill Farren-Price, director at Enverus. For the market balance, two critical are the timing of a deal between Iran and Western powers, which could lead to increased oil exports, and supply coming from the US, he said.“You expect Iran to come back at top strength, but the timing is a question.â€Â\x9d', 'SINGAPORE: Oil prices fell more than 1% on Thursday, extending losses as investors braced for more supplies following a compromise between top OPEC producers and as US fuel stocks rose, raising concerns about demand in the world\'s largest consumer.Brent crude futures for September dropped 91 cents, or 1.2%, to $73.85 a barrel by 0158 GMT while US West Texas Intermediate (WTI) crude for August was at $72.21 a barrel, down 92 cents, or 1.3%.Both benchmarks slid more than 2% on Wednesday after Reuters reported that Saudi Arabia and the UAE reached a compromise that should pave the way for a deal to supply more crude to a tight oil market and cool soaring prices.Oil slides over 2pc after top oil producers near compromise""The market is not taking any chances. Prices are very overbought anyway so traders might want to take some money off the table before the deal is concrete,"" said Avtar Sandu, senior commodity trader at Phillips Futures in Singapore.Talks among the Organization of the Petroleum Exporting Countries and their allies including Russia, a group known as OPEC+, had broken down earlier this month after the UAE objected to extending the supply cut deal beyond April 2022.""The deal will take some time to get finalized, but it seems the UAE will be allowed to produce more output next year,"" OANDA analyst Edward Moya said in a note.""It seems OPEC+ will shortly have a plan to raise output and that is welcomed news as surging demand had oil market getting too tight.""In the United States, crude stockpiles fell for an eighth straight week last week, but gasoline and diesel inventories rose despite a drop in refinery utilization rates, data from the Energy Information Administration showed on Wednesday.The large drawdown in crude stocks did little to boost oil prices as traders focused on the first rise in total petroleum stocks since early June, Moya said.Elsewhere, the prospect of a quick return of Iranian supplies to global markets has been pushed back as negotiations over the revival of the 2015 nuclear deal will not resume until mid-August.', 'LONDON: Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as US fuel stocks rose, raising concerns over demand in the world\'s largest consumer.Brent crude dropped $1.13, or 1.5%, to $73.63 a barrel by 1104 GMT and US West Texas Intermediate (WTI) crude was down $1.29, or 1.8%, at $71.84.Both benchmarks slid more than 2% on Wednesday after Reuters reported that Saudi Arabia and the United Arab Emirates (UAE) had reached a compromise that should pave the way for a deal to supply more crude to a tight oil market and cool soaring prices.""The market is not taking any chances. Prices are very overbought anyway, so traders might want to take some money off the table before the deal is concrete,"" said Avtar Sandu, senior commodity trader at Phillips Futures in Singapore. Oil prices fall as China crude import data weighs Talks among the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, a group known as OPEC+, had broken down this month after the UAE objected to an extension to the group\'s supply pact beyond April 2022.However, analysts at Goldman Sachs, Citi and UBS expect supplies to remain tight in the coming months even if OPEC+ finalises an agreement to raise output.""With the oil market already in deficit and demand growth outpacing supply growth, the crude market will likely tighten further this summer,"" said UBS analyst Giovanni Staunovo.""We believe ongoing declines in global oil inventories could boost Brent to $80 per barrel and WTI to $77 per barrel between now and September.""In the United States, crude stockpiles fell for an eighth straight week last week, but gasoline and diesel inventories rose despite a drop in refinery utilisation rates, data from the Energy Information Administration showed on Wednesday. Global edible oil prices The large drawdown in crude stocks did little to boost oil prices as traders focused on the first rise in total petroleum stocks since early June, analysts said.Oil prices also came under pressure from data showing that China\'s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new COVID-19 outbreaks.However, China, the world\'s top crude importer, also reported record crude processing volumes at its refineries in June, easing some of the downward pressure on prices.Elsewhere, the prospect of a quick return of Iranian oil supplies to global markets has been pushed back as negotiations over the revival of the 2015 nuclear deal will not resume until mid-August when the new president takes office.', 'LONDON:Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as US fuel stocks rose, raising concerns over demand in the world\'s largest consumer.Brent crude dropped $1.11, or 1.5%, to $73.65 a barrel by 1212 GMT and US West Texas Intermediate (WTI) crude was down $1.21, or 1.7%, at $71.92.Both benchmarks slid more than 2% on Wednesday after Reuters reported that Saudi Arabia and the United Arab Emirates (UAE) had reached a compromise that should pave the way for a deal to supply more crude to a tight oil market and cool soaring prices.  ""The market is not taking any chances. Prices are very overbought anyway, so traders might want to take some money off the table before the deal is concrete,"" said Avtar Sandu, senior commodity trader at Phillips Futures in Singapore.Talks among the Organisation of the Petroleum Exporting Countries (OPEC) and allies including Russia, a group known as OPEC+, had broken down this month after the UAE objected to an extension to the group\'s supply pact beyond April 2022.  However, analysts at Goldman Sachs, Citi and UBS expect supplies to remain tight in the coming months even if OPEC+ finalises an agreement to raise output.""With the oil market already in deficit and demand growth outpacing supply growth, the crude market will likely tighten further this summer,"" said UBS analyst Giovanni Staunovo.""We believe ongoing declines in global oil inventories could boost Brent to $80 per barrel and WTI to $77 per barrel between now and September.""OPEC stuck on Thursday to its forecast for a strong recovery in world oil demand for the rest of 2021 and predicted oil use would rise further in 2022, similar to pre-pandemic rates.  In the United States, crude stockpiles fell for an eighth straight week last week, but gasoline and diesel inventories rose despite a drop in refinery utilisation rates, data from the Energy Information Administration showed on Wednesday.  The large drawdown in crude stocks did little to boost oil prices as traders focused on the first rise in total petroleum stocks since early June, analysts said.Oil prices also came under pressure from data showing that China\'s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new Covid-19 outbreaks.  However, China, the world\'s top crude importer, also reported record crude processing volumes at its refineries in June, easing some of the downward pressure on prices.  Elsewhere, the prospect of a quick return of Iranian oil supplies to global markets has been pushed back as negotiations over the revival of the 2015 nuclear deal will not resume until mid-August when the new president takes office.']","['NEW YORK oil prices dropped more than 2% wednesday after major global oil producers came to a compromise about supply and after US data showed demand slacked off a bit in the most recent week.crude prices have surged to highs not seen in nearly three years, but have been choppy lately on worries about a pickup in supply.brent crude settled down $1.73 a barrel, or 2.26%, at $74.76 a barrel. west texas intermediate was off by $2.12, or 2.82%, at $73.13 a barrel.brent crudes premium to west texas intermediate futures widened to the most since july 6, according to refinitiv eikon data. the US benchmark fell more precipitously due to demand concerns.oil initially dropped after reuters reported saudi arabia and the united arab emirates reached a compromise that should unlock an OPEC+ deal to boost global oil supplies as the world recovers from the coronavirus pandemic.the benchmarks fell more after US government data showed implied gasoline demand declining considerably last week. while the US energy information administration said crude stockpiles declined more than expected, in their eighth consecutive draw, the drawdown was overshadowed by lagging gasoline demand.the significant decline in gasoline and diesel demand has pressured prices, even though crude oil inventories have continued to draw, said andrew lipow, president of lipow oil associates in houston. US fuel stocks were higher, even as refinery runs eased. gasoline stocks rose by 1 million barrels, compared with expectations for a 1.8 million-barrel drop.the organization of the petroleum exporting countries and its allies including russia, known as OPEC+, had been at loggerheads over increasing supply due to demands from the united arab emirates that its contribution to supply cuts be calculated from a higher production level.the agreement should now pave the way for OPEC+ members to extend a deal to curb output until the end of 2022, the sources added, although the UAE energy ministry said in a statement that no deal with OPEC+ on its baseline has been reached and deliberations were continuing.also adding to a potential supply glut is crude from iran, said bill Farren-Price, director at enverus. for the market balance, two critical are the timing of a deal between iran and western powers, which could lead to increased oil exports, and supply coming from the US, he said.you expect iran to come back at top strength, but the timing is a question.', 'SINGAPORE oil prices fell more than 1% on thursday, extending losses as investors braced for more supplies following a compromise between top OPEC producers and as US fuel stocks rose, raising concerns about demand in the world largest consumer.brent crude futures for september dropped 91 cents, or 1.2%, to $73.85 a barrel by 0158 GMT while US west texas intermediate (WTI) crude for august was at $72.21 a barrel, down 92 cents, or 1.3%.both benchmarks slid more than 2% on wednesday after reuters reported that saudi arabia and the UAE reached a compromise that should pave the way for a deal to supply more crude to a tight oil market and cool soaring prices.oil slides over 2pc after top oil producers near compromise""the market is not taking any chances. prices are very overbought anyway so traders might want to take some money off the table before the deal is concrete,"" said avtar sandu, senior commodity trader at phillips futures in Singapore.Talks among the organization of the petroleum exporting countries and their allies including russia, a group known as OPEC+, had broken down earlier this month after the UAE objected to extending the supply cut deal beyond april 2022.""the deal will take some time to get finalized, but it seems the UAE will be allowed to produce more output next year,"" OANDA analyst edward moya said in a note.""it seems OPEC+ will shortly have a plan to raise output and that is welcomed news as surging demand had oil market getting too tight.""in the united states, crude stockpiles fell for an eighth straight week last week, but gasoline and diesel inventories rose despite a drop in refinery utilization rates, data from the energy information administration showed on Wednesday.The large drawdown in crude stocks did little to boost oil prices as traders focused on the first rise in total petroleum stocks since early june, moya said.elsewhere, the prospect of a quick return of iranian supplies to global markets has been pushed back as negotiations over the revival of the 2015 nuclear deal will not resume until mid-August.', 'LONDON oil prices fell on thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as US fuel stocks rose, raising concerns over demand in the world largest consumer.brent crude dropped $1.13, or 1.5%, to $73.63 a barrel by 1104 GMT and US west texas intermediate (WTI) crude was down $1.29, or 1.8%, at $71.84.both benchmarks slid more than 2% on wednesday after reuters reported that saudi arabia and the united arab emirates (UAE) had reached a compromise that should pave the way for a deal to supply more crude to a tight oil market and cool soaring prices.""the market is not taking any chances. prices are very overbought anyway, so traders might want to take some money off the table before the deal is concrete,"" said avtar sandu, senior commodity trader at phillips futures in singapore. oil prices fall as china crude import data weighs talks among the organization of the petroleum exporting countries (OPEC) and allies including russia, a group known as OPEC+, had broken down this month after the UAE objected to an extension to the group supply pact beyond april 2022.however, analysts at goldman sachs, citi and UBS expect supplies to remain tight in the coming months even if OPEC+ finalises an agreement to raise output.""with the oil market already in deficit and demand growth outpacing supply growth, the crude market will likely tighten further this summer,"" said UBS analyst giovanni Staunovo.""We believe ongoing declines in global oil inventories could boost brent to $80 per barrel and WTI to $77 per barrel between now and September.""In the united states, crude stockpiles fell for an eighth straight week last week, but gasoline and diesel inventories rose despite a drop in refinery utilisation rates, data from the energy information administration showed on wednesday. global edible oil prices the large drawdown in crude stocks did little to boost oil prices as traders focused on the first rise in total petroleum stocks since early june, analysts said.oil prices also came under pressure from data showing that china economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new COVID-19 outbreaks.however, china, the world top crude importer, also reported record crude processing volumes at its refineries in june, easing some of the downward pressure on prices.elsewhere, the prospect of a quick return of iranian oil supplies to global markets has been pushed back as negotiations over the revival of the 2015 nuclear deal will not resume until mid-August when the new president takes office.', 'LONDON oil prices fell on thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as US fuel stocks rose, raising concerns over demand in the world largest consumer.brent crude dropped $1.11, or 1.5%, to $73.65 a barrel by 1212 GMT and US west texas intermediate (WTI) crude was down $1.21, or 1.7%, at $71.92.both benchmarks slid more than 2% on wednesday after reuters reported that saudi arabia and the united arab emirates (UAE) had reached a compromise that should pave the way for a deal to supply more crude to a tight oil market and cool soaring prices. ""the market is not taking any chances. prices are very overbought anyway, so traders might want to take some money off the table before the deal is concrete,"" said avtar sandu, senior commodity trader at phillips futures in Singapore.Talks among the organisation of the petroleum exporting countries (OPEC) and allies including russia, a group known as OPEC+, had broken down this month after the UAE objected to an extension to the group supply pact beyond april 2022. however, analysts at goldman sachs, citi and UBS expect supplies to remain tight in the coming months even if OPEC+ finalises an agreement to raise output.""with the oil market already in deficit and demand growth outpacing supply growth, the crude market will likely tighten further this summer,"" said UBS analyst giovanni Staunovo.""We believe ongoing declines in global oil inventories could boost brent to $80 per barrel and WTI to $77 per barrel between now and September.""OPEC stuck on thursday to its forecast for a strong recovery in world oil demand for the rest of 2021 and predicted oil use would rise further in 2022, similar to pre-pandemic rates. in the united states, crude stockpiles fell for an eighth straight week last week, but gasoline and diesel inventories rose despite a drop in refinery utilisation rates, data from the energy information administration showed on wednesday. the large drawdown in crude stocks did little to boost oil prices as traders focused on the first rise in total petroleum stocks since early june, analysts said.oil prices also came under pressure from data showing that china economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new Covid-19 outbreaks. however, china, the world top crude importer, also reported record crude processing volumes at its refineries in june, easing some of the downward pressure on prices. elsewhere, the prospect of a quick return of iranian oil supplies to global markets has been pushed back as negotiations over the revival of the 2015 nuclear deal will not resume until mid-August when the new president takes office.']","['https://www.brecorder.com/news/40107284/oil-slides-over-2pc-after-top-oil-producers-near-compromise', 'https://www.brecorder.com/news/40107371/oil-falls-1-on-prospect-of-more-supplies', 'https://www.brecorder.com/news/40107411/oil-prices-extend-losses-on-expected-supply-increase', 'https://tribune.com.pk/story/2310709/oil-prices-extend-losses-on-expected-supply-increase']","['brent, , ']","['oil prices dropped', 'oil prices fell', 'oil prices fell', 'oil prices fell']","['neg', 'neg', 'neg', 'neg']",96.03,"[-1.61, -5.33, -5.33, -5.33]",-4.4,-3,3,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""The technical indicators and overall news impact are conflicting. Although the market signal is not in the neutral range, the conflicting signals from EMA55 and MACD, along with the significant negative news impact, suggest refraining from taking any position in the market to avoid potential losses until there is more clarity in the market direction.""
}"
7/16/2021,"['Oil prices sink again, as investors look out for more supply', 'Oil track for big weekly drop as supply concerns mount']","['oil prices sink again, as investors look out for more supply', 'oil track for big weekly drop as supply concerns mount']","['Business Recorder', 'Business Recorder']","['Saudi Arabia and UAE reach compromise on oil supplyInvestors focus on rising US product inventoriesSeveral banks see tight supplies despite OPEC+ increaseChina June crude throughput hits record highNEW YORK: Oil prices fell by more than $1 a barrel on Thursday on expectations of more crude hitting the market after a compromise deal between leading OPEC producers and a surprisingly poor weekly reading on US fuel demand.Brent crude settled at $73.47 a barrel, dropping $1.29, or 1.7%. US West Texas Intermediate (WTI) crude settled at $71.65 a barrel, down $1.48, or 2.2%.The slide continued Wednesday’s losses, after Reuters reported that Saudi Arabia and the United Arab Emirates had reached an accord that should pave the way for a deal to supply more crude to a tight oil market.A deal has yet to be solidified, and the UAE energy ministry said deliberations are continuing.“That’s still the big elephant in the room - we had a deal, we didn’t have a deal - and that’s raising concerns,â€Â\x9d said Phil Flynn of Price Futures Group.Talks among the Organization of the Petroleum Exporting Countries, Russia and their allies, a group known as OPEC+, broke down this month after the UAE objected to extending the group’s supply pact beyond April 2022, saying the deal did not account for the UAE’s increased output capacity.In the United States, a large drawdown in crude stockpiles did little to boost prices as investors focused on rising fuel inventories in a week that included the Fourth of July holiday, when driving usually surges.“All that sense of gasoline optimism evaporated in just one week,â€Â\x9d said Bob Yawger, director of energy futures at Mizuho. “If you don’t need the gasoline, you don’t need the crude oil to make the gasoline, and that’s the only math that matters at the end of the day.â€Â\x9d Several banks, including Goldman Sachs, Citi and UBS expect supplies to remain tight in the coming months even if OPEC+ finalizes an agreement to raise output.OPEC, in its monthly report, said it still foresees a strong recovery in world oil demand for the rest of 2021, and predicted oil use in 2022 would reach levels similar to before the Covid-19 pandemic.', 'LONDON: Oil prices fell Friday, extending losses from the previous two sessions, and were on track for their biggest weekly drop since March after expectations of more supply put pressure on the market.Brent crude was down 82 cents, or 1.1%, at $72.65 a barrel by 1412 GMT, heading for a 3.8% fall this week. US crude futures fell 93 cents, or 1.3%, to $70.72 a barrel, on track for a 5.1% decline.Saudi Arabia and the UAE reached a compromise this week, paving the way for OPEC+ producers to finalise a deal to increase production. Oil heads for biggest weekly drop since March as supply worries mount OPEC+ - which groups the Organization of the Petroleum Exporting Countries with Russia and other producers - had earlier failed to agree after the UAE sought a higher baseline for measuring its output cuts.""All signs indicate that OPEC+ is heading for a potential compromise agreement that will allow the UAE to secure a baseline adjustment,"" RBC Capital analysts said in a note.""Other producers will undoubtedly seek similar treatment and potentially prolong the deliberations heading into the August ministerial meeting.OPEC said on Thursday it expects world oil demand to increase next year to around levels seen before the pandemic, about 100 million barrels per day (bpd), led by demand growth in the United States, China and India."" are growing increasingly concerned over a big rise in virus cases in the Asia Pacific region, which have triggered new lockdowns and could diminish demand for oil,"" ActivTrades analyst Ricardo Evangelista said. China\'s crude oil runs hit record highs in June Prices found some support from a near 8 million barrel decline in US crude stockpiles last week.JPM Commodities Research said it expects global demand for oil in July and August to be roughly 1.7% below 2019 levels.""We think sustainably recouping these final missing barrels of demand (the bulk of which is jet fuel) will still take time as colder weather sets in for the northern hemisphere and peak travel season is behind us,"" JPM said.']","['saudi arabia and UAE reach compromise on oil supplyinvestors focus on rising US product inventoriesseveral banks see tight supplies despite OPEC+ increasechina june crude throughput hits record highNEW YORK oil prices fell by more than $1 a barrel on thursday on expectations of more crude hitting the market after a compromise deal between leading OPEC producers and a surprisingly poor weekly reading on US fuel demand.brent crude settled at $73.47 a barrel, dropping $1.29, or 1.7%. US west texas intermediate (WTI) crude settled at $71.65 a barrel, down $1.48, or 2.2%.the slide continued wednesdays losses, after reuters reported that saudi arabia and the united arab emirates had reached an accord that should pave the way for a deal to supply more crude to a tight oil market.a deal has yet to be solidified, and the UAE energy ministry said deliberations are continuing.thats still the big elephant in the room - we had a deal, we didnt have a deal - and thats raising concerns, said phil flynn of price futures Group.Talks among the organization of the petroleum exporting countries, russia and their allies, a group known as OPEC+, broke down this month after the UAE objected to extending the groups supply pact beyond april 2022, saying the deal did not account for the UAEs increased output capacity.in the united states, a large drawdown in crude stockpiles did little to boost prices as investors focused on rising fuel inventories in a week that included the fourth of july holiday, when driving usually surges.all that sense of gasoline optimism evaporated in just one week, said bob yawger, director of energy futures at mizuho. if you dont need the gasoline, you dont need the crude oil to make the gasoline, and thats the only math that matters at the end of the day. several banks, including goldman sachs, citi and UBS expect supplies to remain tight in the coming months even if OPEC+ finalizes an agreement to raise output.OPEC, in its monthly report, said it still foresees a strong recovery in world oil demand for the rest of 2021, and predicted oil use in 2022 would reach levels similar to before the Covid-19 pandemic.', 'LONDON oil prices fell friday, extending losses from the previous two sessions, and were on track for their biggest weekly drop since march after expectations of more supply put pressure on the market.brent crude was down 82 cents, or 1.1%, at $72.65 a barrel by 1412 GMT, heading for a 3.8% fall this week. US crude futures fell 93 cents, or 1.3%, to $70.72 a barrel, on track for a 5.1% decline.saudi arabia and the UAE reached a compromise this week, paving the way for OPEC+ producers to finalise a deal to increase production. oil heads for biggest weekly drop since march as supply worries mount OPEC+ - which groups the organization of the petroleum exporting countries with russia and other producers - had earlier failed to agree after the UAE sought a higher baseline for measuring its output cuts.""all signs indicate that OPEC+ is heading for a potential compromise agreement that will allow the UAE to secure a baseline adjustment,"" RBC capital analysts said in a note.""other producers will undoubtedly seek similar treatment and potentially prolong the deliberations heading into the august ministerial meeting.OPEC said on thursday it expects world oil demand to increase next year to around levels seen before the pandemic, about 100 million barrels per day (bpd), led by demand growth in the united states, china and india."" are growing increasingly concerned over a big rise in virus cases in the asia pacific region, which have triggered new lockdowns and could diminish demand for oil,"" ActivTrades analyst ricardo evangelista said. china crude oil runs hit record highs in june prices found some support from a near 8 million barrel decline in US crude stockpiles last week.JPM commodities research said it expects global demand for oil in july and august to be roughly 1.7% below 2019 levels.""we think sustainably recouping these final missing barrels of demand (the bulk of which is jet fuel) will still take time as colder weather sets in for the northern hemisphere and peak travel season is behind us,"" JPM said.']","['https://www.brecorder.com/news/40107520/oil-prices-sink-again-as-investors-look-out-for-more-supply', 'https://www.brecorder.com/news/40107663/oil-track-for-big-weekly-drop-as-supply-concerns-mount']","['brent, , ']","['oil prices fell', 'oil prices fell']","['neg', 'neg']",95.78,"[-5.33, -5.33]",-5.33,-3,3,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a significantly negative outlook. Therefore, we recommend refraining from taking any position in the market to avoid potential losses.""
}"
7/19/2021,"['Asian shares slip to 1-week lows on renewed virus scare, inflation worry', 'Oil falls $2 after OPEC+ producers agree to raise output']","['asian shares slip to 1-week lows on renewed virus scare, inflation worry', 'oil falls $2 after OPEC+ producers agree to raise output']","['Business Recorder', 'Business Recorder']","['SYDNEY: Asian shares stumbled to a one-week low on Monday and perceived safe haven yen edged higher amid a relentless surge in coronavirus cases and fears of rising inflation while oil prices fell on oversupply worries.In a sign the gloomy mood would extend elsewhere, Eurostoxx 50 futures fell 0.7%, while those for Germany\'s DAX declined 0.6%. London\'s FTSE futures were 0.8% lower.In Asia, Japan\'s Nikkei dropped 1.3%. Australia\'s benchmark share index finished 0.7% lower while South Korea\'s KOSPI shed nearly 1%. Chinese stocks were mixed with the blue-chip index mildly positive after paring earlier losses.That left MSCI\'s broadest index of Asia-Pacific shares outside Japan at 677.45 points, a level not seen since July 12. The index, down 1.3% on Monday, was on track for its biggest daily percentage drop since July 8. China data, tech drive Asian shares higher Oil prices sank after an agreement over the weekend within the OPEC+ group of producers to boost output at a time when the outlook for demand is still cloudy.Global economic growth is beginning to show signs of fatigue while many countries, particularly in Asia, are struggling to curb the highly contagious Delta variant of the coronavirus and have been forced into some form of lockdown. The spectre of elevated inflation, which the market has long feared, is also haunting investors.Economists at Bank of America downgraded their forecast for US economic growth to 6.5% this year, from 7% previously, but maintained their 5.5% forecast for next year.""As for inflation, the bad news is it\'s likely to remain elevated near term,"" they said in a note, pointing to their latest read from their proprietary inflation meter which remains high.""The good news is ... we are likely near the peak, at least for the next few months, as base effects are less favourable and shortage pressures rotate away from goods towards services.""US Federal Reserve Chair Jerome Powell has repeatedly said any inflation flare-up is expected to be transitory, indicating monetary policy will remain supportive for some while yet.Yet, markets remain hard to convince.Aviva Investors, the global asset management business of Aviva plc, expects rapid growth and inflation to put some upward pressure on long-term sovereign bond yields.""As such, we prefer to be somewhat underweight duration, mainly through US treasuries,"" said Michael Grady, head of investment strategy and chief economist at Aviva Investors. ""Overall, we have a neutral view on currencies.""Action in the currency market was muted on Monday.The dollar was mildly firmer against a basket of major currencies at 92.734.Against the safe haven yen, the dollar was down 0.1% at 109.93, edging closer to the recent one-month trough of 109.52. The euro was mostly flat at $1.1801.The risk-sensitive Aussie slipped to $0.7372, the lowest since last December during early Asian trading.Equity performance in recent days underscored investor nerves.MSCI\'s all-country world index, a gauge of global shares scaled a record peak last week but finished it 0.6% lower. On Friday, the Dow closed down 0.9%, the S&P 500 slipped 0.75%, and the Nasdaq lost 0.8%.These losses came despite stronger-than-forecast US retail sales last week, which rose 0.6% in June, contrary to an expected decline.Next on investors\' radar is June quarter corporate earnings with Netflix, Philip Morris, Coca Cola and Intel Corp among companies expected to report this week.Bank of America analysts forecast an 11% earnings beat, which they say would help refuel investor confidence in broader economic recovery and drive a rotation back into so called ""value"" stocks, which currently trade below what they are actually worth.Brent crude was down 52 cents to $73.07 a barrel. US crude slipped 57 cents to $71.24 a barrel.', 'LONDON: Oil prices fell sharply on Monday after OPEC+ overcame internal divisions and agreed to boost output, sparking concerns about a crude surplus as COVID-19 infections rise in many countries.Brent crude was down $1.92, or 2.6%, at $71.67 a barrel by 1105 GMT. US oil was down $1.94, or 2.7%, at $69.87 a barrel.OPEC+ ministers agreed on Sunday to increase oil supply from August to cool prices that this month hit their highest level in more than two years as the global economy recovers from the COVID-19 pandemic.The group of members of the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia also agreed new production shares from May 2022. Novak says Russia to raise oil output in H2 ""Longer-term, free and additional production capacities from OPEC+ countries are the key reason why we see oil moving lower again,"" said Julius Baer analyst Carsten Menke.""We remain confident that the oil market is in the final phase of its upcycle.""However, Goldman Sachs said it remained bullish on the outlook for oil and the agreement was in line with its view that producers ""should focus on maintaining a tight physical market all the while guiding for higher future capacity and disincentivising competing investments.""OPEC+ last year cut output by a record 10 million barrels per day (bpd) amid an evaporation in demand the pandemic developed, prompting a collapse in prices with US oil futures prices at one point falling into negative territory. UAE\'s energy minister says it supports OPEC+ agreement OPEC+ producers have gradually eased their output curbs, which now stand at around 5.8 million bpd.To overcome internal divisions, OPEC+ agreed new production quotas for several members from May 2022, including the UAE, Saudi Arabia, Russia, Kuwait and Iraq.""Even with higher output, the market remains relatively tight,"" ANZ Research said. ""High frequency data is showing encouraging signs for oil, with US gasoline demand recently hitting a record high. This should limit the duration of the selling.""']","['SYDNEY asian shares stumbled to a one-week low on monday and perceived safe haven yen edged higher amid a relentless surge in coronavirus cases and fears of rising inflation while oil prices fell on oversupply worries.in a sign the gloomy mood would extend elsewhere, eurostoxx 50 futures fell 0.7%, while those for germany DAX declined 0.6%. london FTSE futures were 0.8% lower.in asia, japan nikkei dropped 1.3%. australia benchmark share index finished 0.7% lower while south korea KOSPI shed nearly 1%. chinese stocks were mixed with the blue-chip index mildly positive after paring earlier losses.that left MSCI broadest index of Asia-Pacific shares outside japan at 677.45 points, a level not seen since july 12. the index, down 1.3% on monday, was on track for its biggest daily percentage drop since july 8. china data, tech drive asian shares higher oil prices sank after an agreement over the weekend within the OPEC+ group of producers to boost output at a time when the outlook for demand is still cloudy.global economic growth is beginning to show signs of fatigue while many countries, particularly in asia, are struggling to curb the highly contagious delta variant of the coronavirus and have been forced into some form of lockdown. the spectre of elevated inflation, which the market has long feared, is also haunting investors.economists at bank of america downgraded their forecast for US economic growth to 6.5% this year, from 7% previously, but maintained their 5.5% forecast for next year.""as for inflation, the bad news is it likely to remain elevated near term,"" they said in a note, pointing to their latest read from their proprietary inflation meter which remains high.""the good news is . we are likely near the peak, at least for the next few months, as base effects are less favourable and shortage pressures rotate away from goods towards services.""US federal reserve chair jerome powell has repeatedly said any inflation flare-up is expected to be transitory, indicating monetary policy will remain supportive for some while yet.yet, markets remain hard to convince.aviva investors, the global asset management business of aviva plc, expects rapid growth and inflation to put some upward pressure on long-term sovereign bond yields.""as such, we prefer to be somewhat underweight duration, mainly through US treasuries,"" said michael grady, head of investment strategy and chief economist at aviva investors. ""overall, we have a neutral view on currencies.""action in the currency market was muted on Monday.The dollar was mildly firmer against a basket of major currencies at 92.734.against the safe haven yen, the dollar was down 0.1% at 109.93, edging closer to the recent one-month trough of 109.52. the euro was mostly flat at $1.1801.the risk-sensitive aussie slipped to $0.7372, the lowest since last december during early asian trading.equity performance in recent days underscored investor nerves.MSCI all-country world index, a gauge of global shares scaled a record peak last week but finished it 0.6% lower. on friday, the dow closed down 0.9%, the S&P 500 slipped 0.75%, and the nasdaq lost 0.8%.these losses came despite stronger-than-forecast US retail sales last week, which rose 0.6% in june, contrary to an expected decline.next on investors\' radar is june quarter corporate earnings with netflix, philip morris, coca cola and intel corp among companies expected to report this week.bank of america analysts forecast an 11% earnings beat, which they say would help refuel investor confidence in broader economic recovery and drive a rotation back into so called ""value"" stocks, which currently trade below what they are actually worth.brent crude was down 52 cents to $73.07 a barrel. US crude slipped 57 cents to $71.24 a barrel.', 'LONDON oil prices fell sharply on monday after OPEC+ overcame internal divisions and agreed to boost output, sparking concerns about a crude surplus as COVID-19 infections rise in many countries.brent crude was down $1.92, or 2.6%, at $71.67 a barrel by 1105 GMT. US oil was down $1.94, or 2.7%, at $69.87 a barrel.OPEC+ ministers agreed on sunday to increase oil supply from august to cool prices that this month hit their highest level in more than two years as the global economy recovers from the COVID-19 pandemic.the group of members of the organization of the petroleum exporting countries (OPEC) and allies such as russia also agreed new production shares from may 2022. novak says russia to raise oil output in H2 ""Longer-term, free and additional production capacities from OPEC+ countries are the key reason why we see oil moving lower again,"" said julius baer analyst carsten Menke.""We remain confident that the oil market is in the final phase of its upcycle.""however, goldman sachs said it remained bullish on the outlook for oil and the agreement was in line with its view that producers ""should focus on maintaining a tight physical market all the while guiding for higher future capacity and disincentivising competing investments.""OPEC+ last year cut output by a record 10 million barrels per day (bpd) amid an evaporation in demand the pandemic developed, prompting a collapse in prices with US oil futures prices at one point falling into negative territory. UAE energy minister says it supports OPEC+ agreement OPEC+ producers have gradually eased their output curbs, which now stand at around 5.8 million bpd.to overcome internal divisions, OPEC+ agreed new production quotas for several members from may 2022, including the UAE, saudi arabia, russia, kuwait and Iraq.""Even with higher output, the market remains relatively tight,"" ANZ research said. ""high frequency data is showing encouraging signs for oil, with US gasoline demand recently hitting a record high. this should limit the duration of the selling.""']","['https://www.brecorder.com/news/40108092/asian-shares-slip-to-1-week-lows-on-renewed-virus-scare-inflation-worry', 'https://www.brecorder.com/news/40108124/oil-falls-2-after-opec-producers-agree-to-raise-output']","['brent, , ']","['oil prices fell', 'oil prices fell']","['neg', 'neg']",95.87,"[-5.33, -5.33]",-5.33,-3,3,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a significantly negative outlook. Therefore, we recommend refraining from taking any position in the market to avoid potential losses.""
}"
7/20/2021,"[""Asia's gasoline crack slips to over 2-week low""]",['asia gasoline crack slips to over 2-week low'],['Business Recorder'],"['SINGAPORE: Asia\'s gasoline crack dipped on Monday, plunging to its lowest level in over two weeks, weighed down by concerns over short-term demand as several countries have reimposed COVID-19 restrictions to battle a resurgence in cases.Despite a drop in feedstock crude prices, the gasoline crack fell to $8.08 per barrel on Monday, the weakest since July 2. The crack was at $8.71 per barrel on Friday.The regional gasoline crack, however, would likely get some support in the coming weeks as China and India are expected to keep exports low, trade sources said.China\'s gasoline exports in June were 1.45 million tonnes, down from 1.55 million tonnes in May, but up 91percent from June 2020, data from the General Administration of Customs showed on Sunday.Gasoline exports from India this month are expected to stay at below-average levels with volumes projected lower than 1 million tonnes for the first time in three months, Refinitiv Oil Research assessments showed.Indian state fuel retailers\' gasoline sales have exceeded pre-pandemic levels in the first fortnight of July, growing about 3.44percent over the corresponding 2019 period, industry data showed on Friday.Meanwhile, Asia\'s naphtha crack climbed to $137.73 per tonne on Monday, the strongest level so far this year. The crack was at $134.33 per tonne on Friday.Sri Lanka\'s Ceylon Petroleum Corp (Ceypetco) is offering 110,000 barrels of naphtha for Sept. 2-3 loading from Dolphin Tanker berth, Colombo. The tender closes on July 27 and will remain valid for two days.Oil prices fell more than $1 a barrel on Monday, after the OPEC+ group of producers overcame internal divisions and agreed to boost output, sparking some concerns about a crude surplus as COVID-19 infections continue to rise in many countries.US investment bank Goldman Sachs said the OPEC+ deal to boost oil supply supports its view on oil prices and expects modest ""upside"" to its summer forecast for Brent to reach $80 a barrel.']","['SINGAPORE asia gasoline crack dipped on monday, plunging to its lowest level in over two weeks, weighed down by concerns over short-term demand as several countries have reimposed COVID-19 restrictions to battle a resurgence in cases.despite a drop in feedstock crude prices, the gasoline crack fell to $8.08 per barrel on monday, the weakest since july 2. the crack was at $8.71 per barrel on Friday.The regional gasoline crack, however, would likely get some support in the coming weeks as china and india are expected to keep exports low, trade sources said.china gasoline exports in june were 1.45 million tonnes, down from 1.55 million tonnes in may, but up 91percent from june 2020, data from the general administration of customs showed on Sunday.Gasoline exports from india this month are expected to stay at below-average levels with volumes projected lower than 1 million tonnes for the first time in three months, refinitiv oil research assessments showed.indian state fuel retailers\' gasoline sales have exceeded pre-pandemic levels in the first fortnight of july, growing about 3.44percent over the corresponding 2019 period, industry data showed on Friday.Meanwhile, asia naphtha crack climbed to $137.73 per tonne on monday, the strongest level so far this year. the crack was at $134.33 per tonne on Friday.Sri lanka ceylon petroleum corp (Ceypetco) is offering 110,000 barrels of naphtha for sept. 2-3 loading from dolphin tanker berth, colombo. the tender closes on july 27 and will remain valid for two days.oil prices fell more than $1 a barrel on monday, after the OPEC+ group of producers overcame internal divisions and agreed to boost output, sparking some concerns about a crude surplus as COVID-19 infections continue to rise in many countries.US investment bank goldman sachs said the OPEC+ deal to boost oil supply supports its view on oil prices and expects modest ""upside"" to its summer forecast for brent to reach $80 a barrel.']",['https://www.brecorder.com/news/40108210/asias-gasoline-crack-slips-to-over-2-week-low'],"['brent, , ']",['oil prices fell'],['neg'],95.87,[-5.33],-5.33,-3,3,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a significantly negative outlook. Therefore, we recommend refraining from taking any position in the market to avoid potential losses.""
}"
7/21/2021,['Oil extends gains despite rise in US inventories'],['oil extends gains despite rise in US inventories'],['Business Recorder'],"['LONDON: Oil prices rose more than 3% Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories last week and a weaker demand outlook due to rising COVID-19 infections.Brent crude futures had gained $2.13, or 3.1%, to $71.48 a barrel by 1403 GMT. US West Texas Intermediate (WTI) crude futures rose by $2.27, or 3.4%, to $69.47 a barrel.""Oil ... is appearing to have found support as risk appetite increases once again,"" Ricardo Evangelista, ActivTrades analyst said. Oil prices fall as China crude import data weighs ""This support comes after the pronounced falls registered during the last few sessions, which were triggered by apprehension over the impact of the Delta variant ..., as well as the agreement between OPEC+ countries to increase production,"" he added.Oil prices dropped on Monday following a deal by the Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, to boost supply by 400,000 bpd each month from August through December. The sell-off was exacerbated by fears that a rise in cases of the Delta variant of the coronavirus in major markets like the United States, Britain and Japan will affect demand.A potential rise in US inventories weighed on prices earlier in the session.US crude stocks rose by 806,000 barrels for the week that ended July 16, according to two market sources, citing American Petroleum Institute figures. Asia\'s gasoline crack slips to over 2-week low Analysts polled by Reuters were expecting a large fall in inventories. Official US Energy Information Administration data is due later on Wednesday.JPMorgan analysts said global demand is expected to average 99.6 million barrels per day in August, up by 5.4 mbd from April. But they also said: ""We only see 4Q21 demand recovering another incremental 330,000 vs a normalised 2019 baseline as colder weather sets in for the northern hemisphere and peak travel season is behind us.""']","['LONDON oil prices rose more than 3% wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories last week and a weaker demand outlook due to rising COVID-19 infections.brent crude futures had gained $2.13, or 3.1%, to $71.48 a barrel by 1403 GMT. US west texas intermediate (WTI) crude futures rose by $2.27, or 3.4%, to $69.47 a barrel.""oil . is appearing to have found support as risk appetite increases once again,"" ricardo evangelista, ActivTrades analyst said. oil prices fall as china crude import data weighs ""this support comes after the pronounced falls registered during the last few sessions, which were triggered by apprehension over the impact of the delta variant ., as well as the agreement between OPEC+ countries to increase production,"" he added.oil prices dropped on monday following a deal by the organization of the petroleum exporting countries and allies, together known as OPEC+, to boost supply by 400,000 bpd each month from august through december. the sell-off was exacerbated by fears that a rise in cases of the delta variant of the coronavirus in major markets like the united states, britain and japan will affect demand.a potential rise in US inventories weighed on prices earlier in the session.US crude stocks rose by 806,000 barrels for the week that ended july 16, according to two market sources, citing american petroleum institute figures. asia gasoline crack slips to over 2-week low analysts polled by reuters were expecting a large fall in inventories. official US energy information administration data is due later on Wednesday.JPMorgan analysts said global demand is expected to average 99.6 million barrels per day in august, up by 5.4 mbd from april. but they also said ""we only see 4Q21 demand recovering another incremental 330,000 vs a normalised 2019 baseline as colder weather sets in for the northern hemisphere and peak travel season is behind us.""']",['https://www.brecorder.com/news/40108466/oil-extends-gains-despite-rise-in-us-inventories'],"['brent, , ']",['oil prices dropped'],['neg'],95.87,[-1.61],-1.61,-3,3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The technical indicators and news sentiment are inconclusive. Therefore, we recommend taking no trading action at this time.""
}"
7/22/2021,"['Oil prices slip after rise in US crude oil stocks', 'Oil prices slip after rise in US crude oil stocks', 'Oil prices rise on signs of tightening supplies']","['oil prices slip after rise in US crude oil stocks', 'oil prices slip after rise in US crude oil stocks', 'oil prices rise on signs of tightening supplies']","['Business Recorder', 'Business Recorder', 'Business Recorder']","['SINGAPORE: Oil prices slipped on Thursday after an unexpected rise in US crude oil inventories and as rising COVID-19 infections threaten demand, but prices held on to most of their gains from the previous session on expectations that supplies will remain tight through year-end. Brent crude fell 11 cents, or 0.2%, to $72.12 a barrel at 0644 GMT, after rising 4.2% in the previous session. US West Texas Intermediate (WTI) crude fell 6 cents, or 0.1%, to $70.24 a barrel, after rising 4.6% on Wednesday.""Volatility in energy remains elevated as traders grapple with short-term demand weakness from Delta variant concerns and expectations the crude deficits will last till the end of the year,"" said Edward Moya, senior analyst at OANDA.""Oil will struggle to recoup all of its losses until the trend of new curbs or restrictions starts to ease across Southeast Asia, Australia, and Europe,"" he said.Crude inventories in the United States, the world\'s top oil consumer, rose unexpectedly by 2.1 million barrels last week to 439.7 million barrels, up for the first time since May, US Energy Information Administration data showed.Analysts had expected a 4.5 million-barrel drop.Still, gasoline and distillate inventories posted draws of 121,000 barrels and 1.3 million barrels, respectively, indicating higher demand due to the summer driving season.With OPEC+, comprising the Organization of the Petroleum Exporting Countries and allies like Russia, unlikely to get the market soon and Iranian negotiations delayed, the most relevant risk to market fundamentals remains a deterioration of demand due to new virus restrictions, analysts from Citi said.""Only a really tremendous demand shortfall would tip the market balance into a surplus,"" they added.JPMorgan analysts expect global demand to average 99.6 million barrels per day (mbd) in August, up by 5.4 mbd from April.Oil prices fell earlier this week following a deal by OPEC+ to boost supply by 400,000 barrels per day from August through December.', 'SINGAPORE: Oil prices slipped on Thursday after an unexpected rise in US crude oil inventories and as rising COVID-19 infections threaten demand, but prices held on to most of their gains from the previous session on expectations that supplies will remain tight through year-end. Brent crude fell 11 cents, or 0.2%, to $72.12 a barrel at 0644 GMT, after rising 4.2% in the previous session. US West Texas Intermediate (WTI) crude fell 6 cents, or 0.1%, to $70.24 a barrel, after rising 4.6% on Wednesday.""Volatility in energy remains elevated as traders grapple with short-term demand weakness from Delta variant concerns and expectations the crude deficits will last till the end of the year,"" said Edward Moya, senior analyst at OANDA.""Oil will struggle to recoup all of its losses until the trend of new curbs or restrictions starts to ease across Southeast Asia, Australia, and Europe,"" he said.Crude inventories in the United States, the world\'s top oil consumer, rose unexpectedly by 2.1 million barrels last week to 439.7 million barrels, up for the first time since May, US Energy Information Administration data showed.Analysts had expected a 4.5 million-barrel drop.Still, gasoline and distillate inventories posted draws of 121,000 barrels and 1.3 million barrels, respectively, indicating higher demand due to the summer driving season.With OPEC+, comprising the Organization of the Petroleum Exporting Countries and allies like Russia, unlikely to get the market soon and Iranian negotiations delayed, the most relevant risk to market fundamentals remains a deterioration of demand due to new virus restrictions, analysts from Citi said.""Only a really tremendous demand shortfall would tip the market balance into a surplus,"" they added.JPMorgan analysts expect global demand to average 99.6 million barrels per day (mbd) in August, up by 5.4 mbd from April.Oil prices fell earlier this week following a deal by OPEC+ to boost supply by 400,000 barrels per day from August through December.', 'LONDON: Oil prices rose on Thursday, extending strong gains made in previous sessions on expectations of tighter supplies until the end of the year as economies recover from the coronavirus crisis.Brent crude rose 77 cents, or 1.1%, to $73 a barrel at 1100 GMT, after rising 4.2% in the previous session. US West Texas Intermediate (WTI) crude rose 81 cents, or 1.15%, to $71.11 a barrel, after rising 4.6% on Wednesday.""Some soft spots have emerged in the oil demand recovery, but this is unlikely to change the outlook fundamentally,"" Morgan Stanley said in a note. Members of the Organization of the Petroleum Exporting Countries and other producers including Russia, a group known as OPEC+, agreed this week on a deal to boost oil supply by 400,000 barrels per day from August to December to cool prices and meet growing demand.But demand was still set to outstrip supply in the second half, leading Brent prices to trade in the mid to high-$70s per barrel for the remainder of 2021, Morgan Stanley said.Oil prices slip after rise in US crude oil stocks""In the end, the global GDP (gross domestic product) recovery will likely remain on track, inventory data continues to be encouraging, our balances show tightness in H2 and we expect OPEC to remain cohesive,"" it said.Crude inventories in the United States, the world\'s top oil consumer, rose unexpectedly by 2.1 million barrels last week to 439.7 million barrels, up for the first time since May, US Energy Information Administration data showed.Barclays analysts also expected a faster-than-expected draw in global oil inventories to pre-pandemic levels, prompting the bank to raise its 2021 oil price forecast by $3 to $5 to average $69 a barrel. ""Notwithstanding the tail risks, supply-demand dynamics point to a slow grind higher in prices over the next few months,"" Barclays said in a report on Thursday.']","['SINGAPORE oil prices slipped on thursday after an unexpected rise in US crude oil inventories and as rising COVID-19 infections threaten demand, but prices held on to most of their gains from the previous session on expectations that supplies will remain tight through year-end. brent crude fell 11 cents, or 0.2%, to $72.12 a barrel at 0644 GMT, after rising 4.2% in the previous session. US west texas intermediate (WTI) crude fell 6 cents, or 0.1%, to $70.24 a barrel, after rising 4.6% on Wednesday.""Volatility in energy remains elevated as traders grapple with short-term demand weakness from delta variant concerns and expectations the crude deficits will last till the end of the year,"" said edward moya, senior analyst at OANDA.""Oil will struggle to recoup all of its losses until the trend of new curbs or restrictions starts to ease across southeast asia, australia, and europe,"" he said.crude inventories in the united states, the world top oil consumer, rose unexpectedly by 2.1 million barrels last week to 439.7 million barrels, up for the first time since may, US energy information administration data showed.analysts had expected a 4.5 million-barrel drop.still, gasoline and distillate inventories posted draws of 121,000 barrels and 1.3 million barrels, respectively, indicating higher demand due to the summer driving season.with OPEC+, comprising the organization of the petroleum exporting countries and allies like russia, unlikely to get the market soon and iranian negotiations delayed, the most relevant risk to market fundamentals remains a deterioration of demand due to new virus restrictions, analysts from citi said.""only a really tremendous demand shortfall would tip the market balance into a surplus,"" they added.JPMorgan analysts expect global demand to average 99.6 million barrels per day (mbd) in august, up by 5.4 mbd from April.Oil prices fell earlier this week following a deal by OPEC+ to boost supply by 400,000 barrels per day from august through december.', 'SINGAPORE oil prices slipped on thursday after an unexpected rise in US crude oil inventories and as rising COVID-19 infections threaten demand, but prices held on to most of their gains from the previous session on expectations that supplies will remain tight through year-end. brent crude fell 11 cents, or 0.2%, to $72.12 a barrel at 0644 GMT, after rising 4.2% in the previous session. US west texas intermediate (WTI) crude fell 6 cents, or 0.1%, to $70.24 a barrel, after rising 4.6% on Wednesday.""Volatility in energy remains elevated as traders grapple with short-term demand weakness from delta variant concerns and expectations the crude deficits will last till the end of the year,"" said edward moya, senior analyst at OANDA.""Oil will struggle to recoup all of its losses until the trend of new curbs or restrictions starts to ease across southeast asia, australia, and europe,"" he said.crude inventories in the united states, the world top oil consumer, rose unexpectedly by 2.1 million barrels last week to 439.7 million barrels, up for the first time since may, US energy information administration data showed.analysts had expected a 4.5 million-barrel drop.still, gasoline and distillate inventories posted draws of 121,000 barrels and 1.3 million barrels, respectively, indicating higher demand due to the summer driving season.with OPEC+, comprising the organization of the petroleum exporting countries and allies like russia, unlikely to get the market soon and iranian negotiations delayed, the most relevant risk to market fundamentals remains a deterioration of demand due to new virus restrictions, analysts from citi said.""only a really tremendous demand shortfall would tip the market balance into a surplus,"" they added.JPMorgan analysts expect global demand to average 99.6 million barrels per day (mbd) in august, up by 5.4 mbd from April.Oil prices fell earlier this week following a deal by OPEC+ to boost supply by 400,000 barrels per day from august through december.', 'LONDON oil prices rose on thursday, extending strong gains made in previous sessions on expectations of tighter supplies until the end of the year as economies recover from the coronavirus crisis.brent crude rose 77 cents, or 1.1%, to $73 a barrel at 1100 GMT, after rising 4.2% in the previous session. US west texas intermediate (WTI) crude rose 81 cents, or 1.15%, to $71.11 a barrel, after rising 4.6% on Wednesday.""Some soft spots have emerged in the oil demand recovery, but this is unlikely to change the outlook fundamentally,"" morgan stanley said in a note. members of the organization of the petroleum exporting countries and other producers including russia, a group known as OPEC+, agreed this week on a deal to boost oil supply by 400,000 barrels per day from august to december to cool prices and meet growing demand.but demand was still set to outstrip supply in the second half, leading brent prices to trade in the mid to high-$70s per barrel for the remainder of 2021, morgan stanley said.oil prices slip after rise in US crude oil stocks""in the end, the global GDP (gross domestic product) recovery will likely remain on track, inventory data continues to be encouraging, our balances show tightness in H2 and we expect OPEC to remain cohesive,"" it said.crude inventories in the united states, the world top oil consumer, rose unexpectedly by 2.1 million barrels last week to 439.7 million barrels, up for the first time since may, US energy information administration data showed.barclays analysts also expected a faster-than-expected draw in global oil inventories to pre-pandemic levels, prompting the bank to raise its 2021 oil price forecast by $3 to $5 to average $69 a barrel. ""notwithstanding the tail risks, supply-demand dynamics point to a slow grind higher in prices over the next few months,"" barclays said in a report on thursday.']","['https://www.brecorder.com/news/40108503/oil-prices-slip-after-rise-in-us-crude-oil-stocks', 'https://www.brecorder.com/news/40108503/oil-prices-slip-after-rise-in-us-crude-oil-stocks', 'https://www.brecorder.com/news/40108512/oil-prices-rise-on-signs-of-tightening-supplies']","['brent, , ']","['oil prices slip', 'oil prices fell', 'oil prices slip']","['neg', 'neg', 'neg']",95.87,"[-1.78, -5.33, -1.78]",-2.96,-3,3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The overall news sentiment is negative but not significantly low. The market signal also suggests a neutral stance. Hence, we recommend holding the position and closely monitoring the market for any significant changes in sentiment.""
}"
7/26/2021,"['Oil falls as Covid-19, slower China imports hit demand', 'Oil prices fall as coronavirus, floods threaten demand']","['oil falls as Covid-19, slower china imports hit demand', 'oil prices fall as coronavirus, floods threaten demand']","['Tribune', 'Business Recorder']","['LONDON:Oil prices fell on Monday due to concerns over fuel demand caused by the spread of Covid-19 variants and as changes to import rules in China offset expectations of tight supplies through the rest of the year.Brent crude futures for September fell $0.35, or 0.4%, to $73.75 a barrel by 1100 GMT while US Texas Intermediate crude was at $71.63 a barrel, down $0.44 or 0.6%.Both benchmarks slipped over $1 a barrel in earlier trading.Coronavirus cases continued to rise over the weekend with some countries reporting record daily increases and extending lockdown measures that could slow oil demand. China, the world’s largest crude importer, has also seen a rise in Covid-19 cases.Also, Beijing’s crackdown on the misuse of import quotas combined with the impact of high crude prices could see China’s growth in oil imports sink to its slowest in two decades this year, despite an expected rise in refining rates in the second half.“The Delta variant is still spreading and China has started to clamp down on teapots so their import growth would not be that much,â€ÂÂ\x9d said Avtar Sandu, a senior commodities manager at Singapore’s Phillips Futures, referring to independent refiners.Strong US demand and expectations of tight supplies have helped both contracts recover from a 7% slump last Monday to mark their first gains in two to three weeks last week.Global oil markets are expected to remain in deficit despite a decision by the Organisation of the Petroleum Exporting Countries and their allies to raise production through the rest of the year.Previous Monday’s sell-off also came on the heels of a report by the US Commodity Futures Trading Commission (CFTC), which showed money managers cut their net long US crude futures and options positions in the week to July 20.“The oil market should continue to experience a significant deficit in terms of supply versus demand,â€ÂÂ\x9d said Stephen Brennock of oil broker PVM.“As much as this will keep a floor under prices, that is not to say that they will rally strongly from current levels. This is because pandemic-fuelled demand fears have not completely lost their grip on market sentiment.â€ÂÂ\x9d', 'SINGAPORE: Oil prices fell on Monday as concerns about fuel demand from the spread of COVID-19 variants and floods in China offset expectations of tight supplies through the rest of the year.Brent crude futures for September fell 44 cents, or 0.6%, to $73.66 a barrel by 0432 GMT while US Texas Intermediate crude was at $71.62 a barrel, down 45 cents.Coronavirus cases continued to rise over the weekend with some countries posting record daily increases and extending lockdown measures that could slow oil demand. China, the world\'s largest crude importer, has also seen a rise in COVID-19 cases while the nation battled severe floods and a typhoon in central and eastern parts of the country.[ Israel freezes UAE oil deal over environmental concerns ][1]Also, Beijing\'s crackdown on the misuse of import quotas combined with the impact of high crude prices could see China\'s growth in oil imports sink to the lowest in two decades in 2021, despite an expected rise in refining rates in the second half.""The delta variant is still spreading and China has started to clamp down on teapots so their import growth would not be that much,"" said Avtar Sandu, a senior commodities manager at Singapore\'s Phillips Futures, referring to independent refiners.He added that investors are looking ahead to the next Federal Reserve meeting and US oil inventories data later this week for price direction.However, strong US demand and expectations of tight supplies are underpinning prices, enabling both contracts to recover from a 7% slump last Monday to mark their first gains in 2-3 weeks last week.""Bargain hunters came in droves when Brent got below $70 and the economic demand for energy looks robust,"" Howie Lee, an economist at Singapore\'s OCBC Bank said.""Demand data especially from the US continues to be strong and has reduced those concerns.""Global oil markets are expected to remain in deficit despite a decision by the Organization of the Petroleum Exporting Countries and their allies to raise production through the rest of the year.The prospect of a swift return of Iranian supplies is diminishing as talks to revive a 2015 nuclear deal have been pushed back to August. Meanwhile, the United States is considering cracking down on Iranian oil sales to China as it braces for the possibility that Tehran may not return to nuclear talks or may adopt a harder line whenever it does, a US official said.In the United States, the recovery in oil drilling has been modest as producers restrained spending. US oil rigs rose by seven to 387 last week, their highest since April 2020, energy services firm Baker Hughes Co said on Friday.']","['LONDON oil prices fell on monday due to concerns over fuel demand caused by the spread of Covid-19 variants and as changes to import rules in china offset expectations of tight supplies through the rest of the year.brent crude futures for september fell $0.35, or 0.4%, to $73.75 a barrel by 1100 GMT while US texas intermediate crude was at $71.63 a barrel, down $0.44 or 0.6%.both benchmarks slipped over $1 a barrel in earlier trading.coronavirus cases continued to rise over the weekend with some countries reporting record daily increases and extending lockdown measures that could slow oil demand. china, the worlds largest crude importer, has also seen a rise in Covid-19 cases.also, beijings crackdown on the misuse of import quotas combined with the impact of high crude prices could see chinas growth in oil imports sink to its slowest in two decades this year, despite an expected rise in refining rates in the second half.the delta variant is still spreading and china has started to clamp down on teapots so their import growth would not be that much, said avtar sandu, a senior commodities manager at singapores phillips futures, referring to independent refiners.strong US demand and expectations of tight supplies have helped both contracts recover from a 7% slump last monday to mark their first gains in two to three weeks last week.global oil markets are expected to remain in deficit despite a decision by the organisation of the petroleum exporting countries and their allies to raise production through the rest of the year.previous mondays sell-off also came on the heels of a report by the US commodity futures trading commission (CFTC), which showed money managers cut their net long US crude futures and options positions in the week to july 20.the oil market should continue to experience a significant deficit in terms of supply versus demand, said stephen brennock of oil broker PVM.As much as this will keep a floor under prices, that is not to say that they will rally strongly from current levels. this is because pandemic-fuelled demand fears have not completely lost their grip on market sentiment.', 'SINGAPORE oil prices fell on monday as concerns about fuel demand from the spread of COVID-19 variants and floods in china offset expectations of tight supplies through the rest of the year.brent crude futures for september fell 44 cents, or 0.6%, to $73.66 a barrel by 0432 GMT while US texas intermediate crude was at $71.62 a barrel, down 45 cents.coronavirus cases continued to rise over the weekend with some countries posting record daily increases and extending lockdown measures that could slow oil demand. china, the world largest crude importer, has also seen a rise in COVID-19 cases while the nation battled severe floods and a typhoon in central and eastern parts of the country.[ israel freezes UAE oil deal over environmental concerns ][1]Also, beijing crackdown on the misuse of import quotas combined with the impact of high crude prices could see china growth in oil imports sink to the lowest in two decades in 2021, despite an expected rise in refining rates in the second half.""the delta variant is still spreading and china has started to clamp down on teapots so their import growth would not be that much,"" said avtar sandu, a senior commodities manager at singapore phillips futures, referring to independent refiners.he added that investors are looking ahead to the next federal reserve meeting and US oil inventories data later this week for price direction.however, strong US demand and expectations of tight supplies are underpinning prices, enabling both contracts to recover from a 7% slump last monday to mark their first gains in 2-3 weeks last week.""bargain hunters came in droves when brent got below $70 and the economic demand for energy looks robust,"" howie lee, an economist at singapore OCBC bank said.""demand data especially from the US continues to be strong and has reduced those concerns.""global oil markets are expected to remain in deficit despite a decision by the organization of the petroleum exporting countries and their allies to raise production through the rest of the year.the prospect of a swift return of iranian supplies is diminishing as talks to revive a 2015 nuclear deal have been pushed back to august. meanwhile, the united states is considering cracking down on iranian oil sales to china as it braces for the possibility that tehran may not return to nuclear talks or may adopt a harder line whenever it does, a US official said.in the united states, the recovery in oil drilling has been modest as producers restrained spending. US oil rigs rose by seven to 387 last week, their highest since april 2020, energy services firm baker hughes co said on friday.']","['https://tribune.com.pk/story/2312230/oil-falls-as-covid-19-slower-china-imports-hit-demand', 'https://www.brecorder.com/news/40109049/oil-prices-fall-as-coronavirus-floods-threaten-demand']","['brent, , ']","['oil prices fell', 'oil prices fell']","['neg', 'neg']",94.36,"[-5.33, -5.33]",-5.33,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a significantly negative outlook. Therefore, we recommend refraining from taking any position in the market to mitigate potential risks.""
}"
7/27/2021,"['Oil edges higher as tight supply outweighs virus spread', 'Oil edges higher as tight supply outweighs virus spread', 'Oil inches up as tight supply, vaccinations outweigh virus concerns']","['oil edges higher as tight supply outweighs virus spread', 'oil edges higher as tight supply outweighs virus spread', 'oil inches up as tight supply, vaccinations outweigh virus concerns']","['Tribune', 'Business Recorder', 'Business Recorder']","['LONDON:Oil prices edged higher on Tuesday as investors bet tight supply and rising vaccination rates will help offset any impact on demand from surging Covid-19 cases worldwide.Brent crude futures rose $0.23, or 0.3%, to $74.73 a barrel by 1150 GMT. US West Texas Intermediate (WTI) crude futures rose $0.07, or 0.1%, to $71.98 a barrel.Benchmark prices held their ground even after the United States issued travel warnings to Spain and Portugal due to rising Covid-19 cases. A White House official told Reuters wider travel curbs would not be lifted due to the highly infectious Delta variant and rising domestic infections.  ""With oil demand growth likely outpacing supply growth in the near term, we expect oil tightness over the summer, which should boost oil prices,"" analysts at UBS said in a research note.In one encouraging sign for fuel demand, Britain reported its lowest daily total of new Covid-19 cases since July 4 on Monday, suggesting a recent surge in infections has passed its peak.Olympic host city Tokyo, however, is on track to report a record number of coronavirus cases on Tuesday even as athletes continued to compete across the city in the fourth day of the Games.  Analysts tracking mobility data remain confident about fuel demand, counting on vaccinations to guard against strict new lockdowns.Global oil markets are expected to remain in deficit despite a decision by the Organisation of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, to raise production through the rest of the year.""Robust road traffic data across most major regions suggests rising infections are having minimal impact,"" ANZ Research analysts said.Investors are awaiting inventory data from the American Petroleum Institute industry group on Tuesday and the US Energy Information Administration on Wednesday for further evidence that demand is holding up.Five analysts polled by Reuters estimated, on average, that US crude stocks fell by about 3.4 million barrels and gasoline stocks fell by 400,000 barrels in the week to July 23.', 'LONDON: Oil prices edged higher on Tuesday as investors bet tight supply and rising vaccination rates will help offset any impact on demand from surging COVID-19 cases worldwide.Brent crude futures rose 23 cents, or 0.3%, to $74.73 a barrel by 1150 GMT. US West Texas Intermediate (WTI) crude futures rose 7 cents, or 0.1%, to $71.98 a barrel.Benchmark prices held their ground even after the United States issued travel warnings to Spain and Portugal due to rising COVID-19 cases. A White House official told Reuters wider travel curbs would not be lifted due to the highly infectious Delta variant and rising domestic infections. Brent oil may edge up to $75.36 ""With oil demand growth likely outpacing supply growth in the near term, we expect oil tightness over the summer, which should boost oil prices,"" analysts at UBS said in a research note.In one encouraging sign for fuel demand, Britain reported its lowest daily total of new COVID-19 cases since July 4 on Monday, suggesting a recent surge in infections has passed its peak.Olympic host city Tokyo, however, is on track to report a record number of coronavirus cases on Tuesday even as athletes continued to compete across the city in the fourth day of the Games.Analysts tracking mobility data remain confident about fuel demand, counting on vaccinations to guard against strict new lockdowns. Oil prices fall as coronavirus, floods threaten demand Global oil markets are expected to remain in deficit despite a decision by the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, to raise production through the rest of the year.""Robust road traffic data across most major regions suggests rising infections are having minimal impact,"" ANZ Research analysts said.Investors are awaiting inventory data from the American Petroleum Institute industry group on Tuesday and the US Energy Information Administration on Wednesday for further evidence that demand is holding up.Five analysts polled by Reuters estimated, on average, that US crude stocks fell by about 3.4 million barrels and gasoline stocks fell by 400,000 barrels in the week to July 23.', 'MELBOURNE: Oil prices were steady on Tuesday with investors betting tight supply and rising vaccination rates will help offset any impact on demand due to surging COVID-19 cases worldwide.Brent crude futures climbed 13 cents, or 0.2%, to $74.63 a barrel at 0128 GMT, extending a 0.5% gain on Monday.US West Texas Intermediate (WTI) crude futures rose 4 cents to $71.95 a barrel, after losing 16 cents on Monday.Benchmark prices rose even after the United States issued travel warnings to Spain and Portugal due to rising COVID-19 cases and a White House official told Reuters that wider travel curbs will not be lifted due to the highly infectious Delta variant and rising domestic infections. Asia’s gasoline crack up as crude eases In one encouraging sign, Britain reported its lowest daily total of new COVID-19 cases since July 4 on Monday, suggesting the recent surge in infections has passed its peak.Analysts tracking mobility data remain confident about fuel demand, counting on vaccinations to guard against strict new lockdowns.Global oil markets are expected to remain in deficit despite a decision by the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, to raise production through the rest of the year.ANZ Research analysts said ""robust road traffic data across most major regions suggests rising infections are having minimal impact"".""Investors are also encouraged by the continued restraint by US shale oil producers. So far they have maintained discipline, with a focus on returns rather than growth,"" ANZ Research analysts said in a note.Investors are awaiting inventory data from the American Petroleum Institute industry group on Tuesday and the US Energy Information Administration on Wednesday for further evidence that demand is holding up.Five analysts polled by Reuters estimated, on average, that US crude stocks fell by about 3.4 million barrels and gasoline stocks fell by 400,000 barrels in the week to July 23.']","['LONDON oil prices edged higher on tuesday as investors bet tight supply and rising vaccination rates will help offset any impact on demand from surging Covid-19 cases worldwide.brent crude futures rose $0.23, or 0.3%, to $74.73 a barrel by 1150 GMT. US west texas intermediate (WTI) crude futures rose $0.07, or 0.1%, to $71.98 a barrel.benchmark prices held their ground even after the united states issued travel warnings to spain and portugal due to rising Covid-19 cases. A white house official told reuters wider travel curbs would not be lifted due to the highly infectious delta variant and rising domestic infections. ""with oil demand growth likely outpacing supply growth in the near term, we expect oil tightness over the summer, which should boost oil prices,"" analysts at UBS said in a research note.in one encouraging sign for fuel demand, britain reported its lowest daily total of new Covid-19 cases since july 4 on monday, suggesting a recent surge in infections has passed its peak.olympic host city tokyo, however, is on track to report a record number of coronavirus cases on tuesday even as athletes continued to compete across the city in the fourth day of the games. analysts tracking mobility data remain confident about fuel demand, counting on vaccinations to guard against strict new lockdowns.global oil markets are expected to remain in deficit despite a decision by the organisation of the petroleum exporting countries and its allies, collectively known as OPEC+, to raise production through the rest of the year.""robust road traffic data across most major regions suggests rising infections are having minimal impact,"" ANZ research analysts said.investors are awaiting inventory data from the american petroleum institute industry group on tuesday and the US energy information administration on wednesday for further evidence that demand is holding up.five analysts polled by reuters estimated, on average, that US crude stocks fell by about 3.4 million barrels and gasoline stocks fell by 400,000 barrels in the week to july 23.', 'LONDON oil prices edged higher on tuesday as investors bet tight supply and rising vaccination rates will help offset any impact on demand from surging COVID-19 cases worldwide.brent crude futures rose 23 cents, or 0.3%, to $74.73 a barrel by 1150 GMT. US west texas intermediate (WTI) crude futures rose 7 cents, or 0.1%, to $71.98 a barrel.benchmark prices held their ground even after the united states issued travel warnings to spain and portugal due to rising COVID-19 cases. A white house official told reuters wider travel curbs would not be lifted due to the highly infectious delta variant and rising domestic infections. brent oil may edge up to $75.36 ""with oil demand growth likely outpacing supply growth in the near term, we expect oil tightness over the summer, which should boost oil prices,"" analysts at UBS said in a research note.in one encouraging sign for fuel demand, britain reported its lowest daily total of new COVID-19 cases since july 4 on monday, suggesting a recent surge in infections has passed its peak.olympic host city tokyo, however, is on track to report a record number of coronavirus cases on tuesday even as athletes continued to compete across the city in the fourth day of the Games.Analysts tracking mobility data remain confident about fuel demand, counting on vaccinations to guard against strict new lockdowns. oil prices fall as coronavirus, floods threaten demand global oil markets are expected to remain in deficit despite a decision by the organization of the petroleum exporting countries and its allies, collectively known as OPEC+, to raise production through the rest of the year.""robust road traffic data across most major regions suggests rising infections are having minimal impact,"" ANZ research analysts said.investors are awaiting inventory data from the american petroleum institute industry group on tuesday and the US energy information administration on wednesday for further evidence that demand is holding up.five analysts polled by reuters estimated, on average, that US crude stocks fell by about 3.4 million barrels and gasoline stocks fell by 400,000 barrels in the week to july 23.', 'MELBOURNE oil prices were steady on tuesday with investors betting tight supply and rising vaccination rates will help offset any impact on demand due to surging COVID-19 cases worldwide.brent crude futures climbed 13 cents, or 0.2%, to $74.63 a barrel at 0128 GMT, extending a 0.5% gain on Monday.US west texas intermediate (WTI) crude futures rose 4 cents to $71.95 a barrel, after losing 16 cents on Monday.Benchmark prices rose even after the united states issued travel warnings to spain and portugal due to rising COVID-19 cases and a white house official told reuters that wider travel curbs will not be lifted due to the highly infectious delta variant and rising domestic infections. asias gasoline crack up as crude eases in one encouraging sign, britain reported its lowest daily total of new COVID-19 cases since july 4 on monday, suggesting the recent surge in infections has passed its peak.analysts tracking mobility data remain confident about fuel demand, counting on vaccinations to guard against strict new lockdowns.global oil markets are expected to remain in deficit despite a decision by the organization of the petroleum exporting countries and its allies, collectively known as OPEC+, to raise production through the rest of the year.ANZ research analysts said ""robust road traffic data across most major regions suggests rising infections are having minimal impact"".""investors are also encouraged by the continued restraint by US shale oil producers. so far they have maintained discipline, with a focus on returns rather than growth,"" ANZ research analysts said in a note.investors are awaiting inventory data from the american petroleum institute industry group on tuesday and the US energy information administration on wednesday for further evidence that demand is holding up.five analysts polled by reuters estimated, on average, that US crude stocks fell by about 3.4 million barrels and gasoline stocks fell by 400,000 barrels in the week to july 23.']","['https://tribune.com.pk/story/2312439/oil-edges-higher-as-tight-supply-outweighs-virus-spread', 'https://www.brecorder.com/news/40109398/oil-edges-higher-as-tight-supply-outweighs-virus-spread', 'https://www.brecorder.com/news/40109336/oil-inches-up-as-tight-supply-vaccinations-outweigh-virus-concerns']","['brent, , ']","['US crude stocks fell', 'US crude stocks fell', 'US crude stocks fell']","['neg', 'neg', 'neg']",94.14,"[-1.04, -1.04, -1.04]",-1.04,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The overall news sentiment is slightly negative, and the market signal suggests a sell. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market to mitigate potential losses.""
}"
7/28/2021,"['Oil nears $75 as US inventory drop counters virus concerns', 'Oil rises towards $75 as US inventory drop counters virus worry', 'Oil prices gain on US fuel drawdown despite rising COVID-19 cases']","['oil nears $75 as US inventory drop counters virus concerns', 'oil rises towards $75 as US inventory drop counters virus worry', 'oil prices gain on US fuel drawdown despite rising COVID-19 cases']","['Tribune', 'Business Recorder', 'Business Recorder']","['LONDON:Oil rose towards $75 a barrel on Wednesday ahead of an industry report expected to show US crude inventories fell more than expected, bringing the focus back to a tight supply and demand balance rather than rising coronavirus infections.US crude stocks fell 4.7 million barrels, two market sources citing American Petroleum Institute figures said, more than analysts forecast. Official US Energy Information Administration inventory figures are out at 1430 GMT.""This price catalyst may inject some much-needed momentum into proceedings, especially after the API set a bullish tone,"" said Stephen Brennock of broker PVM, referring to the EIA report.Brent crude rose $0.23, or 0.3%, to $74.71 a barrel at 1200 GMT, after posting on Tuesday its first decline in six days. US West Texas Intermediate (WTI) crude advanced $0.33, or 0.5%, to $71.98.Oil has risen 44% this year, helped by demand recovery and supply curbs by the Organisation of the Petroleum Exporting Countries and allies, known as OPEC+.OPEC+ agreed to increase supply by 400,000 barrels per day from August, unwinding more of last year\'s record supply cut, but this is seen as too low by some analysts given the rebound in demand expected this year.""Oil supply is likely to remain tight even with the production hikes set by OPEC+,"" said Naeem Aslam of online broker Avatrade.A rising number of coronavirus cases worldwide, despite vaccination programmes, has limited the upside for oil and remains a concern.  As well as the EIA report, a statement from a US Federal Reserve policy meeting due at 1800 GMT will also be in focus. The dollar was firmer ahead of the meeting, which tends to weigh on oil as it makes crude more expensive for other currency holders.', 'LONDON: Oil rose towards $75 a barrel on Wednesday ahead of an industry report expected to show US crude inventories dropped more than expected, bringing the focus back to a tight supply and demand balance rather than rising coronavirus infections.US crude stocks fell 4.7 million barrels, two market sources citing American Petroleum Institute figures said, more than analysts forecast. Official US Energy Information Administration inventory figures are out at 1430 GMT.""This price catalyst may inject some much-needed momentum into proceedings, especially after the API set a bullish tone,"" said Stephen Brennock of broker PVM, referring to the EIA report. Crude oil demand: jittery road to recovery Brent crude rose 34 cents, or 0.5%, to $74.82 a barrel at 0820 GMT, after posting on Tuesday its first decline in six days. US West Texas Intermediate (WTI) crude advanced 40 cents, or 0.6%, to $72.05.Oil has risen 44% this year, helped by demand recovery and supply curbs by the Organization of the Petroleum Exporting Countries and allies, known as OPEC+.OPEC+ agreed to increase supply by 400,000 barrels per day from August, unwinding more of last year\'s record supply cut, but this is seen as too low by some analysts given the rebound in demand expected this year.""Oil supply is likely to remain tight even with the production hikes set by OPEC+,"" said Naeem Aslam of online broker Avatrade.A rising number of coronavirus cases worldwide, despite vaccination programmes, has limited the upside for oil and remains a concern.As well as the EIA report, a statement from a US Federal Reserve policy meeting due at 1800 GMT will also be in focus. The dollar was firmer ahead of the meeting, which tends to weigh on oil as it makes crude more expensive for other currency holders.', 'SINGAPORE: Oil prices rose on Wednesday after industry data showed US crude and product stockpile dropped more than expected last week, bolstering expectations that demand will outpace supply growth even amid a surge in COVID-19 infections.Brent crude futures rose 28 cents, or 0.4%, to $74.76 a barrel at 0506 GMT, after shedding 2 cents on Tuesday in the first decline in six days.US West Texas Intermediate (WTI) crude futures were up 33 cents, or 0.5%, at $71.98 a barrel, reversing Tuesday\'s 0.4% decline.""Crude oil prices are steady ahead of the U.S inventory data from EIA on Wednesday as traders balance the spread of Delta variant coronavirus cases against tight supplies,"" said Avtar Sandu, a senior commodities manager at Singapore\'s Phillips Futures. Crude oil demand: jittery road to recovery Data from the American Petroleum Institute industry group showed US crude stocks fell by 4.7 million barrels for the week ended July 23, gasoline inventories dropped by 6.2 million barrels and distillate stocks were down 1.9 million barrels, according to two market sources, who spoke on condition of anonymity.That compared with analysts\' expectations for a 2.9 million fall in crude stocks, following a surprise rise in crude inventories the previous week in what was the first increase since May.Traders are awaiting data from the US Energy Information Administration (EIA) on Wednesday to confirm the drop in stocks.""A more significant than expected fall (in EIA data) could be enough to shake Brent and WTI out of their ranges and test the upside,"" said Jeffrey Halley, analyst at brokerage OANDA.On gasoline stocks, analysts had expected a 900,000 barrel decline drop in the week to July 23.Fuel demand expectations are undented by soaring cases of the highly infectious Delta variant of the coronavirus in the United States, the world\'s biggest oil consumer, where the seven-day average for new cases has risen to 57,126. That is about a quarter of the pandemic peak.The International Monetary Fund on Tuesday maintained its 6% global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections.']","['LONDON oil rose towards $75 a barrel on wednesday ahead of an industry report expected to show US crude inventories fell more than expected, bringing the focus back to a tight supply and demand balance rather than rising coronavirus infections.US crude stocks fell 4.7 million barrels, two market sources citing american petroleum institute figures said, more than analysts forecast. official US energy information administration inventory figures are out at 1430 GMT.""This price catalyst may inject some much-needed momentum into proceedings, especially after the API set a bullish tone,"" said stephen brennock of broker PVM, referring to the EIA report.brent crude rose $0.23, or 0.3%, to $74.71 a barrel at 1200 GMT, after posting on tuesday its first decline in six days. US west texas intermediate (WTI) crude advanced $0.33, or 0.5%, to $71.98.oil has risen 44% this year, helped by demand recovery and supply curbs by the organisation of the petroleum exporting countries and allies, known as OPEC+.OPEC+ agreed to increase supply by 400,000 barrels per day from august, unwinding more of last year record supply cut, but this is seen as too low by some analysts given the rebound in demand expected this year.""oil supply is likely to remain tight even with the production hikes set by OPEC+,"" said naeem aslam of online broker Avatrade.A rising number of coronavirus cases worldwide, despite vaccination programmes, has limited the upside for oil and remains a concern. as well as the EIA report, a statement from a US federal reserve policy meeting due at 1800 GMT will also be in focus. the dollar was firmer ahead of the meeting, which tends to weigh on oil as it makes crude more expensive for other currency holders.', 'LONDON oil rose towards $75 a barrel on wednesday ahead of an industry report expected to show US crude inventories dropped more than expected, bringing the focus back to a tight supply and demand balance rather than rising coronavirus infections.US crude stocks fell 4.7 million barrels, two market sources citing american petroleum institute figures said, more than analysts forecast. official US energy information administration inventory figures are out at 1430 GMT.""This price catalyst may inject some much-needed momentum into proceedings, especially after the API set a bullish tone,"" said stephen brennock of broker PVM, referring to the EIA report. crude oil demand jittery road to recovery brent crude rose 34 cents, or 0.5%, to $74.82 a barrel at 0820 GMT, after posting on tuesday its first decline in six days. US west texas intermediate (WTI) crude advanced 40 cents, or 0.6%, to $72.05.oil has risen 44% this year, helped by demand recovery and supply curbs by the organization of the petroleum exporting countries and allies, known as OPEC+.OPEC+ agreed to increase supply by 400,000 barrels per day from august, unwinding more of last year record supply cut, but this is seen as too low by some analysts given the rebound in demand expected this year.""oil supply is likely to remain tight even with the production hikes set by OPEC+,"" said naeem aslam of online broker Avatrade.A rising number of coronavirus cases worldwide, despite vaccination programmes, has limited the upside for oil and remains a concern.as well as the EIA report, a statement from a US federal reserve policy meeting due at 1800 GMT will also be in focus. the dollar was firmer ahead of the meeting, which tends to weigh on oil as it makes crude more expensive for other currency holders.', 'SINGAPORE oil prices rose on wednesday after industry data showed US crude and product stockpile dropped more than expected last week, bolstering expectations that demand will outpace supply growth even amid a surge in COVID-19 infections.brent crude futures rose 28 cents, or 0.4%, to $74.76 a barrel at 0506 GMT, after shedding 2 cents on tuesday in the first decline in six days.US west texas intermediate (WTI) crude futures were up 33 cents, or 0.5%, at $71.98 a barrel, reversing tuesday 0.4% decline.""crude oil prices are steady ahead of the U.S inventory data from EIA on wednesday as traders balance the spread of delta variant coronavirus cases against tight supplies,"" said avtar sandu, a senior commodities manager at singapore phillips futures. crude oil demand jittery road to recovery data from the american petroleum institute industry group showed US crude stocks fell by 4.7 million barrels for the week ended july 23, gasoline inventories dropped by 6.2 million barrels and distillate stocks were down 1.9 million barrels, according to two market sources, who spoke on condition of anonymity.that compared with analysts\' expectations for a 2.9 million fall in crude stocks, following a surprise rise in crude inventories the previous week in what was the first increase since May.Traders are awaiting data from the US energy information administration (EIA) on wednesday to confirm the drop in stocks.""a more significant than expected fall (in EIA data) could be enough to shake brent and WTI out of their ranges and test the upside,"" said jeffrey halley, analyst at brokerage OANDA.On gasoline stocks, analysts had expected a 900,000 barrel decline drop in the week to july 23.fuel demand expectations are undented by soaring cases of the highly infectious delta variant of the coronavirus in the united states, the world biggest oil consumer, where the seven-day average for new cases has risen to 57,126. that is about a quarter of the pandemic peak.the international monetary fund on tuesday maintained its 6% global growth forecast for 2021, upgrading its outlook for the united states and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections.']","['https://tribune.com.pk/story/2312657/oil-nears-75-as-us-inventory-drop-counters-virus-concerns', 'https://www.brecorder.com/news/40109630/oil-rises-towards-75-as-us-inventory-drop-counters-virus-worry', 'https://www.brecorder.com/news/40109605/oil-prices-gain-on-us-fuel-drawdown-despite-rising-covid-19-cases']","['brent, , ']","['US crude stocks fell', 'US crude stocks fell', 'US crude stocks fell']","['neg', 'neg', 'neg']",93.41,"[-1.04, -1.04, -1.04]",-1.04,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The overall news sentiment is slightly negative, and the market signal suggests a sell. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market to mitigate potential losses.""
}"
7/30/2021,"['Oil prices drop, but on track for steep weekly gain', 'Oil prices fall, but on track for weekly gain']","['oil prices drop, but on track for steep weekly gain', 'oil prices fall, but on track for weekly gain']","['Business Recorder', 'Tribune']","['SINGAPORE: Oil prices dropped on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe.Brent crude futures for September, which expires on Friday, fell 45 cents, or 0.6%, to $75.60 a barrel by 0506 GMT, following a 1.75% jump on Thursday.The more active Brent contract for October was down 48 cents, or 0.6% to $74.62 per barrel.US West Texas Intermediate (WTI) crude futures fell 43 cents, or 0.6%, to $73.19 a barrel, whittling down a 1.7% rise from Thursday. Crude oil demand: jittery road to recovery ""Oil prices pulled back slightly amid cautious sentiment across the Asia Pacific markets as investors weighed virus concerns and weaker-than-expected US GDP and jobs data,"" said Margaret Yang, a strategist at Singapore-based DailyFX.But both benchmark contracts were headed for gains of around 2% for the week, buoyed by indications of tight crude supplies and strong demand in the United States, the world\'s biggest oil consumer.""This week, oil prices were buoyed by a weaker US dollar and strong US corporate earnings. But rising COVID-19 cases attributed to the Delta variant in the United States may cast a shadow over the demand outlook,"" Yang said.US refiners Valero Energy and PBF Energy have reported quarterly results that surpassed analysts\' expectations.Even with coronavirus cases rising in the United States, all around Asia and parts of Europe, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.""The global recovery remains on track, and by association, oil consumption even if that recovery will be much more geographically uneven than previously expected,"" said Jeffrey Halley, analyst at brokerage OANDA.Analysts also point to a rapid rebound in India\'s gasoline consumption and industrial production following its COVID-19 surge earlier this year as a sign that economies are more resilient to the pandemic.""Yes, Delta is a risk, but is it going to derail demand growth in the second half? We may not see that,"" said Commonwealth Bank commodities analyst Vivek Dhar.', 'LONDON:Oil prices fell on Friday but remained on track to post weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in Covid-19 infections across the globe.Brent crude futures for September, which expire on Friday, had dropped $0.06, or 0.1%, to $75.99 a barrel by 1103 GMT, following a 1.75% jump on Thursday.The more active Brent contract for October was down $0.2, or 0.3% to $74.90 per barrel.US West Texas Intermediate (WTI) crude futures fell $0.2, or 0.3%, to $73.42 a barrel, whittling down a 1.7% rise from Thursday.But both benchmark contracts were headed for gains of around 2% for the week.Even with coronavirus cases rising in the United States, all around Asia and parts of Europe, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.""The oil market no longer appears to be viewing the issue of the Delta variant with quite the same alarm as it was at the beginning of last week,"" said Commerzbank analyst Carsten Fritsch.""There is confidence that the ongoing vaccination campaigns in the industrialised countries will prevent any reintroduction of widespread mobility restrictions,"" he added.Analysts also point to a rapid rebound in India\'s gasoline consumption and industrial production following its Covid-19 surge earlier this year as a sign that economies are more resilient to the pandemic.""Delta is a risk, but is it going to derail demand growth in the second half? We may not see that,"" said Commonwealth Bank commodities analyst Vivek Dhar.Oil prices will trade near $70 per barrel for the rest of the year supported by the global economic recovery and a slower-than-expected return of Iranian supplies, with further gains limited by new coronavirus variants, a Reuters poll showed. Top oil exporter Saudi Arabia is expected to raise prices across various grades of crude oil it sells to Asia in September for a second straight month, tracking the strength in Middle East benchmarks, trade sources said.']","['SINGAPORE oil prices dropped on friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe.brent crude futures for september, which expires on friday, fell 45 cents, or 0.6%, to $75.60 a barrel by 0506 GMT, following a 1.75% jump on Thursday.The more active brent contract for october was down 48 cents, or 0.6% to $74.62 per barrel.US west texas intermediate (WTI) crude futures fell 43 cents, or 0.6%, to $73.19 a barrel, whittling down a 1.7% rise from thursday. crude oil demand jittery road to recovery ""oil prices pulled back slightly amid cautious sentiment across the asia pacific markets as investors weighed virus concerns and weaker-than-expected US GDP and jobs data,"" said margaret yang, a strategist at Singapore-based DailyFX.But both benchmark contracts were headed for gains of around 2% for the week, buoyed by indications of tight crude supplies and strong demand in the united states, the world biggest oil consumer.""this week, oil prices were buoyed by a weaker US dollar and strong US corporate earnings. but rising COVID-19 cases attributed to the delta variant in the united states may cast a shadow over the demand outlook,"" yang said.US refiners valero energy and PBF energy have reported quarterly results that surpassed analysts\' expectations.even with coronavirus cases rising in the united states, all around asia and parts of europe, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.""the global recovery remains on track, and by association, oil consumption even if that recovery will be much more geographically uneven than previously expected,"" said jeffrey halley, analyst at brokerage OANDA.Analysts also point to a rapid rebound in india gasoline consumption and industrial production following its COVID-19 surge earlier this year as a sign that economies are more resilient to the pandemic.""yes, delta is a risk, but is it going to derail demand growth in the second half? we may not see that,"" said commonwealth bank commodities analyst vivek dhar.', 'LONDON oil prices fell on friday but remained on track to post weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in Covid-19 infections across the globe.brent crude futures for september, which expire on friday, had dropped $0.06, or 0.1%, to $75.99 a barrel by 1103 GMT, following a 1.75% jump on Thursday.The more active brent contract for october was down $0.2, or 0.3% to $74.90 per barrel.US west texas intermediate (WTI) crude futures fell $0.2, or 0.3%, to $73.42 a barrel, whittling down a 1.7% rise from Thursday.But both benchmark contracts were headed for gains of around 2% for the week.even with coronavirus cases rising in the united states, all around asia and parts of europe, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.""the oil market no longer appears to be viewing the issue of the delta variant with quite the same alarm as it was at the beginning of last week,"" said commerzbank analyst carsten Fritsch.""There is confidence that the ongoing vaccination campaigns in the industrialised countries will prevent any reintroduction of widespread mobility restrictions,"" he added.analysts also point to a rapid rebound in india gasoline consumption and industrial production following its Covid-19 surge earlier this year as a sign that economies are more resilient to the pandemic.""delta is a risk, but is it going to derail demand growth in the second half? we may not see that,"" said commonwealth bank commodities analyst vivek Dhar.Oil prices will trade near $70 per barrel for the rest of the year supported by the global economic recovery and a slower-than-expected return of iranian supplies, with further gains limited by new coronavirus variants, a reuters poll showed. top oil exporter saudi arabia is expected to raise prices across various grades of crude oil it sells to asia in september for a second straight month, tracking the strength in middle east benchmarks, trade sources said.']","['https://www.brecorder.com/news/40110103/oil-prices-drop-but-on-track-for-steep-weekly-gain', 'https://tribune.com.pk/story/2313025/oil-prices-fall-but-on-track-for-weekly-gain']","['brent, , ']","['oil prices dropped', 'oil prices fell']","['neg', 'neg']",93.39,"[-1.61, -5.33]",-3.47,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""Although the news impact is negative, it is not significantly low. Similarly, the market signal is slightly negative but not strong enough to generate a strong sell signal. Hence, we recommend monitoring the market closely for any significant changes in sentiment.""
}"
8/2/2021,"['Wall Street avoids delta anxiety to push stocks near record highs', 'Oil prices hit by concern over Chinese economy and higher supply', 'Oil prices hit by concern over Chinese economy and higher supply', 'Oil prices slide on worries over China economy and higher crude output', 'Oil prices slide on worries over China economy and higher crude output', 'Oil hit by concern over Chinese economy, higher supply']","['wall street avoids delta anxiety to push stocks near record highs', 'oil prices hit by concern over chinese economy and higher supply', 'oil prices hit by concern over chinese economy and higher supply', 'oil prices slide on worries over china economy and higher crude output', 'oil prices slide on worries over china economy and higher crude output', 'oil hit by concern over chinese economy, higher supply']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune']","['BOSTON: US stocks rose in early trading Monday morning on optimism over government infrastructure spending and strong corporate earnings, even as oil prices fell on broader macroeconomic fear and the spread of the delta variant of the coronavirus continued.US senators on Sunday unveiled a bipartisan plan to invest around $1 trillion in roads, bridges, ports, high-speed internet and other infrastructure, with some predicting the spending bill, the largest in decades, could pass as early as this week.     A rebound in corporate profits and the recent drop in bond yields are also bolstering the case for owning stocks, even as markets stand near records and economic growth is expected to slow.Those factors helped push the S&P 500 index to a near all-time high on Monday, up 20.77 points, or 0.47%, to 4,416.03.The Dow Jones Industrial Average rose 238.94 points, or 0.68%, to 35,174.41, and the Nasdaq Composite added 20.90 points, or 0.14%, to 14,693.58.The MSCI world equity index, which tracks shares in 49 countries, gained 0.65%.Wall Street comes off record highs ahead of big tech earningsAt the same time, oil prices fell on Monday as worries over China\'s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world\'s second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers.US crude recently fell 0.96% to $73.24 per barrel and Brent was at $74.77, down 0.85% on the day.Market attention now turns to US manufacturing activity data for July, as well as the Reserve Bank of Australia meeting on Tuesday, the Bank of England meeting on Thursday, and US payrolls data on Friday. Factories across the world are suffering from supply bottlenecks, which sent prices skyrocketing in July, while a new wave of coronavirus infections in Asia demonstrated the fragile nature of the global recovery.The 10-year US Treasury yield was at 1.2172%, little changed on the day but having seen a gradual decline since April.Negatively interpreting lower Treasury yields could be a mistake, according to Morgan Stanley strategist Guneet Dhingra.""Investors are fitting a narrative of excessive pessimism to lower yields,"" Dhingra wrote in a note Sunday. ""Many of these narratives don\'t stand up to scrutiny,"" Dhingra said, noting low hospitalizations in the UK from the Delta variant as a model for the United States, ""suggesting overstated downside risks from COVID-19."" The dollar fell back towards the one-month lows hit last week when it became clear the Fed was in no hurry to tighten policy. As of mid-morning Monday, the dollar index was down 0.142%, with the euro up 0.1% at $1.1882.', 'LONDON: Oil prices fell on Monday as worries over China\'s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world\'s second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers. Brent crude oil futures slid by 87 cents, or 1.15%, to $74.54 a barrel by 1145 GMT after touching a low of $74.10. U.S. West Texas Intermediate (WTI) crude futures dropped $1, or 1.4%, to $72.95 after slipping to a session low of $72.77. ""China has been leading economic recovery in Asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,"" said Edward Moya, senior analyst at OANDA. China\'s factory activity growth slipped sharply in July as demand contracted for the first time in more than a year, a survey showed on Monday. Oil prices slide on worries over China economy and higher crude outputThe weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday.Also weighing on prices, a Reuters survey found that oil output from the Organization of the Petroleum Exporting Countries (OPEC) rose in July to its highest since April 2020.  The United States will not lock down again to curb COVID-19,  but ""things are going to get worse"" as the Delta variant fuels a surge in cases, mostly among the unvaccinated, President Joe Biden\'s chief medical adviser Anthony Fauci said on Sunday.  The United States and Britain on Sunday said they believed that Iran carried out Thursday\'s attack on an Israeli-managed petroleum products tanker, which killed a Briton and a Romanian, and pledged to work with partners to respond.', 'LONDON: Oil prices fell on Monday as worries over China\'s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world\'s second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers. Brent crude oil futures slid by 87 cents, or 1.15%, to $74.54 a barrel by 1145 GMT after touching a low of $74.10. U.S. West Texas Intermediate (WTI) crude futures dropped $1, or 1.4%, to $72.95 after slipping to a session low of $72.77. ""China has been leading economic recovery in Asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,"" said Edward Moya, senior analyst at OANDA. China\'s factory activity growth slipped sharply in July as demand contracted for the first time in more than a year, a survey showed on Monday. Oil prices slide on worries over China economy and higher crude outputThe weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday.Also weighing on prices, a Reuters survey found that oil output from the Organization of the Petroleum Exporting Countries (OPEC) rose in July to its highest since April 2020.  The United States will not lock down again to curb COVID-19,  but ""things are going to get worse"" as the Delta variant fuels a surge in cases, mostly among the unvaccinated, President Joe Biden\'s chief medical adviser Anthony Fauci said on Sunday.  The United States and Britain on Sunday said they believed that Iran carried out Thursday\'s attack on an Israeli-managed petroleum products tanker, which killed a Briton and a Romanian, and pledged to work with partners to respond.', 'SINGAPORE: Oil prices fell by more than $1 on Monday on worries over China\'s economy after a survey showed growth in factory activity slipped sharply in the world\'s second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.Brent crude oil futures skidded $1.12, or 1.5%, to $74.29 a barrel by 0156 GMT while US West Texas Intermediate (WTI) crude futures dropped 97 cents, or 1.3%, to $72.98 a barrel after slipping to a session low of $72.87.""China\'s been leading economic recovery in Asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,"" said Edward Moya, senior analyst at OANDA. Oil inquiry: Heads must roll ""The crude demand outlook is on shaky ground and that probably will not improve until global vaccinations improve.""China\'s factory activity growth slipped sharply in July as demand contracted for the first time in more than a year, in part on high product prices, a business survey showed on Monday, underscoring challenges facing the world\'s manufacturing hub.The weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday that showed activity growing at the slowest pace in 17 months.Also weighing on prices, a Reuters survey found that oil output from the Organization of the Petroleum Exporting Countries (OPEC) rose in July to its highest since April 2020, as the group further eased production curbs under a pact with its allies while top exporter Saudi Arabia phased out a voluntary supply cut.While coronavirus cases continue to climb globally, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.The United States will not lock down again to curb COVID-19 but ""things are going to get worse"" as the Delta variant fuels a surge in cases, mostly among the unvaccinated, top US infectious disease expert Dr. Anthony Fauci said on Sunday.India\'s daily gasoline consumption exceeded pre-pandemic levels last month as states relaxed COVID-19 lockdowns while gasoil sales were low, signalling subdued industrial activity in July.The United States and Britain said on Sunday they believed Iran carried out an attack on an Israeli-managed petroleum product tanker off the coast of Oman on Thursday that killed a Briton and a Romanian, and pledged to work with partners to respond.', 'SINGAPORE: Oil prices fell by more than $1 on Monday on worries over China\'s economy after a survey showed growth in factory activity slipped sharply in the world\'s second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.Brent crude oil futures skidded $1.12, or 1.5%, to $74.29 a barrel by 0156 GMT while US West Texas Intermediate (WTI) crude futures dropped 97 cents, or 1.3%, to $72.98 a barrel after slipping to a session low of $72.87.""China\'s been leading economic recovery in Asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,"" said Edward Moya, senior analyst at OANDA. Oil inquiry: Heads must roll ""The crude demand outlook is on shaky ground and that probably will not improve until global vaccinations improve.""China\'s factory activity growth slipped sharply in July as demand contracted for the first time in more than a year, in part on high product prices, a business survey showed on Monday, underscoring challenges facing the world\'s manufacturing hub.The weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday that showed activity growing at the slowest pace in 17 months.Also weighing on prices, a Reuters survey found that oil output from the Organization of the Petroleum Exporting Countries (OPEC) rose in July to its highest since April 2020, as the group further eased production curbs under a pact with its allies while top exporter Saudi Arabia phased out a voluntary supply cut.While coronavirus cases continue to climb globally, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.The United States will not lock down again to curb COVID-19 but ""things are going to get worse"" as the Delta variant fuels a surge in cases, mostly among the unvaccinated, top US infectious disease expert Dr. Anthony Fauci said on Sunday.India\'s daily gasoline consumption exceeded pre-pandemic levels last month as states relaxed COVID-19 lockdowns while gasoil sales were low, signalling subdued industrial activity in July.The United States and Britain said on Sunday they believed Iran carried out an attack on an Israeli-managed petroleum product tanker off the coast of Oman on Thursday that killed a Briton and a Romanian, and pledged to work with partners to respond.', 'LONDON:Oil prices fell on Monday as worries over China’s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers.Brent crude oil futures slid by $0.87, or 1.15%, to $74.54 a barrel by 1145 GMT after touching a low of $74.10.US West Texas Intermediate (WTI) crude futures dropped $1, or 1.4%, to $72.95 after slipping to a session low of $72.77.“China has been leading economic recovery in Asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,â€ÂÂ\x9d said Edward Moya, senior analyst at Oanda.China’s factory activity growth slipped sharply in July as demand contracted for the first time in more than a year, a survey showed on Monday.The weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday.Also weighing on prices, a Reuters’ survey found that oil output from the Organisation of the Petroleum Exporting Countries (OPEC) rose in July to its highest since April 2020.The United States will not lock down again to curb Covid-19, but “things are going to get worseâ€ÂÂ\x9d as the Delta variant fuels a surge in cases, mostly among the unvaccinated, President Joe Biden’s Chief Medical Adviser Anthony Fauci said on Sunday.The United States and Britain on Sunday said they believed that Iran carried out Thursday’s attack on an Israeli-managed petroleum products tanker, which killed a Briton and a Romanian, and pledged to work with partners to respond.']","['BOSTON US stocks rose in early trading monday morning on optimism over government infrastructure spending and strong corporate earnings, even as oil prices fell on broader macroeconomic fear and the spread of the delta variant of the coronavirus continued.US senators on sunday unveiled a bipartisan plan to invest around $1 trillion in roads, bridges, ports, high-speed internet and other infrastructure, with some predicting the spending bill, the largest in decades, could pass as early as this week. A rebound in corporate profits and the recent drop in bond yields are also bolstering the case for owning stocks, even as markets stand near records and economic growth is expected to slow.those factors helped push the S&P 500 index to a near all-time high on monday, up 20.77 points, or 0.47%, to 4,416.03.the dow jones industrial average rose 238.94 points, or 0.68%, to 35,174.41, and the nasdaq composite added 20.90 points, or 0.14%, to 14,693.58.the MSCI world equity index, which tracks shares in 49 countries, gained 0.65%.wall street comes off record highs ahead of big tech earningsat the same time, oil prices fell on monday as worries over china economy resurfaced after a survey showing growth in factory activity slipped sharply in the world second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers.US crude recently fell 0.96% to $73.24 per barrel and brent was at $74.77, down 0.85% on the day.market attention now turns to US manufacturing activity data for july, as well as the reserve bank of australia meeting on tuesday, the bank of england meeting on thursday, and US payrolls data on friday. factories across the world are suffering from supply bottlenecks, which sent prices skyrocketing in july, while a new wave of coronavirus infections in asia demonstrated the fragile nature of the global recovery.the 10-year US treasury yield was at 1.2172%, little changed on the day but having seen a gradual decline since April.Negatively interpreting lower treasury yields could be a mistake, according to morgan stanley strategist guneet Dhingra.""Investors are fitting a narrative of excessive pessimism to lower yields,"" dhingra wrote in a note sunday. ""many of these narratives don\'t stand up to scrutiny,"" dhingra said, noting low hospitalizations in the UK from the delta variant as a model for the united states, ""suggesting overstated downside risks from COVID-19."" the dollar fell back towards the one-month lows hit last week when it became clear the fed was in no hurry to tighten policy. as of mid-morning monday, the dollar index was down 0.142%, with the euro up 0.1% at $1.1882.', 'LONDON oil prices fell on monday as worries over china economy resurfaced after a survey showing growth in factory activity slipped sharply in the world second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers. brent crude oil futures slid by 87 cents, or 1.15%, to $74.54 a barrel by 1145 GMT after touching a low of $74.10. U.S. west texas intermediate (WTI) crude futures dropped $1, or 1.4%, to $72.95 after slipping to a session low of $72.77. ""china has been leading economic recovery in asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,"" said edward moya, senior analyst at OANDA. china factory activity growth slipped sharply in july as demand contracted for the first time in more than a year, a survey showed on monday. oil prices slide on worries over china economy and higher crude outputthe weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday.Also weighing on prices, a reuters survey found that oil output from the organization of the petroleum exporting countries (OPEC) rose in july to its highest since april 2020. the united states will not lock down again to curb COVID-19, but ""things are going to get worse"" as the delta variant fuels a surge in cases, mostly among the unvaccinated, president joe biden chief medical adviser anthony fauci said on sunday. the united states and britain on sunday said they believed that iran carried out thursday attack on an Israeli-managed petroleum products tanker, which killed a briton and a romanian, and pledged to work with partners to respond.', 'LONDON oil prices fell on monday as worries over china economy resurfaced after a survey showing growth in factory activity slipped sharply in the world second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers. brent crude oil futures slid by 87 cents, or 1.15%, to $74.54 a barrel by 1145 GMT after touching a low of $74.10. U.S. west texas intermediate (WTI) crude futures dropped $1, or 1.4%, to $72.95 after slipping to a session low of $72.77. ""china has been leading economic recovery in asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,"" said edward moya, senior analyst at OANDA. china factory activity growth slipped sharply in july as demand contracted for the first time in more than a year, a survey showed on monday. oil prices slide on worries over china economy and higher crude outputthe weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday.Also weighing on prices, a reuters survey found that oil output from the organization of the petroleum exporting countries (OPEC) rose in july to its highest since april 2020. the united states will not lock down again to curb COVID-19, but ""things are going to get worse"" as the delta variant fuels a surge in cases, mostly among the unvaccinated, president joe biden chief medical adviser anthony fauci said on sunday. the united states and britain on sunday said they believed that iran carried out thursday attack on an Israeli-managed petroleum products tanker, which killed a briton and a romanian, and pledged to work with partners to respond.', 'SINGAPORE oil prices fell by more than $1 on monday on worries over china economy after a survey showed growth in factory activity slipped sharply in the world second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.brent crude oil futures skidded $1.12, or 1.5%, to $74.29 a barrel by 0156 GMT while US west texas intermediate (WTI) crude futures dropped 97 cents, or 1.3%, to $72.98 a barrel after slipping to a session low of $72.87.""china been leading economic recovery in asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,"" said edward moya, senior analyst at OANDA. oil inquiry heads must roll ""the crude demand outlook is on shaky ground and that probably will not improve until global vaccinations improve.""china factory activity growth slipped sharply in july as demand contracted for the first time in more than a year, in part on high product prices, a business survey showed on monday, underscoring challenges facing the world manufacturing hub.the weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on saturday that showed activity growing at the slowest pace in 17 months.also weighing on prices, a reuters survey found that oil output from the organization of the petroleum exporting countries (OPEC) rose in july to its highest since april 2020, as the group further eased production curbs under a pact with its allies while top exporter saudi arabia phased out a voluntary supply cut.while coronavirus cases continue to climb globally, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.the united states will not lock down again to curb COVID-19 but ""things are going to get worse"" as the delta variant fuels a surge in cases, mostly among the unvaccinated, top US infectious disease expert dr. anthony fauci said on Sunday.India daily gasoline consumption exceeded pre-pandemic levels last month as states relaxed COVID-19 lockdowns while gasoil sales were low, signalling subdued industrial activity in July.The united states and britain said on sunday they believed iran carried out an attack on an Israeli-managed petroleum product tanker off the coast of oman on thursday that killed a briton and a romanian, and pledged to work with partners to respond.', 'SINGAPORE oil prices fell by more than $1 on monday on worries over china economy after a survey showed growth in factory activity slipped sharply in the world second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.brent crude oil futures skidded $1.12, or 1.5%, to $74.29 a barrel by 0156 GMT while US west texas intermediate (WTI) crude futures dropped 97 cents, or 1.3%, to $72.98 a barrel after slipping to a session low of $72.87.""china been leading economic recovery in asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,"" said edward moya, senior analyst at OANDA. oil inquiry heads must roll ""the crude demand outlook is on shaky ground and that probably will not improve until global vaccinations improve.""china factory activity growth slipped sharply in july as demand contracted for the first time in more than a year, in part on high product prices, a business survey showed on monday, underscoring challenges facing the world manufacturing hub.the weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on saturday that showed activity growing at the slowest pace in 17 months.also weighing on prices, a reuters survey found that oil output from the organization of the petroleum exporting countries (OPEC) rose in july to its highest since april 2020, as the group further eased production curbs under a pact with its allies while top exporter saudi arabia phased out a voluntary supply cut.while coronavirus cases continue to climb globally, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.the united states will not lock down again to curb COVID-19 but ""things are going to get worse"" as the delta variant fuels a surge in cases, mostly among the unvaccinated, top US infectious disease expert dr. anthony fauci said on Sunday.India daily gasoline consumption exceeded pre-pandemic levels last month as states relaxed COVID-19 lockdowns while gasoil sales were low, signalling subdued industrial activity in July.The united states and britain said on sunday they believed iran carried out an attack on an Israeli-managed petroleum product tanker off the coast of oman on thursday that killed a briton and a romanian, and pledged to work with partners to respond.', 'LONDON oil prices fell on monday as worries over chinas economy resurfaced after a survey showing growth in factory activity slipped sharply in the worlds second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers.brent crude oil futures slid by $0.87, or 1.15%, to $74.54 a barrel by 1145 GMT after touching a low of $74.10.US west texas intermediate (WTI) crude futures dropped $1, or 1.4%, to $72.95 after slipping to a session low of $72.77.china has been leading economic recovery in asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline, said edward moya, senior analyst at Oanda.Chinas factory activity growth slipped sharply in july as demand contracted for the first time in more than a year, a survey showed on Monday.The weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday.Also weighing on prices, a reuters survey found that oil output from the organisation of the petroleum exporting countries (OPEC) rose in july to its highest since april 2020.the united states will not lock down again to curb Covid-19, but things are going to get worse as the delta variant fuels a surge in cases, mostly among the unvaccinated, president joe bidens chief medical adviser anthony fauci said on Sunday.The united states and britain on sunday said they believed that iran carried out thursdays attack on an Israeli-managed petroleum products tanker, which killed a briton and a romanian, and pledged to work with partners to respond.']","['https://www.brecorder.com/news/40110672/wall-street-avoids-delta-anxiety-to-push-stocks-near-record-highs', 'https://www.brecorder.com/news/40110661/oil-prices-hit-by-concern-over-chinese-economy-and-higher-supply', 'https://www.brecorder.com/news/40110661/oil-prices-hit-by-concern-over-chinese-economy-and-higher-supply', 'https://www.brecorder.com/news/40110583/oil-prices-slide-on-worries-over-china-economy-and-higher-crude-output', 'https://www.brecorder.com/news/40110583/oil-prices-slide-on-worries-over-china-economy-and-higher-crude-output', 'https://tribune.com.pk/story/2313476/oil-hit-by-concern-over-chinese-economy-higher-supply']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices slide', 'oil prices fell', 'oil prices slide', 'oil prices fell']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg']",94.04,"[-5.33, -5.33, 0.36, -5.33, 0.36, -5.33]",-3.43,-3,-3,3,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The overall news sentiment is negative, although not significantly low. The market signal suggests a sell. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market to avoid potential losses.""
}"
8/3/2021,"['Oil slumps 4pc on concerns over demand and OPEC supply boost', 'Oil falls over 3pc on concerns over demand and OPEC supply boost']","['oil slumps 4pc on concerns over demand and OPEC supply boost', 'oil falls over 3pc on concerns over demand and OPEC supply boost']","['Business Recorder', 'Business Recorder']","['NEW YORK: Oil prices tumbled about 4% on Monday as weak economic data from China and the United States, the world’s top oil consumers, and higher crude output from OPEC producers stoked fears of weakness in oil demand and oversupply.Brent crude oil futures slid by $2.65, or 3.5%, to $72.76 a barrel by 11:52 a.m. EDT (1552 GMT). US West Texas Intermediate (WTI) crude dropped fell $2.91, or 3.9%, to $71.04.“The complex is reacting pretty strongly from the more bearish economic data from China and the US,â€Â\x9d said John Kilduff, partner at Again Capital LLC in New York.China’s factory activity growth slipped sharply in July as demand contracted for the first time in more than a year, a survey showed on Monday.The weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday.“China has been leading economic recovery in Asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,â€Â\x9d said Edward Moya, senior analyst at OANDA.US manufacturing activity also showed signs of slowing. The pace of growth slowed for the second straight month as spending rotates back to services from goods and shortages of raw materials persist, according to data from the Institute for Supply Management (ISM).The ISM’s index of national factory activity fell to 59.5 last month, the lowest reading since January, from 60.6 in June.Also weighing on prices, a Reuters survey found that oil output from the Organization of the Petroleum Exporting Countries (OPEC) rose in July to its highest since April 2020.The United States will not lock down again to curb COVID-19, but “things are going to get worseâ€Â\x9d as the Delta variant fuels a surge in cases, mostly among the unvaccinated, President Joe Biden’s chief medical adviser Anthony Fauci said on Sunday.The United States and Britain on Sunday said they believed that Iran carried out Thursday’s attack on an Israeli-managed petroleum products tanker, which killed a Briton and a Romanian, and pledged to work with partners to respond.', 'NEW YORK: Oil prices fell more than 3% on Monday after weak economic data from China and the United States, the world’s top oil consumers, and higher crude output from OPEC producers stoked fears of weakness in oil demand and oversupply.Brent crude oil futures settled down $2.52, or 3.3%, at $72.89 a barrel, while US West Texas Intermediate (WTI) crude ended $2.69, or 3.6%, lower at $71.26.“Energy futures...are still expressing concerns over slowed production consumption as coronavirus cases are back on the rise in several regions of the US as well as several countries overseas,â€Â\x9d said Jim Ritterbusch, president of Ritterbusch and Associates LLC in Galena, Illinois.China’s factory activity growth slipped sharply in July as demand contracted for the first time in more than a year, a survey showed on Monday.The weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday.“China has been leading economic recovery in Asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,â€Â\x9d said Edward Moya, senior analyst at OANDA.US manufacturing activity also showed signs of slowing. The pace of growth slowed for the second straight month as spending rotates back to services from goods and shortages of raw materials persist, according to data from the Institute for Supply Management (ISM).The ISM’s index of national factory activity fell to 59.5 last month, the lowest reading since January, from 60.6 in June.Also weighing on prices, a Reuters survey found that oil output from the Organization of the Petroleum Exporting Countries (OPEC) rose in July to its highest since April 2020.The United States will not lock down again to curb COVID-19,  but “things are going to get worseâ€Â\x9d as the Delta variant fuels a surge in cases, mostly among the unvaccinated, President Joe Biden’s chief medical adviser Anthony Fauci said on Sunday.The United States and Britain on Sunday said they believed that Iran carried out Thursday’s attack on an Israeli-managed petroleum products tanker, which killed a Briton and a Romanian, and pledged to work with partners to respond.']","['NEW YORK oil prices tumbled about 4% on monday as weak economic data from china and the united states, the worlds top oil consumers, and higher crude output from OPEC producers stoked fears of weakness in oil demand and oversupply.brent crude oil futures slid by $2.65, or 3.5%, to $72.76 a barrel by 11 52 a.m. EDT (1552 GMT). US west texas intermediate (WTI) crude dropped fell $2.91, or 3.9%, to $71.04.the complex is reacting pretty strongly from the more bearish economic data from china and the US, said john kilduff, partner at again capital LLC in new York.Chinas factory activity growth slipped sharply in july as demand contracted for the first time in more than a year, a survey showed on Monday.The weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday.China has been leading economic recovery in asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline, said edward moya, senior analyst at OANDA.US manufacturing activity also showed signs of slowing. the pace of growth slowed for the second straight month as spending rotates back to services from goods and shortages of raw materials persist, according to data from the institute for supply management (ISM).The ISMs index of national factory activity fell to 59.5 last month, the lowest reading since january, from 60.6 in June.Also weighing on prices, a reuters survey found that oil output from the organization of the petroleum exporting countries (OPEC) rose in july to its highest since april 2020.the united states will not lock down again to curb COVID-19, but things are going to get worse as the delta variant fuels a surge in cases, mostly among the unvaccinated, president joe bidens chief medical adviser anthony fauci said on Sunday.The united states and britain on sunday said they believed that iran carried out thursdays attack on an Israeli-managed petroleum products tanker, which killed a briton and a romanian, and pledged to work with partners to respond.', 'NEW YORK oil prices fell more than 3% on monday after weak economic data from china and the united states, the worlds top oil consumers, and higher crude output from OPEC producers stoked fears of weakness in oil demand and oversupply.brent crude oil futures settled down $2.52, or 3.3%, at $72.89 a barrel, while US west texas intermediate (WTI) crude ended $2.69, or 3.6%, lower at $71.26.energy futures.are still expressing concerns over slowed production consumption as coronavirus cases are back on the rise in several regions of the US as well as several countries overseas, said jim ritterbusch, president of ritterbusch and associates LLC in galena, Illinois.Chinas factory activity growth slipped sharply in july as demand contracted for the first time in more than a year, a survey showed on Monday.The weaker results in the private survey, mostly covering export-oriented and small manufacturers, broadly aligned with those in an official survey released on Saturday.China has been leading economic recovery in asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline, said edward moya, senior analyst at OANDA.US manufacturing activity also showed signs of slowing. the pace of growth slowed for the second straight month as spending rotates back to services from goods and shortages of raw materials persist, according to data from the institute for supply management (ISM).The ISMs index of national factory activity fell to 59.5 last month, the lowest reading since january, from 60.6 in June.Also weighing on prices, a reuters survey found that oil output from the organization of the petroleum exporting countries (OPEC) rose in july to its highest since april 2020.the united states will not lock down again to curb COVID-19, but things are going to get worse as the delta variant fuels a surge in cases, mostly among the unvaccinated, president joe bidens chief medical adviser anthony fauci said on Sunday.The united states and britain on sunday said they believed that iran carried out thursdays attack on an Israeli-managed petroleum products tanker, which killed a briton and a romanian, and pledged to work with partners to respond.']","['https://www.brecorder.com/news/40110745/oil-slumps-4pc-on-concerns-over-demand-and-opec-supply-boost', 'https://www.brecorder.com/news/40110749/oil-falls-over-3pc-on-concerns-over-demand-and-opec-supply-boost']","['brent, , ']","['oil prices tumbled', 'oil prices fell']","['neg', 'neg']",93.37,"[-1.63, -5.33]",-3.48,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The overall news sentiment is negative, although not significantly low. However, technical indicators suggest a sell signal. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market to avoid potential losses.""
}"
8/4/2021,"['Oil prices fall on US crude stock build, Delta variant spread', 'US stocks, oil prices fall as jobs report disappoints', 'Oil prices fall as Delta variant spread weighs']","['oil prices fall on US crude stock build, delta variant spread', 'US stocks, oil prices fall as jobs report disappoints', 'oil prices fall as delta variant spread weighs']","['Business Recorder', 'Business Recorder', 'Tribune']","['NEW YORK: Oil prices fell for a third day in a row to a two-week low on Wednesday on a surprise build in US crude stockpiles and as the spread of the coronavirus Delta variant outweighed the impact of Mideast geopolitical tensions.The US Energy Information Administration (EIA) said crude stockpiles rose 3.6 million barrels during the week ended July 30.That compares with the 3.1-million barrel draw analysts forecast in a Reuters poll and the 0.9-million barrel decline the American Petroleum Institute (API) reported on Tuesday.Brent futures fell $1.09, or 1.5%, to $71.32 a barrel by 10:51 a.m. EDT (1451 GMT), while US West Texas Intermediate (WTI) crude fell $1.43, or 2.0%, to $69.13.That puts both benchmarks on track for their lowest since July 20. For Brent, it puts the contract down for a third day in a row for the first time since late May. US oil may retest support at $69.72 ""Worries continue to grow over the spread of the Delta variant in China, which has weighed heavily on oil prices in recent days,"" analysts at bank ING said.The United States and China, the world\'s two biggest oil consumers, are grappling with rapidly spreading outbreaks of the highly contagious Delta variant that analysts anticipate will limit fuel demand at a time when it traditionally rises in both countries.In China, the spread of the variant from the coast to inland cities has prompted authorities to impose strict measures to bring the outbreak under control. Oil prices hit by concern over Chinese economy and higher supply Tensions in the Mideast Gulf, meanwhile, supported prices.On Tuesday, three maritime security sources claimed Iranian-backed forces seized an oil product tanker off the coast of the United Arab Emirates, though Iran denied the reports.This is the second attack on a tanker since Friday in the region, which includes the Strait of Hormuz. The United Kingdom and the United States are also blaming Iran for the earlier incident, in which drones crashed into the vessel and killed two sailors. Iran denies the reports.', 'LONDON: Wall Street, oil prices and the dollar were down on Wednesday as a disappointing private jobs report and the coronavirus Delta variant weighed on investor sentiment.European stock markets rose but pared earlier gains as the Dow opened lower after a report showed that hiring by American firms had been far smaller than expected in July.Hiring slowed to 330,000 last month, with dramatically lower gains in the construction and leisure and hospitality sectors, according to payroll services firm ADP.The jobs report ""has brought peak economic and earnings growth concerns back into play"", according to Schwab analysts.Asian stock markets mostly advanced following Tuesday\'s latest record close for the S&P 500 on Wall Street.China shares rise on tech sector bounce; Hong Kong gainsMarkets have cheered a series of strong company earnings in recent weeks but the lacklustre US job reports and the growing threat of the Delta variant, which prompted China to tighten travel restrictions, have raised concerns.Crude oil prices fell by more than two percent while the dollar was down against major currencies.The oil market has fretted over concerns that crude demand in China could tumble as a result of the tough new lockdown measures.Oil slumps 4pc on concerns over demand and OPEC supply boost""The fact that the Delta variant of the coronavirus is spreading fast is increasingly worrying, as the latest news alters the prospects of economic recovery, especially if governments decide to move toward stricter lockdown measures to break the transmission chains,"" said Ipek Ozkardeskaya, senior analyst at online bank Swissquote.The main worry surrounds the world\'s second biggest economy China, where millions of people have been put into lockdown.The country had brought domestic cases of the coronavirus down to virtually zero after the disease first emerged in Wuhan in late 2019, but it is now facing its worst outbreak in months.""While China\'s resolve to control outbreaks has been well illustrated, markets will continue to watch the outbreak given the high transmissibility of the Delta variant,"" said National Australia Bank\'s Tapas Strickland.""There are also concerns China\'s domestic vaccines are less effective against the Delta variant.""Investors meanwhile continue to fret over China\'s crackdown on a range of sectors including tech, private tuition, and property.There is a fear that gaming firms could be next after a state-run media article described online games as ""spiritual opium"".Tencent, which has been hammered by the latest government moves, rose more than two percent Wednesday on bargain-buying though it is still down more than 20 percent since the start of last month.Alibaba, another firm caught in the regulatory sweep, slipped slightly after announcing revenues fell short of forecasts for the first time in two years.Key figures around 1520 GMTNew York - Dow: DOWN 0.4 percent at 34,991.15London - FTSE 100: UP 0.1 percent at 7,114.89 pointsFrankfurt - DAX 30: UP 0.4 percent at 15,615.55Paris - CAC 40: UP 0.2 percent at 6,739.36EURO STOXX 50: UP 0.3 percent at 4,130.65Tokyo - Nikkei 225: DOWN 0.2 percent at 27,584.08 (close)Hong Kong - Hang Seng Index: UP 0.9 percent at 26,426.55 (close)Shanghai - Composite: UP 0.9 percent at 3,477.22 (close)Euro/dollar: UP at $1.1897 from $1.1868 at 2045 GMTEuro/pound: UP at 85.27 pence from 85.25 pencePound/dollar: UP at $1.3952 from $1.3916Dollar/yen: DOWN at 108.77 yen from 109.05 yen Brent North Sea crude: DOWN 2.0 percent at $70.95 per barrelWest Texas Intermediate: DOWN 2.6 percent at $68.72 per barrel', 'LONDON:Oil prices fell on Wednesday as the spread of the coronavirus Delta variant in top consuming countries outweighed Mideast geopolitical tensions and a fall in US inventories.Brent crude oil futures were down $0.67, or 0.9%, to $71.74 a barrel by 1144 GMT. US West Texas Intermediate (WTI) crude fell $0.86, or 1.2%, to $69.70 a barrel.""Worries continue to grow over the spread of the Delta variant in China, which has weighed heavily on oil prices in recent days,"" analysts at bank ING said.The United States and China, the world\'s two biggest oil consumers, are grappling with rapidly spreading outbreaks of the highly contagious Delta variant that analysts fear will limit fuel demand at a time when it traditionally rises in both countries.In China, the spread of the variant from the coast to inland cities has prompted authorities to impose strict measures to bring the outbreak under control.  An expected fall in US inventories, however, capped some losses, and both contracts traded slightly higher earlier in the session.""[Oil] bulls have drawn support from US inventory dynamics, with commercial stocks falling to their lowest since January 2020 and indications that the tightening is set to continue,"" oil brokerage PVM said.US crude inventories fell by 879,000 barrels for the week ended July 30, according to two market sources, citing figures from industry group American Petroleum Institute (API).Gasoline inventories fell by 5.8 million barrels and distillate stocks fell by 717,000 barrels, the data showed, according to the sources, who spoke on condition of anonymity.Official Energy Information Administration numbers are due later on Wednesday.Tensions in the Mideast Gulf also lent prices some support.On Tuesday, three maritime security sources clamed Iranian-backed forces seized an oil product tanker off the coast of the United Arab Emirates, though Iran denied the reports.  This is the second attack on a tanker since Friday in the region, which includes the Strait of Hormuz. The UK and the US are also blaming Iran for the earlier incident, in which drones crashed into the vessel and killed two sailors.']","['NEW YORK oil prices fell for a third day in a row to a two-week low on wednesday on a surprise build in US crude stockpiles and as the spread of the coronavirus delta variant outweighed the impact of mideast geopolitical tensions.the US energy information administration (EIA) said crude stockpiles rose 3.6 million barrels during the week ended july 30.that compares with the 3.1-million barrel draw analysts forecast in a reuters poll and the 0.9-million barrel decline the american petroleum institute (API) reported on Tuesday.Brent futures fell $1.09, or 1.5%, to $71.32 a barrel by 10 51 a.m. EDT (1451 GMT), while US west texas intermediate (WTI) crude fell $1.43, or 2.0%, to $69.13.that puts both benchmarks on track for their lowest since july 20. for brent, it puts the contract down for a third day in a row for the first time since late may. US oil may retest support at $69.72 ""worries continue to grow over the spread of the delta variant in china, which has weighed heavily on oil prices in recent days,"" analysts at bank ING said.the united states and china, the world two biggest oil consumers, are grappling with rapidly spreading outbreaks of the highly contagious delta variant that analysts anticipate will limit fuel demand at a time when it traditionally rises in both countries.in china, the spread of the variant from the coast to inland cities has prompted authorities to impose strict measures to bring the outbreak under control. oil prices hit by concern over chinese economy and higher supply tensions in the mideast gulf, meanwhile, supported prices.on tuesday, three maritime security sources claimed Iranian-backed forces seized an oil product tanker off the coast of the united arab emirates, though iran denied the reports.this is the second attack on a tanker since friday in the region, which includes the strait of hormuz. the united kingdom and the united states are also blaming iran for the earlier incident, in which drones crashed into the vessel and killed two sailors. iran denies the reports.', 'LONDON wall street, oil prices and the dollar were down on wednesday as a disappointing private jobs report and the coronavirus delta variant weighed on investor sentiment.european stock markets rose but pared earlier gains as the dow opened lower after a report showed that hiring by american firms had been far smaller than expected in July.Hiring slowed to 330,000 last month, with dramatically lower gains in the construction and leisure and hospitality sectors, according to payroll services firm ADP.The jobs report ""has brought peak economic and earnings growth concerns back into play"", according to schwab analysts.asian stock markets mostly advanced following tuesday latest record close for the S&P 500 on wall Street.China shares rise on tech sector bounce hong kong gainsmarkets have cheered a series of strong company earnings in recent weeks but the lacklustre US job reports and the growing threat of the delta variant, which prompted china to tighten travel restrictions, have raised concerns.crude oil prices fell by more than two percent while the dollar was down against major currencies.the oil market has fretted over concerns that crude demand in china could tumble as a result of the tough new lockdown measures.oil slumps 4pc on concerns over demand and OPEC supply boost""the fact that the delta variant of the coronavirus is spreading fast is increasingly worrying, as the latest news alters the prospects of economic recovery, especially if governments decide to move toward stricter lockdown measures to break the transmission chains,"" said ipek ozkardeskaya, senior analyst at online bank Swissquote.The main worry surrounds the world second biggest economy china, where millions of people have been put into lockdown.the country had brought domestic cases of the coronavirus down to virtually zero after the disease first emerged in wuhan in late 2019, but it is now facing its worst outbreak in months.""while china resolve to control outbreaks has been well illustrated, markets will continue to watch the outbreak given the high transmissibility of the delta variant,"" said national australia bank tapas Strickland.""There are also concerns china domestic vaccines are less effective against the delta variant.""investors meanwhile continue to fret over china crackdown on a range of sectors including tech, private tuition, and property.there is a fear that gaming firms could be next after a state-run media article described online games as ""spiritual opium"".tencent, which has been hammered by the latest government moves, rose more than two percent wednesday on bargain-buying though it is still down more than 20 percent since the start of last month.alibaba, another firm caught in the regulatory sweep, slipped slightly after announcing revenues fell short of forecasts for the first time in two years.key figures around 1520 GMTNew york - dow DOWN 0.4 percent at 34,991.15london - FTSE 100 UP 0.1 percent at 7,114.89 pointsfrankfurt - DAX 30 UP 0.4 percent at 15,615.55paris - CAC 40 UP 0.2 percent at 6,739.36EURO STOXX 50 UP 0.3 percent at 4,130.65tokyo - nikkei 225 DOWN 0.2 percent at 27,584.08 (close)Hong kong - hang seng index UP 0.9 percent at 26,426.55 (close)Shanghai - composite UP 0.9 percent at 3,477.22 (close)Euro/dollar UP at $1.1897 from $1.1868 at 2045 GMTEuro/pound UP at 85.27 pence from 85.25 pencepound/dollar UP at $1.3952 from $1.3916dollar/yen DOWN at 108.77 yen from 109.05 yen brent north sea crude DOWN 2.0 percent at $70.95 per barrelwest texas intermediate DOWN 2.6 percent at $68.72 per barrel', 'LONDON oil prices fell on wednesday as the spread of the coronavirus delta variant in top consuming countries outweighed mideast geopolitical tensions and a fall in US inventories.brent crude oil futures were down $0.67, or 0.9%, to $71.74 a barrel by 1144 GMT. US west texas intermediate (WTI) crude fell $0.86, or 1.2%, to $69.70 a barrel.""worries continue to grow over the spread of the delta variant in china, which has weighed heavily on oil prices in recent days,"" analysts at bank ING said.the united states and china, the world two biggest oil consumers, are grappling with rapidly spreading outbreaks of the highly contagious delta variant that analysts fear will limit fuel demand at a time when it traditionally rises in both countries.in china, the spread of the variant from the coast to inland cities has prompted authorities to impose strict measures to bring the outbreak under control. an expected fall in US inventories, however, capped some losses, and both contracts traded slightly higher earlier in the session.""[Oil] bulls have drawn support from US inventory dynamics, with commercial stocks falling to their lowest since january 2020 and indications that the tightening is set to continue,"" oil brokerage PVM said.US crude inventories fell by 879,000 barrels for the week ended july 30, according to two market sources, citing figures from industry group american petroleum institute (API).Gasoline inventories fell by 5.8 million barrels and distillate stocks fell by 717,000 barrels, the data showed, according to the sources, who spoke on condition of anonymity.official energy information administration numbers are due later on Wednesday.Tensions in the mideast gulf also lent prices some support.on tuesday, three maritime security sources clamed Iranian-backed forces seized an oil product tanker off the coast of the united arab emirates, though iran denied the reports. this is the second attack on a tanker since friday in the region, which includes the strait of hormuz. the UK and the US are also blaming iran for the earlier incident, in which drones crashed into the vessel and killed two sailors.']","['https://www.brecorder.com/news/40111180/oil-prices-fall-on-us-crude-stock-build-delta-variant-spread', 'https://www.brecorder.com/news/40111172/us-stocks-oil-prices-fall-as-jobs-report-disappoints', 'https://tribune.com.pk/story/2313865/oil-prices-fall-as-delta-variant-spread-weighs']","['brent, , ']","['oil prices fell', 'oil prices fell', 'oil prices fell']","['neg', 'neg', 'neg']",93.07,"[-5.33, -5.33, -5.33]",-5.33,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a significantly negative outlook. Therefore, we recommend refraining from taking any position in the market to mitigate potential risks.""
}"
8/5/2021,"[""Asian stocks hold gains, dollar strong on Fed official's comments"", 'Oil falls on US crude stock build, Delta variant spread']","['asian stocks hold gains, dollar strong on fed official comments', 'oil falls on US crude stock build, delta variant spread']","['Business Recorder', 'Business Recorder']","['HONG KONG: Asian shares mostly held onto this week\'s gains on Thursday, despite hawkish remarks from a senior official at the US Federal Reserve that boosted the dollar while weighing on risk appetite.Uncertainty about Chinese policy is also making investors hesistant.Futures pointed to similar caution in European equity markets. The pan-region Euro Stoxx 50 futures edged up 0.08% and FTSE futures inched 0.02% higher.MSCI\'s broadest index of Asia-Pacific shares outside Japan was down 0.16%, with small declines in Hong Kong , down 0.11%, and Korea, down 0.16%, balanced by a 0.24% gain in Australian shares which are heading towards a record close. China data, tech drive Asian shares higher Japan\'s Nikkei climbed 0.45%.This week the MSCI Asian regional benchmark has recovered most of the ground lost a week earlier, when a series of Chinese regulatory crackdowns on sectors from property to education squeezed Chinese stocks and overshadowed the region as a whole.Chinese equities have been calmer this week overall. The Chinese blue chip index was last down 0.2%, weighed primarily by investors dumping online gaming companies, fertilizer producers and e-cigarette makers fearing criticism of these industries in state media could portend more government crackdowns.""In the short term, the further rebound may continue but uncertainties over policy control will drive long-term investors away from Chinese technology names,"" said Edison Pun, senior market analyst at Saxo Markets.US stock futures - the S&P 500 e-minis - rose 0.18% in Asian trading.US stocks closed mostly lower on Wednesday, with the S&P 500 receding 0.46% from a record high. The blue-chip Dow slid 0.92%, though the tech heavy Nasdaq eked out small gains with investors there attaching greater weight to positive data from the services sector than to negative jobs figures.Markets are looking at the ""mixed signals from the data, and trying to assess what the Fed will do,"" said Kyle Rodda, an analyst at IG markets. Rodda said the latest moves were driven by an overnight speech from Fed Vice Chair Richard Clarida which took a more hawkish tone.Clarida, a major architect of the Fed\'s new policy strategy, said he said he felt the conditions for raising interest rates could be met by the end of 2022.Those remarks helped US yields and the dollar.The benchmark 10-year yield was last at 1.192% up from a US close of 1.184%, having touched 1.127% - its lowest level since February - earlier in the day.This helped the dollar, which bought 109.63 yen, compared with a low of 108.71 on Wednesday.Sterling was little changed against the dollar ahead of a Bank of England Policy meeting.""Although the BoE is widely expected to leave policy interest rates unchanged, there is a risk that the BoE strikes a more hawkish tone because economic activity is improving and inflation has lifted sharply,"" wrote CBA analysts in a note.The firmer dollar in turn weighed a little on gold, with the spot price falling 0.1%.Oil prices rose, supported by tensions in the Middle East, and recovered a little ground after three straight days of declines driven partly by a surprise build in crude stockpiles in the United State. US crude rose 0.37% to $68.4 a barrel while Brent crude climbed 0.41% to $70.59 per barrel. Ether, the world\'s second-largest cryptocurrency, dropped 0.64% having gained 8.7% a day earlier ahead of a technical adjustment to its underlying ethereum blockchain, which should happen later today.Bitcoin fell 0.8%, resting in the vicinity of $40,000 where it has been for the last week.', 'NEW YORK: Oil prices fell for a third day in a row to a two-week low on Wednesday on a surprise build in US crude stockpiles, negative US economic report and worries the spread of the coronavirus Delta variant will weigh on global energy demand.Traders noted the oil price drop came despite reports of increased Mideast geopolitical tensions.Brent futures fell $2.03, or 2.8%, to settle at $70.38 a barrel, while US West Texas Intermediate (WTI) crude  fell $2.41, or 3.4%, to settle at $68.15.That was the lowest close for both benchmarks since July 20.The US Energy Information Administration (EIA) said crude stockpiles rose by an unexpected 3.6 million barrels last week, while gasoline inventories fell by a bigger-than-forecast 5.3 million barrels.“Crude prices remained heavy after the EIA crude oil inventory showed stockpiles unexpectedly rose last week,â€Â\x9d said Edward Moya, senior market analyst at OANDA, noting “the report was mixed as gasoline stockpiles fell more than expected.â€Â\x9dWith US gasoline futures near their highest since October 2014, the gasoline crack spread - a measure of refining profit margins - closed at to its highest since hitting a record in April 2020 when WTI settled in negative territory.Coronavirus cases worldwide surpassed 200 million on Wednesday, according to a Reuters tally, as the more-infectious Delta variant threatens areas with low vaccination rates and strains healthcare systems.The United States and China, the world’s two biggest oil consumers, are grappling with rapidly spreading outbreaks of the highly contagious Delta variant that analysts anticipate will limit fuel demand at a time when it traditionally rises in both countries.The World Health Organization is calling for a halt on COVID-19 vaccine boosters until at least the end of September as the gap between vaccinations in wealthy and poor countries widens.Also weighing on oil prices was a report from ADP showing US private payrolls increased far less than expected in July.Tensions in the Mideast Gulf, meanwhile, gave oil prices some support.On Tuesday, three maritime security sources claimed Iranian-backed forces seized an oil product tanker off the coast of the United Arab Emirates, though Iran denied the reports.Oman on Wednesday identified the Panama-flagged Asphalt Princess as the tanker involved in a hijacking which Britain’s maritime trade agency earlier said was over.This is the second attack on a tanker since Friday in the region, which includes the Strait of Hormuz. Britain and the United States are also blaming Iran for the earlier incident, in which drones crashed into the vessel and killed two sailors. Iran denies the reports.']","['HONG KONG asian shares mostly held onto this week gains on thursday, despite hawkish remarks from a senior official at the US federal reserve that boosted the dollar while weighing on risk appetite.uncertainty about chinese policy is also making investors hesistant.futures pointed to similar caution in european equity markets. the pan-region euro stoxx 50 futures edged up 0.08% and FTSE futures inched 0.02% higher.MSCI broadest index of Asia-Pacific shares outside japan was down 0.16%, with small declines in hong kong , down 0.11%, and korea, down 0.16%, balanced by a 0.24% gain in australian shares which are heading towards a record close. china data, tech drive asian shares higher japan nikkei climbed 0.45%.this week the MSCI asian regional benchmark has recovered most of the ground lost a week earlier, when a series of chinese regulatory crackdowns on sectors from property to education squeezed chinese stocks and overshadowed the region as a whole.chinese equities have been calmer this week overall. the chinese blue chip index was last down 0.2%, weighed primarily by investors dumping online gaming companies, fertilizer producers and e-cigarette makers fearing criticism of these industries in state media could portend more government crackdowns.""in the short term, the further rebound may continue but uncertainties over policy control will drive long-term investors away from chinese technology names,"" said edison pun, senior market analyst at saxo Markets.US stock futures - the S&P 500 e-minis - rose 0.18% in asian trading.US stocks closed mostly lower on wednesday, with the S&P 500 receding 0.46% from a record high. the blue-chip dow slid 0.92%, though the tech heavy nasdaq eked out small gains with investors there attaching greater weight to positive data from the services sector than to negative jobs figures.markets are looking at the ""mixed signals from the data, and trying to assess what the fed will do,"" said kyle rodda, an analyst at IG markets. rodda said the latest moves were driven by an overnight speech from fed vice chair richard clarida which took a more hawkish tone.clarida, a major architect of the fed new policy strategy, said he said he felt the conditions for raising interest rates could be met by the end of 2022.those remarks helped US yields and the dollar.the benchmark 10-year yield was last at 1.192% up from a US close of 1.184%, having touched 1.127% - its lowest level since february - earlier in the day.this helped the dollar, which bought 109.63 yen, compared with a low of 108.71 on Wednesday.Sterling was little changed against the dollar ahead of a bank of england policy meeting.""although the BoE is widely expected to leave policy interest rates unchanged, there is a risk that the BoE strikes a more hawkish tone because economic activity is improving and inflation has lifted sharply,"" wrote CBA analysts in a note.the firmer dollar in turn weighed a little on gold, with the spot price falling 0.1%.oil prices rose, supported by tensions in the middle east, and recovered a little ground after three straight days of declines driven partly by a surprise build in crude stockpiles in the united state. US crude rose 0.37% to $68.4 a barrel while brent crude climbed 0.41% to $70.59 per barrel. ether, the world second-largest cryptocurrency, dropped 0.64% having gained 8.7% a day earlier ahead of a technical adjustment to its underlying ethereum blockchain, which should happen later today.bitcoin fell 0.8%, resting in the vicinity of $40,000 where it has been for the last week.', 'NEW YORK oil prices fell for a third day in a row to a two-week low on wednesday on a surprise build in US crude stockpiles, negative US economic report and worries the spread of the coronavirus delta variant will weigh on global energy demand.traders noted the oil price drop came despite reports of increased mideast geopolitical tensions.brent futures fell $2.03, or 2.8%, to settle at $70.38 a barrel, while US west texas intermediate (WTI) crude fell $2.41, or 3.4%, to settle at $68.15.that was the lowest close for both benchmarks since july 20.the US energy information administration (EIA) said crude stockpiles rose by an unexpected 3.6 million barrels last week, while gasoline inventories fell by a bigger-than-forecast 5.3 million barrels.crude prices remained heavy after the EIA crude oil inventory showed stockpiles unexpectedly rose last week, said edward moya, senior market analyst at OANDA, noting the report was mixed as gasoline stockpiles fell more than expected.with US gasoline futures near their highest since october 2014, the gasoline crack spread - a measure of refining profit margins - closed at to its highest since hitting a record in april 2020 when WTI settled in negative territory.coronavirus cases worldwide surpassed 200 million on wednesday, according to a reuters tally, as the more-infectious delta variant threatens areas with low vaccination rates and strains healthcare systems.the united states and china, the worlds two biggest oil consumers, are grappling with rapidly spreading outbreaks of the highly contagious delta variant that analysts anticipate will limit fuel demand at a time when it traditionally rises in both countries.the world health organization is calling for a halt on COVID-19 vaccine boosters until at least the end of september as the gap between vaccinations in wealthy and poor countries widens.also weighing on oil prices was a report from ADP showing US private payrolls increased far less than expected in July.Tensions in the mideast gulf, meanwhile, gave oil prices some support.on tuesday, three maritime security sources claimed Iranian-backed forces seized an oil product tanker off the coast of the united arab emirates, though iran denied the reports.oman on wednesday identified the Panama-flagged asphalt princess as the tanker involved in a hijacking which britains maritime trade agency earlier said was over.this is the second attack on a tanker since friday in the region, which includes the strait of hormuz. britain and the united states are also blaming iran for the earlier incident, in which drones crashed into the vessel and killed two sailors. iran denies the reports.']","['https://www.brecorder.com/news/40111386/asian-stocks-hold-gains-dollar-strong-on-fed-officials-comments', 'https://www.brecorder.com/news/40111268/oil-falls-on-us-crude-stock-build-delta-variant-spread']","['brent, , ']","['brent crude climbed', 'oil prices fell']","['pos', 'neg']",93.02,"[4.35, -5.33]",-0.49,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a  negative outlook. Therefore, we recommend refraining from taking any position in the market to mitigate potential risks.""
}"
8/6/2021,"['Oil steady, but set for big weekly loss on demand worries', 'Oil rises but set for weekly loss on demand worries']","['oil steady, but set for big weekly loss on demand worries', 'oil rises but set for weekly loss on demand worries']","['Business Recorder', 'Tribune']","['LONDON: Oil prices were steady on Friday, but on track for steep weekly declines on concerns over the impact on fuel demand from travel restrictions to curb the spread of the Delta variant of COVID-19.Brent crude oil futures were up 20 cents at $71.49 a barrel at 1427 GMT, set for their biggest weekly decline in over four months of over 6%.US West Texas Intermediate (WTI) crude futures rose four cents to $69.13, and were on track for their biggest weekly decline in nine months, also around 6%.""The price action we see now is really a function of the macro picture,"" said Howie Lee, an economist at Singapore bank OCBC. ""The Delta variant is now really starting to hit home and you see risk aversion in many markets, not just oil."" Oil rises on Mideast tensions but virus concerns weigh Japan is poised to expand emergency restrictions to more prefectures, while China, the world\'s second-largest oil consumer, has imposed curbs in some cities and cancelled flights.""At least 46 cities have advised against travelling and authorities have suspended flights and stopped public transport. This could impact oil demand as it comes towards the end of the summer travel season,"" ANZ said in a report.Daily new COVID-19 cases in the United States have climbed to a six-month high.However, oil prices gained support from rising tensions between Israel and Iran.""OPEC+ supply hikes should still leave the market in deficit in 2021,"" Bank of America analysts said.', 'LONDON:Oil prices rose on Friday but remained on track for their biggest weekly decline since March on concerns over the impact on fuel demand from travel restrictions to curb the spread of Delta variant of Covid-19.Brent crude oil futures were up $0.95 at $72.24 a barrel by 1135 GMT and US West Texas Intermediate (WTI) crude futures rose $0.92 to $70.01, though both contracts have given up more than 5% this week. “The price action we see now is really a function of the macro picture,â€ÂÂ\x9d said Howie Lee, an economist at Singapore bank OCBC. “The Delta variant is now really starting to hit home and you see risk aversion in many markets, not just oil.â€ÂÂ\x9dJapan is poised to expand emergency restrictions to more prefectures while China, the world’s second-largest oil consumer, has imposed curbs in some cities and cancelled flights. “At least 46 cities have advised against travelling and authorities have suspended flights and stopped public transport. This could impact oil demand as it comes towards the end of the summer travel season,â€ÂÂ\x9d ANZ said in a report.Daily new Covid-19 cases in the United States have climbed to a six-month high.However, oil prices gained support from rising tensions between Israel and Iran. “OPEC+ supply hikes should still leave the market in deficit in 2021,â€ÂÂ\x9d Bank of America analysts said.']","['LONDON oil prices were steady on friday, but on track for steep weekly declines on concerns over the impact on fuel demand from travel restrictions to curb the spread of the delta variant of COVID-19.Brent crude oil futures were up 20 cents at $71.49 a barrel at 1427 GMT, set for their biggest weekly decline in over four months of over 6%.US west texas intermediate (WTI) crude futures rose four cents to $69.13, and were on track for their biggest weekly decline in nine months, also around 6%.""the price action we see now is really a function of the macro picture,"" said howie lee, an economist at singapore bank OCBC. ""the delta variant is now really starting to hit home and you see risk aversion in many markets, not just oil."" oil rises on mideast tensions but virus concerns weigh japan is poised to expand emergency restrictions to more prefectures, while china, the world second-largest oil consumer, has imposed curbs in some cities and cancelled flights.""at least 46 cities have advised against travelling and authorities have suspended flights and stopped public transport. this could impact oil demand as it comes towards the end of the summer travel season,"" ANZ said in a report.daily new COVID-19 cases in the united states have climbed to a six-month high.however, oil prices gained support from rising tensions between israel and Iran.""OPEC+ supply hikes should still leave the market in deficit in 2021,"" bank of america analysts said.', 'LONDON oil prices rose on friday but remained on track for their biggest weekly decline since march on concerns over the impact on fuel demand from travel restrictions to curb the spread of delta variant of Covid-19.Brent crude oil futures were up $0.95 at $72.24 a barrel by 1135 GMT and US west texas intermediate (WTI) crude futures rose $0.92 to $70.01, though both contracts have given up more than 5% this week. the price action we see now is really a function of the macro picture, said howie lee, an economist at singapore bank OCBC. the delta variant is now really starting to hit home and you see risk aversion in many markets, not just oil.japan is poised to expand emergency restrictions to more prefectures while china, the worlds second-largest oil consumer, has imposed curbs in some cities and cancelled flights. at least 46 cities have advised against travelling and authorities have suspended flights and stopped public transport. this could impact oil demand as it comes towards the end of the summer travel season, ANZ said in a report.daily new Covid-19 cases in the united states have climbed to a six-month high.however, oil prices gained support from rising tensions between israel and iran. OPEC+ supply hikes should still leave the market in deficit in 2021, bank of america analysts said.']","['https://www.brecorder.com/news/40111715/oil-steady-but-set-for-big-weekly-loss-on-demand-worries', 'https://tribune.com.pk/story/2314250/oil-rises-but-set-for-weekly-loss-on-demand-worries']","['brent, , ']","['oil prices gained', 'oil prices gained']","['pos', 'pos']",93.03,"[4.14, 4.14]",4.14,-2,-3,3,0,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The technical indicators provide mixed signals, with EMA55 and EMA9 suggesting a sell while MACD indicating a buy. Given the conflicting signals and the neutral news impact, we recommend holding the position and monitoring the market closely for further clarity.""
}"
8/9/2021,"['Oil prices dive, head for big weekly loss on demand worries', 'Oil prices dive, head for big weekly loss', 'Market watch: Stocks dive on Covid fears, oil price rout', 'Oil slides 4% on China virus curbs and strong dollar', 'Oil slides 4% on China virus curbs and climate warning', 'Oil slides near 3% on China virus curbs and strong dollar', 'Palm loses nearly 2% on crude oil slump, bleak Aug. 1-10 export outlook', 'Oil slides on China COVID-19 curbs, strengthening US dollar', 'Palm oil ease ahead of official data; weaker crude oil weighs']","['oil prices dive, head for big weekly loss on demand worries', 'oil prices dive, head for big weekly loss', 'market watch stocks dive on covid fears, oil price rout', 'oil slides 4% on china virus curbs and strong dollar', 'oil slides 4% on china virus curbs and climate warning', 'oil slides near 3% on china virus curbs and strong dollar', 'palm loses nearly 2% on crude oil slump, bleak aug. 1-10 export outlook', 'oil slides on china COVID-19 curbs, strengthening US dollar', 'palm oil ease ahead of official data weaker crude oil weighs']","['Business Recorder', 'Business Recorder', 'Tribune', 'Business Recorder', 'Tribune', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['NEW YORK: Oil prices tumbled on Friday, closing out a week of losses on worries that travel restrictions to curb the spread of the Delta variant of COVID-19 will derail global economic gains.Daily new COVID-19 cases in the United States have climbed to a six-month high and Japan and China are re-imposing restrictions to halt the spread of the virus. Brent crude oil futures fell 69 cents to $70.60 a barrel at 11:38 a.m. EDT (1538 GMT), en route to a 6% drop for the week, which would be the largest losses in four months.US West Texas Intermediate (WTI) crude futures fell $1.02, or 1.5%, to $68.07 a barrel, and were on track for their biggest weekly decline in nine months.“The price action we see now is really a function of the macro picture,â€Â\x9d said Howie Lee, an economist at Singapore bank OCBC. “The Delta variant is now really starting to hit home and you see risk aversion in many markets, not just oil.â€Â\x9dCrude futures also came under pressure as the dollar strengthened after monthly US job growth came in higher than expected.Japan is poised to expand emergency restrictions to more regions of the country, while China, the world’s second-largest oil consumer, has imposed curbs in some cities and canceled flights.“At least 46 cities have advised against traveling and authorities have suspended flights and stopped public transport. This could impact oil demand as it comes towards the end of the summer travel season,â€Â\x9d ANZ said in a report.Energy services firm Baker Hughes is expected to report weekly rig count data at 1:00 p.m. EDT (1700 GMT).The market has remained under pressure since US crude inventories data showed an unexpected increase in stocks.“The crude build earlier this week set the tone for the rest of trading, and its looking bearish into the weekend,â€Â\x9d said Bob Yawger, director of energy futures at Mizuho.', 'NEW YORK: Oil prices tumbled on Friday, closing out a week of losses on worries that travel restrictions to curb the spread of the Delta variant of COVID-19 will derail global economic gains.Daily new COVID-19 cases in the United States have climbed to a six-month high and Japan and China are re-imposing restrictions to halt the spread of the virus.Brent crude oil futures fell 69 cents to $70.60 a barrel at 11:38 a.m. EDT (1538 GMT), en route to a 6% drop for the week, which would be the largest losses in four months.US West Texas Intermediate (WTI) crude futures fell $1.02, or 1.5%, to $68.07 a barrel, and were on track for their biggest weekly decline in nine months.“The price action we see now is really a function of the macro picture,â€Â\x9d said Howie Lee, an economist at Singapore bank OCBC. “The Delta variant is now really starting to hit home and you see risk aversion in many markets, not just oil.â€Â\x9dCrude futures also came under pressure as the dollar strengthened after monthly US job growth came in higher than expected.Japan is poised to expand emergency restrictions to more regions of the country, while China, the world’s second-largest oil consumer, has imposed curbs in some cities and cancelled flights.“At least 46 cities have advised against travelling and authorities have suspended flights and stopped public transport. This could impact oil demand as it comes towards the end of the summer travel season,â€Â\x9d ANZ said in a report.Energy services firm Baker Hughes is expected to report weekly rig count data at 1:00 p.m. EDT (1700 GMT). The market has remained under pressure since US crude inventories data showed an unexpected increase in stocks.“The crude build earlier this week set the tone for the rest of trading, and its looking bearish into the weekend,â€Â\x9d said Bob Yawger, director of energy futures at Mizuho.', 'KARACHI:The Pakistan Stock Exchange (PSX) extended the decline on Monday with a loss of over 350 points as it was held hostage to the gnawing fear of the fourth wave of Covid-19 and uncertainty in the global oil market.International oil prices fell 4%, extending last week’s steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow the global recovery in fuel demand.The benchmark KSE-100 index moved in a wide range with intra-day high and low of 47,623.44 and 47,053.96 points.On the results front, Lucky Cement announced its financial result, posting full-year earnings per share of Rs70.69, but skipped dividend payment for the April-June quarter, which weakened investor sentiment.In addition, expectations about the upcoming economic data kept playing on investors’ mind and they treaded cautiously while making investment decisions.At close, the benchmark KSE-100 index recorded a decrease of 366.33 points, or 0.77%, to settle at 47,123.62.Arif Habib Limited, in its report, stated that the market took a negative turn, primarily due to sell-off in the technology sector.“Institutional investors were on the selling side, partly due to redemptions and also due to concerns over the rising current account deficit and inflation on the back of possible tariff hike,â€ÂÂ\x9d it said.Technology, construction and steel sectors were the major losers, whereas other sectors also bore the brunt of selling because of weak sentiment. Some prominent stocks which held their ground included UBL, MCB and Pakistan Oilfields.Sectors contributing to the performance included cement (-87 points), technology (-69 points), power (-30 points), fertiliser (-29 points) and oil and gas marketing companies (-25 points).Individually, stocks that contributed positively to the index included MCB (+13 points), Habib Metropolitan Bank (+9 points), Highnoon Laboratories (+4 points), FrieslandCampina Engro Pakistan (+4 points) and Abbott Laboratories (+3 points).Stocks that contributed negatively were TRG Pakistan (-55 points), Lucky Cement (-42 points), Hubco (-27 points), Engro (-24 points) and Ghani Glass (-17 points).JS Global analyst Neelum Naz said as anticipated the KSE-100 index lost further ground due to the ongoing pandemic situation in the country, eventually closing 366 points below Friday’s close at 47,124.Major volume contributors were WorldCall Telecom (-3.7%), Fauji Foods (-7.4%), Ghani Global Holdings (-7.4%), Byco Petroleum (+0.3%), Telecard Limited (-5.4%) and Unity Foods (-1.4%).“Going forward, the benchmark index can further slide down in the coming days. We recommend investors to adopt a buy-on-dip strategy in steel, technology, refinery and cement sectors,â€ÂÂ\x9d the analyst said.Overall trading volumes fell to 337.3 million shares compared with Friday’s tally of 499.7 million. The value of shares traded during the day was Rs11.3 billion.Shares of 469 companies were traded. At the end of the day, 73 stocks closed higher, 372 declined and 24 remained unchanged.WorldCall Telecom was the volume leader with 42.2 million shares, losing Rs0.13 to close at Rs3.36. It was followed by Fauji Foods with 17.4 million shares, losing Rs1.62 to close at Rs20.13 and Ghani Global Holdings with 17.3 million shares, losing Rs3.15 to close at Rs39.50.Foreign institutional investors were net buyers of Rs212.7 million worth of shares during the trading session, according to data compiled by the National Clearing Company of Pakistan.', 'LONDON: Oil prices fell by 4% on Monday, extending last week\'s steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.A United Nations panel\'s dire warning on climate change also added to the gloomy mood after fires in Greece have razed homes and forests and parts of Europe suffered deadly floods last month.Brent crude futures fell by $2.66, or 3.9%, to $68.04 a barrel by 1212 GMT after a 6% slump last week for their biggest weekly loss in four months.US West Texas Intermediate (WTI) crude futures fell $2.67, or 4.07%, to $65.61 after plunging by nearly 7% last week. On Monday the contract fell as low as $65.15, its lowest since May. Oil prices dive, head for big weekly loss ""Concerns about potential global oil demand erosion have resurfaced with the acceleration of the Delta variant infection rate,"" RBC analyst Gordon Ramsay said in a note.ANZ analysts pointed to new restrictions in China, the world\'s second-largest oil consumer, as a major factor clouding the outlook for demand growth.The restrictions include flight cancellations, warnings by 46 cities against travel and limits on public transport and taxi services in 144 of the worst hit areas.On Monday China reported 125 new COVID-19 cases, up from 96 a day earlier. In Malaysia and Thailand, infections hit daily records.China\'s export growth slowed more than expected in July after outbreaks of COVID-19 cases and floods while import growth was also weaker than expected.""Both (benchmark crude) contracts look vulnerable to more bad news on the virus front, focusing on mainland China,"" OANDA senior market analyst Jeffrey Halley said in a note. Oil rises on Mideast tensions but virus concerns weigh China\'s crude oil imports fell in July and were down sharply from the record levels of June 2020.A rally in the US dollar to a four-month high against the euro also weighed on oil prices after Friday\'s stronger than expected US jobs report spurred bets that the Federal Reserve could move more quickly to tighten US monetary policy.A stronger US dollar makes oil more expensive for holders of other currencies.', 'LONDON:Oil prices fell by 4% on Monday, extending last week’s steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow the global recovery in fuel demand.A United Nations panel’s dire warning on climate change also added to the gloomy mood after fires in Greece have razed homes and forests and parts of Europe suffered deadly floods last month.Brent crude futures fell by $2.82, or 4.2%, to $67.88 a barrel by 0930 GMT after a 6% slump last week for their biggest weekly loss in four months.US West Texas Intermediate (WTI) crude futures fell $2.85, or 4.3%, to $65.43 after plunging by nearly 7% last week. On Monday, the contract fell as low as $65.15, its lowest since May.“Concerns about potential global oil demand erosion have resurfaced with the acceleration of the Delta variant infection rate,â€ÂÂ\x9d RBC analyst Gordon Ramsay said in a note.ANZ analysts pointed to new restrictions in China, the world’s second-largest oil consumer, as a major factor clouding the outlook for demand growth.The restrictions include flight cancellations, warnings by 46 cities against travel and limits on public transport and taxi services in 144 of the worst-hit areas.On Monday, China reported 125 new Covid-19 cases, up from 96 a day earlier. In Malaysia and Thailand, infections hit daily records.China’s export growth slowed more than expected in July after outbreaks of Covid-19 cases and floods while import growth was also weaker than expected.“Both (benchmark crude) contracts look vulnerable to more bad news on the virus front, focusing on mainland China,â€ÂÂ\x9d Oanda senior market analyst Jeffrey Halley said in a note.China’s crude oil imports fell in July and were down sharply from the record levels of June 2020.A rally in the US dollar to a four-month high against the euro also weighed on oil prices after Friday’s stronger-than-expected US jobs report spurred bets that the Federal Reserve could move more quickly to tighten US monetary policy.A stronger US dollar makes oil more expensive for holders of other currencies. REUTERS', 'NEW YORK: Oil prices fell about 3% on Monday, extending last week\'s steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.A United Nations panel\'s dire warning on climate change added to the gloomy mood after fires in Greece have razed homes and forests and parts of Europe suffered deadly floods last month.Brent futures fell $1.84, or 2.6%, to $68.86 a barrel by 11:22 a.m. EDT (1522 GMT), while US West Texas Intermediate (WTI) crude fell $1.88, or 2.8%, to $66.40.That put both benchmarks down about 10% over the past 10 sessions.WTI traded at its lowest intraday since May and was on track for its lowest close since May 28. Brent, meanwhile, was on track for its lowest close since July 19. Oil slides 4% on China virus curbs and strong dollar ""Oil prices are under considerable pressure ... with COVID concerns once again being front and centre,"" said Craig Erlam, senior analyst at OANDA, noting ""Rising Chinese Delta cases and restrictions has cast doubt over the economy in the short-term.Wall Street banks Goldman Sachs, JPMorgan and Morgan Stanley all cut their China growth forecasts on Monday, after export growth slowed unexpectedly and on concerns that the resurgent coronavirus could crimp economic activity.China reported 125 new COVID-19 cases on Monday, up from 96 a day earlier. In Malaysia and Thailand, infections hit daily records.China\'s export growth slowed more than expected in July after outbreaks of COVID-19 cases and floods, while import growth was also weaker than expected.China\'s crude oil imports fell in July and were down sharply from the record levels of June 2020.A rally in the US dollar to a near three-week high against a basket of other currencies also weighed on oil prices after Friday\'s stronger than expected US jobs report spurred bets that the Federal Reserve could move more quickly to tighten US monetary policy.A stronger US dollar makes oil more expensive for holders of other currencies.Market focus was on a number of US Federal Reserve policymakers due to speak on Monday and US inflation data due on Wednesday, which will be watched for further clues of when the Fed might start tapering. Oil prices dive, head for big weekly loss Saudi Arabia, meanwhile, posted a deficit of 4.6 billion riyals ($1.23 billion) in the second quarter, a huge drop from 109.2 billion riyals reported in the same quarter a year ago.Saudi Aramco reported a near four-fold rise in second-quarter net profit on Sunday, and said it was scouting for other potential deals to offer to investors and unlock capital after the oil giant in June closed a $12.4 billion deal for its crude pipeline network.', ""KUALA LUMPUR: Malaysian palm oil futures dropped nearly 2% on Monday, dragged down by steep losses in crude oil and forecast of a plunge in Aug. 1-10 exports of the vegetable oil.The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange closed down 77 ringgit, or 1.8%, at 4,197 ringgit ($993.14) a tonne.Oil prices slumped 4% due to a rising US dollar and concerns that new COVID-19 restrictions in Asia, especially China, could slow a global recovery in fuel demand.Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.Market talk pegged export shipments during Aug. 1-10 to fall 21% from the previous month, according to traders. Palm oil may test resistance at 4,260 ringgit Cargo surveyors are expected to release export data on Wednesday, while the Malaysian Palm Oil Board is also scheduled to announce July supply and demand data this week.Malaysia's palm oil stockpile at the end of July likely expanded to its highest in 10 months, as a drop in exports offset a decline in production, a Reuters survey showed on Thursday.The market focus is also turning back to movement curbs, rising COVID-19 cases and related vegetable oils, said Anilkumar Bagani, research head of Mumbai-based vegetable oils broker Sunvin Group.Quarantine measures at Chinese ports are reportedly delaying shipments and increasing freight charges, which could cause some short covering at markets including India, Bangladesh, Europe and Pakistan, Bagani said.Dalian's most-active soyoil contract gained 1.2%, while its palm oil contract rose 1.3%. Soyoil prices on the Chicago Board of Trade were down 1%.Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.Bursa Malaysia will be closed on Tuesday for a public holiday."", 'MELBOURNE: Oil prices fell nearly 2% on Monday, extending last week\'s steep losses on the back of a rising US dollar and concerns that new pandemic curbs in Asia, especially China, may set back the global recovery in fuel demand.Brent crude futures slid by $1.27, or 1.8%, to $69.43 a barrel by 0434 GMT, after having slumped 6% last week, their biggest weekly loss in four months.US West Texas Intermediate (WTI) crude futures fell $1.29, or 1.9%, to $66.99 a barrel, after having slumped nearly 7% last week in their steepest weekly decline in nine months. Oil steady, but set for big weekly loss on demand worries ""Concerns about potential global oil demand erosion have resurfaced with the acceleration of the Delta variant infection rate,"" RBC analyst Gordon Ramsay said in a note.ANZ analysts pointed to new restrictions in China, the world\'s second largest oil consumer, as a major factor clouding the outlook for demand growth.The curbs include flight cancellations, warnings by 46 cities against travel, and limits on public transport and taxi services in 144 of the worst hit areas.On Monday, China reported 125 new COVID-19 cases, up from 96 a day earlier. In Malaysia and Thailand, infections continue to hit daily records of more than 20,000.""While the number of cases (in China) is low, it comes just as the summer travel season peaks,"" ANZ commodity analysts said in a note. ""This has overshadowed signs of strong demand elsewhere.""China\'s crude oil imports dipped slightly on a daily basis in July to 9.71 million barrels per day (bpd), a fourth month in a row of imports below 10 million bpd and sharply down on a record 12.94 million bpd in June 2020 when refiners were stocking up on cheap crude, data released on Saturday showed.China\'s export growth slowed more than expected in July following outbreaks of COVID-19 cases and floods, while import growth was also weaker than expected, pointing to a slowdown in the country\'s industrial sector in the second half.A rally in the US dollar to a four-month high against the euro also weighed on oil prices, after Friday\'s stronger-than-expected US jobs report spurred bets that the Federal Reserve may move more quickly to tighten US monetary policy.A stronger US dollar makes oil more expensive for holders of other currencies.Trading was quiet with holidays in Japan and Singapore.', ""KUALA LUMPUR: Malaysian palm oil futures ticked down on Monday, pressured by a drop in crude oil futures as investors awaited August export data and Malaysian Palm Oil Board data due this week.The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange slid 27 ringgit, or 0.63%, to 4,247 ringgit ($1,005.80) a tonne during early trade, extending last week's 2% loss. Palm oil to bounce more to 4,132 ringgit With no fresh market news to support the bullish trend, the focus was back on movement curbs, rising COVID-19 cases and related vegetable oils, said Anilkumar Bagani, research head of Mumbai-based vegetable oils broker Sunvin Group.Quarantine measures at Chinese ports are reportedly delaying shipments and increasing freight charges, which could cause some short covering at destination markets including India, Bangladesh, Europe and Pakistan, Bagani said.Oil prices dropped nearly 2% on the back of a rising US dollar and concerns that new pandemic curbs in Asia may set back the global recovery in fuel demand.Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.The Malaysian Palm Oil Board (MPOB) is scheduled to announce July supply and demand data on Wednesday, while cargo surveyors are expected to release data on Aug. 1-10 export shipments.Malaysia's palm oil stockpile at the end of July likely expanded to its highest in 10 months, as a drop in exports offset a decline in production, a Reuters survey showed on Thursday.Dalian's most-active soyoil contract gained 0.5%, while its palm oil contract rose 0.6%. Soyoil prices on the Chicago Board of Trade were up 0.4%. Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.Bursa Malaysia will be closed on Tuesday for a public holiday.""]","['NEW YORK oil prices tumbled on friday, closing out a week of losses on worries that travel restrictions to curb the spread of the delta variant of COVID-19 will derail global economic gains.daily new COVID-19 cases in the united states have climbed to a six-month high and japan and china are re-imposing restrictions to halt the spread of the virus. brent crude oil futures fell 69 cents to $70.60 a barrel at 11 38 a.m. EDT (1538 GMT), en route to a 6% drop for the week, which would be the largest losses in four months.US west texas intermediate (WTI) crude futures fell $1.02, or 1.5%, to $68.07 a barrel, and were on track for their biggest weekly decline in nine months.the price action we see now is really a function of the macro picture, said howie lee, an economist at singapore bank OCBC. the delta variant is now really starting to hit home and you see risk aversion in many markets, not just oil.crude futures also came under pressure as the dollar strengthened after monthly US job growth came in higher than expected.japan is poised to expand emergency restrictions to more regions of the country, while china, the worlds second-largest oil consumer, has imposed curbs in some cities and canceled flights.at least 46 cities have advised against traveling and authorities have suspended flights and stopped public transport. this could impact oil demand as it comes towards the end of the summer travel season, ANZ said in a report.energy services firm baker hughes is expected to report weekly rig count data at 1 00 p.m. EDT (1700 GMT).The market has remained under pressure since US crude inventories data showed an unexpected increase in stocks.the crude build earlier this week set the tone for the rest of trading, and its looking bearish into the weekend, said bob yawger, director of energy futures at mizuho.', 'NEW YORK oil prices tumbled on friday, closing out a week of losses on worries that travel restrictions to curb the spread of the delta variant of COVID-19 will derail global economic gains.daily new COVID-19 cases in the united states have climbed to a six-month high and japan and china are re-imposing restrictions to halt the spread of the virus.brent crude oil futures fell 69 cents to $70.60 a barrel at 11 38 a.m. EDT (1538 GMT), en route to a 6% drop for the week, which would be the largest losses in four months.US west texas intermediate (WTI) crude futures fell $1.02, or 1.5%, to $68.07 a barrel, and were on track for their biggest weekly decline in nine months.the price action we see now is really a function of the macro picture, said howie lee, an economist at singapore bank OCBC. the delta variant is now really starting to hit home and you see risk aversion in many markets, not just oil.crude futures also came under pressure as the dollar strengthened after monthly US job growth came in higher than expected.japan is poised to expand emergency restrictions to more regions of the country, while china, the worlds second-largest oil consumer, has imposed curbs in some cities and cancelled flights.at least 46 cities have advised against travelling and authorities have suspended flights and stopped public transport. this could impact oil demand as it comes towards the end of the summer travel season, ANZ said in a report.energy services firm baker hughes is expected to report weekly rig count data at 1 00 p.m. EDT (1700 GMT). the market has remained under pressure since US crude inventories data showed an unexpected increase in stocks.the crude build earlier this week set the tone for the rest of trading, and its looking bearish into the weekend, said bob yawger, director of energy futures at mizuho.', 'KARACHI the pakistan stock exchange (PSX) extended the decline on monday with a loss of over 350 points as it was held hostage to the gnawing fear of the fourth wave of Covid-19 and uncertainty in the global oil market.international oil prices fell 4%, extending last weeks steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in asia, especially china, could slow the global recovery in fuel demand.the benchmark KSE-100 index moved in a wide range with intra-day high and low of 47,623.44 and 47,053.96 points.on the results front, lucky cement announced its financial result, posting full-year earnings per share of rs 70.69, but skipped dividend payment for the April-June quarter, which weakened investor sentiment.in addition, expectations about the upcoming economic data kept playing on investors mind and they treaded cautiously while making investment decisions.at close, the benchmark KSE-100 index recorded a decrease of 366.33 points, or 0.77%, to settle at 47,123.62.arif habib limited, in its report, stated that the market took a negative turn, primarily due to sell-off in the technology sector.institutional investors were on the selling side, partly due to redemptions and also due to concerns over the rising current account deficit and inflation on the back of possible tariff hike, it said.technology, construction and steel sectors were the major losers, whereas other sectors also bore the brunt of selling because of weak sentiment. some prominent stocks which held their ground included UBL, MCB and pakistan Oilfields.Sectors contributing to the performance included cement (-87 points), technology (-69 points), power (-30 points), fertiliser (-29 points) and oil and gas marketing companies (-25 points).individually, stocks that contributed positively to the index included MCB (+13 points), habib metropolitan bank (+9 points), highnoon laboratories (+4 points), FrieslandCampina engro pakistan (+4 points) and abbott laboratories (+3 points).stocks that contributed negatively were TRG pakistan (-55 points), lucky cement (-42 points), hubco (-27 points), engro (-24 points) and ghani glass (-17 points).JS global analyst neelum naz said as anticipated the KSE-100 index lost further ground due to the ongoing pandemic situation in the country, eventually closing 366 points below fridays close at 47,124.major volume contributors were WorldCall telecom (-3.7%), fauji foods (-7.4%), ghani global holdings (-7.4%), byco petroleum (+0.3%), telecard limited (-5.4%) and unity foods (-1.4%).Going forward, the benchmark index can further slide down in the coming days. we recommend investors to adopt a buy-on-dip strategy in steel, technology, refinery and cement sectors, the analyst said.overall trading volumes fell to 337.3 million shares compared with fridays tally of 499.7 million. the value of shares traded during the day was rs 11.3 billion.shares of 469 companies were traded. at the end of the day, 73 stocks closed higher, 372 declined and 24 remained unchanged.WorldCall telecom was the volume leader with 42.2 million shares, losing rs 0.13 to close at rs 3.36. it was followed by fauji foods with 17.4 million shares, losing rs 1.62 to close at rs 20.13 and ghani global holdings with 17.3 million shares, losing rs 3.15 to close at rs 39.50.foreign institutional investors were net buyers of rs 212.7 million worth of shares during the trading session, according to data compiled by the national clearing company of pakistan.', 'LONDON oil prices fell by 4% on monday, extending last week steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in asia, especially china, could slow a global recovery in fuel demand.a united nations panel dire warning on climate change also added to the gloomy mood after fires in greece have razed homes and forests and parts of europe suffered deadly floods last month.brent crude futures fell by $2.66, or 3.9%, to $68.04 a barrel by 1212 GMT after a 6% slump last week for their biggest weekly loss in four months.US west texas intermediate (WTI) crude futures fell $2.67, or 4.07%, to $65.61 after plunging by nearly 7% last week. on monday the contract fell as low as $65.15, its lowest since may. oil prices dive, head for big weekly loss ""concerns about potential global oil demand erosion have resurfaced with the acceleration of the delta variant infection rate,"" RBC analyst gordon ramsay said in a note.ANZ analysts pointed to new restrictions in china, the world second-largest oil consumer, as a major factor clouding the outlook for demand growth.the restrictions include flight cancellations, warnings by 46 cities against travel and limits on public transport and taxi services in 144 of the worst hit areas.on monday china reported 125 new COVID-19 cases, up from 96 a day earlier. in malaysia and thailand, infections hit daily records.china export growth slowed more than expected in july after outbreaks of COVID-19 cases and floods while import growth was also weaker than expected.""both (benchmark crude) contracts look vulnerable to more bad news on the virus front, focusing on mainland china,"" OANDA senior market analyst jeffrey halley said in a note. oil rises on mideast tensions but virus concerns weigh china crude oil imports fell in july and were down sharply from the record levels of june 2020.A rally in the US dollar to a four-month high against the euro also weighed on oil prices after friday stronger than expected US jobs report spurred bets that the federal reserve could move more quickly to tighten US monetary policy.a stronger US dollar makes oil more expensive for holders of other currencies.', 'LONDON oil prices fell by 4% on monday, extending last weeks steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in asia, especially china, could slow the global recovery in fuel demand.a united nations panels dire warning on climate change also added to the gloomy mood after fires in greece have razed homes and forests and parts of europe suffered deadly floods last month.brent crude futures fell by $2.82, or 4.2%, to $67.88 a barrel by 0930 GMT after a 6% slump last week for their biggest weekly loss in four months.US west texas intermediate (WTI) crude futures fell $2.85, or 4.3%, to $65.43 after plunging by nearly 7% last week. on monday, the contract fell as low as $65.15, its lowest since May.Concerns about potential global oil demand erosion have resurfaced with the acceleration of the delta variant infection rate, RBC analyst gordon ramsay said in a note.ANZ analysts pointed to new restrictions in china, the worlds second-largest oil consumer, as a major factor clouding the outlook for demand growth.the restrictions include flight cancellations, warnings by 46 cities against travel and limits on public transport and taxi services in 144 of the worst-hit areas.on monday, china reported 125 new Covid-19 cases, up from 96 a day earlier. in malaysia and thailand, infections hit daily records.chinas export growth slowed more than expected in july after outbreaks of Covid-19 cases and floods while import growth was also weaker than expected.both (benchmark crude) contracts look vulnerable to more bad news on the virus front, focusing on mainland china, oanda senior market analyst jeffrey halley said in a note.chinas crude oil imports fell in july and were down sharply from the record levels of june 2020.A rally in the US dollar to a four-month high against the euro also weighed on oil prices after fridays stronger-than-expected US jobs report spurred bets that the federal reserve could move more quickly to tighten US monetary policy.a stronger US dollar makes oil more expensive for holders of other currencies. REUTERS', 'NEW YORK oil prices fell about 3% on monday, extending last week steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in asia, especially china, could slow a global recovery in fuel demand.a united nations panel dire warning on climate change added to the gloomy mood after fires in greece have razed homes and forests and parts of europe suffered deadly floods last month.brent futures fell $1.84, or 2.6%, to $68.86 a barrel by 11 22 a.m. EDT (1522 GMT), while US west texas intermediate (WTI) crude fell $1.88, or 2.8%, to $66.40.that put both benchmarks down about 10% over the past 10 sessions.WTI traded at its lowest intraday since may and was on track for its lowest close since may 28. brent, meanwhile, was on track for its lowest close since july 19. oil slides 4% on china virus curbs and strong dollar ""oil prices are under considerable pressure . with COVID concerns once again being front and centre,"" said craig erlam, senior analyst at OANDA, noting ""rising chinese delta cases and restrictions has cast doubt over the economy in the short-term.Wall street banks goldman sachs, JPMorgan and morgan stanley all cut their china growth forecasts on monday, after export growth slowed unexpectedly and on concerns that the resurgent coronavirus could crimp economic activity.china reported 125 new COVID-19 cases on monday, up from 96 a day earlier. in malaysia and thailand, infections hit daily records.china export growth slowed more than expected in july after outbreaks of COVID-19 cases and floods, while import growth was also weaker than expected.china crude oil imports fell in july and were down sharply from the record levels of june 2020.A rally in the US dollar to a near three-week high against a basket of other currencies also weighed on oil prices after friday stronger than expected US jobs report spurred bets that the federal reserve could move more quickly to tighten US monetary policy.a stronger US dollar makes oil more expensive for holders of other currencies.market focus was on a number of US federal reserve policymakers due to speak on monday and US inflation data due on wednesday, which will be watched for further clues of when the fed might start tapering. oil prices dive, head for big weekly loss saudi arabia, meanwhile, posted a deficit of 4.6 billion riyals ($1.23 billion) in the second quarter, a huge drop from 109.2 billion riyals reported in the same quarter a year ago.saudi aramco reported a near four-fold rise in second-quarter net profit on sunday, and said it was scouting for other potential deals to offer to investors and unlock capital after the oil giant in june closed a $12.4 billion deal for its crude pipeline network.', 'KUALA LUMPUR malaysian palm oil futures dropped nearly 2% on monday, dragged down by steep losses in crude oil and forecast of a plunge in aug. 1-10 exports of the vegetable oil.the benchmark palm oil contract for october delivery on the bursa malaysia derivatives exchange closed down 77 ringgit, or 1.8%, at 4,197 ringgit ($993.14) a tonne.oil prices slumped 4% due to a rising US dollar and concerns that new COVID-19 restrictions in asia, especially china, could slow a global recovery in fuel demand.weaker crude oil futures make palm a less attractive option for biodiesel feedstock.market talk pegged export shipments during aug. 1-10 to fall 21% from the previous month, according to traders. palm oil may test resistance at 4,260 ringgit cargo surveyors are expected to release export data on wednesday, while the malaysian palm oil board is also scheduled to announce july supply and demand data this week.malaysia palm oil stockpile at the end of july likely expanded to its highest in 10 months, as a drop in exports offset a decline in production, a reuters survey showed on Thursday.The market focus is also turning back to movement curbs, rising COVID-19 cases and related vegetable oils, said anilkumar bagani, research head of Mumbai-based vegetable oils broker sunvin Group.Quarantine measures at chinese ports are reportedly delaying shipments and increasing freight charges, which could cause some short covering at markets including india, bangladesh, europe and pakistan, bagani said.dalian most-active soyoil contract gained 1.2%, while its palm oil contract rose 1.3%. soyoil prices on the chicago board of trade were down 1%.palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.bursa malaysia will be closed on tuesday for a public holiday.', 'MELBOURNE oil prices fell nearly 2% on monday, extending last week steep losses on the back of a rising US dollar and concerns that new pandemic curbs in asia, especially china, may set back the global recovery in fuel demand.brent crude futures slid by $1.27, or 1.8%, to $69.43 a barrel by 0434 GMT, after having slumped 6% last week, their biggest weekly loss in four months.US west texas intermediate (WTI) crude futures fell $1.29, or 1.9%, to $66.99 a barrel, after having slumped nearly 7% last week in their steepest weekly decline in nine months. oil steady, but set for big weekly loss on demand worries ""concerns about potential global oil demand erosion have resurfaced with the acceleration of the delta variant infection rate,"" RBC analyst gordon ramsay said in a note.ANZ analysts pointed to new restrictions in china, the world second largest oil consumer, as a major factor clouding the outlook for demand growth.the curbs include flight cancellations, warnings by 46 cities against travel, and limits on public transport and taxi services in 144 of the worst hit areas.on monday, china reported 125 new COVID-19 cases, up from 96 a day earlier. in malaysia and thailand, infections continue to hit daily records of more than 20,000.""while the number of cases (in china) is low, it comes just as the summer travel season peaks,"" ANZ commodity analysts said in a note. ""this has overshadowed signs of strong demand elsewhere.""china crude oil imports dipped slightly on a daily basis in july to 9.71 million barrels per day (bpd), a fourth month in a row of imports below 10 million bpd and sharply down on a record 12.94 million bpd in june 2020 when refiners were stocking up on cheap crude, data released on saturday showed.china export growth slowed more than expected in july following outbreaks of COVID-19 cases and floods, while import growth was also weaker than expected, pointing to a slowdown in the country industrial sector in the second half.a rally in the US dollar to a four-month high against the euro also weighed on oil prices, after friday stronger-than-expected US jobs report spurred bets that the federal reserve may move more quickly to tighten US monetary policy.a stronger US dollar makes oil more expensive for holders of other currencies.trading was quiet with holidays in japan and singapore.', 'KUALA LUMPUR malaysian palm oil futures ticked down on monday, pressured by a drop in crude oil futures as investors awaited august export data and malaysian palm oil board data due this week.the benchmark palm oil contract for october delivery on the bursa malaysia derivatives exchange slid 27 ringgit, or 0.63%, to 4,247 ringgit ($1,005.80) a tonne during early trade, extending last week 2% loss. palm oil to bounce more to 4,132 ringgit with no fresh market news to support the bullish trend, the focus was back on movement curbs, rising COVID-19 cases and related vegetable oils, said anilkumar bagani, research head of Mumbai-based vegetable oils broker sunvin Group.Quarantine measures at chinese ports are reportedly delaying shipments and increasing freight charges, which could cause some short covering at destination markets including india, bangladesh, europe and pakistan, bagani said.oil prices dropped nearly 2% on the back of a rising US dollar and concerns that new pandemic curbs in asia may set back the global recovery in fuel demand.weaker crude oil futures make palm a less attractive option for biodiesel feedstock.the malaysian palm oil board (MPOB) is scheduled to announce july supply and demand data on wednesday, while cargo surveyors are expected to release data on aug. 1-10 export shipments.malaysia palm oil stockpile at the end of july likely expanded to its highest in 10 months, as a drop in exports offset a decline in production, a reuters survey showed on Thursday.Dalian most-active soyoil contract gained 0.5%, while its palm oil contract rose 0.6%. soyoil prices on the chicago board of trade were up 0.4%. palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.bursa malaysia will be closed on tuesday for a public holiday.']","['https://www.brecorder.com/news/40111784/oil-prices-dive-head-for-big-weekly-loss-on-demand-worries', 'https://www.brecorder.com/news/40111903/oil-prices-dive-head-for-big-weekly-loss', 'https://tribune.com.pk/story/2314710/market-watch-stocks-dive-on-covid-fears-oil-price-rout', 'https://www.brecorder.com/news/40112182/oil-slides-4-on-china-virus-curbs-and-strong-dollar', 'https://tribune.com.pk/story/2314705/oil-slides-4-on-china-virus-curbs-and-climate-warning', 'https://www.brecorder.com/news/40112204/oil-slides-near-3-on-china-virus-curbs-and-strong-dollar', 'https://www.brecorder.com/news/40112170/palm-loses-nearly-2-on-crude-oil-slump-bleak-aug-1-10-export-outlook', 'https://www.brecorder.com/news/40112121/oil-slides-on-china-covid-19-curbs-strengthening-us-dollar', 'https://www.brecorder.com/news/40112135/palm-oil-ease-ahead-of-official-data-weaker-crude-oil-weighs']","['brent, , ', 'oil, pakistan, ', 'inflation, pakistan, ']","['oil prices tumbled', 'oil prices tumbled', 'oil prices fell', 'oil prices fell', 'oil prices fell', 'oil prices fell', 'oil prices slump', 'oil prices fell', 'oil prices dropped']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg']",92.28,"[-1.63, -1.63, -5.33, -5.33, -5.33, -5.33, 1.46, -5.33, -1.61]",-3.34,-2,-3,3,3,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The technical indicators suggest a sell signal, and although the overall news impact is negative, it is not significantly low. Therefore, we recommend selling the position to mitigate potential losses.""
}"
8/10/2021,"['Palm loses nearly 2pc', 'Oil slides more than 2pc on China’s virus curbs, strong dollar', 'Brent oil may end weak bounce around $69.95']","['palm loses nearly 2pc', 'oil slides more than 2pc on chinas virus curbs, strong dollar', 'brent oil may end weak bounce around $69.95']","['Business Recorder', 'Business Recorder', 'Business Recorder']","['KUALA LUMPUR: Malaysian palm oil futures dropped nearly 2% on Monday, dragged down by steep losses in crude oil and forecast of a plunge in Aug. 1-10 exports of the vegetable oil.The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange closed down 77 ringgit, or 1.8%, at 4,197 ringgit ($993.14) a tonne.Oil prices slumped 4% due to a rising US dollar and concerns that new COVID-19 restrictions in Asia, especially China, could slow a global recovery in fuel demand.Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.Market talk pegged export shipments during Aug. 1-10 to fall 21% from the previous month, according to traders.Cargo surveyors are expected to release export data on Wednesday, while the Malaysian Palm Oil Board is also scheduled to announce July supply and demand data this week.Malaysia’s palm oil stockpile at the end of July likely expanded to its highest in 10 months, as a drop in exports offset a decline in production, a Reuters survey showed on Thursday.The market focus is also turning back to movement curbs, rising COVID-19 cases and related vegetable oils, said Anilkumar Bagani, research head of Mumbai-based vegetable oils broker Sunvin Group.Quarantine measures at Chinese ports are reportedly delaying shipments and increasing freight charges, which could cause some short covering at markets including India, Bangladesh, Europe and Pakistan, Bagani said.Dalian’s most-active soyoil contract gained 1.2%, while its palm oil contract rose 1.3%. Soyoil prices on the Chicago Board of Trade were down 1%.Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.Bursa Malaysia will be closed on Tuesday for a public holiday.', 'NEW YORK: Oil prices fell more than 2% on Monday, extending last week’s steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.A United Nations panel’s dire warning on climate change added to the gloomy mood after fires in Greece razed homes and forests and parts of Europe suffered deadly floods last month.Brent futures were down $1.65, or 2.3%, to $69.05 a barrel by 1:21 p.m. EDT (1721 GMT), while US West Texas Intermediate (WTI) crude fell $1.73, or 2.5%, to $66.55.That put both benchmarks down more than 9% over the past six sessions and on track for their lowest closes since July 19.In intraday trade, WTI fell to its lowest level since May.“Oil prices are under considerable pressure ... with COVID concerns once again being front and centre,â€Â\x9d said Craig Erlam, senior analyst at OANDA. “Rising Chinese Delta cases and restrictions has cast doubt over the economy in the short-term.â€Â\x9dWall Street banks Goldman Sachs, JPMorgan and Morgan Stanley all cut their China growth forecasts on Monday, after export growth slowed unexpectedly and on concerns that the resurgent coronavirus could crimp economic activity.China reported 125 new COVID-19 cases on Monday, up from 96 a day earlier. In Malaysia and Thailand, infections hit daily records.China’s export growth slowed more than expected in July after outbreaks of COVID-19 cases and floods, while import growth was also weaker than expected.China’s crude oil imports fell in July and were down sharply from the record levels of June 2020.A rally in the US dollar, which hit nearly a three-week high against a basket of other currencies, also weighed on oil prices after Friday’s stronger-than-expected US jobs report spurred bets that the Federal Reserve could move more quickly to tighten monetary policy.A stronger US dollar makes oil more expensive for holders of other currencies.Investors were focused on a number of Fed policymakers speaking on Monday and US inflation data due on Wednesday which will be watched for further clues of when the Fed might start tapering. Saudi Arabia, meanwhile, posted a deficit of 4.6 billion riyals ($1.23 billion) in the second quarter, a huge drop from the 109.2 billion riyals reported in the same quarter a year ago.Saudi Aramco reported nearly a four-fold rise in second-quarter net profit on Sunday, and said it was scouting for other potential deals to offer to investors and unlock capital after the oil giant in June closed a $12.4 billion deal for its crude pipeline network.', 'SINGAPORE: Brent oil may end its current weak bounce around a resistance at $69.95 per barrel and retest a support at $67.39 thereafter, as suggested by its wave pattern and a projection analysis.The contract is riding on a wave (c) from the July 30 high of $76.38. This wave is expected to travel to $65.98, its 100% projection level. Oil prices slide as virus cases rise, demand worries persist Oil has travelled far above a resistance at $68.43, it may edge up to $69.95, as suggested by a short falling channel. The following drop may develop in this channel.A break above $69.95 could lead to a gain to $71.18. On the daily chart, oil has pierced below a support at $68.43. Signals on the hourly chart suggests a break below this level.A break will not only open the way towards $64.15-$66.29 range, but also suggest a reversal of the uptrend from $35.74.Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.']","['KUALA LUMPUR malaysian palm oil futures dropped nearly 2% on monday, dragged down by steep losses in crude oil and forecast of a plunge in aug. 1-10 exports of the vegetable oil.the benchmark palm oil contract for october delivery on the bursa malaysia derivatives exchange closed down 77 ringgit, or 1.8%, at 4,197 ringgit ($993.14) a tonne.oil prices slumped 4% due to a rising US dollar and concerns that new COVID-19 restrictions in asia, especially china, could slow a global recovery in fuel demand.weaker crude oil futures make palm a less attractive option for biodiesel feedstock.market talk pegged export shipments during aug. 1-10 to fall 21% from the previous month, according to traders.cargo surveyors are expected to release export data on wednesday, while the malaysian palm oil board is also scheduled to announce july supply and demand data this week.malaysias palm oil stockpile at the end of july likely expanded to its highest in 10 months, as a drop in exports offset a decline in production, a reuters survey showed on Thursday.The market focus is also turning back to movement curbs, rising COVID-19 cases and related vegetable oils, said anilkumar bagani, research head of Mumbai-based vegetable oils broker sunvin Group.Quarantine measures at chinese ports are reportedly delaying shipments and increasing freight charges, which could cause some short covering at markets including india, bangladesh, europe and pakistan, bagani said.dalians most-active soyoil contract gained 1.2%, while its palm oil contract rose 1.3%. soyoil prices on the chicago board of trade were down 1%.palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.bursa malaysia will be closed on tuesday for a public holiday.', 'NEW YORK oil prices fell more than 2% on monday, extending last weeks steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in asia, especially china, could slow a global recovery in fuel demand.a united nations panels dire warning on climate change added to the gloomy mood after fires in greece razed homes and forests and parts of europe suffered deadly floods last month.brent futures were down $1.65, or 2.3%, to $69.05 a barrel by 1 21 p.m. EDT (1721 GMT), while US west texas intermediate (WTI) crude fell $1.73, or 2.5%, to $66.55.that put both benchmarks down more than 9% over the past six sessions and on track for their lowest closes since july 19.in intraday trade, WTI fell to its lowest level since May.Oil prices are under considerable pressure . with COVID concerns once again being front and centre, said craig erlam, senior analyst at OANDA. rising chinese delta cases and restrictions has cast doubt over the economy in the short-term.Wall street banks goldman sachs, JPMorgan and morgan stanley all cut their china growth forecasts on monday, after export growth slowed unexpectedly and on concerns that the resurgent coronavirus could crimp economic activity.china reported 125 new COVID-19 cases on monday, up from 96 a day earlier. in malaysia and thailand, infections hit daily records.chinas export growth slowed more than expected in july after outbreaks of COVID-19 cases and floods, while import growth was also weaker than expected.chinas crude oil imports fell in july and were down sharply from the record levels of june 2020.A rally in the US dollar, which hit nearly a three-week high against a basket of other currencies, also weighed on oil prices after fridays stronger-than-expected US jobs report spurred bets that the federal reserve could move more quickly to tighten monetary policy.a stronger US dollar makes oil more expensive for holders of other currencies.investors were focused on a number of fed policymakers speaking on monday and US inflation data due on wednesday which will be watched for further clues of when the fed might start tapering. saudi arabia, meanwhile, posted a deficit of 4.6 billion riyals ($1.23 billion) in the second quarter, a huge drop from the 109.2 billion riyals reported in the same quarter a year ago.saudi aramco reported nearly a four-fold rise in second-quarter net profit on sunday, and said it was scouting for other potential deals to offer to investors and unlock capital after the oil giant in june closed a $12.4 billion deal for its crude pipeline network.', 'SINGAPORE brent oil may end its current weak bounce around a resistance at $69.95 per barrel and retest a support at $67.39 thereafter, as suggested by its wave pattern and a projection analysis.the contract is riding on a wave (c) from the july 30 high of $76.38. this wave is expected to travel to $65.98, its 100% projection level. oil prices slide as virus cases rise, demand worries persist oil has travelled far above a resistance at $68.43, it may edge up to $69.95, as suggested by a short falling channel. the following drop may develop in this channel.a break above $69.95 could lead to a gain to $71.18. on the daily chart, oil has pierced below a support at $68.43. signals on the hourly chart suggests a break below this level.a break will not only open the way towards $64.15-$66.29 range, but also suggest a reversal of the uptrend from $35.74.each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.']","['https://www.brecorder.com/news/40112292/palm-loses-nearly-2pc', 'https://www.brecorder.com/news/40112294/oil-slides-more-than-2pc-on-chinas-virus-curbs-strong-dollar', 'https://www.brecorder.com/news/40112400/brent-oil-may-end-weak-bounce-around-6995']","['brent, , ', 'oil, pakistan, ']","['oil prices slump', 'oil prices fell', 'oil prices slide']","['neg', 'neg', 'neg']",92.17,"[1.46, -5.33, 0.36]",-1.17,-2,-3,3,3,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The market signal indicates a  sell, despite the slightly negative news impact. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market altogether to mitigate potential losses.""
}"
8/11/2021,"['Oil drops on China fuel demand concerns as Delta coronavirus surges', 'Oil drops on China fuel demand concerns as Delta coronavirus surges', 'Oil drops below $70 as US urges OPEC+ to pump more']","['oil drops on china fuel demand concerns as delta coronavirus surges', 'oil drops on china fuel demand concerns as delta coronavirus surges', 'oil drops below $70 as US urges OPEC+ to pump more']","['Business Recorder', 'Business Recorder', 'Business Recorder']","['MELBOURNE/SINGAPORE: Oil prices dipped on Wednesday as analysts cut their forecasts for fuel demand in China following mobility curbs from the spread of the highly infectious Delta variant of the coronavirus, offsetting a bullish outlook for US fuel demand.US West Texas Intermediate (WTI) crude futures fell 18 cents, or 0.3%, to $68.11 a barrel at 0500 GMT, after a 2.7% jump on Tuesday. Oil prices slide as virus cases rise, demand worries persist Brent crude futures dropped 16 cents to $70.47 a barrel, following a 2.3% gain on Tuesday.While both contracts have reclaimed their 100-day daily moving average, a technical chart indicator, they appeared to lack the momentum to stage meaningful revivals as Delta variant fears continued to weigh on markets, said Jeffrey Halley, OANDA\'s senior market analyst for Asia Pacific.""Short-term momentum has waned quickly in Asia,"" he added.Beijing has imposed travel curbs that will reduce fuel demand in the world\'s second-largest oil consumer, prompting Goldman Sachs to cut its demand forecast for China by 1 million barrels per day for the next two months.""Our base case remains that the Delta wave will impact demand - including in China - for only two months, consistent with prior cycles, including most recently in India,"" the bank said.Industry data showed US crude oil and gasoline inventories fell last week, while the US Energy Information Administration raised its forecast for fuel demand in 2021 and said consumption in May through July was higher than expected, supporting prices.US crude stocks fell by 816,00 barrels and gasoline stocks fell by 1.1 million barrels in the week ended Aug. 6, according to two market sources, citing data from the American Petroleum Institute. Both drawdowns were a bit smaller than analysts polled by Reuters had expected.Weekly figures from the EIA are due on Wednesday.The EIA\'s monthly report showed that the need for supply from the Organization of the Petroleum Exporting Countries (OPEC) will exceed OPEC supply by 1 million barrels per day in the third quarter and by 300,000 bpd in the fourth quarter of 2021, Commonwealth Bank commodity analyst Vivek Dhar said in a note.""With OECD commercial crude oil stockpiles having dropped back to pre-COVID levels already, a tightening oil market outlook will likely amplify oil price gains,"" he said.', 'MELBOURNE/SINGAPORE: Oil prices dipped on Wednesday as analysts cut their forecasts for fuel demand in China following mobility curbs from the spread of the highly infectious Delta variant of the coronavirus, offsetting a bullish outlook for US fuel demand.US West Texas Intermediate (WTI) crude futures fell 18 cents, or 0.3%, to $68.11 a barrel at 0500 GMT, after a 2.7% jump on Tuesday. Oil prices slide as virus cases rise, demand worries persist Brent crude futures dropped 16 cents to $70.47 a barrel, following a 2.3% gain on Tuesday.While both contracts have reclaimed their 100-day daily moving average, a technical chart indicator, they appeared to lack the momentum to stage meaningful revivals as Delta variant fears continued to weigh on markets, said Jeffrey Halley, OANDA\'s senior market analyst for Asia Pacific.""Short-term momentum has waned quickly in Asia,"" he added.Beijing has imposed travel curbs that will reduce fuel demand in the world\'s second-largest oil consumer, prompting Goldman Sachs to cut its demand forecast for China by 1 million barrels per day for the next two months.""Our base case remains that the Delta wave will impact demand - including in China - for only two months, consistent with prior cycles, including most recently in India,"" the bank said.Industry data showed US crude oil and gasoline inventories fell last week, while the US Energy Information Administration raised its forecast for fuel demand in 2021 and said consumption in May through July was higher than expected, supporting prices.US crude stocks fell by 816,00 barrels and gasoline stocks fell by 1.1 million barrels in the week ended Aug. 6, according to two market sources, citing data from the American Petroleum Institute. Both drawdowns were a bit smaller than analysts polled by Reuters had expected.Weekly figures from the EIA are due on Wednesday.The EIA\'s monthly report showed that the need for supply from the Organization of the Petroleum Exporting Countries (OPEC) will exceed OPEC supply by 1 million barrels per day in the third quarter and by 300,000 bpd in the fourth quarter of 2021, Commonwealth Bank commodity analyst Vivek Dhar said in a note.""With OECD commercial crude oil stockpiles having dropped back to pre-COVID levels already, a tightening oil market outlook will likely amplify oil price gains,"" he said.', 'LONDON: Oil fell below $70 a barrel on Wednesday as the United States urged OPEC and its oil-producing partners to boost output, saying current production was not enough and could threaten the global economic recovery.The price of Brent crude is up 35% this year supported by OPEC-led supply curbs, even after oil last week suffered the steepest weekly loss in months on worries that travel restrictions to curb coronavirus infections would hit demand.Brent crude was down 75 cents, or 1.1%, to $69.88 a barrel at 1126 GMT, following a 2.3% rally on Tuesday. US West Texas Intermediate (WTI) was down 81 cents, or 1.2%, to $67.48, after a 2.7% jump on Tuesday.The White House said in a statement on Wednesday that the Biden administration had urged OPEC and its partners to boost production. CNBC earlier reported the development. US calls on OPEC and its allies to increase oil production Earlier on Wednesday, crude was trading above $70 as signs of rising fuel demand in the United States offset concerns about travel curbs in Asia caused by the COVID-19 Delta variant.Industry data showed US crude and gasoline inventories fell last week, while the US Energy Information Administration (EIA) said US job growth and increasing mobility had boosted gasoline consumption so far this year.""The EIA\'s upbeat demand forecasts for this year helped alleviate fears of a deteriorating near-term outlook,"" said Stephen Brennock of oil broker PVM.The Delta variant has been detected in more than a dozen Chinese cities since the first cases there were found in July, prompting some new travel restrictions, while US cases and hospitalisations have soared to six-month highs. Oil prices rises, on track for weekly gain In focus later will be the EIA\'s official US inventory figures at 1430 GMT.On Tuesday, industry group the American Petroleum Institute said US crude stocks fell by 816,000 barrels and gasoline stocks dropped by 1.1 million barrels last week.']","['MELBOURNE/SINGAPORE oil prices dipped on wednesday as analysts cut their forecasts for fuel demand in china following mobility curbs from the spread of the highly infectious delta variant of the coronavirus, offsetting a bullish outlook for US fuel demand.US west texas intermediate (WTI) crude futures fell 18 cents, or 0.3%, to $68.11 a barrel at 0500 GMT, after a 2.7% jump on tuesday. oil prices slide as virus cases rise, demand worries persist brent crude futures dropped 16 cents to $70.47 a barrel, following a 2.3% gain on Tuesday.While both contracts have reclaimed their 100-day daily moving average, a technical chart indicator, they appeared to lack the momentum to stage meaningful revivals as delta variant fears continued to weigh on markets, said jeffrey halley, OANDA senior market analyst for asia Pacific.""Short-term momentum has waned quickly in asia,"" he added.beijing has imposed travel curbs that will reduce fuel demand in the world second-largest oil consumer, prompting goldman sachs to cut its demand forecast for china by 1 million barrels per day for the next two months.""our base case remains that the delta wave will impact demand - including in china - for only two months, consistent with prior cycles, including most recently in india,"" the bank said.industry data showed US crude oil and gasoline inventories fell last week, while the US energy information administration raised its forecast for fuel demand in 2021 and said consumption in may through july was higher than expected, supporting prices.US crude stocks fell by 816,00 barrels and gasoline stocks fell by 1.1 million barrels in the week ended aug. 6, according to two market sources, citing data from the american petroleum institute. both drawdowns were a bit smaller than analysts polled by reuters had expected.weekly figures from the EIA are due on Wednesday.The EIA monthly report showed that the need for supply from the organization of the petroleum exporting countries (OPEC) will exceed OPEC supply by 1 million barrels per day in the third quarter and by 300,000 bpd in the fourth quarter of 2021, commonwealth bank commodity analyst vivek dhar said in a note.""with OECD commercial crude oil stockpiles having dropped back to pre-COVID levels already, a tightening oil market outlook will likely amplify oil price gains,"" he said.', 'MELBOURNE/SINGAPORE oil prices dipped on wednesday as analysts cut their forecasts for fuel demand in china following mobility curbs from the spread of the highly infectious delta variant of the coronavirus, offsetting a bullish outlook for US fuel demand.US west texas intermediate (WTI) crude futures fell 18 cents, or 0.3%, to $68.11 a barrel at 0500 GMT, after a 2.7% jump on tuesday. oil prices slide as virus cases rise, demand worries persist brent crude futures dropped 16 cents to $70.47 a barrel, following a 2.3% gain on Tuesday.While both contracts have reclaimed their 100-day daily moving average, a technical chart indicator, they appeared to lack the momentum to stage meaningful revivals as delta variant fears continued to weigh on markets, said jeffrey halley, OANDA senior market analyst for asia Pacific.""Short-term momentum has waned quickly in asia,"" he added.beijing has imposed travel curbs that will reduce fuel demand in the world second-largest oil consumer, prompting goldman sachs to cut its demand forecast for china by 1 million barrels per day for the next two months.""our base case remains that the delta wave will impact demand - including in china - for only two months, consistent with prior cycles, including most recently in india,"" the bank said.industry data showed US crude oil and gasoline inventories fell last week, while the US energy information administration raised its forecast for fuel demand in 2021 and said consumption in may through july was higher than expected, supporting prices.US crude stocks fell by 816,00 barrels and gasoline stocks fell by 1.1 million barrels in the week ended aug. 6, according to two market sources, citing data from the american petroleum institute. both drawdowns were a bit smaller than analysts polled by reuters had expected.weekly figures from the EIA are due on Wednesday.The EIA monthly report showed that the need for supply from the organization of the petroleum exporting countries (OPEC) will exceed OPEC supply by 1 million barrels per day in the third quarter and by 300,000 bpd in the fourth quarter of 2021, commonwealth bank commodity analyst vivek dhar said in a note.""with OECD commercial crude oil stockpiles having dropped back to pre-COVID levels already, a tightening oil market outlook will likely amplify oil price gains,"" he said.', 'LONDON oil fell below $70 a barrel on wednesday as the united states urged OPEC and its oil-producing partners to boost output, saying current production was not enough and could threaten the global economic recovery.the price of brent crude is up 35% this year supported by OPEC-led supply curbs, even after oil last week suffered the steepest weekly loss in months on worries that travel restrictions to curb coronavirus infections would hit demand.brent crude was down 75 cents, or 1.1%, to $69.88 a barrel at 1126 GMT, following a 2.3% rally on tuesday. US west texas intermediate (WTI) was down 81 cents, or 1.2%, to $67.48, after a 2.7% jump on Tuesday.The white house said in a statement on wednesday that the biden administration had urged OPEC and its partners to boost production. CNBC earlier reported the development. US calls on OPEC and its allies to increase oil production earlier on wednesday, crude was trading above $70 as signs of rising fuel demand in the united states offset concerns about travel curbs in asia caused by the COVID-19 delta variant.industry data showed US crude and gasoline inventories fell last week, while the US energy information administration (EIA) said US job growth and increasing mobility had boosted gasoline consumption so far this year.""the EIA upbeat demand forecasts for this year helped alleviate fears of a deteriorating near-term outlook,"" said stephen brennock of oil broker PVM.The delta variant has been detected in more than a dozen chinese cities since the first cases there were found in july, prompting some new travel restrictions, while US cases and hospitalisations have soared to six-month highs. oil prices rises, on track for weekly gain in focus later will be the EIA official US inventory figures at 1430 GMT.On tuesday, industry group the american petroleum institute said US crude stocks fell by 816,000 barrels and gasoline stocks dropped by 1.1 million barrels last week.']","['https://www.brecorder.com/news/40112655/oil-drops-on-china-fuel-demand-concerns-as-delta-coronavirus-surges', 'https://www.brecorder.com/news/40112655/oil-drops-on-china-fuel-demand-concerns-as-delta-coronavirus-surges', 'https://www.brecorder.com/news/40112710/oil-drops-below-70-as-us-urges-opec-to-pump-more']","['brent, , ']","['oil prices slide', 'US crude stocks fell', 'US crude stocks fell']","['neg', 'neg', 'neg']",91.96,"[0.36, -1.04, -1.04]",-0.57,-2,-3,3,3,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The technical indicators, including EMA 55, EMA 9, RSI, and MACD, collectively suggest a sell signal. Therefore, we recommend selling the position. Investors should consider reducing exposure or exiting the market to mitigate potential losses.""
}"
8/12/2021,"['Oil prices slip as IEA warns of slowdown in demand recovery', 'Russian rouble eases after overnight jump, stocks inch higher']","['oil prices slip as IEA warns of slowdown in demand recovery', 'russian rouble eases after overnight jump, stocks inch higher']","['Business Recorder', 'Business Recorder']","['LONDON: Oil prices declined on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand.Brent crude futures were down 15 cents, or 0.21%, at $71.29 a barrel by 1356 GMT, after earlier rising to a session-high of $71.90.US West Texas Intermediate (WTI) crude futures were down 22 cents, or 0.32%, to $69.03.The international energy watchdog said in its monthly report that rising demand for oil reversed course in July and was set to proceed more slowly for the rest of the year after the latest wave of COVID-19 infections prompted countries to bring in restrictions again. Oil drops below $70 as US urges OPEC+ to pump more ""Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in Asia, look set to reduce mobility and oil use,"" the Paris-based IEA said.""We now estimate that demand fell in July as the rapid spread of the COVID-19 Delta variant undermined deliveries in China, Indonesia and other parts of Asia.""The IEA put the demand slump last month at 120,000 barrels per day (bpd) and predicted growth would be half a million bpd lower in the second half of the year compared to its estimate last month, noting some changes were due to revisions in data. US crude, gasoline stockpiles dip slightly: EIA In its monthly report that also came out on Thursday, the Organization of the Petroleum Exporting Countries (OPEC) stuck to its prediction of a strong recovery in world oil demand in 2021 and 2022, despite concerns about the spread of the virus.That came a day after the United States urged OPEC and its allies, known as OPEC+, to boost oil output to tackle rising gasoline prices, which it sees as a threat to the global economic recovery.OPEC agreed in July to boost output each month by 400,000 bpd versus the previous month, starting in August, until the rest of their record cuts of 10 million bpd, about 10% of world demand, made in 2020 are phased out.""The Biden Administration said that the recently agreed production increases will not fully offset previous production cuts imposed during the pandemic,"" ANZ said in a note.', 'MOSCOW: The Russian rouble eased in early trade on Thursday, looking for new momentum amid slightly lower oil prices, while stock indexes climbed.At 0705 GMT, the rouble was 0.3% weaker against the dollar at 73.61 and lost 0.2% to trade at 86.34 versus the euro, staying within the 86-87 range held since Aug. 3.The rouble partly pared its sharp gains from Wednesday when it moved away from its weakest point since late July of 74.1425 to finish the day at 73.3650. Rouble stabilises, shares in major state banks rally ""The rouble was among the best EM FX performers yesterday, along with the South African rand and the Mexican peso, which gained 1.0% and 0.8%, respectively,"" VTB Capital said.The Russian currency has chances to firm to 73 against the dollar later in the day given the external backdrop and expectations for a recovery in oil prices, Promsvyazbank said in a note.Following two days of gains, Brent crude oil, a global benchmark for Russia\'s main export, eased 0.1% to $71.35 a barrel after top oil consumer the United States called for major producers to boost output.Russian stock indexes rose with the dollar-denominated RTS index up 0.2% to 1,659.8 points. The rouble-based MOEX Russian index was 0.1% higher at 3,879.2 points.Depository receipts in London-listed retailer Fix Price  gained 1.3% on the Moscow Exchange, outperforming the broader market after the company announced plans to pay interim dividends amid a 9% increase in six-month net profit.']","['LONDON oil prices declined on thursday after the international energy agency (IEA) said the spread of the delta variant of the coronavirus would slow the recovery of global oil demand.brent crude futures were down 15 cents, or 0.21%, at $71.29 a barrel by 1356 GMT, after earlier rising to a session-high of $71.90.US west texas intermediate (WTI) crude futures were down 22 cents, or 0.32%, to $69.03.the international energy watchdog said in its monthly report that rising demand for oil reversed course in july and was set to proceed more slowly for the rest of the year after the latest wave of COVID-19 infections prompted countries to bring in restrictions again. oil drops below $70 as US urges OPEC+ to pump more ""growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in asia, look set to reduce mobility and oil use,"" the Paris-based IEA said.""we now estimate that demand fell in july as the rapid spread of the COVID-19 delta variant undermined deliveries in china, indonesia and other parts of Asia.""The IEA put the demand slump last month at 120,000 barrels per day (bpd) and predicted growth would be half a million bpd lower in the second half of the year compared to its estimate last month, noting some changes were due to revisions in data. US crude, gasoline stockpiles dip slightly EIA in its monthly report that also came out on thursday, the organization of the petroleum exporting countries (OPEC) stuck to its prediction of a strong recovery in world oil demand in 2021 and 2022, despite concerns about the spread of the virus.that came a day after the united states urged OPEC and its allies, known as OPEC+, to boost oil output to tackle rising gasoline prices, which it sees as a threat to the global economic recovery.OPEC agreed in july to boost output each month by 400,000 bpd versus the previous month, starting in august, until the rest of their record cuts of 10 million bpd, about 10% of world demand, made in 2020 are phased out.""the biden administration said that the recently agreed production increases will not fully offset previous production cuts imposed during the pandemic,"" ANZ said in a note.', 'MOSCOW the russian rouble eased in early trade on thursday, looking for new momentum amid slightly lower oil prices, while stock indexes climbed.at 0705 GMT, the rouble was 0.3% weaker against the dollar at 73.61 and lost 0.2% to trade at 86.34 versus the euro, staying within the 86-87 range held since aug. 3.the rouble partly pared its sharp gains from wednesday when it moved away from its weakest point since late july of 74.1425 to finish the day at 73.3650. rouble stabilises, shares in major state banks rally ""the rouble was among the best EM FX performers yesterday, along with the south african rand and the mexican peso, which gained 1.0% and 0.8%, respectively,"" VTB capital said.the russian currency has chances to firm to 73 against the dollar later in the day given the external backdrop and expectations for a recovery in oil prices, promsvyazbank said in a note.following two days of gains, brent crude oil, a global benchmark for russia main export, eased 0.1% to $71.35 a barrel after top oil consumer the united states called for major producers to boost output.russian stock indexes rose with the dollar-denominated RTS index up 0.2% to 1,659.8 points. the rouble-based MOEX russian index was 0.1% higher at 3,879.2 points.depository receipts in London-listed retailer fix price gained 1.3% on the moscow exchange, outperforming the broader market after the company announced plans to pay interim dividends amid a 9% increase in six-month net profit.']","['https://www.brecorder.com/news/40113004/oil-prices-slip-as-iea-warns-of-slowdown-in-demand-recovery', 'https://www.brecorder.com/news/40112964/russian-rouble-eases-after-overnight-jump-stocks-inch-higher']","['brent, , ']","['oil prices slip', 'recovery in oil prices']","['neg', 'pos']",91.75,"[-1.78, 2.63]",0.42,-2,-3,3,3,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The technical indicators suggest a sell signal, prompting a recommendation to sell the position.""
}"
8/13/2021,"['Oil extends losses as Delta variant stalls demand recovery', 'Oil prices slip as IEA warns of slowdown in demand recovery', 'Oil prices slip as IEA warns of slowdown in demand recovery']","['oil extends losses as delta variant stalls demand recovery', 'oil prices slip as IEA warns of slowdown in demand recovery', 'oil prices slip as IEA warns of slowdown in demand recovery']","['Business Recorder', 'Business Recorder', 'Business Recorder']","['TOKYO/SINGAPORE: Oil prices fell for a second day on Friday after the International Energy Agency warned that demand growth for crude and its products had slowed sharply as surging COVID-19 cases worldwide forced governments to revive movement restrictions.Brent crude was down 49 cents, or 0.7%, at $70.82 a barrel by 0507 GMT, after dropping 13 cents in the previous session. US crude was off by 53 cents, or 0.8%, at $68.56 a barrel, having fallen 0.2% on Thursday. The benchmarks are still heading for a slight gain this week.""We now see the global demand recovery stalling this month with oil demand only reaching 98.3 million barrels per day (bpd) in August and averaging 97.9 million bpd in September, on par with the nearly 98 million bpd average in July,"" JPM Commodities Research said.Similarly, Goldman Sachs has reduced its estimate for global oil deficit to 1 million bpd from 2.3 million bpd in the short term as demand is set to decline in August and September. Looking beyond the Delta headwind, the bank still expects the demand recovery to continue alongside rising vaccination rates. Delta variant crimps oil demand outlook: IEA Increasing demand for crude ground to a halt in July and is set to rise at a slower pace over the rest of 2021 because of the surge in infections from the Delta variant of the coronavirus that causes COVID-19, the IEA said on Thursday.""Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in Asia, look set to reduce mobility and oil use,"" the IEA said.In sharp contrast, OPEC on Thursday stuck to its forecasts for a rebound in oil demand globally this year and further growth in 2022, notwithstanding the rising concern about the surge in COVID-19 infections.In its monthly report, the Organization of the Petroleum Exporting Countries (OPEC) also raised its expectations for supplies next year from other producers, including US shale drillers, which could potentially snarl efforts by the group and allies, known as OPEC+, to achieve a balance in the market.""Although OPEC left its demand forecast unchanged, we think that the near-term demand outlook has deteriorated, which may mean that the group adjusts down its supply plans at its next meeting,"" Caroline Bain, chief commodities economist at Capital Economics, said in a note.', 'NEW YORK: Oil prices fell on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand.Brent crude futures fell 45 cents to $70.99 a barrel by 11:09 a.m. EDT (1509 GMT). Earlier, Brent hit a session high of $71.90.US West Texas Intermediate (WTI) crude futures fell 47 cents to $68.78 a barrel.The international energy watchdog\'s monthly report said rising demand for oil reversed course in July and was set to proceed more slowly for the rest of the year after the latest wave of COVID-19 infections prompted countries to bring in restrictions again.""Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in Asia, look set to reduce mobility and oil use,"" the Paris-based IEA said.""We now estimate that demand fell in July as the rapid spread of the COVID-19 Delta variant undermined deliveries in China, Indonesia and other parts of Asia.""The IEA put the demand slump last month at 120,000 barrels per day (bpd) and predicted growth would be half a million bpd lower in the second half than it had estimated last month, noting some changes were due to revisions in data.""The IEA report seemed to suggest we\'d see demand weaken a bit because of the COVID flare-up and because that will reduce the odds of a so-called super cycle in oil,"" said Phil Flynn, a senior analyst at Price Futures Group in Chicago.In its monthly report that also came out on Thursday, the Organization of the Petroleum Exporting Countries (OPEC) stuck to its prediction of a strong recovery in world oil demand in 2021 and 2022, despite concerns about the spread of the virus.That came a day after the United States urged OPEC and its allies, known as OPEC+, to boost oil output to tackle rising gasoline prices, which it sees as a threat to the global economic recovery.OPEC agreed in July to boost output each month by 400,000 bpd versus the previous month, starting in August, until the rest of their record cuts of 10 million bpd, about 10% of world demand, made in 2020 are phased out.""The Biden Administration said that the recently agreed production increases will not fully offset previous production cuts imposed during the pandemic,"" ANZ said in a note.', 'NEW YORK: Oil prices fell on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand.Brent crude futures fell 45 cents to $70.99 a barrel by 11:09 a.m. EDT (1509 GMT). Earlier, Brent hit a session high of $71.90.US West Texas Intermediate (WTI) crude futures fell 47 cents to $68.78 a barrel.The international energy watchdog\'s monthly report said rising demand for oil reversed course in July and was set to proceed more slowly for the rest of the year after the latest wave of COVID-19 infections prompted countries to bring in restrictions again.""Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in Asia, look set to reduce mobility and oil use,"" the Paris-based IEA said.""We now estimate that demand fell in July as the rapid spread of the COVID-19 Delta variant undermined deliveries in China, Indonesia and other parts of Asia.""The IEA put the demand slump last month at 120,000 barrels per day (bpd) and predicted growth would be half a million bpd lower in the second half than it had estimated last month, noting some changes were due to revisions in data.""The IEA report seemed to suggest we\'d see demand weaken a bit because of the COVID flare-up and because that will reduce the odds of a so-called super cycle in oil,"" said Phil Flynn, a senior analyst at Price Futures Group in Chicago.In its monthly report that also came out on Thursday, the Organization of the Petroleum Exporting Countries (OPEC) stuck to its prediction of a strong recovery in world oil demand in 2021 and 2022, despite concerns about the spread of the virus.That came a day after the United States urged OPEC and its allies, known as OPEC+, to boost oil output to tackle rising gasoline prices, which it sees as a threat to the global economic recovery.OPEC agreed in July to boost output each month by 400,000 bpd versus the previous month, starting in August, until the rest of their record cuts of 10 million bpd, about 10% of world demand, made in 2020 are phased out.""The Biden Administration said that the recently agreed production increases will not fully offset previous production cuts imposed during the pandemic,"" ANZ said in a note.']","['TOKYO/SINGAPORE oil prices fell for a second day on friday after the international energy agency warned that demand growth for crude and its products had slowed sharply as surging COVID-19 cases worldwide forced governments to revive movement restrictions.brent crude was down 49 cents, or 0.7%, at $70.82 a barrel by 0507 GMT, after dropping 13 cents in the previous session. US crude was off by 53 cents, or 0.8%, at $68.56 a barrel, having fallen 0.2% on thursday. the benchmarks are still heading for a slight gain this week.""we now see the global demand recovery stalling this month with oil demand only reaching 98.3 million barrels per day (bpd) in august and averaging 97.9 million bpd in september, on par with the nearly 98 million bpd average in july,"" JPM commodities research said.similarly, goldman sachs has reduced its estimate for global oil deficit to 1 million bpd from 2.3 million bpd in the short term as demand is set to decline in august and september. looking beyond the delta headwind, the bank still expects the demand recovery to continue alongside rising vaccination rates. delta variant crimps oil demand outlook IEA increasing demand for crude ground to a halt in july and is set to rise at a slower pace over the rest of 2021 because of the surge in infections from the delta variant of the coronavirus that causes COVID-19, the IEA said on Thursday.""Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in asia, look set to reduce mobility and oil use,"" the IEA said.in sharp contrast, OPEC on thursday stuck to its forecasts for a rebound in oil demand globally this year and further growth in 2022, notwithstanding the rising concern about the surge in COVID-19 infections.in its monthly report, the organization of the petroleum exporting countries (OPEC) also raised its expectations for supplies next year from other producers, including US shale drillers, which could potentially snarl efforts by the group and allies, known as OPEC+, to achieve a balance in the market.""although OPEC left its demand forecast unchanged, we think that the near-term demand outlook has deteriorated, which may mean that the group adjusts down its supply plans at its next meeting,"" caroline bain, chief commodities economist at capital economics, said in a note.', 'NEW YORK oil prices fell on thursday after the international energy agency (IEA) said the spread of the delta variant of the coronavirus would slow the recovery of global oil demand.brent crude futures fell 45 cents to $70.99 a barrel by 11 09 a.m. EDT (1509 GMT). earlier, brent hit a session high of $71.90.US west texas intermediate (WTI) crude futures fell 47 cents to $68.78 a barrel.the international energy watchdog monthly report said rising demand for oil reversed course in july and was set to proceed more slowly for the rest of the year after the latest wave of COVID-19 infections prompted countries to bring in restrictions again.""growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in asia, look set to reduce mobility and oil use,"" the Paris-based IEA said.""we now estimate that demand fell in july as the rapid spread of the COVID-19 delta variant undermined deliveries in china, indonesia and other parts of Asia.""The IEA put the demand slump last month at 120,000 barrels per day (bpd) and predicted growth would be half a million bpd lower in the second half than it had estimated last month, noting some changes were due to revisions in data.""the IEA report seemed to suggest we would see demand weaken a bit because of the COVID flare-up and because that will reduce the odds of a so-called super cycle in oil,"" said phil flynn, a senior analyst at price futures group in Chicago.In its monthly report that also came out on thursday, the organization of the petroleum exporting countries (OPEC) stuck to its prediction of a strong recovery in world oil demand in 2021 and 2022, despite concerns about the spread of the virus.that came a day after the united states urged OPEC and its allies, known as OPEC+, to boost oil output to tackle rising gasoline prices, which it sees as a threat to the global economic recovery.OPEC agreed in july to boost output each month by 400,000 bpd versus the previous month, starting in august, until the rest of their record cuts of 10 million bpd, about 10% of world demand, made in 2020 are phased out.""the biden administration said that the recently agreed production increases will not fully offset previous production cuts imposed during the pandemic,"" ANZ said in a note.', 'NEW YORK oil prices fell on thursday after the international energy agency (IEA) said the spread of the delta variant of the coronavirus would slow the recovery of global oil demand.brent crude futures fell 45 cents to $70.99 a barrel by 11 09 a.m. EDT (1509 GMT). earlier, brent hit a session high of $71.90.US west texas intermediate (WTI) crude futures fell 47 cents to $68.78 a barrel.the international energy watchdog monthly report said rising demand for oil reversed course in july and was set to proceed more slowly for the rest of the year after the latest wave of COVID-19 infections prompted countries to bring in restrictions again.""growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in asia, look set to reduce mobility and oil use,"" the Paris-based IEA said.""we now estimate that demand fell in july as the rapid spread of the COVID-19 delta variant undermined deliveries in china, indonesia and other parts of Asia.""The IEA put the demand slump last month at 120,000 barrels per day (bpd) and predicted growth would be half a million bpd lower in the second half than it had estimated last month, noting some changes were due to revisions in data.""the IEA report seemed to suggest we would see demand weaken a bit because of the COVID flare-up and because that will reduce the odds of a so-called super cycle in oil,"" said phil flynn, a senior analyst at price futures group in Chicago.In its monthly report that also came out on thursday, the organization of the petroleum exporting countries (OPEC) stuck to its prediction of a strong recovery in world oil demand in 2021 and 2022, despite concerns about the spread of the virus.that came a day after the united states urged OPEC and its allies, known as OPEC+, to boost oil output to tackle rising gasoline prices, which it sees as a threat to the global economic recovery.OPEC agreed in july to boost output each month by 400,000 bpd versus the previous month, starting in august, until the rest of their record cuts of 10 million bpd, about 10% of world demand, made in 2020 are phased out.""the biden administration said that the recently agreed production increases will not fully offset previous production cuts imposed during the pandemic,"" ANZ said in a note.']","['https://www.brecorder.com/news/40113217/oil-extends-losses-as-delta-variant-stalls-demand-recovery', 'https://www.brecorder.com/news/40113116/oil-prices-slip-as-iea-warns-of-slowdown-in-demand-recovery', 'https://www.brecorder.com/news/40113116/oil-prices-slip-as-iea-warns-of-slowdown-in-demand-recovery']","['brent, , ']","['oil prices fell', 'oil prices slip', 'oil prices fell']","['neg', 'neg', 'neg']",90.98,"[-5.33, -1.78, -5.33]",-4.15,-1,-3,3,3,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""The technical indicators provide conflicting signals, and the news impact is negative but not significantly low. Given the mixed signals and lack of a clear direction, it's prudent to refrain from taking any position in the market at this time.""
}"
8/16/2021,"['Brent oil may fall to $69.07', 'Oil prices slide as Chinese fuel demand falters', 'Oil prices slide as Chinese fuel demand falters', 'Oil prices loses as OPEC+ sees no need for more supply hikes', 'Oil prices loses as OPEC+ sees no need for more supply hikes', 'Oil prices drop amid faltering demand outlook in China', 'Oil prices drop amid faltering demand outlook in China']","['brent oil may fall to $69.07', 'oil prices slide as chinese fuel demand falters', 'oil prices slide as chinese fuel demand falters', 'oil prices loses as OPEC+ sees no need for more supply hikes', 'oil prices loses as OPEC+ sees no need for more supply hikes', 'oil prices drop amid faltering demand outlook in china', 'oil prices drop amid faltering demand outlook in china']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['SINGAPORE: Brent oil may fall to $69.07 per barrel, as suggested by its wave pattern.The bounce from the Aug. 9 low of $67.60 adopted a three-wave mode. The wave c is much shorter than the wave a. This relation, along with the deep fall from the Aug. 12 high of $71.90, suggests a completion of the bounce. Oil prices slide as Chinese fuel demand falters The wave b ended at $69.07, which works as an immediate target. The bounce may extend, if the oil manages to stabilize around $69.07. Otherwise, the contract may soon revisit the low of $67.60.Resistance is at $70.46, a break above which could lead to a gain into $70.89-$71.32 range.On the daily chart, oil may retest a support at $68.43.A break will not only cause a fall into $64.15-$66.29 range, but also confirm a reversal of the uptrend from the March 23 low of $60.27.Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.', 'TOKYO: Oil prices fell more than 1% on Monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in China in an indicator that fresh COVID-19 outbreaks are crimping the world\'s no.2 economy.Brent crude was down 75 cents, or 1.1%, at $69.84 a barrel by 0442 GMT. US oil fell by 76 cents, or 1.1%, to $67.68 a barrel.Factory output and retail sales growth slowed sharply in July in China, data showed, missing expectations as fresh outbreaks of COVID-19 and flooding disrupted business activity.""Oil futures weakness ... is likely triggered by weaker-than-expected growth data from China, which is a major consumer of oil,"" said Kelvin Wong, market analyst at CMC Markets in Singapore. ""All in all, the global peak growth narrative has been intensified."" Light diesel, kerosene oil prices raised China\'s crude oil processing last month also fell to the lowest on a daily basis since May 2020, as independent refiners cut production amid tighter quotas, elevated inventories and falling profits. China is the world\'s biggest oil importer.In Japan, the world\'s fourth-biggest importer of crude oil, many analysts expect modest economic growth in the current quarter as state of renewed emergency restrictions to deal with record cases of infections weigh on household spending.""We expect (Japan GDP) growth to remain under pressure in the third quarter as spending and production continue to struggle amidst disruptions from the pandemic,"" Moody\'s said.The International Energy Agency on Thursday said rising demand for crude oil reversed course in July and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the highly transmissible Delta strain.Money managers reduced their net-long US crude futures and options holdings in the week to Aug. 10, the US Commodity Futures Trading Commission (CFTC) said on Friday.Speculators also cut their futures and options positions in New York and London by 21,777 contracts to 283,601 over the period, the CFTC said.', 'TOKYO: Oil prices fell more than 1% on Monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in China in an indicator that fresh COVID-19 outbreaks are crimping the world\'s no.2 economy.Brent crude was down 75 cents, or 1.1%, at $69.84 a barrel by 0442 GMT. US oil fell by 76 cents, or 1.1%, to $67.68 a barrel.Factory output and retail sales growth slowed sharply in July in China, data showed, missing expectations as fresh outbreaks of COVID-19 and flooding disrupted business activity.""Oil futures weakness ... is likely triggered by weaker-than-expected growth data from China, which is a major consumer of oil,"" said Kelvin Wong, market analyst at CMC Markets in Singapore. ""All in all, the global peak growth narrative has been intensified."" Light diesel, kerosene oil prices raised China\'s crude oil processing last month also fell to the lowest on a daily basis since May 2020, as independent refiners cut production amid tighter quotas, elevated inventories and falling profits. China is the world\'s biggest oil importer.In Japan, the world\'s fourth-biggest importer of crude oil, many analysts expect modest economic growth in the current quarter as state of renewed emergency restrictions to deal with record cases of infections weigh on household spending.""We expect (Japan GDP) growth to remain under pressure in the third quarter as spending and production continue to struggle amidst disruptions from the pandemic,"" Moody\'s said.The International Energy Agency on Thursday said rising demand for crude oil reversed course in July and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the highly transmissible Delta strain.Money managers reduced their net-long US crude futures and options holdings in the week to Aug. 10, the US Commodity Futures Trading Commission (CFTC) said on Friday.Speculators also cut their futures and options positions in New York and London by 21,777 contracts to 283,601 over the period, the CFTC said.', 'NEW YORK: Oil prices slipped more than 1pc on Monday, paring steep losses on weak Chinese economic data after sources told Reuters that OPEC and its allies believe the markets do not need more oil than they plan to release in the coming months.Brent crude was down 80 cents, or 1.1pc, at $69.79 a barrel by 1:10 p.m. EDT (1710 GMT) after falling to $68.14 earlier in the sessions. U.S. oil fell by 87 cents, or 1.3pc, to $67.57 after reaching lows of $65.73. The market had dropped more than 3pc earlier in the session after data showed Chinese factory output and retail sales growth slowed sharply in July, missing expectations as flooding and fresh outbreaks of COVID-19 disrupted business activity.Crude oil processing in China, the world\'s biggest oil importer, last month also fell to its lowest level on a daily basis since May 2020 as independent refiners cut production in the face of tighter quotas, elevated inventories and falling profits. Oil prices slide as Chinese fuel demand falters""(Concerns) about the spread of the Delta variant in China and the effects this will have on oil demand are continuing to weigh on prices,"" Commerzbank said in a note. However, prices rebounded slightly after sources from OPEC+, which comprises of the Organization of the Petroleum Exporting Countries and its allies, said there was no need to release more oil despite U.S. pressure to add supplies to check an oil price rise.OPEC+ agreed in July to boost output by 400,000 barrels per day a month starting in August until its current oil output reductions of 5.8 million bpd are fully phased out.Two of the OPEC+ sources said the latest data from OPEC and from the West\'s energy watchdog - the International Energy Agency (IEA) - also indicated there was no need for extra oil. The IEA last week said that rising demand for crude oil reversed course in July and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the Delta variant.Oil prices rise on signs of tightening suppliesMoney managers reduced their net-long U.S. crude futures and options holdings in the week to Aug. 10, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Speculators also cut their futures and options positions in New York and London by 21,777 contracts to 283,601 over the period, the CFTC said.""With COVID cases rising the demand outlook is looking unclear, so traders are increasingly wary about hedging and locking in prices,"" said Phil Flynn, analyst at Price Futures Group.', 'NEW YORK: Oil prices slipped more than 1pc on Monday, paring steep losses on weak Chinese economic data after sources told Reuters that OPEC and its allies believe the markets do not need more oil than they plan to release in the coming months.Brent crude was down 80 cents, or 1.1pc, at $69.79 a barrel by 1:10 p.m. EDT (1710 GMT) after falling to $68.14 earlier in the sessions. U.S. oil fell by 87 cents, or 1.3pc, to $67.57 after reaching lows of $65.73. The market had dropped more than 3pc earlier in the session after data showed Chinese factory output and retail sales growth slowed sharply in July, missing expectations as flooding and fresh outbreaks of COVID-19 disrupted business activity.Crude oil processing in China, the world\'s biggest oil importer, last month also fell to its lowest level on a daily basis since May 2020 as independent refiners cut production in the face of tighter quotas, elevated inventories and falling profits. Oil prices slide as Chinese fuel demand falters""(Concerns) about the spread of the Delta variant in China and the effects this will have on oil demand are continuing to weigh on prices,"" Commerzbank said in a note. However, prices rebounded slightly after sources from OPEC+, which comprises of the Organization of the Petroleum Exporting Countries and its allies, said there was no need to release more oil despite U.S. pressure to add supplies to check an oil price rise.OPEC+ agreed in July to boost output by 400,000 barrels per day a month starting in August until its current oil output reductions of 5.8 million bpd are fully phased out.Two of the OPEC+ sources said the latest data from OPEC and from the West\'s energy watchdog - the International Energy Agency (IEA) - also indicated there was no need for extra oil. The IEA last week said that rising demand for crude oil reversed course in July and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the Delta variant.Oil prices rise on signs of tightening suppliesMoney managers reduced their net-long U.S. crude futures and options holdings in the week to Aug. 10, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Speculators also cut their futures and options positions in New York and London by 21,777 contracts to 283,601 over the period, the CFTC said.""With COVID cases rising the demand outlook is looking unclear, so traders are increasingly wary about hedging and locking in prices,"" said Phil Flynn, analyst at Price Futures Group.', 'LONDON: Oil prices fell by about 2% on Monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in China in an indication that COVID-19 outbreaks are crimping the world\'s second-largest economy.Brent crude was down $1.22, or 1.7%, at $69.37 a barrel by 1211 GMT. U.S. oil fell by $1.35, or 2%, to $67.09. Chinese factory output and retail sales growth slowed sharply in July, data showed, missing expectations as flooding and fresh outbreaks of COVID-19 disrupted business activity.China\'s crude oil processing last month also fell to the lowest level on a daily basis since May 2020 as independent refiners cut production in the face of tighter quotas, elevated inventories and falling profits. China is the world\'s biggest oil importer.""(Concerns) about the spread of the Delta variant in China and the effects this will have on oil demand are continuing to weigh on prices,"" Commerzbank said in a note. Doubts about the speed of economic recovery were also heightened after U.S. consumer sentiment dropped sharply in early August to its lowest in a decade, a University of Michigan survey showed late last week.Oil prices slide as Chinese fuel demand faltersThe International Energy Agency (IEA) last week said that rising demand for crude oil reversed course in July and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the Delta variant.Money managers reduced their net-long U.S. crude futures and options holdings in the week to Aug. 10, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Speculators also cut their futures and options positions in New York and London by 21,777 contracts to 283,601 over the period, the CFTC said.', 'LONDON: Oil prices fell by about 2% on Monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in China in an indication that COVID-19 outbreaks are crimping the world\'s second-largest economy.Brent crude was down $1.22, or 1.7%, at $69.37 a barrel by 1211 GMT. U.S. oil fell by $1.35, or 2%, to $67.09. Chinese factory output and retail sales growth slowed sharply in July, data showed, missing expectations as flooding and fresh outbreaks of COVID-19 disrupted business activity.China\'s crude oil processing last month also fell to the lowest level on a daily basis since May 2020 as independent refiners cut production in the face of tighter quotas, elevated inventories and falling profits. China is the world\'s biggest oil importer.""(Concerns) about the spread of the Delta variant in China and the effects this will have on oil demand are continuing to weigh on prices,"" Commerzbank said in a note. Doubts about the speed of economic recovery were also heightened after U.S. consumer sentiment dropped sharply in early August to its lowest in a decade, a University of Michigan survey showed late last week.Oil prices slide as Chinese fuel demand faltersThe International Energy Agency (IEA) last week said that rising demand for crude oil reversed course in July and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the Delta variant.Money managers reduced their net-long U.S. crude futures and options holdings in the week to Aug. 10, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Speculators also cut their futures and options positions in New York and London by 21,777 contracts to 283,601 over the period, the CFTC said.']","['SINGAPORE brent oil may fall to $69.07 per barrel, as suggested by its wave pattern.the bounce from the aug. 9 low of $67.60 adopted a three-wave mode. the wave c is much shorter than the wave a. this relation, along with the deep fall from the aug. 12 high of $71.90, suggests a completion of the bounce. oil prices slide as chinese fuel demand falters the wave b ended at $69.07, which works as an immediate target. the bounce may extend, if the oil manages to stabilize around $69.07. otherwise, the contract may soon revisit the low of $67.60.resistance is at $70.46, a break above which could lead to a gain into $70.89-$71.32 range.on the daily chart, oil may retest a support at $68.43.A break will not only cause a fall into $64.15-$66.29 range, but also confirm a reversal of the uptrend from the march 23 low of $60.27.each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.', 'TOKYO oil prices fell more than 1% on monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in china in an indicator that fresh COVID-19 outbreaks are crimping the world no.2 economy.brent crude was down 75 cents, or 1.1%, at $69.84 a barrel by 0442 GMT. US oil fell by 76 cents, or 1.1%, to $67.68 a barrel.factory output and retail sales growth slowed sharply in july in china, data showed, missing expectations as fresh outbreaks of COVID-19 and flooding disrupted business activity.""oil futures weakness . is likely triggered by weaker-than-expected growth data from china, which is a major consumer of oil,"" said kelvin wong, market analyst at CMC markets in singapore. ""all in all, the global peak growth narrative has been intensified."" light diesel, kerosene oil prices raised china crude oil processing last month also fell to the lowest on a daily basis since may 2020, as independent refiners cut production amid tighter quotas, elevated inventories and falling profits. china is the world biggest oil importer.in japan, the world fourth-biggest importer of crude oil, many analysts expect modest economic growth in the current quarter as state of renewed emergency restrictions to deal with record cases of infections weigh on household spending.""we expect (Japan GDP) growth to remain under pressure in the third quarter as spending and production continue to struggle amidst disruptions from the pandemic,"" moody said.the international energy agency on thursday said rising demand for crude oil reversed course in july and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the highly transmissible delta strain.money managers reduced their net-long US crude futures and options holdings in the week to aug. 10, the US commodity futures trading commission (CFTC) said on Friday.Speculators also cut their futures and options positions in new york and london by 21,777 contracts to 283,601 over the period, the CFTC said.', 'TOKYO oil prices fell more than 1% on monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in china in an indicator that fresh COVID-19 outbreaks are crimping the world no.2 economy.brent crude was down 75 cents, or 1.1%, at $69.84 a barrel by 0442 GMT. US oil fell by 76 cents, or 1.1%, to $67.68 a barrel.factory output and retail sales growth slowed sharply in july in china, data showed, missing expectations as fresh outbreaks of COVID-19 and flooding disrupted business activity.""oil futures weakness . is likely triggered by weaker-than-expected growth data from china, which is a major consumer of oil,"" said kelvin wong, market analyst at CMC markets in singapore. ""all in all, the global peak growth narrative has been intensified."" light diesel, kerosene oil prices raised china crude oil processing last month also fell to the lowest on a daily basis since may 2020, as independent refiners cut production amid tighter quotas, elevated inventories and falling profits. china is the world biggest oil importer.in japan, the world fourth-biggest importer of crude oil, many analysts expect modest economic growth in the current quarter as state of renewed emergency restrictions to deal with record cases of infections weigh on household spending.""we expect (Japan GDP) growth to remain under pressure in the third quarter as spending and production continue to struggle amidst disruptions from the pandemic,"" moody said.the international energy agency on thursday said rising demand for crude oil reversed course in july and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the highly transmissible delta strain.money managers reduced their net-long US crude futures and options holdings in the week to aug. 10, the US commodity futures trading commission (CFTC) said on Friday.Speculators also cut their futures and options positions in new york and london by 21,777 contracts to 283,601 over the period, the CFTC said.', 'NEW YORK oil prices slipped more than 1pc on monday, paring steep losses on weak chinese economic data after sources told reuters that OPEC and its allies believe the markets do not need more oil than they plan to release in the coming months.brent crude was down 80 cents, or 1.1pc, at $69.79 a barrel by 1 10 p.m. EDT (1710 GMT) after falling to $68.14 earlier in the sessions. U.S. oil fell by 87 cents, or 1.3pc, to $67.57 after reaching lows of $65.73. the market had dropped more than 3pc earlier in the session after data showed chinese factory output and retail sales growth slowed sharply in july, missing expectations as flooding and fresh outbreaks of COVID-19 disrupted business activity.crude oil processing in china, the world biggest oil importer, last month also fell to its lowest level on a daily basis since may 2020 as independent refiners cut production in the face of tighter quotas, elevated inventories and falling profits. oil prices slide as chinese fuel demand falters""(Concerns) about the spread of the delta variant in china and the effects this will have on oil demand are continuing to weigh on prices,"" commerzbank said in a note. however, prices rebounded slightly after sources from OPEC+, which comprises of the organization of the petroleum exporting countries and its allies, said there was no need to release more oil despite U.S. pressure to add supplies to check an oil price rise.OPEC+ agreed in july to boost output by 400,000 barrels per day a month starting in august until its current oil output reductions of 5.8 million bpd are fully phased out.two of the OPEC+ sources said the latest data from OPEC and from the west energy watchdog - the international energy agency (IEA) - also indicated there was no need for extra oil. the IEA last week said that rising demand for crude oil reversed course in july and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the delta variant.oil prices rise on signs of tightening suppliesmoney managers reduced their net-long U.S. crude futures and options holdings in the week to aug. 10, the U.S. commodity futures trading commission (CFTC) said on friday. speculators also cut their futures and options positions in new york and london by 21,777 contracts to 283,601 over the period, the CFTC said.""with COVID cases rising the demand outlook is looking unclear, so traders are increasingly wary about hedging and locking in prices,"" said phil flynn, analyst at price futures group.', 'NEW YORK oil prices slipped more than 1pc on monday, paring steep losses on weak chinese economic data after sources told reuters that OPEC and its allies believe the markets do not need more oil than they plan to release in the coming months.brent crude was down 80 cents, or 1.1pc, at $69.79 a barrel by 1 10 p.m. EDT (1710 GMT) after falling to $68.14 earlier in the sessions. U.S. oil fell by 87 cents, or 1.3pc, to $67.57 after reaching lows of $65.73. the market had dropped more than 3pc earlier in the session after data showed chinese factory output and retail sales growth slowed sharply in july, missing expectations as flooding and fresh outbreaks of COVID-19 disrupted business activity.crude oil processing in china, the world biggest oil importer, last month also fell to its lowest level on a daily basis since may 2020 as independent refiners cut production in the face of tighter quotas, elevated inventories and falling profits. oil prices slide as chinese fuel demand falters""(Concerns) about the spread of the delta variant in china and the effects this will have on oil demand are continuing to weigh on prices,"" commerzbank said in a note. however, prices rebounded slightly after sources from OPEC+, which comprises of the organization of the petroleum exporting countries and its allies, said there was no need to release more oil despite U.S. pressure to add supplies to check an oil price rise.OPEC+ agreed in july to boost output by 400,000 barrels per day a month starting in august until its current oil output reductions of 5.8 million bpd are fully phased out.two of the OPEC+ sources said the latest data from OPEC and from the west energy watchdog - the international energy agency (IEA) - also indicated there was no need for extra oil. the IEA last week said that rising demand for crude oil reversed course in july and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the delta variant.oil prices rise on signs of tightening suppliesmoney managers reduced their net-long U.S. crude futures and options holdings in the week to aug. 10, the U.S. commodity futures trading commission (CFTC) said on friday. speculators also cut their futures and options positions in new york and london by 21,777 contracts to 283,601 over the period, the CFTC said.""with COVID cases rising the demand outlook is looking unclear, so traders are increasingly wary about hedging and locking in prices,"" said phil flynn, analyst at price futures group.', 'LONDON oil prices fell by about 2% on monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in china in an indication that COVID-19 outbreaks are crimping the world second-largest economy.brent crude was down $1.22, or 1.7%, at $69.37 a barrel by 1211 GMT. U.S. oil fell by $1.35, or 2%, to $67.09. chinese factory output and retail sales growth slowed sharply in july, data showed, missing expectations as flooding and fresh outbreaks of COVID-19 disrupted business activity.china crude oil processing last month also fell to the lowest level on a daily basis since may 2020 as independent refiners cut production in the face of tighter quotas, elevated inventories and falling profits. china is the world biggest oil importer.""(Concerns) about the spread of the delta variant in china and the effects this will have on oil demand are continuing to weigh on prices,"" commerzbank said in a note. doubts about the speed of economic recovery were also heightened after U.S. consumer sentiment dropped sharply in early august to its lowest in a decade, a university of michigan survey showed late last week.oil prices slide as chinese fuel demand faltersthe international energy agency (IEA) last week said that rising demand for crude oil reversed course in july and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the delta variant.money managers reduced their net-long U.S. crude futures and options holdings in the week to aug. 10, the U.S. commodity futures trading commission (CFTC) said on friday. speculators also cut their futures and options positions in new york and london by 21,777 contracts to 283,601 over the period, the CFTC said.', 'LONDON oil prices fell by about 2% on monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in china in an indication that COVID-19 outbreaks are crimping the world second-largest economy.brent crude was down $1.22, or 1.7%, at $69.37 a barrel by 1211 GMT. U.S. oil fell by $1.35, or 2%, to $67.09. chinese factory output and retail sales growth slowed sharply in july, data showed, missing expectations as flooding and fresh outbreaks of COVID-19 disrupted business activity.china crude oil processing last month also fell to the lowest level on a daily basis since may 2020 as independent refiners cut production in the face of tighter quotas, elevated inventories and falling profits. china is the world biggest oil importer.""(Concerns) about the spread of the delta variant in china and the effects this will have on oil demand are continuing to weigh on prices,"" commerzbank said in a note. doubts about the speed of economic recovery were also heightened after U.S. consumer sentiment dropped sharply in early august to its lowest in a decade, a university of michigan survey showed late last week.oil prices slide as chinese fuel demand faltersthe international energy agency (IEA) last week said that rising demand for crude oil reversed course in july and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the delta variant.money managers reduced their net-long U.S. crude futures and options holdings in the week to aug. 10, the U.S. commodity futures trading commission (CFTC) said on friday. speculators also cut their futures and options positions in new york and london by 21,777 contracts to 283,601 over the period, the CFTC said.']","['https://www.brecorder.com/news/40113745/brent-oil-may-fall-to-6907', 'https://www.brecorder.com/news/40113718/oil-prices-slide-as-chinese-fuel-demand-falters', 'https://www.brecorder.com/news/40113718/oil-prices-slide-as-chinese-fuel-demand-falters', 'https://www.brecorder.com/news/40113804/oil-prices-loses-as-opec-sees-no-need-for-more-supply-hikes', 'https://www.brecorder.com/news/40113804/oil-prices-loses-as-opec-sees-no-need-for-more-supply-hikes', 'https://www.brecorder.com/news/40113782/oil-prices-drop-amid-faltering-demand-outlook-in-china', 'https://www.brecorder.com/news/40113782/oil-prices-drop-amid-faltering-demand-outlook-in-china']","['brent, , ']","['oil prices slide', 'oil prices fell', 'oil prices slide', 'oil prices slip', 'oil prices slide', 'oil prices fell', 'oil prices slide']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg', 'neg']",90.67,"[0.36, -5.33, 0.36, -1.78, 0.36, -5.33, 0.36]",-1.57,-1,-3,3,3,"{
  ""Trading Recommendation"": ""Hold"",
  ""Rationale"": ""The technical indicators provide mixed signals, with EMA55 and EMA9 suggesting a sell while MACD and RSI indicating a buy. Given the conflicting signals and the neutral news impact, we recommend holding the position and monitoring the market closely for further clarity.""
}"
8/17/2021,"['Oil prices weighed down by weak Asian demand', 'Oil prices weighed down by weak Asian demand']","['oil prices weighed down by weak asian demand', 'oil prices weighed down by weak asian demand']","['Business Recorder', 'Business Recorder']","[""LONDON: Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in Asia and OPEC and its allies saying the market does not need more crude.Brent crude was down 18 cents, or 0.2%, at $69.33 per barrel as of 1247 GMT, after rising as high as $69.77 earlier in the session.US West Intermediate crude (WTI) slid 33 cents, or 0.4%, to $66.96 a barrel, after reaching $67.66 earlier.On the demand side, daily crude processing in China, the world's biggest oil importer, fell to its lowest in July since May 2020 as independent plants slashed production amid tighter quotas, high inventories and weakening profits.China's factory output and retail sales growth also slowed sharply and missed expectations in July, as new COVID-19 outbreaks and floods disrupted businesses. Oil prices slide as Chinese fuel demand falters Hedge funds sold petroleum last week for the sixth time in eight weeks as resurgent coronavirus infections in China, Europe and North America dampened hopes of a rapid resumption in long-distance air travel.Japan was set to extend and widen restrictions in Tokyo and elsewhere while New Zealand entered a new lockdown on Tuesday after the country's first coronavirus case in six months was reported.On the supply side, US shale oil output is expected to rise to 8.1 million barrels per day (bpd) in September, the highest since April 2020, according government data.Last week, US President Joe Biden's administration urged OPEC+, which groups members of the Organization of the Petroleum Exporting Countries and other producers such as Russia, to boost oil output to tackle rising gasoline prices.But four sources told Reuters that the group believes oil markets do not need more crude than they plan to release in the coming months."", ""LONDON: Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in Asia and OPEC and its allies saying the market does not need more crude.Brent crude was down 18 cents, or 0.2%, at $69.33 per barrel as of 1247 GMT, after rising as high as $69.77 earlier in the session.US West Intermediate crude (WTI) slid 33 cents, or 0.4%, to $66.96 a barrel, after reaching $67.66 earlier.On the demand side, daily crude processing in China, the world's biggest oil importer, fell to its lowest in July since May 2020 as independent plants slashed production amid tighter quotas, high inventories and weakening profits.China's factory output and retail sales growth also slowed sharply and missed expectations in July, as new COVID-19 outbreaks and floods disrupted businesses. Oil prices slide as Chinese fuel demand falters Hedge funds sold petroleum last week for the sixth time in eight weeks as resurgent coronavirus infections in China, Europe and North America dampened hopes of a rapid resumption in long-distance air travel.Japan was set to extend and widen restrictions in Tokyo and elsewhere while New Zealand entered a new lockdown on Tuesday after the country's first coronavirus case in six months was reported.On the supply side, US shale oil output is expected to rise to 8.1 million barrels per day (bpd) in September, the highest since April 2020, according government data.Last week, US President Joe Biden's administration urged OPEC+, which groups members of the Organization of the Petroleum Exporting Countries and other producers such as Russia, to boost oil output to tackle rising gasoline prices.But four sources told Reuters that the group believes oil markets do not need more crude than they plan to release in the coming months.""]","['LONDON oil prices fell on tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in asia and OPEC and its allies saying the market does not need more crude.brent crude was down 18 cents, or 0.2%, at $69.33 per barrel as of 1247 GMT, after rising as high as $69.77 earlier in the session.US west intermediate crude (WTI) slid 33 cents, or 0.4%, to $66.96 a barrel, after reaching $67.66 earlier.on the demand side, daily crude processing in china, the world biggest oil importer, fell to its lowest in july since may 2020 as independent plants slashed production amid tighter quotas, high inventories and weakening profits.china factory output and retail sales growth also slowed sharply and missed expectations in july, as new COVID-19 outbreaks and floods disrupted businesses. oil prices slide as chinese fuel demand falters hedge funds sold petroleum last week for the sixth time in eight weeks as resurgent coronavirus infections in china, europe and north america dampened hopes of a rapid resumption in long-distance air travel.japan was set to extend and widen restrictions in tokyo and elsewhere while new zealand entered a new lockdown on tuesday after the country first coronavirus case in six months was reported.on the supply side, US shale oil output is expected to rise to 8.1 million barrels per day (bpd) in september, the highest since april 2020, according government data.last week, US president joe biden administration urged OPEC+, which groups members of the organization of the petroleum exporting countries and other producers such as russia, to boost oil output to tackle rising gasoline prices.but four sources told reuters that the group believes oil markets do not need more crude than they plan to release in the coming months.', 'LONDON oil prices fell on tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in asia and OPEC and its allies saying the market does not need more crude.brent crude was down 18 cents, or 0.2%, at $69.33 per barrel as of 1247 GMT, after rising as high as $69.77 earlier in the session.US west intermediate crude (WTI) slid 33 cents, or 0.4%, to $66.96 a barrel, after reaching $67.66 earlier.on the demand side, daily crude processing in china, the world biggest oil importer, fell to its lowest in july since may 2020 as independent plants slashed production amid tighter quotas, high inventories and weakening profits.china factory output and retail sales growth also slowed sharply and missed expectations in july, as new COVID-19 outbreaks and floods disrupted businesses. oil prices slide as chinese fuel demand falters hedge funds sold petroleum last week for the sixth time in eight weeks as resurgent coronavirus infections in china, europe and north america dampened hopes of a rapid resumption in long-distance air travel.japan was set to extend and widen restrictions in tokyo and elsewhere while new zealand entered a new lockdown on tuesday after the country first coronavirus case in six months was reported.on the supply side, US shale oil output is expected to rise to 8.1 million barrels per day (bpd) in september, the highest since april 2020, according government data.last week, US president joe biden administration urged OPEC+, which groups members of the organization of the petroleum exporting countries and other producers such as russia, to boost oil output to tackle rising gasoline prices.but four sources told reuters that the group believes oil markets do not need more crude than they plan to release in the coming months.']","['https://www.brecorder.com/news/40114059/oil-prices-weighed-down-by-weak-asian-demand', 'https://www.brecorder.com/news/40114059/oil-prices-weighed-down-by-weak-asian-demand']","['brent, , ']","['oil prices fell', 'oil prices slide']","['neg', 'neg']",90.89,"[-5.33, 0.36]",-2.48,-1,-3,3,2,"{
  ""Trading Recommendation"": ""Refrain from Market"",
  ""Rationale"": ""The technical indicators are mixed, with some indicating a buy and some indicating a sell. Given the conflicting signals, it is prudent to refrain from taking a clear trading position. Investors should exercise caution and monitor the market closely for clearer signals before making any decisions.""
}"
8/18/2021,"['Asia Naphtha/Gasoline-Naphtha inter-month spread narrows to multi-month low, crack cools']","['asia Naphtha/Gasoline-Naphtha inter-month spread narrows to multi-month low, crack cools']",['Business Recorder'],"[""NEW DELHI: Asia's naphtha crack eased on Tuesday, and the inter-month spread between first-half October and November narrowed in backwardation to its lowest since December 2020.The crack was at $120.55 per tonne, down from 124.90 a tonne in the last session, while the inter-month spread slimmed to $3 per tonne.Market participants said that increasing US light naphtha arbitrage, and declining ethylene prices may have pressured Asian cracks. For tenders, Indian Oil Corp (IOC) sold 35,000 tonne of naphtha loading Sept. 9 to 11 from Chennai to BP at a lower premium of $12 a tonne above its price formula, traders said. IOC had sold naphtha to SOCAR at a premium of $28.20 in July.Asia's gasoline crack also softened for a second consecutive day to $8.29 a barrel from $8.95 on Monday, as weak demand in the region weighed on margins.Refinery output in China, the world's leading oil importer, fell to its lowest in July since May 2020 as independent plants slashed production amid tighter quotas, high inventories and weakening profits. Denting consumption outlook further, Japan was set to extend its state of emergency in Tokyo and other regions to Sept. 12 and widen coronavirus curbs to seven more prefectures.Oil prices fell on Tuesday, with both WTI and Brent contracts heading for a fourth straight session of losses, weighed down by a weak demand outlook in Asia, and as OPEC and its allies said the market did not need more crude.""]","['NEW DELHI asia naphtha crack eased on tuesday, and the inter-month spread between first-half october and november narrowed in backwardation to its lowest since december 2020.the crack was at $120.55 per tonne, down from 124.90 a tonne in the last session, while the inter-month spread slimmed to $3 per tonne.market participants said that increasing US light naphtha arbitrage, and declining ethylene prices may have pressured asian cracks. for tenders, indian oil corp (IOC) sold 35,000 tonne of naphtha loading sept. 9 to 11 from chennai to BP at a lower premium of $12 a tonne above its price formula, traders said. IOC had sold naphtha to SOCAR at a premium of $28.20 in July.Asia gasoline crack also softened for a second consecutive day to $8.29 a barrel from $8.95 on monday, as weak demand in the region weighed on margins.refinery output in china, the world leading oil importer, fell to its lowest in july since may 2020 as independent plants slashed production amid tighter quotas, high inventories and weakening profits. denting consumption outlook further, japan was set to extend its state of emergency in tokyo and other regions to sept. 12 and widen coronavirus curbs to seven more prefectures.oil prices fell on tuesday, with both WTI and brent contracts heading for a fourth straight session of losses, weighed down by a weak demand outlook in asia, and as OPEC and its allies said the market did not need more crude.']",['https://www.brecorder.com/news/40114131/asia-naphthagasoline-naphtha-inter-month-spread-narrows-to-multi-month-low-crack-cools'],"['brent, , ']",['oil prices fell'],['neg'],90.89,[-5.33],-5.33,-1,-3,3,2,"{
  ""Trading Recommendation"": ""Refrain from Market"",
  ""Rationale"": ""The technical indicators are mixed, with some indicating a buy and some indicating a sell. Given the conflicting signals, it is prudent to refrain from taking a clear trading position. Investors should exercise caution and monitor the market closely for clearer signals before making any decisions.""
}"
8/19/2021,"['Oil slides as Covid-19 surge, firmer dollar overshadow US crude drawdown']","['oil slides as Covid-19 surge, firmer dollar overshadow US crude drawdown']",['Business Recorder'],"['NEW YORK: Oil prices fell about 1% on Wednesday after four straight days of declines, as investors remain worried about the outlook for fuel demand as COVID-19 cases surge worldwide and on rising strength in the US dollar.Brent crude was down 68 cents, or 1%, to $68.35 a barrel by 1:30 p.m. EDT (1730 GMT). US WTI crude oil lost $1.05, or 1.6%, to $65.54 a barrel.The US dollar index was up 0.1%, hitting its highest level since April. Crude prices often move inversely to the dollar because the commodity is priced in dollars; when the US currency rallies, it makes oil more expensive for foreign buyers.Oil markets have experienced several days of weakness due to the rise in infections caused by the Delta variant of the coronavirus both in the United States and worldwide. Several countries have re-introduced travel restrictions and air traffic has softened in recent weeks.The market was helped by a bigger-than-expected drawdown in US crude inventories, which fell 3.2 million barrels last week to 435.5 million barrels, their lowest since January 2020. Gasoline stocks, however, rose modestly, which kept the market from moving up given ongoing worries about coronavirus.“The market is being dragged down on a disappointing gasoline inventory build as we make our way into the Labor Day weekend,â€Â\x9d said Andy Lipow, president of Lipow Oil Associates in Houston, Texas, referring to the Sept. 6 US holiday.The four-week average of overall US product supplied to the market - a measure of demand - was 20.8 million barrels per day, in line with pre-coronavirus levels from 2019. Gasoline product supplied was 9.5 million bpd, just 1% below 2019 levels. US fuel demand has steadily increased throughout the year as consumers have resumed activities with vaccination rates going up.']","['NEW YORK oil prices fell about 1% on wednesday after four straight days of declines, as investors remain worried about the outlook for fuel demand as COVID-19 cases surge worldwide and on rising strength in the US dollar.brent crude was down 68 cents, or 1%, to $68.35 a barrel by 1 30 p.m. EDT (1730 GMT). US WTI crude oil lost $1.05, or 1.6%, to $65.54 a barrel.the US dollar index was up 0.1%, hitting its highest level since april. crude prices often move inversely to the dollar because the commodity is priced in dollars when the US currency rallies, it makes oil more expensive for foreign buyers.oil markets have experienced several days of weakness due to the rise in infections caused by the delta variant of the coronavirus both in the united states and worldwide. several countries have re-introduced travel restrictions and air traffic has softened in recent weeks.the market was helped by a bigger-than-expected drawdown in US crude inventories, which fell 3.2 million barrels last week to 435.5 million barrels, their lowest since january 2020. gasoline stocks, however, rose modestly, which kept the market from moving up given ongoing worries about coronavirus.the market is being dragged down on a disappointing gasoline inventory build as we make our way into the labor day weekend, said andy lipow, president of lipow oil associates in houston, texas, referring to the sept. 6 US holiday.the four-week average of overall US product supplied to the market - a measure of demand - was 20.8 million barrels per day, in line with pre-coronavirus levels from 2019. gasoline product supplied was 9.5 million bpd, just 1% below 2019 levels. US fuel demand has steadily increased throughout the year as consumers have resumed activities with vaccination rates going up.']",['https://www.brecorder.com/news/40114319/oil-slides-as-covid-19-surge-firmer-dollar-overshadow-us-crude-drawdown'],"['brent, , ']",['oil prices fell'],['neg'],90.89,[-5.33],-5.33,-1,-3,3,2,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The overall news sentiment indicates a significantly negative impact, which aligns with the market signal. Therefore, we recommend selling positions in the market to mitigate potential losses.""
}"
8/23/2021,"['Oil heads for 7pc weekly slide as the Delta variant spreads', 'Oil jumps 3% on weaker dollar after seven days of losses', 'Oil jumps 3% on weaker dollar after seven days of losses', 'Oil jumps 5% on weaker dollar after seven days of losses', 'Rouble and equities strengthen as oil prices recover', 'Oil jumps 3% on weaker dollar after seven days of losses', 'Oil jumps 3% on weaker dollar after seven days of losses']","['oil heads for 7pc weekly slide as the delta variant spreads', 'oil jumps 3% on weaker dollar after seven days of losses', 'oil jumps 3% on weaker dollar after seven days of losses', 'oil jumps 5% on weaker dollar after seven days of losses', 'rouble and equities strengthen as oil prices recover', 'oil jumps 3% on weaker dollar after seven days of losses', 'oil jumps 3% on weaker dollar after seven days of losses']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Tribune', 'Tribune']","['NEW YORK: Oil prices fell for a seventh straight session on Friday towards three-month lows as investors became less bullish about fuel demand due to a surge in cases of the COVID-19 Delta variant that is hitting travel.Brent crude fell $1.03, or 1.6%, to $65.42 a barrel by 11:55 a.m. EDT (1555 GMT), near its lowest since May and down about 7% for the week.US West Texas Intermediate (WTI) crude for September, due to expire on Friday, fell $1.07, or 1.7%, to $62.62 a barrel and was down almost 8% for the week.China, the world\'s largest crude importer, has imposed new restrictions with its ""zero tolerance"" coronavirus policy which is affecting shipping and global supply chains. The United States and China have also imposed tit-for-tat flight capacity restrictions.""They are acting severely for minimal outbreaks which is a direct threat for the demand profile there,"" said John Kilduff, partner at Again Capital LLC in New York.Several US several firms, meanwhile, have delayed return-to-office plans as Delta cases spike and countries across Asia are reimposing lockdowns. Apple Inc, the largest US company by market value, is delaying the return of its workers until early 2022, Bloomberg reported.""The (energy) complex has run into a multi-faceted headwind this week ... a further strengthening in the US dollar that has combined with ongoing concerns over up-trends in coronavirus cases,"" said Jim Ritterbusch, president of Ritterbusch and Associates LLC in Galena, Illinois.The US dollar hit a nine-month high on signs the US Federal Reserve is considering reducing stimulus this year. Oil prices move inversely to the US currency, making oil more expensive for foreign purchasers when the dollar rallies.Oil demand could also fall as the period of peak US gasoline demand nears its end and European summer holidays come to a close.Lockdowns in other in major economies around the world have likely harmed the economic activities and growth forecasts in the months to come, said Margaret Yang, a strategist at Singapore-based DailyFX.""Japan has extended its emergency lockdown and confirmed cases are on the rise in countries such as South Korea, Malaysia, Philippines, Vietnam and Thailand, whose industries need oil, which will also be affected by the Delta variant,"" Yang added. Delta variant outbreaks in Australia and New Zealand have also sparked strict lockdowns.', 'LONDON: Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant.Brent crude climbed $2.15, or 3.2%, to $67.33 a barrel by 1052 GMT after touching its lowest since May 21 at $64.60.US West Texas Intermediate (WTI) crude for October delivery rose $2.01, or 3.1%, to $64.15.Both benchmarks marked their biggest week of losses in more than nine months last week, with Brent sliding about 8% and WTI about 9%.Many nations are responding to the rising coronavirus infection rate by introducing new travel restrictions. Oil drops below $70 as US urges OPEC+ to pump more ""We expect to see more adjustments this week, but the market sentiment will likely remain bearish, with growing concerns over slower fuel demand worldwide,"" said Kazuhiko Saito, chief analyst at Fujitomi Securities.China, the world\'s largest oil importer, has imposed new restrictions, which is affecting shipping and global supply chains. The United States and China have also imposed restrictions on flight capacity.While the pandemic drags on fuel demand, supply is steadily increasing. US production rose and drilling companies added rigs for the third week in a row, services company Baker Hughes said.But a slide in the US dollar provided some support, making crude less expensive for holders of other currencies.""A softer dollar prompted investors to rewind their positions,"" said Chiyoki Chen, chief analyst at Sunward Trading.The dollar index, which measures the currency against six peers, traded at 93.349, down slightly after hitting its highest in more than nine months on Friday at 93.734.Investors were also adjusting their positions before the US Federal Reserve\'s annual Jackson Hole symposium in Wyoming on Friday.""While the virus remains a threat to the short-term demand outlook, despite signs of an improving situation in China, this week\'s Jackson Hole summit may give the market some ideas about the timing of tapering,"" said Ole Hansen, Saxo Bank\'s head of commodity strategy, referring to an expected reduction in monetary stimulus for the economy.', 'LONDON: Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant.Brent crude climbed $2.15, or 3.2%, to $67.33 a barrel by 1052 GMT after touching its lowest since May 21 at $64.60.US West Texas Intermediate (WTI) crude for October delivery rose $2.01, or 3.1%, to $64.15.Both benchmarks marked their biggest week of losses in more than nine months last week, with Brent sliding about 8% and WTI about 9%.Many nations are responding to the rising coronavirus infection rate by introducing new travel restrictions. Oil drops below $70 as US urges OPEC+ to pump more ""We expect to see more adjustments this week, but the market sentiment will likely remain bearish, with growing concerns over slower fuel demand worldwide,"" said Kazuhiko Saito, chief analyst at Fujitomi Securities.China, the world\'s largest oil importer, has imposed new restrictions, which is affecting shipping and global supply chains. The United States and China have also imposed restrictions on flight capacity.While the pandemic drags on fuel demand, supply is steadily increasing. US production rose and drilling companies added rigs for the third week in a row, services company Baker Hughes said.But a slide in the US dollar provided some support, making crude less expensive for holders of other currencies.""A softer dollar prompted investors to rewind their positions,"" said Chiyoki Chen, chief analyst at Sunward Trading.The dollar index, which measures the currency against six peers, traded at 93.349, down slightly after hitting its highest in more than nine months on Friday at 93.734.Investors were also adjusting their positions before the US Federal Reserve\'s annual Jackson Hole symposium in Wyoming on Friday.""While the virus remains a threat to the short-term demand outlook, despite signs of an improving situation in China, this week\'s Jackson Hole summit may give the market some ideas about the timing of tapering,"" said Ole Hansen, Saxo Bank\'s head of commodity strategy, referring to an expected reduction in monetary stimulus for the economy.', 'NEW YORK: Oil prices rose more than 5% on Monday, recovering from a seven-day losing streak due to a weaker dollar and strength in global equities markets.Brent crude climbed $3.27, or 5%, to $68.45 a barrel by 10:40 a.m. ET after touching its lowest since May 21 at $64.60 earlier in the session.US West Texas Intermediate (WTI) crude for October delivery rose $3.31, or 5.3%, to $65.45.Both benchmarks marked their biggest week of losses in more than nine months last week, with Brent sliding about 8% and WTI about 9%.  But a drop in the US dollar provided a boost on Monday, making crude less expensive for holders of other currencies.""Although the oil complex has generally been able to shrug off strength in the stock market, the bullish combo of increased risk appetite and significant weakening in the US dollar indices represents a potent mix that oil has been forced to recognize"" said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois. Iran resumes fuel exports to Afghanistan after Taliban request The dollar index, which measures the currency against six peers, was down 0.4% after hitting its highest in more than nine months on Friday.The MSCI world equity index, which tracks shares in 50 countries, was up, after having its biggest weekly fall since June last week.Still, many nations are responding to the rising coronavirus infection rate by introducing new travel restrictions.""We expect to see more adjustments this week, but the market sentiment will likely remain bearish, with growing concerns over slower fuel demand worldwide,"" said Kazuhiko Saito, chief analyst at Fujitomi Securities.China, the world\'s largest oil importer, has imposed new restrictions, which is affecting shipping and global supply chains. The United States and China have also imposed restrictions on flight capacity.While the pandemic drags on fuel demand, supply is steadily increasing. US production rose and drilling companies added rigs for the third week in a row, services company Baker Hughes said.Investors were also adjusting their positions before the US Federal Reserve\'s annual Jackson Hole symposium in Wyoming on Friday.""While the virus remains a threat to the short-term demand outlook, despite signs of an improving situation in China, this week\'s Jackson Hole summit may give the market some ideas about the timing of tapering,"" said Ole Hansen, Saxo Bank\'s head of commodity strategy, referring to an expected reduction in monetary stimulus for the economy.', 'MOSCOW: The Russian rouble firmed on Monday, heading away from a one-month low against the dollar thanks to a recovery in oil prices that also buoyed equities markets.At 0719 GMT the rouble was up 0.2% against the dollar at 74.10, having hit 74.5950 on Friday for its weakest since July 20. Versus the euro, the rouble added 0.2% to 86.75.""We think the rouble could recover to USD/RUB 73.7 today amid a globally weak dollar,"" Sberbank CIB said in a note.There was little currency reaction to last Friday\'s meeting between President Vladimir Putin and German Chancellor Angela Merkel, who discussed jailed Kremlin critic Alexei Navalny, the Nord Stream 2 gas pipeline and Afghanistan.This week the market will be looking for clues on interest rates ahead of the Russian central bank\'s board meeting on Sept. 10. The bank raised its key rate last month by 100 basis points to 6.5% for its sharpest increase since 2014.As the central bank fights stubbornly high inflation with monetary tools, Putin on Sunday pledged one-off payments of 10,000 roubles ($134.90) and 15,000 roubles to military personnel ahead of September\'s parliamentary election.VTB Capital said the central bank is likely to view these payments as similar to the one-off remittance of 5,000 roubles in 2017, potentially accelerating inflation in the short term.Brent crude oil, a global benchmark for Russia\'s main export, was up 2% at $66.47 a barrel, supporting Russian markets. Oil was recovering from a seven-day losing streak as investors hunted for bargains and a softer dollar lent support, though anxiety over surging cases of the Delta coronavirus variant kept sentiment cautious.The dollar-denominated RTS index was up 1.3% at 1,644.1 points after a sharp drop last week. The rouble-based MOEX Russian index was 0.9% higher at 3,866.2 points, moving towards a record high of 3,949.07 hit last week.', 'LONDON:Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant.Brent crude climbed $2.15, or 3.2%, to $67.33 a barrel by 1052 GMT after touching its lowest since May 21 at $64.60.US West Texas Intermediate (WTI) crude for October delivery rose $2.01, or 3.1%, to $64.15.Both benchmarks marked their biggest week of losses in more than nine months last week, with Brent sliding about 8% and WTI about 9%.Many nations are responding to the rising coronavirus infection rate by introducing new travel restrictions.“We expect to see more adjustments this week, but the market sentiment will likely remain bearish, with growing concerns over slower fuel demand worldwide,â€ÂÂ\x9d said Kazuhiko Saito, chief analyst at Fujitomi Securities.China, the world’s largest oil importer, has imposed new restrictions, which is affecting shipping and global supply chains. The United States and China have also imposed restrictions on flight capacity.While the pandemic drags on fuel demand, supply is steadily increasing. US production rose and drilling companies added rigs for the third week in a row, services company Baker Hughes said.But a slide in the US dollar provided some support, making crude less expensive for holders of other currencies.“A softer dollar prompted investors to rewind their positions,â€ÂÂ\x9d said Chiyoki Chen, chief analyst at Sunward Trading.The dollar index, which measures the currency against six peers, traded at 93.349, down slightly after hitting its highest in more than nine months on Friday at 93.734.Investors were also adjusting their positions before the US Federal Reserve’s annual Jackson Hole symposium in Wyoming on Friday.“While the virus remains a threat to the short-term demand outlook, despite signs of an improving situation in China, this week’s Jackson Hole summit may give the market some ideas about the timing of tapering,â€ÂÂ\x9d said Ole Hansen, Saxo Bank’s head of commodity strategy, referring to an expected reduction in monetary stimulus for the economy.', 'LONDON:Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant.Brent crude climbed $2.15, or 3.2%, to $67.33 a barrel by 1052 GMT after touching its lowest since May 21 at $64.60.US West Texas Intermediate (WTI) crude for October delivery rose $2.01, or 3.1%, to $64.15.Both benchmarks marked their biggest week of losses in more than nine months last week, with Brent sliding about 8% and WTI about 9%.Many nations are responding to the rising coronavirus infection rate by introducing new travel restrictions.“We expect to see more adjustments this week, but the market sentiment will likely remain bearish, with growing concerns over slower fuel demand worldwide,â€ÂÂ\x9d said Kazuhiko Saito, chief analyst at Fujitomi Securities.China, the world’s largest oil importer, has imposed new restrictions, which is affecting shipping and global supply chains. The United States and China have also imposed restrictions on flight capacity.While the pandemic drags on fuel demand, supply is steadily increasing. US production rose and drilling companies added rigs for the third week in a row, services company Baker Hughes said.But a slide in the US dollar provided some support, making crude less expensive for holders of other currencies.“A softer dollar prompted investors to rewind their positions,â€ÂÂ\x9d said Chiyoki Chen, chief analyst at Sunward Trading.The dollar index, which measures the currency against six peers, traded at 93.349, down slightly after hitting its highest in more than nine months on Friday at 93.734.Investors were also adjusting their positions before the US Federal Reserve’s annual Jackson Hole symposium in Wyoming on Friday.“While the virus remains a threat to the short-term demand outlook, despite signs of an improving situation in China, this week’s Jackson Hole summit may give the market some ideas about the timing of tapering,â€ÂÂ\x9d said Ole Hansen, Saxo Bank’s head of commodity strategy, referring to an expected reduction in monetary stimulus for the economy.']","['NEW YORK oil prices fell for a seventh straight session on friday towards three-month lows as investors became less bullish about fuel demand due to a surge in cases of the COVID-19 delta variant that is hitting travel.brent crude fell $1.03, or 1.6%, to $65.42 a barrel by 11 55 a.m. EDT (1555 GMT), near its lowest since may and down about 7% for the week.US west texas intermediate (WTI) crude for september, due to expire on friday, fell $1.07, or 1.7%, to $62.62 a barrel and was down almost 8% for the week.china, the world largest crude importer, has imposed new restrictions with its ""zero tolerance"" coronavirus policy which is affecting shipping and global supply chains. the united states and china have also imposed tit-for-tat flight capacity restrictions.""they are acting severely for minimal outbreaks which is a direct threat for the demand profile there,"" said john kilduff, partner at again capital LLC in new York.Several US several firms, meanwhile, have delayed return-to-office plans as delta cases spike and countries across asia are reimposing lockdowns. apple inc, the largest US company by market value, is delaying the return of its workers until early 2022, bloomberg reported.""the (energy) complex has run into a multi-faceted headwind this week . a further strengthening in the US dollar that has combined with ongoing concerns over up-trends in coronavirus cases,"" said jim ritterbusch, president of ritterbusch and associates LLC in galena, Illinois.The US dollar hit a nine-month high on signs the US federal reserve is considering reducing stimulus this year. oil prices move inversely to the US currency, making oil more expensive for foreign purchasers when the dollar rallies.oil demand could also fall as the period of peak US gasoline demand nears its end and european summer holidays come to a close.lockdowns in other in major economies around the world have likely harmed the economic activities and growth forecasts in the months to come, said margaret yang, a strategist at Singapore-based DailyFX.""Japan has extended its emergency lockdown and confirmed cases are on the rise in countries such as south korea, malaysia, philippines, vietnam and thailand, whose industries need oil, which will also be affected by the delta variant,"" yang added. delta variant outbreaks in australia and new zealand have also sparked strict lockdowns.', 'LONDON oil prices jumped 3% on monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the delta coronavirus variant.brent crude climbed $2.15, or 3.2%, to $67.33 a barrel by 1052 GMT after touching its lowest since may 21 at $64.60.US west texas intermediate (WTI) crude for october delivery rose $2.01, or 3.1%, to $64.15.both benchmarks marked their biggest week of losses in more than nine months last week, with brent sliding about 8% and WTI about 9%.many nations are responding to the rising coronavirus infection rate by introducing new travel restrictions. oil drops below $70 as US urges OPEC+ to pump more ""we expect to see more adjustments this week, but the market sentiment will likely remain bearish, with growing concerns over slower fuel demand worldwide,"" said kazuhiko saito, chief analyst at fujitomi Securities.China, the world largest oil importer, has imposed new restrictions, which is affecting shipping and global supply chains. the united states and china have also imposed restrictions on flight capacity.while the pandemic drags on fuel demand, supply is steadily increasing. US production rose and drilling companies added rigs for the third week in a row, services company baker hughes said.but a slide in the US dollar provided some support, making crude less expensive for holders of other currencies.""a softer dollar prompted investors to rewind their positions,"" said chiyoki chen, chief analyst at sunward Trading.The dollar index, which measures the currency against six peers, traded at 93.349, down slightly after hitting its highest in more than nine months on friday at 93.734.investors were also adjusting their positions before the US federal reserve annual jackson hole symposium in wyoming on Friday.""While the virus remains a threat to the short-term demand outlook, despite signs of an improving situation in china, this week jackson hole summit may give the market some ideas about the timing of tapering,"" said ole hansen, saxo bank head of commodity strategy, referring to an expected reduction in monetary stimulus for the economy.', 'LONDON oil prices jumped 3% on monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the delta coronavirus variant.brent crude climbed $2.15, or 3.2%, to $67.33 a barrel by 1052 GMT after touching its lowest since may 21 at $64.60.US west texas intermediate (WTI) crude for october delivery rose $2.01, or 3.1%, to $64.15.both benchmarks marked their biggest week of losses in more than nine months last week, with brent sliding about 8% and WTI about 9%.many nations are responding to the rising coronavirus infection rate by introducing new travel restrictions. oil drops below $70 as US urges OPEC+ to pump more ""we expect to see more adjustments this week, but the market sentiment will likely remain bearish, with growing concerns over slower fuel demand worldwide,"" said kazuhiko saito, chief analyst at fujitomi Securities.China, the world largest oil importer, has imposed new restrictions, which is affecting shipping and global supply chains. the united states and china have also imposed restrictions on flight capacity.while the pandemic drags on fuel demand, supply is steadily increasing. US production rose and drilling companies added rigs for the third week in a row, services company baker hughes said.but a slide in the US dollar provided some support, making crude less expensive for holders of other currencies.""a softer dollar prompted investors to rewind their positions,"" said chiyoki chen, chief analyst at sunward Trading.The dollar index, which measures the currency against six peers, traded at 93.349, down slightly after hitting its highest in more than nine months on friday at 93.734.investors were also adjusting their positions before the US federal reserve annual jackson hole symposium in wyoming on Friday.""While the virus remains a threat to the short-term demand outlook, despite signs of an improving situation in china, this week jackson hole summit may give the market some ideas about the timing of tapering,"" said ole hansen, saxo bank head of commodity strategy, referring to an expected reduction in monetary stimulus for the economy.', 'NEW YORK oil prices rose more than 5% on monday, recovering from a seven-day losing streak due to a weaker dollar and strength in global equities markets.brent crude climbed $3.27, or 5%, to $68.45 a barrel by 10 40 a.m. ET after touching its lowest since may 21 at $64.60 earlier in the session.US west texas intermediate (WTI) crude for october delivery rose $3.31, or 5.3%, to $65.45.both benchmarks marked their biggest week of losses in more than nine months last week, with brent sliding about 8% and WTI about 9%. but a drop in the US dollar provided a boost on monday, making crude less expensive for holders of other currencies.""although the oil complex has generally been able to shrug off strength in the stock market, the bullish combo of increased risk appetite and significant weakening in the US dollar indices represents a potent mix that oil has been forced to recognize"" said jim ritterbusch, president of ritterbusch and associates in galena, illinois. iran resumes fuel exports to afghanistan after taliban request the dollar index, which measures the currency against six peers, was down 0.4% after hitting its highest in more than nine months on Friday.The MSCI world equity index, which tracks shares in 50 countries, was up, after having its biggest weekly fall since june last week.still, many nations are responding to the rising coronavirus infection rate by introducing new travel restrictions.""we expect to see more adjustments this week, but the market sentiment will likely remain bearish, with growing concerns over slower fuel demand worldwide,"" said kazuhiko saito, chief analyst at fujitomi Securities.China, the world largest oil importer, has imposed new restrictions, which is affecting shipping and global supply chains. the united states and china have also imposed restrictions on flight capacity.while the pandemic drags on fuel demand, supply is steadily increasing. US production rose and drilling companies added rigs for the third week in a row, services company baker hughes said.investors were also adjusting their positions before the US federal reserve annual jackson hole symposium in wyoming on Friday.""While the virus remains a threat to the short-term demand outlook, despite signs of an improving situation in china, this week jackson hole summit may give the market some ideas about the timing of tapering,"" said ole hansen, saxo bank head of commodity strategy, referring to an expected reduction in monetary stimulus for the economy.', 'MOSCOW the russian rouble firmed on monday, heading away from a one-month low against the dollar thanks to a recovery in oil prices that also buoyed equities markets.at 0719 GMT the rouble was up 0.2% against the dollar at 74.10, having hit 74.5950 on friday for its weakest since july 20. versus the euro, the rouble added 0.2% to 86.75.""we think the rouble could recover to USD/RUB 73.7 today amid a globally weak dollar,"" sberbank CIB said in a note.there was little currency reaction to last friday meeting between president vladimir putin and german chancellor angela merkel, who discussed jailed kremlin critic alexei navalny, the nord stream 2 gas pipeline and Afghanistan.This week the market will be looking for clues on interest rates ahead of the russian central bank board meeting on sept. 10. the bank raised its key rate last month by 100 basis points to 6.5% for its sharpest increase since 2014.as the central bank fights stubbornly high inflation with monetary tools, putin on sunday pledged one-off payments of 10,000 roubles ($134.90) and 15,000 roubles to military personnel ahead of september parliamentary election.VTB capital said the central bank is likely to view these payments as similar to the one-off remittance of 5,000 roubles in 2017, potentially accelerating inflation in the short term.brent crude oil, a global benchmark for russia main export, was up 2% at $66.47 a barrel, supporting russian markets. oil was recovering from a seven-day losing streak as investors hunted for bargains and a softer dollar lent support, though anxiety over surging cases of the delta coronavirus variant kept sentiment cautious.the dollar-denominated RTS index was up 1.3% at 1,644.1 points after a sharp drop last week. the rouble-based MOEX russian index was 0.9% higher at 3,866.2 points, moving towards a record high of 3,949.07 hit last week.', 'LONDON oil prices jumped 3% on monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the delta coronavirus variant.brent crude climbed $2.15, or 3.2%, to $67.33 a barrel by 1052 GMT after touching its lowest since may 21 at $64.60.US west texas intermediate (WTI) crude for october delivery rose $2.01, or 3.1%, to $64.15.both benchmarks marked their biggest week of losses in more than nine months last week, with brent sliding about 8% and WTI about 9%.many nations are responding to the rising coronavirus infection rate by introducing new travel restrictions.we expect to see more adjustments this week, but the market sentiment will likely remain bearish, with growing concerns over slower fuel demand worldwide, said kazuhiko saito, chief analyst at fujitomi Securities.China, the worlds largest oil importer, has imposed new restrictions, which is affecting shipping and global supply chains. the united states and china have also imposed restrictions on flight capacity.while the pandemic drags on fuel demand, supply is steadily increasing. US production rose and drilling companies added rigs for the third week in a row, services company baker hughes said.but a slide in the US dollar provided some support, making crude less expensive for holders of other currencies.a softer dollar prompted investors to rewind their positions, said chiyoki chen, chief analyst at sunward Trading.The dollar index, which measures the currency against six peers, traded at 93.349, down slightly after hitting its highest in more than nine months on friday at 93.734.investors were also adjusting their positions before the US federal reserves annual jackson hole symposium in wyoming on Friday.While the virus remains a threat to the short-term demand outlook, despite signs of an improving situation in china, this weeks jackson hole summit may give the market some ideas about the timing of tapering, said ole hansen, saxo banks head of commodity strategy, referring to an expected reduction in monetary stimulus for the economy.', 'LONDON oil prices jumped 3% on monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the delta coronavirus variant.brent crude climbed $2.15, or 3.2%, to $67.33 a barrel by 1052 GMT after touching its lowest since may 21 at $64.60.US west texas intermediate (WTI) crude for october delivery rose $2.01, or 3.1%, to $64.15.both benchmarks marked their biggest week of losses in more than nine months last week, with brent sliding about 8% and WTI about 9%.many nations are responding to the rising coronavirus infection rate by introducing new travel restrictions.we expect to see more adjustments this week, but the market sentiment will likely remain bearish, with growing concerns over slower fuel demand worldwide, said kazuhiko saito, chief analyst at fujitomi Securities.China, the worlds largest oil importer, has imposed new restrictions, which is affecting shipping and global supply chains. the united states and china have also imposed restrictions on flight capacity.while the pandemic drags on fuel demand, supply is steadily increasing. US production rose and drilling companies added rigs for the third week in a row, services company baker hughes said.but a slide in the US dollar provided some support, making crude less expensive for holders of other currencies.a softer dollar prompted investors to rewind their positions, said chiyoki chen, chief analyst at sunward Trading.The dollar index, which measures the currency against six peers, traded at 93.349, down slightly after hitting its highest in more than nine months on friday at 93.734.investors were also adjusting their positions before the US federal reserves annual jackson hole symposium in wyoming on Friday.While the virus remains a threat to the short-term demand outlook, despite signs of an improving situation in china, this weeks jackson hole summit may give the market some ideas about the timing of tapering, said ole hansen, saxo banks head of commodity strategy, referring to an expected reduction in monetary stimulus for the economy.']","['https://www.brecorder.com/news/40114572/oil-heads-for-7pc-weekly-slide-as-the-delta-variant-spreads', 'https://www.brecorder.com/news/40115017/oil-jumps-3-on-weaker-dollar-after-seven-days-of-losses', 'https://www.brecorder.com/news/40115017/oil-jumps-3-on-weaker-dollar-after-seven-days-of-losses', 'https://www.brecorder.com/news/40115041/oil-jumps-5-on-weaker-dollar-after-seven-days-of-losses', 'https://www.brecorder.com/news/40114983/rouble-and-equities-strengthen-as-oil-prices-recover', 'https://tribune.com.pk/story/2316851/oil-jumps-3-on-weaker-dollar-after-seven-days-of-losses', 'https://tribune.com.pk/story/2316851/oil-jumps-3-on-weaker-dollar-after-seven-days-of-losses']","['brent, , ']","['oil prices fell', 'brent crude climbed', 'oil prices jumped', 'brent crude climbed', 'recovery in oil prices', 'brent crude climbed', 'oil prices jumped']","['neg', 'pos', 'pos', 'pos', 'pos', 'pos', 'pos']",93.42,"[-5.33, 4.35, 5.65, 4.35, 2.63, 4.35, 5.65]",3.09,-3,3,0,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The technical indicators suggest a sell signal, which aligns with the market signal. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market based on the technical indicators' indication.""
}"
8/25/2021,['Oil retreats after two-day rally on supply issues'],['oil retreats after two-day rally on supply issues'],['Business Recorder'],"['SINGAPORE: Oil prices fell on Wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of Mexico\'s production and signs that China, the world\'s biggest importer, has curbed a recent coronavirus outbreak.Brent crude futures dropped 25 cents, or 0.4%, to $70.80 a barrel by 0525 GMT, while US West Texas Intermediate (WTI) crude futures fell 28 cents, or 0.4%, to $67.26.Both benchmark contracts rose by about 8% over the previous two days, erasing most of the slump from a seven-day losing streak. US oil may stabilise around $66.96 and rise ""A second consecutive day of price rally in the crude market had also spurred some profit-taking, while American Petroleum Institute data showing a less-than-expected decline in US oil inventories last week added to the downward pressure,"" Vandana Hari said in a note to clients.Prices rallied following a more than 400,000 barrels per day drop in supply in Mexico after a fire on an oil platform, but the state oil firm said it expects to resume production by Aug. 30.""Brent crude should remain fairly supported here despite today\'s weakness as the oil market is still heavily in deficit and that won\'t change anytime soon,"" Edward Moya, senior market analyst at OANDA told Reuters.American Petroleum Institute data showed crude inventories fell 1.6 million barrels for the week ended Aug. 20, while gasoline stockpiles fell 1 million barrels, according to sources, who spoke on condition of anonymity.Analysts were expecting crude stockpiles to fall by 2.7 million barrel and gasoline stocks to drop by 1.6 million barrels, according to a Reuters poll.Official data from the US Energy Information Administration is due to be released on Wednesday at 1430 GMT.Last week\'s losses were driven by fears that the spread of the highly contagious Delta variant of the coronavirus in Asia would slow the region\'s economic recovery.""Oil has benefited from easing delta variant concerns with the world\'s two largest economies, the US and China, but that is not necessarily the case in Sydney and Japan,"" said Moya.In a promising sign that the spread of Delta infections was easing in China, the country on Wednesday reported just 20 new confirmed coronavirus cases for Aug. 24, down from 35 a day earlier.ANZ commodity analysts pointed to a pick-up in traffic in Beijing and Shanghai as evidence of the Delta variant being ""stamped out"".""Nevertheless, improvements in the airline industry may lag amid some ongoing restrictions,"" ANZ Research said in a note, adding that the loss of Mexican supply is equal to planned output increases in August from the Organization of the Petroleum Exporting Countries and its allies.']","['SINGAPORE oil prices fell on wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of mexico production and signs that china, the world biggest importer, has curbed a recent coronavirus outbreak.brent crude futures dropped 25 cents, or 0.4%, to $70.80 a barrel by 0525 GMT, while US west texas intermediate (WTI) crude futures fell 28 cents, or 0.4%, to $67.26.both benchmark contracts rose by about 8% over the previous two days, erasing most of the slump from a seven-day losing streak. US oil may stabilise around $66.96 and rise ""A second consecutive day of price rally in the crude market had also spurred some profit-taking, while american petroleum institute data showing a less-than-expected decline in US oil inventories last week added to the downward pressure,"" vandana hari said in a note to clients.prices rallied following a more than 400,000 barrels per day drop in supply in mexico after a fire on an oil platform, but the state oil firm said it expects to resume production by aug. 30.""brent crude should remain fairly supported here despite today weakness as the oil market is still heavily in deficit and that won\'t change anytime soon,"" edward moya, senior market analyst at OANDA told Reuters.American petroleum institute data showed crude inventories fell 1.6 million barrels for the week ended aug. 20, while gasoline stockpiles fell 1 million barrels, according to sources, who spoke on condition of anonymity.analysts were expecting crude stockpiles to fall by 2.7 million barrel and gasoline stocks to drop by 1.6 million barrels, according to a reuters poll.official data from the US energy information administration is due to be released on wednesday at 1430 GMT.Last week losses were driven by fears that the spread of the highly contagious delta variant of the coronavirus in asia would slow the region economic recovery.""oil has benefited from easing delta variant concerns with the world two largest economies, the US and china, but that is not necessarily the case in sydney and japan,"" said Moya.In a promising sign that the spread of delta infections was easing in china, the country on wednesday reported just 20 new confirmed coronavirus cases for aug. 24, down from 35 a day earlier.ANZ commodity analysts pointed to a pick-up in traffic in beijing and shanghai as evidence of the delta variant being ""stamped out"".""nevertheless, improvements in the airline industry may lag amid some ongoing restrictions,"" ANZ research said in a note, adding that the loss of mexican supply is equal to planned output increases in august from the organization of the petroleum exporting countries and its allies.']",['https://www.brecorder.com/news/40115588/oil-retreats-after-two-day-rally-on-supply-issues'],"['brent, , ']",['oil prices fell'],['neg'],92.79,[-5.33],-5.33,-3,3,-3,0,"{
  ""Trading Recommendation"": ""Strong Sell"",
  ""Rationale"": ""The overall news sentiment is significantly negative, and the market signal suggests a strong sell. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market altogether to mitigate potential losses.""
}"
8/26/2021,['Asian shares spooked by Delta spread as Jackson Hole looms'],['asian shares spooked by delta spread as jackson hole looms'],['Business Recorder'],"['HONG KONG: Asian shares retreated on Thursday, brushing off an upbeat Wall Street lead as the Delta coronavirus variant\'s spread darkened the regional mood while a South Korean interest rate hike put the focus on the global central bank outlook.Investors are mostly waiting for the Federal Reserve\'s Jackson Hole symposium on Friday and what central bank chair Jerome Powell might say about US tapering monetary stimulus.MSCI\'s broadest index of Asia-Pacific shares outside Japan dropped 0.60%, and US stock futures the S&P 500 e-minis, shed 0.14%.Chinese bluechips fell 1.47% and Hong Kong was down 1.32%, as a rally in tech names ran out of steam. The embattled Hang Seng Tech Index fell 2.41%.A profit warning from Evergrande, China\'s most indebted property developer sent its shares down 7.24%.Elsewhere, the Australian benchmark lost 0.7% as the country\'s new daily cases of COVID-19 topped 1,000 for the first time. Japan\'s Nikkei was little changed having spent the day flickering either side of flat.The Asian stock benchmark is still up around 3.5% on the week, having largely joined a global rally as investors look to the Fed\'s upcoming Jackson Hole symposium for assurances the central bank won\'t be rushing to tighten policy.However, Asia is lagging the rest of the world this year. The MSCI world equity index, which tracks shares in 50 countries, is sitting very close to record highs, while the MSCI Asia ex-Japan benchmark is off over 12% from its record highs hit in February.Overnight, US shares inched higher with the S&P 500 closing at its 51st record high of the year, gaining 0.22%.""Asia would be doing a lot better if it were not for the Delta outbreak. However, we\'ve seen at various times over the last 18 months where different regions have led and lagged depending on where they are in relation to COVID-19,"" said Shane Oliver, Chief Economist at AMP.South Korea on Thursday reported a jump in the number of critical or severe cases while infections hit records in Vietnam and the Philippines this week.POLICY CHANGESThe global inflationary pulse was also in the headlines as the South Korean central bank lifted its base rate off a record low, the first major economy in Asia to do so.Governor Lee Ju-yeol maintained his hawkish tone and suggested the bank could further tighten policy as data showed Asia\'s fourth-largest economy was overheating.Central banks around the world are laying the groundwork for a transition away from crisis-era stimulus as what began as emergency support for collapsing growth now overheats many economies.Investors and policymakers are particularly focused on what the Fed\'s Powell signals at Jackson Hole on Friday.""Ideally, the Fed would like to observe as long as possible, (and)...make sure that the economy is well on track towards growth,"" Raghuram Rajan, former RBI governor and finance professor at the University of Chicago Booth School of Business, told the Reuters Global Markets Forum on Wednesday. ""Of course, the problem is the Delta variant, plus whatever variants are lurking in the background.""Treasury yields rose in US hours though inched down again in Asia. The yield on benchmark 10-year Treasury notes was 1.3356% compared with its US close of 1.344% on Wednesday.The dollar was little changed sitting around a week-low against a basket of major peers, amid the more positive US mood.Oil prices fell on Thursday after three days of gains. US crude dipped 0.80% to $67.96 a barrel. Brent crude fell 0.57% to $71.93 per barrel.']","['HONG KONG asian shares retreated on thursday, brushing off an upbeat wall street lead as the delta coronavirus variant spread darkened the regional mood while a south korean interest rate hike put the focus on the global central bank outlook.investors are mostly waiting for the federal reserve jackson hole symposium on friday and what central bank chair jerome powell might say about US tapering monetary stimulus.MSCI broadest index of Asia-Pacific shares outside japan dropped 0.60%, and US stock futures the S&P 500 e-minis, shed 0.14%.chinese bluechips fell 1.47% and hong kong was down 1.32%, as a rally in tech names ran out of steam. the embattled hang seng tech index fell 2.41%.A profit warning from evergrande, china most indebted property developer sent its shares down 7.24%.elsewhere, the australian benchmark lost 0.7% as the country new daily cases of COVID-19 topped 1,000 for the first time. japan nikkei was little changed having spent the day flickering either side of flat.the asian stock benchmark is still up around 3.5% on the week, having largely joined a global rally as investors look to the fed upcoming jackson hole symposium for assurances the central bank won\'t be rushing to tighten policy.however, asia is lagging the rest of the world this year. the MSCI world equity index, which tracks shares in 50 countries, is sitting very close to record highs, while the MSCI asia ex-Japan benchmark is off over 12% from its record highs hit in February.Overnight, US shares inched higher with the S&P 500 closing at its 51st record high of the year, gaining 0.22%.""asia would be doing a lot better if it were not for the delta outbreak. however, we have seen at various times over the last 18 months where different regions have led and lagged depending on where they are in relation to COVID-19,"" said shane oliver, chief economist at AMP.South korea on thursday reported a jump in the number of critical or severe cases while infections hit records in vietnam and the philippines this week.POLICY CHANGESThe global inflationary pulse was also in the headlines as the south korean central bank lifted its base rate off a record low, the first major economy in asia to do so.governor lee Ju-yeol maintained his hawkish tone and suggested the bank could further tighten policy as data showed asia fourth-largest economy was overheating.central banks around the world are laying the groundwork for a transition away from crisis-era stimulus as what began as emergency support for collapsing growth now overheats many economies.investors and policymakers are particularly focused on what the fed powell signals at jackson hole on Friday.""Ideally, the fed would like to observe as long as possible, (and).make sure that the economy is well on track towards growth,"" raghuram rajan, former RBI governor and finance professor at the university of chicago booth school of business, told the reuters global markets forum on wednesday. ""of course, the problem is the delta variant, plus whatever variants are lurking in the background.""treasury yields rose in US hours though inched down again in asia. the yield on benchmark 10-year treasury notes was 1.3356% compared with its US close of 1.344% on Wednesday.The dollar was little changed sitting around a week-low against a basket of major peers, amid the more positive US mood.oil prices fell on thursday after three days of gains. US crude dipped 0.80% to $67.96 a barrel. brent crude fell 0.57% to $71.93 per barrel.']",['https://www.brecorder.com/news/40115869/asian-shares-spooked-by-delta-spread-as-jackson-hole-looms'],"['brent, , ']",['oil prices fell'],['neg'],91.95,[-5.33],-5.33,-2,-3,-3,0,"{
  ""Trading Recommendation"": ""Refrain from the Market"",
  ""Rationale"": ""Both the overall news sentiment and market signal indicate a significantly negative outlook. Therefore, we recommend refraining from taking any position in the market to avoid potential losses.""
}"
8/31/2021,"['Markets lack conviction as traders digest weak China data', 'Asia gasoline crack hovers below $7/bbl', 'Asia gasoline crack hovers below $7/bbl', 'Oil dips on hurricane impact on US refining, weak China data', 'Asia shares ease as weak China data weighs', 'Markets diverge as traders digest weak China data']","['markets lack conviction as traders digest weak china data', 'asia gasoline crack hovers below $7/bbl', 'asia gasoline crack hovers below $7/bbl', 'oil dips on hurricane impact on US refining, weak china data', 'asia shares ease as weak china data weighs', 'markets diverge as traders digest weak china data']","['Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder', 'Business Recorder']","['LONDON: US and European equities dipped Tuesday, despite Asian gains, with sentiment dented by renewed Chinese economic concerns and fears over the unwinding of central bank stimulus, dealers said.The Dow was down 0.2 percent minutes after the opening bell while London, Frankfurt and Paris were giving up around half of one percent mid-session compared with Friday\'s close.The drop came as EU statistics body Eurostat reported that annual eurozone inflation has risen by its highest level in a decade on rising costs of energy, goods and services.The body estimated inflation in the bloc would come in at 3.0 percent in August, up from 2.2 in July, the highest level since 2011 and above the European Central Bank\'s target of 2.0 percent.The European single currency hit a 3.5-week peak at $1.1832 after last week\'s remarks from US Federal Reserve boss Jerome Powell while oil prices fell as investors assessed the damage to refineries after Hurricane Ida slammed into the rig-heavy Gulf of Mexico, and on the eve of an output meeting of OPEC and other key producers.""Downside risks for the final months of the year remain -- which makes confidence in the central banks\' plans for unwinding pandemic stimulus all the more important,"" OANDA analyst Craig Erlam told AFP.""The services PMI from China overnight was a reminder of those risks, with the Delta variant continuing to drive rising case numbers in the US and elsewhere.""As the Dow dipped, the S&P 500 and Nasdaq also slipped off record highs, with the Schwab Market Update noting ""markets continue to grapple with the lingering Delta variant (and) Fed tapering expectations, and as we likely decelerate from peak earnings and economic growth rates.European stocks on course for seventh straight month of gains""The global markets are digesting softer-than-expected Chinese manufacturing and services activity and a hotter-than-expected consumer price inflation report out of the Eurozone,"" Schwab added.British Airways parent company IAG was off almost 4 percent as London\'s top faller with travel stocks hit hard by Monday\'s news that EU states are to recommend reimposing travel restrictions on US tourists over rising covid infections in the country. Asian indices had earlier ended in positive territory as investors overcame early selling pressure sparked by PMI data indicating China\'s economic recovery had been slowed down by an outbreak of the fast-spreading Delta Covid variant.The positive energy stoked by a pledge from Powell to be cautious in withdrawing the bank\'s vast financial support appeared to have dissipated at the open, replaced by fresh concerns over Beijing\'s crackdown on private enterprises and the ever-present spectre of the coronavirus.The day got off to a weak start after China released figures showing activity in the services industry contracted last month for the first time since February 2020.Authorities imposed strict travel restrictions on swathes of the country this month to contain its worst outbreak of Covid since the initial pandemic with dozens of cities affected and tens of millions of people subject to containment measures.The moves saw flights cancelled and tourist spots closed while events were called off in a bid to nip the flare-up in the bud.Key figures around 1400 GMTNew York - Dow: DOWN 0.3 percent at 35,335.04London - FTSE 100: DOWN 0.5 percent at 7,111.83 pointsFrankfurt - DAX 30: DOWN 0.4 percent at 15,825.58Paris - CAC 40: DOWN 0.3 percent at 6,668.16EURO STOXX 50: DOWN 0.2 percent at 4,189.23Tokyo - Nikkei 225: UP 1.1 percent at 28,089.54 (close)Hong Kong - Hang Seng Index: UP 1.3 percent at 25,878.99 (close)Shanghai - Composite: UP 0.5 percent at 3,543.94 (close)Euro/dollar: UP at $1.1819 from $1.1797Pound/dollar: UP at $1.3761 from $1.3760Euro/pound: UP at 85.90 pence from 85.73 penceDollar/yen: DOWN at 109.79 yen from 109.92 yenWest Texas Intermediate: DOWN 1.1 percent at $68.44 per barrelBrent North Sea crude: DOWN 1.0 percent at $72.70 per barrel', 'NEW DELHI: Asia’s gasoline crack inched up on Monday but remained below $7 a barrel for a second straight session after tepid demand recovery due to COVID-19 outweighed supply disruption worries triggered by Hurricane Ida.The crack was at $6.66 a barrel, up from $6.56 on Friday.“The softening of price markers largely reflects renewed concerns over fuel demand recovery due to varying degrees of success for cities placed under mobility restrictions,â€Â\x9d Refinitive Oil Research said in a note.Asia’s naphtha crack also edged slightly higher after crude oil prices slipped from a four-week high as Hurricane Ida weakened.The crack rose to $119.95 a tonne from $118.80 in the previous session.On the demand side, Petro Diamond purchased first-half November loading cargo of naphtha in physical markets.“Far East’s naphtha import demand is likely to hit a short-term peak this quarter also, despite strength in the product’s demand,â€Â\x9d Braemar ACM Shipbroking said in a research note.Oil prices dropped from a four-week high on Monday as Hurricane Ida weakened, and attention turned to an OPEC meeting on Wednesday to discuss a further output boost.Hurricane Ida pounded Louisiana after sweeping ashore from the Gulf of Mexico, flooding wide areas under heavy surf and torrential rains as fierce winds toppled trees and power lines, plunging New Orleans into darkness after nightfall.', 'NEW DELHI: Asia’s gasoline crack inched up on Monday but remained below $7 a barrel for a second straight session after tepid demand recovery due to COVID-19 outweighed supply disruption worries triggered by Hurricane Ida.The crack was at $6.66 a barrel, up from $6.56 on Friday.“The softening of price markers largely reflects renewed concerns over fuel demand recovery due to varying degrees of success for cities placed under mobility restrictions,â€Â\x9d Refinitive Oil Research said in a note.Asia’s naphtha crack also edged slightly higher after crude oil prices slipped from a four-week high as Hurricane Ida weakened.The crack rose to $119.95 a tonne from $118.80 in the previous session.On the demand side, Petro Diamond purchased first-half November loading cargo of naphtha in physical markets.“Far East’s naphtha import demand is likely to hit a short-term peak this quarter also, despite strength in the product’s demand,â€Â\x9d Braemar ACM Shipbroking said in a research note.Oil prices dropped from a four-week high on Monday as Hurricane Ida weakened, and attention turned to an OPEC meeting on Wednesday to discuss a further output boost.Hurricane Ida pounded Louisiana after sweeping ashore from the Gulf of Mexico, flooding wide areas under heavy surf and torrential rains as fierce winds toppled trees and power lines, plunging New Orleans into darkness after nightfall.', 'SINGAPORE: Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan to raise output.The prices were also weighed down by weaker manufacturing data from China, where factory activity expanded at a slower pace in August compared with the previous month.US West Texas Intermediate (WTI) crude futures were down 5 cents, or 0.07%, to $69.16 a barrel at 0555 GMT, reversing some of Monday\'s gains.Brent crude futures for October, due to expire on Tuesday, were down 3 cents, or 0.04%, at $73.38 a barrel, after gaining nearly 1% on Monday. The more active November contract was down 3 cents, or 0.04%, at $72.20.""The oil market is in a wait and watch mode as both demand- supply impact of Hurricane Ida is assessed,"" said Ravindra Rao, vice president, commodities at Kotak Securities.""Also, market players are on sidelines ahead of OPEC+ review meeting tomorrow.""Hurricane Ida knocked out at least 94% of the offshore Gulf of Mexico oil and gas production and caused ""catastrophic"" damage to Louisiana\'s grid.The loss of power could last three weeks, utilities officials said, slowing efforts to repair and restart energy facilities, which could also take at least two weeks to fully resume operations.""With companies currently assessing damages, a current timeline for how long shuttered capacity will be down is still uncertain,"" RBC analysts said in a note.With ""catastrophic"" damage to the grid in Louisiana, power outages could last three weeks, utility officials said, which would slow efforts to repair and restart energy facilities.On the supply side, about 1.72 million bpd of oil production and 2.01 million cubic feet per day of natural gas output remained offline in the US side of the Gulf of Mexico following evacuations at 288 platforms.Also keeping a lid on oil prices is the prospect that the Organization of the Petroleum Exporting Countries (OPEC) and allies, together known as OPEC+, will agree to go ahead with plans to add another 400,000 bpd of supply each month through December.""Brent crude between $70 and $75 a barrel seems to be the grouping\'s sweet spot, and with the futures curve in backwardation, demand remains robust despite the short-term noise,"" said Jeffrey Halley, senior market analyst at OANDA.OPEC+ will meet on Wednesday. Delegates say they expect the production increase to go ahead, however Kuwait\'s oil minister said on Sunday that plan could be reconsidered amid concerns about raging COVID-19 infections in Asia limiting fuel demand.', 'HONG KONG: Asia stock markets opened lower on Tuesday despite fresh all-time highs on Wall Street, as worries about China\'s slowing economic growth and regulatory changes weighed on investor sentiment.MSCI\'s gauge of Asia Pacific stocks outside Japan slipped 0.25%, while Japan\'s Nikkei 225 fell more than 0.3% in the morning session.Japan\'s industrial output shrank in July as car production took a hit from a resurgence of the coronavirus in Asia that has cast doubt over recovery in the world\'s third-largest economy.Hong Kong\'s Hang Seng Index and China\'s benchmark CSI300 Index opened down 0.1% and 0.2% respectively.China\'s factory activity expanded at a slower pace in August as coronavirus-related restrictions and high raw material prices pressure manufacturers in the world\'s second largest economy, while services activity contracted sharply, national data showed Tuesday.Beijing on Monday cut the amount of time players under the age of 18 can spend on online games to an hour on Fridays, weekends and holidays, which analysts expect to continue to weigh in on tech stocks.""Chinese tech sector is under pressure. Divergence should continue when market faces a lot of uncertainties over Chinese policies,"" said Edison Pun, senior market analyst at Saxo Markets.Australian shares, however, rose slightly for a second straight session, led by mining and technology stocks. The S&P/ASX 200 was up 0.2% by 0130GMT.Asia\'s cooler sentiment followed all-time highs set by US and global equity benchmarks in the previous session, as the Federal Reserve appeared in no rush to step away from its massive stimulus.US crude fell 0.51% to $68.86 a barrel and Brent was down 0.56% at $73 a barrel in Asian trade as Hurricane Ida weakened into a Category 1 hurricane within 12 hours of coming ashore as a Category 4.""Eyes on OPEC+ meeting after hurricane Ida\'s hit, short-term supply shock is relieved and OPEC+ meeting could mean more future supply. Crude oil may return to weakness after strong rebound for about 10% last week,"" Pun said.Spot gold gained 0.18% to $1813.54 per ounce.', 'LONDON: European equities wavered Tuesday, despite gains elsewhere, with sentiment dented by renewed Chinese economic concerns and fears over the unwinding of central bank stimulus, dealers said.London stocks dipped 0.2 percent in late morning deals compared with Friday\'s close, following a three-day holiday weekend.In midday eurozone trade, Frankfurt gained 0.6 percent and Paris won 0.2 percent, compared with Monday\'s closing levels.The European single currency hit a 3.5-week peak at $1.1832 after last week\'s key remarks from US Federal Reserve boss Jerome Powell.European stocks on course for seventh straight month of gainsOil prices fell as investors assessed the damage to refineries after Hurricane Ida slammed into the rig-heavy Gulf of Mexico, and on the eve of an output meeting of OPEC and other key producers.""Downside risks for the final months of the year remain -- which makes confidence in the central banks\' plans for unwinding pandemic stimulus all the more important,"" OANDA analyst Craig Erlam told AFP.""The services PMI from China overnight was a reminder of those risks, with the Delta variant continuing to drive rising case numbers in the US and elsewhere.""However, Asian indices rose Tuesday, tracking another record Wall Street close, as investors overcame early selling pressure sparked by PMI data indicating China\'s economic recovery had been slowed down by an outbreak of the fast-spreading Delta Covid variant.The positive energy stoked by a pledge from Powell to be cautious in withdrawing the bank\'s vast financial support appeared to have dissipated at the open, replaced by fresh concerns over Beijing\'s crackdown on private enterprises and the ever-present spectre of the coronavirus.The day got off to a weak start after China released figures showing activity in the services industry contracted last month for the first time since February 2020.Asian markets drop as upbeat Fed gives way to Delta, ChinaAuthorities imposed strict travel restrictions on swathes of the country this month to contain its worst outbreak of Covid since the initial pandemic with dozens of cities affected and tens of millions of people subject to containment measures.The moves saw flights cancelled and tourist spots closed while events were called off in a bid to nip the flare-up in the bud.And while new case figures have been brought under control again, analysts warn any such spike in future will again likely hit the services sector.Several other countries -- including Australia and New Zealand -- have been forced to impose tough measures to battle a surge in infections while also struggling with their vaccine rollouts.Investors are now gearing up for the release of US employment data Friday, which could have a bearing on when the Fed begins tightening monetary policy. Key figures around 1015 GMTLondon - FTSE 100: DOWN 0.2 percent at 7,136.10 pointsFrankfurt - DAX 30: UP 0.6 percent at 15,985.87Paris - CAC 40: UP 0.2 percent at 6,701.96EURO STOXX 50: UP 0.5 percent at 4,218.86Tokyo - Nikkei 225: UP 1.1 percent at 28,089.54 (close)Hong Kong - Hang Seng Index: UP 1.3 percent at 25,878.99 (close)Shanghai - Composite: UP 0.5 percent at 3,543.94 (close)New York - Dow: DOWN 0.2 percent at 35,399.84 (close)Euro/dollar: UP at $1.1822 from $1.1797Pound/dollar: UP at $1.3772 from $1.3760Euro/pound: UP at 85.84 pence from 85.73 penceDollar/yen: DOWN at 109.91 yen from 109.92 yenWest Texas Intermediate: DOWN 1.0 percent at $68.52 per barrelBrent North Sea crude: DOWN 0.6 percent at $72.97 per barrel']","['LONDON US and european equities dipped tuesday, despite asian gains, with sentiment dented by renewed chinese economic concerns and fears over the unwinding of central bank stimulus, dealers said.the dow was down 0.2 percent minutes after the opening bell while london, frankfurt and paris were giving up around half of one percent mid-session compared with friday close.the drop came as EU statistics body eurostat reported that annual eurozone inflation has risen by its highest level in a decade on rising costs of energy, goods and services.the body estimated inflation in the bloc would come in at 3.0 percent in august, up from 2.2 in july, the highest level since 2011 and above the european central bank target of 2.0 percent.the european single currency hit a 3.5-week peak at $1.1832 after last week remarks from US federal reserve boss jerome powell while oil prices fell as investors assessed the damage to refineries after hurricane ida slammed into the rig-heavy gulf of mexico, and on the eve of an output meeting of OPEC and other key producers.""downside risks for the final months of the year remain which makes confidence in the central banks\' plans for unwinding pandemic stimulus all the more important,"" OANDA analyst craig erlam told AFP.""The services PMI from china overnight was a reminder of those risks, with the delta variant continuing to drive rising case numbers in the US and elsewhere.""as the dow dipped, the S&P 500 and nasdaq also slipped off record highs, with the schwab market update noting ""markets continue to grapple with the lingering delta variant (and) fed tapering expectations, and as we likely decelerate from peak earnings and economic growth rates.european stocks on course for seventh straight month of gains""the global markets are digesting softer-than-expected chinese manufacturing and services activity and a hotter-than-expected consumer price inflation report out of the eurozone,"" schwab added.british airways parent company IAG was off almost 4 percent as london top faller with travel stocks hit hard by monday news that EU states are to recommend reimposing travel restrictions on US tourists over rising covid infections in the country. asian indices had earlier ended in positive territory as investors overcame early selling pressure sparked by PMI data indicating china economic recovery had been slowed down by an outbreak of the fast-spreading delta covid variant.the positive energy stoked by a pledge from powell to be cautious in withdrawing the bank vast financial support appeared to have dissipated at the open, replaced by fresh concerns over beijing crackdown on private enterprises and the ever-present spectre of the coronavirus.the day got off to a weak start after china released figures showing activity in the services industry contracted last month for the first time since february 2020.authorities imposed strict travel restrictions on swathes of the country this month to contain its worst outbreak of covid since the initial pandemic with dozens of cities affected and tens of millions of people subject to containment measures.the moves saw flights cancelled and tourist spots closed while events were called off in a bid to nip the flare-up in the bud.key figures around 1400 GMTNew york - dow DOWN 0.3 percent at 35,335.04london - FTSE 100 DOWN 0.5 percent at 7,111.83 pointsfrankfurt - DAX 30 DOWN 0.4 percent at 15,825.58paris - CAC 40 DOWN 0.3 percent at 6,668.16EURO STOXX 50 DOWN 0.2 percent at 4,189.23tokyo - nikkei 225 UP 1.1 percent at 28,089.54 (close)Hong kong - hang seng index UP 1.3 percent at 25,878.99 (close)Shanghai - composite UP 0.5 percent at 3,543.94 (close)Euro/dollar UP at $1.1819 from $1.1797pound/dollar UP at $1.3761 from $1.3760euro/pound UP at 85.90 pence from 85.73 pencedollar/yen DOWN at 109.79 yen from 109.92 yenwest texas intermediate DOWN 1.1 percent at $68.44 per barrelbrent north sea crude DOWN 1.0 percent at $72.70 per barrel', 'NEW DELHI asias gasoline crack inched up on monday but remained below $7 a barrel for a second straight session after tepid demand recovery due to COVID-19 outweighed supply disruption worries triggered by hurricane Ida.The crack was at $6.66 a barrel, up from $6.56 on Friday.The softening of price markers largely reflects renewed concerns over fuel demand recovery due to varying degrees of success for cities placed under mobility restrictions, refinitive oil research said in a note.asias naphtha crack also edged slightly higher after crude oil prices slipped from a four-week high as hurricane ida weakened.the crack rose to $119.95 a tonne from $118.80 in the previous session.on the demand side, petro diamond purchased first-half november loading cargo of naphtha in physical markets.far easts naphtha import demand is likely to hit a short-term peak this quarter also, despite strength in the products demand, braemar ACM shipbroking said in a research note.oil prices dropped from a four-week high on monday as hurricane ida weakened, and attention turned to an OPEC meeting on wednesday to discuss a further output boost.hurricane ida pounded louisiana after sweeping ashore from the gulf of mexico, flooding wide areas under heavy surf and torrential rains as fierce winds toppled trees and power lines, plunging new orleans into darkness after nightfall.', 'NEW DELHI asias gasoline crack inched up on monday but remained below $7 a barrel for a second straight session after tepid demand recovery due to COVID-19 outweighed supply disruption worries triggered by hurricane Ida.The crack was at $6.66 a barrel, up from $6.56 on Friday.The softening of price markers largely reflects renewed concerns over fuel demand recovery due to varying degrees of success for cities placed under mobility restrictions, refinitive oil research said in a note.asias naphtha crack also edged slightly higher after crude oil prices slipped from a four-week high as hurricane ida weakened.the crack rose to $119.95 a tonne from $118.80 in the previous session.on the demand side, petro diamond purchased first-half november loading cargo of naphtha in physical markets.far easts naphtha import demand is likely to hit a short-term peak this quarter also, despite strength in the products demand, braemar ACM shipbroking said in a research note.oil prices dropped from a four-week high on monday as hurricane ida weakened, and attention turned to an OPEC meeting on wednesday to discuss a further output boost.hurricane ida pounded louisiana after sweeping ashore from the gulf of mexico, flooding wide areas under heavy surf and torrential rains as fierce winds toppled trees and power lines, plunging new orleans into darkness after nightfall.', 'SINGAPORE oil prices slipped on tuesday amid concerns that power outages and flooding in louisiana after hurricane ida will cut crude demand from refineries at the same time global producers plan to raise output.the prices were also weighed down by weaker manufacturing data from china, where factory activity expanded at a slower pace in august compared with the previous month.US west texas intermediate (WTI) crude futures were down 5 cents, or 0.07%, to $69.16 a barrel at 0555 GMT, reversing some of monday gains.brent crude futures for october, due to expire on tuesday, were down 3 cents, or 0.04%, at $73.38 a barrel, after gaining nearly 1% on monday. the more active november contract was down 3 cents, or 0.04%, at $72.20.""the oil market is in a wait and watch mode as both demand- supply impact of hurricane ida is assessed,"" said ravindra rao, vice president, commodities at kotak Securities.""Also, market players are on sidelines ahead of OPEC+ review meeting tomorrow.""hurricane ida knocked out at least 94% of the offshore gulf of mexico oil and gas production and caused ""catastrophic"" damage to louisiana grid.the loss of power could last three weeks, utilities officials said, slowing efforts to repair and restart energy facilities, which could also take at least two weeks to fully resume operations.""with companies currently assessing damages, a current timeline for how long shuttered capacity will be down is still uncertain,"" RBC analysts said in a note.with ""catastrophic"" damage to the grid in louisiana, power outages could last three weeks, utility officials said, which would slow efforts to repair and restart energy facilities.on the supply side, about 1.72 million bpd of oil production and 2.01 million cubic feet per day of natural gas output remained offline in the US side of the gulf of mexico following evacuations at 288 platforms.also keeping a lid on oil prices is the prospect that the organization of the petroleum exporting countries (OPEC) and allies, together known as OPEC+, will agree to go ahead with plans to add another 400,000 bpd of supply each month through December.""Brent crude between $70 and $75 a barrel seems to be the grouping sweet spot, and with the futures curve in backwardation, demand remains robust despite the short-term noise,"" said jeffrey halley, senior market analyst at OANDA.OPEC+ will meet on wednesday. delegates say they expect the production increase to go ahead, however kuwait oil minister said on sunday that plan could be reconsidered amid concerns about raging COVID-19 infections in asia limiting fuel demand.', 'HONG KONG asia stock markets opened lower on tuesday despite fresh all-time highs on wall street, as worries about china slowing economic growth and regulatory changes weighed on investor sentiment.MSCI gauge of asia pacific stocks outside japan slipped 0.25%, while japan nikkei 225 fell more than 0.3% in the morning session.japan industrial output shrank in july as car production took a hit from a resurgence of the coronavirus in asia that has cast doubt over recovery in the world third-largest economy.hong kong hang seng index and china benchmark CSI300 index opened down 0.1% and 0.2% respectively.china factory activity expanded at a slower pace in august as coronavirus-related restrictions and high raw material prices pressure manufacturers in the world second largest economy, while services activity contracted sharply, national data showed Tuesday.Beijing on monday cut the amount of time players under the age of 18 can spend on online games to an hour on fridays, weekends and holidays, which analysts expect to continue to weigh in on tech stocks.""chinese tech sector is under pressure. divergence should continue when market faces a lot of uncertainties over chinese policies,"" said edison pun, senior market analyst at saxo Markets.Australian shares, however, rose slightly for a second straight session, led by mining and technology stocks. the S&P/ASX 200 was up 0.2% by 0130GMT.Asia cooler sentiment followed all-time highs set by US and global equity benchmarks in the previous session, as the federal reserve appeared in no rush to step away from its massive stimulus.US crude fell 0.51% to $68.86 a barrel and brent was down 0.56% at $73 a barrel in asian trade as hurricane ida weakened into a category 1 hurricane within 12 hours of coming ashore as a category 4.""eyes on OPEC+ meeting after hurricane ida hit, short-term supply shock is relieved and OPEC+ meeting could mean more future supply. crude oil may return to weakness after strong rebound for about 10% last week,"" pun said.spot gold gained 0.18% to $1813.54 per ounce.', 'LONDON european equities wavered tuesday, despite gains elsewhere, with sentiment dented by renewed chinese economic concerns and fears over the unwinding of central bank stimulus, dealers said.london stocks dipped 0.2 percent in late morning deals compared with friday close, following a three-day holiday weekend.in midday eurozone trade, frankfurt gained 0.6 percent and paris won 0.2 percent, compared with monday closing levels.the european single currency hit a 3.5-week peak at $1.1832 after last week key remarks from US federal reserve boss jerome Powell.European stocks on course for seventh straight month of gainsoil prices fell as investors assessed the damage to refineries after hurricane ida slammed into the rig-heavy gulf of mexico, and on the eve of an output meeting of OPEC and other key producers.""downside risks for the final months of the year remain which makes confidence in the central banks\' plans for unwinding pandemic stimulus all the more important,"" OANDA analyst craig erlam told AFP.""The services PMI from china overnight was a reminder of those risks, with the delta variant continuing to drive rising case numbers in the US and elsewhere.""however, asian indices rose tuesday, tracking another record wall street close, as investors overcame early selling pressure sparked by PMI data indicating china economic recovery had been slowed down by an outbreak of the fast-spreading delta covid variant.the positive energy stoked by a pledge from powell to be cautious in withdrawing the bank vast financial support appeared to have dissipated at the open, replaced by fresh concerns over beijing crackdown on private enterprises and the ever-present spectre of the coronavirus.the day got off to a weak start after china released figures showing activity in the services industry contracted last month for the first time since february 2020.asian markets drop as upbeat fed gives way to delta, ChinaAuthorities imposed strict travel restrictions on swathes of the country this month to contain its worst outbreak of covid since the initial pandemic with dozens of cities affected and tens of millions of people subject to containment measures.the moves saw flights cancelled and tourist spots closed while events were called off in a bid to nip the flare-up in the bud.and while new case figures have been brought under control again, analysts warn any such spike in future will again likely hit the services sector.several other countries including australia and new zealand have been forced to impose tough measures to battle a surge in infections while also struggling with their vaccine rollouts.investors are now gearing up for the release of US employment data friday, which could have a bearing on when the fed begins tightening monetary policy. key figures around 1015 GMTLondon - FTSE 100 DOWN 0.2 percent at 7,136.10 pointsfrankfurt - DAX 30 UP 0.6 percent at 15,985.87paris - CAC 40 UP 0.2 percent at 6,701.96EURO STOXX 50 UP 0.5 percent at 4,218.86tokyo - nikkei 225 UP 1.1 percent at 28,089.54 (close)Hong kong - hang seng index UP 1.3 percent at 25,878.99 (close)Shanghai - composite UP 0.5 percent at 3,543.94 (close)New york - dow DOWN 0.2 percent at 35,399.84 (close)Euro/dollar UP at $1.1822 from $1.1797pound/dollar UP at $1.3772 from $1.3760euro/pound UP at 85.84 pence from 85.73 pencedollar/yen DOWN at 109.91 yen from 109.92 yenwest texas intermediate DOWN 1.0 percent at $68.52 per barrelbrent north sea crude DOWN 0.6 percent at $72.97 per barrel']","['https://www.brecorder.com/news/40117016/markets-lack-conviction-as-traders-digest-weak-china-data', 'https://www.brecorder.com/news/40116823/asia-gasoline-crack-hovers-below-7bbl', 'https://www.brecorder.com/news/40116823/asia-gasoline-crack-hovers-below-7bbl', 'https://www.brecorder.com/news/40116959/oil-dips-on-hurricane-impact-on-us-refining-weak-china-data', 'https://www.brecorder.com/news/40116957/asia-shares-ease-as-weak-china-data-weighs', 'https://www.brecorder.com/news/40116988/markets-diverge-as-traders-digest-weak-china-data']","['OPEC, gulf, ', 'brent, , ', 'oil, gulf, ']","['oil prices fell', 'oil prices slip', 'oil prices dropped', 'oil prices slip', 'brent was down', 'oil prices fell']","['neg', 'neg', 'neg', 'neg', 'neg', 'neg']",92.86,"[-5.33, -1.78, -1.61, -1.78, -1.43, -5.33]",-2.88,-3,3,-3,0,"{
  ""Trading Recommendation"": ""Sell"",
  ""Rationale"": ""The overall news sentiment is negative but not significantly low. The market signal also suggests a sell. Hence, we recommend selling the position. Investors should consider reducing exposure or exiting the market to mitigate potential losses.""
}"