Oil prices jump almost 4%, reversing early losses

MG News | March 13, 2020 at 02:22 PM GMT+05:00

0:00

March 13, 2020: Oil prices jumped almost four percent in Asian afternoon trade Friday, reversing earlier losses sparked by the Saudi-Russia price war and fears about the economic impact of the coronavirus pandemic.

West Texas Intermediate was up 3.9 percent at nearly $33 a barrel while Brent crude rose 3.7 percent to more than $34 a barrel, after the US military launched air strikes in crude-rich Iraq. Both contracts had fallen more than two percent in early trade.

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Name	Price/Vol	%Chg/NChg
KSE100	166,764.47 80.80M	2.31% 3770.30
ALLSHR	99,773.36 181.82M	2.30% 2247.45
KSE30	50,236.23 44.57M	2.33% 1146.01
KMI30	238,980.19 36.79M	2.09% 4882.44
KMIALLSHR	64,716.75 94.38M	2.26% 1432.18
BKTi	46,535.85 17.66M	2.37% 1077.75
OGTi	34,014.77 2.24M	2.57% 851.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,735.00	81,015.00 78,605.00	1960.00 2.49%
BRENT CRUDE	108.13	108.81 105.55	-0.04 -0.04%
RICHARDS BAY COAL MONTHLY	113.00	0.00 0.00	1.00 0.89%
ROTTERDAM COAL MONTHLY	109.25	0.00 0.00	1.80 1.68%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.66	102.33 99.11	-0.28 -0.27%
SUGAR #11 WORLD	14.97	0.00 0.00	0.02 0.13%