Oil prices jump almost 4%, reversing early losses

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

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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KSE100 168,865.04
261.33M
-1.79%
-3078.56
ALLSHR 102,295.04
623.57M
-1.94%
-2026.36
KSE30 50,247.11
77.48M
-1.81%
-925.02
KMI30 239,393.54
89.44M
-2.13%
-5220.44
KMIALLSHR 66,134.61
401.13M
-2.11%
-1423.05
BKTi 47,147.62
27.12M
-1.68%
-806.08
OGTi 34,242.17
7.09M
-2.08%
-726.14
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,410.00 78,715.00
77,375.00
-960.00
-1.23%
BRENT CRUDE 105.57 105.82
100.19
4.36
4.31%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
2.10
1.64%
ROTTERDAM COAL MONTHLY 140.00 0.00
0.00
0.15
0.11%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 100.39 100.56
95.37
4.34
4.52%
SUGAR #11 WORLD 18.47 18.73
18.30
0.07
0.38%

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