Oil prices rally on the back of US-China talks and supply cuts from major producers

MG News | January 07, 2019 at 10:41 AM GMT+05:00

0:00

January 7, 2019 (MLN): Oil prices inched up by more than 1 percent on Monday, primarily by virtue of optimism resulting from talks between the United States and China to resolve the trade war, while supply cuts by major producers also backed the market.

Brent crude futures were at $57.75 per barrel at 0404 GMT, up 69 cents, or 1.2 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude oil futures were at $48.67 per barrel, up 71 cents, or 1.5 percent.

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Name	Price/Vol	%Chg/NChg
KSE100	164,742.47 209.98M	0.48% 793.53
ALLSHR	98,589.92 450.95M	0.48% 474.85
KSE30	49,491.50 133.46M	0.19% 94.73
KMI30	236,551.09 105.86M	0.50% 1183.41
KMIALLSHR	63,969.63 225.40M	0.51% 323.99
BKTi	45,608.79 57.44M	-0.05% -22.71
OGTi	34,036.45 10.66M	1.75% 586.92

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,350.00	81,725.00 80,040.00	960.00 1.19%
BRENT CRUDE	112.93	114.44 111.88	-1.51 -1.32%
RICHARDS BAY COAL MONTHLY	114.00	114.00 114.00	1.30 1.15%
ROTTERDAM COAL MONTHLY	112.00	112.00 109.50	2.80 2.56%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	104.21	105.48 103.08	-2.21 -2.08%
SUGAR #11 WORLD	15.27	15.43 15.27	-0.02 -0.13%