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	172,651.96 28.94M	0.28% 481.67
ALLSHR	103,552.07 57.65M	0.07% 75.43
KSE30	52,845.31 10.44M	0.35% 186.52
KMI30	240,790.26 8.40M	0.12% 278.98
KMIALLSHR	65,956.65 27.36M	-0.05% -31.39
BKTi	51,331.34 4.48M	0.62% 318.43
OGTi	33,737.78 1.94M	0.51% 172.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,470.00	67,665.00 66,880.00	265.00 0.39%
BRENT CRUDE	71.95	72.16 71.59	0.29 0.40%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.10 -3.13%
ROTTERDAM COAL MONTHLY	105.50	0.00 0.00	-1.75 -1.63%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.68	66.86 66.31	0.28 0.42%
SUGAR #11 WORLD	13.72	13.85 13.62	-0.04 -0.29%