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Oil extends losses on hopes for Middle East talks to ease supply woes

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Oil extends losses on hopes for Middle East talks to ease supply woes — Oil & Gas | Shariah PSX

Desk Analysis

How This Affects the Exchange

Sector Effect

Negative · Do not buy

Cautious read for Oil & Gas — price/volume reaction may stay soft near-term.

Sectors & Direction

Desk read

Desk call: Do not buy · Negatively affected

  • Oil & GasNegatively affected

Companies

OGDC · Do not buyPPL · Do not buyMARI · Do not buyPSO · Do not buySNGP · Do not buyATRL · Do not buy

Companies Mentioned

  • · Negatively affected · Do not buy
  • · Negatively affected · Do not buy
  • · Negatively affected · Do not buy
  • · Negatively affected · Do not buy
  • · Negatively affected · Do not buy
  • · Negatively affected · Do not buy

Mentions in This Briefing

Sectors: Oil & Gas — Negative · Do not buy. PSX tickers: OGDC, PPL, MARI, PSO, SNGP, ATRL. Cautious read for Oil & Gas — price/volume reaction may stay soft near-term.

Full Story

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Oil extends losses on hopes for Middle East talks to ease supply woes

Brent crude futures fall 41 cents, or 0.5%, to $87.43 a barrel