Oil prices extend losses on expectations talks to ease Middle East supply woes
Oil prices fell on Thursday, extending a streak of multiple days of losse
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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
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
Open on Business Recorder**Oil prices fell on Thursday**, extending a streak of multiple days of losses, on expectations talks between Iran and Qatar may open the key Strait of Hormuz and reduce supply disruptions from the Middle East war.
Brent crude futures were down 60 cents, or 0.
Source: Business Recorder — https://www.brecorder.com/news/40436630/oil-prices-extend-losses-on-expectations-talks-to-ease-middle-east-supply-woes