Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz
TOKYO: Oil prices dropped about 2% on Wednesday, adding to the previous se
By Shariah PSX News DeskFull article on Business Recorder
Share
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
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 RecorderTOKYO: [Oil prices dropped about 2% on Wednesday](https://www.brecorder.com/news/40436428/oil-falls-over-4-as-investors-shrug-off-us-sanctions-on-iran), adding to the previous session’s losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway.
Brent crude futures fell
Source: Business Recorder — https://www.brecorder.com/news/40436580/oil-prices-slide-2-on-iran-oman-talks-to-reopen-strait-of-hormuz