Oil settles down more than 3pc
NEW YORK: Oil prices settled down more than 3 percent on Tuesday, at a one-week low as traders shrugged off the latest US sanctions campaign against Iran, viewing economic pressure less ris
By Shariah PSX News DeskFull article on Business Recorder
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Desk Analysis
How This Affects the Exchange
Sector Effect
Neutral · Watch
Mixed or limited directional signal for Oil & Gas on the PSX.
Sectors & Direction
Desk read
Desk call: Watch · Neutral effect
- Oil & GasNeutral effect
Companies
OGDC · WatchPPL · WatchMARI · WatchPSO · WatchSNGP · WatchATRL · Watch
Mentions in This Briefing
Sectors: Oil & Gas — Neutral · Watch. PSX tickers: OGDC, PPL, MARI, PSO, SNGP, ATRL. Mixed or limited directional signal for Oil & Gas on the PSX.
Full Story
Open on Business RecorderNEW YORK: Oil prices settled down more than 3 percent on Tuesday, at a one-week low as traders shrugged off the latest US sanctions campaign against Iran, viewing economic pressure less risky for oil supplies than a military escalation.
Brent crude futures settled down USD 3.59, or 3.9 percent, at USD 88.58 a barrel, the lowest since August 14. US West Texas Intermediate
Source: Business Recorder — https://www.brecorder.com/news/40436538/oil-settles-down-more-than-3pc