Singapore : Oil prices dipped on Wednesday after China reported relatively weak import data, although the market remained well supported by falling U.S. crude inventories and the introduction of sanctions against Iran.
Front-month Brent crude oil futures were at $74.50 per barrel at 0651 GMT, down 15 cents, or 0.2 percent, from their last close. U.S. WTI crude futures were at $69.15 per barrel, down 2 cents. China´s July crude oil imports recovered slightly in July after falling for the previous two months, but were still among the lowest this year due to a drop-off in demand from the country´s smaller independent, or "teapot", refineries. Shipments into the world´s biggest importer of crude came in at 36.02 million tonnes last month, or 8.48 million bpd, up from 8.18 million bpd a year ago, and just up on June´s 8.36 million bpd, data from the General Administration of Customs showed.
The Securities and Exchange Commission of Pakistan logo. — APP/File ISLAMABAD: The three-day capacity building...
The image shows the logo of the Securities and Exchange Commission of Pakistan . — APP/FileISLAMABAD: The Securities...
The picture shows a logo of Federation of Pakistan Chambers of Commerce & Industry . — APP/FileKARACHI: The...
This image released on July 14, 2023, shows the logo of InDrive. — Facebook/inDriveKARACHI: inDrive, a ride-hailing...
Gold bars can be seen in this image. — AFP/FileKARACHI: Gold prices increased by Rs2,500 per tola on Friday in the...
This photo illustration shows Japanese 10,000 yen banknotes in Tokyo on November 19, 2021. — AFPTokyo: The yen...