Oil edges up on increased US stockpile

Sarfraz Ali 02:11 PM | 21 Jul, 2016

SINGAPORE - Oil prices edged up in Asia on Thursday following the release of US data showing a drop in crude inventories, a sign of a tightening supply market.

Crude stockpiles fell by 2.3 million barrels last week - the ninth week in a row - data from the US Department of Energy showed.

This helped offset a surprise rise in gasoline inventories over the summer - traditionally the peak demand season for motor fuel.

At about 0330 GMT, US benchmark West Texas Intermediate was up 10 cents, or 0.22 percent, to $45.85, while North Sea Brent crude was up 16 cents, or 0.34 percent, to $47.33.

Sarfraz Ali

Sarfraz Ali is working as Editor Web for Daily Pakistan. He earned a postgraduate degree in Mass Communication from IUB and diploma in International Print Journalism from Thomson Foundation UK. He regularly writes on ...

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Forex

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 9, 2023 (Thursday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency	Symbol	Buying	Selling
US Dollar	‎USD	271.9	274.85
Euro	EUR	294.7	297.7
UK Pound Sterling	GBP	331	334.2
U.A.E Dirham	AED	75.3	76
Saudi Riyal	SAR	73.2	73.9
Australian Dollar	AUD	191.3	193.7
Bahrain Dinar	BHD	732.35	740.35
Canadian Dollar	CAD	205	207.2
China Yuan	CNY	40.72	41.12
Danish Krone	DKK	39.92	40.32
Hong Kong Dollar	HKD	35.08	35.43
Indian Rupee	INR	3.35	3.46
Japanese Yen	JPY	2	2.16
Kuwaiti Dinar	KWD	900.32	909.32
Malaysian Ringgit	MYR	64.65	65.25
New Zealand Dollar	NZD	173.63	175.63
Norwegians Krone	NOK	27.12	27.42
Omani Riyal	OMR	715.53	723.57
Qatari Riyal	‎QAR	75.64	76.34
Singapore Dollar	SGD	208.03	210.03
Swedish Korona	SEK	26.1	26.4
Swiss Franc	CHF	298.06	300.56
Thai Bhat	THB	8.25	8.4

Gold & Silver Rate

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs193,700 on Thursday. The price of 10 grams of 24k gold was recorded at Rs166,070.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City	Gold	Silver
Lahore	PKR 193,700	PKR 2,350
Karachi	PKR 193,700	PKR 2,350
Islamabad	PKR 193,700	PKR 2,350
Peshawar	PKR 193,700	PKR 2,350
Quetta	PKR 193,700	PKR 2,350
Sialkot	PKR 193,700	PKR 2,350
Attock	PKR 193,700	PKR 2,350
Gujranwala	PKR 193,700	PKR 2,350
Jehlum	PKR 193,700	PKR 2,350
Multan	PKR 193,700	PKR 2,350
Bahawalpur	PKR 193,700	PKR 2,350
Gujrat	PKR 193,700	PKR 2,350
Nawabshah	PKR 193,700	PKR 2,350
Chakwal	PKR 193,700	PKR 2,350
Hyderabad	PKR 193,700	PKR 2,350
Nowshehra	PKR 193,700	PKR 2,350
Sargodha	PKR 193,700	PKR 2,350
Faisalabad	PKR 193,700	PKR 2,350
Mirpur	PKR 193,700	PKR 2,350