The Saudi Press Agency, quoting a Foreign Ministry statement, said on Monday that the Kingdom is relinquishing its responsibility for any shortage in oil supplies to global markets in light of the recent attacks by the Iran-aligned Yemeni Houthi movement on Saudi oil facilities. The Saudi Energy Ministry and official …

The dollar fell against other major currencies as investors awaited comments from Federal Reserve Chairman Jerome Powell later on Monday, and other central bank policymakers this week for clues on monetary policy. Currency markets have been turbulent over the past month due to the financial fallout from Russia’s invasion of …

The Kremlin said on Monday that Europe would be hit hard in the event of a Russian oil embargo, which would hurt the continent’s energy balance but not affect the United States. Some European Union foreign ministers are pressing for an oil embargo as part of an escalation of sanctions …

Gold prices rose on Monday, boosted by the safe-haven appetite, as the Ukraine crisis showed no signs of abating, although the US Federal Reserve’s plan to implement bold anti-inflation measures curbed gold’s gains. 3.0 percent to $ 1927.22 an ounce by 0528 GMT. And US gold futures fell 1.0 percent …

European Union governments are discussing an oil embargo on Russia over its invasion of Ukraine as they gather this week with US President Joe Biden for a series of summits aimed at toughening the West’s response to Moscow. In an attempt to force Russian President Vladimir Putin to withdraw his …

The Japanese yen extended its decline on Monday as traders focused on a series of public statements by central bank policy makers globally this week including Federal Reserve Chairman Jay Powell later on Monday. The dollar rose slightly against the Japanese yen, as high as 119.3 yen, defying a six-year …

Oil prices rose $2 on Monday as Ukrainian forces withstood violent Russian attacks while major oil producers said they were struggling to produce their quotas under a supply agreement. Brent crude futures rose $1.96, or 1.8 percent, to $109.89 a barrel by 0039 GMT, adding to its 1.2 percent rise …

China kept the key interest rate for lending to businesses and individuals unchanged on Monday, according to what traders and analysts expected. China kept the basic interest rate for one-year loans at 3.70 percent, while the basic interest rate for five-year loans remained at 4.60 percent. Just over half of …

Oil, Crude, trading

Negative trading dominated the movements of the Canadian dollar at the end of the week’s trading, recording its lowest level around 1.2588 after it failed to maintain trading above the 1.2670 level. Technically, we find that the 14-day momentum indicator is trying to provide positive signals accompanied by the stability …