Tag Archives: Oil Prices

Interviewed by Dubai TV, Mohammed Hashad, the Head of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, commented on a number of current market developments, most notably the following:(I) US Dollar’s Performance Interest rates have already been left unchanged by the US …

Oil prices fell, becoming further away from their highest levels in ten months on Wednesday, ahead of the announcement of the Federal Reserve’s decision on the interest rate, amid a state of uncertainty among investors about when interest rates will reach their peak and the extent of this impact on …

Oil prices rose on Monday, supported by expectations of a widening supply deficit in the fourth quarter of the year after Saudi Arabia and Russia extended production cuts, in addition to optimism about the recovery of demand in China, the largest global importer of crude. By 0027 GMT, Brent crude …

Oil is heading for gains for the third week in a row, as the scarcity of supply resulting mainly from Saudi Arabia’s reduction in production coincides with optimism that the Chinese economy is finally beyond the stage of danger. By 1149 GMT, Brent crude rose 37 cents to $94.07 a …

An optimistic prognosis for oil consumption and a tighter supply have caused the WTI crude price to rise to $88.40. Global oil production is expected to increase to 101.2 million barrels per day (bpd) in 2023 and 102.9 million bpd in 2024, according to the US Energy Information Administration.According to …

US stocks are falling as Wall Street waits for updates on the economy and major tech firms. At lunchtime, the S&P 500 was down 0.5%, while the Dow Jones Industrial Average was down 51 points, or 0.1%, to 34,612. After largely declining for a year, oil prices have begun rising …

US stocks tumbled Wednesday morning as the price of oil hovered around a 10-month high after surging yesterday on Saudi Arabia’s production cuts.The Nasdaq was down 1.4% in the early afternoon, while the S&P 500 lost 1% and the Dow Jones Industrial Average fell 0.9%.Oil futures jumped more than 2% …

The Reserve Bank of Australia meeting will be the focal point of the Asian session. The interest rates are not anticipated to alter. Additionally, the Services PMIs’ final reading will be made public. Data on US factory orders and wholesale inflation in the Eurozone are due later in the day.In …

Oil prices rose on Thursday after China’s central bank sought to rein in mounting pessimism about the country’s real estate market and broader economy. Prices fell in the previous session, fueled by concerns about the impact of fuel demand on a major crisis in the real estate sector that impedes …

Oil prices fell in early trading on Thursday, continuing to decline for the fourth consecutive session, amid fears that slowing growth in China and a possible hike in interest rates in the United States will lead to a decline in fuel demand in the two largest economies in the world. …