Tag Archives: Oil

Interviewed by Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and the member of the US Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of this trading week. (I) ChinaAsked how the news …

Oil prices fell on Monday after China set a modest target for economic growth this year of about 5 percent, which is lower than market expectations, while investors cautiously await Federal Reserve Chairman Jerome Powell’s testimony before Congress this week. Brent crude futures were trading down $1.30, or 1.5%, at …

Saudi Aramco said on Sunday evening that Saudi Arabia raised the selling price of its Arab Light crude oil to Asia for the second month in April to $2.50 a barrel, above the average price of Oman and Dubai crude. The price increase, which is 50 cents a barrel above …

The dollar fell from the highest level in two and a half months against the yen on Friday and headed towards recording its first weekly loss since January against other major currencies as dealers try to determine the course of the Federal Reserve’s monetary policy. The yen, particularly sensitive to …

The movements of US crude oil futures contracts witnessed a trading session in the green areas within the positive outlook, as we expected, touching the official target of the previous technical report, located at 78.25, recording its highest level at $78.55 per barrel. Technically, oil prices are based in an …

Positive movements dominated the prices of US crude oil futures contracts, recording additional gains that extended to the level of $77.80 per barrel. Technically, oil prices surpassed the resistance level of 76.60, which has now turned into a support level, which supports the possibility of an increase, in addition to …

Oil prices rose nearly 2 percent on Tuesday, erasing losses from the previous session, as hopes for a strong economic recovery in China offset concerns about a US interest rate hike that led to lower consumption in the world’s largest economy. Brent crude futures for April delivery, which expired on …

In its oil and mining sectors, Kazakhstan has long welcomed international direct investment. By 2020, $161 billion will have been invested there, with $30 billion coming from the United States. Also, it received a large investment of $27.6 billion from China (via the Belt and Road Initiative), with half of …

Risky assets retreated following Friday’s inflation report, with bitcoin losing about $762.36 to trade below $23,190.00, within a few dollars of its lowest level of this week. Nasdaq 100 futures were down 1.9%, and S&P 500 futures are lower by 1.4%. The January PCE Price Index unexpectedly rose to 5.4% …

Oil edged higher in the volatile US trading session on Friday. For the week, oil is flat as crude prices are boosted by expectations of lower Russian exports. WTI is seemingly pressured by rising US inventories as well as concerns over global economic activity.Brent crude futures earlier traded at $83.16 …