Tag Archives: RED SEA

Oil prices declined for the second consecutive day on Monday, influenced by persistent concerns about global demand amidst challenging economic conditions. This overshadowed geopolitical tensions in the Middle East and an attack on a Russian fuel export terminal over the weekend. As of 0105 GMT, the price of Brent crude …

Gold prices rose on Friday, but were on track to record their worst week in six weeks. This decline coincided with the rise of the dollar and bond yields, following US central bank officials’ statements that dashed expectations of an early interest rate cut. As of 07:43 GMT, gold in …

Oil prices experienced a decline on Friday following a recent uptick. Geopolitical tensions and disruptions in US oil production due to a cold snap were counteracted by concerns over slowing demand growth in China and expectations of increased supply. As of 0420 GMT, Brent crude futures dropped by 23 cents, …

Oil prices experienced an increase on Thursday, buoyed by OPEC’s optimistic forecast for robust global oil demand growth over the next two years. Brent crude futures rose by 28 cents to reach $78.16 per barrel, while US West Texas Intermediate crude futures increased by 34 cents, reaching $72.90. According to …

Gold prices rose on Thursday against the backdrop of a decline in the dollar and a decline in US 10-year Treasury bond yields, but remained near their lowest levels in five weeks as investor optimism about cutting interest rates faded after tough comments from a Federal Reserve official and strong …

Oil prices fell on Wednesday as a stronger dollar curbed demand for crude denominated in the US currency, but increasing risks of supply disruptions amid the raging conflict in the Red Sea limited losses. Brent crude futures fell 36 cents, or 0.5 percent, to $77.93 per barrel by 0215 GMT. …

Oil prices remained stable on Tuesday, with the US dollar reaching its highest in a month and concerns about the impact of Middle East tensions on energy supplies supported by the stronger dollar. WTI crude futures settled at $72.40 a barrel, down 28 cents or 0.4% from Friday’s settlement. Brent …

Gold faced a marginal decline on Tuesday, influenced by a strengthening dollar and rising US Treasury bond yields. The precious metal saw a 0.2 percent decrease in spot transactions, settling at $2,050.35 per ounce, while US gold futures experienced a modest 0.1 percent increase, reaching $2,054.10. The rise in the …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the most prominent developments in the financial markets and the performance of the most important assets, in an interview on Dubai TV. Asked about the US stock market, which …

Gold prices experienced a significant uptick on Monday, surpassing the $2,050 level, driven by increased demand for the safe-haven asset amid escalating tensions in the Middle East. Additionally, renewed speculation about an early interest rate cut by the Federal Reserve contributed to the attractiveness of gold. As of 06:39 GMT, …