Basra crude, heavy and medium, suffered weekly losses, coinciding with global oil recording weekly losses after 4 weeks of gains.
Basra Heavy crude closed in its last session yesterday, Friday, with a decline of 20 cents, reaching $81.08, and recorde…
Doha: Qatar National Bank (QNB) expects that the European Central Bank will implement two additional interest rate cuts, by 25 basis points, during the current year, as it continues to closely monitor price developments and labor market activity.
QNB…
Doha: Qatar National Bank (QNB) expects that the European Central Bank will implement two additional interest rate cuts, by 25 basis points, during the current year, as it continues to closely monitor price developments and labor market activity.
QNB…
Oil prices rose today, Friday, amid signs of easing inflationary pressures in the United States of America, the world’s largest oil consumer, but are still heading for a weekly decline.
Brent crude futures rose 33 cents, or 0.4 percent, to $85.73 a b…
Oil prices fell during the end of trading, on Thursday, despite the weakness of the dollar after the disclosure of key US inflation data.
The dollar suffered sharp losses this week, with the focus largely shifting towards the upcoming inflation data …
European stock indices rose on Friday at the close and achieved their second weekly gain in a row thanks to strong business results and optimism among investors regarding an interest rate cut in the US next September.
The European Stoxx 600 index clo…