Oil

NEWS DESK

Oil Falls on Supply Worries as Gold Hits Record Amid Safe-Haven Rush – Century Financial

PR News Desk 14/04/2025

Although WTI prices rose 2.02% on Friday, oil prices fell by 1.44% for the previous week, seeing prices drop to the $55.22 mark before recovering in a highly volatile week. This marks the continuation of bearish pressures on the commodity, as investors remained worried about weakening global

NEWS DESK

Oil, gold, and crypto markets react to rising US-China trade tensions – Century Financial

PR News Desk 11/04/2025

Oil markets experienced a turbulent week marked by fluctuations as concerns surrounding the prolonged trade war between the United States and China weighed heavily on prices. This follows a 13% decline in the previous week, reflecting the heightened uncertainty gripping the oil market. The escalating dispute between the world’s two largest economies has raised fears

NEWS DESK

Gold, Oil Under Pressure as Fed Flags Inflation Risk and Trade War Intensifies – Century Financial

PR News Desk 07/04/2025

Gold prices dropped to their lowest point in over three weeks on Monday amid a broader market sell-off. Gold fell more than 2.46% on Friday as investors sold off bullion to cover their losses from a broader market meltdown as an intensifying trade war sparked global recession concerns. During market volatility, the price drop in […]

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Oil prices dip amid rising geopolitical tensions; Gold hits record high as Middle East conflicts escalate –  Saxo Bank MENA

PR News Desk 19/03/2025

Commodities Equities FX Macro Fixed Income

NEWS DESK

Oil Drops, Bitcoin Stabilizes, Gold Surges Amid Trade Fears – Century Financial

PR News Desk 05/03/2025

Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns that US tariffs on Canada, Mexico and China will slow economic growth and hit fuel demand. The Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, […]

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Oil prices jump as Trump announces tariffs on top crude suppliers, while gold falls due to a stronger dollar – Saxo Bank MENA

PR News Desk 28/02/2025

Commodities: Equities: Macro: FX: Fixed income: 

NEWS DESK

Oil prices edge up amid Russia-Ukraine tensions, but weak demand outlook – Century Financial

PR News Desk 18/11/2024

Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world’s second-largest consumer, and forecasts of a global oil surplus weighed on markets. In a significant reversal of Washington’s policy in the Ukraine-Russia conflict, President Joe Biden’s administration has allowed

NEWS DESK

Oil Prices Hover Near Two-Week Lows Amid Demand Concerns and OPEC Downgrade

PR News Desk 17/11/2024

Oil prices held steady near two-week lows on Wednesday, following OPEC’s downgrade of its global oil demand growth forecast for 2024 and 2025. Concerns over faltering demand in China also contributed to a cautious market sentiment. As of 10:40 GMT, Brent crude futures had risen by 49 cents, or 0.68%, to $72.38 per barrel, while […]

NEWS DESK

Oil Prices Inch Up, Gold Struggles Amid US Dollar Strength and OPEC Demand Outlook 

PR News Desk 14/11/2024

Oil prices rebounded slightly on Wednesday on short-covering a day after they fell near a two-week low on OPEC’s reduced demand forecast, but gains were limited as the dollar hit a seven-month high. On Tuesday, the benchmarks closed at their lowest level in nearly two weeks after the Organization of the Petroleum Exporting Countries lowered […]

NEWS DESK

Gulf Markets Slip as Oil Prices Rebound Amid Fed Rate Speculation and Dollar Strength – APM Capital Market Report

PR News Desk 14/11/2024

GCC market Most stock markets in the Gulf ended lower on Wednesday ahead of crucial U.S. inflation data that will offer more clarity on the pace of the Federal Reserve’s interest rate reductions. Saudi Arabia’s benchmark index declined 1%, weighed down by a 1.7% fall in aluminum products manufacturer Al Taiseer Group and a 1.9% […]

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Global oil markets likely to witness price drop – Noor Capital

PR News Desk 14/11/2024

Factors That Could Lead to Further Decline in Oil Prices Several factors have emerged in global oil markets that may contribute to a price drop shortly. Most of these are linked to imbalances in supply and demand, while some are related to political and economic developments in the United States and major economies. Oil prices […]

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Oil continues to rise following Trump win – Noor Capital

PR News Desk 08/11/2024

Oil continues its upward trajectory since the start of Wednesday trading, extending a strong rally driven by developments in the U.S. political landscape, American oil inventories, Middle Eastern tensions, and a boost in risk appetite across markets. Trump’s economic policies focus on increasing tariffs and implementing more tax breaks for families and businesses, making

NEWS DESK

U.S. Stock Futures Rise Amid Calmer Geopolitics, Key Earnings, and Election Countdown

PR News Desk 03/11/2024

U.S. stock index futures climbed on Monday, supported by easing geopolitical concerns and anticipation of a busy week, including key technology earnings, nonfarm payroll data, and final U.S. presidential election campaign pushes. By 06:35 ET (10:35 GMT), Dow Jones Futures were up 225 points (0.5%), S&P 500 Futures gained 36 points (0.6%), and Nasdaq 100 […]

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Geopolitical Tensions Boost Oil Prices; Bitcoin Rallies as Election Day Nears – Century Financial

PR News Desk 02/11/2024

Oil edged higher after a two-day decline, with traders weighing developments in the Middle East and the prospects for more OPEC+ supply. Brent rose toward $72 a barrel after tumbling more than 6% over the previous two sessions, while West Texas Intermediate was near $68. While one Israeli minister suggested that the war with Hezbollah […]

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Gulf: McLaren’s Official Oil and Lubricant Partner, Trusted Globally

PR News Desk 30/10/2024

Gulf Oil International Limited and McLaren Automotive have further accelerated their partnership which celebrates the two iconic brands’ pursuit of optimum performance and drive power. The technology teams at Gulf and McLaren Automotive have worked together to develop Gulf Formula Elite in order to offer the ultimate protection for McLaren’s V8 and V6 engines.

NEWS DESK

Oil Markets Roiled Amid Geopolitical Tensions, Hurricane Devastation

PR News Desk 11/10/2024

Oil prices have been on a wild ride in recent weeks, driven by a perfect storm of geopolitical tensions and natural disasters. The escalating conflict between Israel and Iran, coupled with the devastating impact of Hurricane Milton on U.S. fuel supplies, has sent crude oil prices soaring. The Middle East, a region that accounts for […]

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Investors should avoid panic about oil prices in the Middle East crisis

PR News Desk 02/10/2024

Oil prices rose by more than 4% to about $75 a barrel on Tuesday. So far, oil prices rose by more than 4% as escalation has intensified between Israel and Iran. Amid this geopolitical scene, the risk of a jump in oil prices that could trigger another global inflation shock appeared to be materializing. However, […]

NEWS DESK

Oil Prices Steady as Supply Outlook Offsets Middle East Tensions – Noor Capital

PR News Desk 01/10/2024

Oil prices remained relatively unchanged on Tuesday as prospects of stronger supply and sluggish global demand growth balanced concerns over potential disruptions from escalating tensions in the Middle East. Key Price Movements: ·  Brent Crude: December delivery edged up 13 cents (0.18%) to $71.83 a barrel as of 0615 GMT. ·  West Texas Intermediate

NEWS DESK

Financial Markets Weekly Recap: US Labour Data Attracted Most Investors’ Attention

PR News Desk 23/09/2024

The US labour market was a significant focus for investors, with the August nonfarm jobs repor as the most awaited data. The report confirmed signs of a softening US labour market, starring a drop in the unemployment rate from 4.3% to 4.2% by a clear softening trend in new jobs added and several downward revisions. […]

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Gold Prices Dip Awaiting Fed Decision; Oil Prices Rise Amid Central Bank Anticipations – Century Financial

PR News Desk 17/09/2024

Oil prices finish higher despite weak China data and gear up for a week of ‘amplified’ volatility: Oil futures rose Monday as traders shook off another round of lackluster data from China to focus on upcoming decisions by global central banks during a week that’s likely to see “amplified” volatility.Oil prices were steady on Tuesday, […]