Oil

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

NEWS DESK

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 […]

NEWS DESK

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 […]

NEWS DESK

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 […]

NEWS DESK

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 […]

NEWS DESK

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. […]

NEWS DESK

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, […]

NEWS DESK

Gold Hits Record High as Dollar Weakens; Oil Prices Steady Amid US Disruptions – APM Capital Market Report

PR News Desk 17/09/2024

Commodities Gold prices charged to a record high on Monday as a weaker dollar and the prospects of aggressive U.S. monetary policy easing boosted non-yielding bullion’s appeal. Spot gold was up 0.1% at $2,579.09 an ounce after a record peak of $2,589.59. Oil prices consolidated recent gains on Monday as ongoing disruption to US Gulf […]

NEWS DESK

Oil drops on hurricane impact, gold hits record, bitcoin falls ahead of Fed meeting

PR News Desk 16/09/2024

It’s the Epicenter of U.S. Gas Exports, and a Hurricane Magnet: When Francine slammed southern Louisiana, it became the latest storm to hit near an area that has become the epicenter of U.S. LNG exports. Oil falls after back-to-back gains on storm disruptions, still settles higher for the week: Oil futures finished with a loss […]

NEWS DESK

Oil Slumps 8% and Gold Declines Following U.S. Jobs Data – Century Financial

PR News Desk 09/09/2024

Oil prices drop 8% for the week, pressured by prospects of a slowdown in demand: Oil futures fell sharply on Friday to post a weekly drop of about 8%, with global benchmark prices settling at their lowest since 2021, driven by worries over a slowdown in demand. OPEC+ delaying its oil-output increase won’t solve ‘pervasive’ […]

NEWS DESK

Oil Prices Hit 14-Month Lows Amid Mixed U.S. Jobs Data and Demand Concerns – APM Capital Market Report – APM Capital

PR News Desk 09/09/2024

Commodities Gold prices eased on Friday, retreating from near-record levels reached earlier, after mixed U.S. jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve this month. Spot gold sold off quite heavily in afternoon trading to fall from a high of $2,529 per ounce, to finish the session at $2,496.  […]

NEWS DESK

Oil, Gulf Markets, and Gold Face Downturn – Century Financial

PR News Desk 04/09/2024

Oil prices tumble on growth fears, wiping out 2024 gains: Oil futures settled Tuesday at their lowest prices of the year as downbeat economic data from China and a weak reading on the U.S. manufacturing sector fed worries about a slowdown in energy demand.Oil Futures Sink On Supply-Demand Worries: Crude futures fall to their lowest […]

NEWS DESK

Oil Falls 2% on Growth Concerns; Gold and US Stocks Weaken Amid Market Uncertainty – APM Capital Market Report

PR News Desk 28/08/2024

Commodities Oil prices saw a sharp reversal yesterday and fell about 2% on worries that slower economic growth in the US and China could reduce demand for energy, especially after prices surged over 7% during the prior three days. Brent futures fell $1.88, or 2.3%, to settle at $79.55 a barrel, while US West Texas […]

NEWS DESK

Analysts warned that the oil market may struggle to absorb additional OPEC barrels once production cuts are lifted

PR News Desk 26/08/2024

A couple of events were the most important in global financial markets last week; the FOMC Minutes last July and the statements of the Fed Chairman Jerome Powell at the Jackson Hole Symposium. Both were in favor of risk appetite after they tipped the scales towards starting to cut interest rates at the Federal Open […]

NEWS DESK

Oil ends higher as Powell’s Fed policy comments lift prospects for U.S. demand

PR News Desk 26/08/2024

Oil ends higher as Powell’s Fed policy comments lift prospects for U.S. demand: Oil futures settled higher Friday, extending a bounce from the previous session, after comments from head of the Federal Reserve confirmed prospects for interest-rate cuts that would help strengthen the economy – and demand for crude. Halliburton Hit by Cyberattack:

NEWS DESK

Oil rises but hits lows; gold rebounds on weaker dollar  – Saxo Bank MENA

PR News Desk 26/08/2024

Commodities WTI crude oil futures rose 2.49% to $74.83 per barrel, while Brent crude futures increased 2.33% to $79.02 per barrel. Despite these gains, both benchmarks hit their lowest levels since early January due to a significant downward revision in U.S. job growth estimates. Morgan Stanley predicts a surplus in oil supply by 2025 as […]