Search Results for: oil
Why So Much Oil Price Volatility? Blame The Speculators
August 31st, 2015
Oil prices crashed last week only to rebound at lightning speed. On August 28, oil prices surged 10 percent, the largest one-day gain in seven years. So, what happens next for oil prices? On the face of it, the ...
Middle Eastern Stocks Rally Led by Oman After Oil-Price Rebound
August 31st, 2015
Muscat’s MSM30 Index advanced the most since January Brent crude capped the best week since 2009 on Friday Omani stocks led a rally in most equity markets across the Middle East after oil prices had the biggest-weekly jump in ...
Oil markets extend gains after biggest daily climb in six years
August 28th, 2015
Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies. U.S. crude are on track for their first weekly ...
UAE shares rise sharply in line with US and oil price recovery
August 27th, 2015
UAE shares rose sharply on Thursday morning, on the back of US and Asian stock markets, and a rebound in the price of crude oil. Dubai’s headline index surged 4 per cent at the opening bell on Wednesday, and ...
Why Saudi Arabia Won’t Cut Oil Production
August 27th, 2015
Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going forward. At first blush, the ...
ECB’s economist says bank will act to combat China, oil impact on inflation target
August 26th, 2015
The risk has increased that the European Central Bank won’t get inflation back up to where it wants, the bank’s chief economist said on Wednesday, pledging to beef up its anti-deflation asset-buying programme if necessary. Peter Praet, who is ...
Mideast Stocks Fall as Saudi Arabia Mulls Budget Cut on Oil Drop
August 26th, 2015
Dubai’s benchmark gauge is biggest decliner in region Brent crude has dropped almost 60 percent in 12 months Most Middle Eastern stock markets declined amid mounting concern the region’s largest economy will cut spending after oil prices slumped to the ...
Oil recovers but still ends near 6-1/2-year lows
August 26th, 2015
U.S. crude rises 3 pct after Monday tumble, Brent up 1 pct China cuts interest rates, helping global stock market rebound EIA seen citing a 1.0 mln-barrel build in U.S. crude last week Coming Up: EIA inventory data on Wednesday ...
Oil’s Drop Puts Spotlight on Saudi Arabia
August 25th, 2015
Some OPEC members call for renewed discussions within cartel about restraining production The plunge in global oil prices has eroded an important pillar of Saudi Arabia’s strategy of pumping freely to grab global market share: Demand growth that once ...
Arabian Gulf markets lose $58 billion as weak oil and global equity rout spark sell-off
August 24th, 2015
Billions of dirhams were wiped off the value of Dubai shares yesterday, as stock markets across the Arabian Gulf lost US$58 billion on a day of calamitous trading. The sharp sell-offs came in the wake of sliding oil prices ...
