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- Emirates NBD's high networth clients can now access BlackRock's platform
- Dubai's Al Ansari to launch digital wallet - users can open digital accounts, get pre-paid cards
- Adani in talks with Emaar to buy India assets for $1.5bn
- Umm Al Qura surges 30pc on debut Saudi IPO
- Mekdam Holding to shore up presence in high-growth sectors
- QSE index falls below 10,200 points; M-cap erodes QR4.44bn
- Oman's inflation rate remains steady at 1% in February
- Oil Updates - crude slips as investors monitor Russia-Ukraine ceasefire talks
- SAMA grants license to Alannaya Al-Yatmania to conduct finance aggregation services
- $7.8bn boost to Oman's tourism sector by 2030
10/05/2010 00:00 AST
Crude oil prices inched up Monday, as global investors welcomed the news that European Union leaders agreed on a $900 billion bailout plan for Greece.
Crude for June delivery rose $1.69 or 2.25%, settling at $76.80 a barrel Monday.
Meanwhile, gasoline prices fell for the fourth day in a row, slipping to $2.908 a gallon from $2.914 the day before.
The price of crude rose along with global markets Monday after the EU and the International Monetary Fund approved a $900 billion rescue plan for debt-strapped European countries. In a separate show of support, the U.S. Federal Reserve joined central banks in Canada and Europe to re-establish a program supporting credit markets.
The European Central Bank also announced overnight it will buy government and private bonds to rescue the euro.
The news boosted optimism in Europe, giving investors two incentives to buy oil. A recovering European economy could boost demand for fuel, and second, more euros circulating could make a tangible commodity a more attractive investment than paper currencies.
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CNNMoney
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 72.16 | 0.16 | 0.22 |
| WTI | 68.28 | 0.21 | 0.31 |
| OPEC Basket | 74.25 | 1.12 | 1.53 |
25/03/2025
Oil prices slipped on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets.
B
Reuters
22/03/2025
Oil prices rose on Friday and were heading for a second consecutive weekly gain as fresh US sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter s
Reuters
21/03/2025
Opec+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping above agreed levels, which will more than overtake the monthly production hi
Khaleej Times
21/03/2025
Oil prices rose on Thursday, boosted by a strong outlook for demand in the United States after fuel inventories fell more than expected, and a weaker US dollar. Brent crude futures were up 34 cents,
Asharq Al Awsat
20/03/2025
Oil prices rose on Thursday, boosted by a strong outlook for demand in the United States after fuel inventories fell more than expected, and a weaker US dollar.
Brent crude futures rose 43 c
Reuters
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