Oil retreats as Saudi Oman shipments ease fears

Arabian Post Staff -Dubai Oil prices fell on Wednesday after Saudi Arabia offered additional crude cargoes to Asian refiners through Oman, easing fears that Middle East disruptions would remove more barrels from the market. Brent crude settled $2.92, or 2.7 per cent, lower at $105.83 a barrel, while US West Texas Intermediate dropped $3.40, or 3.2 per cent, to $102.43. The decline followed a…

thearabianpost.com ·1h ago

We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.

Read the original at thearabianpost.com →

More in Finance & Markets

Most stocks rise as Fed defies Trump, oil prices recede on Saudi hopes

Asian markets rise after the US Federal Reserve raises interest rates, while easing oil prices offer some relief as investors weigh inflation and the ongoing Middle East crisis.

1h ago ·iol.co.za

GBP/USD Price Forecast: Trades vulnerable below 1.3400 ahead of BoE’s policy decision

The British Pound (GBP) is under severe pressure against the US Dollar (USD) during the early European trading session on Thursday, holding onto recent losses near 1.3378.

1h ago ·fxstreet.com

BOE Expected to Keep Rates Unchanged

The Bank of England is expected to hold interest rates as it waits for more evidence that a fresh bout of inflation risks a damaging wage-price spiral.

1h ago ·bloomberg.com

Wereldhave Belgium Sells Bruges Retail Park De Mael For EUR 49.2 Mln

(RTTNews) - Wereldhave Belgium (WEHB.BR), a Belgian regulated real estate company, on Thursday announced the sale of De Mael retail park in Sint-Kruis, Bruges, to a consortium of private investors.

1h ago ·nasdaq.com

‘Don’t be surprised to see ‘cash only’ boards’: Market yard traders on new UPI charge

1h ago ·indianexpress.com

Ares, PSP Investments Establish JV In The U.S.

(RTTNews) - Ares Management Corporation (ARES), and the Public Sector Pension Investment Board, announced that an Ares Real Estate fund and PSP Investments have established a new joint venture to invest up to $2.4 billion in logistics real estate opportunities in the U.S. Marq Lo

1h ago ·nasdaq.com