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Category: Industry

European Stocks Rise Supported by Energy Stocks

European stocks opened higher Friday, supported by energy stocks after crude oil prices jumped on fears of a wider conflict in the Middle East.

The European Stoxx 600 index rose 0.2 percent. However, it is heading for its worst week since September 2…

US Economy Adds More Jobs, Unemployment Rate Falls to 4.1%

The US job rate rose in September, and the unemployment rate fell to 4.1 percent, further reducing the need for the Federal Reserve (the US central bank) to continue cutting interest rates by large percentages in its next two meetings this year.

The …

Basra crude achieves significant weekly gains

Basra crude “heavy and medium” achieved weekly gains exceeding 8%, with global oil prices also recording significant weekly gains.

Basra heavy crude closed in its last session yesterday, Friday, up $2.27 to reach $72.48, and recorded weekly gains of …

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