Category: Industry

Oil prices close higher at settlement

Oil prices closed higher on Tuesday, reaching their highest level this month, with increasing supply disruptions and traders betting that demand will grow if the Federal Reserve/US Central Bank/cuts borrowing costs this week.

Brent crude futures rose…

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Qatar Central Bank Cuts Interest Rate

Qatar Central Bank announced a 55 basis point cut to its benchmark interest rate on Wednesday.

A QCB post on X said the move came following an assessment of the State of Qatar’s current monetary policy, based on the Monetary Policy Committee decision…

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Gold Hovers near Record High ahead of Fed Rate Verdict

Gold prices hovered near a record high on Tuesday, ahead of the anticipated start of the US interest rate reduction cycle, which could see policymakers deliver an outsized cut.

Spot gold was steady at $2,581.68 per ounce. Bullion rose to a record hig…

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