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Category: Business

Oil Edges Lower on Unexpected Build in US Inventories

Oil prices slipped in early Asian trading on Wednesday following a brief rebound in the previous session after industry data showed an unexpected build in US crude oil and gasoline inventories, offsetting global oil supply concerns.

Brent crude futur…

Gold Prices Rise on US Federal Reserve Rate Cut Expectations

Gold prices edged higher on Tuesday after comments from Federal Reserve officials reinforced expectations of bigger US interest rate cuts later this year.

Spot gold was up 0.1% to $2,408.77 per ounce, while US gold futures rose 0.2% to $2,449.50.

Bu…

QSE Index Drops 44.54 Points at Start of Trading

The general index of Qatar Stock Exchange (QSE) dropped 44.54 points, or 0.44 percent, at the beginning of trading on Tuesday, reaching 10,012 points, compared to yesterday’s closing.

QSE general index was weighed down by a decline in four sectors: I…

Kuwaiti Oil Falls by $4.70 Per Barrel

The price of a barrel of Kuwaiti oil fell by USD4.70, reaching USD75.77 per barrel in trading yesterday, Monday, compared to USD80.47 in trading last Friday, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, the…

Qatar Stock Exchange Closes Slightly Lower

The Qatar Stock Exchange index closed on Tuesday with a slight decline of 8.23 points, or 0.08 percent, reaching the level of 10,049 points.

During the session, 141,439,783 shares were traded, with a total value of QR 383,689,854, resulting from 15,5…

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