Tag: Saudi Arabia

Hedge-Fund Investors Pour Into Oil as Firms Predict Surge to $80

Hedge funds investing in oil are luring capital at the fastest pace in more than a year. With crude climbing to levels not seen since 2014, commodity funds have recovered the client outflows they suffered last year. And if firms such as Saudi Arabia, the world’s biggest exporter, wants to push prices to $80 a barrel …

Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week

President tweets as Saudis talk about continuing output cuts Current prices reflect geopolitics, OPEC oil ministers say willingness to further tighten oil markets and boost prices in a meeting in Saudi Arabia. West Texas Intermediate futures dropped as much as 1.2 percent early on Friday before rebounding as the impact of the tweet fizzled. They’ve risen …

Arab Stocks Advance as Jitters Over U.S. Strike in Syria Fade

Stocks in Riyadh lead gains, rise the most in almost 10 months Main equities benchmark in Dubai climbs the most since June Read More: Analysts Say Syria Strike Isn’t Causing Panic in Mideast Markets Saudi Arabia’s stocks on Wednesday fell the most since October after U.S. President Donald Trump’s comments on Twitter suggested that strikes against …

Bahrains Biggest Oil Find Since 1932 Dwarfs Reserves

Kingdom currently has two fields, one shared with Saudi Arabia New offshore field is located off the west coast of Bahrain reined in plans to sell bonds as investors sought higher yields. After indicating it could sell a mix of conventional and Islamic debt with as many as three different maturities, it only offered 7.5-year sukuk, …
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