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 95 cents, or 1.3 percent, to $73.70 a barrel. In turn, US crude futures rose $1.10, or 1.6 percent, to $71.41 a barrel. Source: National Iraqi News Agency
Related Articles
GCC chief hails Saudi efforts towards bolstering global cooperation
The chief of the Gulf Cooperation Council (GCC) Jassem Al-Budaiwi on Sunday heaped praise on Saudi Arabia’s contributions towards international cooperation and solidarity, saying such efforts have helped thrust the Gulf Arab kingdom into the limelight…
Japan’s Wholesale Inflation Accelerates in June
Bank of Japan (BOJ) data showed the nation’s wholesale inflation accelerated again in June.
Price pressures continued to mount, as the government reduced energy subsidies intended to ease gas and electricity bills, according to Japan’s broadcaster (N…
QSE Index Closes 0.25 Percent Higher
Doha: The Qatar Stock Exchange (QSE) general index closed at 9,408.52 points on Monday, 23.07 points (0.25 percent) up from its previous closing.
A trading volume of 136,363,009 shares was registered in 15,394 transactions in all sectors, with a tota…