Oil prices fell by more than 1 percent on Tuesday due to concerns over a slowdown in the Chinese economy, which is impacting demand, despite growing consensus that the US Federal Reserve may start cutting interest rates in September. Brent crude futures dropped by $1.31, or 1.54 percent, to settle at $83.54 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude fell by $1.41, or 1.72 percent, to $80.50 per barrel. Source: Qatar News Agency
Related Articles
GCC Commercial Arbitration Centre Contributes to Achieving Safe Investment Environment
Manama, Saleh bin Hamad Al Sharqi, Chairman of the Board of Directors of the GCC Commercial Arbitration Center, which the State of Qatar chairs its current session, affirmed that the Center, since its founding thirty years ago, has been working to cre…
Iraq advances to third place in the Arab world and raises its gold holdings to 148.3 tons
The World Gold Council announced today, Thursday, that Iraq has increased its gold holdings to more than 148 tons.
According to the latest report published by the council in August 2024, Iraq has advanced one rank to reach 29th place globally out of…
Oil prices rise amid fears of widening Middle East conflict
Oil prices rose on Tuesday amid concerns about the expansion of the conflict in the Middle East and the possibility of a tropical storm later this week affecting production in the United States, the world’s largest crude producer.
Brent crude future…