Oil prices fell for a fifth straight session on Thursday as investors worried about the global demand outlook, despite a decline in US fuel inventories and expectations of a US interest rate cut in September. Brent crude futures fell 9 cents to $75.96 a barrel, while US West Texas Intermediate (WTI) crude futures fell 19 cents to $71.74 a barrel. The front-month WTI contract crude for October has fallen 6.9 percent since Aug. 15, while Brent futures are down 6.4 percent over the same period. Prices fell after a report on Wednesday of revised US employment statistics that showed fewer jobs than previously reported, along with weak economic data from China, the world's second-largest economy. The revised job data offset support from a drop in US oil inventories. Source: Qatar News Agency
Related Posts
Industry Minister inaugurates “Dallaspresso” manufacturing facility
Abdulla bin Adel Fakhro, Minister of Industry and Commerce, affirmed that supporting national industries and encouraging the competitiveness of the national product reflects the diversification and sustainability of the national economy, and the visio…
QSE Index Closes 0.31 Percent Higher
Doha: Qatar Stock Exchange (QSE) general index closed at 9,667.18 points on Sunday, 29.59 points (0.31 percent) up from its previous closing.
A trading volume of 86,910,498 shares was traded in 8,303 transactions in all sectors, with a total trading …
Bahrain All Share Index closes at 1,987.74 points
Bahrain All Share Index closed at 1,987.74 points marking an increase of 1.42 points above the previous closing.This increase was due to the raise in the communication service sector, consumer discretionary sector and financials sector.Bahrain Islamic…