Financial Digest

Most stock markets in Gulf track oil prices higher

  • 📰 Reuters
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Most stock markets in the Gulf ended higher on Sunday in the wake of Friday's rise in oil prices, with the Saudi index gaining for a third consecutive session.

Oil prices - a key catalyst for the Gulf's financial markets - edged higher on Friday after the International Energy Agency forecast record global demand and tightening supplies, propelling prices to their seventh

straight week of gains, the longest such streak since 2022.to rise by 2.44 million bpd this year, unchanged from its previous forecast. Prospects for the oil market look healthy for the second half of the year, OPEC said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DOE funds two Gulf of Mexico facilities to pull carbon directly from airThe Department of Energy on Friday announced $1.2 billion in funding for direct air capture projects in Texas and Louisiana, in what officials said was the largest-ever investment in engineered carbon removal.
Source: dcexaminer - 🏆 6. / 94 Read more »