Crude Oil Ends Higher On Upbeat Data


09/02/2014 09:37 AST

U.S. crude oil ended higher for a third session Thursday, tracking rising global equity markets with some upbeat initial claims data for U.S. unemployment benefits and ahead of the crucial jobs data for January due tomorrow. Oil prices also found support with demand for heating oil continuing to soar, while crude oil inventories fell much less than expected last week, coupled with supply disruptions from Libya.

On the economic front, the European Central Bank on Thursday left its main lending rate unchanged at 0.25%, in line with expectations. The ECB indicated continuation of its low interest rates, while terming the economic recovery as uneven and fragile. As well, the Bank of England left its bond-buying program unchanged while holding on to its key lending rate at a record low of 0.5%.

For more on this Click Here

RTT News
Crude Oil News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 146.1 218,931
BKMB 0.38 966,734
NBAD 10.25 23,035,632
SABIC 96.82 4,447,518
RIBL 10.54 777,351
EEC 22.5 1,500,363
JULPHAR 2.27
Recent News

Small industries get a boost from Sharakah
Sharakah’s total investment in Small and Medium Enterprises (SMEs) rose by OMR27,000 to OMR807,000, despite the challenges the economy is facing due to the financial crisis, the chairman of the board

Oman share index recovers partial
Shares on the Muscat bourse recovered partially on Wednesday. The MSM30 Index ended the session on a positive note at 5,553.52 points, up by 0.19 per cent. The MSM Sharia Index gained 0.30 per cent t

Greece, EU-IMF lenders agree on major issues
Greece has agreed with its lenders on key labour reforms, spending cuts and energy issues, moving closer to clinching a deal before a meeting of eurozone finance ministers on April 7, sources close t

Qatar stock index drops 44.98 points
Qatar Stock Exchange (QSE) index gained 44.98 points (-0.43%) when the bourse closed trading at 10,416.83 points Wednesday.

The volume of shares traded decreased to 11,553,885 from 15,697,

Batelco AGM approves $110.3m dividend
The annual general meeting (AGM) of Batelco Group, the Bahrain-based telecommunications group with operations across 14 countries, today approved a full year cash dividend of BD41.6 million ($110.3 m

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?