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%.

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RTT News

Ticker Price Volume
QNBK 123.50 779,629
SABIC 100.76 3,731,730
MMG 0.00 0
EMAAR 8.80 5,927,271
CHEMANOL 7.10 1,550,059
SALAMA 20.68 450,290
TAWUNIYA 94.60 40,988
(In US Dollar) Change Change(%)
Brent 55.62 0.15 0.27
WTI 49.89 0.00 0.00
OPEC Basket 53.63 0.71 1.34
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Short-term disruptions and lower exports from OPEC members offset signs of stronger US oil production to help give crude oil prices a lift early Tuesday.

Crude oil prices have been volatil

Saudi Gazette

Iraq Says OPEC Mulls Deeper, Longer Oil Cuts to End-2018

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Oil near five-month high as Middle East producers stick to cuts

19/09/2017

Oil prices traded close to five-month highs on Tuesday after fresh data showed key Middle Eastern producers continued to cut supply in line with an OPEC-led deal aimed at ending a crude glut.

Reuters

Oil Holds Near $50 as Refiners Delay Work After Hurricane Harvey

19/09/2017

Oil held gains near $50 a barrel before U.S. crude stockpile data as refiners delay scheduled maintenance after Hurricane Harvey hit the Gulf Coast and shuttered almost a quarter of the nation’s refi

Bloomberg

Another Bullish Oil Sign

19/09/2017

West Texas Intermediate (WTI) and Brent oil prices have increased to $50 and $55, respectively, and bullish oil signs continue to accumulate. Joint Organisations Data Initiative (JODI) just announced

Seeking Alpha