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Wednesday outlook: Oil prices step back as Saudi Arabia calms supply fears

Wednesday outlook: Oil prices step back as Saudi Arabia calms supply fears

Brent crude futures dipped 0.1 percent to $64.50 a barrel, having conceded more than 60 percent of their gains made after the weekend attack on Saudi oil facilities

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Opinion

Jameel Ahmad

Oil surrenders more momentum but with Pompeo visiting Abu Dhabi and Jeddah investors must remain diligent

While we have already seen in the past few days how sensitive oil prices can behave to geopolitical developments, if an escalation does flare up in the region, volatility can spread into other asset classes

Lukman Otunuga

Investors go for gold amid trade tensions

Driven by intense bouts of safe haven buying, the precious metal sped ahead, rising by 5 percent in August

Monte Safieddine

The European Central Bank's Conundrum

Negative-yielding bonds, contracting PMIs, overpriced shares, and a possible recession on the horizon leave plenty holding their breath to see if the ECB lives up to easing expectations

Han Tan

Risk-on mode spikes as US-China set for October talks, no-deal Brexit chances grow slim

Prolonged uncertainties surrounding Brexit would only ensure that Sterling remains susceptible to the UK's political risk

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