|23 September, 2019

Monday outlook: Oil gains, Asian shares and gold prices retreat

Brent crude futures increased to as much as $65.50 a barrel. The front-month contract was at $64.84, up 57 cents, or 0.9 percent at 0224 GMT

An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. Image used for illustrative purpose.

An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. Image used for illustrative purpose.

REUTERS/Christian Hartmann
  • Oil prices rise on Middle East tensions
  • Asian shares retreat on trade uncertainty
  • Egypt’s blue-chip index EGX30 drops 5.3 percent
  • Dollar gains, gold retreats

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Oil gains on Saudi supply disruption, Mideast tensions
Oil prices rose to their highest in two sessions on Monday amid concerns about oil supply disruptions from Saudi Arabia and elevated tensions in Middle East…

Asian shares dip on geopolitical tensions, oil up 1%
Most Asian share markets slipped on Monday as investors waited for more clarity on the Sino-U.S. trade talks after recent negotiations, while oil gained more than 1% as Middle East tensions remained elevated…

Mideast Stocks: Protests drag down Egyptian indexes to multi-year lows
Egypt's stock indexes EGX 30 and EGX 100 plunged to multi-year intraday lows on Sunday after protests broke out in Egyptian cities over the weekend…

Cautious trade optimism offers some support for dollar
The dollar was supported on Monday, with the market's risk appetite delicately balanced after talks in Washington between U.S. and Chinese trade deputies were described as "productive"…

Gold prices edge lower; palladium scales record high
Gold prices inched lower on Monday, as equities gained after the U.S. Trade Representative described last week's Sino-U.S. trade talks as "productive."…


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