|22 September, 2019

Sunday outlook: Oil prices, Asian shares retreat

Brent crude futures fell 12 cents to settle at $64.28 a barrel, while U.S. West Texas Intermediate (WTI) crude futures ended 4 cents lower at $58.09 a barrel.

Kuwaiti traders are seen at the Kuwait Boursa stock market trading hall in Kuwait city, Kuwait September 16, 2019.

Kuwaiti traders are seen at the Kuwait Boursa stock market trading hall in Kuwait city, Kuwait September 16, 2019.

REUTERS/Stephanie McGehee
  • Oil prices drop on trade tensions
  • MSCI world equity index drops 0.23 percent
  • Tadawul gains 1.4 percent
  • Dollar, gold prices rise

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

Stocks fall as China cancels U.S. farm visits, yields dip

An index of global stock markets surrendered early gains on Friday after Chinese agriculture officials who were to visit U.S. farm states next week canceled their trip, dampening optimism on U.S.-China trade talks…

Oil slips on trade fears but soars in week after Saudi production attacked

Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia's energy industry last weekend.

Mideast Stocks: Saudi stocks gain ahead of joining FTSE Russel and S&P Dow Jones indexes

Saudi Arabia's stock market rose sharply on Thursday ahead of their inclusion in FTSE Russell and S&P Dow Jones emerging market indexes next week, which are expected to attract billions of dollars in passive funds…

Dollar posts weekly gain on hopes for trade, Fed on hold

The U.S. dollar rose against a basket of currencies on Friday, for its first weekly increase in three, prompted by hopes of progress in U.S.-China trade talks and that the Federal Reserve would not lower rates aggressively…

Gold up on soft dollar, set for first weekly gain in four

Gold prices edged higher on Friday and were set for their first weekly gain in one month, supported by a softer dollar and caution about developments in Sino-U.S. trade talks…

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