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Crude Price

Tadawul: Firmer crude prices support petrochemical shares

Crude prices rose on Friday after losses of more than 3 percent a day earlier…

Biggest jump in a month for global stocks as oil boils:World shares saw their biggest jump in over a month on Monday and the dollar slipped, after weaker-than-expected U.S. jobs figures gave investors another excuse to push back Federal Reserve interest rate rise expectations. European shares touched a four-month hig led by mining and oil firms as crude prices jumped more than 3 percent for the second straight session in the commodity markets.

READ NOW !!! COMEDIAN: ALIBABA DISHES HARD TRUTH ON THE STATE OF ECONOMY He wrote: The economy will remain like this for a long while because the strings that pull us into dire straits are still pulling us even much stronger. How did we get here? We were making so much from oil and neglected all other sources of revenue. We did not only neglect those sources of revenue we did not invest the revenue from oil in infrastructural development of the country. We were not futuristic in our…


Lower oil and higher gold could be great for African investments

Falling crude prices and the rallying gold market could mean good news for many…

from WSJ

Big Oil Companies Binge on Debt

Some of the world’s largest energy companies are saddled with their highest debt levels ever as they struggle with low crude prices, raising worries about their ability to pay dividends and find new barrels.

The sharp decline in crude prices over the last two years has forced oil companies to cut exploration budgets to the bone. Last year's discovery of just 2.7 billion barrels is the smallest since 1947, according to UK-based consultancy Wood Mackenzie.

Norway’s central bank is predicted to leave its key policy rate unchanged at a record low as the economy of western Europe’s biggest oil producer fights off the biggest slump in crude prices in a generation. The central bank will keep its key policy rate at 0.50 percent at a meeting on Thursday, ...

U.S. Stocks Close Higher amid Apple Rally as Oil Soars; Dollar Weakens. Shares in the U.S. rose from a two-month low as Apple Inc. extended gains into a fourth day and a rebound in crude prices boosted energy stocks. The dollar retreated amid data showing the world’s biggest economy is on an uneven footing.