Posts Tagged ‘saudi’

WTI Declines Below $90 for First Time in 17 Months

by Forex Rooton October 2, 2014 9:43 am BST
WTI crude Oil fell below $90 for the first time in 17 months on speculation rising U.S. production will be more than enough to meet demand. WTI for November delivery was down $1 to $89.73 a barrel at 8:37 a.m. London time on the New York Mercantile Exchange, trading below $90 for the first time […]

WTI Continues Falling As Crude Supplies Are Rising Globally

by Forex Rooton August 15, 2014 10:00 am BST
WTI headed for a fourth weekly drop, the longest losing streak since November, amid speculation that crude supplies are rising as global demand slows. Brent gained in London. WTI will probably fall in the week through Aug. 22 as stockpiles may rise. Twelve respondents predicted prices will climb while 11 estimated little change. Crude has […]

Saudi Arabia to Open $530 Billion Bourse to Foreigners in Early 2015

by Forex Rooton July 22, 2014 10:16 am BST
Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said on Tuesday. The opening of the Saudi market, capitalized at about $530 billion, is one of the most keenly awaited economic reforms in the world’s […]

WTI Oil drops as Saudi Arabia boosts output

by Forex Rooton March 11, 2013 5:33 am BST
West Texas Intermediate oil dropped from the highest price in more than a week as Saudi Arabia boosted output and industrial production slowed in China, the world’s second-biggest consumer of crude. Futures slid as much as 0.4 percent after gaining 1.4 percent last week, the most in a month. Saudi Arabia’s crude production rose in […]