© Reuters. A trader uses a computer at the Doha Stock Exchange in Doha DUBAI (Reuters) – Shares of Saudi Aramco (SE:) opened at 34 riyals ($9.06) on Wednesday, their lowest level since the oil giant began trading on December 11, after Iran launched missiles on U.S. targets in Iraq.Read More →
DUBAI (Reuters) – Gulf stocks fell sharply in late afternoon trade on Sunday, with Kuwaiti and Saudi stocks leading losses. Shares of oil giant Aramco (SE:), which listed last month in a record initial public offering (IPO), fell 1.7% to hit the lowest level since it started trading on DecRead More →
Consider it a wake-up call. Stock market investors shouldn’t panic, but intensifying U.S.-Iran tensions bring home the potential for geopolitical turmoil to make for more volatile price action in 2020 after a blockbuster 2019 rally, investors, analysts and economists said. Oil prices jumped Friday, while investors dumped equities and piledRead More →
It’s always useful to have a sense of Middle Eastern history, as financial markets swirled following the news of the U.S. airstrike that killed a prominent Iranian general in Baghdad. So let’s go way back to…September, when an unprecedented drone attack on Saudi Arabia oil processing facilities cut the country’sRead More →
The chances of a deeper oil production cut by the Organization of the Petroleum Exporting Countries and their allies has seen a significant uptick in just the last couple of days, as the group known as OPEC+ readies for meeting on the sidelines of the World Energy Congress in AbuRead More →
An earlier version of this report incorrectly stated that prices for futures were trading in record territory. The most-active contract for gold is trading at its highest levels since 2013. The error has been corrected. Getty Images Geopolitical tensions helped nudge investors into gold on Tuesday, with the precious metalRead More →
© Reuters. Investing.com – Asian stocks were mixed in morning trade on Monday as traders remained cautious ahead of the G-20 summit later this week, where U.S. President Donald Trump and his Chinese counterpart Xi Jinping are expected to discuss trade-related issues. China’s gained 0.2% by 10:30 PM ET (02:30Read More →
Crude-oil prices pared earlier losses on Tuesday, as increasing tensions between the U.S. and Iran and the threat of disruptions to supplies in the Middle East helped to offset lingering worries that a protracted trade conflict between the U.S. and China will hurt energy demand. The U.S. will deploy fourRead More →
