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Brent reversed from support zone Likely to rise to resistance level 93.35 Brent recently reversed up from the support area located between the key support level 90.00 (former resistance from January), 38.2% Fibonacci correction of the upward impulse (i) from January and the support trendline of the daily up channel from December. The [] The post Brent Wave Analysis 11 February, 2022 appeared first on All About Forex World .

West Texas Intermediate (WTI) crude futures rose by 5.03% to $94.40 per barrel, while Brent crude futures jumped 4.23% to $95.28 per barrel at 11:10 pm GST Friday.

International benchmark Brent crude futures surpassed $95 for the first time in over seven years after NBC News reported that Russian President Vladimir Putin made the decision to "invade" U

International benchmark Brent crude futures surpassed $95 for the first time in over seven years after NBC News reported that Russian President Vladimir Putin made the decision to "invade" U

Brent crude futures rose 39 cents to $91.80 a barrel at 1015 GMT, while U.S. West Texas Intermediate crude gained 45 cents to $90.33

Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones tumbled more than 500 points in the previous session. Investors are awaiting earnings results from The Goodyear Tire & Rubber Company (NASDAQ: GT ), Under Armour, Inc. (NYSE: UAA ) and Genpact Limited (NYSE: G ). The University of Michigan''s consumer sentiment index for February is scheduled for release at 10:00 a.m. ET. Analysts expect consumer sentiment improving slightly to 67.5 in February from 67.2 in January. Futures for the Dow Jones Industrial Average dipped 146 points to 34,993.00 while the Standard & Poors 500 index futures fell 21.50 points to 4,476.00. Futures for the Nasdaq index fell 83 points to 14,618.00. Oil prices traded higher as Brent crude futures rose 0.3% to trade at $91.65 per barrel, while US WTI crude futures rose 0.4% to trade at $90.23 a barrel. The Baker Hughes North American rig count report for Full story available on Benzinga.com

* Saudi, UAE could calm volatility by hiking output - IEA * Inflation, rate hike concerns weigh on oil prices * Brent, WTI in line for first weekly fall since early Dec. (Updates throughout, adds detail, changes dateline) By Ahmad Ghaddar LONDON, Feb 11

Oil prices were steady on Thursday as markets weighed the possibility of an aggressive and unforecast rate hike for a steeper rise in energy demand. After rising more than 1% in early trade, Brent crude futures settled down 14 cents, or 0.2%, at $91.41 a barrel. U.S. Texas Intermediate crude, which rose more than $2 earlier in the day, settled up 22 cents, or 0.3% to $89.88 a barrel.

Oil prices reversed earlier losses to rise early on Thursday, following a bullish OPEC report on global demand and a drop across the board in U.S. petroleum inventories which the EIA reported on Wednesday. As of 11:00 a.m. EST on Thursday, WTI Crude was up 1.74% at $91.23, and Brent Crude traded at $92.81, up 1.38% on the day, despite prospects of a revival of the Iran nuclear deal and higher-than-expected U.S. inflation data for January, which showed annual inflation was 7.5 percentthe highest in 40 years. Supporting oil prices on Thursday

Oil prices have staged a rally lately and may hit $120 soon if Russia-Ukraine tensions escalate.

Rupee took a hit for the second consecutive session against the US dollar, as the local currency recorded a 0.22% fall in the inter-bank market on Wednesday. As per the State Bank of Pakistan (SBP), the rupee closed at 174.89 after a day-on-day depreciation of 39 paisas or 0.22%. On Tuesday, the currency dipped by 0.02% for the first time after seven consecutive sessions. On Friday, rupee had gained over Re1 or 0.60% to settle at its highest level since November 23 against the greenback. The rupee had been on a gaining spree amid International Monetary Fund (IMF) approval for its sixth review of the Extended Fund Facility (EFF) . Rupee''s winning streak ends, falls marginally against US dollar This is part of a daily fluctuation, as the currency is moving towards stabilisation, Fahad Rauf, Head of Research at Ismail Iqbal Securities Limited, told Business Recorder . Rauf said that despite IMF funding, rupee will remain around 175, amid external pressure on account of import outflows.

While Oil prices have seen significant movements in recent times, with Brent gaining over 20% from the start of 2022 and reaching the highest level si

Brent crude futures edged down 8 cents to $90.70 a barrel by 0825 GMT, while U.S. West Texas Intermediate crude was at $89.18

Brent oil futures inched up 0.17% to $90.93, while crude oil WTI futures edged The post Oil up on surprise drop in U.S. crude, fuel stocks first appeared on Trading and Investment News .

Author: Wed, 2022-02-09 09:38 RIYADH: As oil prices fell from record highs, Saudi Arabias main stock index slipped on Tuesday, snapping its two-day winning streak. TASI ended 0.2 percent lower at 12,225 points, and the parallel market Nomu added 84 points to 25,365. Elsewhere in the Gulf, stock indexes of Abu Dhabi, Dubai, Bahrain, and Kuwait advanced between 0.4 and 0.8 percent, while Omans MSX30 dipped 0.4 percent. The Egyptian blue-chip index EGX30 extended losses, down by 0.2 percent. In the energy market, Brent crude reached $91.2 per barrel, and US benchmark WTI fell to $89.7 per barrel at 7:15 a.m. Riyadh time on Wednesday. Stock news Profits of the Saudi Investment Bank, also known as SAIB, jumped to SR1.06 billion ($283 million) during 2021, bolstered by a fall in expenses Saudi healthcare provider Tibbiyah, formally known as Arabian International Healthcare Holding Co., finalized the book-building, led by Aldukheil Financial Group, with a coverage of 48.8 times. This resulted in an offer price of SR82 per share Al Rajhi Capital has announced the acquisition of Oasis mall by Al Rajhi REIT Fund at SR93 million Saudi cement producer Qassim Cement Co. has seen its profit decline by 30 percent during 2021.