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Haque: UAE, Saudi Non-Oil Growth Resilient

02:29am, Thursday, 23'rd May 2024
Khatija Haque, Emirates NBD, Chief Economist and Head of Research, discusses UAE growth for 2024. She speaks with Joumanna Bercetche and on Horizons: Middle East & Africa.
WTI and Brent crude prices fell 0.20%, prompting speculation about a potential bullish correction in the market.
Oil prices eased for a fourth straight day on Thursday on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand.
Citi Research continues to expect that OPEC+ will hold its production cuts through the third quarter of this year, it said in a note on Wednesday.
U.S. lawmakers behind a congressional probe of major oil companies on Wednesday called on the Justice Department to investigate whether the industry deceived the public about fossil fuels' impact on c
Oil markets are moving lower amid demand worries.

Copper Rallies, Crude Oil Remains Below $80

12:13pm, Wednesday, 22'nd May 2024
Futures are lower after new record highs on Tuesday. Jake Hanley discusses this and explains the copper rally.
Gasoline inventories declined by 0.9 million barrels.
The crude oil market has fallen a bit in the overnight trading session, as the crude oil build was higher than expected in the United States.
U.S. crude oil and global benchmark Brent are down more than 2% for the week.
Oil futures fell early Wednesday, on track for a three-day losing streak, after industry data showing a rise in U.S. crude and gasoline inventories amplified worries over the outlook for demand.
Rising inventories, weak global demand, and the Fed's higher rates stance signal a bearish short-term outlook for crude oil prices.
Oil prices dropped 0.25% amid an unexpected inventory build, sparking concerns over demand and high interest rates impacting the energy market.
Oil prices fell for a third straight session on Wednesday on expectations the Federal Reserve could keep U.S. interest rates higher for longer due to sustained inflation, potentially impacting fuel us
A decisive advance above Monday's high of $80.64 would trigger a bullish breakout for crude oil above key moving averages and a downtrend line.
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