Commodities

Kuwaiti crude oil price reached $47.33 per barrel on Friday - (Photo Credit: Arabianeye-Reuters)
25 March 02:33 PM Kuwait oil down $0.12 pb
The price of Kuwaiti oil went down by 12 cents to $47.33 per barrel (pb) on Friday, compared to $47.45 pb on Thursday, said Kuwait Petroleum Corporation (KPC) on Saturday. Meanwhile, oil prices went up slightly in the international markets with …
Photo Credit: Arabianeye-Reuters
25 March 01:17 PM Oman oil down 20 cents
Mubasher: The price of Oman oil futures for May delivery decreased by 20 cents per barrel, according to the data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $49.67 per barrel (pb) on Friday, compared to …
Brent Crude Oil registered $50.99 per barrel - (Photo Credit: Arabianeye-Reuters)
25 March 11:47 AM Oil prices down on worries of rise in supply
Mubasher: Oil prices declined in the week ended Friday due to growing fears of reaching a supply glut. The price for West Texas Intermediate (WTI) futures fell by 1.39% to $48.10 per barrel (pb) down from $48.78 pb in the week before. Meanwhile, …
Gold reached $1,243 per ounce by Friday - (Photo Credit: Arabianeye-Reuters)
25 March 10:56 AM Gold prices up 1.7% in week
Mubasher: Gold prices increased during the week that ended Friday 24 March, for the second consecutive week. The price of the precious metal went up by around 1.7% to $1,243 per ounce, compared to $1,229.80 per ounce by the end of the week before. …
(Photo Credit: Arabianeye-Reuters)
23 March 04:38 PM Egypt temporarily postpones Brazilian meat imports – Ministry official
By: Mostafa Adel Cairo – Mubasher: The Ministry of Agriculture decided to postpone importing Brazilian meat until it confirms the products’ validity for human consumption, the ministry’s official spokesperson Hamed Abdel Dayem said. Meats imports …
Photo Credit: Arabianeye-Reuters
21 March 02:13 PM Oman oil up $0.51 on Monday
Mubasher: The price of Oman oil futures for May delivery increased by 51 cents per barrel, according to data by the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $50.93 per barrel (pb) on Tuesday, compared to $50.42 …
Omani crude oil reached $50.42 per barrel - (Photo Credit: Arabianeye-Reuters)
20 March 04:02 PM Oman oil down $0.2
Mubasher: The price of Oman oil futures for May delivery decreased by 21 cents per barrel, according to the data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $50.42 per barrel (pb) on Monday, compared to …
Photo Credit: Arabianeye-Reuters
19 March 08:40 PM Egypt receives two oil shipments from Saudi Aramco
By: Ahmed Allam Cairo - Mubasher: The Egyptian minister of petroleum and mineral resources announced on Sunday that Egypt has received two diesel shipments from Saudi Aramco on Friday and Saturday. The minister's remarks were made on the sidelines …
(Photo credit: Arabianeye - Reuters)
19 March 06:40 AM Oil to see more declines on higher US output
By: Mahmoud Gamal Mubasher: The price of oil is expected to fell below $50 this week with increased US inventories, according to analysts. Last week, Brent crude oil shed 0.76% to $51.76 per barrel; US crude also lost 0.6% to $48.78 per barrel. …
(Photo credit: Arabianeye - Reuters)
19 March 06:38 AM Gold to rise, US dollar to decline on slow rate – Analysts
By: Mahmoud Gamal Mubasher: The US Federal Reserve's latest hints about the slowdown of increasing the interest rate this year will encourage investors to buy gold this week and push the US dollar to more declines, according to analysts. In last …
Photo Credit: Arabianeye-Reuters
18 March 12:55 PM Oman oil down 51 cents
Mubasher: The price of Oman oil futures for May delivery decreased by 51 cents per barrel, according to data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $50.63 per barrel (pb) on Friday, compared to $51.14 …
Kuwaiti crude oil reached $48.40 per barrel - (Photo Credit: Arabianeye-Reuters)
18 March 12:40 PM Kuwait oil down $0.4
Mubasher: The price of Kuwait oil decreased by 40 cents on Friday, according to the Kuwait Petroleum Corporation (KPC). The Kuwaiti crude registered $48.40 per barrel (pb) on Friday down from $48.80 pb on the day before, Kuwait News Agency (KUNA) …
Photo Credit: Arabianeye-Reuters
18 March 10:47 AM Gold prices rise 2.4% in week
Mubasher: Gold prices went up in the week ended Friday, with the US dollar saw mild movement. During last week, the price of the precious metal increased by around 2.4% to $1,229.80 per ounce, compared to $1,200.70 per ounce by the end of last …
(Photo credit: Arabianeye-Reuters)
16 March 06:32 AM Gold prices rise despite Fed decision
By: Mahmoud Gamal Mubasher: Gold prices rose early Thursday despite an increase in the value of the US dollar after the US Federal Reserve decided to increase interest rates by 0.25%. By 03:10am GMT, spot gold grew 1.97% to $1,224.35 an ounce, …
Photo Credit: Arabianeye-Reuters
15 March 03:44 PM Oman oil up $0.34pb
Mubasher: The price of Oman oil futures for May delivery increased by 34 cents per barrel, according to data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $50.41 per barrel (pb) on Wednesday, compared to …
Photo Credit: Arabianeye-Reuters
14 March 01:23 PM Oman oil down $0.12 pb
Mubasher: The price of Oman oil futures for May delivery decreased by 12 cents per barrel, according to data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $50.07 per barrel (pb) on Tuesday, compared to $50.19 …
Photo Credit: Arabianeye-Reuters
13 March 06:05 PM Oman oil down $1.13
Oman - Mubasher: The price of Oman oil futures for May delivery decreased by $1.13 per barrel, according to data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $50.41 per barrel (pb) on Monday, compared to …
Photo Credit: Arabianeye-Reuters
11 March 02:20 PM Kuwait oil down to $49
Kuwait - Mubasher: The price of Kuwaiti oil went down by $1.23 on Friday, the Kuwait Petroleum Corporation (KPC) said on Saturday. Kuwaiti crude registered $49 per barrel Friday down from $50.23 (pb) on Thursday. Oil prices also decline on the …
Brent Crude closed the week at $51.37 per barrel - (Photo Credit: Arabianeye-Reuters)
11 March 02:12 PM Oil prices fall on US production rise
Mubasher: Oil prices decreased in the week ended Friday, for the second consecutive week, amidst growing fears of a supply glut due to the increase in American production, which may recede the OPEC output deal. The price for West Texas …
Gold ended the week at $1,200.70 per ounce - (Photo Credit: Arabianeye-Reuters)
11 March 10:50 AM Gold prices down 2nd week in row
Mubasher: Gold prices has declined in the week ended last Friday, as the US Federal Reserve is expected to raise interest rates during its upcoming week on 15 March. During last week, the price of the precious metal decreased by 2.02% to $1,200.70 …
Gold prices fell 0.36% to $1,196.94 per ounce by 11:00am GMT (Photo Credit: Arabianeye-Reuters)
10 March 02:29 PM Gold prices likely to rally by end-2017
Mubasher: Gold prices are expected to rise by around $200 by the end of 2017, according to a report by the corporate and investment banking division of Bank of America. Prices are likely to reach 1,400 per ounce by year-end, backed by inflation …
Photo Credit: Arabianeye-Reuters
8 March 02:38 PM Oman oil down $0.38pb
Mubasher: The price for Oman oil futures for May delivery declined by 38 cents per barrel (pb) on Wednesday, as per the data of the Dubai Mercantile Exchange (DME). The data showed that Omani crude prices decreased to $54.39 pb compared to $55.77 …
Kuwaiti crude oil reached $52.01 per barrel - (Photo Credit: Arabianeye-Reuters)
4 March 03:46 PM Kuwait oil down 80 cents
Kuwait - Mubasher: The price of Kuwaiti oil declined by 80 cents, said Kuwait Petroleum Corporation (KPC) on Saturday. The Kuwaiti crude reached $52.01 per barrel (pb) on Friday, compared to $52.81 pb last Thursday, Kuwait News Agency (KUNA) …
(Photo Credit: Arabianeye-Reuters)
4 March 03:30 PM Oman oil reaches $54.27
Mubasher: The price of Oman oil futures for April delivery decreased by $1.02 per barrel, according to the Dubai Mercantile Exchange (DME). Omani crude registered $54.27 per barrel (pb) on Friday, compared to $55.36 pb on Thursday. It’s worth …
Gold prices are expected to decline to 1,220-1,200 points (Photo Credit: Arabianeye-Reuters)
26 February 06:17 AM US dollar likely to strengthen; gold prices to decline
By: Mahmoud Gamal Mubasher: The US dollar is expected to rise this week, amid anticipations of strong economic data that will increase the possibility of a rate hike by the US Federal Reserve next month; thus, pushing gold prices down. The US …