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Oil falls from seven-year high as Russia tensions offset Fed tightening | Reuters

Oil falls from seven-year high as Russia tensions offset Fed tightening | Reuters Oil prices fell on Thursday after Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide supply with expectations the U.S. Federal Reserve will soon tighten monetary policy.Global benchmark Brent fell 62 cents to settle at $89.34 a barrel, while U.S. crude closed 74 cents lower at $86.61 a barrel in a volatile session with both contracts see-sawing between posi...
Tags: Travel, Europe, Russia, Ukraine, United Arab Emirates, Brent, Yemen, Fed, Reuters, Reuters Oil, U S Federal Reserve, Rupert Neil Bumfrey


Oil at seven-year high as Ukraine crisis overshadows Fed | Reuters

Oil at seven-year high as Ukraine crisis overshadows Fed | Reuters Oil extended gains to seven-year highs above $90 a barrel on Thursday as the Ukraine crisis outweighed signs that the U.S. Federal Reserve will tighten monetary policy.Brent crude futures were up 89 cents, or 1%, at $90.85 a barrel by 1217 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 87 cents, or 1%, at $88.22.Crude prices had surged on Wednesday, with Brent climbing above $90 a barrel for the first time in sev...
Tags: Travel, Europe, Russia, Ukraine, Fed, Reuters, Reuters Oil, U S Federal Reserve, West Russia, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


Oil falls as looming U.S. rate hikes spook investors | Reuters

Oil falls as looming U.S. rate hikes spook investors | Reuters Oil prices fell on Thursday as the U.S. dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world's biggest oil user.Futures pulled back amid a broader decline in financial markets after the Fed telegraphed a March interest rate increase and as the dollar climbed against its major peers. Dollar-denominated oil becomes more expensive for buyers using other currencies when the greenba...
Tags: Travel, Wti, Federal Reserve, Fed, Reuters, Reuters Oil, Commonwealth Bank, Federal Open Markets Committee, Rupert Neil Bumfrey, Vivek Dhar


Oil slips as investors lock in profits ahead of Fed update | Reuters

Oil slips as investors lock in profits ahead of Fed update | Reuters Oil prices slipped on Wednesday as investors locked in profits ahead of an update from the U.S. Federal Reserve and the U.S. Energy Information Administration's inventory data, but concerns over tighter supply amid geopolitical tensions capped losses.Oil prices hit seven-year highs last week on worries that supplies could tighten due to Ukraine-Russia tensions. U.S. President Joe Biden said on Tuesday he would consider person...
Tags: Travel, Europe, Vladimir Putin, Russia, Western, Joe Biden, Iran, Ukraine, Middle East, United Arab Emirates, Federal Reserve, Yemen, Fed, Reuters, Reuters Oil, U S Federal Reserve


Oil falls 2% as Fed rate hike talk spooks risk markets | Reuters

Oil falls 2% as Fed rate hike talk spooks risk markets | Reuters Oil prices fell about 2% on Monday, hit by investor concerns over the possibility of quicker than expected interest-rate hikes by the U.S. Federal Reserve that took down risk markets such as equities while the dollar rallied.Wall Street stocks slumped, after last week posting their worst week since 2020, pulling down other risk assets like crude."Everything is being taken out to the wood shed and the wood shed is a pretty crowded...
Tags: Travel, Wall Street, Fed, Reuters, U S Federal Reserve, Rupert Neil Bumfrey, John Kilduff, Again Capital Management Brent


#Dubai sees biggest fall in over a month after Houthi attack intercepted | Reuters

Dubai sees biggest fall in over a month after Houthi attack intercepted | Reuters Most stock markets in the Gulf ended lower on Monday, in line with global shares, while the Dubai index saw its biggest fall in over a month as the United Arab Emirates intercepted another attack by the Houthis.Dubai's main share index (.DFMGI) declined 2%, dragged down by a 3.5% drop in blue-chip developer Emaar Properties (EMAR.DU) and a 1.9% fall in top lender Emirates NBD (ENBD.DU).The United Arab Emirate...
Tags: Travel, Europe, Saudi Arabia, Qatar, Iran, Middle East, United Arab Emirates, Dubai, Federal Reserve, Abu Dhabi, Yemen, Uae, Gulf, Fed, Reuters, Emirates NBD


Oil falls on strong dollar and potential Fed rate rises | Reuters

Oil falls on strong dollar and potential Fed rate rises | Reuters Oil prices fell on Monday, hit by a stronger dollar and investor concerns over the possibility of quicker than expected increases to interest rates by the U.S. Federal Reserve.Brent crude fell $1.42, or 1.6%, to $86.47 a barrel by 1430 GMT. U.S. West Texas Intermediate (WTI) crude dropped $1.70, or 2%, to $83.44.The dollar rose to a two-week high on Monday against a basket of currencies, lifted by the tension between Russia and ...
Tags: Travel, Europe, Russia, Ukraine, West, Middle East, Fed, Reuters, Reuters Oil, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, U S Federal Reserve Brent


MIDEAST DEBT Underwhelming Aramco pipelines-linked bonds signal risk for longer tenor Gulf debt | Reuters

MIDEAST DEBT Underwhelming Aramco pipelines-linked bonds signal risk for longer tenor Gulf debt | Reuters An underwhelming bond sale by investors in Aramco's oil pipelines points to new risks for longer tenor deals from the Gulf, especially unconventional structures, as investors become more selective amid ample supply and worries over a more hawkish Fed.EIG Pearl Holdings, led by U.S.-based EIG Global Energy Partners, sold $2.5 billion in dual-tranche amortising bonds on Thursday - far short ...
Tags: Travel, Treasury, Gulf, Fed, Reuters, Aramco, Rupert Neil Bumfrey, EIG Global Energy Partners, Fed EIG Pearl Holdings


#UAE markets drop after Fed officials signal March rate hike | Reuters

UAE markets drop after Fed officials signal March rate hike | Reuters Stock markets in the United Arab Emirates ended in the red on Friday, mirroring weakness in Asian peers, as more Fed policymakers signalled they would start to raise U.S. interest rates in March to combat inflation.Dubai's main share index (.DFMGI) fell 0.4% after gains in the previous session, as Emirates NBD Bank (ENBD.DU) shed 1.1% and blue-chip developer Emaar Properties (EMAR.DU) lost 0.8%.Abu Dhabi's index (.FTFADG...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Uae, Fed, Reuters, Reuters Stock, Rupert Neil Bumfrey, Emaar Properties EMAR DU, International Holding Company, Emirates NBD Bank ENBD, Etisalat Group ETISALAT


Oil edges lower on profit-taking, rate hike worries | Reuters

Oil edges lower on profit-taking, rate hike worries | Reuters Oil prices edged lower on Thursday as investors took profits after two days of gains amid fears of aggressive U.S. interest rate hikes, but the losses were cushioned by expectations of a strong economic recovery that will boost demand in a tightly supplied market.U.S. West Texas Intermediate (WTI) crude futures settled down 52 cents, or 0.6%, at $82.12 a barrel, after rising 5.6% over the last two days.Brent crude futures fell 20 ce...
Tags: Travel, Federal Reserve, Fed, Reuters, Reuters Oil, Chicago Federal Reserve, Charles Evans, Rupert Neil Bumfrey


Oil holds near $85/bbl on stronger demand prospects | Reuters

Oil holds near $85/bbl on stronger demand prospects | Reuters Oil prices were little changed on Thursday, with Brent crude trading near $85 a barrel, buoyed by expectations that a strong economic recovery will boost demand, but prices were pressured by rising U.S. inventories and fears of aggressive U.S. interest rate hikes.Brent crude futures fell 18 cents, or 0.2%, to $84.52 a barrel, by 1133 a.m. ET (1634 GMT). It had gained 4.7% over Tuesday and Wednesday.U.S. West Texas Intermediate (WTI)...
Tags: Travel, New York, Brent, Fed, Reuters, Reuters Oil, Rupert Neil Bumfrey, John Kilduff, Again Capital Management


Oil Surges Alongside Equities as Powell Reassures Investors - Bloomberg

Oil Surges Alongside Equities as Powell Reassures Investors - Bloomberg Oil jumped by the most in month after Jerome Powell’s comments to the Senate Banking Committee appeared to be less hawkish than the Federal Reserve had recently telegraphed. West Texas Intermediate crude rose, in tandem with equity markets, as much as 3.8%, to the highest since November 16. Markets were supported after the Federal Reserve Chair said at some point this year he and his colleagues will allow the Fed’s $8.77 t...
Tags: Travel, Federal Reserve, Fed, Powell, Federal Reserve Chair, Jerome Powell, Senate Banking Committee, Rupert Neil Bumfrey, Powell Reassures Investors Bloomberg, Powell Reassures Investors Bloomberg Oil, Vital Knowledge, Adam Crisafulli


Gulf bourses close mixed ahead of Powell testimony | Reuters

Gulf bourses close mixed ahead of Powell testimony | Reuters Stock markets in the Gulf ended mixed on Tuesday, as investors awaited U.S. Federal Reserve Chair Jerome Powell's appearance before the Senate Banking Committee, hoping for cues on the timing of expected policy tightening.In Abu Dhabi, the index (.ADI) dropped 0.3%, extending losses for a sixth session, with Emirates Telecommunications Group (ETISALAT.AD) losing 1.8%.Dubai's main share index (.DFMGI) retreated 0.7%, hit by a 0.8% ...
Tags: Travel, Egypt, Dubai, Brent, Abu Dhabi, Uae, Gulf, Fed, Reuters, Powell, Adi, Reuters Stock, Jerome Powell, Senate Banking Committee, U S Federal Reserve Chair, Tasi


Most Gulf bourses fall on Fed minutes, rising COVID-19 cases | Reuters

Most Gulf bourses fall on Fed minutes, rising COVID-19 cases | Reuters Major Gulf bourses ended lower on Thursday on worries over higher U.S. interest rates and the rapid spread of the Omicron coronavirus variant. Minutes from the Federal Reserve's December meeting showed that a tight jobs market and unrelenting inflation could require the U.S. central bank to raise rates sooner than expected and begin reducing its overall asset holdings.  read more Saudi Arabia's benchmark index  (.TASI)...
Tags: Travel, Asia, Saudi Arabia, Opec, United Arab Emirates, Kazakhstan, Federal Reserve, Abu Dhabi, Uae, Gulf, Fed, Reuters, Emirates NBD, U S, Adi, Commercial Bank


Oil rises around 2% on strong U.S. demand, upbeat Fed outlook | Reuters

Oil rises around 2% on strong U.S. demand, upbeat Fed outlook | Reuters Oil prices rose around 2% on Thursday, as record U.S. implied demand, falling crude stockpiles and an upbeat economic outlook from the Federal Reserve trumped fears of the Omicron coronavirus variant hurting global consumption.Crude and other risk assets such as equities also got a boost after the Fed gave an upbeat economic outlook, lifting investor spirits even as the U.S. central bank flagged a long-awaited end to monet...
Tags: Travel, Federal Reserve, Fed, Reuters, Reuters Oil, Rupert Neil Bumfrey, Phil Flynn, Chicago Brent


Oil rises towards $75 as U.S. demand and Fed outweigh virus concern | Reuters

Oil rises towards $75 as U.S. demand and Fed outweigh virus concern | Reuters Oil rose towards $75 on Thursday, supported by record U.S. implied demand and falling crude stockpiles, even as the spread of the Omicron coronavirus variant threatens to put a brake on consumption globally.Crude and other risk assets such as equities also got a boost after the U.S. Federal Reserve gave an upbeat economic outlook, which lifted investor spirits even as the Fed flagged a long-awaited end to its monetar...
Tags: Travel, Fed, Reuters, Reuters Oil, U S Federal Reserve, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, U S Energy Information Administration EIA


Most Gulf markets fall as cenbank decisions, Omicron fears loom | Reuters

Most Gulf markets fall as cenbank decisions, Omicron fears loom | Reuters Most stock markets in the Gulf ended lower on Wednesday over Omicron worries and as investors worldwide await the U.S. Federal Reserve's plan to wind down asset purchases and start raising interest rates. The Fed's decision will set the tone for the central banks of the European Union, the UK and Japan when they meet this week, and add to pressure for policy tightening in emerging markets.  read more Omicron coronav...
Tags: Travel, Japan, UK, Saudi Arabia, Qatar, European Union, Dubai, Federal Reserve, Abu Dhabi, Gulf, Fed, Reuters, U S Federal Reserve, Adi, Tasi, Rupert Neil Bumfrey


Most Gulf bourses fall in early trade; #Saudi gains | Reuters

Most Gulf bourses fall in early trade; Saudi gains | Reuters Most stock markets in the Gulf eased in early trade on Wednesday as investors worldwide awaited the U.S. Federal Reserve's plan to wind down asset purchases and start raising interest rates.The Fed's decision will set the tone for the central banks of the European Union, the UK and Japan when they meet this week, and add to pressure for further tightening in emerging markets. read moreIn Abu Dhabi, the index (.ADI) lost 0.3%, hit by ...
Tags: Travel, Japan, UK, Saudi Arabia, European Union, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Fed, Reuters, U S Federal Reserve, Saudi Basic Industries Corp, Qatar National Bank, Rupert Neil Bumfrey, Al Rajhi Bank


JUDGEMENT OF THE Missouri Court stopping Biden’s COVID restrictions and mandates

We know that the Circuit Court of Cole County, Missouri has ruled against covid mandates recently. Yesterday the judgement (PDF) was issued. THE PRESIDENT OF USA HAS LOST. And given the arguments here, the President is certain to lose the trial as well. Defendants are preliminarily enjoined from the implementation and enforcement of 86 Fed. […]
Tags: Travel, Usa, Current Affairs, Biden, Fed, Missouri Court, Circuit Court of Cole County Missouri


Oil prices on track for weekly dip as dollar firms | Reuters

Oil prices on track for weekly dip as dollar firms | Reuters Oil prices fell on Friday, wiping out gains from the previous session, as the dollar continued to gain on bets the U.S. central bank will bring forward plans to raise rates to tame inflation.U.S. West Texas Intermediate (WTI) crude futures fell 61 cents, or 0.8%, to $80.98 a barrel at 0749 GMT, reversing Thursday's 25 cent gain.Brent crude futures dropped 65 cents, or 0.8%, to $82.22 a barrel."The greenback may hold its strength unti...
Tags: Travel, Singapore, Fed, Reuters, Reuters Oil, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Leona Liu


Oil prices plunge into close, roiled by inflation fears | Reuters

Oil prices plunge into close, roiled by inflation fears | Reuters Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration was looking for ways to reduce energy costs amid a broader surge in inflation.Brent and U.S. crude futures dropped sharply at the end of the session as traders sold out of riskier assets, including stocks and commodities, driven by expectations that central bankers will take steps to curb rising prices.Consumer inf...
Tags: Travel, White House, Joe Biden, Fed, Reuters, Reuters Oil, U S Federal Reserve, Rupert Neil Bumfrey, Phil Flynn, Price Futures Group There 's


#UAE’s First Federal Debt Adds to Borrowing Rush Before Fed Taper - Bloomberg

UAE’s First Federal Debt Adds to Borrowing Rush Before Fed Taper - Bloomberg The United Arab Emirates is marketing the first bond sale in its 50-year history as a combined federation, joining the rush of emerging-market borrowers tapping investors before the Federal Reserve starts winding down its pandemic stimulus. The securities, which are denominated in dollars, will mature in 10 and 20 years, according to a person familiar with the matter who’s not authorized to speak publicly and asked no...
Tags: Travel, London, Taiwan, United Arab Emirates, Dubai, Treasury, Federal Reserve, Abu Dhabi, Uae, Sharjah, Fed, Formosa, Abu Dhabi Dubai, Rupert Neil Bumfrey, Richard Segal, Ambrosia Capital Based


Mideast Stocks: Most Gulf markets close higher; #Dubai falls | ZAWYA MENA Edition

Mideast Stocks: Most Gulf markets close higher; Dubai falls | ZAWYA MENA Edition Most stock markets in the Gulf ended higher on Thursday, extending gains from the previous session, although the Dubai index bucked the trend to closer lower.Positive sentiment takes hold of the markets after the much-anticipated Federal Reserve meeting this week, said Wael Makarem, senior market strategist Exness. The Fed kept its monetary policy unchanged on Wednesday and hinted that the asset purchase program t...
Tags: Travel, Iraq, Opec, Egypt, United Arab Emirates, Dubai, Federal Reserve, Abu Dhabi, Gulf of Mexico, Uae, Gulf, Fed, Rupert Neil Bumfrey, Industries Qatar, Most Gulf, Gulf Egypt


MIDEAST STOCKS Most Gulf bourses claw back; #Saudi extends losses | Reuters

MIDEAST STOCKS Most Gulf bourses claw back; Saudi extends losses | Reuters Most stock markets in the Gulf rebounded on Wednesday, amid rising oil prices and ahead of the outcome of the U.S. Federal Reserve's policy meeting due later in the day.Investors are waiting for the Fed's announcement, during which it will announce its position regarding its monetary policy and how it intends to handle its asset purchasing program, said Wael Makarem, senior market strategist at Exness."Investors r...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Fed, Reuters, U S Federal Reserve, Adi, Rupert Neil Bumfrey, Industries Qatar, Al Rajhi Bank, Gulf Egypt, First Abu Dhabi Bank


MIDEAST STOCKS Most Gulf bourses follow global shares higher | Reuters

Most stock markets in the Gulf settled higher on Monday, building on gains from the previous session as global shares hovered around record highs on signs the Fed won't rush to wind down its massive stimulus.Gains in world stock markets helped lift investor confidence in the Gulf, said Daniel Takieddine, senior market analyst at FXPrimus.Underpinning positive sentiment in global equity markets was Friday's Jackson Hole speech by U.S. Federal Reserve Chair Jerome Powell in which he said taper...
Tags: Travel, Russia, Opec, Dubai, Abu Dhabi, Gulf, Fed, Reuters, Adi, Jerome Powell, U S Federal Reserve Chair, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Industries Qatar, Gulf Egypt


MIDEAST STOCKS Most major Gulf bourses fall on fed taper, virus fears | Reuters

MIDEAST STOCKS Most major Gulf bourses fall on fed taper, virus fears | Reuters Most major stock markets in the Gulf ended lower on Thursday amid concerns about the continuing spread of the Delta coronavirus variant and Fed tapering, while banks bolstered the Qatari index."GCC equities were affected by the US Federal Reserve's minutes publication. The release revealed diverging opinions among its members regarding various topics, however, they were all in tune regarding the necessity to st...
Tags: Travel, Saudi Arabia, GCC, Dubai, Abu Dhabi, Gulf, Fed, Reuters, Us Federal Reserve, Commercial Bank, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, QSI, Gulf Egypt, Masraf Al Rayan


ADCB's Malik Sees Signs of Persistent Inflation - Bloomberg video

ADCB's Malik Sees Signs of Persistent Inflation - Bloomberg Monica Malik, Chief Economist at Abu Dhabi Commercial Bank discusses the upcoming U.S. CPI data and the prospect of monetary tightening by the Fed. She speaks with Yousef Gamal El-Din and Manus Cranny on "Bloomberg Daybreak: Middle East." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Fed, Malik, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey, ADCB, Monica Malik, Bloomberg Daybreak, Yousef Gamal El Din


#Saudi, #Dubai Stocks Slump On Reflation Trade Slowdown: Inside EM - Bloomberg

Saudi, Dubai Stocks Slump On Reflation Trade Slowdown: Inside EM - Bloomberg Shares listed in Dubai and Saudi Arabia extended a slump triggered by the pullback in the reflation trade globally due to factors including the effect of the delta strain on economic recovery. “The decline is linked to a partial unwind in the global reflation trade,” said Divye Arora, a portfolio manager at Daman Investments in Dubai “The trade was impacted by Fed making a hawkish tilt leading to yield curve flatteni...
Tags: Travel, Saudi Arabia, Bloomberg, Dubai, Fed, Riyadh, Emirates NBD, Air Arabia, NCB Capital, Rupert Neil Bumfrey, Dubai Islamic Bank, Almarai, Daman Investments, Divye Arora, Nauman Khan, Saudi Research and Media


Emerging market portfolio net foreign inflows nearly triple in June -IIF | Reuters

Emerging market portfolio net foreign inflows nearly triple in June -IIF | Reuters Foreign net flows to emerging market equity and debt portfolios accelerated in June to nearly three times the May figure despite a hawkish tilt from the U.S. Federal Reserve mid-month, data from the Institute of International Finance (IIF) showed Thursday.The net estimated $28.1 billion inflows in June compared with $10.9 billion inflows in May, the data showed.Debt flows accounted for $18.9 billion of total flo...
Tags: Travel, Asia, China, Middle East, Latin America, Fed, Reuters, IIF, U S Federal Reserve, Europe Africa, Reuters Foreign, China China, Rupert Neil Bumfrey, Institute of International Finance IIF, Jonathan Fortun


#UAE central bank raises benchmark interest rate in step with Fed | Reuters

UAE central bank raises benchmark interest rate in step with Fed | Reuters The United Arab Emirates central bank raised its key overnight interest rate by 5 basis points on Thursday, in step with a similar move by the U.S. Federal Reserve a day earlier.The UAE's base rate for overnight deposits is anchored to the Fed's Interest on Excess Reserves (IOER), which the U.S. central bank raised by 5 basis points to 0.15% at the end of a two-day policy meeting on Wednesday.The UAE central bank said i...
Tags: Travel, United Arab Emirates, Uae, Fed, Reuters, U S Federal Reserve, US Federal Reserve Board, Rupert Neil Bumfrey



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