Oil prices
Expectations of a significant increase in U.S. oil inventories tempered optimism in the market for now
U.S. and China cut tariffs temporarily, boosting markets but leaving uncertainties unresolved.
Despite gains, oil prices have suffered significant losses in 2025 due to slowing demand and rising production
Crude stocks fell by 4.5 million barrels recently, with analysts expecting further declines in inventories
Brent crude futures reached $61.20, while U.S. West Texas Intermediate settled at $58.05 a barrel
Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions
GCC economies are expected to grow 3 percent in 2025 and 4.1 percent in 2026
Last month, Brent and WTI marked their biggest percentage drops since November 2021
Primary market dollar issuance shows promise despite recent quietness in the GCC region
After a price increase in February, petrol rates saw a slight decrease in March and April
Trump's tariffs have raised fears of a potential recession in the global economy this yearÂ
