Oil prices
U.S. WTI crude gained 41 cents, reaching $63.43
Brent is on track for a 2 percent weekly fall while WTI crude is set to decline 2.9 percent for the week
U.S. crude oil stockpiles surge by 244,000 barrels, gasoline inventories plummet by 4.5 million: EIA
U.S. crude imports surged 1.14 million barrels daily, the highest increase since late 2024
The U.S. and China could be moving closer to trade talks, which gives oil prices some support
U.S. crude oil inventories fell by about 4.6 million barrels last week, per API data
Trump criticized Fed Chair Powell, warning the U.S. economy could slow without immediate rate cuts
Transport costs in Dubai were down 3.3 percent annually, reflecting the decline in oil prices
Markets remained nervous about aggressive U.S. tariffs and the ongoing trade war with China
New S&P report highlights GCC banks' solid strategies in volatile markets
The May hike is the next increment of the plan to gradually unwind the most recent output cut of 2.2 million bpd
The upgrade is backed by better governance and stronger institutions, enhancing domestic capital markets' depth
