Oil
Oil markets faced pressure from weak PMI data from China, indicating ongoing struggles in business activity
Explore how regional macroeconomic indicators affect currency pairs involving GCC currencies like the AED and SAR
Non-hydrocarbon sectors thrive due to tourism, construction, public spending, and growth in financial services
Oil prices fall 0.6 percent to $77.82 as Trump pushes for lower crude prices, higher U.S. production
West Texas Intermediate crude futures dropped 0.6 percent to $74.21 per barrel
West Texas Intermediate crude futures dropped by 0.2 percent, settling at $75.27 per barrel
Market participants are focusing on upcoming U.S. inventory data for insights into supply dynamics
Oil demand in 2025 is projected at nearly 106 million barrels per day, up from 104.6 million
Vision 2030 initiatives expected to boost non-oil growth by 10 percent in the Kingdom
This follows the July 2024 Al-Nokhatha field discovery, with reserves of 3.2 billion barrels
West Texas Intermediate crude futures saw a 0.9 percent decline, reaching $76.69 per barrel
West Texas Intermediate crude futures also rose by 0.2 percent to $77.56 per barrel
