United States
Data on Tuesday showed that U.S. producer prices increased moderately in December
Since October 2022, the organization has cut crude oil production by 5.8 million barrels per day
IMF and OECD estimate that global growth could hit 3.2 to 3.3 percent this year
The company aims to expand into Dubai and Kuwait, targeting growth in MENA, Europe, and North America
The U.S. dollar index fell 0.32 percent to 109.60, remaining near its two-year peak
Crude oil WTI futures for March also fell by 0.3 percent, reaching $77.12 per barrel
Georgieva noted that the U.S. economy is performing "quite a bit better" than anticipated
Western Asia's economy is set to strengthen to 3.5 percent in 2025, driven by improved prospects in Saudi Arabia and Türkiye
Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel
The U.S. dollar index gained 0.17 percent to 109.83, making bullion less attractive for other currency holders
Prices are set for weekly gains as uncertainty over U.S. interest rates and trade tariffs boosts safe haven demand
