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Category: Industry

Oil prices continue to decline

Bethlehem – Ma’an – Oil prices continued to decline in trading today, Wednesday, and the price of a barrel of Brent crude fell below the level of $82 for the first time since last March 13.

By 11:47 Moscow time, global Brent crude futures contracts f…

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Oil Slips on Rising US Stockpiles

Singapore, Oil prices fell in early Asian trade on Wednesday as industry data showed a pile up in both crude and fuel inventories in the US, a sign of weak demand.

Brent crude oil futures fell 30 cents, or 0.36%, to $82.86 a barrel. US West Texas Int…

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Gold Rangebound as Investors Look for Rate Hike Clues

Singapore, Gold prices were confined to a narrow range on Wednesday as market participants assessed the timeline for potential US interest rate cuts.

Spot gold rose 0.1% to $2,317.44/oz. US gold futures gained 0.1% to $2,326.40.

For other precious m…

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The dollar declines and stabilizes at 3.7 shekels

Bethlehem Together – The dollar was trading this morning at 3.7 shekels, a level about 0.5% lower than the level at which the dollar was trading yesterday.

The euro fell by about 0.7% and is trading at 3.98 shekels, and the pound sterling fell by abo…

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17 tons of expired materials were seized last month

Ramallah – Ma’an – The Ministry of National Economy said that the Ministry’s consumer protection crews seized 17 tons of expired materials that violated mandatory technical instructions, most of them non-national, during the month of April.

The Minis…

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Despite its global decline… Basra crude prices rise

Baghdad, The prices of Basra Heavy and Medium crude oil recorded an increase today, Wednesday, despite the decline in global oil prices.

Basra Heavy crude prices rose $1.24 to reach $82.29, and Basra Medium crude prices rose $1.8 to reach $85.39.

Gl…

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