Category: August 1, 2024

Oil prices jump nearly 3 % as US inventories fall

Oil futures jumped about three percent amid investor concerns about the expansion of the conflict in the Middle East, and after a sharp decline in US crude inventories.

Brent crude futures for September delivery rose $2.09 per barrel, or 2.66 %, to $…

FM holds political consultations with Cypriot FM

The Minister of Foreign Affairs and Emigration, Badr Abdelatty, received on Thursday, August 1, Konstantinos Kompos, Minister of Foreign Affairs of Cyprus, at the Ministry of Foreign Affairs headquarters.

In a statement by Ambassador Ahmed Abu Zeid, …

Gold Hits Two-week High after Fed Chief’s Rate Statements

Gold prices climbed to a two-week high on Thursday as US Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September.

Spot gold was steady at $2,448.38 per ounce, after hitting its highest level since July 18 e…