Day: September 19, 2024

Oil Prices Dip as US Federal Reserve Cuts Rates

Oil prices slipped on Wednesday following a US Federal Reserve announcement to slash interest rates by 50 basis points.

Brent crude futures for November delivery fell five cents to $73.65 a barrel, while US crude futures for October delivery fell

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Oil Prices Rise After US Interest Rate Cut

Oil prices rose on Thursday after a large interest rate cut from the US Federal Reserve, but concerns over global demand lingered and capped gains.

Brent crude futures for November were up 36 cents, or 0.5 percent, to USD 74.01

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Bank of England Keeps Interest Rates Unchanged

The Bank of England (the central bank) on Thursday kept interest rates unchanged at 5 percent , despite the significant 50 basis point cut by the Federal Reserve (the US central bank).

The Bank of England’s Monetary Policy Committee said

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QSE Index Rises 0.32% at Start of Trading

– The general index of Qatar Stock Exchange (QSE) rose 33.33 points, or 0.32%, at the start of trading on Thursday, to reach the level of 10,440 points, compared to yesterday’s closing.

QSE’s figures showed an increase in the performance

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