– US stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points.
The S and P 500 lost 16.37 points, or 0.29%, to end at 5,618.21 points,
US crude oil stockpiles dipped to their lowest level in a year last week, while fuel inventories rose, the Energy Information Administration (EIA) said.
Crude inventories fell by 1.6 million barrels to 417.5 million barrels in the week ending Sept.
The State of Qatar chaired the fifth extraordinary meeting of the Undersecretaries of Ministries of Industry of the Gulf Cooperation Council (GCC) countries, which was held today in Doha.
The meeting was attended by Their Excellencies, the Undersecre…
European shares were flat on Wednesday, as investors stayed on the sidelines ahead of an all-important interest rate decision by the US Federal Reserve that could mark the beginning of a monetary-easing cycle in the world’s largest economy.
The pan-E…