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After OPEC+ Production Increase.. Oil Prices Rise
SadaNews - Oil prices rose following the announcement by the "OPEC+" alliance regarding a modest increase in production starting from next October, in a move that reflects the alliance's caution amid expectations of a global supply glut.
The new agreement is seen as a gradual retrea...
Oil Prices Decline for the Twelfth Consecutive Day
SadaNews - Oil prices fell for the second consecutive day, influenced by trader concerns regarding the potential for the "OPEC+" alliance to raise production, alongside indications of an economic slowdown in the United States and industrial data showing an increase in inventories at a majo...
Lebanon: Central Bank Prevents Entry of Funds from Entities Subject to International Sanct...
SadaNews - The Central Bank of Lebanon announced on Tuesday the issuance of a circular prohibiting the entry of any funds into the banking sector from Lebanese entities or organizations subject to international sanctions, particularly U.S. sanctions.
The bank stated in a statement: "The issu...
For the First Time Since 2011.. Silver Price Exceeds $40
SadaNews - The price of silver exceeded $40 per ounce for the first time since 2011, fueled by growing expectations of a rate cut by the Federal Reserve this month, which has boosted investor interest in precious metals.
The spot silver price rose by 1.4% to reach $40.2920 per ounce on Monday, in...