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Dollar Recovers as ECB, BoE Decisions Loom

Hong kong: The dollar steadied at the start of Asian trade on Thursday ahead of interest rate decisions from the European Central Bank (ECB) and the Bank of England (BoE), both of which are expected to keep rates on hold later in the global day. The U…

Oil Prices Fall 2% as Fears of Potential Supply Disruptions Ease

Muscat: Oil prices fell about 2% on Thursday after the US and Iran agreed to hold talks in the Omani capital, Muscat, on Friday, easing concerns that a potential military conflict between them could disrupt supply. Brent crude futures fell $1.44, or 2…

US Crude Oil, Distillate Inventories Decline

Washington: The US Energy Information Administration (EIA) announced a decline in US crude oil and distillate inventories, while gasoline inventories rose last week.

According to Qatar News Agency, the EIA, the statistical arm of the US Department of…