Saudi Arabia

Saudi Arabia News

• Crude Drops for First Time in Three Days as Saudis Deny Report of Damage

  Updated 41 minutes ago

  Oil fell for the first time in three days after Saudi Arabia denied a reported pipeline explosion in its Eastern province and as the dollar headed for its biggest weekly gain in two months.

• Oil Is Poised for Weekly Decline After Saudi Denial of Pipeline Explosion

  Updated 1 hour, 11 minutes ago

  Oil fell in New York and headed for the first weekly decline in four after Saudi Arabia denied a reported pipeline explosion in its Eastern province.

• Saudi Arabia May Widen Gap Between Light, Heavy Oil, Survey Says

  Updated 3 hours, 3 minutes ago

  The price difference between Saudi Arabia’s lightest and heaviest crude oils for buyers in Asia is set to rise to the biggest in six months.

• Sub-Sahara Africa Stocks: KenolKobil, Total Kenya Are Active

  Kenya’s All-Share Index advanced for the ninth straight day, gaining 1 percent to 60.05 as of 1:48 p.m. in Nairobi, the longest rally since September 2010.

• Emerging Stocks Advance on U.S Data, China Congress

  Updated 1 hour, 4 minutes ago

  Emerging-market stocks rose, with the benchmark index set for a third weekly gain, after U.S. jobless claims fell and amid speculation China may introduce policies to support growth at a national congress next week.

• German Bunds Rise as Retail Sales Drop; Italian Bonds Gain for Eighth Week

  Updated 2 hours, 19 minutes ago

  German 10-year bonds rose, snapping two days of declines, after the nation’s retail sales unexpectedly fell, stoking concern that the sovereign debt crisis is weighing on the region’s economic recovery.

• Japanese Stocks Advance on U.S. Jobs Data, European Bailout Fund Optimism

  Japanese shares advanced, with the Nikkei 225 Stock Average rising to a seven-month high, after U.S. jobless claims fell to a four-year low and on signs European leaders will speed the establishment of a permanent bailout fund to help contain the debt crisis.

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  Putin Favored Spurring SocGen to Recommend Buying Calls: Russia Overnight

  Investors are too bearish on Russian equities and should bet on a rally using options as Vladimir Putin will probably win the presidential election and implement reforms to stay in power, according to Societe Generale SA.

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  Oil Rises to $110 on Report of Pipeline Explosion

  Oil climbed over $110 a barrel for the first time since May after an Iranian state-run news channel reported an explosion on a pipeline in Saudi Arabia. A Saudi official said no oil facilities were sabotaged.

• Commodities Rally to Highest Level Since May, Led by Soaring Energy Prices

  Commodities rose to the highest since May, led by surging energy prices, as tensions in the Middle East escalated and improving economic data signaled rising demand for raw materials.

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