Saudi Arabia expects $11 billion inflows from JP Morgan bond index entry | Reuters:
Saudi Arabia said it expects inflows of around $11 billion into the country’s debt as a result of the inclusion of its international bond issues in JP Morgan’s emerging markets bond indexes.
Saudi Arabia, together with the United Arab Emirates, Qatar, Bahrain and Kuwait, will enter JP Morgan’s emerging market government bond indexes next year, JP Morgan announced last week.
The move is expected to attract a total of around $30 billion of new foreign investment into their debt.
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Saturday, 29 September 2018
Brent hits 4-year high as U.S. sanctions on Iran tighten supply | Reuters
Brent hits 4-year high as U.S. sanctions on Iran tighten supply | Reuters:
Oil prices rose more than 1 percent on Friday, with Brent climbing to a four-year high, as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production.
Brent crude LCOc1 futures rose $1 to settle at $82.72 a barrel. The session high of $82.87 was the contract’s highest since Nov. 10, 2014. In the third quarter, Brent has gained about 4 percent.
U.S. West Texas Intermediate (WTI) crude CLc1 futures rose $1.13 to settle at $73.25 a barrel. The session high of $73.73 was the highest since July 11. The contract is up about 5 percent this month but down around 1 percent for the quarter.
Oil prices rose more than 1 percent on Friday, with Brent climbing to a four-year high, as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production.
Brent crude LCOc1 futures rose $1 to settle at $82.72 a barrel. The session high of $82.87 was the contract’s highest since Nov. 10, 2014. In the third quarter, Brent has gained about 4 percent.
U.S. West Texas Intermediate (WTI) crude CLc1 futures rose $1.13 to settle at $73.25 a barrel. The session high of $73.73 was the highest since July 11. The contract is up about 5 percent this month but down around 1 percent for the quarter.