The bank lowered the discount rate to 2.5 percent, the sixth reduction since
October 2008, “to provide an atmosphere conducive to the growth of non-oil
sectors in the local economy by reducing the cost of lending,” Central Bank
Governor Sheikh Salem Abdul Aziz al-Sabah said yesterday,
North American Commodity Update Commodities - Energy Oil Marks a Critical Trend
Break as Sentiment Extends its Descent Crude Oil (LS NYMEX) -
$71.02 // -$2.12 // -2.90% After suffering its largest
single-day decline since July Thursday, crude would put in for a
Crude oil tumbled the most in six months as the US dollar gained and a drop in
stocks bolstered skepticism that the economic recovery will be sustained. Oil
fell as much as 5.9 per cent as the greenback climbed versus the euro, curbing
the appeal of commodities as an alternate
North American Commodity Update Commodities - Energy Oil Extends its Risk-Based
Recovery with the Largest Single-Day Rally since November Crude Oil (LS NYMEX)
- $77.12 // $2.69 // 3.61% The recovery in yield
appetite continued Tuesday, and the subsequent effects on
Crude oil tumbled the most in six months as the US dollar gained and a drop in
stocks bolstered skepticism that the economic recovery will be sustained. Oil
fell as much as 5.9 per cent as the greenback climbed versus the euro, curbing
the appeal of commodities as an alternate
