Oil prices inched up during Asian trade on Wednesday despite a surprise jump in US stockpiles, driven by geopolitical risks and forecasts of an eventual inventory drawdown during the third quarter peak demand season.

Brent crude oil futures rose 40

Gold prices were subdued on Wednesday ahead of crucial US inflation data due this week, which could offer more clarity on the timing of the Federal Reserve’s first interest rate cut this year.

Spot gold was flat at $2,319.95 per

The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of US price data at the end of the week.

The euro eased marginally

A top Federal Reserve official has backed more interest rate rises if inflation remains at its current level, noting that immigration and aggressive fiscal stimulus are likely to keep US prices rising more quickly than in other rich economies, the

Doha: The general index of Qatar Stock Exchange (QSE) rose 7.78 points, or 0.08%, at the beginning of trading on Wednesday, reaching 9,835 points, compared to yesterday’s closing.

The QSE general index was supported by a rise in four sectors:

The main Saudi stock index closed Wednesday, down 74.42 points, to close at 11,656.35 points, with trades worth SR 5.4 billion .

The volume of shares traded amounted to 280 million shares, shared in more than 470,000 transactions, in which