Oil prices have risen to the highest level since July 2015 as Saudi Arabia’s chief has consolidated its power of breaking corruption, just to change the global stock and curb currency holdings maintained.
The price of US crude oil fell by more than $ 56 a barrel for the first time more than two years ago when brutal suppression by Mohammed Salman leads to transplantation to arrest of noble ministers and investors, including billionaire prominent Alwaleedom Bin Talal. Brent’s oil futures LCOc1 rose by 3.5 percent to $ 16.30 to $ 64.23 a barrel. ET.
Prince Mohammed’s Reforms include a plan to close parts of Saudi Aramco’s state oil company next year, where crude oil prices are considered to be beneficial for future market capitalization of these companies.
The suppression has caused concern about the withdrawal of the Middle East from global financial markets. The request of the Chinese Central Bank governor to adjust the financial regulations also affects investors around the world.
The MSCI World .MIWD00000PUS index, which tracks shares in 47 countries, grew by 0.11 percent
The Pan-European STOXX 600 was closed by 0.13 percent more. Its own stock market in Saudi Arabia lost 1.5 percent before gaining 0.1 percent, partly because of the purchase of government bonds.
The feeling for the US dollar was positive, since the funds with funds cut for the first time since the end of July made the bearish bets.
“There are adjustments to the market expectations of the US dollar, and the current situation in Saudi Arabia, but the market movements are tight,” said Alberto Gallo, head of the Macro Algebra strategy. Investing in London.
NASDAQ at the summit
The three major indices of US stocks are closed at historical falls. Investors focused on the biggest merger technology.
Technological Nasdaq Composite .IXIC composite index reaches record after chips Broadcom Ltd. (AVGO.O) has volunteered Qualcomm Inc. (QCOM.O) to buy up to $ 103 billion.