Business
Oil rises on storm and Houthi supply fears; gold slips ahead of Fed minutes
October 7, 2026 at 08:31 AM
Coverage
4 reports · over 6 hours
AJAl Jazeera Arabic
النفط يصعد والذهب يتراجع وسط ترقب السياسة الأمريكية
(opens the publisher’s site)
MAMasrawy
انخفاض سعر الذهب اليوم الأربعاء في بداية التعاملات الصباحية
(opens the publisher’s site)
MAMasrawy
استقرار سعر الذهب اليوم الأربعاء في بداية المعاملات الفورية
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MAMasrawy
ارتفاع أسعار النفط اليوم الأربعاء في بداية المعاملات الصباحية
(opens the publisher’s site)Crude futures climbed Wednesday on storm and Houthi attack supply concerns while gold slipped as investors awaited Federal Reserve policy signals.
- Brent futures rose 0.72% to $101.30 a barrel and WTI 0.5% to $89.80 on Wednesday.
- Saudi Energy Minister Prince Abdulaziz bin Salman said East-West pipeline pumping rose to 5.8 million barrels per day by Tuesday morning.
- Saudi civil aviation said airports in Jazan and Najran were attacked Monday amid fighting between Riyadh and Yemen's Houthis.
- Spot gold fell 0.76% to $4,132.25 an ounce as investors awaited minutes from the latest Federal Reserve meeting.
- San Francisco Fed President Mary Daly said she backed September's rate hike but further increases depend on whether inflation shocks persist.
- Participants at the London Bullion Market Association's annual meeting projected gold reaching $5,013 per ounce within 12 months.