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Oil prices end week up in volatile trade ahead of OPEC meeting

NEW YORK: Oil prices were up slightly in heavy, seesaw trading on Friday, giving back most earlier gains after news that major producers would consider additional supply a day after U.S. President Donald Trump again blasted the cartel.

Global benchmark Brent crude settled 10 cents higher at $78.80 a barrel. U.S. light crude rose 46 cents to $70.78 a barrel, more than $1 below the session high of $71.80.

Treasury Pulse

THE US dollar weakened by 0.62% to close at 93.912, its seven-week low following the improvement in risk appetite in the global markets while Dow Jones and S&P500 closed 2.3% to 26,657 and 1.5% to 2,931.

Bursa closes higher for third straight day, Chinese markets rally

KUALA LUMPUR: Bursa Malaysia saw third consecutive day of gains as it was lifted by a rally in global stocks following a change in sentiment over the current state of the world's economy.

Oil set for weekly gain on Iran risk while Trump pressures OPEC

OIL headed for a second weekly advance as investors seek clues on whether OPEC will replace Iranian output, while the US president pressures the group to lower prices.

Local equity extends gains on mounting optimism

KUALA LUMPUR: Bursa Malaysia extended its gains in a broad-based rally as confidence grew that countermeasures to cushion the impact of the trade war would offset the negatives.

Goldman backs commodities as investors shrug off trade war shots

SINGAPORE: Commodity bull Goldman Sachs Group Inc. says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in major economies remains strong, and consumers who’d put off purchases in recent months start buying again.

Asian stocks extend recovery as trade worries take back seat

TOKYO: Asian stocks extended gains on Friday after Wall Street's S&P 500 set a new all-time high, while the dollar slipped as investors viewed Beijing's and Washington's fresh exchange of import tariffs as less harmful than initially feared.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade, extending the recovery from its 14-month low hit on Sept. 12 to 3.6 percent.  Japan's Nikkei rose 0.5 percent, hitting an eight-month high.  On Wall Street, trade-sensitive industrial stocks led the gains on Thursday. The Dow Jones Industrial Average rose 0.95 percent while the S&P 500 gained 0.78 percent, both hitting record highs.

Bursa jumps in early trade as global momentum picks up

KUALA LUMPUR: Bursa Malaysia jumped in the early morning session as it seemed the global rally had picked up steam overnight.

Oil prices slip as Trump calls on OPEC to lower prices (Update)

SEOUL: Oil prices dipped on Friday after falling in the previous session as U.S. President Donald Trump urged OPEC to lower crude prices ahead of its meeting in Algeria this weekend.

Brent crude oil settled down 78 cents at $78.70 a barrel. U.S. light crude was down 32 cents to settle at $70.80 a barrel after rising nearly 2 percent on Wednesday.

Saudi Arabia's privatisation push slows

This comes amid delayed Aramco listing

Reformer: The privatisation programme is part of Crown Prince Mohammed Salman’s Saudi Vision 2030 to transform the economy and envisages the sale of stakes in ports, railways, utilities and airports. — AFP

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