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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Oil slips after unexpected build in US crude and fuel inventories

Brent crude futures were down 74 cents, or 0.8 percent.
By TRENDS Desk
January 11, 2023 3:44 pm
  • US West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8 percent, to $74.53 a barrel, while Brent crude futures were down 62 cents, or 0.8 percent, at $79.48 a barrel
  • US crude stocks jumped by 14.9 million barrels in the week ended Jan. 6, sources said, citing data from the American Petroleum Institute (API)

Singapore – Oil prices fell on Wednesday, erasing the previous sessions gains, after industry data showed an unexpected build in crude and fuel inventories in the United States, the worlds biggest oil user, which reignited worries about fuel demand.

US West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8 percent, to $74.53 a barrel, while Brent crude futures were down 62 cents, or 0.8 percent, at $79.48 a barrel.

US crude stocks jumped by 14.9 million barrels in the week ended Jan. 6, sources said, citing data from the American Petroleum Institute (API). 

At the same time, distillate stocks, which include heating oil and jet fuel, rose by about 1.1 million barrels. 

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