Oil and Euromed shares boost their gains

Oil and Euromed shares boost their gains



26/7/2017 12:00 am

Baghdad / Follow-up morning
Oil prices continued to gain on Tuesday after Saudi Arabia pledged to restrict exports from next month, and OPEC has called on a number of its members to increase their commitment to production cuts to help curtail supply surpluses and address falling prices. European stocks also received support in early trading.
The gains were supported by Halliburton's chief executive warning that the growth in the number of North American oil rigs showed signs of stability that could threaten the production of shale oil in the United
States.
By 0705 GMT, London's benchmark Brent crude for September delivery rose 22 cents, or 0.5 percent, to $ 48.82 a barrel after rising 1.1 percent in the
previous settlement .
US crude futures rose 23 cents, or 0.5 percent, to $ 46.57 a barrel.
OPEC and independent producers discussed at a meeting in St. Petersburg on Monday a 1.8-month extension of the cut-off deal.
European stocks received support in early trade on Tuesday, with commodities and banking firms surging, with strong results.
The results season remains a top concern for investors, though the focus will also be on the Federal Reserve meeting, which begins later on
Tuesday.
The STOXX 600 index of European shares rose 0.3 percent, boosted by the rise in mining and banking shares, while the STOXX 50 index of leading shares in the euro area rose 0.4 percent.
Germany's DAX <.DXI> was up 0.1 percent, while Britain's FTSE 100 <.FCHI> rose 0.5 percent.
The results of the companies saw momentum and the leading British real estate developer Seguro and Informa Media Group led the list of winners after good results for the first half were welcomed. Both shares increased 4.5 percent. The technology sector received support after AMES, which supplies components for Apple's iPhone, raised revenue targets. 3 percent boosted by gains in mining and banking stocks. The STOXX 50 index of leading shares in the eurozone rose 0.4 percent. Germany's DAX <.DXI> was up 0.1 percent, while Britain's FTSE 100 <.FCHI> rose 0.5 percent. The results of the companies saw momentum and the leading British real estate developer Seguro and Informa Media Group led the list of winners after good results for the first half were welcomed. Both shares increased 4.5 percent. The technology sector received support after AMES, which supplies components for Apple's iPhone, raised revenue targets. 3 percent boosted by gains in mining and banking stocks. The STOXX 50 index of leading shares in the eurozone rose 0.4 percent. Germany's DAX <.DXI> was up 0.1 percent, while Britain's FTSE 100 <.FCHI> rose 0.5 percent. The results of the companies saw momentum and the leading British real estate developer Seguro and Informa Media Group led the list of winners after good results for the first half were welcomed. Both shares increased 4.5 percent. The technology sector received support after AMES, which supplies components for Apple's iPhone, raised revenue targets. The results of the companies saw momentum and the leading British real estate developer Seguro and Informa Media Group led the list of winners after good results for the first half were welcomed. Both shares increased 4.5 percent. The technology sector received support after AMES, which supplies components for Apple's iPhone, raised revenue targets. The results of the companies saw momentum and the leading British real estate developer Seguro and Informa Media Group led the list of winners after good results for the first half were welcomed. Both shares increased 4.5 percent.
The technology sector received support after AMES, which supplies components for Apple's iPhone, raised revenue targets.

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