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By Farhan RafidOil prices rose in early European trading Tuesday as the shutdown of Saudi Arabia's East-West Pipeline and recent territorial gains by Houthi militants in Yemen kept concerns over Middle East crude supplies elevated.Brent crude futures rose 1.8% to $107.59 a barrel, while West Texas…
UAE stock markets closed higher on Friday, with Dubai outperforming its regional peer as oil prices jumped amid concerns over Middle East shipping-route attacks and potential supply disruption.
Oil prices rose early Thursday amid supply disruption concerns following a fresh flare-up in Middle East tensions. Government bonds retreated after disappointment over the U.S. Treasury Department’s latest debt buyback plan.
The euro held little changed just below $1.16 near a two-week low amid risk aversion tied to renewed Middle East hostilities and their economic impact. Brent rose to fresh six-week highs; Eurozone inflation topped nearly three-year levels.