In a report from Century Financial, a copy of which was obtained by Amazon, it was stated that despite the current bullish momentum, major traders fear three main factors that Affecting the Current Oil Rise - Slow global growth that affects oil demand, and shale output in the United States affects oil prices, as the strength of the dollar increases the likelihood of risk aversion to commodities.

The company added in its report that, from now on, the market will closely monitor the headlines from the United States and Saudi Arabia regarding the budget of oil supplies, which will diminish once Iran’s exemptions are completed.

West Texas Intermediate is trying to recover the losses after yesterday at the expense of US crude oil data that showed inventory rose to the level of 5.5 million for the past week against expectations at 0.9 million.

Brent, on the other hand, continues its daily winning streak of 6 consecutive sessions with the rise of the current week, which is the best in recent months.

Equity markets are trading biased all over the world, and South Korea's gross domestic product decreased by 0.3% compared to the previous quarter, reflecting expectations for a rise of 0.3% and this indicates Global weakness because South Korea is an export-driven economy.

As stated in the Century Financial commentary, weak data stimulated demand for the US dollar, which helped it rise above the main resistance level at 97.70 as investors shift from risk to bonds The U.S. Treasury Safe Haven, however, all of this is not bad, as the corporate image of American companies is still good as almost 79% of companies have exceeded earnings estimates.

Among US stock markets, the SPX 500 continues to float near all-time highs, while the Nasdaq 100 has broken above its previous highs to touch on New record. Momentum in the indicators indicates that the current weakness in the economy will not continue and there may be a recovery in the upcoming seasons.

Pointing to the high economic momentum, total credit in the UAE banking system increased by 2% to 1.6751 dirhams in March from 1.6719 billion dirhams in February. The data shows that demand for credit is on the rise and may be the result of federal government stimulus measures that have an impact on the economy, according to the C Financial Commentary.

In major corporate news, Rak Bank’s profits for the first quarter increased by 32% to AED 269.7 million on the back of increased operating income by ...