Oil Prices Gain 1% as Traders Turn Focus on OPEC Meeting Next Week.
Oil prices typically rise when the dollar falls as a weaker dollar makes crude cheaper for buyers holding other currencies.
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EABL’s Profit Rises 124% to Kes 15.6 Billion for the Full Year Ended 30 June 2022
EABL delivered a strong beer performance, up 27 percent, aided by the beer recovery in Kenya. The Group’s spirits category was up 26 percent, boosted by a 27 percent growth in mainstream spirits.
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CBK Maintains CBR at 7.5% in Latest Monetary Policy Review
CBK MPC committee expects domestic inflationary pressures in the near term to ease on account of cooling international commodity prices, mainly oil, wheat, and edible oils.
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Gold Prices Gain to Two-Week High at $1,737.44 as Fed Hikes Rates by 0.75%
A sharp fall in purchases by investors pulled global gold demand down 8% in the second quarter compared to the same period in 2021, the World Gold Council said.
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Oil Prices Edge Higher as Russia Cuts Gas Supply via Nord Stream 1.
Oil Prices also found support as the Group of Seven richest economies aims to have a price-capping mechanism on Russian oil exports in place by Dec. 5.
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