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Brent crude oil experienced its biggest one-day drop in two years yesterday, shortly after Trump accused OPEC of manipulating world oil prices and following the Escalating tensions. US trade between the US and China, which weakens demand for oil, as well as news that Libya has reopened oil ports, increasing forecasts of increased supply and demand for oil. Oil supply in the markets.

S-73.40 The largest movement in percentage terms since February 9, 2016.

Oil prices also fell as the dollar rebounded following a strong US inflation report and unexpected, boosting US interest rates twice this year. The strength of the dollar weakens commodities denominated in the US dollar, including oil and gold, which fell below $ 1,250 an ounce. The dollar appreciated against other major currencies, especially against the Japanese yen, reaching its highest level in six months. The yuan, the Chinese currency, suffered its biggest single-day loss since the beginning of 2016. Chinese equities saw the largest liquidation in three years.

The dollar stands at 112.24 yen. US oil exports have benefited from the imminent expiration of sanctions against Iran, where oil in India, the world's third-largest economy, is turning to buying American oil instead of oil. Iran and Venezuela, a victory for the US administration. US oil exports to India hit a record high in June, twice as much as in 2017. The US is expected to export 15 million barrels of oil to India in the end July, against 8 million barrels in 2017.

Beirut Stock Exchange

Solidere's share price on the Beirut Stock Exchange rose 0.41% to close at $ 7.24 with 11643 shares traded at $ 84,267. The "B" clbad price rose 0.13% to close at $ 7.36, trading 6700 shares valued at $ 48.958. Yesterday, the shares of the Bank of Beirut increased from 0.05% to 94 dollars. Bank Audi's stock price rose 1.90% to 5.35 dollars.

The Beirut Stock Exchange had 35,490 shares valued at $ 60,242, through 29 exchanges involving 6 shares. The market value of the shares increased by 0.18% to close at $ 10.356 million

Stock Markets
The dollar stabilized nearly nine days yesterday, backed by the l & # 39; worries that US inflationary pressures will accelerate The prevailing view is that any escalation in the trade dispute between the United States and its partners will fuel inflation and push the Federal Reserve to increase rates of inflation. Interest of at least two other times this year. With fears of a decline in the catalyst effect of US tax cuts next year and fears that the rhetoric of the trade war is fueling sales in global stock markets, some badysts recommend not buying the dollar. The dollar climbed 0.3% to 112.29 yen after rising 1.3% on Wednesday, breaking the 112 yen barrier for the first time since Jan. 10.

The dollar index, which measures the strength of the currency against a basket of 6 major currencies, to A at 94.763 in Wednesday's session

Meanwhile, the euro lost his momentum and reached $ 1.1675, further from the peak of 1.19905 of three and a half weeks, hit Monday.

The average Nikkei stock in Japan rose yesterday as the yen, which eased fears of a trade war and heightened sentiment, weighed on Softbank after a US hedge fund bought a $ 1 billion stake in the company. The Nikkei closed up 1.2% to 22,187.96 points

European action rose yesterday, supported by strong media performances, following a new bid for British Sky TV.
The STOXX 600 index of European stocks rose 0.1%

Oil

The Brent rose more than a dollar yesterday, offsetting some losses in the energy and financial services sectors. After losing the biggest single-day drop in two years during the session After the revival of oil exports and growing trade tensions between the United States and China, Brent rose by $ 1.23, or 1.7% to 74.63 dollars a barrel, after falling 6.9% on Wednesday. US crude oil futures prices climbed 46 cents or 0.7% to $ 70.84 a barrel after falling 5% in the previous session Gold

The prices of US crude oil Gold rose yesterday after two declines, amid fears of a tumultuous trade war between the United States and China.

The spot price of gold was volatile at 0.2 percent at $ 1244 per ounce. During the previous trading session, the price fell 1% to a one week low of $ 1,240.89

US gold futures were stable at $ 1244 l & # 39; oz. And money rose 0.7% in cash transactions to 15.86 dollars an ounce