Oil prices gained slightly during early trade today, boosted by expectations as the US interest rate cut last week will support demand. Brent crude futures for November were up 20 cents, or 0.3% at $74.69 a barrel. US crude futures for November were up 22 cents, or 0.3%, at $71.22. Both contracts rose in the previous session on support from the US interest rate cut and a dip in US supply. Last Wednesday, the US Federal Reserve cut interest rates by half a percentage point. Interest rate cuts typically boost economic activity and energy demand. Source: Oman News Agency
Related Articles
UN Peacekeeping Force Condemns Israel’s Incursion into Lebanon
The United Nations’ peacekeeping force in Lebanon has condemned Israel’s ground offensive in southern Lebanon launched earlier today, saying it violates the country’s “sovereignty and territorial integrity.”
The United Nations Interim Force in Lebano…
PLO: UNRWA classification is Israeli disdain for international community
Ramallah – Ma’an – The Palestine Liberation Organization (PLO) considered, on Monday, Israel’s classification of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) as a “terrorist organization” as “disdain” for the international…
iGA CE participates in 8th GCC eGovernment Ministerial Committee meeting
Manama, As per the directives of General Sheikh Rashid bin Abdullah Al Khalifa, Minister of Interior and Chairman of the Ministerial Committee for Information and Communication Technology (MCICT), Mohammed Ali Al Qaed, Information and eGovernment A…