Oil prices remained stable in early trade today, with a potential of increased supply entering the market amid weak global demand growth. Brent crude futures for December delivery rose 13 cents, or 0.18%, to $71.83 a barrel. US West Texas Intermediate oil futures for November delivery rose 11 cents, or 0.16%, to $68.28 per barrel. Oil markets have been under pressure from weaker-than-expected demand growth this year (2024), particularly in China, the world's biggest crude importer. Those demand concerns were reinforced yesterday (Monday) after data showed the country's manufacturing activity shrank for a fifth month in September 2024. Source: Oman News Agency
Related Articles
Floods Cause Dam Crack in Northeastern China
Authorities in northeastern China’s Liaoning Province have announced a crack in a dam on a river, after water levels rose due to continuous heavy rains in the province. The crack, about 18 meters long, occurred this morning in a dam on the Wanghe Rive…
Vibrant Ahneh plant thrives in Imam Turki bin Abdullah Royal Reserve
Rafha, Teucrium oliverianum, commonly known as “Ahneh,” is a captivating native plant flourishing in the Arabian Peninsula. Renowned for its evergreen or semi-evergreen leaves and striking blue-violet flowers, this member of the Lamiaceae family has b…
Mawlawi calls on international community, Arab countries to exert diplomatic & political efforts to protect Lebanon
Caretaker Minister of Interior and Municipalities, Judge Bassam Mawlawi, stressed the “necessity of combining all international efforts to implement Resolution 1701,” underlining that its implementation will render Lebanon more committed to internatio…