Oil price edges up in volatile session
The Peninsula
Doha: Oil prices settled slightly higher after a wild trading session on Friday, popping up as media reports said US air strikes on Venezuela could be...
Doha: Oil prices settled slightly higher after a wild trading session on Friday, popping up as media reports said US air strikes on Venezuela could begin within hours and then retreating after US President Donald Trump issued a denial on social media.
Brent crude futures settled at $65.07 while US West Texas Intermediate (WTI) crude finished at $60.98. For the week, Brent rose by 1.3% and WTI fell by 0.8%.
The US has deployed a task force centered around the nation’s largest aircraft carrier, Gerald Ford, off the coast of Venezuela, far beyond the needs of attacking drug traffickers on small boats, the focus of US naval activity in the Caribbean in recent weeks.
Meanwhile, sources told Reuters that Saudi Arabia, the world’s top oil exporter, may reduce its December crude price for Asian buyers to multi-month lows, sounding a bearish note.
Asian spot LNG prices held steady last week, amid tepid demand and healthy inventories in the region.
Riyadh: The Gulf Cooperation Council (GCC) states expressed their deep concern regarding the two directives known as the Corporate Sustainability Due...
Riyadh: The Gulf Cooperation Council (GCC) states expressed their deep concern regarding the two directives known as the Corporate Sustainability Due...
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