Addition of A380 significantly boosts Etihad's capacity in the US market, providing connections to Middle East and Indian subcontinent
Brent crude, the global benchmark, hit its highest since Opec on November 27, 2014 turned its back on curbing output to support prices, a move that triggered a battle for market share and helped deepen a collapse to $27 in early 2016.
Oil prices began to recover in 2016 as the Organisation of the Petroleum Exporting Countries (Opec) discussed a return to market management with the help of Russia and other non-members. A supply-cutting deal took effect in January 2017.
Brent traded as high as $75.27, gaining for a sixth day, and was up 37 cents at $75.08 by 0845GMT. US crude rose 51 cents to $69.15, having hit its highest since November 28, 2014 on Thursday.
The United States has until May 12 to decide whether to quit a nuclear deal with Iran and reimpose sanctions against Opec's third-largest producer, tightening global supplies.
"Currently, all bets are off on the US staying in the nuclear agreement," said Tamas Varga of oil broker PVM, who added this concern was the most significant element of Brent's recent rally.
Stephen Innes, head of trading for Asia-Pacific at futures brokerage Oanda, said new sanctions against Tehran "could push oil prices up as much as $5 per barrel".
Opec's supply curtailments and the threat of new sanctions are occurring just as demand in Asia, the biggest oil-consuming region, has risen to a record as new and expanded refineries start up from China to Vietnam.
The supply cut has virtually achieved its stated goal of reducing inventories in developed economies to their five-year average, but Opec has shown little sign yet of wanting to wind down the deal.
The latest US inventory figures are expected to show a 2.6-million-barrel drop in crude stocks.
The American Petroleum Institute, an industry group, releases its data for last week at 4:30pm EDT (2030 GMT) on Tuesday, a day before the government's supply report.
One of the factors limiting the oil rally is rising US production. US output, supported by high prices, has hit record levels, partially offsetting the Opec-led cuts.
Addition of A380 significantly boosts Etihad's capacity in the US market, providing connections to Middle East and Indian subcontinent
Suhail underwent a six-month intensive treatment at Abu Dhabi’s Al Mushrif Children’s Specialty Centre
Amid easing tensions over the conflict in the Middle East, the focus will remain on the outlook for when the Federal Reserve may begin to ease policy rates
Nine hundred million shares will be made available in the IPO, representing 25 per cent of the supermarket franchise's total issued share capital
The yellow metal backtracked as geopolitical tensions abated in the Middle East, say experts
The affected families can contact on the number and urgent measures will be taken by Sharjah Social Services Department to help them
It is likely to be humid by night with possibility of fog or mist formation over some internal and coastal areas
For the first time in EMEA, digital channels account for more fraud losses than physical channels