Israel's military campaign against Hamas has reduced much of the territory of 2.3 million people to a wasteland with most civilians homeless
Benchmark crude for January delivery was up 11 cents to $75.58 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost 99 cents to settle at $75.47 on Friday.
Top oil officials from Libya, Kuwait, Algeria and Qatar said Saturday that the Organization of the Petroleum Exporting Countries, which supplies about 35 percent of the world’s crude, will likely leave output levels unchanged at the group’s next policy meeting on Dec. 22.
Saudi Arabia’s oil minister, Ali Naimi, said Saturday that oil prices, which have bounced around the high $70s for about two months, were “perfect.”
Oil traders are also eyeing the U.S. dollar as some investors buy crude as a hedge against inflation and a weaker U.S. currency.
On Friday, crude fell to a seven-week low after the Labor Department said the unemployment rate fell to 10 percent in November from 10.2 percent a month earlier, sparking a rally in the dollar.
The euro rose to $1.4864 in Asian trading Monday from $1.4851 on Friday while the dollar fell to 89.80 yen from 90.25.
In other Nymex trading in January contracts, heating oil rose 0.97 cent to $2.04 and gasoline was steady at $1.98. Natural gas jumped 11.5 cents to $4.70 per 1,000 cubic feet.
In London, Brent crude for January delivery rose 28 cents to $77.80 on the ICE Futures exchange.
Israel's military campaign against Hamas has reduced much of the territory of 2.3 million people to a wasteland with most civilians homeless
The event caters to diverse interests, including medicine and emerging career paths
Organised by Ameeraga Tamil Sangam, the event had participants from across the UAE
The esteemed initiative delivered essential grocery food baskets to around 5,000 deserving families across 14 Bangladeshi districts
Judges for the AI awards not only recognise excellence and innovation, but also assess performance and monitor progress in artificial intelligence computing and responses
A plea moved in court stated that no one is permitted to wear the official state institution outfit
Bayer Leverkusen boss Xabi Alonso had been the favourite to succeed Klopp but has now committed himself to the German club after leading them to a first-ever Bundesliga title
Sheikh Hamdan joined the kids as they browsed through some photos that captured how they used broomsticks and helped their community