The city's public transport system has many strict rules and regulations in place to ensure that everyone can have a safe and enjoyable journey
A surprise crude inventory gain in top consumer the United States last week also pressured prices, with US crude for January down 20 cents at $83.66 a barrel by 0935 GMT, after rising $2.61 or 3.2 percent on Wednesday, the biggest single-session percentage gain in four months.
ICE Brent declined 19 cents to $85.65.
“It’s basically flat from yesterday’s close. With Thanksgiving today, whenever you’ve a public holiday in the US, people typically wait for NYMEX to reopen for direction,” BNP Paribas’ senior oil market analyst Harry Tchilinguirian said.
Trading volumes are set to be subdued as the New York Mercantile Exchange (NYMEX) combines trades for Nov. 25 and Nov. 26 into one single trading session because of Thursday’s Thanksgiving holiday.
“It’s a short week and with the US closed, I don’t see much direction away from yesterday’s close,” Tchilinguirian said, adding that euro zone debt developments together with China’s inflation prospects will be the main two drivers behind risk-appetite.
In the absence of any major economic indicators, market focus lingered on Ireland’s debt woes after Dublin announced a 15 billion euro belt-tightening plan, but failed to quell fears other euro zone members will run into debt difficulties.
Debt worries kept the euro close to a two-month low, while the dollar index, a measure of its performance against six other major currencies, inched up 0.3 percent by 0934 GMT.
Oil tumbled to 2010 lows under $65 in May as the Greek debt crisis dampened confidence about the global economic recovery, and rebounded to a two-year high of $88.63 on Nov. 11.
Earlier this week, prices dropped to near $80 after North Korea’s deadly artillery barrage against a South Korean island that boosted the value of the dollar and reduced the appetite for riskier commodity assets.
Initial jobless benefits claims in the US fell to their lowest level in more than two years last week while consumer spending rose for a fourth straight month in October, reports showed on Wednesday, fuelling hopes the economic recovery is strengthening.
US crude oil stockpiles rose 1.03 million barrels in the week to Nov. 19 as crude imports jumped by more than a million barrels per day, the US Energy Information Administration said on Wednesday.
Analysts polled by Reuters had expected crude stocks to fall 2.1 million barrels, but the jump reported by the EIA was much less than the American Petroleum Institute’s report showing stockpiles increased 5.2 million barrels.
Gasoline stocks rose 1.91 million barrels, the EIA said, against expectations for a 600,000-barrel draw, and distillate stocks fell 541,000 barrels, much less than analysts’ expectations for a larger 1.2 million-barrel draw.
The city's public transport system has many strict rules and regulations in place to ensure that everyone can have a safe and enjoyable journey
Palestinian Ambassador to UNESCO Monir Anastas said the 'inscription is a message of hope to our people in Gaza, who are fleeing bombs with no shelter, no food or water'
The said delays are expected between the intersection of Hatta Road and Al Ain Road towards Abu Dhabi
Veerendra Kumar said he was cheated by a job agent who had promised him a job in Qatar but sent him to Saudi
The government authority announced the road closure on social media platform X
Around 800,000 passengers are expected to be affected over the weekend as the damage is heavy and labour-intensive to repair
A total of 17 candidates secured the All India Rank (AIR) 1 as per the final results while earlier the number was 67
Authority said the exercise will involve movement of military vehicles and urged residents to stay away from designated areas