Emirati Jiu-Jitsu stars win 23 medals, athletes grab 11 medals, and People of Determination excel with 14 medals
U.S. crude oil futures were up by 57 cents at $50.19 a barrel by 1110 GMT in a relatively narrow trading range between $49.06 and $50.20 so far on Friday.
For much of the week, oil trade has been influenced by equity markets, viewed as an indicator of future economic strength and the potential for higher oil demand, and fluctuations in the dollar price.
“The dollar weakened yesterday and it is weakening further. Equities are holding well at this moment so that is providing support to oil prices,” said Olivier Jakob with Petromatrix.
European shares opened higher on Friday led by banks, following Thursday’s Wall Street gains, partly lifted by remarks from U.S. Treasury Secretary Timothy Geithner.
Writing in the Financial Times ahead of meetings of G7 and G20 officials in Washington later on Friday, he said there were signs of improvement in global markets and the world economy.
Its impact was offset by the levels of inventories in the United States, the world’s top oil consumer, which are the highest for almost 19 years.
Oil storage tanks are also close to capacity in many other places in the world and, according to some estimates, oil companies have stored about 100 million barrels oil ships floating on the sea. That is more than the world’s daily oil demand of roughly 84 million barrels.
The oil market has stagnated around $50 a barrel for most of this most, nearly $100 below last July’s all-time high of $147.27.
Emirati Jiu-Jitsu stars win 23 medals, athletes grab 11 medals, and People of Determination excel with 14 medals
The first of seven phases, Friday's vote covered 166 million voters in 102 constituencies across 21 states and territories
The unique showcase brings together a diverse lineup of comedians from India and Pakistan, promising an hour of non-stop entertainment
Work teams across all customs centres continued to process cargo clearance and inspections
The UN chief urges international community to work together to prevent any actions that could push the entire Middle East over the edge
This punishment sent out a message to all teams of the importance of maintaining a healthy pace throughout a match
Only 10 of Gaza's 36 hospitals are currently even partially functioning
The updated Meta AI assistant will be given more prominent billing within Meta's Facebook, Instagram, WhatsApp and Messenger apps