Media reports had suggested the trip would begin as soon as Sunday and last two days
WTI Crude jumped over six per cent to $21.31 per barrel while Brent gained 2.27 per cent to $27.02 on Tuesday morning. Crude had slumped to an 18-year low on Monday as the coronavirus shutdown destroyed demand.
Oil markets have faced a double whammy from the coronavirus outbreak and a price war between Saudi Arabia and Russia after Opec and other producers failed to agree on deeper cuts to support oil prices in early March.
Trump and Putin agreed during a phone call on Monday to have their top energy officials discuss stabilising oil markets, the Kremlin said on Monday.
“President Trump called President Putin to discuss oil. Presumably, in an attempt to get Russia to pull up a chair to the negotiating table with Saudi Arabia or maybe even loosening sanctions on Russia,” said Stephen Innes, market strategist at AxiTrader.
waheedabbas@khaleejtimes.com
Media reports had suggested the trip would begin as soon as Sunday and last two days
Visitors can enjoy movies with family favourites, including ‘The Jungle Book’, ‘Jumanji’ and ‘Zootopia’ to match the wild theme every evening from 8pm
Sheikh Mohamed conveyed his congratulations to all eight honourees, recognising their inspiring efforts and significant contributions in service to society
His father thanked everyone who participated in the search mission despite the challenges posed by flooding in various parts of the emirate
It will be humid by night and Sunday morning with a probability of mist formation over some coastal and internal areas
Nearly 6,000 volunteers linked to a single support group are working tirelessly across the country to help those affected
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents
The substantial increase in charges left many residents financially burdened, as they strive to retrieve their stranded vehicles