He clarifies that the offer accepted by Hamas is a softened version of Egyptian proposal, which is not acceptable to Israel
mena8 hours ago
Benchmark crude was up 1 cent at $89.79 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 35 cents to $89.78 on Monday in New York. Brent crude was down 14 cents at $106.06 on the ICE futures exchange in London.
Oil has climbed after last week’s vow from European Central Bank chief Mario Draghi to do whatever it takes to keep the euro common currency intact.
Similar remarks from the leaders of France and Germany have created a chorus of support for the beleaguered euro, which was facing a new challenge to its existence as a surge in Spain’s borrowing costs raised the prospect that one of Europe’s biggest economies could ask for a bailout.
The ECB meets Thursday and expectations are high that Draghi will announce that the central bank plans to resume purchases of government bonds to lower borrowing costs of financially troubled European countries as well as take other steps.
Such announcements could push the price of higher oil. It has fallen from about $106 a barrel nearly three months ago as Europe’s debt crisis dragged on the global economy and China’s growth slowed, reducing demand for crude.
In other energy futures trading, gasoline was down 1 cent at $2.81 a gallon and heating oil fell 0.8 percent to $2.87 a gallon. Natural gas rose 0.4 cent to $3.218 per 1,000 cubic feet.
He clarifies that the offer accepted by Hamas is a softened version of Egyptian proposal, which is not acceptable to Israel
mena8 hours ago
These areas will serve a growing population and will act as green corridors that link service areas, residential areas, and workplaces
uae8 hours ago
The Kremlin specifies that the exercises are a response to statements by French President Emmanuel Macron and British officials
world9 hours ago
Hopes for a September cut rose after the non-farm payroll report on Friday
markets9 hours ago
He also stabbed three other workers, leaving them with serious injuries
uae9 hours ago
Dubai FinTech Summit kicked off on Monday with over 200 exhibitors
business9 hours ago
There were no immediate details over what the agreement entailed
mena9 hours ago
Authorities are currently investigating the sightings
uae10 hours ago