About 1.2 million people are currently sheltering in the Palestinian city
Oil prices rose on Tuesday on expectations of a recovery in the global economy after US Senate approval of a $1.9 trillion stimulus bill and on a likely drawdown in crude oil inventory in the United States.
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But a stronger dollar and receding fears of oil supply disruption from Saudi Arabia after an attack on its oil facilities capped price gains.
Brent crude futures for May rose by 32 cents, or 0.5 per cent, to $68.56 a barrel by 0125 GMT, while US West Texas Intermediate (WTI) crude for April rose 19 cents, or 0.3 per cent, to $65.24.
“Fundamentals remain incredibly supportive, especially with Saudi Arabia in full control pursuing a tight oil policy,” Stephen Innes, chief global markets strategist at Axi said in a note.
“Brent is currently holding up above $68, suggesting speculators are likely dipping their toes back in after yesterday’s chaos.”
Investor focus, meanwhile, remains on the prospects for a global economic recovery.
US Treasury Secretary Janet Yellen said on Monday that President Joe Biden’s $1.9 trillion coronavirus aid package will provide enough resources to fuel a “very strong” US economic recovery.
US crude oil and refined product stockpiles likely fell last week, with distillate inventories seen drawing down for fifth straight week, a preliminary Reuters poll showed on Monday.
About 1.2 million people are currently sheltering in the Palestinian city
The board has decided to discontinue compartment exams for Classes 10 and 12 starting this session
The 24K variant of the yellow metal was trading at Dh279.5 per gram on Monday morning as compared to last week’s close of Dh278.75 per gram
The rupee was at 83.4425 against the US dollar as of 08:20 am UAE time, barely changing from its previous session
The aircraft will serve short to medium haul cities, with Bahrain as its inaugural destination
This is an unbelievable feeling to be here, said old timers, recalling the first service held in April 1979 at St Andrew’s Church on Corniche Road
Akhizah and Ayeesha were accompanied by their parents as they were flown out on an evacuation plane
Philippe Lazzarini said Israeli authorities continue to deny humanitarian access to the United Nations