The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as U.S. regulators issued their first full approval for a COVID-19 vaccine and Mexico suffered a large production outage.
Brent crude oil futures were up $1.50, or 2.2 per cent, at $70.25 a barrel by 13442GMT while US West Texas Intermediate (WTI) gained $1.34, or two per cent, to $66.98.
Both benchmarks jumped more than five per cent on Monday, helped by a weaker dollar, after marking their biggest weekly losses in more than nine months last week.
Though a resurgent pandemic has fuelled health system concerns, “economically harmful containment measures seem rather unlikely”, said Julius Baer analyst Norbert Rucker, citing the effectiveness of coronavirus vaccines.
The US Food and Drug Administration (FDA) on Monday issued full approval for the Pfizer/BioNTech two-dose vaccine, having authorised it for emergency use last December. Health officials hope the action will convince unvaccinated Americans that the shot is safe and effective.
Analysts said that China’s apparent success in fighting the spread of the Delta variant also boosted demand sentiment, with no cases of locally transmitted infections reported in latest data.
Also supporting oil prices was a fire on an oil platform off Mexico on Sunday. The fire killed five workers and halted 421,000 barrels per day of production, representing about a quarter of the country’s overall output.
The US Department of Energy on Monday said it would sell up to 20 million barrels of crude from the Strategic Petroleum Reserve (SPR) oil stocks to comply with legislation, with deliveries to take place between October 1 and December 15.
Meanwhile, Indian refiners’ crude throughput in July bounced to its highest in three months as fuel demand rebounded and buoyed prices. — Reuters
The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
The students' demands range from a ceasefire in Israel's war with Hamas to calls for universities to stop investing in Israeli enterprises
Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
Saudi Arabia has begun to explore extracting lithium from sea water
Speaking after meeting Lebanese leaders, French foreign minister says there had been "a lot of progress" over the French proposals
The three-shot winner from Japan says he is aiming to become a member of the PGA Tour in the future
Big-hitting Nienaber falters at the finish to settle for secondwhile former Abu Dhabi resident David Horsey takes the third spot at Saadiyat Beach Golf Club
The UAE is India's second-largest export destination after the US