Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane Milton on US demand against any broad supply disruption due to the developments in the Middle East. Brent crude oil futures fell 29 cents, or 0.4%, to $79.11 a barrel. US West Texas Intermediate crude futures dropped 21 cents, or 0.3%, to $75.64 per barrel. For the week, both benchmarks were headed for a 1%-2% gain. Investors are evaluating how hurricane damage might impact the US economy and fuel demand, as well as the developments in the Middle East. Source: Qatar News Agency
Related Posts
Israeli Attacks Worsen Lebanon’s Already Struggling Economy
Lebanon is grappling with severe economic and living conditions due to ongoing Israeli attacks since October, which have recently escalated, pushing the country deeper into its worst economic crisis since 2019.
The negative repercussions on the Leban…
Singapore opens new economic office in Abu Dhabi
UAE Ambassador meets Singaporean Minister for Trade and Industry His Excellency Jamal Abdulla Al Suwaidi, UAE Ambassador to the Republic of Singapore, met with His Excellency Gan Kim Yong, Minister for Trade and Industry of Singapore, during the Singap…
QC Chairman to QNA: HH the Amir’s Visit to Sweden Paves Way for New Horizons of Joint Cooperation
Doha: HE Chairman of Qatar Chamber Sheikh Khalifa bin Jassim bin Mohammed Al-Thani affirmed that the visit of HH the Amir Sheikh Tamim bin Hamad Al-Thani to the Kingdom of Sweden is part of the distinguished relations between the two countries, adding…