Oil prices edged up in early trade on Monday amid expectations of a US interest rate cut this week, though gains were capped by US supply resumptions following Hurricane Francine and weaker China data. Brent crude futures for November were up 15 cents, or 0.2% at $71.76 a barrel. US crude futures for October were up 23 cents, or 0.3%, at $68.88 a barrel. Both contracts had settled lower in the previous session, with concerns about supply disruptions easing as Gulf of Mexico crude production resumed. Still, nearly a fifth of crude oil production and 28% of natural gas output in the Gulf of Mexico remain offline in the hurricane's aftermath. Source: Qatar News Agency
Related Posts
SJC Vice President receives Head of Egypt’s Anti-Money Laundering and Terrorist Financing Unit
Shaikh Khalid bin Ali Al Khalifa, Vice President of the Supreme Judicial Council (SJC) and President of the Court of Cassation, received Counselor Ahmed Saeed Khalil, Head of the Egyptian Anti-Money Laundering and Terrorist Financing Unit.He praised th…
‘New building to enable Radio Bahrain 96.5 to produce content suitable for growing audience base’
Omar Shaheen, the Chief Executive Officer of Radio Bahrain Company, a subsidiary of Mumtalakat, the sovereign wealth fund of the Government of Bahrain, which operates and manages Radio Bahrain 96.5, has hailed the inauguration of the new private radio…
Bahrain All Share Index closes at 1,943.22 points
Manama, Bahrain All Share Index has closed at 1,943.22 points marking a decrease of 2.47 points below the previous closing .This decrease was due to the fall in the Materials Sector.Bahrain lslamic Index has closed at 724.93 points marking a decrease o…