Oil prices rose on in early Asian trade on Thursday on tensions in the Middle East and on spike in fuel demand as a major storm barreled into Florida. Brent crude futures rose 37 cents, or 0.5%, to $76.95 a barrel, while the US West Texas Intermediate (WTI) futures was up 35 cents, also 0.5%, at $73.59 a barrel. The world's largest oil producer and consumer has been hit by a second major storm, Hurricane Milton, which made landfall on Florida's west coast, spawning tornadoes and threatening surges of seawater. US Energy Information Administration (EIA) data on Wednesday showed crude inventories jumped by 5.8 million barrels to 422.7 million barrels last week. Source: Qatar News Agency
Related Posts
Qatari Delegation Continues Preparations for Paris 2024 Paralympic Games
The Qatari delegation continues its preparations for the Paris 2024 Paralympic Games, as the Qatari national team players for sports with special needs, Ali Arshad and Sarah Masoud, have increased their preparations to participate in their next two co…
QSE Acting CEO to QNA: QSE Is Open to, Welcomes Good Companies
Doha: Acting CEO of the Qatar Stock Exchange (QSE) Abdul Aziz Nasser Al Emadi emphasized that QSE is open to and welcomes good companies that provide an addition to investors.
In his remarks to Qatar News Agency on the sidelines of listing the shares…
QNB Group Signs Agreement with DHL Express on Utilizing SAF for Shipping Solutions
Doha: QNB Group announced its collaboration with DHL Express, the global leader in the logistics industry, by signing an agreement to utilize Sustainable Aviation Fuel (SAF) to enhance its shipping solutions.
In its press release issued on Monday, th…