UAE sends 30 tonnes of food aid to support drought-affected communities in Kenya
UAE provides urgent relief to support flood-affected communities in Mozambique
UAE signs cooperation agreement with UN World Food Programme to support humanitarian efforts in sudan
UAE reopens Sheikh Zayed Child Care Complex in Istanbul following comprehensive redevelopment
Oil Prices Rise on US Demand StrengthSingapore, 7 Aug (ONA) — Oil prices rose today, pausing a five-day losing streak, on signs of steady demand in the US, the world’s biggest oil user.
Brent crude futures rose 20 cents, or 0.3%, to $67.09 a barrel, while US West Texas Intermediate crude was at $64.57 a barrel, up 22 cents, or 0.3%.
Both benchmarks slid about 1% to their lowest in eight weeks on Wednesday.
The US Energy Information Administration said yesterday that US crude oil stockpiles fell by 3 million barrels to 423.7 million barrels in the week ended 1 August.
Potential US-Russia talks regarding the war on Ukraine have tempered concerns about supply disruptions. — Ends/AH
