Combating Desertification and Drought: Qatar a Model in Preserving Natural Resources, Establishing Environmental Stability
UAE allocates US$30 million for emergency humanitarian response in El Obeid, calls for civilian protection, safe humanitarian aid access in Sudan
UAE responds to relief efforts for people affected in Lebanon
Under President’s directives, UAE allocates US$10 million in urgent relief aid for Venezuela earthquake victims
Singapore, July 24 (QNA) – Oil prices were on track for weekly gains as uncertainty in the market over global supply and escalating geopolitical tensions continued.
Brent crude futures fell 72 cents, or 0.72%, to $99.97 a barrel but remained on course for a weekly gain of 13.5%.
US West Texas Intermediate (WTI) crude futures also declined, falling 70 cents, or 0.76%, to $91.49 a barrel, while remaining set for a weekly increase of 10.9%.
On Thursday, Brent settled 7% higher and WTI gained 6.2%, lifting Brent above $100 a barrel for the first time since May.
Rising tensions in the Strait of Hormuz and Bab el-Mandeb Strait have heightened concerns over potential disruptions to global oil shipments and supply chains. (QNA)
