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 Steady as US Inventory Build Signals Slowing DemandSingapore, 13 Aug (ONA) — Oil prices were little changed today after industry data showed a rise in US crude inventories last week, reinforcing expectations that the peak summer demand season is coming to an end.
The US driving season typically runs from Memorial Day weekend in late May through early September.
Brent crude futures edged up 3 cents to $66.15 a barrel, after falling 0.8% in the previous session.
US West Texas Intermediate (WTI) crude futures slipped 3 cents to $63.14, following a 1.2% decline yesterday “Tuesday”.
Market sources, citing figures from the American Petroleum Institute (API), said US crude stocks — in the world’s largest oil consumer — rose by 1.52 million barrels last week. — Ends/AH
