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Gulf Today Report
Oil prices remain the same, rising for a third consecutive week due to hope that OPEC+ would delay the increase in output.
Brent crude futures were up 5 cents, or 0.1% to $44.25 a barrel at 0505 GMT. The more active US West Texas Intermediate (WTI) crude contract remained unchanged at $41.90 a barrel.
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The WTI contract for November, which expires on Friday, was also flat at $41.74 per barrel.
As virus cases increase, the oil market gains are trimming, said Stephen Innes, chief global market strategist at Axi.
OPEC+ is set to hold a full ministerial meeting by ending of the month.
Brent crude fell 35 cents, or 0.8%, to $43.97 a barrel by 0541 GMT, and U.S. West Texas Intermediate (WTI) crude dropped 39 cents, or 0.9%, to $41.53.
Brent crude futures rose 59 cents, or 1.4%, to $43.81 a barrel by 1216 GMT. U.S. West Texas Intermediate crude futures gained 47 cents, or 1.2%, to $41.51 a barrel.
US West Texas Intermediate (WTI) crude futures eased 4 cents, or 0.1% to $40.97 a barrel at 0655 GMT, while Brent crude futures fell 11 cents, or 0.3% to $44.04 a barrel.
US West Texas Intermediate (WTI) crude futures climbed 12 cents, or 0.3%, to $41.57 a barrel at 04:36 GMT, while Brent crude futures rose 9 cents, or 0.2%, to $43.89 a barrel.
World shares rose to just below record peaks on Tuesday after factory surveys boosted expectations of a recovery from the COVID-19 downturn, with drugmakers seeking fast approval for vaccines and authorities looking
The UAE has become a symbol of prosperity and achievements in the past 49 years. Today the adorable country is celebrating its 49th National Day. Sheikha Hind Bint Majid Al Qasimi, Chairperson of Sharjah Business Women
The 49th National Day is a glorious occasion that makes everyone living in the UAE feel proud of the country’s achievements. Wesam Lootah, CEO of the Smart Dubai Government Establishment, told Gulf Today
The non-oil exports and re-exports of Abu Dhabi touched Dhs32.8 billion mark between a period from June to August 2020, showing an upward trend by 62.5 per cent compared to Dhs20.2 billion recorded between March and May this year,