Oil prices fell in early Asian trading, today, Monday, with tension easing in the Middle East, after Israel withdrew more of its soldiers from the southern Gaza Strip and pledged to hold new talks on a possible ceasefire in the conflict that has been going on for six months. Brent crude futures fell more than $2 to $88.95 per barrel, and US West Texas Intermediate crude futures fell more than $2 to $84.73 per barrel. Israel and Hamas sent two delegations to Egypt to hold new talks on a possible ceasefire before the Eid holiday, which eased tension in the Middle East, pushing oil prices to rise more than 4% last week due to fears of supply disruptions. Source: National Iraqi News Agency
Related Articles
Qatar Tourism Presents Latest Developments at ITB China
Doha: Qatar Tourism participated in ITB China 2024 this month from May 27 to 29 in Shanghai, to highlight the new offerings, to promote Qatar as a leading tourist destination, and to attract investment in the travel and tourism sectors.
Qatar Tourism…
Oil Falls on Weak China Demand Concerns
Oil prices eased on Thursday due to concerns over weak demand in China, the world’s largest crude importer.
Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel.
US West Texas Intermediate crude slid 33 cents, or 0.4%, to $77…
China’s Foreign Trade Up 6.2% in First 7 Months of 2024
China’s total goods imports and exports expanded 6.2% year-on-year in the first seven months of 2024 to 24.83 trillion yuan ($3.46 trillion), official data showed on Wednesday.
The country’s exports rose 6.7% year-on-year to 14.26 trillion yuan durin…