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BREAKING
Hamas: We demand that mediators and the US administration assume their responsibility regarding the occupation's crimes and intervene to compel it to stop bombing civilians.
Hamas: The Netanyahu government is seeking, through massacres, to confuse the mediators' efforts and disrupt efforts to implement the agreement.
Hamas: The massacre committed west of Gaza City, which resulted in the martyrdom and injury of more than 70 civilians, is a new brutal crime.
Israeli Channel 12: Witkoff and Kushner participate in the Israeli cabinet meeting discussing the ceasefire deal.
Al Mayadeen correspondent: A series of Israeli airstrikes targeted areas southwest of Gaza City.
Hamas Gaza chief Al-Hayya: We extend our deep appreciation to those who shared our blood and battle with us from our nation in Yemen, Lebanon, Iraq, and the Islamic Republic of Iran.
Hamas Gaza chief Al-Hayya: We extend our great appreciation to those who stood in solidarity with us from among the free people around the world.
Hamas Gaza chief Al-Hayya: We received guarantees from mediators and the US administration that the war is completely over.
Hamas Gaza chief Al-Hayya: 250 prisoners sentenced to life imprisonment and 1,700 prisoners from the Gaza Strip will be released.
Hamas Gaza chief Al-Hayya: Today, we announce an agreement to end the war and aggression against our people and to begin implementing a permanent ceasefire.

Oil Prices Rise, US Crude Exceeds $80

  • By Al Mayadeen
  • Source: Agencies
  • 11 Oct 2021 10:12
1 Min Read

Oil prices are rising, continuing a trend that has been in place for weeks.

  • x
  • Brent crude rose 81 cents, or 1 percent, to $83.20 a barrel
    Brent crude rose 81 cents, or 1%, to $83.20 a barrel

Oil prices rose on Monday, continuing a trend that has been in place for weeks amid supply constraints from major producers and rising fuel demand as economies try to recover from the coronavirus pandemic.

Brent crude rose 81 cents, or 1%, reaching $83.20 a barrel, after rising nearly 4% last week.

Related News

Russian economy grows 1% in January–August, inflation at 8%

German economy in crisis after years of stagnation: Reiche

American crude oil rose $1.15 or 1.5% to $80.5 a barrel, the highest level since late 2014, noting that it had already increased 4.6% until Friday.

Oil prices continue to rise as more vaccinated residents leave the lockdown, initiating economic activity. Consequently, Brent continued to rise for five weeks and US crude for seven weeks.

Coal and gas prices are also rising as international economies recover, which makes oil more attractive as a fuel for power production, thus resulting in these persistent increases.

“We believe crude oil prices will struggle to increase much higher this quarter, and we continue to expect them to decline gradually next year,” Carolyn Payne, chief commodity economist at Capital Economics, said in a memo.

  • economy
  • Brent
  • USA
  • Oil
  • Brent crude oil
  • Oil prices
  • Crude oil

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