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BREAKING
Israeli media: 'Israel' to halt entry of humanitarian aid into Gaza until further notice.
Al Mayadeen correspondent: One woman was killed and several children were injured as a result of Israeli bombing of displaced Gazans' tents in the Mawasi area of ​​Khan Yunis, south of the Gaza Strip.
Al Mayadeen correspondent in Gaza: An Israeli airstrike targeted the eastern areas of Jabalia, north of the Gaza Strip.
Al Mayadeen correspondent in Gaza: An Israeli airstrike targeted Al-Bureij refugee camp in the central Gaza Strip.
Al-Qassam Brigades: Communication has been severed with what our remaining fighters (if any are still alive) in Rafah, which is currently under occupation's control.
Al-Qassam Brigades says continues to abide by ceasefire, no knowledge of developments in Rafah.
Israeli media: Reports of two IOF soldiers killed in military vehicle explosion in Rafah.
Israeli media: Israeli soldier killed, another wounded in explosion in Rafah.
Medical sources in West Bank: Palestinian killed by occupation fire; wounded and left to bleed while ambulance crews were barred from reaching him in Al-Ain refugee camp, west of Nablus.
Hamas: Facts on ground reveal opposite of claims, as occupation authorities were ones who armed criminal gangs that practiced murder and kidnapping against people of Gaza.

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.

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

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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