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BREAKING
SDF announces the killing of three of its members as a result of ISIS cells detonating a landmine targeting a vehicle of a security patrol on the Hasaka-Raqqa road
The Popular Resistance Committees: We call on all international institutions to take urgent action and uphold their responsibilities by restoring and immediately enforcing effective mechanisms for the distribution of humanitarian aid.
The Popular Resistance Committees: The latest Zio-American crime against Gaza’s starving civilians constitutes a war crime, for which the US administration bears full and direct responsibility.
Gaza Media Office: Bloody spectacle shows that these zones have become collective death traps rather than aid distribution zones.
Gaza Media Office: Dozens of citizens are still surrounded under constant fire in the vicinity of the "aid station."
Gaza Media Office: As soon as citizens arrived, occupation and Americans opened direct fire on them.
Gaza Media Office: Occupation, in complicity with the US company, called on citizens to move toward Wadi Gaza Bridge, claiming that aid would be distributed.
Gaza Government Media Office: Occupation set a bloody trap at bridge of Wadi Gaza, luring thousands of starved civilians, and opened fire on them.
Al Mayadeen's correspondent in South Lebanon: Israeli drone drops sonic grenade in town of Ramiyah.
Al Mayadeen's correspondent in South Lebanon: Israeli drone strike targets vehicle in town of Beit Lif.

Oil Prices Rise, US Crude Exceeds $80

  • By Al Mayadeen
  • Source: Agencies
  • 11 Oct 2021 11:12
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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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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