RIYADH: Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week’s gains on the prospect of an economic recovery in top oil importer China this year.
Brent crude futures were down by 25 cents, or 0.29 percent, to $87.38 at 08.20 a.m. Saudi time, while US West Texas Intermediate crude futures fell 21 cents, or down 0.26 percent, to $81.43 a barrel.
Last week Brent rose 2.8 percent, while the US benchmark logged a 1.8 percent gain.
A daily weight-loss pill made by the drug firm behind the Mounjaro jab has been…
In July, after months of delicate negotiations, Trump announced a "major milestone" in the implementation…
Key pointsThe Taliban have taken steps to promote discipline and oversight according to a new report by…
Key pointsAttacks are part of intensifying Russian war on civilian targets Frontline medical supplies destroyed in…
Trump last month announced "a monumental step toward lasting peace and security" after Hamas said…
“I was about to surrender to the idea that higher education was not necessary because…