Latest News:
Padubidri: Fishing boat capsizes; all 7 fishermen on board rescued Alleged atrocity on lawyer: Punjalakatte SI suspended Moral policing at jewellery shop: 4 arrested Bajrang Dal activists try to assault youth, girlfriend in Mangaluru SC to hear Bilkis Bano’s plea against release of 11 convicts on 13 Dec Nusrat Noor: First Muslim Woman to Top Jharkhand Public Service Commission
Latest News:
Padubidri: Fishing boat capsizes; all 7 fishermen on board rescued Alleged atrocity on lawyer: Punjalakatte SI suspended Moral policing at jewellery shop: 4 arrested Bajrang Dal activists try to assault youth, girlfriend in Mangaluru SC to hear Bilkis Bano’s plea against release of 11 convicts on 13 Dec Nusrat Noor: First Muslim Woman to Top Jharkhand Public Service Commission
ANKARA, 03 Apr 2019 [Fik/News Sources]: Global oil prices are pushing towards their highest levels in five months, with Brent nearing $70 and American benchmark West Texas Intermediate (WTI) reaching towards $63.
International benchmark Brent crude increased to $70 on Wednesday, while WTI saw prices of $62.85.
Oil prices have been on the fall since last November when Brent peaked at $71.88 on Nov. 12 and WTI reached $63.18 on Nov. 7.
Tight global supply is pushing prices higher.
As the U.S. is pressuring countries to follow its lead on sanctions against Iran and Venezuela, low output from both countries are fueling the rise in oil prices.
Production cuts from the Organization of the Petroleum Exporting Countries (OPEC) and other major producers are also forcing oil prices higher.
In December, OPEC and some non-OPEC countries agreed to lower their collective output by 1.2 million barrels per day for the first half of 2019.
Market players are awaiting fresh inventory data on Wednesday from the Energy Information Administration.
Fajr | فجر | |
Dhuhr | الظهر | |
Asr | أسر | |
Maghrib | مغرب | |
Isha | عشا |