Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil. Brent futures rose 84 cents, or 0.8%, to $111.74 a barrel by 0306 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 80 cents, or 0.7%, to $109.06 a barrel. Brent and WTI are on track to rise for a second week in a row, buoyed by the EU’s proposal to phase out supplies of Russian crude oil in six months and refined products by the end of 2022. It would also ban all shipping and insurance services for transporting Russian oil. The plan still requires unanimous backing from the 27 countries in the bloc. “There are concerns over global growth and what it could mean for oil demand,” said Warren Patterson who heads ING’s commodities research.
Bollywood
Deepika Padukone’s costumes in ‘Besharam Rang’ sparks row
Shah Rukh Khan and Deepika Padukone’s new song ‘Besharam Rang’ from their upcoming film ‘Pathaan’ has brewed a fresh controversy. The first track from the film, which has been the talk of the town ever […]
E-Edition
March 28 New York & Dallas E – Edition
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Health
Stress may contribute to fertility issues in women: Study
Stress may directly impact female fertility and ovarian reserve – the number and quality of eggs they produce, according to a small study conducted in mice. Exposing female rats to scream sounds, researchers noted a […]
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