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.
Science & Technology
CERT-In issues high severity vulnerability warning for Google Chrome; advises users to apply updates
CERT-In has issued a high-severity rated warning cautioning against “multiple vulnerabilities” in popular web browser Google Chrome, which could allow a remote attacker to execute arbitrary code and cause denial of service condition on targeted […]
Indian Americans
Indian American Sayak Mukhopadhyay glues feet to stadium floor in climate protest at US Open
NEW YORK (TIP): An Indian-origin man, who glued his feet to the stadium floor in a dramatic climate protest at the US Open, has said that it was a way of conveying the message directly […]
Indian American
Indian American Chitra Wadhwani named editorial director of Washington Post Live
WASHINGTON (TIP): Veteran Indian American broadcast producer Chitra Wadhwani has been named editorial director of Washington Post Live where she will oversee and drive the strategy for the “Race in America” series. Announcing Wadhwani’s appointment, The […]
Be the first to comment