Balaghal Ula Bi Kamaalihi | Ali Zafar | Naat

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Balaghal Ula Bi Kamaalihi | Ali Zafar | Naat





 

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Apple loses copyright claims in lawsuit against US security bug startup

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Grave of India-Pakistan war hero Brig Usman 'vandalised' in New Delhi

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Oil rises as Biden wins, OPEC+ deal can be tweaked

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  LONDON: Oil rose on Monday, with Brent topping $40 a barrel, after Joe Biden clinched the US presidency and buoyed risk appetite, and the Saudi oil minister said an OPEC+ deal on output cuts could be adjusted to offset rising supply and weak demand. Brent crude had climbed $1.28, or 3.2%, to $40.73 a barrel by 1116 GMT and US West Texas Intermediate crude was at $38.40, up $1.26, or 3.4%. “Oil prices surged on Monday benefiting from a risk-on stance and a weaker US dollar driven by Joe Biden becoming president-elect,” said Giovanni Staunovo, oil analyst for UBS. Biden will convene a coronavirus task force on Monday to examine the number one problem confronting him when he takes office in January. Oil prices remain under pressure by renewed lockdown measures in Europe aimed at containing a rise in Covid-19 cases. Keisuke Sadamori, International Energy Agency (IEA) Director for Energy Markets and Security, told Reuters the new lockdowns appear set to push the outlook for global oil...
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