Oil rebounded from a seven-week low in New York before a government report forecast to show that payrolls rose for a fourth month in the U.S., the world’s biggest crude-consuming nation.
Futures advanced as much as 0.7 percent for the first gain in three days after a technical indicator signaled prices may have fallen too far. They dropped 2.4 percent yesterday, leaving West Texas Intermediate futures at the biggest discount to London-traded Brent crude in more than five months. Payrolls in the U.S. probably rose by 205,000 last month, according to Bloomberg survey before the Labor Department report tomorrow.
Halal centrestage at Gulfood
Dubai — One of the fastest growing segments of the worldwide food industry and currently worth $1.1 trillion globally, the international halal food market occupies an integral part of Gulfood 2015 —
Based in Nagoya, Fatima Al Kharousi will be responsible for overseeing the airline’s operations
OPEC production rises as members stand firm
Organization of the Petroleum Exporting (OPEC) oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a Reuters survey show