Business

Oil Near Six-Week High amid New Supply Risks

Doha: Oil prices have extended gains to trade near six-week highs as fears of further supply disruptions intensified. Brent crude futures rose $1.84, or 2%, to $92.85 a barrel, the highest since June 11. US West Texas Intermediate crude climbed $1.67,…

Dollar Rises Amid Rising Oil Prices, US Treasury Yields

Doha: The yen was pinned near an almost four-decade low on Wednesday as rising oil prices and US Treasury yields hoisted the dollar and left traders on edge about possible Japanese intervention. On Tuesday, in New York trade, the yen hit 163.24 per do…