RIYADH: Oil prices rose on Thursday, with Brent breaking above $100 a barrel, as investors weighed tight supplies against the prospect of a large US rate hike that would stem inflation and curb crude demand. Brent crude futures for September climbed 68 cents, or 0.7 percent, to $100.25 a barrel by 0400 GMT after settling below $100 for the second straight session on Wednesday.
RIYADH: Oil edged up on Wednesday, a day after it fell through $100 a barrel for the first time since April, while traders looked toward US inflation data that could weaken the market. Brent crude futures were up 24 cents, or 0.2 percent, at $99.73 a barrel at 0325 GMT. US West Texas Intermediate crude gained 10 cents, or 0.1 percent, to $95.94. Libya’s government to replace
TOBRUK: Libya’s divisions seemed poised to deepen on Thursday as the eastern-based parliament named a new prime minister, with the incumbent refusing to step aside. The move threatens to plunge Libya back to the split between two warring, parallel administrations that governed from 2014 until a unity government was installed last year as part of a UN-backed peace plan. A