Monday, October 23, 2017 | ePaper

Oil prices edge up after two-day losses

  • Print
Xinhua, New York :
Oil prices settled slightly higher on Friday, as investors bought the dip after previous two-day's declines.
Oil prices suffered losses in the past two sessions, with both U.S. oil and Brent crude hitting six-month low, amid lingering concerns about a global supply glut.
Despite Friday's modest gains, oil prices still posted a fourth straight weekly decline.
On the data front, U.S. oil production is still rising as rigs classified as drilling for oil are up 6 to 747 this week, according to data released by oilfield service company Baker Hughes on Friday.

More News For this Category

US-Bangla to increase flight frequency

Business Desk :US-Bangla Airlines, one of the country's private airlines, has decided to increase its flight frequency in three international and two domestic routes from October 29 to provide

Saudi Arabia's IDB plans blockchain-based financial inclusion product

Reuters :The research arm of the Islamic Development Bank plans to use blockchain technology to develop sharia-compliant products, aiming to support financial inclusion efforts across its member countries.The Jeddah-based

Walton produces world standard die and mold

Business Desk :The country's electronics company Walton is manufacturing world-class dies and molds of different sorts of electronics and electrical appliances at Walton Hi-Tech Industries at Chandra in Gazipur,

Businessmen being harassed for VAT system: FBCCI President

Businessmen being harassed for VAT system: FBCCI President

Reza Mahmud :FBCCI President Shafiul Islam (Mohiuddin) said that the businessmen are being made victims of harassments on account of the remaining VAT systems. He said also, doing business

Md. Shafiqur Rahman Patwary, Chairman of Insurance Development and Regulatory Authority (IDRA) handing over a claim cheque of Green Delta Insurance to the representative of Sinha Rope Denim Limited and Sinha Denim Limited, at IDRA office in the city recently. Sheikh Kabir Hossain, President, Bangladesh Insurance Association, Gokul Chand Das, Member, IDRA, Farzana Chowdhury, Managing Director and Nasir A Choudhury, Advisor of the insurance company were also present.

Md. Shafiqur Rahman Patwary, Chairman of Insurance Development and Regulatory Authority (IDRA) handing over a claim cheque of Green Delta Insurance to the representative of Sinha Rope Denim Limited and Sinha Denim Limited, at IDRA office in the city recently. Sheikh Kabir Hossain, President, Bangladesh Insurance Association, Gokul Chand Das, Member, IDRA, Farzana Chowdhury, Managing Director and Nasir A Choudhury, Advisor of the insurance company were also present.

.

Makam E Mahmud Billah, Head of Retail Products and Segments, Standard Chartered Bank Bangladesh and MA Rashid Shah Shamrat, Chairman, Makkah Group of Companies, exchanging MoU signing documents at its head office in the city on Sunday. Under the deal, Makkah Group will provide 7 percent discount on total air fare to all Standard Chartered Bank's Credit and Debit Cardholders. High officials from both the organizations were also present.

Makam E Mahmud Billah, Head of Retail Products and Segments, Standard Chartered Bank Bangladesh and MA Rashid Shah Shamrat, Chairman, Makkah Group of Companies, exchanging MoU signing documents at its head office in the city on Sunday. Under the deal, Makkah Group will provide 7 percent discount on total air fare to all Standard Chartered Bank's Credit and Debit Cardholders. High officials from both the organizations were also present.

.

'Eagle Dhewtin' start journey

Business Desk :Karnafuli Galvanizing Mills Limited, a concern of TK Group of Industries Limited, has launched its new corrugated steel using latest NOF Technology named "Eagle Dhewtin" at Hotel

Stocks perform mixed on first day of week

Economic Reporter : Stocks performed mixed on Sunday with major indices finishing flat on higher activities of some large cap securities amid declining the daily transactions.The rising major sectors were

Govt plans Tk 1,911cr 'Tantpalli' project

Economic Reporter :The government plans to take a Tk 1,911 crore 'Tantpalli' project on 120 acres of land in Madaripur and Shariatpur districts "After implementation of the project, 10

Teletalk to give 20 lakh free SIMs to women

Economic Reporter :State-own mobile operator Teletalk will provide 20 lakh SIMs (subscriber identification module) to women free of cost for their empowerment through easy access to internet and low-cost