Economy

Oil slips as Chinese lockdowns, U.S. unemployment data temper gains



Oil prices were lower on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus package.

 

Brent was down 46 cents, or 0.8%, at $55.96 by 0544 GMT, after gaining 0.6% on Thursday. U.S. West Texas Intermediate crude was 29 cents, or 0.5%, lower at $53.28 a barrel, having risen more than 1% the previous session.

 

Brent is heading for the first weekly decline in three weeks, while U.S. crude is on track for a third weekly gain.

 

While producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, ...
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First Kurd receives COVID vaccine in Denmark


Dr. Shad Rashid is the first Kurd in Denmark to receive the coronavirus vaccine .

 

"I received the vaccine in Denmark, on 12/28/2020, which was provided first to doctors and h...


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Is a Biden presidency good for the Kurds? An interview with Hişyar Özsoy, academic and HDP MP


Since March 2019 local elections, the Turkish government has carried out “a systematic campaign” according to POMED, to overturn the results by removing Kurdish mayors in South Eastern ...


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Will new US administration change its policy towards Syrian Kurds?


Joe Biden, the most pro-Kurdish U.S. politician, had won during last years election in the U.S. and one of the primary things he did was announcing the appointment of Brett Mcgurk, former US repres...


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