Oil prices edge higher Middle East conflict stokes supply concerns

Oil prices edged higher in early trade on Thursday as the conflict in the Middle East kept investors on edge about whether it could disrupt oil supplies around the region.

Brent crude futures rose 38 cents at $85.01 a barrel by 0000 GMT, while U.S Come from Sports betting site VPbet . West Texas Intermediate crude futures gained 46 cents at $80.90 a barrel.

Iran’s Supreme Leader Ayatollah Ali Khamenei called on Muslim states to cease oil and food exports to Israel, demanding an end to its bombardment of the Gaza Strip, state media reported.

Gold, silver rate on July 28 in Mumbai, Delhi, Chennai, Kolkata, Jaipur – Check today’s prices Gold, silver rate today on July 24 after sharp 6% cut in customs duty in Budget After Delhi, CNG and piped cooking gas prices rise in Mumbai  Oil imports from Russia touch 13-month high

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Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), produced around 2.5 million barrels per day of crude in 2022, according to U.S. energy data.

Israeli forces killed another Hamas commander on Wednesday in their second strike on Gaza’s Jabalia refugee camp in two days, the military said, as the first group of civilian evacuees from the besieged enclave crossed into Egypt.

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Pressing an offensive against Hamas militants, Israel again bombed the densely populated Gaza Strip from land, sea and air in its campaign to wipe out the Islamist group after its deadly cross-border rampage into southern Israel on Oct. 7.

Market participants awaited a Bank of England meeting, expected Thursday. In Europe, October inflation in the Euro zone was at its lowest in two years, a Eurostat flash reading showed, stoking the view the European Central Bank is unlikely to hike interest rates soon. 

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Plan to bring a casino to South Korea’s Jeju Dream Tower takes a step forward

In South Korea and local casino operator Lotte Tour Development Company Limited has reportedly taken an important step towards being able to bring a gambling element to its new Jeju Dream Tower development.

According to a report from Inside Asian Gaming, the Seoul-headquartered firm opened the 1,600-room Grand Hyatt hotel within the $1.42 billion property in December and soon hopes to complement this offering by debuting an almost 54,000 sq ft casino featuring a selection of up to 300 slots and 150 gaming tables. However, the source detailed that this plan depends on the operator receiving official government approval to transfer the gambling license for its nearby Paradise Casino Jeju Lotte venue to the 38-story Jeju Dream Tower.

Committee consent:

Despite protests from a number of local citizen groups, Lotte Tour Development Company Limited has now reportedly secured a major victory in this process after a committee for the semi-autonomo…

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