Oil prices climbed about 3 percent to a one-week high on Friday on worries that tensions in Israel and Gaza could spread into a wider conflict that could disrupt global crude supplies.
Oil fell for a fourth day on Wednesday as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict in Gaza.
Asian shares hit one-year lows Monday as the risk of a wider conflict in the Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the world's largest tech companies.
By 0613 GMT, Brent crude futures had climbed 67 cents to $74.85 a barrel, while US West Texas Intermediate (WTI) futures rose 73 cents to $70.10 a barrel. On Monday, Brent had climbed 0.5 per cent and the WTI 0.3 per cent.
Oiling hair is a common cultural practice in Bangladesh. We have seen our parents do it, we have seen our siblings do it, and now that we are of age, we do it too because it is essential to keep our hair healthy. Oiling is great for scalp and overall hair nourishment.
The Bangladesh Vegetable Oil Refiners & Vanaspati Manufacturers Association today said it will take action against the dealers if their involvement is found in creating an edible oil crisis.
A banker in Naogaon did not find soybean oil in the local market. A woman in Natore was lucky to score a one-litre bottle for an unusually higher price. A private firm employee in Chattogram decided to make do with mustard oil after failing to find soybean oil in her neighborhood.
President Vladimir Putin on Thursday warned "unfriendly" countries, including all EU members, that they would be cut off from Russian gas unless they opened an account in roubles to pay for deliveries.