Oil dips from seven-week high on cautious outlook

Oil prices edged down on Thursday, retreating from the previous session’s seven-week high, as some investors took profits after US stocks closed lower and in anticipation of slower winter demand as well as the return of Kurdish supplies. Brent futures were down 49 cents, or 0.7%, to $68.82 a barrel at 0825 GMT, while US West Texas … Read more

Second Italian navy ship deployed to protect Gaza aid flotilla

Italy has sent a second navy ship in support of the international aid flotilla that has come under drone attack while trying to deliver aid to Gaza, Defence Minister Guido Crosetto said on Thursday. The Global Sumud Flotilla is using about 50 civilian boats to try and break Israel’s naval blockade of Gaza. Many lawyers and activists, … Read more