LONDON: Brent crude climbed towards USD 58 a barrel on Thursday for the second straight session as speculators covered their positions ahead of the April contract’s expiry, while a strengthening dollar and a build in US crude stocks capped prices. Geopolitical tensions in the Middle East and North Africa were also supporting crude futures. Brent for April delivery rose 24 cents to USD 57.78 at 0426 GMT after gaining USD 1.15, or 2 percent, in the previous session in a rebound from a one-month low. West Texas Intermediate was flat at USD 48.17, after closing the previous session down 12 cents.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
