Significant repercussions in the global oil market due to the Pentagonal Depression affecting the Middle East - Details

Written By طقس العرب on 2021/03/24

This article was written originally in Arabic and is translated using a 3rd party automated service. ArabiaWeather is not responsible for any grammatical errors whatsoever.

<p style=";text-align:left;direction:ltr">Arab Weather - Oil prices rose, during trading on Wednesday, about 3% after a ship stranded in the Suez Canal. Brent rose 2.9 percent to $ 62.55 a barrel, by 12:33 Moscow time, after tumbling 5.9 percent to $ 60.50 the previous day.<br /><br /> West Texas Intermediate crude rose 2.91 percent to $ 59.44 a barrel, after losing 6.2 percent and touching a low of $ 57.03 on Tuesday.</p><p style=";text-align:left;direction:ltr"> The two indices touched their lowest levels since early February yesterday, and are down about 14 percent from the high levels they reached earlier this month.<br /><br /> &quot;Investors adjusted their positions after the sharp drop yesterday,&quot; said Kazuhiko Saito, chief analyst at brokerage firm Fujitmoe Co for commodities.<br /><br /> &quot;But the market remains expecting a decline due to growing concerns about a recovery in demand in the wake of new restrictions in Europe due to the pandemic,&quot; he added.<br /><br /> Source: Reuters</p>

This article was written originally in Arabic and is translated using a 3rd party automated service. ArabiaWeather is not responsible for any grammatical errors whatsoever.


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The continued high activity of the Khamaseen depressions in the region, which portends more weather and temperature fluctuations.With the arrival of spring, the Siberian high pressure system, one of the main causes of the severe cold waves in recent months, begins to collapse.Pleasant spring weather for outdoor activities this weekend. Check out a list of temperatures for the most important tourist destinations.Saudi Arabia | Temperatures approach 40 degrees Celsius in Riyadh, with rain expected in these areas this weekend.Thunderstorms and rain will affect Hail and the northern border. This is what we expect in the coming hours.Iraq - Early warning: Scattered thunderstorms until Friday, severe weather instability in the north of the country on Saturday, and risks of flash floods.The Kingdom will be affected by a mild air mass during the rest of the week, with spring weather during the day and cold weather at night.Sharp temperature differences: Spring-like conditions in the Levant versus temperatures in the Arabian Peninsula.Despite the pleasant weather during the day, cold nights will continue, and warm clothing is required, especially for those living in the highlands.