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Crude Oil Slides as UK Rate Hike Sparks Demand Concerns

RIYADH: Oil prices fell for a second straight session and were headed for a weekly decline of more than 3 percent on Friday, as a higher-than-expected interest rate hike in Britain and warnings about looming rate rises in the US ignited concerns over demand, according to Reuters. Brent futures slipped 51 cents, or 0.4 percent, to $73.76 a barrel, while US West Texas Intermediate crude futures were down 42 cents, or 0.6 percent, at $69.09 at 3:40 a.m. Saudi time. 
sport

“3 Major Cricket Tournaments Steal the Spotlight”

In the last week, three major international cricket tournaments commenced. The much-anticipated five-Test-match Ashes series between England and Australia opened on June 16 at Edgbaston, Birmingham. In Zimbabwe, the final qualifying stage for the 2023 ODI World Cup started on June 18 and on June 22 the women’s Ashes between England and Australia started at Trent Bridge, Nottingham.
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Mayar Sherif: Highest-Ranked Egyptian in Tennis History by Design

In a recent conversation with her psychologist, Egyptian tennis star Mayar Sherif was asked what was driving her the most. “She was asking me, ‘What is your motivation right now? Because motivation can move mountains’,” recalled Sherif in an interview with Arab News on Monday. “I told her, ‘I’m dying to pass Ismail’s career-high mark of 34,’ so that was definitely a goal I had in my mind.” Sherif was referring to Ismail El-Shafei, who, until Sunday, was the highest-ranked Egyptian in Open era history, having peaked at No.34 in the world back in 1975.
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Khawaja scores maiden Test century in England, leads Australia’s comeback on Day 2 of Ashes opener

BIRMINGHAM, England: Opener Usman Khawaja raced away in delight and threw his bat high in the air after scoring his first Test century in England as Australia made 311-5 on day two of the Ashes at Edgbaston on Saturday. Australia’s deficit was down to 82 runs after Khawaja revived Australia’s fortunes with an unbeaten 126. He had excellent support in consecutive half-century partnerships with Travis Head (50), Cameron Green (38) and Alex Carey (52 not out).
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Euro Qualifying: England and France Win Easily, Wales Lose to Armenia at Home

PARIS: England and France cruised to victories over international minnows in Euro 2024 qualifying on Friday, but Wales saw their hopes of reaching next year’s finals in Germany suffer a setback in a 4-2 home defeat by Armenia. Gareth Southgate’s England scored twice from the penalty spot as they eased to a 4-0 win away to a Malta side ranked 172nd in the world and kept up their perfect record in Group C.
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“England declares after Root’s 30th Test century on Ashes Day 1”

BIRMINGHAM, England: Sitting on the balcony outside England’s dressing room, even Ben Stokes looked surprised when Zak Crawley hammered the first ball of the Ashes series through the covers for four. A few hours later, Joe Root had the audacity to reverse-ramp Australia pace bowler Scott Boland over the boundary. Then Moeen Ali flicked Pat Cummins for six off his hips. Root repeated his trick shot for another six against Cummins.
Business

Oil Prices Set to Rise on Optimistic China Demand

NEW YORK/SINGAPORE: Oil prices were set to snap a two-week losing streak despite trading marginally lower early on Friday, amid optimism about higher energy demand from top crude importer China and a weaker dollar, according to Reuters. Brent futures dipped 17 cents, or 0.2 percent, to $75.50 a barrel by 6:41 a.m. Saudi time, while US West Texas Intermediate crude dropped 16 cents, also 0.2 percent, to $70.46 a barrel. Both benchmarks surged about 3 percent during the prior session.
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