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Crude Oil Updates: Monthly Gain Expected as Supply Tightens

HOUSTON: Oil prices edged higher on Friday with Brent poised for its first monthly gain this year, as a big drawdown in US oil stocks outweighed concerns that fuel demand will be dented further by more interest rate hikes, according to Reuters. Brent crude futures for September delivery rose 16 cents or 0.2 percent to stand at $74.67 as of 7:05 a.m. Saudi time. The less-traded front month contract, which expires on Friday, was up 30 cents at $74.64. US West Texas Intermediate crude gained 8 cents or 0.1 percent to $69.95.

Ukrainian high jumper Mahuchikh advocates excluding Russians from Paris Olympics 2024

LAUSANNE, Switzerland: Ukrainian high jumper Yaroslava Mahuchikh has said since the start of the war that all Russian and Belarusian athletes should be excluded from international events, including the 2024 Paris Olympics. Speaking on Wednesday a short distance from International Olympic Committee headquarters, Mahuchikh did not understand why opinions changed there after it had been pro-exclusion last year.

“U.S. Chamber of Commerce Hosts Michael Morell as Keynote Speaker at Major Event”

Morell, Donald Trump’s “deep state” enemy No. 1, spoke at a Chamber of Commerce event Monday, highlighting the strange gulf between the K Street titan and the GOP.

The post U.S. Chamber of Commerce Invites Trump Bête Noire Michael Morell to Speak at Major Gathering appeared first on The Intercept.

Prigozhin’s Uprising Threat Echoes Russia’s History of Failed Wars

Putin may yet suffer the fate of many czars before him: a military uprising fueled by the blowback of a failing war.

The post Yevgeny Prigozhin’s Threatened Uprising Against Putin Echoes Russia’s History of Wars Gone Bad appeared first on The Intercept.

Ukraine Ground Report

Humanitarian relief activist Amed Khan gives a firsthand account of his time in Ukraine.

The post On the Ground in Ukraine appeared first on The Intercept.

“IOC Warns Afghanistan of Paris Olympics Status Due to Denial of Women’s Sports”

GENEVA: The Afghanistan team’s status for the 2024 Paris Olympics was put in question Wednesday by the IOC over growing frustration with the Taliban blocking access to sport for women and girls. The International Olympic Committee said it “continues to be extremely concerned” about the sports situation in Afghanistan despite its repeated calls for action.

Allies of Kyiv pledge to hold Russia accountable for invading Ukraine.

LONDON: Western allies on Wednesday promised to make Russia pay for invading Ukraine as governments and private investors met to fund the country’s reconstruction from the ravages of war. The World Bank has put an estimate of $14 billion on Ukraine’s immediate needs to repair the damage caused by the bitter fighting. But a recent study by the World Bank, the UN, the European Union and the Ukrainian government said the wider recovery of the economy would cost $411 billion.

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