Oil prices in global markets posted weekly gains for the seventh straight week as Brent crude rose 0.66% and US West Texas Intermediate crude gained 0.45%.

Brent crude futures settled at $86.81 a barrel, while US West Texas Intermediate crude futures settled at $83.19 a barrel on Friday.

The Saudi Foreign Ministry welcomed the Kingdom’s announcement of the withdrawal of crude oil from a “safe” floating tank estimated to contain (1.14) million barrels of crude oil..

The Ministry reiterated the Kingdom’s appreciation for the efforts of His Excellency the Secretary-General of the United Nations, Antonio Guterres, and the United Nations Task Force, which worked to use all efforts to end the issue of “safe” floating reservoirs. .“.

He expressed his appreciation for the generous financial support of the donor countries for their financial grants in the donation campaign to end the “safe” floating tank menace. The Kingdom was one of the first donor countries to provide financial grants through the King Salman Center for Relief and Humanitarian Action as part of its efforts with the international community to address the issue of “safe” floating reservoirs.“.

The Ministry of Foreign Affairs thanked the leadership of the “Alliance to Strengthen Legitimacy in Yemen” for its support in facilitating the process of the operational plan until the successful and efficient disembarkation of the “safe” floating tank.