Murban crude futures, Abu Dhabi's new oil benchmark, traded in line with international benchmark Brent on its second day of trading on the commodities exchange at ADGM.
The Murban futures contract for June delivery was trading 0.5 per cent lower at $63.57 per barrel at 7.28pm UAE time.
Brent, which underpins the majority of global oil trade, was 0.6 per cent lower at $64.57 per barrel. West Texas Intermediate, which prices oil on the basis of a basket of US crude grades, was lower by 0.8 per cent at $61.07 per barrel.
Abu Dhabi, which accounts for nearly all of the UAE's production, commenced trading on its popular Murban grade on Monday.
The light, sweet type of crude, which flows at the rate of 1.7 million barrels per day, accounts for half of the country's production.
The contracts are traded on Ice Futures Abu Dhabi, a new commodities exchange based in the emirate's financial free zone, Abu Dhabi Global Market.
Some 360 contracts for June delivery, which expire at the end of this month, traded on the second day, down from 6,344 on the opening day's trading.
Oil prices have remained depressed amid fresh lockdowns imposed on various parts of Europe and rising Covid-19 infections in other parts of the world.
Concerns over inflation have also depressed prices, which may receive a boost when Opec+ gathers for its monthly meetings on Wednesday and Thursday.
Batti Gul Meter Chalu
Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
Director: Paul Weitz
Stars: Kevin Hart
3/5 stars
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
UAE currency: the story behind the money in your pockets
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Engine: 5.6-litre V8
Transmission: seven-speed automatic
Power: 400hp
Torque: 560Nm
Price: Dh234,000 - Dh329,000
On sale: now
What is dialysis?
Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.
It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.
There are two kinds of dialysis — haemodialysis and peritoneal.
In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.
In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.
It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
