Economics Brent crude rose above US$108 a barrel on Tuesday as the outlook for oil demand improved on signs of progress in US talks to resolve a budget crisis that threatens to dip the world's top oil consumer into recession again. More from Reuters Saudi Arabia will review fuel prices and give its civil aviation body powers to allow fare increases as it struggles to move towards an open-skies policy, the country's information minister has said. More from Arabian Business Port of Beirut revenues increased 8.8 percent to reach $158.5 million in the first 11 months of 2012 from $145.7 million recorded a year earlier. More from The Daily Star Global oil supplies are plentiful and demand is good, while buyers and sellers are happy with current prices, top exporter Saudi Arabia's oil minister Ali Al-Naimi said on Tuesday. More from The Daily Star Companies Saudi
