World number one Novak Djokovic fought off Gilles Muller to reach his eighth consecutive quarter-final at the Australian Open on Monday as he steps up his charge towards another Grand Slam title. The four-time champion did not have his service broken as he downed the 42nd-ranked Muller from Luxembourg 6-4, 7-5, 7-5 and will play Milos Raonic for a place in the semi-finals. Djokovic was outstanding on service, winning a high 82 percent of first serves and fighting off four break points.
Oil prices at current levels may have reached a floor and could move higher very soon, OPEC Secretary-General Abdullah al-Badri said on Monday. "Now the prices are around $45-$55 and I think maybe they reached the bottom and will see some rebound very soon," Badri said in an interview. Badri warned that any OPEC oil supply cut would lead to spare capacity, a lack of investment and an eventual shortage and price spike. "If they do not invest there will be no more supply, if there is no more supply there will be a shortage in the market after 3-4 years and the price will go up and we'll see a repetition of 2008." "Maybe we will go to $200 if there is a real shortage of supply because of the lack of investment," Badri said.
By Himanshu Ojha LONDON (Reuters) - Oil prices turned positive on Monday, erasing early losses after the Secretary-General of the OPEC producer group said he expected the market to bottom out around current levels. "Now the prices are around $45-$55 and I think maybe they reached the bottom and will see some rebound very soon," Abdullah al-Badri, Secretary-General of the Organization of the Petroleum Exporting Countries said in an interview. West Texas Intermediate (WTI) crude for March delivery was at $45.94 a barrel, up 35 cents. After a smooth transition in Saudi Arabia following the death early on Friday of King Abdullah, both Brent and U.S. crude price fell early on Monday.
By Shadi Bushra and Maggie Fick CAIRO (Reuters) - The sons of deposed Egyptian president Hosni Mubarak were released from prison on Monday, security officials said, a move that could fuel tension after the violent anniversary on Sunday of the 2011 uprising that toppled the autocrat. An Egyptian court last week ordered the release of Alaa and Gamal Mubarak pending their retrial in a corruption case. Mubarak's sons, big businessmen in his era of crony capitalism, were released at 2 a.m., accompanied by their lawyer and bodyguards, and driven to their home in Cairo's upscale Heliopolis area, security officials said. Security and medical officials said they had also visited Mubarak in the military hospital where he is still in detention.