The two-month grace period covers all types of visas, including tourist and expired residency permits
In afternoon trade, New York's main contract, light sweet crude for September delivery, was 73 cents higher at 126.22 dollars a barrel from 125.49 dollars at the close of trading Thursday on the New York Mercantile Exchange.
Brent North Sea crude for September delivery rose 52 cents to 126.96 dollars after settling at 126.44 dollars in London on Thursday.
Both contracts rose by more than one dollar on Thursday following a tumble of about four dollars the previous day. Analysts said a bigger-than-expected increase in US gasoline reserves signalled weaker demand in the United States, the world's biggest energy consumer.
Ken Hasegawa, manager of the energy desk at Newedge Japan brokerage, said the market had ‘calmed down’ and would trade in a short-term range of 123-128 dollars.
‘So far, there is no special news in the market,’ he said.
Crude oil prices shot to a series of record highs earlier this year, partly because of political tensions involving oil-producing nations like Iran, which refuses major powers' demands to halt its nuclear programme.
Prices have tumbled since peaking above 147 dollars a barrel on July 11.
Falling demand growth for oil has cooled the market, Hasegawa said. Overall demand is still growing -- providing some support -- but the rate of increase has slowed, he said.
For Alaron Trading analyst Phil Flynn, the bears are coming out of hibernation after months of sizzling price rises.
‘The myth that emerging market demand would totally offset the loss of US demand is now being shattered. Price still matters to the demand side of the equation and eventually that will always be the great equaliser in a bull market,’ Flynn said.
Uncertainties, including tensions between the West and Iran, continue to provide underlying support to the oil market, Hasegawa said, forecasting a medium-term price range of 120-130 dollars a barrel.
Prices broke through 100 dollars a barrel for the first time at the start of the year.
The two-month grace period covers all types of visas, including tourist and expired residency permits
Sheikh Mohamed extended his sympathies during a visit to the mourning majlis in Al Ain
According to an official, several people are still feared trapped in the debris
Amateurs Afzaal Ahmad, Parvez Ahmed, and Arbaaz Ahmad shine with an Impressive 89-point performance at the Emirates Golf Club
The Meteorological Organisation that it is closely monitoring what is being circulated on social media
There have been a series of school fires in the country in recent years, many of them which have turned out to be arson
Salama Alfalacy is into realistic art featuring landscapes and wildlife, while Meera Jamal Al Midfa is setting new grounds in performance art and filmmaking
Dubai Police have asked drivers to be extra cautious