Oil stabilizes after surprise drop in U.S. crude inventories

President al-Alimi discusses with Saudi Minister of Defense National Developments, Prospects for Promising Partnership

His Excellency President Dr. Rashad Mohammed al-Alimi, the Chairman of the Presidential Leadership Council, along with Council members Tareq Saleh, Abdulrahman al-Muhrrami, Dr. Abdullah al-Alimi and Othman Mujalli met Wednesday with His Royal Highness Prince Khalid bin Salman bin Abdulaziz, Minister of Defense of the sisterly Kingdom of Saudi Arabia.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

S. Korea's ITC exports rise 12.4 percent in 2025

South Korea's exports in the information and communication technology (ICT) industry rose 12.4 percent to a record high in 2025, due to strong demand from the artificial intelligence industry.

Morocco and Senegal qualify for the semi-finals of the Africa Cup of Nations

The Moroccan national team qualified for the semi-finals of the Africa Cup of Nations after defeating Cameroon 2-0 in their match at Prince Moulay Abdellah Stadium in the Moroccan capital, Rabat.

Last Update: ، 2026/01/14 Time 06:47:51
Latest News:

Foreign Minister Discusses with UN Resident Coordinator Enhancing Humanitarian, Development Cooperation

Chairman of Shura Council Discusses with European Union Ambassador Efforts to Support Peace, Stability ..

Governor of Taiz Discusses Emergency Measures to Address Water Crisis

Yemen Participates in 49th Session of Arab Youth and Sports Ministers Council in Cairo

Yemeni Military Heroes Laid to Rest in Marib Ceremony

Oil stabilizes after surprise drop in U.S. crude inventories

[30/10/2024 01:24]

SINGAPORE - SABA
Oil prices were settled in early Asian trade today, Wednesday, after industry data had showed a surprise drop in U.S. crude and gasoline inventories, following losses in the previous two sessions on the prospect of a de-escalation in the Middle East conflict.

Brent crude futures were up 21 cents, or 0.3 percent, at $71.33 a barrel by 0002 GMT.
U.S. West Texas Intermediate (WTI) crude futures were up 22 cents, or 0.3 percent, at $67.43 a barrel.

Data from the American Petroleum Institute showed that crude oil and fuel stocks in the United States fell last week.
The data indicated that crude stocks fell by 573,000 barrels in the week ending October 25.
Gasoline stocks fell by 282,000 barrels, while distillate stocks fell by 1.46 million barrels.