Oil prices rise after reaching initial agreement regarding the US debt ceiling

Official source denies suspending flights through Aden International Airport

An authorized government source repudiated the circulated reports regarding the issuance of government directives to close Aden International Airport to air traffic, affirming that the government has not issued any directives to close the airport, nor there is any such decision issued by the leadership of the Coalition to Support Legitimacy.

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).

China's ETF market hits record $855.6

The combined scale of China's exchange-traded funds (ETFs) has hit a record 6.02 trillion yuan ($855.6 billion), up more than 2.2 trillion yuan from the end of last year, Shanghai Securities News reported Saturday, citing data from Choice, a financial information provider.

Arsenal defeats Brighton and strengthens its lead in the English Premier League

Arsenal defeated Brighton 2-1 in their match at the Emirates Stadium as part of the 18th round of the English Premier League.

Last Update: ، 2026/01/02 Time 05:18:27
Latest News:

Ambassador Jumeih: UNESCO Sent Monitoring Mission to Socotra Following Reports of Violations World Heritage ..

Leadership Council Chairman Warns Against Undermining Sovereign Decisions

EU says Hadramaut and Al Mahra developments threaten to bring risks to Gulf region

Yemeni Ambassador Discusses Yemen's Developments with Bahraini Official

Morocco Reaffirms Support for Yemen's Stability and Unity

Oil prices rise after reaching initial agreement regarding the US debt ceiling

[29/05/2023 02:43]

Singapore - Saba
Oil prices rose in early Asian trade on Monday after US leaders reached a tentative agreement on the government's debt ceiling, which could prevent a catastrophic default in the world's largest economy and oil consumer.

Brent crude futures rose 39 cents, or 0.5 percent, to $77.34 a barrel.

West Texas Intermediate crude futures rose 45 cents, or 0.6 percent, to $73.12 a barrel.

On Saturday, US President Joe Biden and House Speaker Kevin McCarthy reached an agreement in principle to suspend the government's debt ceiling of $31.4 trillion.

Investors are looking forward to data on the manufacturing and services sectors in China this week, as well as data on non-farm payrolls in the United States on Friday, looking for indications of economic growth and demand for oil.