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Last Update: ،
2025/04/19
Time
12:29:48
Latest News:
US Treasury imposes sanctions on IBY bank for financing Houthi terrorist militia
Marib Governor's Deputy Meets with WFP Deputy Representative over Food Crisis Response
PM Emphasizes Role of Expatriates in Homeland Development
PM receives Resident Representatives of UNDP in Yemen
Vice Foreign Minister Discusses Developments in Hodeidah Governorate with Deputy Head of UNMHA
Latest News:
US Treasury imposes sanctions on IBY bank for financing Houthi terrorist militia
Marib Governor's Deputy Meets with WFP Deputy Representative over Food Crisis Response
PM Emphasizes Role of Expatriates in Homeland Development
PM receives Resident Representatives of UNDP in Yemen
Vice Foreign Minister Discusses Developments in Hodeidah Governorate with Deputy Head of UNMHA
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.
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.
Key words:
Investors - manufacturing - government's - catastrophic - Intermediate - indications - agreement - tentative - Brent - President -
Gold near highest record amid continued escalation of trade tensions
Oil rises, boosted by new tariff exemptions
China's autos industry grows in 1Q 2025
Canada begins imposing tariffs on US auto imports of 25 percent
Germany: New US tariffs an attack on the global trading system
Japan's industrial output grows 2.4 percent
Spain's public deficit amounts to 2.8 percent in 2024
Global energy demand up 2.2 percent in 2024
Eurozone annual inflation falls to 2.3 percent
QCB's foreign exchange reserves rise 3.81 percent
