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

Saudi Development Program Showcases Yemen Reconstruction Experience at Global Urban Forum

The Saudi Program for Development and Reconstruction of Yemen participated in the 13th session of the World Urban Forum in Baku, as part of Saudi Arabia’s official delegation to the international event organized by the UN-Habitat.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/19 Time 11:49:39
Latest News:

Saudi Development Program Showcases Yemen Reconstruction Experience at Global Urban Forum

Cabinet Endorses Economic Measures to Improve Public Sector Conditions

Minister of Planning Seeks British Support for National Development, Stability Plan

Al-Eryani Receives Invitation to Participate in Arab Information Ministers' Meeting from Libyan Ambassador ..

Presidential Leadership Council Member Mahmoud al-Subaihi Receives UN Delegation in Aden

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.