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

Saudi Crown Prince Offers Condolences to Family of Former President Abd-Rabbu Mansour Hadi

Saudi Crown Prince and Prime Minister, Mohammed bin Salman, extended his condolences and sympathies to the family of former Yemeni President Abd-Rabbu Mansour Hadi during a telephone call with Brig. Nasser Abd-Rabbu Mansour Hadi.

Magnitude 5 Earthquake Strikes Fiji Islands in the South Pacific

A magnitude 5.0 earthquake struck south of the Fiji Islands in the South Pacific Ocean on Sunday, according to the United States Geological Survey (USGS). The earthquake occurred at a depth of approximately 486.2 kilometers beneath the Earth's surface.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/02 Time 12:40:45
Latest News:

Yemen Condemns Iranian Attacks Against Kuwait

Masam Removes 1,609 Mines, Unexploded Ordnance on May Fourth Week

Saudi Defense Minister Delivers Leadership Condolences Following Death of Former President Hadi

Al-Alimi Receives Further Condolences on the Passing of Former President Hadi

UAE Leadership Extends Condolences to Leadership Council Chairman on Passing of Former President

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.