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

Governor of Taiz Discusses Emergency Measures to Address Water Crisis

Governor of Taiz Governorate Nabil Shamsan discussed Wednesday the report of the Governorate’s Supreme Committee for Water Crisis Management, along with ways to unify efforts and measures aimed at alleviating the severity of the expected crisis in water supplies.

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 03:42:21
Latest News:

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

Yemeni Military Heroes Laid to Rest in Marib Ceremony

Al-Mahra Security Committee Calls for Voluntary Surrender of Weapons Within 10 Days

MASAM removes 1181 Houthis-laid landmines in a week

Ambassador Turaiq Discusses Enhancing Cultural, Tourism Cooperation with Turkish Official

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.