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

Mujalli Discusses Latest Developments in Yemen with French Ambassador

Member of the Presidential Leadership Council, Sheikh Othman Mujalli met today, Sunday, with the French Ambassador to Yemen, Catherine Corm Kammoun. During the meeting, they discussed the latest developments on both the local and regional levels, in the presence of the French Military Attaché, Abdelkader Ben Abdallah.

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).

Korean autos exports rise 13.7 percent in November

South Korea's autos exports rose by 13.7 percent year-on-year in November, thanks to a notable increase in shipments of eco-friendly and hybrid models.

CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco

The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.

Last Update: ، 2025/12/21 Time 09:52:52
Latest News:

Mujalli Discusses Latest Developments in Yemen with French Ambassador

Central Bank of Yemen Approves 2026 Budget

MASAM removes 2656 Houthis-laid landmines in 3 weeks

Yemenia Airways Announces Resumption of Flights from Aden to Abu Dhabi

Human Rights Report: Members of Transitional Council Committed 312 Cases of Arrest, Forcibly Disappearance ..

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.