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Last Update: ،
2025/11/03
Time
02:07:09
Latest News:
Information Minister Accuses Houthi Militia of Covering Up Doctor's Murder
Health Minister Opens Workshop to Update National Plan for Combating Pandemic Influenza
Prime Minister arrives in Doha to join Second Global Summit on Social Development
Foreign Minister discusses with Bahraini counterpart issues of common interest
FM meets with Secretary-General of GCC
Latest News:
Information Minister Accuses Houthi Militia of Covering Up Doctor's Murder
Health Minister Opens Workshop to Update National Plan for Combating Pandemic Influenza
Prime Minister arrives in Doha to join Second Global Summit on Social Development
Foreign Minister discusses with Bahraini counterpart issues of common interest
FM meets with Secretary-General of GCC
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 -
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