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

.Yemen Presidential Council Member al-Arada Launches Saba TV Channel

Member of Yemen's Presidential Leadership Council, Sultan al-Arada, launched the official broadcast of Saba TV channel in Marib. Al-Arada emphasized that the channel will serve as a window for Yemen to the world and a platform to showcase the country's culture and issues.

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).

Record rise in gold, silver due to demand for safe havens

The price of gold surpassed the $4,600 per ounce level for the first time today, Monday, while silver prices also surged to their highest level ever.

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: ، 2026/01/13 Time 10:18:35
Latest News:

.Yemen Presidential Council Member al-Arada Launches Saba TV Channel

Tariq Saleh, EU Ambassador Discuss Developments and Stabilization Efforts

Al-Muharrami Discusses Supporting Stability, Development Efforts with French Ambassador

PM praises Germany's support for Yemen, appreciates its humanitarian assistance

Yemen joins the 5th International Mining Conference in Riyadh

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.