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Last Update: ،
2025/10/02
Time
07:45:42
Latest News:
Defense Minister meets with the French Ambassador, Military Attaché
Chairwoman of Woman National Committee seeks French support for Yemeni woman issues
Humanitarian partners discuss confronting risks of spread cholera in Taiz
Planning Minister discusses with UN's official economic situations
German-funded training program for medics kicked-off
Latest News:
Defense Minister meets with the French Ambassador, Military Attaché
Chairwoman of Woman National Committee seeks French support for Yemeni woman issues
Humanitarian partners discuss confronting risks of spread cholera in Taiz
Planning Minister discusses with UN's official economic situations
German-funded training program for medics kicked-off
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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