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Oil price tops $100 a barrel
Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.
France Advance to World Cup Quarterfinals, Set Up Morocco Clash
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Last Update: ،
2026/07/16
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10:21:20
Latest News:
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Latest News:
President al-Alimi Offers Condolences to Emir of Qatar on Death of Father Emir Sheikh Hamad bin Khalifa ..
Dr. Abdullah al-Alimi, UK Armed Forces Minister Discuss Defense Cooperation
Interior Ministry Takes Part in Arab Conference of Security Media Chiefs
Ambassador Al-Awd Discusses Iranian Violations of Yemen's Sovereignty With Spanish Official
Yemenia to Resume Jeddah-Socotra Flights From Late September
Oil stabilizes after surprise drop in U.S. crude inventories
[30/10/2024 01:24]
SINGAPORE - SABA
Oil prices were settled in early Asian trade today, Wednesday, after industry data had showed a surprise drop in U.S. crude and gasoline inventories, following losses in the previous two sessions on the prospect of a de-escalation in the Middle East conflict.
Brent crude futures were up 21 cents, or 0.3 percent, at $71.33 a barrel by 0002 GMT.
U.S. West Texas Intermediate (WTI) crude futures were up 22 cents, or 0.3 percent, at $67.43 a barrel.
Data from the American Petroleum Institute showed that crude oil and fuel stocks in the United States fell last week.
The data indicated that crude stocks fell by 573,000 barrels in the week ending October 25.
Gasoline stocks fell by 282,000 barrels, while distillate stocks fell by 1.46 million barrels.
Oil prices were settled in early Asian trade today, Wednesday, after industry data had showed a surprise drop in U.S. crude and gasoline inventories, following losses in the previous two sessions on the prospect of a de-escalation in the Middle East conflict.
Brent crude futures were up 21 cents, or 0.3 percent, at $71.33 a barrel by 0002 GMT.
U.S. West Texas Intermediate (WTI) crude futures were up 22 cents, or 0.3 percent, at $67.43 a barrel.
Data from the American Petroleum Institute showed that crude oil and fuel stocks in the United States fell last week.
The data indicated that crude stocks fell by 573,000 barrels in the week ending October 25.
Gasoline stocks fell by 282,000 barrels, while distillate stocks fell by 1.46 million barrels.
Key words:
Intermediate - inventories - escalation - distillate - Gasoline - Wednesday - Brent - following - SINGAPORE - Petroleum -
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