Oil Rises in Early Asian Trading
Singapore - Saba:
Oil prices rose in early Asian trading on Tuesday, supported by geopolitical tensions.
Brent crude futures rose by (55) cents, or 0.85%, to reach $65.18 per barrel, according to the Singapore News Agency.
US West Texas Intermediate crude rose by (59) cents, or 0.94%, to $63.11 per barrel, after recording gains of approximately 1% earlier in the session.
Whatsapp Telegram Email Print
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saba Yemen
3 days ago
- Saba Yemen
Oil prices fall, stocks Rise in Asian trading
Tokyo - (Saba): Oil prices fell in early Asian trading on Wednesday, affected by the supply-demand imbalance following the OPEC+ production increase and ongoing concerns about the global economic outlook due to tensions stemming from tariffs. Brent crude futures fell (5) cents, or (0.1%), to $65.58 per barrel, while US West Texas Intermediate (WTI) crude fell (9) cents, or (0.1%), to $63.32 per barrel. In stock markets, most Asian markets recorded gains during trading on Wednesday, with South Korean stocks leading the region's gainers, with the main KOSPI index jumping 2.4% to reach a ten-month high. China's CSI 300, which includes the largest companies listed on the Shanghai and Shenzhen stock exchanges, and the Shanghai Composite Index rose 0.5% and 0.3%, respectively, while Hong Kong's Hang Seng Index rose 0.6%. In Australia, the ASX 200 rose 0.7%, despite weak GDP data showing a slowdown in economic growth during the first quarter due to weak spending and trade headwinds. In Singapore, the Straits Times Index fell 0.3%, weighed down by losses in local banking stocks. Meanwhile, India's Nifty futures showed signs of a slightly positive opening after the index fell below the 25,000 level in recent sessions. Whatsapp Telegram Email Print more of (International)
Saba Yemen
3 days ago
- Saba Yemen
Oil Rises in Early Asian Trading
Singapore - Saba: Oil prices rose in early Asian trading on Tuesday, supported by geopolitical tensions. Brent crude futures rose by (55) cents, or 0.85%, to reach $65.18 per barrel, according to the Singapore News Agency. US West Texas Intermediate crude rose by (59) cents, or 0.94%, to $63.11 per barrel, after recording gains of approximately 1% earlier in the session. Whatsapp Telegram Email Print
Saba Yemen
5 days ago
- Saba Yemen
Oil prices rise after OPEC+ decision to increase production in July
Singapore - (Saba): Oil prices rose by more than $1 a barrel in early Asian trading after the OPEC+ group decided to increase production in July by the same amount it increased in each of the previous two months, in line with market expectations. Brent crude futures rose $1.06, or 1.69%, to $63.84 a barrel, while US West Texas Intermediate crude rose $1.16, or 1.91%, to $61.95 a barrel. OPEC+ decided on Saturday to increase production by 411,000 barrels per day in July compared to the production level requested in June 2025, equivalent to three monthly increases. Whatsapp Telegram Email Print
