Sana'a: Oil prices stabilized on Wednesday after data showed that U.S. crude inventories fell last week, adding to market sentiment about tightening crude supplies. US West Texas Intermediate (WTI) crude futures were trading at $63.45 a barrel, up slightly by 0.16% from their previous settlement price. Brent crude futures were trading at $67.71 a barrel, up 0.12% from their previous closing price. According to Yemen News Agency, data from the American Petroleum Institute (API) yesterday showed a decline in US oil inventories during the week ending September 19. The data indicated that crude oil inventories fell by 3.82 million barrels last week, while gasoline inventories also declined by 1.05 million barrels. The API data are estimates, and official US government energy data is scheduled to be released later on Wednesday.
Related Articles
Oil Prices Fall on OPEC Plans to Increase Crude Production
New york: Oil prices fell on Tuesday, continuing their decline after the previous two sessions, as pressure from OPEC plans to increase production overshadowed optimism about a potential trade agreement between the US and China.
According to Yemen N…
S Korea: IT Exports Hit Record High in May
South korea: South Korea’s exports of information and communication technology (ICT) products reached a record high in May, driven by demand for semiconductors and other products related to artificial intelligence (AI).
According to Yemen News Agency…
Beijing’s Major Cultural Companies Earn 1.2 Trillion Yuan in First Half
Beijing: Major cultural companies in Beijing generated operating revenues of approximately 1.2 trillion yuan (USD 1 ‹Å“ 7.2 yuan) in the first half of 2025, up 13.3% year-on-year, according to Beijing Statistics Bureau data.
According to Yemen News …