Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Local sources: The Israeli force, which crossed into southern rural Damascus, has reached the town of Qatana, located just 10 kilometers from the Syrian capital
Local sources: An Israeli ground unit, comprising more than 15 military and armored vehicles, carried out an incursion into southern rural Damascus from the occupied Syrian Golan
Belgian court orders regional government to stop military exports to Israel, Belga reports
Latin Patriarchate in occupied al-Quds: The Holy Family Church in Gaza was subjected to Israeli shelling, resulting in injuries, including Father Gabriele Romanelli
Al Mayadeen’s correspondent in France: Georges Abdallah’s lawyer has officially informed him of the court’s decision granting his release
Al Mayadeen's correspondent in South Lebanon: One was martyred in a raid that targeted the town of Kfour, Nabatieh District
Al Mayadeen's correspondent in South Lebanon: One was martyred in an Israeli drone strike that targeted a truck in the town of Naqoura
Defense Attorney: Lebanese activist George Ibrahim Abdallah will be released on July 25
Georges Abdallah's defense attorney: The decision to release Lebanese activist Georges Ibrahim Abdallah will be issued in a few minutes
The French judiciary decided to release Lebanese activist Georges Ibrahim Abdallah after 41 years of detention

Oil prices climb on weaker dollar

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Oct 2022 09:37
  • 1 Shares
2 Min Read

Brent crude futures rose 26 cents to $93.52 per barrel, while WTI crude futures in the United States rose 74 cents to $85.32.

  • x
  • A pump is seen at a gas station.
    A pump is seen at a gas station.

Oil prices edged higher on Tuesday in the United States, recovering from a more than $1 drop earlier in the day, boosted by a weaker dollar and supply concerns raised by Saudi Arabia's energy minister.

Brent crude futures rose 26 cents to $93.52 per barrel, while WTI crude futures in the US rose 74 cents to $85.32.

During the afternoon trade, the US dollar index fell, making greenback-denominated oil less expensive for other currency holders and helping to push prices higher.

Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, added to the support by saying that energy stockpiles were being used to manipulate markets.

Related News

German Defense Minister arrives in Kiev in surprise visit

Britney Spears' Conservatorship is a Feminist Issue

On Monday, government data showed that China's crude oil imports in September were 2% lower than a year ago, while business activity in the eurozone, the United Kingdom, and the United States contracted in October.

Recession "most likely"

Goldman Sachs CEO David Solomon believes a recession in the United States is "most likely," while a recession in Europe is possible.

If there are no real changes in behavior, the Federal Reserve of the United States may raise its benchmark overnight interest rate above the 4.50%-4.75% range, he said at the FII conference.

According to market sources citing American Petroleum Institute figures on Tuesday, crude stocks in the United States increased by about 4.5 million barrels in the week ended Oct. 21. Gasoline inventories fell by approximately 2.3 million barrels, while distillate inventories increased by approximately 600,000 barrels.

On Wednesday, the US government will release data on crude stockpiles.

This is happening as a political crisis deepens between Washington and Riyadh, especially after Saudi Arabia led a decision in OPEC+ to cut oil production by 2 million barrels a day as of November after Biden did all in his lobbying power to halt the decision. 

  • Oil prices
  • brent crude
  • The United States of America
  • Russia
  • US
  • Saudi Arabia

Most Read

An Israeli soldier abandons an excavator during an ambush by al-Qassam Brigades. Arabic text reads "The moment the soldier fled", July, 10, 2025 (Al Qassam Military Media)

Israeli media rue al-Qassam footage, alarmed by fighters among troops

  • Politics
  • 11 Jul 2025
This satellite image from Planet Labs PBC shows damage after an Iranian attack at the al Udeid Airbase outside of Doha, Qatar, June 25, 2025 (Planet Labs PBC via AP)

Satellite images show Iran attack damaged US comms dome in Qatari base

  • Politics
  • 11 Jul 2025
Ukraine’s Corporate Carve-Up Collapses?

Ukraine’s Corporate Carve-Up Collapses?

  • Analysis
  • 11 Jul 2025
Credible reports, including some from Israeli media itself, indicate that Tel Aviv had pinned its hopes on what can only be described as a delusional plan. (Al Mayadeen English; Illustrated by Batoul Chamas)

Jebraily: Iran strikes rewrote regional deterrence rules - Exclusive

  • MENA
  • 15 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Fire at new Iraqi mall kills at least 77 people
Miscellaneous

61 people killed as fire engulfs new mall in Iraq's Wasit

Colombia's President Gustavo Petro delivers a speech during a two-day conference on the Israeli war on Gaza, in Bogota, Colombia, Wednesday, July 16, 2025
Politics

Colombia's Petro says to part ways with NATO, cites bombing complicity

A person wearing graduate robes is detained by police across the street from the main gates of Columbia University, Wednesday, May 21, 2025, in New York. (AP)
Politics

Columbia yields to federal pressure, adopts IHRA to regain $400M funds

Members of a French military flight crew talk on the tarmac at France's military air base in Dakar, Senegal, between flights toward the presumed site of the crash of a missing Air France flight Tuesday, June 2, 2009 (AP)
Politics

French army exits Senegal, as president advances post-colonial reforms

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS