BREAKING NEWS

US oil jumps after data shows surprise US stock draw

By REUTERS

MARCH 15, 2017 05:46

US oil prices rose more than 2 percent in early Asian trade on Wednesday, recovering from a three-month low after industry data showed a surprise drawdown in US crude stockpiles and Goldman Sachs put a positive spin on OPEC's compliance with output cuts.

US West Texas Intermediate crude was trading up 70 cents, or 1.5 percent, at $48.42 a barrel by 0036 GMT, having earlier risen more than $1 to $48.87. The rise came after the contract fell for a seventh session in a row on Tuesday, the longest losing streak since January 2016.

Discussions on a ceasefire in Lebanon have made significant progress

By REUTERS

11/25/2024 09:22 PM

High Court approves three more months of haredi daycare subsidy

By JERUSALEM POST STAFF

11/25/2024 09:09 PM

US prosecutor asks judge to dismiss 2020 election subversion case

By REUTERS

11/25/2024 08:55 PM

Israeli strikes cause damage to bridges in Syria's Homs province

By REUTERS

11/25/2024 08:53 PM