Please wait...
GulfBase Live Support
- Toyota opens US battery plant, confirms $10bn investment plan
- Trump signs spending bill to end longest US gov't shutdown in history
- Dubai gold prices soar past Dh500 overnight as global rally continues
- Qatar and UK explore investment opportunities at London roundtable
- Qatar's bespoke appetite drives Rolls-Royce's global future
- Aramco Signs 28 MoUs Worth Over $1 Billion at Middle East Corrosion Conference
- NBK sets new standards for excellence in human capital development with 2 prestigious awards
- German experts slam spending plans, cut GDP forecast
- TOURISE 2025: Saudi TDF secures $773m in tourism investments
- IA chairman: Saudi insurance sector poised to double in size within 5 years
10/05/2010 00:00 AST
Crude oil prices inched up Monday, as global investors welcomed the news that European Union leaders agreed on a $900 billion bailout plan for Greece.
Crude for June delivery rose $1.69 or 2.25%, settling at $76.80 a barrel Monday.
Meanwhile, gasoline prices fell for the fourth day in a row, slipping to $2.908 a gallon from $2.914 the day before.
The price of crude rose along with global markets Monday after the EU and the International Monetary Fund approved a $900 billion rescue plan for debt-strapped European countries. In a separate show of support, the U.S. Federal Reserve joined central banks in Canada and Europe to re-establish a program supporting credit markets.
The European Central Bank also announced overnight it will buy government and private bonds to rescue the euro.
The news boosted optimism in Europe, giving investors two incentives to buy oil. A recovering European economy could boost demand for fuel, and second, more euros circulating could make a tangible commodity a more attractive investment than paper currencies.
For more on this Click Here
CNNMoney
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 65.07 | 0.35 | 0.54 |
| WTI | 60.89 | 0.6 | 1 |
| OPEC Basket | 66.46 | 1.22 | 1.87 |
11/11/2025
Oil prices stabilized on Monday as investors assessed the likelihood of a near-term end to the US government shutdown, amid concerns about oversupply.
Brent crude futures rose 11 cents, or 0
QNA
07/11/2025
Iraq's state-owned oil company SOMO has offered more than 6 million metric tons of high-sulphur fuel oil (HSFO) between January and June 2026 in three tenders of varying volumes, according to market
Asharq Al Awsat
05/11/2025
Oil fell for a second day after an industry report indicated the biggest increase in US inventories in more than three months.
West Texas Intermediate held above $60, while Brent settled a
Bloomberg
04/11/2025
The eight OPEC+ countries that previously announced additional voluntary adjustments in April and November 2023 - namely Saudi Arabia, Russia, Iraq, the UAE, as well as Kuwait, Kazakhstan, Algeria, a
Arab News
03/11/2025
OPEC+ on Sunday agreed a small oil output increase for December and a pause in increases in the first quarter of next year as the producers' group moderates plans to regain market share due to rising
Khaleej Times
Financial Information Co.
Saudi Arabia