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April 24, 2025

Oil Prices Decline by 2% as Market Sees Downturn

New York: Oil prices slipped 2 percent on Wednesday. Brent crude futures settled down US$1.32, or 1.96 percent, at US$66.12 a barrel, while US West Texas Intermediate crude ended US$1.40, or 2.2 percent, lower at US$62.27. According to Qatar News

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US Stocks End Higher

New York: US stocks ended higher at the end of the trading session on Wednesday. The S and P 500 SPX gained 85.82 points, or 1.62%, to end at 5,373.58 points, while the Nasdaq Composite IXIC gained 398.42 points, or

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US Crude Stockpiles Post Surprise Build as Imports Jump

Houston: US crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline and distillate inventories fell more than expected, the Energy Information Administration (EIA) said. Crude inventories increased by 244,000 barrels to reach a total of 443.1

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