Crude oil prices inched higher on global exchanges, reflecting cautious optimism amid ongoing market fluctuations.
Oil prices recorded slight gains in international markets, continuing a trend of modest fluctuations driven by economic indicators and geopolitical factors.
On the London InterContinental Exchange Futures (ICE), Brent crude rose by $0.13, reaching $65.01 per barrel. Meanwhile, Light crude on the New York Mercantile Exchange (NYMEX) increased by $0.14 to trade at $61.67 per barrel.
The uptick in prices comes amid investor watchfulness over global supply dynamics, economic recovery signals, and potential shifts in demand. Analysts suggest that further developments in geopolitical tensions, OPEC+ production decisions, and global consumption patterns could influence market direction in the coming weeks.
Britain and Switzerland have signed an agreement to explore the creation of a direct rail connection between London and Switzerland, aiming to expand cross-border train travel beyond existing routes to Paris, Brussels, and Amsterdam.
Iranian Foreign Minister Abbas Araqchi will visit Saudi Arabia and Qatar on Saturday to attend the Iran-Arab World Dialogue summit in Doha, as preparations continue for a possible fourth round of U.S.-Iran nuclear talks in Oman over the weekend.
Armenian Prime Minister Nikol Pashinyan confidently announced that there will be no war between Armenia and Azerbaijan, emphasizing a shared commitment to a peaceful and prosperous future for the region.
President Donald Trump and U.K. Prime Minister Keir Starmer have reached a trade agreement that lowers U.S. tariffs on British autos, steel, and aluminum, while maintaining a 10% baseline tariff on other goods and boosting American exports of beef and ethanol.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
Britain and Switzerland have signed an agreement to explore the creation of a direct rail connection between London and Switzerland, aiming to expand cross-border train travel beyond existing routes to Paris, Brussels, and Amsterdam.
Iranian Foreign Minister Abbas Araqchi will visit Saudi Arabia and Qatar on Saturday to attend the Iran-Arab World Dialogue summit in Doha, as preparations continue for a possible fourth round of U.S.-Iran nuclear talks in Oman over the weekend.
Armenia and Azerbaijan are now conducting direct peace talks without Russian mediation, according to Armenian Security Council Secretary Armen Grigoryan. He told Armenian media that Moscow’s mediating role has ended and that direct dialogue is now seen as more effective.
Armenian Prime Minister Nikol Pashinyan confidently announced that there will be no war between Armenia and Azerbaijan, emphasizing a shared commitment to a peaceful and prosperous future for the region.
Britain has imposed fresh sanctions on Russia, including asset freezes targeting directors of the oil trading firm Coral Energy Group, now known as 2Rivers Group.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
Ukraine is exploring whether to replace the U.S. dollar with the euro as its reference currency, as Kyiv aligns more closely with the EU and global trade fractures deepen.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
As European NATO countries rush to strengthen their armed forces, large pension bills threaten to divert funds from urgently needed military hardware.
The European Commission has presented a roadmap to ensure the EU fully ends its dependency on Russian energy, while ensuring stable energy supplies and prices across the EU.
Britain and Switzerland have signed an agreement to explore the creation of a direct rail connection between London and Switzerland, aiming to expand cross-border train travel beyond existing routes to Paris, Brussels, and Amsterdam.
Iranian Foreign Minister Abbas Araqchi will visit Saudi Arabia and Qatar on Saturday to attend the Iran-Arab World Dialogue summit in Doha, as preparations continue for a possible fourth round of U.S.-Iran nuclear talks in Oman over the weekend.
Armenia and Azerbaijan are now conducting direct peace talks without Russian mediation, according to Armenian Security Council Secretary Armen Grigoryan. He told Armenian media that Moscow’s mediating role has ended and that direct dialogue is now seen as more effective.
Armenian Prime Minister Nikol Pashinyan confidently announced that there will be no war between Armenia and Azerbaijan, emphasizing a shared commitment to a peaceful and prosperous future for the region.
Britain has imposed fresh sanctions on Russia, including asset freezes targeting directors of the oil trading firm Coral Energy Group, now known as 2Rivers Group.
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