Arab Today, arab today brent oil steady under us119
Last Updated : GMT 18:57:31
Arab Today, arab today
Arab Today, arab today

Brent oil steady under US$119

Arab Today, arab today

Arab Today, arab today Brent oil steady under US$119

Beijing - Arabstoday

Brent held steady under US$119 a barrel on Monday, supported by the impact of sanctions on Iranian supply, while investors await key manufacturing data out of China for clues on the health of the world\'s number two oil consumer. Iran\'s crude exports have slipped to 2.1m barrels per day (bpd), compared with an average of 2.3m bpd in the last Iranian year that ended on March 19, Iranian oil officials said according to a report published on Friday. Brent crude slipped 2 cents to US$118.74 a barrel by 0151 GMT, while US crude was 12 cents lower at US$103.76. \"On the supply side, Iran continues to be a risk which we can\'t ignore at all,\" said Ric Spooner, chief market analyst at Australia-based CMC Markets. \"It seems quite unlikely that we will be seeing any swift resolution to the standoff between the West and Tehran over their nuclear program.\" Tightening western sanctions on Iran over the Islamic Republic\'s disputed nuclear programme helped send Brent prices above US$128 a barrel in March, the highest since 2008. The European Union is also planning an embargo on Iranian oil imports from July 1. While a review is possible in the next two months, there is no economic reason now to change plans for the ban, a senior EU official said on Friday. At a Group of 20 finance ministers\' meeting in the United States last week, officials issued a communique which outlined an agreement between the group and emerging nations to closely watch oil prices and carry out \"additional actions\" as needed and welcome the commitments by producing countries to ensure adequate supply. Traders were also keeping a close eye on China\'s flash manufacturing PMI data from HSBC due out at 0230 GMT. \"Any indication which shows further deterioration to China\'s manufacturing could likely put pressure on oil prices,\" Spooner said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brent oil steady under us119 Arab Today, arab today brent oil steady under us119

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brent oil steady under us119 Arab Today, arab today brent oil steady under us119

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb

GMT 23:44 2017 Saturday ,03 June

OPEC daily basket price for Tuesday, 30th May 2017
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday