Arab Today, arab today crude oil prices fall on budget impasse
Last Updated : GMT 21:03:02
Arab Today, arab today
Arab Today, arab today

Crude oil prices fall on budget impasse

Arab Today, arab today

Arab Today, arab today Crude oil prices fall on budget impasse

New York - AFP

Crude prices fell slightly Tuesday amid uncertainty surrounding US budget talks and caution ahead of the weekly release of US oil supply data. New York\'s main contract, West Texas Intermediate for delivery in January, finished at $88.5 a barrel, down 59 cents from Monday\'s closing level. In London trade, Brent North Sea crude for January fell $1.08 to $109.84. On Wednesday, the US Department of Energy is due to issue its regular weekly report on US oil supplies, with analysts polled by Dow Jones Newswires predicting it would reflect a decrease of 400,000 barrels. The closely watched data is considered a barometer of demand in the world\'s biggest crude-oil consuming country. Crude oil prices dipped because investors appeared cautious ahead of Wednesday\'s inventory figures, said iiTrader\'s Bill Baruch. Earlier Tuesday, the US Energy Information Administration reported that US monthly crude oil production reached its highest level in nearly 15 years, averaging almost 6.5 million barrels per day in September 2012. The last time the United States produced this much per day was in January 1998. Markets also were closely watching a budget impasse in Washington that could send the world\'s biggest economy into recession if no deal is reached to avert the year-end \"fiscal cliff\" of significant tax increases and spending cuts that take effect in January. Investors fear that if Republicans and Democrats fail to reach a compromise on longer-term budget-deficit reduction to avoid the cliff, demand for crude will drop.

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 crude oil prices fall on budget impasse Arab Today, arab today crude oil prices fall on budget impasse

 



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 crude oil prices fall on budget impasse Arab Today, arab today crude oil prices fall on budget impasse

 



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

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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