Arab Today, arab today oil above 85 in asia
Last Updated : GMT 23:49:03
Arab Today, arab today
Arab Today, arab today

Oil above $85 in Asia

Arab Today, arab today

Arab Today, arab today Oil above $85 in Asia

Singapore - Qna

Oil prices hovered above $85 a barrel Tuesday in Asia, pausing after gains of 13% over the past week that were fueled by hopes Europe will contain its debt crisis and avoid a global recession. Benchmark crude for November delivery was down 11 cents at $85.30 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $2.43 to settle at $85.41 in New York on Monday. Brent crude was down 12 cents at $108.83 a barrel on the ICE Futures Exchange in London. Investor optimism was bolstered after German Chancellor Angela Merkel and French President Nicolas Sarkozy said Sunday they would finalize a \"comprehensive response\" to Europe\'\'s debt crisis by the end of the month. Concern that a possible debt default by Greece could lead to a banking crisis had sent crude to a 12-month low of $75 last week. But traders now expect European leaders to agree to pump more capital into the region\'\'s banks, which would likely limit the possible damage of a default. \"A week ago, traders and investors saw Europe melting down,\" Cameron Hanover said in a report. \"But Germany and France have agreed to contain the Greek contagion. The end-result is that confidence has been restored.\" Oil traders also took their cue from surging stock markets. The Dow Jones industrial average jumped 3% Monday and Asian stock markets gained Tuesday. In other Nymex trading, heating oil fell 0.5 cent to $2.90 per gallon and gasoline futures added 0.8 cent to $2.70 per gallon. Natural gas gained 3.3 cents to $3.57 per 1,000 cubic feet  

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 oil above 85 in asia Arab Today, arab today oil above 85 in asia

 



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 oil above 85 in asia Arab Today, arab today oil above 85 in asia

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
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 10:24 2017 Thursday ,22 June

Crude headed for weakest first half in two decades

GMT 04:23 2017 Tuesday ,20 June

Oil prices flat after weeks of steep declines

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

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
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

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 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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