Arab Today, arab today oil below 77 in asia
Last Updated : GMT 02:30:34
Arab Today, arab today
Arab Today, arab today

Oil below $77 in Asia

Arab Today, arab today

Arab Today, arab today Oil below $77 in Asia

Singapore - Qna

Oil slid below $77 a barrel Tuesday in Asia as fears intensified that Greece may not be able to crawl out from beneath a mountain of debt without defaulting. Benchmark crude for November delivery was down 92 cents to $76.70 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange its lowest since late September 2010. Benchmark crude fell $1.59, or 2 percent, to close at $77.61 per barrel in New York on Monday. In London, Brent crude fell 81 cents to $100.90 on the ICE Futures Exchange. Investor concerns about Greece were heightened when the debt-strapped country said over the weekend it will miss its lower budget deficit targets even after severe cost-cutting. Despite the shortcoming, Europe pledged to loan Greece money to help pay its upcoming bills, but that failed to reassure stock and commodity markets. Without more financial aid, Greece says it will start running out of money in two weeks. A Greek default could spread to nearby countries and possibly trigger widespread banking problems. That would hamper world energy demand as lending slows and businesses cut spending. \"Germany\'\'s parliament last week ratified an aid package agreed upon in July, but prices weakened as the week wore on as investors realized that last week\'\'s vote was just the beginning.\" Oil fell along with broad declines on global stock markets. On Wall Street, the Dow Jones industrial average, the S&P 500 and the Nasdaq composite were each down about 2 percent. In Asia, benchmarks in Japan, Hong Kong and South Korea were also sharply down by midday. Meanwhile, manufacturing surveys out of China pointed to muted activity in September as prices for raw materials rose. One survey suggested manufacturing was stagnant, while another showed slight improvement. Both were disappointments for oil analysts and traders, since China is the second largest oil consumer in the world behind the U.S. \"The deterioration in global manufacturing ... supports our view that underlying demand for commodities is weakening,\" researchers at Capital Economics said. \"We expect the prices of oil and industrial metals in particular to fall a lot further.\" In other Nymex trading Tuesday, heating oil fell 1 cent to $2.74 per gallon. Gasoline futures fell 2 cents a gallon to $2.54. Natural gas was unchanged at $3.62 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 below 77 in asia Arab Today, arab today oil below 77 in asia

 



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 below 77 in asia Arab Today, arab today oil below 77 in asia

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer 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