Arab Today, arab today oil below 99 in asia
Last Updated : GMT 05:19:39
Arab Today, arab today
Arab Today, arab today

Oil below $99 in Asia

Arab Today, arab today

Arab Today, arab today Oil below $99 in Asia

Singapore - Qna

Oil prices hovered below $99 a barrel Thursday in Asia as signs of improving U.S. crude demand were offset by ongoing concerns about Europe\'\'s debt crisis. Benchmark crude for February delivery was up 10 cents to $98.77 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.43 to settle at $98.67 on Wednesday. In London, Brent crude was up 3 cents at $107.74 on the ICE futures exchange. Oil jumped Wednesday amid evidence U.S. crude demand could be growing. The Energy Information Administration said Wednesday that crude inventories fell last week by 10.6 million barrels, the biggest drop ever for that time period and a much larger drop that the decrease of 2.3 million barrels forecast in an analyst survey by Platts, the energy information arm of McGraw-Hill. Crude has zigzagged near $100 for the last five weeks, with prices capped by investor fears that austerity measures to lower debt levels could trigger a recession in Europe next year. Traders are also eyeing potential disruptions to global crude supplies. Tensions between Western nations and Iran, the world\'\'s fourth biggest crude producer, have been rising over Iran\'\'s nuclear ambitions. Political instability in Kazakhstan, which exports about 1.3 million barrels of oil per day or about 1.5% of world demand, could also threaten its supplies. Trading volume normally falls during the next two weeks as many traders take vacations around the Christmas and New Year\'\'s Day holidays. In other energy trading on the Nymex, natural gas rose 0.5 cent to $3.16 per 1,000 cubic feet. Heating oil fell 0.4 cent to $2.91 a gallon and gasoline futures were up 0.4 cent to $2.63 a gallon. (QNA) ST/LY

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 99 in asia Arab Today, arab today oil below 99 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 below 99 in asia Arab Today, arab today oil below 99 in asia

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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