oil eases investors eye economic growth
Last Updated : GMT 02:09:47
Arab Today, arab today
Arab Today, arab today

Oil eases, investors eye economic growth

Arab Today, arab today

Arab Today, arab today Oil eases, investors eye economic growth

Washington - Arabstoday

Oil eased in volatile trading towards $123 a barrel on Tuesday as concerns over global economic growth trumped the supply risks and tension associated with Iran\'s controversial nuclear work. Brent crude fell 66 cents to $123.12 a barrel by 1009 GMT after climbing to a daily high of $124.39. U.S. crude slid 62 cents to $106.09. \"On the one hand, the market is trading already on the expensive side. Given mixed economic data, the upside potential for prices from here should be limited,\" said Tobias Merath, head of Global Commodity Research at Credit Suisse Private Banking. \"At the same time, geopolitical risks are a growing concern, preventing prices from easing. Overall, we think price risks are slightly skewed to the upside due to strong technical momentum and a positive trend.\" Israel\'s increasingly strident stance towards Iran over its nuclear program is keeping oil markets on edge. Israeli Prime Minister Benjamin Netanyahu showed no sign of backing away from possible military action against the OPEC member after a meeting with U.S. President Barack Obama on Monday. The International Atomic Energy Agency (IAEA) raised the alarm over Iran\'s nuclear work on Monday, saying there were indications of activities at Parchin, an Iranian military site its inspectors want to visit. Tehran said on Tuesday it would give the U.N. nuclear watchdog access to Parchin. It did not give a date for such a visit. SLOWER GROWTH Investors are also watching out for China\'s industrial output, investment and retail sales data due on Friday to see how the world\'s second-largest economy is weathering the global downturn. Beijing cut its 2012 economic growth target to an eight-year low of 7.5 per cent from its long-standing annual goal of 8 per cent, raising the specter of slower oil consumption. Evidence of sluggish demand in top consumer the United States could emerge later on Tuesday. U.S. crude oil stockpiles have risen for three straight weeks. The weekly report from the American Petroleum Institute is due later on Tuesday.

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*

oil eases investors eye economic growth oil eases investors eye economic growth

 



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*

oil eases investors eye economic growth oil eases investors eye economic growth

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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