Arab Today, arab today oil ends 4 straight session losing streak
Last Updated : GMT 01:38:25
Arab Today, arab today
Arab Today, arab today

Oil ends 4 straight session losing streak

Arab Today, arab today

Arab Today, arab today Oil ends 4 straight session losing streak

New York - XINHUA

US crude oil price ended its four straight session losing streak on Friday with a moderate gain, still posting big weekly loss. There was a report saying that the European officials were talking about a bailout plan for Spain. According to the anonymous official involved in the discussion, the plan will focus on structural measures instead of new taxes or spending cuts. The report fueled optimism for an improved situation in Europe. Given the European Central Bank's unlimited asset purchase program, hopes for a better economic outlook in Europe rose. Besides, after the Bank of Japan followed the Federal Reserve and the ECB's step and adopted monetary easing policy to boost the country's economy, investors were expecting a wave of easy money across the world. More liquidity normally meant more capital flow into the crude market. In London, supplies concerns were the main driving force for the Brent crude price gains. The maintenance at the 200,000 barrel-per-day Buzzard field resulted in export delays of North Sea Forties oil, the most important one of the four grades that form the Brent crude basket. The field was shut on Sept. 5 for 28 days of work, but now the maintenance was expected to be extended by three to five days. Furthermore, the tension in the Middle East kept posing risks to oil production in the region. Light, sweet crude for November delivery added 47 cents, or 0. 51 percent, to settle at 92.89 dollars a barrel on the New York Mercantile Exchange. But for the week, it still fell 6.11 dollars, or 6.17 percent. In London, Brent crude for November delivery rose 1.39 dollars, or 1.26 percent, to close at 111.42 dollars a barrel. For this week, it dropped 5.24 dollars, or 4.49 percent.  

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 ends 4 straight session losing streak Arab Today, arab today oil ends 4 straight session losing streak

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
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