Arab Today, arab today oil extends slide after frenchgreek polls
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Oil extends slide after French,Greek polls

Arab Today, arab today

Arab Today, arab today Oil extends slide after French,Greek polls

Washington - Arabstoday

Oil fell sharply on Monday, extending losses from the previous session, after elections in France and Greece raised concerns about their ability to carry out further austerity measures and renewed worries the euro zone debt crisis may resurface. The bad news from Europe came after US nonfarm hiring slowed for the second month in a row in April, which fueled a sell-off in oil markets on Friday. Since Friday, US crude has lost more than 6 percent, while Brent has dropped over 4 percent. U.S. crude was down $2.06 at $96.43 a barrel by 0021 GMT, after dropping to as low as $95.34, its weakest since Dec. 20, 2011. U.S. oil fell around 4 percent on Friday, its biggest drop since last December, to hit below $100 for the first time since February. Brent crude lost $1.66 to $111.52 a barrel, after touching a low of $110.34, its lowest since late January. The benchmark contract fell 2.5 percent on Friday. The euro tanked in early Asian trade, breaking below its well-worn range from the past three months, after elections in Greece and France fuelled concerns on whether struggling euro zone economies could continue to pursue austerity measures crucial to resolving the bloc\'s debt crisis. French voters ousted incumbent Nicolas Sarkozy, a key architect of bailouts for indebted countries and an advocate of austerity measures, in a presidential election on Sunday. In Greece, voters enraged by economic hardship caused by the terms of an international bailout also turned on ruling parties in an election on Sunday, putting the country\'s future in the euro zone at risk and threatening to revive Europe\'s debt crisis. Adding to the negative sentiment, U.S. employers cut back on hiring in April, with nonfarm payroll rising by a less than forecast 115,000 in April, spurring concerns that the U.S. economy is losing momentum. In the equity markets, Japan\'s benchmark Nikkei average fell 2.4 percent to 9,154.18 on Monday.

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 extends slide after frenchgreek polls Arab Today, arab today oil extends slide after frenchgreek polls

 



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 extends slide after frenchgreek polls Arab Today, arab today oil extends slide after frenchgreek polls

 



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 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

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

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
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