Arab Today, arab today oil falls as signs of global economic slowdown grow
Last Updated : GMT 18:41:37
Arab Today, arab today
Arab Today, arab today

Oil falls as signs of global economic slowdown grow

Arab Today, arab today

Arab Today, arab today Oil falls as signs of global economic slowdown grow

London - Arabstoday

Oil futures dipped Monday as increasing signs of global economic slowdown prompted risk aversion, with the increase in speculators\' short positions in US crude further deepening its discount to North Sea Brent. By 0916 GMT, US crude futures slipped by 75 cents to $98.54 a barrel. Brent crude dipped by 34 cents to $118.44. \"Signs of slowdown are everywhere,\" Oliver Jakob with Petromatrix said. World stocks fell to a 12-week low mainly because Chinese data highlighted concerns about weaker global growth momentum, prompting investors to unwind positions in higher-risk assets and buy government bonds. Close to erasing 2011 gains Article continues below The MSCI world equity index fell to its weakest since mid-March. The index lost nearly 8 per cent since hitting a three-year peak in late April and is very close to erasing all of its 2011 gains. Further pressure came from Saudi Arabia\'s divergence with the rest of Opec last week. Riyadh will raise output to 10 million barrels per day (bpd) in July, Saudi newspaper Al Hayat reported, as Riyadh goes it alone in pumping more outside official Opec policy, aiming to place additional supplies among Asian buyers. The discount of US crude to Brent crude widened to a record $20.03 a barrel. Pressure on discount \"The main driver is Friday\'s CFTC report showing money managers increased short positions in US crude in the week before the Opec meeting. It is pressuring the discount on US crude,\" Jakob added. On Friday, the US Commodity Futures Trading Commission said the \"money manager\" speculator group cut its net long position on US crude futures by a sharp 15 per cent in the week to June 7 on the New York Mercantile Exchange.

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 falls as signs of global economic slowdown grow Arab Today, arab today oil falls as signs of global economic slowdown grow

 



Arab Today, arab today
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
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 Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Donia Abdel Aziz participates in "Game of Silence"

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 13:11 2017 Tuesday ,21 March

Web-based counseling lowers blood pressure

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
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