Arab Today, arab today oil falls on demand concerns
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

Oil falls on demand concerns

Arab Today, arab today

Arab Today, arab today Oil falls on demand concerns

New York - Xinhua

Crude prices fell on Monday as Italy\'s recession and China\'s international trade deficit caused demand concerns. Recession concerns clouded Europe. Italy\'s gross domestic product dropped 0.7 percent in the fourth quarter of 2011 after a 0.2-percent decline in the third quarter, indicating a recession. Portugal\'s inflation rate for February climbed, while Spain, grilled by the EU Commission on a harsh deficit cut plan, also saw economic contraction signs. China posted the largest monthly trade deficit in more than two decades for February, sparking more concerns about oil demand. Meanwhile, energy ministers from 88 countries around the world representing some 90 percent of global supply and demand are gathering on Tuesday in Kuwait City. They would discuss the future energy mix against a controversial backdrop of higher oil prices. Light, sweet crude for April delivery dropped 1.06 dollars, or 0.99 percent, to settle at 106.34 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for April delivery slipped 64 cents, or 0.51 percent, to close at 125.34 dollars a barrel.

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 falls on demand concerns Arab Today, arab today oil falls on demand concerns

 



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 falls on demand concerns Arab Today, arab today oil falls on demand concerns

 



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
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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