Arab Today, arab today oil falls on greece\s referendum
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Oil falls on Greece\'s referendum

Arab Today, arab today

Arab Today, arab today Oil falls on Greece\'s referendum

New York - Xinhua

U.S. crude oil price fell on Tuesday as Greece\'s unexpected decision to call a referendum over its debt bailout caused renewed concerns about the euro zone. Worries about European debt crisis reemerged after Greek Prime Minister George Papandreou decided to let Greeks vote on a bailout agreed last week by the European leaders. The markets were shocked, fearing that Papandreou\'s proposal would cause more uncertainties to debt-stressed euro zone. Meanwhile, economic data from the U.S. and Britain came in weak, adding evidences to slowing economy and hurting oil demand expectation. The survey from the Institute for Supply Management showed U.S. manufacturing expanded at a slower pace in October, with the index dipping to 50.8 from 51.6, missing market\'s expectation. The UK PMI fell sharply in October to its 28-month low, showing big contraction in the manufacturing activities. And investors still kept close eyes on impacts of MF Global Financial\'s bankruptcy and acted very cautiously. The trading volume continued to be low. Besides, the euro fell as Greece\'s referendum weighed, resulting in a higher dollar. The dollar index rose about 1.5 percent, making the dollar-denominated crude oil less attractive. Light, sweet crude for December delivery dropped 1 dollars, or 1.07 percent to settle at 92.19 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for December delivery settled flat at 109.54 dollars a barrel, down 2 cents.  

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 greece\s referendum Arab Today, arab today oil falls on greece\s referendum

 



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 greece\s referendum Arab Today, arab today oil falls on greece\s referendum

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
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