Arab Today, arab today oil holds at 112 as high inflation raises concern
Last Updated : GMT 02:58:58
Arab Today, arab today
Arab Today, arab today

Oil holds at $112 as high inflation raises concern

Arab Today, arab today

Arab Today, arab today Oil holds at $112 as high inflation raises concern

London - Arabstoday

Oil prices held near $112 a barrel yesterday as high inflation and uncertainty about the International Energy Agency\'s emergency stock release plan balanced against a weaker dollar. Comments from European Central Bank chief Jean-Claude Trichet reinforced expectations of an interest rate hike next week, which traders and analysts say could stifle economic activity and energy demand. Concerns lingered that Greece could run into further problems even after Wednesday\'s initial vote to pass an austerity plan to avert bankruptcy. The Greek parliament approved a detailed austerity and privatisation bills yesterday but longer-term dangers still lurk. \"It\'s not finished for Greece yet; there is a last vote,\" said Thorbjorn Bak Jensen, an oil analyst at Global Risk Management. \"If the system tightens up well, Greece doesn\'t need a rate rise.\" Article continues below But crude futures bounced after US jobless data showed a slight drop in claims, although the fall was narrower than expected. ICE Brent crude was 5 cents lower at $112.35 a barrel at 1238 GMT, paring early losses of more than $1, after jumping more than 3 per cent on Wednesday. US crude was at $94.99 a barrel, up 22 cents, after gaining 2 per cent in the previous session. A weaker dollar was also supportive, although the dollar index pared early losses after the inflation data was released.

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 holds at 112 as high inflation raises concern Arab Today, arab today oil holds at 112 as high inflation raises concern

 



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 holds at 112 as high inflation raises concern Arab Today, arab today oil holds at 112 as high inflation raises concern

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
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 04:23 2017 Tuesday ,20 June

Oil prices flat after weeks of steep declines

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
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

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

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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