Arab Today, arab today oil holds steady below 100 on weak us growth
Last Updated : GMT 04:25:00
Arab Today, arab today
Arab Today, arab today

Oil holds steady below $100 on weak US growth

Arab Today, arab today

Arab Today, arab today Oil holds steady below $100 on weak US growth

Washington - SPA

The price of oil edged lower Thursday after falling below $100 per barrel for the first time in three weeks on slower U.S. economic growth and higher supplies, AP reported. Benchmark U.S. crude oil for June delivery shed 1 cent to $99.73 on the New York Mercantile Exchange. Brent crude, an international oil benchmark, added 1 cent to $108.08 on the ICE Futures exchange in London. On Wednesday, U.S. crude plunged $1.54 and Brent fell 91 cents after U.S. first-quarter economic growth of just 0.1 percent disappointed forecasters who expected an expansion of about 1 percent.

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