Arab Today, arab today oil hovers below 105
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Oil hovers below $105

Arab Today, arab today

Arab Today, arab today Oil hovers below $105

Singapore - QNA

Oil prices hovered below $105 a barrel Monday in Asia amid the prospect that slowing economic growth in the U.S. and China will undermine demand for crude. Benchmark oil for June delivery was down 13 cents to $104.80 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 38 cents to settle at $104.93 in New York on Friday. Brent crude for June delivery was down 15 cents at $119.68 per barrel in London, Associated Press reported. The Commerce Department said Friday that the U.S. economy grew at an annual rate of 2.2 percent in the January-March quarter, compared with 3 percent in the final quarter of 2011. Earlier this month, China reported its gross domestic product growth slowed to 8.1 percent in the first quarter. Crude jumped from $75 in October to $110 last month as better than expected U.S. economic activity and strong demand from developing countries such as China bolstered investor confidence. \"The disappointing GDP data continued a trend of recent weeks in which economic releases have been tilting toward the bearish side,\" energy trader and consultant Ritterbusch and Associates said in a report. \"This has conjured up images of further petroleum demand slippage especially when combined with slowed growth indications out of China.\" Trading volume was low as markets in Japan and China were closed Monday for national holidays. Markets in China, Hong Kong, India, Singapore and Taiwan will be closed Tuesday for the Labor Day holiday. In other energy trading, heating oil was down 0.3 cent at $3.18 per gallon and gasoline futures fell 0.6 cent at $3.14 per gallon. Natural gas slid 0.1 cent at $2.19 per 1,000 cubic feet.

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 hovers below 105 Arab Today, arab today oil hovers below 105

 



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 hovers below 105 Arab Today, arab today oil hovers below 105

 



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
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
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 Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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