Arab Today, arab today oil price stabilizes near 91 after big drop
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

Oil price stabilizes near $91 after big drop

Arab Today, arab today

Arab Today, arab today Oil price stabilizes near $91 after big drop

Bangkok - SPA

The price of oil stabilized near $91 per barrel Thursday after a big fall as traders digested an increase in U.S. crude inventories that suggested weak demand for fuel, according to AP. Benchmark oil for June delivery was down 1 cent to $91.02 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract plunged $2.43 to finish at $91.03 a barrel on Wednesday after a sharp increase in American crude stockpiles and data from the U.S. and China that showed factory production in both countries grew at a slower pace in April. The American Petroleum Institute said oil inventories increased by nearly 5.2 million barrels to 388.4 million barrels for the week ending April 26. That was more or less in line with the U.S. Energy Department, which on Wednesday reported that crude inventories expanded by 6.7 million barrels last week, nearly five times the increase analysts expected, to 395.3 million barrels. Meanwhile, U.S. oil production, at 7.3 million barrels per day, is the highest it\'s been in 20 years. Brent crude, which is used to set prices of oil from the North Sea used by many U.S. refiners, rose 29 cents to $100.24 per barrel on the ICE Futures exchange in London.

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 price stabilizes near 91 after big drop Arab Today, arab today oil price stabilizes near 91 after big drop

 



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 price stabilizes near 91 after big drop Arab Today, arab today oil price stabilizes near 91 after big drop

 



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