Arab Today, arab today oil prices advance on supply worries china data
Last Updated : GMT 20:51:39
Arab Today, arab today
Arab Today, arab today

Oil prices advance on supply worries, China data

Arab Today, arab today

Arab Today, arab today Oil prices advance on supply worries, China data

Beijing - arabstoday

AFP - World oil prices climbed Wednesday on supply concerns over crude producers Iran and Sudan, and upbeat manufacturing data from top global energy consumer China, traders said. New York\'s main contract, West Texas Intermediate crude for delivery in March, gained 67 cents to $99.15 a barrel.Brent North Sea crude for March delivery advanced 94 cents to $111.92 a barrel in London morning deals.\"The rise has been prompted by a mixture of things. The Iranian situation, particularly with the threat of additional US sanctions and reduced output, is still an issue,\" said analyst Tom Pering at British energy consultancy Inenco.\"The good news on increased manufacturing production in China has been tempered slightly by the shrink in demand for exports.\"However, oil prices (also) rose on falling output in Sudan due to the transition dispute between South and North Sudan.\"Talks between Iranian officials and a delegation from the UN atomic watchdog wrapped up late on Tuesday with no sign of any breakthrough over Tehran\'s nuclear programme, media reported.The United States and the European Union have been piling severe economic sanctions on Iran in the past three months to pressure it to halt its nuclear activities, which they claim is aimed at building an atomic bomb.On the back of an embargo on Iranian oil by the EU last week, US lawmakers on Tuesday unveiled proposals for fresh sanctions on Tehran.Iran, which maintains that its nuclear programme is for peaceful purposes, has threatened to retaliate, possibly by closing the strategic Strait of Hormuz at the entrance to the Persian Gulf.The chief UN nuclear inspector returned from a visit to Tehran on Wednesday saying there was still \"a lot of work\" to do, with Iran\'s foreign minister insisting that the team did not visit any atomic sites.Traders were also closely watching the situation in South Sudan, which has nearly completed a drastic shutdown of its oil production -- the fledging nation\'s top revenue resource -- over an oil dispute with Sudan.South Sudan has accused Khartoum of stealing $815 million of its crude.UN chief Ban Ki-moon said Sunday that tensions between the two countries and the oil row had become a major threat to regional peace and security.South Sudan seceded peacefully from Sudan last July after decades of war, but both countries have since repeatedly exchanged allegations that each backs proxy rebel forces against the other.Aside from supply worries, oil prices also rose on Wednesday after official data showed that Chinese manufacturing activity improved in January despite weaker demand for exports.The official purchasing managers index (PMI) rose to 50.5 in January, up slightly from 50.3 in December, the China Federation of Logistics and Purchasing said in a statement.Manufacturing expanded for the second month, after contracting for the first time in 33 months in November, when the PMI stood at 49.A reading above 50 indicates the sector is expanding while a reading below 50 suggests a contraction. The data raised hopes that the world\'s second-largest economy is heading for a soft landing.

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 prices advance on supply worries china data Arab Today, arab today oil prices advance on supply worries china data

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 04:54 2017 Saturday ,18 February

Oil prices slip as high stocks overshadow OPEC cuts

GMT 21:38 2017 Thursday ,16 February

Kuwait Oil Price Down 25 cents to $52.30 pb

GMT 14:40 2017 Thursday ,16 February

OPEC daily basket price announced for Wednesday

GMT 19:14 2017 Wednesday ,15 February

Gasoline, diesel prices increase 100 L.L.

GMT 04:39 2017 Wednesday ,15 February

Oman Crude Oil Financial contract closes at US$55.45
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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