Arab Today, arab today oil prices dip after brief recovery
Last Updated : GMT 21:23:04
Arab Today, arab today
Arab Today, arab today

Oil prices dip after brief recovery

Arab Today, arab today

Arab Today, arab today Oil prices dip after brief recovery

Oil prices
London - AFP

 Oil prices fell on Monday after a brief rebound, with the market weighed down by weak demand growth in an oversupplied market.
US benchmark West Texas Intermediate for delivery in November slipped five cents to $82.70 a barrel.
Brent North Sea crude for December lost 48 cents to stand at $85.68 a barrel in London midday deals.
Both contracts had risen at the end of last week as investors snapped up bargains after prices had tanked to multi-year low points.
Oil prices have been hit hard in recent weeks by weak energy demand as the global economy stutters, a supply glut and price-cutting by major producers such as Saudi Arabia.
"Long-held assumptions about the determination of key OPEC producers to support prices appear to be dissolving as Saudi Arabia signals to the market that it may be comfortable with a long period of low oil prices," British bank Barclays said in a research note.
While wishing to keep market share, Saudi has previously expressed concern that high prices can hinder economic recovery, hurting producers like itself in the long run.
Last week, the International Energy Agency cut its forecasts for demand growth for the third month in a row.
For this year, it expects demand to rise 700,000 barrels per day to 92.4 million, which is 200,000 fewer than previously forecast.

 

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 prices dip after brief recovery Arab Today, arab today oil prices dip after brief recovery

 



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 prices dip after brief recovery Arab Today, arab today oil prices dip after brief recovery

 



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
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

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