Arab Today, arab today oil prices dive as eu holds crisis summit
Last Updated : GMT 04:28:08
Arab Today, arab today
Arab Today, arab today

Oil prices dive as EU holds crisis summit

Arab Today, arab today

Arab Today, arab today Oil prices dive as EU holds crisis summit

New York - AFP

Oil prices tumbled Thursday as European Union leaders held a two-day summit on the eurozone sovereign debt crisis that few in the markets expect will deliver significant measures to contain it. New York\'s main contract, light sweet crude for August, dived $2.52 from Wednesday, closing at $77.69 a barrel. In London trade, Brent North Sea crude for delivery in August dropped $2.14 to $91.36 a barrel Matt Smith at Summit Energy said the New York market was dragged down by skepticism that the EU summit will produce solutions to the debt crisis. \"Everything was up this morning and then it reversed,\" Smith said. Traders believe \"there is potential for nothing to be solved\" at the EU summit, which continues Friday. \"It will be interesting to watch tomorrow if prices go below $75 a barrel,\" Smith said. Meanwhile, some kept an eye on the confrontation between the West and Iran over its nuclear program, allegedly a cover for weapons development. Tehran insists the program is solely for peaceful purposes. Iran\'s chief nuclear negotiator, Saeed Jalili, warned the EU in a letter on Thursday that new sanctions will have \"repercussions\" on talks over his country\'s atomic activities. The letter, made public by Iranian state media, \"warned the West of repercussions of taking action which is far removed from the logic in the talks and of using illegal methods against the Iranian nation.\" It was sent on the day the United States ratcheted up sanctions on foreign companies doing business with Iran\'s central bank, and just ahead of the full implementation on Sunday of an EU-wide embargo on Iran\'s oil exports first announced in January.

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 dive as eu holds crisis summit Arab Today, arab today oil prices dive as eu holds crisis summit

 



Arab Today, arab today
Arab Today, arab today US, Britain ban laptops on flights

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Hezbollah commander killed by own men

GMT 07:43 2017 Wednesday ,22 March

Hezbollah commander killed by own men
Arab Today, arab today Tunisian media host praises her new experience

GMT 12:35 2017 Wednesday ,15 March

Tunisian media host praises her new experience
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
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 Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Dalia Mustafa believes in the presence of ghosts

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 14:17 2017 Monday ,20 March

Cholesterol-slashing drug not impair brain

GMT 17:08 2017 Saturday ,18 March

Reveals secrets of tourism flights to space

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 15:42 2017 Saturday ,18 March

HTC U Play now available in KSA

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
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