Arab Today, arab today oil prices dive as eu holds crisis summit
Last Updated : GMT 23:12:04
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.

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

 



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

 



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 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

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

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
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