Arab Today, arab today oil prices drop as market focuses on middle east
Last Updated : GMT 22:03:31
Arab Today, arab today
Arab Today, arab today

Oil prices drop as market focuses on Middle East

Arab Today, arab today

Arab Today, arab today Oil prices drop as market focuses on Middle East

New York - AFP

Oil prices fell on Tuesday as better supply news helped to offset geopolitical tensions in crude producing countries, notably Iran, traders said. New York\'s main contract, light sweet crude for delivery in April, dropped 62 cents to $106.10 a barrel. Brent North Sea crude for April lost 73 cents to $123.07 in London late morning trade. Analysts said Iraq\'s announcement on Monday that its daily oil production had reached more than three million barrels -- the country\'s highest amount since 1979 -- has weighed on prices. \"In a series of negative supply side news lately, with Iran at the top of the agenda followed by supply outages in South Sudan, Syria, Yemen and supply problems in the North Sea, this (Iraq news) eventually is something to cheer about,\" said Nordea Markets commodities strategist Thina Margrethe Saltvedt. Iraq\'s Oil Minister Abdelkarim al-Luaybi told AFP that the country planned on increasing oil production and exports this year to 3.4 million barrel per day and 2.6 million bpd, respectively. Oil prices are also being weighed down by weak economic figures out of Europe and China, analysts said. Phillip Futures in a market commentary said oil prices were \"in tug-of-war trading as supply risks and tensions over Iran\'s nuclear programme provided support, but concerns about global economic growth limited gains.\" Israel\'s Prime Minister Benjamin Netanyahu told US President Barack Obama on Monday that Israel must remain the \"master of its fate\" in a firm defence of his right to mount a unilateral strike on Iran. Israeli leaders are worried that despite their potency, increasingly tough US and European sanctions on Iran and its central bank and vital petroleum industry will not convince Tehran to renounce a nuclear arsenal. Israel is eager to move quickly and decisively using a military strike before Tehran reaches a point when it could quickly produce weapons-grade uranium. Iran has so far insisted that its nuclear programme is solely for peaceful civilian purposes.

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 drop as market focuses on middle east Arab Today, arab today oil prices drop as market focuses on middle east

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
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 Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" 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