Arab Today, arab today oil prices drop on eurozone concerns
Last Updated : GMT 02:16:02
Arab Today, arab today
Arab Today, arab today

Oil prices drop on eurozone concerns

Arab Today, arab today

Arab Today, arab today Oil prices drop on eurozone concerns

London - AFP

Crude prices slid on Thursday, mirroring other financial markets, amid investor unease over the fast-moving eurozone debt crisis. New York\'s main contract, West Texas Intermediate (WTI) light, sweet crude for delivery in September, fell 98 cents to $97.42 a barrel. Brent North Sea crude for September delivery dropped $1.16 to $116.99 in London trade. \"Crude oil futures remained in the recent range... with uncertainty still regarding the imminent release of details from a summit meeting on Greek debt plans,\" said Brenda Sullivan, an analyst at Sucden Financial. German Chancellor Angela Merkel voiced optimism that eurozone leaders will reach a deal to settle Greece\'s debt crisis and stop it spreading at a crucial summit on Thursday. \"I think we will be able to decide on a new programme for Greece\" that will \"attack the root of the problems,\" she told reporters, referring to the emergency aid Greece needs to avert a disastrous debt default. Merkel and her fellow eurozone leaders were gathering to agree on a way of easing Greece\'s massive debts. Analysts warned it could be the last chance to avert market panic throughout the eurozone. Oil prices had risen on Wednesday as news of declining US crude inventories signalled strengthening energy demand in the world\'s largest economy. Crude oil inventories in the United States fell 3.7 million barrels in the week ending July 15, according to a weekly report from the US Department of Energy. The decline was steeper than market expectations for a drop of 1.4 million barrels. Oil markets also advanced on optimism that politicians in Washington would reach a deal to raise the US federal government\'s debt ceiling and avert a potentially catastrophic default, analysts said.

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 drop on eurozone concerns Arab Today, arab today oil prices drop on eurozone concerns

 



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 drop on eurozone concerns Arab Today, arab today oil prices drop on eurozone concerns

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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 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

GMT 23:44 2017 Saturday ,03 June

OPEC daily basket price for Tuesday, 30th May 2017
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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