Arab Today, arab today oil prices ease after fed holds rate
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Oil prices ease after Fed holds rate

Arab Today, arab today

Arab Today, arab today Oil prices ease after Fed holds rate

The price of West Texas Intermediate oil for delivery in October
London - AFP

Oil prices fell Friday after the US Federal Reserve kept its main interest rate on hold and following a volatile week for crude.

US benchmark West Texas Intermediate for delivery in October dropped 45 cents to $46.45 a barrel from Thursday's close.

Brent North Sea crude for delivery in November dipped eight cents to trade at $49.00 a barrel in London midday deals.

The Federal Reserve held its key interest rate locked near zero Thursday, citing worries about how the slowdown in China will hit the US economy.

Fed chief Janet Yellen said in a news conference that central bank policymakers cited the ongoing crisis in commodities-hungry China and recent turmoil on world markets as playing a role in the decision.

Oil prices had surged on Wednesday after the US Department of Energy revealed a 2.1 million barrel drop in inventories, fuelling hopes of a pick-up in demand in the world's biggest economy.

"In the case of oil, the expected fall of US output should in theory help to support prices, even if major upward moves seem unlikely for the foreseeable future," said Fawad Razaqzada, analyst at Gain Capital trading group.

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 ease after fed holds rate Arab Today, arab today oil prices ease after fed holds rate

 



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 ease after fed holds rate Arab Today, arab today oil prices ease after fed holds rate

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
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