Arab Today, arab today oil prices fall as strong jobs report pushes up dollar
Last Updated : GMT 02:53:18
Arab Today, arab today
Arab Today, arab today

Oil prices fall as strong jobs report pushes up dollar

Arab Today, arab today

Arab Today, arab today Oil prices fall as strong jobs report pushes up dollar

Organisation of the Petroleum Exporting Countries (OPEC)
New York - AFP

The benchmark US oil price fell Friday to the lowest level in more than five years, hit by a stronger dollar after a blockbuster US jobs report for November.
Global prices were already under pressure from OPEC's recent decision to leave output unchanged despite ample supplies and from Saudi Arabia's price cuts for oil exported to Asia and the United States.
West Texas Intermediate for December delivery dropped 97 cents to $65.84 a barrel on the New York Mercantile Exchange. It was the lowest close since July 29, 2009, when WTI fell to $62.90.
The international benchmark, Brent North Sea crude for delivery in January, settled at $69.07 a barrel in London trade, down 57 cents from Thursday.
The US economy added a huge 321,000 jobs in November, the best job growth in nearly three years, the Labor Department reported. Upward revisions to the prior two months added 44,000 jobs and brought the yearly average to 241,000 a month.
The dollar pushed higher, climbing to $1.2282 per euro and 121.52 yen.
Citi Futures analyst Tim Evans noted that the greenback's strength came on an upward trend over the past five months. A stronger dollar tends to make crude more expensive for buyers using weaker currencies.
"The positivity of the decent job creation is being offset in the crude market by headwinds from a pop higher in the US dollar," said Matt Smith of Schneider Electric.
According to analysts, crude oil, which has lost about 40 percent of its value since June, also suffered from some technical factors Friday.
Carl Larry of Frost & Sullivan said that many investors were reshuffling their portfolios before the end of the year and when they saw that oil prices had not benefited from strong jobs data in the US, the biggest consumer of crude oil, they decided it was time to sell.

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 fall as strong jobs report pushes up dollar Arab Today, arab today oil prices fall as strong jobs report pushes up dollar

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 19:50 2017 Saturday ,18 February

OPEC daily basket price announced for Wednesday

GMT 04:54 2017 Saturday ,18 February

Oil prices slip as high stocks overshadow OPEC cuts

GMT 21:38 2017 Thursday ,16 February

Kuwait Oil Price Down 25 cents to $52.30 pb

GMT 14:40 2017 Thursday ,16 February

OPEC daily basket price announced for Wednesday

GMT 19:14 2017 Wednesday ,15 February

Gasoline, diesel prices increase 100 L.L.
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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