Arab Today, arab today oil prices fall on profittaking
Last Updated : GMT 21:08:21
Arab Today, arab today
Arab Today, arab today

Oil prices fall on profit-taking

Arab Today, arab today

Arab Today, arab today Oil prices fall on profit-taking

London - AFP

Global crude oil prices turned lower on Thursday as traders banked profits despite strong Chinese manufacturing data. Brent North Sea crude for delivery in May fell 35 cents to $108.37 a barrel in London midday deals. New York\'s main contract, light sweet crude for May, dropped 31 cents to $93.19 a barrel. Prices had rallied in New York on Wednesday after the US Department of Energy reported an unexpected decline of 1.3 million barrels in oil stocks in the week ending March 15. Analysts had forecast a rise of 1.7 million barrels. On Thursday, figures from HSBC bank showed that manufacturing activity in China, the world\'s largest energy user, improved in March after expanding at its slowest pace in four months in February -- lifting hopes for a pick-up in the world\'s number two economy. The bank\'s preliminary purchasing managers\' index (PMI), a widely watched barometer of the health of the economy, came in at 51.7 for the month from 50.4 in February. A reading above 50 points to growth while anything below indicates contraction. \"It\'s not a spectacular number, but we may see prices ticking up slightly. The fact that we are seeing a continued expansion is a good sign of China\'s economic progress,\" said Jason Hughes, head of premium client management at IG Markets Singapore.  

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 fall on profittaking Arab Today, arab today oil prices fall on profittaking

 



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 fall on profittaking Arab Today, arab today oil prices fall on profittaking

 



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 How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
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