Arab Today, arab today oil prices firm amid positive us china data
Last Updated : GMT 12:02:44
Arab Today, arab today
Arab Today, arab today

Oil prices firm amid positive US, China data

Arab Today, arab today

Arab Today, arab today Oil prices firm amid positive US, China data

Washington - AFP

US crude prices landed flat Thursday after getting an early lift from some slightly buoyant data on the US jobs market, raised demand forecasts from OPEC, and Chinese economic data as well. In New York the benchmark contract, West Texas Intermediate crude for September delivery, finished just one cent higher over Wednesday at $93.36 a barrel. In London, Brent North Sea crude gained $1.08 to $113.22, the highest closing price since May 7. Somewhat positive economic data underpinned crude\'s strength, analysts said. Official data Thursday showed US weekly jobless claims fell to 361,000 -- another sign of moderate strength in the biggest economy\'s employment market despite a second-quarter lull in hiring. That kept a floor under the crude price, according to John Kilduff of Again Capital. Meanwhile China\'s inflation rate fell to 1.8 percent in July, the lowest since January 2010, providing authorities with more leeway to ease monetary policy to boost the economy. \"Obviously the fact that the inflation\'s eased... has opened the door to stimulus, which will be good for all commodities, including oil,\" said Justin Harper, analyst at IG Markets Singapore trading group. The Organization of Petroleum Exporting Countries (OPEC) also came out more bullish on oil demand. The cartel raised its world oil demand forecast to 88.72 million barrels per day in 2012 and to 89.52 million barrels a day in 2013.

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 firm amid positive us china data Arab Today, arab today oil prices firm amid positive us china data

 



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 firm amid positive us china data Arab Today, arab today oil prices firm amid positive us china data

 



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