Arab Today, arab today oil prices gain amid middle east supply disruption fears
Last Updated : GMT 22:53:23
Arab Today, arab today
Arab Today, arab today

Oil prices gain amid Middle East supply disruption fears

Arab Today, arab today

Arab Today, arab today Oil prices gain amid Middle East supply disruption fears

New York - XINHUA

Oil prices climbed on Friday as investors feared that the unrest in Egypt will disrupt oil supplies. Violence in Egypt continued Friday with thousands of people pouring into the streets to protest. Egypt controls the Suez Canal and the Suez-Mediterranean Pipeline, through which a large amount of crude and refined products were shipped between the Red Sea and the Mediterranean. The Middle East accounts for 35 percent of global oil output, according to International Energy Agency. The Suez Canal Authority, however, said Friday that ship traffic through the waterway was secure and safe. On the economic front, U.S. homebuilders broke ground on more homes in July boosted by apartment construction, evidence of a recovering property market, the Commerce Department reported on Friday. Data showed U.S. privately-owned housing rose 5.9 percent in July. U.S. consumer sentiment for August slipped from a six-year high. The preliminary reading on consumer sentiment fell to 80.0 in August from 85.1 in July, according to the Thomson Reuters/ University of Michigan index. Moreover, non-farm business sector labor productivity grew at an annual rate of 0.9 percent in the second quarter of the year, as output increased more rapidly than hours worked, the Labor Department said on Friday. Light, sweet crude for September delivery rose 13 cents, to settle at U.S. 107.46 dollars a barrel on the New York Mercantile Exchange. Brent for October delivery went up 41 cents, to close at 110.4 dollars a barrel.

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 gain amid middle east supply disruption fears Arab Today, arab today oil prices gain amid middle east supply disruption fears

 



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 gain amid middle east supply disruption fears Arab Today, arab today oil prices gain amid middle east supply disruption fears

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
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 04:23 2017 Tuesday ,20 June

Oil prices flat after weeks of steep declines

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

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
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