Arab Today, arab today oil prices higher amid eurozone
Last Updated : GMT 20:54:06
Arab Today, arab today
Arab Today, arab today

Oil prices higher amid eurozone

Arab Today, arab today

Arab Today, arab today Oil prices higher amid eurozone

London - AFP

Crude prices rose slightly on Tuesday as traders reacted to a falling euro caused by fresh concerns over the eurozone debt crisis, while also keeping a watch over Iran tensions, traders said. New York\'s main contract, light sweet crude for delivery in January, edged up 16 cents to $101.15 a barrel. Brent North Sea crude for January gained 44 cents to $110.25 in London midday trade. \"Crude oil prices are consolidating,\" said Sucden Financial Research analyst Jack Pollard. \"It seems that with such a key week ahead in Europe, especially so on Friday with the European Union summit, and the continuing Iranian situation, crude oil prices are lacking direction as the potential for upside and downside alike seem to offset one another. \"The news flow from eurozone leaders will prove important for sentiment, as will any further comments regarding the situation in Iran,\" he added. The euro hit a one-month low against the dollar on Tuesday, limiting gains for oil. A stronger greenback makes dollar-denominated crude more expensive for buyers using the single currency, thereby weakening demand and oil prices. New worries about the eurozone emerged late on Monday when credit ratings agency S&P placed most of the bloc\'s members, including Germany and France, on negative watch -- which means that they are at risk of being downgraded. The surprise news came just hours after German Chancellor Angela Merkel and French President Nicolas Sarkozy thrashed out strict new rules for fiscal discipline within Europe, which they hope will finally end the region\'s woes. EU leaders are due to hold a critical two-day summit in Brussels from Thursday, when they will discuss the Franco-German proposals, which Merkel and Sarkozy want to be enshrined into a rewritten EU treaty. Ahead of the summit, oil traders were also tracking heightened tensions between major crude exporter Iran and West over the former\'s alleged pursuit of nuclear weapons. The Pentagon on Monday said there was no indication that a US drone lost in Iranian territory was shot down, contradicting Tehran\'s claims. Iranian media said late Sunday that an RQ-170 unmanned aerial vehicle was shot down after making an incursion into Iran\'s eastern airspace. The incident, announced by Iranian media, came after Britain, Canada and the US last month slapped sanctions on Iran\'s financial, petrochemical and energy sectors. That followed a UN agency report that strongly suggests Tehran is researching nuclear weapons. The European Union followed suit by expanding a sanctions blacklist against Iranian firms and individuals, although Iran dismissed the UN report as baseless.  

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 higher amid eurozone Arab Today, arab today oil prices higher amid eurozone

 



Arab Today, arab today
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 Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
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 Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

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 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
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