Arab Today, arab today oil prices higher on ukraine tensions before weekend
Last Updated : GMT 11:05:48
Arab Today, arab today
Arab Today, arab today

Oil prices higher on Ukraine tensions before weekend

Arab Today, arab today

Arab Today, arab today Oil prices higher on Ukraine tensions before weekend

New York - AFP

Global oil prices pushed modestly higher Friday on tensions in Ukraine, but gains were tempered by the dollar's continued strength. New York's main contract, West Texas Intermediate (WTI) for delivery in April delivery, added 56 cents from Thursday's close to $99.46 a barrel. Brent North Sea crude for May gained 47 cents to $106.92 per barrel. "The oil market is being driven higher by increased fears of a disruption in crude supplies following the expansion of US sanctions against Russia," said analysts at London-based brokerage PVM. Traders were closely monitoring events in eastern Europe after the United States and European Union announced fresh sanctions on Moscow Thursday over the annexation of Crimea. US sanctions took aim at a key figure in Russia's oil and gas industry, Geneva-based billionaire trader Gennady Timchenko, whose Gunvor firm handles much of Russia's energy exports. "Gunvor is one of the world’s largest commodity traders," CMC Markets Singapore said in a market commentary. "Russian President Vladimir Putin is rumored to have investments in the company and direct links to Timchenko's energy activities," it said. Gunvor denied the Putin links and said Timchenko had sold his shares to a partner ahead of the sanctions, ostensibly keeping Gunvor itself outside sanctions enforcement. But Washington's move made clear that the energy industry could be impacted by the rising tensions. Russia provides about a quarter of Europe's natural gas supplies, with a significant portion of that flowing through pipelines that cross Ukraine. Traders fear that an escalation of the crisis would disrupt those supplies. The dollar remained higher after its jump Wednesday on Federal Reserve Chair Janet Yellen's remarks that suggested to some an interest rate hike would come early next year. With crude priced in dollars, a strengthening of the unit makes the commodity more expensive, dampening demand and prices.

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 on ukraine tensions before weekend Arab Today, arab today oil prices higher on ukraine tensions before weekend

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
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 To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
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 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.

GMT 04:39 2017 Wednesday ,15 February

Oman Crude Oil Financial contract closes at US$55.45
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 Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
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 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

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 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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