Arab Today, arab today oil prices mixed amid us holiday
Last Updated : GMT 20:29:23
Arab Today, arab today
Arab Today, arab today

Oil prices mixed amid US holiday

Arab Today, arab today

Arab Today, arab today Oil prices mixed amid US holiday

London - AFP

World oil prices were mixed on Monday in light deals, with many traders away for the Independence Day holiday in the United States. Brent North Sea crude for delivery in August shed 15 cents to $111.62 a barrel in midday London trade. New York\'s main contract, West Texas Intermediate for August, added 22 cents to $95.16 in electronic deals. \"With the US markets closed for the Independence Day, crude oil prices are likely to consolidate today while currency movements might provide some direction,\" said analyst Myrto Sokou at the Sucden Financial Research brokerage. \"However, in an absence of major macroeconomic figures, it is likely to have light trading volumes.\" Prices had rallied last week after a vote in the Greek parliament eased worries about a potential eurozone default and tempted more traders into riskier investments. Eurozone finance ministers cleared the way on Saturday for Greece to receive the next 12-billion-euro slice of its 110-billion-euro ($160-billion) EU-IMF bailout. However on Monday, ratings agency Standard & Poor\'s warned that debt rollover plans for crisis-hit Greece could amount to a \"selective default.\" A key factor supporting oil prices is the \"confirmation that Greece will get the batch of bailout money from the eurozone,\" said Victor Shum, a Singapore-based analyst with Purvin and Gertz energy consultancy. \"That has eased concerns about Greece sinking the European region into a downturn,\" he told AFP. Any Greek default would shatter investor confidence, rock global financial markets and slash European demand for energy, according to analysts. Oil prices had been hit late last week on news of a sharp manufacturing slowdown in China, the world\'s biggest consumer of energy. Sentiment was also hit by downbeat manufacturing data in Britain and the eurozone, and only slightly positive figures for June from the United States. \"For the rest of 2011, we could expect potential slowdown of the Chinese economy due to recent fairly poor Chinese macroeconomic indicators,\" analyst Sokou said on Monday. \"In the United States, economic indicators are also fairly weak giving mixed signals. In the meantime, the situation in the eurozone looks fairly volatile with investors being cautious as the Greek debt issues are still pending.\"

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 mixed amid us holiday Arab Today, arab today oil prices mixed amid us holiday

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
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 Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
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

GMT 15:37 2017 Wednesday ,22 February

Nakilat Posts QR 955 Million Profit in 2016

GMT 15:32 2017 Wednesday ,22 February

Laffan Refinery 2 Cost QR 3 Billion

GMT 15:31 2017 Wednesday ,22 February

Oil up 2% as OPEC chief sees higher compliance with cuts

GMT 07:00 2017 Wednesday ,22 February

Oil prices rise on high OPEC compliance with output cuts

GMT 05:23 2017 Tuesday ,21 February

Oil rises, but growing US output threatens rally

GMT 00:24 2017 Tuesday ,21 February

OPEC daily basket price announced for Thursday

GMT 16:12 2017 Sunday ,19 February

Oil prices still under pressure from North America
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 UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
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 Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

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