Arab Today, arab today oil prices rally from sharp losses
Last Updated : GMT 09:52:30
Arab Today, arab today
Arab Today, arab today

Oil prices rally from sharp losses

Arab Today, arab today

Arab Today, arab today Oil prices rally from sharp losses

US benchmark West Texas Intermediate
London - AFP

World oil prices rebounded Thursday after tumbling the previous day on concerns about surging stockpiles in the United States, the world's top consumer, analysts said.
US benchmark West Texas Intermediate (WTI) for March delivery jumped $1.45 to $50.29 a barrel compared with Wednesday's close.
Brent North Sea crude for March leapt $1.38 to $56.04 a barrel in London afternoon trade.
"There is some optimism in the market at the moment, but the fundamentals have not changed," Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP.
"The increased US stockpiles adds to the worry about ample global supply, which is the main cause for the current bearish market," he added.
The US Department of Energy reported on Wednesday that commercial crude reserves rose 4.9 million barrels in the week ending February 6.
Stockpiles were "at the highest level for this time of year in at least the last 80 years", the agency added.
Oil prices have been under pressure for months, plunging about 60 percent to just over $40 a barrel between June and the end of January.
However, they have recovered slightly in recent weeks as the number of drilling rigs has fallen and oil companies have trimmed some investment.
Investors are also monitoring talks on Greece's demands to renegotiate its international bailout as the risk of a debt default looms.
A meeting between Finance Minister Yaris Varoufakis and his counterparts from the eurozone late Wednesday broke up without agreement, with deliberations now set to go down to the wire next week.
"We expect price action to remain choppy as markets await for direction," said Singapore's United Overseas Bank.

 

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 rally from sharp losses Arab Today, arab today oil prices rally from sharp losses

 



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 rally from sharp losses Arab Today, arab today oil prices rally from sharp losses

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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