Arab Today, arab today oil prices rebound slightly
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Oil prices rebound slightly

Arab Today, arab today

Arab Today, arab today Oil prices rebound slightly

US benchmark West Texas Intermediate
Washington - AFP

Oil prices recovered slightly on Tuesday as the prospect of OPEC cutting its output dimmed, analysts said.
US benchmark West Texas Intermediate for delivery in December rose 42 cents to $76.06 a barrel.
Brent North Sea crude for January delivery won 28 cents to stand at $79.59 around midday in London.
Consultants Energy Aspects said in a note to clients that there was "an inherent assumption that OPEC will not be able to achieve a production cut at the upcoming meeting".
Dealers are monitoring developments at the Organization of Petroleum Exporting Countries (OPEC) ahead of the cartel's November 27 meeting in Vienna.
Despite a drop of more than 25 percent in prices since June, OPEC has been divided on whether to reduce output and prevent further falls.
Venezuela and Ecuador have called publicly for a cut, while Iran has hinted at a need to reduce output as oil producing countries see their income slide.
However, Saudi Arabia, the world's top producer and OPEC's kingpin, has reduced prices on crude exports to the US market in a move seen by some as an effort to maintain market share as it faces competition from rising shale oil production.
OPEC pumps about a third of global crude and is currently producing just under 31 million barrels per day, around one million more than its ceiling.
"Crude oil prices have been under renewed pressure recently due to weakening oil demand from Asia and ample oil supplies in the US following the ongoing build-up of crude oil inventories," said Sucden brokers analyst Myrto Sokou on Tuesday.

 

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 rebound slightly Arab Today, arab today oil prices rebound slightly

 



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 rebound slightly Arab Today, arab today oil prices rebound slightly

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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