Arab Today, arab today global oil prices rebound
Last Updated : GMT 05:48:29
Arab Today, arab today
Arab Today, arab today

Global oil prices rebound

Arab Today, arab today

Arab Today, arab today Global oil prices rebound

London - AFP

Oil prices rebounded on Tuesday, as a weaker dollar boosted demand and in the wake of upbeat German economic data, analysts said. Brent North Sea crude for delivery in March gained 65 cents to $112.36 a barrel in London midday deals. New York's main contract, light sweet crude for February, edged up six cents to $95.62 a barrel. Crude prices had fallen on Monday as investors banked profits following gains last week driven by encouraging economic data from the United States and China, and the hostage killings in oil and gas producer Algeria, traders said. "Brent oil rebounded on Tuesday... supported by weaker US dollar and robust German economic data that boosted investors' confidence," said Sucden brokers analyst Myrto Sokou. A survey published on Tuesday showed that German investor sentiment has struck the highest levels since the start of the eurozone debt crisis in 2010 as the outlook for Europe's top economy continues to brighten. The widely watched investor confidence index calculated by the ZEW economic institute soared to 31.5 points in January from 6.9 points in December. That marked the highest level since May 2010, when Greece had to be bailed out and the sovereign debt crisis began to unfold. Oil markets were concerned about potential supply disruptions following the seizure by Islamic militants of a gas field in Algeria and a bloody rescue mounted by government forces. "We have geopolitical risks that are supporting prices," said Victor Shum, managing director at IHS Purvin and Gertz in Singapore. Thirty-seven foreigners of eight nationalities were killed by Islamist militants in last week's well-planned attack on a remote gas plant, some of them executed with a bullet to the head, Algeria's premier has said. The grim body count was issued late on Monday in the north African country as the government gave its first death toll from the four-day crisis at the In Amenas gas plant, deep in the Sahara. The plant, part of a natural-gas industry that is vital to Algeria's economy, is run by three companies including Britain's BP. Among others with employees caught up in the crisis was Japanese engineering firm JGC.

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 global oil prices rebound Arab Today, arab today global oil prices rebound

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
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 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
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 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 Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
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 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

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 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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