Arab Today, arab today oil prices retreat on easing syria concerns
Last Updated : GMT 19:26:00
Arab Today, arab today
Arab Today, arab today

Oil prices retreat on easing Syria concerns

Arab Today, arab today

Arab Today, arab today Oil prices retreat on easing Syria concerns

New York - XINHUA

Oil prices retreated Thursday on weakened concerns over Syrian and rising market speculations about U.S. Federal Reserve\'s stimulus tapering. No attack against Syria has materialized and Britain and France said they were inclined to wait for the results of a United Nations investigation into Syria\'s alleged use of chemical weapons. On the previous trading day, the possibility that U.S. and other western countries may take military action against the Syrian government triggered concerns over oil supplies in the Middle East, where one-third of the world\'s crude is pumped, driving Brent oil prices to a six-month high. U.S. real gross domestic product increased at an annual rate of 2.5 percent in the second quarter this year, the U.S. Commerce Department announced Thursday. This is a welcome acceleration from an initial estimate of 1.7 percent released last month, which turned out better than market expectations. Meanwhile, the number of Americans who initially applied for jobless benefits declined 6,000 to 331,000 in the week ending Aug. 24 from an upwardly-revised figure of 337,000 in the prior week, the Labor Department reported Thursday. Investors view the pair of good data as a stronger sign of recovery of the U.S. economy, believing that continued improvement in the labor market may propel the U.S. Federal Reserve to scale back its massive monetary stimulus later this year. Light, sweet crude for October delivery fell 1.30 dollars to settle at 108.80 dollars a barrel on the New York Mercantile Exchange. While Brent crude for October delivery lost 1.45 dollars to close at 115.16 dollars a barrel.

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 retreat on easing syria concerns Arab Today, arab today oil prices retreat on easing syria concerns

 



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 retreat on easing syria concerns Arab Today, arab today oil prices retreat on easing syria concerns

 



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 Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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