Arab Today, arab today oil prices rise on economic data
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Oil prices rise on economic data

Arab Today, arab today

Arab Today, arab today Oil prices rise on economic data

New York - XINHUA

Oil prices extended rally Friday on upbeat U.S. economic data as well as positive performance in U.S. commodity markets. U.S. consumer confidence surged to a six-year high in May thanks to a rising stock market and cheaper gas prices, the monthly Thomson Reuters/University of Michigan index of consumer sentiment reported Friday. The preliminary reading of the consumer sentiment rose to 83.7 in May from 76.4 in the previous month, the highest since July 2007 and far above economists\' expectation of 77.9. The index gauging consumer expectations for six months from now, which projects more closely the direction of consumer spending, climbed to 74.8 in May from 67.8 in April. Meanwhile, the Conference Board\'s index of leading indicators in April rose 0.6 percent, also beating a 0.3-percent increase of economists\' estimates. The index dropped 0.1 percent in March, following a 0.5-percent gain for each of the previous two months. The better-than-expected economic data boosted growing optimism about the economy of the United State, the world\'s largest oil consumption country. Light, sweet crude for June delivery gained 86 cents, or 0.9 percent, to settle at 96.02 dollars a barrel on the New York Mercantile Exchange. Brent for July delivery went up 84 cents, or 0.81 percent, to close at 104.64 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 rise on economic data Arab Today, arab today oil prices rise on economic data

 



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 rise on economic data Arab Today, arab today oil prices rise on economic data

 



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
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
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