Arab Today, arab today oil prices rise on eve of us presidential vote
Last Updated : GMT 06:53:52
Arab Today, arab today
Arab Today, arab today

Oil prices rise on eve of US presidential vote

Arab Today, arab today

Arab Today, arab today Oil prices rise on eve of US presidential vote

New York - AFP

Oil prices rose modestly Monday in cautious trade ahead of a down-to-the-wire US presidential election and a looming political power shift in China. New York\'s main contract, light sweet crude for delivery in December, settled at $85.65 a barrel, up 79 cents from Friday\'s close. Brent North Sea crude for December leaped $2.05 to close at $107.73 a barrel in London trade. \"Crude oil recovered some of its poise today after Friday\'s sharp sell-off,\" said Fawad Razaqzada at GFT. Prices in New York fluctuated in a tight range, as some traders took advantage of recent sell-offs to snap up the futures contract at an attractive price. But political uncertainty in the United States, ahead of Tuesday\'s election, and in China, which begins a once-in-a-decade power transition Thursday, kept investors on edge, said Rich Ilczyszyn at iiTrader.com. The US is the world\'s biggest consumer of crude oil, while China is the largest overall energy consumer. UniCredit analysts noted that the price of Brent dropped by almost four percent last week. \"We see the stronger USD (dollar) and investors\' cautiousness ahead of the US presidential election as well as the handover of power in China as the main reasons for this,\" they said.

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 eve of us presidential vote Arab Today, arab today oil prices rise on eve of us presidential vote

 



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 eve of us presidential vote Arab Today, arab today oil prices rise on eve of us presidential vote

 



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
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