oil prices rise on persistent middle east tensions
Last Updated : GMT 08:31:41
Arab Today, arab today
Arab Today, arab today

Oil prices rise on persistent Middle East tensions

Arab Today, arab today

Arab Today, arab today Oil prices rise on persistent Middle East tensions

London - AFP

Global oil prices climbed Thursday on the back of geopolitical jitters surrounding Syria, while traders awaited the latest weekly snapshot of crude inventories in the United States. Brent North Sea crude for delivery in November gained 91 cents to $115.24 a barrel in midday trade in London, lifted also by supply delays following regular maintenance in the North Sea, dealers said. New York\'s main contract, light sweet crude for November, added 85 cents to $92.10 a barrel. \"Brent is continuing to profit from the geopolitical tensions in the Middle East and from the delays in the resumption of North Sea production,\" said Commerzbank analyst Carsten Fritsch. Crude oil prices briefly hit three-week peaks on Wednesday thanks to supply concerns linked to simmering tensions in the crude-rich Middle East, but the market finished the day in the red on global demand worries. Geopolitics moved back into focus on Thursday as Damascus accused Ankara of \"hostile\" behaviour over a Syrian Air plane after it was intercepted by Turkish authorities en route from Moscow to Damascus and forced to land in Turkey. The interception of the plane on Wednesday was \"hostile and reprehensible behaviour\" and \"another sign of the hostile policies of the Erdogan government, which harbours (rebels) and bombs Syrian territory,\" the foreign ministry said, referring to Turkish Prime Minister Recep Tayyip Erdogan. The ministry also demanded that Turkey return cargo seized from the Syrian Air jet. Oil had already rallied by about $3 on Tuesday on heightened concerns that the Syrian conflict could spread to Turkey after border skirmishes over the past week. However, market sentiment was dampened by a raft of economic growth forecast downgrades from the International Monetary Fund, the World Bank and the Asian Development Bank. Later on Thursday, traders were to digest the latest snapshot of oil inventories from the United States\' Department of Energy for the week ending October 5. The report was being published one day later than usual owing to a US public holiday last Monday. Market expectations were for a 600,000-barrel increase in US crude oil stocks, according to analysts polled by Dow Jones Newswires. Gasoline or petrol stockpiles were expected to have fallen by 400,000 barrels.

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*

oil prices rise on persistent middle east tensions oil prices rise on persistent middle east tensions

 



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*

oil prices rise on persistent middle east tensions oil prices rise on persistent middle east tensions

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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