Arab Today, arab today oil prices rise to above 109 in london
Last Updated : GMT 18:07:22
Arab Today, arab today
Arab Today, arab today

Oil prices rise to above $109 in London

Arab Today, arab today

Arab Today, arab today Oil prices rise to above $109 in London

London - AFP

Oil prices rose Thursday, supported by a tighter supply situation in the United States, analysts said. New York\'s main contract, light sweet crude crude for delivery in November, climbed 33 cents at $86.44 a barrel. Brent North Sea crude for December gained 63 cents to $109.02 a barrel in London midday deals. \"One reason (for the rises) is likely to be US inventory data, published by the US Department of Energy yesterday, indicating that US crude oil stocks fell last week by 4.73 million barrels to their lowest level since February 2010,\" Commerzbank commodities analyst Carsten Fritsch said Thursday. The overall mood in energy markets was being dictated by economic worries, with investors waiting for results of a summit by European leaders this weekend on how to prevent the debt crisis from further escalating. Initially limited to Greece, Europe\'s almost two-year-old debt crisis has spilled across borders, threatening large economies as well as the continent\'s banks. \"Markets will look to this weekend\'s European economic summit for some signs that a workable plan can be crafted to reduce the market stress,\" said Sanjeev Gupta, head of the Asia-Pacific Oil & Gas practice at Ernst & Young. Capital Economics business consultancy said the eurozone was \"heading for recession, and if its public debt and banking crisis is not contained, the rest of the developed world may follow suit.\" \"The United States should avoid another technical recession in the coming quarters, but its recovery looks set to remain lacklustre for years to come,\" it added in a report. Click here to find out more!

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 to above 109 in london Arab Today, arab today oil prices rise to above 109 in london

 



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 to above 109 in london Arab Today, arab today oil prices rise to above 109 in london

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
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 04:23 2017 Tuesday ,20 June

Oil prices flat after weeks of steep declines

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
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