oil prices up in asia amid volatile trading
Last Updated : GMT 00:48:06
Arab Today, arab today
Arab Today, arab today

Oil prices up in Asia amid volatile trading

Arab Today, arab today

Arab Today, arab today Oil prices up in Asia amid volatile trading

Oil prices
Singapore - AFP

Oil prices rose in Asia Friday as dealers digested a mixed US inventory report and a new round of interest rate cuts by the European Central Bank, while keeping watch on the Ukraine conflict.
US benchmark West Texas Intermediate for October delivery gained 31 cents to $94.76 while Brent crude for October delivery was up 27 cents at $102.10 in late-afternoon trade.
Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at business consultancy EY, said oil prices were "see-sawing" as dealers tracked simultaneous upside and downside factors.
US crude reserves in the United States in the week to August 29 fell 900,000 barrels, the Energy Information Administration said Thursday, close to analysts' expectations.
However, a 0.2 percentage point drop in refinery usage to 93.3 percent of total capacity signalled tepid demand in the world's top crude consumer after the end of the summer driving season.
The European Central Bank's (ECB) surprise move on Thursday to introduce a new round of interest rate cuts "boosted the US dollar and capped the gains of benchmark oil prices", Gupta said.
An advance in the greenback makes dollar-priced oil and commodities more expensive for buyers using weaker currencies, denting demand and pushing prices lower.
Elsewhere, signs of a resolution to the months-long Ukraine crisis is providing support to oil prices, analysts said, with hopes that the end of fighting will result in resurgent energy demand.
Ukraine President Petro Poroshenko on Thursday voiced "careful optimism" that peace talks on the conflict with pro-Kremlin rebels would produce a ceasefire in a civil war that has cost some 2,600 lives.
Western leaders gathered in Britain for a NATO summit kept up pressure on Russia for its support of the rebels and warned of more sanctions against Moscow despite the possibility of a ceasefire deal.
The conflict is closely watched by crude investors as Russia is the number-two oil producer in the world, and Ukraine is a key conduit for Moscow's gas exports to Europe.

 

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 up in asia amid volatile trading oil prices up in asia amid volatile trading

 



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 up in asia amid volatile trading oil prices up in asia amid volatile trading

 



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 Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
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 Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
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 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

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 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

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