Arab Today, arab today oil recovers above 98 in asia
Last Updated : GMT 02:15:43
Arab Today, arab today
Arab Today, arab today

Oil recovers above $98 in Asia

Arab Today, arab today

Arab Today, arab today Oil recovers above $98 in Asia

SINGAPORE - QNA

Oil prices hovered above $98 a barrel Tuesday in Asia as concern grew that Europe\'s debt crisis is worsening and Chinese demand for crude showed signs of waning. Benchmark oil for July delivery was up 54 cents to $98.24 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. In London, Brent crude for July delivery was up 65 cents to $110.75 a barrel on the ICE Futures exchange In other Nymex trading in June contracts, heating oil rose 2.2 cents to $2.87 a gallon and gasoline dropped 1.0 cent to $2.95 a gallon. Natural gas futures fell 1.0 cent to $4.34 per 1,000 cubic feet Analysts said the black gold took advantage of speculation that Libyan supply cuts will reduce OPEC’s spare production capacity that offset concerns over euro zone debt worries. They also attributed oil’s slight recovery to positive forecast by major banks Goldman Sachs Group Inc. and Morgan Stanley. The difference between front-month contracts in London and New York surged to a record $19.54 on Feb. 21. It averaged 76 cents last year. On Friday, The benchmark contract lost $2.40 to settle at $97.70 as the dollar strengthened amid growing investor concern about Europe\'s debt crisis. Crude also fell on fears China\'\'s economic expansion is slowing after Platts, the energy information arm of McGraw-Hill Cos., reported that growth in crude consumption fell in April. In London, a barrel of Brent North Sea for July lost $2.29 to settle at $110.10 

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 recovers above 98 in asia Arab Today, arab today oil recovers above 98 in asia

 



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 recovers above 98 in asia Arab Today, arab today oil recovers above 98 in asia

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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 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

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb

GMT 23:44 2017 Saturday ,03 June

OPEC daily basket price for Tuesday, 30th May 2017
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