Arab Today, arab today oil rises above 107 in asia
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Oil rises above $107 in Asia

Arab Today, arab today

Arab Today, arab today Oil rises above $107 in Asia

Singapore - QNA

Oil prices rose above $107 a barrel Tuesday in Asia as traders bet an improving U.S. economy will boost demand at a time when the ability to increase crude production is limited. Benchmark oil for April delivery was up 68 cents to $107.02 at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell $1.06 to settle at $106.34 per barrel in New York on Monday. Brent crude was up 19 cents at $125.53 per barrel in London. A third straight month of strong U.S. jobs growth in February has bolstered investor confidence that the recovery in the world’s biggest economy is strengthening and will eventually increase demand for crude. The Federal Reserve is scheduled to hold a one-day policy meeting later Tuesday, and the oil market will be watching closely for any hint the central bank is considering stimulus measures to boost economic growth. Analysts are also eyeing the possibility that global crude producers won’t be able to boost output enough to match demand if Iran’s 4 million barrels a day of production is cut. \"Global spare capacity has been dwindling, and crude demand is about to start rising seasonally,\" said Citigroup, which expects Brent to average $130 in the third quarter. \"Recent developments point to higher oil prices to come and the odds of a spike to new peaks rises.\" Crude has jumped from $96 last month amid investor concern that growing tensions over Iran’s nuclear program could spark a military conflict that disrupts global crude supplies. Israel has said it may carry out a pre-emptive strike on Iran’s nuclear capabilities while Iran has threatened to halt oil tankers in the Persian Gulf’s Strait of Hormuz. \"The inflammatory rhetoric between the U.S. and Israel and Iran shows no sign of abating,\" Citigroup said. Israeli comments that there will be no public debate before a strike promises to keep oil elevated even if the rhetoric calms down, the bank said. In other energy trading, heating oil rose 2.7 cents to $3.27 per gallon and gasoline futures gained 1.8 cents at $3.34 per gallon. Natural gas slid 0.5 cent at $2.26 per 1,000 cubic feet.

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 rises above 107 in asia Arab Today, arab today oil rises above 107 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 rises above 107 in asia Arab Today, arab today oil rises above 107 in asia

 



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
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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