Arab Today, arab today oil rises on positive economic data
Last Updated : GMT 12:24:19
Arab Today, arab today
Arab Today, arab today

Oil rises on positive economic data

Arab Today, arab today

Arab Today, arab today Oil rises on positive economic data

New York - Xinhua

Crude prices rose on Thursday as U.S. jobless data came in positive, brightening crude demand perspectives. The U.S. Labor Department reported that the country\'s initial jobless claims continued decreasing 2,000 in the week ended Feb. 25, pointing to strong improvement in the labor market. The four- week average extended its long convincing trend downward, falling 5,500 to 354,000. Besides, the same-store sales for January beat Wall Street\'s expectation thanks to the improving consumer confidence, adding evidence to a strengthening economic recovery. Light, sweet crude for April delivery rose 1.77 dollars, or 1. 65 percent to settle at 108.84 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for April delivery also gained sharply by 3.54 dollars, or 2.89 percent to finish at 126.20 dollars a barrel. Shortly after the settlement, there was a report from an Iran state owned media called Press TV, saying \"an explosion has hit oil pipelines in the flashpoint Saudi Arabian city of Awamiyah in the kingdom\'s oil-rich Eastern Province.\" This headline fueled fears about unstability in the Middle East and great thread confronting the world crude supplies. Although the Saudi officials had later denied the explosion, it triggered oil\'s surge. WTI broke 110 dollars a barrel and the Brent Crude soared above 127 dollars a barrel.

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 on positive economic data Arab Today, arab today oil rises on positive economic data

 



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 on positive economic data Arab Today, arab today oil rises on positive economic data

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
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
Arab Today, arab today
Arab Today, arab today

GMT 05:52 2017 Wednesday ,28 June

Suzanne Tamim’s father refuses to give comment

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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