Arab Today, arab today oil rises on saudi output cuts
Last Updated : GMT 17:27:18
Arab Today, arab today
Arab Today, arab today

Oil rises on Saudi output cuts

Arab Today, arab today

Arab Today, arab today Oil rises on Saudi output cuts

New York - XINHUA

Crude prices rose Thursday as there were reports saying the world\'s largest oil producer of Saudi Arabia cut output last month and China\'s latest trade data came in supportive. The reports, citing sources familiar with Saudi Arabia\'s oil output policy, said Saudi Arabia, also the world\'s largest oil exporter, slashed its crude oil production by nearly 5 percent in December to around 9 million barrels per day. This was more than 1 million bpd below its peak production seen last summer and the lowest level in 19 months. Meanwhile, China\'s upbeat trade data boosted investors\' risk appetite. According to a report released Thursday, China\'s exports jumped 14.1 percent year-on-year in December, far beyond markets\' expectation and offering more positive signs of the economic growth outlook in China, the world\'s second largest oil consumer. In Yemen, another important member on the Organization of Petroleum Exporting Countries, the government and oil industry officials said a main crude export pipeline was blown up by unknown attackers, halting most of the country\'s oil outflows. To add to the rising dynamic to oil markets, the dollar weakened on Thursday. A weaker dollar made the greenback- denominated oil more attractive to foreign investors. On the economic front, U.S. initial jobless claims rose slightly by 4,000 last week, showing stable recovery pace in the job market. The European Central Bank left its interest rates unchanged at record lows after it finished its monthly meeting on Thursday. ECB President Mario Draghi said the central bank expected the euro zone\'s economy to recover in late 2013. The Bank of England also kept its easing monetary policies unchanged to offer support to the economy. Light, sweet crude for February delivery added 72 cents, or 0. 77 percent, to settle at 93.82 dollars a barrel on the New York Mercantile Exchange. Brent crude for February delivery inched up 13 cents, or 0.12 percent, to close at 111.89 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 saudi output cuts Arab Today, arab today oil rises on saudi output cuts

 



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 saudi output cuts Arab Today, arab today oil rises on saudi output cuts

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
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 Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer 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