Arab Today, arab today oil rises to near 104 in asia
Last Updated : GMT 20:35:56
Arab Today, arab today
Arab Today, arab today

Oil rises to near $104 in Asia

Arab Today, arab today

Arab Today, arab today Oil rises to near $104 in Asia

Singapore - QNA

Oil prices rose slightly to nearly $104 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly fell, suggesting demand may be improving Benchmark oil for June delivery was up 19 cents to $103.74 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 44 cents to settle at $103.55 in New York on Tuesday. Brent crude for June delivery was up 23 cents at $118.39 per barrel in London, according to AP. The American Petroleum Institute said late Tuesday that crude inventories fell 1.0 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had predicted an increase of 1.5 million barrels. Crude supplies had jumped more than analyst forecasts for the previous four weeks. The Energy Department\'s Energy Information Administration reports its weekly supply data later Wednesday. \"If the Energy Department corroborates, this would be a bullish number,\" energy trader and consultant The Schork Group said in a report. Inventories of gasoline fell 3.6 million barrels last week while distillates also tumbled 3.6 million barrels, the API said. Analysts are worried Europe\'s debt crisis may force further government spending cuts that would hurt economic growth. Capital Economics expects Europe\'s economy to shrink 1 percent this year and 2.5 percent in 2013. \"Large parts of the euro-zone are fundamentally uncompetitive and have unsustainable debt burdens,\" Capital Economics said in a report. \"We still expect some form of euro-zone break-up to begin in the coming year or so.\" Investors will also be closely watching comments by the U.S. Federal Reserve about the strength of the recovery and monetary policy after its meeting Wednesday. In other energy trading, heating oil was up 0.7 cents at $3.14 per gallon and gasoline futures fell 0.3 cents at $3.12 per gallon. Natural gas rose 0.5 cents at $1.98 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 to near 104 in asia Arab Today, arab today oil rises to near 104 in asia

 



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 to near 104 in asia Arab Today, arab today oil rises to near 104 in asia

 



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 US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
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 Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today China refuses visa to elderly India runner

GMT 15:01 2017 Tuesday ,26 September

China refuses visa to elderly India runner
Arab Today, arab today UAE to open its first nuclear reactor in 2018

GMT 19:11 2017 Tuesday ,26 September

UAE to open its first nuclear reactor in 2018
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 Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
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 Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

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