Arab Today, arab today oil rises to near 79 in asia
Last Updated : GMT 17:53:47
Arab Today, arab today
Arab Today, arab today

Oil rises to near $79 in Asia

Arab Today, arab today

Arab Today, arab today Oil rises to near $79 in Asia

Singapore - QNA

Oil traded near $79 a barrel Friday in Asia, rising slightly after signs of slowing global economic growth triggered a sharp plunge in the oil price this week. Benchmark oil for August delivery was up 51 cents to $78.71 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $3.25 to settle at $78.20, the lowest since October, in New York on Thursday. In London, Brent crude for August delivery was up 69 cents at $89.92 per barrel on the ICE Futures exchange. Crude fell from $84 earlier this week and has plummeted 26 percent in less than two months as signs mount of a slowdown in the global economy, led by Europe, that would reduce demand for crude. Reports on Thursday that showed industrial production is slowing in the U.S. and China added to evidence that the world's two largest economies and oil consumers are weakening just as global crude supplies are growing. "Oil market sentiment remains extremely weak, with the chances of any immediate sustained relief rally appearing rather limited," Barclays said in a report. Europe's debt and economic woes are unlikely to be solved soon. The formation of a new Greek government this week briefly boosted investor optimism, but doubts about other debt-ridden European countries such as Spain and Italy continue to weigh on markets. In other energy trading, heating oil was up 2.3 cent at $2.55 per gallon while gasoline futures gained 2.1 cents at $2.47 per gallon. Natural gas gained 3.4 cents at $2.62 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 79 in asia Arab Today, arab today oil rises to near 79 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 to near 79 in asia Arab Today, arab today oil rises to near 79 in asia

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
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 04:23 2017 Tuesday ,20 June

Oil prices flat after weeks of steep declines

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

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
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