Arab Today, arab today us oil ends higher after falling below 80
Last Updated : GMT 02:32:13
Arab Today, arab today
Arab Today, arab today

US oil ends higher after falling below $80

Arab Today, arab today

Arab Today, arab today US oil ends higher after falling below $80

Oil prices in New York
New York - AFP

 Oil prices in New York rebounded Thursday after briefly slipping below $80 a barrel, as a mixed US crude inventory report spurred a rally.
US benchmark West Texas Intermediate (WTI) oil for November delivery advanced 92 cents to $82.70 a barrel on the New York Mercantile Exchange.
WTI had slipped to $79.78 a barrel during the session, in the first drop below $80 since June 2012.
European benchmark Brent oil for November delivery gained 69 cents to $84.47, bouncing back from $82.60 earlier in the session, the lowest level since November 2010.
Thursday's gains snapped a three-day slide for the US contract that had been driven by swelling oil production, worries over weak demand and signals from Saudi Arabia and other OPEC members that they do not plan to cut output in response to lower oil prices.
Some traders bought crude after concluding the market was "oversold," said Bob Yawger, director of the futures division at Mizuho Securities.
Yawger said the catalyst was a US Department of Energy inventory report that showed a 4.0 million barrel drop in gasoline inventories, much more than the 1.4 million barrel decline projected by analysts, according to a Dow Jones Newswires survey.
The report also showed a build of 8.9 million barrels in crude stocks, more than the 2.2 million projected.
"Gasoline demand was up too, and that means… that people are confident enough in the economy," Yawger said.
The price of WTI rose as high as $84.83 before retreating. The overall price swing throughout the day was more than $5 -- a much bigger range than normal and a reflection of greater market volatility.

 

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 us oil ends higher after falling below 80 Arab Today, arab today us oil ends higher after falling below 80

 



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 us oil ends higher after falling below 80 Arab Today, arab today us oil ends higher after falling below 80

 



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 Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
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 Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
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 Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
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 Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

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 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

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