Arab Today, arab today us oil price drops on profit taking
Last Updated : GMT 12:21:06
Arab Today, arab today
Arab Today, arab today

US oil price drops on profit taking

Arab Today, arab today

Arab Today, arab today US oil price drops on profit taking

New York - XINHUA

US crude price extended losses on profit-taking Friday after a recent rally powered by the Federal Reserve\'s unexpected decision to maintain its stimulus program for economic growth. Crude prices surged Wednesday after the US central bank surprised the market by continuing the pace of buying 85 US billion dollar a month in bonds. Economists had expected the Fed to announce a small tapering of its monetary stimulus with the amount of the cut expected to be ranged from 10 billion to 15 billion dollars. With no major economic data coming out Friday, investors are watching closely comments on tapering of quantitative easing from Fed officials. In an interview with Bloomberg on Friday, James Bullard, president of the St. Louis Federal Reserve, said a small reduction in Fed\'s monetary stimulus is possible at its October meeting, if the data is strong enough. Oil prices also fell as Syria agrees to surrender its chemical weapons, easing concerns that a potential U.S.-led military strike will disrupt oil supply in the Middle East. Syria will grant international inspectors access to its chemical weapons facilities, and dismantle its chemical arsenal within about a year, President Bashar al-Assad said in a televised interview this week. Light, sweet crude oil for October delivery decrease 1.72 dollars to 104.67 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery gained 46 cents to close at 109.22 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 us oil price drops on profit taking Arab Today, arab today us oil price drops on profit taking

 



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 us oil price drops on profit taking Arab Today, arab today us oil price drops on profit taking

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
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