Arab Today, arab today us oil prices fall to 18month low on supply report
Last Updated : GMT 06:06:30
Arab Today, arab today
Arab Today, arab today

US oil prices fall to 18-month low on supply report

Arab Today, arab today

Arab Today, arab today US oil prices fall to 18-month low on supply report

US benchmark West Texas Intermediate for November delivery fell $1.54 to $87.31 a barrel,
New York - AFP

 Oil prices in New York dropped to an 18-month low Wednesday after the US petroleum inventory report showed mounting stockpiles in the world's top crude consumer.
US benchmark West Texas Intermediate for November delivery fell $1.54 to $87.31 a barrel, the lowest level since April 2013.
European benchmark Brent crude for delivery in November fell 73 cents to $91.38 a barrel.
The Department of Energy said Wednesday that American crude reserves climbed by 5.0 million barrels in the week ending October 3, much above the 1.9 million billion forecast by analysts surveyed by Dow Jones Newswires.
Andy Lipow, head of Houston  consultancy Lipow Oil Associates, said the drop in prices was due to the US inventory report.
The report was "just one more news item in a series of bearish headlines that have been plaguing the oil market over the last couple of weeks," Lipow said.
Lipow said other "bearish" developments include the downgrade in the International Monetary Fund's economic growth forecast and news of higher output from the Organization of Petroleum Exporting Countries.

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 prices fall to 18month low on supply report Arab Today, arab today us oil prices fall to 18month low on supply report

 



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 prices fall to 18month low on supply report Arab Today, arab today us oil prices fall to 18month low on supply report

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
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
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel 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