Arab Today, arab today oil slips on demand concerns
Last Updated : GMT 23:05:53
Arab Today, arab today
Arab Today, arab today

Oil slips on demand concerns

Arab Today, arab today

Arab Today, arab today Oil slips on demand concerns

New York - XINHUA

Crude prices went down Friday as concerns about global oil demand weighed on the markets. The crude prices got pressured after the International Energy Agency said Europe\'s oil demand that has already been at its lowest level in 20 years after five years of declines is expected to contract further this year. The agency predicted the European oil demand of the Organization of the Petroleum Exporting Countries will fall by 0. 19 million barrels per day in 2013 after a drop of 0.51 million bpd last year due to economic recession, increased energy efficiency and a switch to alternative forms of energy. It had been reported that Saudi Arabia, the world\'s top oil exporter, cut its oil production to the 19-month low in December, which was also a result of worldwide weak demand. Market sentiment was also hurt by the rising inflation pressure in China, the world\'s second largest oil consumer. The Chinese consumer price index rose to 2.5 percent in December from a year earlier after a 2-percent gain in the month before. But there were positive news that limited oil\'s losses. Bank of Japan on Friday decided on a new package of economic stimulus totaling 226 billion dollars. With the biggest spending boost since the financial crisis, Japan\'s new government hoped to boost economic growth by 2 percentage points and create 600,000 jobs. Markets analysts said the investors will more focus on the debt ceiling negotiations in the U.S. Congress in the first quarter. The headlines from Washington will continue to influence the crude markets. Light, sweet crude for February delivery lost 26 cents, or 0.28 percent, to settle at 93.56 dollars a barrel on the New York Mercantile Exchange. For the week, it added 47 cents, or 0.50 percent. Brent crude for February delivery fell more steeply by 1.25 dollars, or 1.12 percent, to close at 110.64 dollars a barrel, posting a weekly drop of 67 cents, or 0.61 percent.

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 slips on demand concerns Arab Today, arab today oil slips on demand concerns

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
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