oil prices down as opec meeting awaited
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

Oil prices down as OPEC meeting awaited

Arab Today, arab today

Arab Today, arab today Oil prices down as OPEC meeting awaited

A barrel of West Texas Intermediate for September delivery fell 25 cents to $42.77
New York - AFP

Oil prices fell slightly on world markets on Tuesday, with investors taking profits after consecutive rises in recent days.

A barrel of West Texas Intermediate for September delivery fell 25 cents to $42.77 on the New York Mercantile Exchange, after having risen nearly a dollar and a half the day before.

In London, a barrel of North Sea Brent for October delivery fell 41 cents to $44.98 on the Intercontinental Exchange.

The slight declines followed Monday's announcement of an unscheduled meeting next month by the Organization of Petroleum Exporting Countries, fueling speculation of measures to stabilize prices.

Russian Energy Minister Alexander Novak reportedly said his country would be willing to discuss a freeze if OPEC raises the matter.

After a bearish July, prices rebounded in recent days, following stronger-than-expected US hiring figures and a general reevaluation of the likelihood of a US interest rate hike.

"It's quiet today. I think you may see a bit of profit taking," said John Kilduff of Again Capital.

"This is a short-covering rally with record short interest in crude oil," Kilduff said, adding that rumor of possible collaboration between Russia and OPEC was also influencing market decisions.

 

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*

oil prices down as opec meeting awaited oil prices down as opec meeting awaited

 



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*

oil prices down as opec meeting awaited oil prices down as opec meeting awaited

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation

GMT 10:45 2017 Saturday ,04 March

Houthis bomb house of Yemeni resistance leader

GMT 08:50 2017 Saturday ,28 January

I prefer my own music production

GMT 04:15 2017 Saturday ,09 September

Chloe Gosselin appoints Emma Beckett PR

GMT 11:27 2017 Tuesday ,03 January

James leads ailing Cavs

GMT 12:05 2017 Tuesday ,24 January

Parliament must approve start of Brexit proces

GMT 14:42 2016 Wednesday ,17 August

Ford and Baidu invest in self-driving car sensor firm
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday