Oil fell below $93 a barrel Friday in Asia as weak Chinese trade figures suggested growth continues to slow in the world's second-largest economy, according to AP. Benchmark crude was down 91 cents to $92.45 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 1 cent on Thursday to settle at $93.36 in New York. In London, Brent crude was down $1.08 at $112.14 on the ICE Futures exchange. China said Friday that the country's exports grew just 1 percent in July from a year earlier while import growth slowed to 4.7 percent. China's booming economy and voracious appetite for commodities has helped oil surge from $10 in 1998. In other Nymex energy trading, wholesale gasoline futures were up marginally $3.00 a gallon and heating oil slipped slightly to $3.03. Natural gas was down less than 0.1 cents at $2.93 per 1,000 cubic feet.
GMT 18:55 2018 Friday ,14 December
Libya’s National Oil against paying ‘ransom’ to reopen El Sharara fieldGMT 22:21 2018 Thursday ,13 December
Turkey starts building land part of Turkish Stream pipelineGMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 14:30 2018 Friday ,07 December
Major oil producers haggle over production cutGMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 09:30 2018 Monday ,03 December
Qatar says it is withdrawing from OPEC on January 1GMT 21:01 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs downGMT 17:32 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained 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 ©
Send your comments
Your comment as a visitor