oil prices extend slump brent drops under 120
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Oil prices extend slump, Brent drops under $120

Arab Today, arab today

Arab Today, arab today Oil prices extend slump, Brent drops under $120

LONDON - AFP

Oil prices fell further on Thursday amid evidence of weak energy demand in the United States, analysts said. Brent North Sea crude for delivery in June slumped $1.77 to $119.42 per barrel in London trade. New York's main contract, light sweet crude for June, shed $1.69 to $107.55 a barrel. "Crude oil prices extended losses following renewed concerns about oil demand," said Myrto Sokou, an analyst at Sucden brokers in London. Oil prices had already dived on Wednesday after a stronger-than-expected increase in US petroleum stockpiles sparked worries about demand in the United States, the world's biggest oil-consuming nation. The US Department of Energy (DoE) said on Wednesday that stockpiles jumped 3.4 million barrels in the week ending April 29, beating analyst predictions for a gain of 3.2 million barrels. A rise is seen as an indication of softer energy demand in the world's biggest economy. Crude futures have slumped since the start of the week as traders fret about slower growth in big oil importers and mull the impact of the death of Al-Qaeda chief Osama bin Laden on global political risk in the market.

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 extend slump brent drops under 120 oil prices extend slump brent drops under 120

 



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 extend slump brent drops under 120 oil prices extend slump brent drops under 120

 



GMT 04:22 2017 Tuesday ,26 December

Israel in touch with '10 countries' over embassy moves

GMT 19:43 2017 Friday ,06 October

Employee safety top priority at Khalifa Port

GMT 16:19 2017 Friday ,28 April

ISIS Suspect Arrested in Western Germany

GMT 12:57 2017 Monday ,11 December

50 Students Poisoned by Contaminated Well Water

GMT 16:31 2017 Thursday ,10 August

Palestinians will discuss decline of aids

GMT 21:15 2017 Saturday ,04 March

Obama never ordered surveillance on any US citizen

GMT 10:00 2017 Thursday ,09 March

Russia ‘can be good friends with GCC’

GMT 02:13 2017 Wednesday ,22 February

Russian helicopter crash kills 19 in Siberia

GMT 13:23 2017 Tuesday ,05 December

Lebanon PM Hariri rescinds resignation

GMT 00:39 2017 Tuesday ,05 December

Gunmen kill cleric in Aden, southern Yemen

GMT 11:43 2016 Thursday ,24 November

Will learn from Euro exit

GMT 06:56 2017 Tuesday ,17 October

US ‘not taking sides’ between Iraqi forces, Kurds

GMT 19:59 2017 Thursday ,16 February

Syrian opposition's chief negotiator arrives in Astana
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