world oil prices retreat
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

World oil prices retreat

Arab Today, arab today

Arab Today, arab today World oil prices retreat

London - AFP

World oil prices dropped on Tuesday, with New York crude taking a hit from disappointing US data, according to analysts. Brent North Sea crude for delivery in September fell 29 cents to stand at $107.86 a barrel in London midday deals. New York's main contract, West Texas Intermediate (WTI) for delivery in September, slid one dollar to $105.94 a barrel. "The price decline was triggered by weaker-than-expected existing home sales in the US," said Kash Kamal, research analyst at Sucden brokerage in London. "Expectations for a further drawdown in (US)crude stocks this week may support WTI near current levels." He added: "Brent remains relatively well supported at current levels as tensions in the Middle East continue to threaten supply, however prices have experienced some downside as concerns over slowing Chinese growth materialised." The National Association of Realtors on Monday said that US home sales fell 1.2 percent to an annual rate of 5.08 million in June. The average analyst estimate was for a rise to 5.28 million in June.  

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*

world oil prices retreat world oil prices retreat

 



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*

world oil prices retreat world oil prices retreat

 



GMT 03:07 2017 Wednesday ,25 January

Health care veterans, pioneers awarded

GMT 05:44 2017 Saturday ,11 November

Business as usual as Hamilton dominates Brazil practice

GMT 11:08 2018 Thursday ,25 October

Russia to be at very high level at conference on Libya

GMT 15:00 2012 Saturday ,21 April

Nelly Karim: Egypt akin to \'Hiya Fawda\'

GMT 03:02 2018 Saturday ,20 January

Egypt's President Sisi says will stand for re-election

GMT 00:51 2017 Tuesday ,24 October

HH the Emir Meets Foreign Minister of Kuwait

GMT 05:42 2017 Saturday ,02 September

64 dead in clashes in Raqa province

GMT 00:08 2017 Sunday ,05 March

Desperate migrants escape Libya 'hell'

GMT 19:24 2016 Saturday ,12 November

Israeli air forces attack Syrian position in Qunaitera
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 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

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