Crude prices slipped in Asia Wednesday with traders taking profit from an unexpected overnight rally sparked by Iranian sabre-rattling against a European oil embargo. New York's main contract, light sweet crude for delivery in August fell 55 cents to $87.11 a barrel and Brent North Sea crude for August delivery shed 61 cents to $100.07. Crude traders were reaping a quick profit after a price surge of more than $3.00 in late New York trade Tuesday, said analysts. Meanwhile, the euro weakened against other major currencies in Asian trade before a European Central Bank policy meeting, amid expectations that the bank will chop its key interest rate. The common currency was quoted at $1.2593 and 100.44 yen in Tokyo afternoon trade, down from $1.2607 and 100.64 yen in New York late Tuesday.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
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 ©
Send your comments
Your comment as a visitor