oil prices trade mixed
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 trade mixed

Arab Today, arab today

Arab Today, arab today Oil prices trade mixed

New York - AFP

Oil prices traded mixed on Friday amid a brighter US economic outlook and falling US crude stockpiles. New York's main contract, West Texas Intermediate for delivery in August, closed at $108.05 a barrel, only a cent higher than Thursday's settlement. The European benchmark contract, Brent North Sea crude for September, fell 63 cents to $108.07 a barrel. The New York WTI contract had surged as high as $109.32 in morning trade, topping the price of Brent for the first time since August 16, 2010. "Better-than-expected US economic data are providing the WTI price with upward momentum and so is the sharp reduction of US crude oil stocks in past weeks," said Commerzbank analyst Carsten Fritsch. "This makes investments in WTI more attractive for investors than investments in Brent," the analyst said. Brent oil prices have historically traded below WTI crude but over the past three years have stayed above the US contract, largely owing to high US stockpiles, according to analysts. In October 2011, Brent traded almost $28 above WTI.

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 trade mixed oil prices trade mixed

 



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 trade mixed oil prices trade mixed

 



GMT 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 12:31 2017 Thursday ,02 November

Gala Dinner Wednesday 8 November, 7.30pm

GMT 13:44 2018 Tuesday ,23 January

Ibrahim meets UNIFIL Commander

GMT 04:23 2017 Saturday ,30 December

Iraq faces 'new war' - on corruption

GMT 13:20 2017 Friday ,29 December

PML-N achieved milestone with inauguration of Hazara

GMT 14:30 2017 Wednesday ,08 March

China’s FX reserves rebound above $3tr

GMT 02:59 2017 Thursday ,12 January

Emirates challenging us for future A380 version

GMT 05:23 2017 Thursday ,10 August

UAE in talks to facilitate air transport with India

GMT 00:43 2016 Thursday ,18 August

Kenya wins East Africa military games

GMT 06:16 2017 Thursday ,16 March

Partnership between Dams Implementation Unit,

GMT 02:08 2017 Tuesday ,12 September

Saudi Airline says US laptop ban lifted

GMT 11:59 2017 Tuesday ,25 April

PSG, Monaco renew battle in French Cup semi-final

GMT 21:24 2017 Thursday ,30 November

Governor of Makkah meets UAE Ambassador
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