oil prices stable
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Oil prices stable

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Oil prices stable

New York - AFP

Oil prices were narrowly mixed in muted trading on Tuesday as markets were closed in many countries for May Day holidays. New York\'s main contract, light sweet crude for delivery in June, fell 14 cents to $104.73 a barrel. Brent North Sea crude for June edged up six cents to $119.53. Expectations of a build-up in US crude inventories coupled with heightened worries over the economic state of the eurozone weighed on crude prices, said Jason Hughes, head of premium client management for IG Markets Singapore. \"The estimates coming in that US stockpiles would have increased yet again and also the uncertainty that still remains over the eurozone and the Spanish economy officially entering recession for the second time since 2009\" hit crude prices, he told AFP. An analyst poll forecast that US crude stockpiles would rise by 2.3 million barrels for the week ended April 27, representing another increase in inventories after a larger-than-expected spike the previous week. The stockpile gains indicate flagging energy demand in the world\'s largest oil consumer, which is negative for oil prices. Meanwhile, Spain\'s announcement on Monday that it had officially entered a recession after its economy contracted for the second straight quarter aggravated fears over the state of the troubled eurozone. Investors fear that Spain could follow a Greek-style downward debt spiral and trigger chaos in the market, in turn ravaging global energy demand. Doubts about Spain\'s ability to meet its deficit goals have been amplified by the plight of Spanish banks, many bogged down in bad loans after a property bubble collapsed in 2008.

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 stable oil prices stable

 



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 stable oil prices stable

 



GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences

GMT 23:58 2011 Saturday ,05 November

Ways to Update Your Furniture

GMT 13:14 2014 Saturday ,25 October

Alaa Abdel Fattah's appeal trial to be held Monday

GMT 05:26 2017 Thursday ,19 January

Solar energy making rapid progress in the region

GMT 12:55 2017 Tuesday ,26 December

Pope pleads for migrants at Christmas mass

GMT 10:29 2017 Saturday ,14 October

IMF chief urges more support for global trade

GMT 09:31 2017 Tuesday ,05 September

Battling to thwart diesel bans

GMT 11:35 2017 Saturday ,07 October

US tax overhaul 'desperately needed'

GMT 07:34 2017 Wednesday ,20 September

Death toll in Mexico quake rises to 248

GMT 13:47 2011 Monday ,01 August

World’s biggest Ramadan lantern lit up in Gaza

GMT 14:20 2015 Saturday ,15 August

'Deadliest Catch' star Tony Lara dead at 50

GMT 12:50 2012 Tuesday ,03 July

Leila Trabelsi appears in media

GMT 22:06 2012 Wednesday ,10 October

Gaza rockets strike Israel, no injuries
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice 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 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice