Oil prices fell slightly Friday as traders weighed financial and economic uncertainties in Spain and the eurozone that have markets on edge. New York\'s main contract, West Texas Intermediate crude for delivery in July, slipped 72 cents to close at $84.10 a barrel. Brent North Sea crude for July lost 46 cents, settling at $99.47 a barrel in London trade. \"It\'s a really confusing market, there is no big position,\" said Rich Ilczyszyn, a trader at iiTrader. He said traders were keeping an eye on Spain, with expectations Madrid will seek some form of rescue for its banking sector over the weekend. \"A lot of players are outside the market\" because of the uncertainties in the eurozone, he said. \"Nobody can quantify risks, because we don\'t know what the monetary and fiscal situation is.\"
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 22:57 2018 Saturday ,20 January
the literary canary in India's coalmineGMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 15:44 2018 Saturday ,13 January
Bahrain to host MERTC 2018GMT 18:24 2018 Friday ,12 January
No need to panic over $70 oil price: UAE Energy MinisterGMT 13:21 2018 Friday ,12 January
Kuwaiti oil price up 93 cents to stand at US$66.09 per barrelMaintained 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 ©
Send your comments
Your comment as a visitor