Oil prices dropped Monday after disappointingmanufacturing report on China raised concerns about crude demand,overshadowing worries about growing violence in the Ukraine crisis.The US benchmark, West Texas Intermediate (WTI) for June delivery, finished at$99.48 a barrel, down 28 cents from Friday’s close.Brent North Sea crude for June fell 87 cents to settle at $107.72 in London.Oil futures were under pressure after HSBC’s survey showed China’s manufacturingsector contracted for a fourth consecutive month in April.The Chinese data was worse than expected and increased concerns that China’seconomic slowdown is expanding. China is the second largest energy consumerafter the US.
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 summitMaintained 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