Europe
Friday, 23 December 2011 15:42
416
LONDON: Oil held around $108 a barrel on Friday, supported by fresh signs of a strengthening US economy and concern of potential supply disruptions in Iran and Iraq.
New US claims for unemployment benefits dropped to their lowest in 3-1/2 years, a government report showed, while consumer sentiment in the world's biggest oil consumer improved in December to the highest in six months.
Brent crude climbed 2 cents to $107.91 a barrel by 0905 GMT. US crude gained 35 cents to $99.88.
"The highlight is the continuation of good data on the US economy. China also seems to have managed to orchestrate a soft landing, which is supportive of oil prices," said Ben Le Brun, market analyst with OptionsXpress in Sydney. "The problem child is still Europe."
For the week, Brent is poised to rise over 4 percent, reversing losses in the previous week. The US benchmark is set for a 6.5 ...
LONDON: Brent crude oil extended gains to rise over $1 on Tuesday, on worries about supply, even as euro zone worries sent other demand sensitive assets like equities lower.
By 0834 GMT, Brent was $1.06 higher at $104.70.
Traders cited worries about sanctions-hit Iran struggling to maintain its production and the risk of supply being disrupted from Central Asian oil producer Kazakhstan, as pushing prices higher.
Copyright Reuters, 2011 ...
LONDON: Oil prices rose on Monday as the dollar weakened despite an initial flight-to-safety after the death of North Korean leader Kim Jong-il, while protests in a region of oil producer Kazakhstan raised the spectre of further supply disruption.
Ongoing concerns that the euro zone debt crisis will weigh on demand kept a lid on prices, however.
Brent crude futures were $1.00 up to $104.35 a barrel by 1434 GMT. Last week the front-month contract fell by ...
LONDON: Brent crude futures extended gains on Monday, up $1 to $104.35 a barrel as the dollar index fell, rendering dollar-denominated commodities such as oil more affordable to buyers in other currencies.
By 1020 GMT, Brent crude was 86 cents firmer at $104.21 a barrel, reversing earlier losses.
Copyright Reuters, 2011 ...
LONDON: Oil prices climbed towards $106 on Thursday, supported by a weaker dollar and renewed buying interest after the steepest plunge in nearly three months wiped four percent off crude markets in the previous session.
Rekindled fears about Europe's debt crisis helped trigger a downturn across asset classes on Wednesday, while oil market losses were compounded by the lack of agreement by the Organization of Petroleum Exporting Countries (OPEC) on individual output allocations limiting oil supply.
"The ...
KIEV: Ukraine, struggling to pay its gas bill to Russia, signalled on Tuesday that final agreement would not come before the New Year in talks seen as important to securing gas supplies to Europe and likely to lead to shared control of Ukraine's transit pipelines.
Moscow has indicated it will cut the price of gas for Ukraine, as Kiev has requested, if the former Soviet republic, which lies between Russia and its biggest gas customers, agrees ...
More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
