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[size=35][size=35]Lower oil prices amid tensions in the Middle East[/size]
2019-06-21 05:14
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Source:
Sky News
546 views
By 0630 GMT, the benchmark Brent crude was down 20 cents, or 0.31 percent, at $ 64.25 a barrel. Brent jumped 4.3 percent on Thursday, heading towards a 4 percent rise on a weekly basis.
US WTI fell 16 cents, or 0.28 percent, to $ 56.90 a barrel. US crude, however, rose 5.4 percent on Thursday and has moved up more than 8 percent since the start of the week.
" Recent highs and declines in oil prices really point to instability in the oil markets (given) the increasing geopolitical tensions ... and the fears of the oil market, " said [url=https://www.alsumaria.tv/Entity/2626040432/%D9%81%D9%8A%D9%83%D8%AA%D9%88%D8%B1 %D8%B4%D9%88%D9%85/ar/]Viktor Schum[/url] , vice president of energy consultancy at IHS Market in Singapore. Slowing oil demand due to trade disputes. "
https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/308557/%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%88%D8%B3%D8%B7-%D8%A7%D9%84%D8%AA%D9%88%D8%AA%D8%B1%D8%A7%D8%AA-%D8%A8%D8%A7%D9%84%D8%B4%D8%B1%D9%82-%D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7
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2019-06-21 05:14
[/size]
Source:
Sky News
546 views
[size=18]Oil prices retreated earlier in the day, but Brent crude is still recording its first weekly gain in five weeks amid rising tensions in the Middle East and hopes that lower US interest rates may spur global growth.
By 0630 GMT, the benchmark Brent crude was down 20 cents, or 0.31 percent, at $ 64.25 a barrel. Brent jumped 4.3 percent on Thursday, heading towards a 4 percent rise on a weekly basis.
US WTI fell 16 cents, or 0.28 percent, to $ 56.90 a barrel. US crude, however, rose 5.4 percent on Thursday and has moved up more than 8 percent since the start of the week.
" Recent highs and declines in oil prices really point to instability in the oil markets (given) the increasing geopolitical tensions ... and the fears of the oil market, " said [url=https://www.alsumaria.tv/Entity/2626040432/%D9%81%D9%8A%D9%83%D8%AA%D9%88%D8%B1 %D8%B4%D9%88%D9%85/ar/]Viktor Schum[/url] , vice president of energy consultancy at IHS Market in Singapore. Slowing oil demand due to trade disputes. "
https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/308557/%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%88%D8%B3%D8%B7-%D8%A7%D9%84%D8%AA%D9%88%D8%AA%D8%B1%D8%A7%D8%AA-%D8%A8%D8%A7%D9%84%D8%B4%D8%B1%D9%82-%D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7
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