
Prices of forward deals of the light American crude oil, for December's delivery, dropped in the Asian trades 32 cents reaching USD 80.22 per barrel on Monday, as compared to the Friday rates.
The Brent forward transactions for December's delivery fell 19 cents, today, to USD 85.67 pb, also in contrast to the Friday rates. Price difference between the light American crude and the Brent crude amounted to USD 5.45.
Fall of the American crude price in the Asian markets came against backdrop of fresh reports about the Chinese economy indicating growth of the industrial sector in the major Asian industrial nation.
The crude price's fall is also attributed to rise of the US dollar rate vis a vis the other hard currencies.
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 barrel

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor