UP

Oil prices rise after Saudi oilfield attack

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Crude oil prices went up on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for any signs that Sino-U.S. trade tensions could ease.

Axar.az reports citing RIA Novosti that price gains were capped by an unusually downbeat OPEC report that stoked concerns about growth in oil demand.

Brent crude LCOc1 was up 64 cents, or about 1.1%, at $59.28 a barrel at 0255 GMT,

U.S. crude CLc1 was up 55 cents, or 1%, at $55.42 a barrel.

The attack in Saudi Arabia is “keeping markets firm”, said Michael McCarthy, chief markets strategist at CMC Markets Asia Pacific Pty in Sydney. The apparent easing of tensions between the US and China is also helping, he said.

Date
2019.08.19 / 11:38
Author
Axar.az
Comments
See also

The price of oil today

Oil became cheaper

Decision on discount rate from FED

Oil became more expensive

Oil continues to rise in price

Oil started the week with this price

Oil ended the week at this price

Oil exceeded 85 dollars

Azerbaijan currency rates

Oil rose again

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla