Crude oil prices climbed close to $100 per barrel after the Commerce Department said the U.S. gross domestic product rose 2.8 percent in the fourth quarter. Friday's report puts the GDP short of the expected 3 percent growth but respectable next to fourt-quarter contractions in Britain and Germany. The fourth quarter's figure is also close to the Federal Reserve's forecast for U.S. economic growth for 2012, which is 2.7 percent. On the New York Mercantile Exchange, West Texas Intermediate crude added 27 cents to reach $99.87 per barrel. Home heating oil added 2.92 cents $3.0638 per gallon. Reformulated blendstock gasoline added 4.24 cents to $2.8932 per gallon. Henry Hub natural gas prices lost 2.3 cents to $2.631 per million British thermal units. At the pump, the national average price of unleaded gasoline added one penny overnight, jumping from $3.379 per gallon to $3.389, AAA said.
GMT 18:55 2018 Friday ,14 December
Libya’s National Oil against paying ‘ransom’ to reopen El Sharara fieldGMT 22:22 2018 Thursday ,13 December
Turkey starts building land part of Turkish Stream pipelineGMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 14:30 2018 Friday ,07 December
Major oil producers haggle over production cutGMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 09:30 2018 Monday ,03 December
Qatar says it is withdrawing from OPEC on January 1GMT 21:00 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs downGMT 17:28 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained 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