oil prices climb on greek debt worries
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Oil prices climb on Greek debt worries

Egypt Today, egypt today

Egypt Today, egypt today Oil prices climb on Greek debt worries

London - AFP

Oil prices rose on Tuesday on easing concerns over the Greek debt crisis and ahead of US economic data set to provide clues on the health of the world's biggest oil-consuming nation, analysts said. Brent North Sea crude for delivery in August advanced $1.09 to $112.48 a barrel in early afternoon London trade. New York's main contract, West Texas Intermediate for August, gained 71 cents to $95.65. "After a long holiday weekend, crude oil rebounded strongly and posted gains, as concerns eased about the Greek debt crisis," said Sucden analyst Myrto Sokou. She added: "Today, investors will be keeping an eye on the US durable goods and factory orders data for May that could provide a better insight of the US economy and give some direction to the dollar." Market participants are also awaiting the latest interest rate decisions from both the Bank of England and European Central Bank on Thursday. Further afield, traders will digest the crucial non-farm payrolls data in the United States on Friday. "The main focus this week will be switched to the ECB and BoE interest rate decision on Thursday and the US non-farm payroll figures on Friday that could give a better outlook for the global economy," said Sokou. The weekly snapshot of US energy inventories will be published on Thursday, one day later than normal, because of the Independence Day public holiday on Monday. The oil market was meanwhile boosted on Monday by the progress of eurozone talks to save debt-ridden Greece. Over the weekend, finance ministers approved the next 12-billion-euro slice of a rescue worth 110 billion euros ($160 billion) provided by the European Union and International Monetary Fund.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oil prices climb on greek debt worries oil prices climb on greek debt worries



GMT 08:31 2018 Monday ,22 January

West's 'Russiaphobia' worse than

GMT 12:40 2017 Thursday ,06 April

As streaming booms, songs getting faster

GMT 01:25 2011 Friday ,25 November

Giant volcanoes in Chile\'s wild Atacama

GMT 01:55 2017 Friday ,21 April

Unveils giant restored statue of Ramses II

GMT 13:53 2012 Monday ,16 January

Will Saleh’s men compromise his exit strategy?

GMT 17:38 2011 Monday ,09 May

10 of the best places for summer holidays

GMT 13:36 2015 Tuesday ,25 August

Lion kills guide in Zimbabwe park where Cecil lived

GMT 08:24 2016 Tuesday ,15 November

Berlin wild charms make it first choice

GMT 10:45 2012 Thursday ,19 July

ProSiebenSat.1 plans online TV channel

GMT 06:05 2012 Tuesday ,14 August

Memory, learning power unaffected

GMT 13:26 2017 Tuesday ,25 July

Nasr: lure dlrs 30 bn in investments in SCZone

GMT 13:58 2012 Tuesday ,07 February

Upstaged Bastakiya fights to regain place in Dubai
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

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 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday