22:07 22-12-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Oil price slips below $102 a barrel as worries over supply, geopolitical tension ease

Bishkek (AKIpress) - ee30f9d242a46152a77be1d7277b79d5 The price of oil slipped below $102 a barrel on Friday, falling for a second day after spiking on lower U.S. inventories and tensions in the Ukraine and the Middle East, according to the Associated Press.

Benchmark U.S. crude for September delivery was down 10 cents to $101.97 at 0555 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped $1.05 to close at $102.07 a barrel on Thursday.

Brent crude, a benchmark for international oils, rose 13 cents to $107.20 in trading on the ICE exchange in London.

Lower-than-expected U.S. crude inventories in a weekly Energy Department report had driven prices up on Wednesday, but expectations of stronger growth in demand were later countered as gasoline supplies were nearly three times larger than predicted.

Still, the price of oil has stayed above $100 a barrel after a civilian jetliner was shot out of the sky last week over a part of eastern Ukraine controlled by pro-Russian separatists and as Israel's invasion of the Gaza Strip added to risks of instability in the Middle East.

In other energies trading on Nymex:

— Wholesale gasoline rose 1.2 cent to $2.825 a gallon.

— Natural gas was little changed at $3.849 per 1,000 cubic feet.

— Heating oil added 0.6 cent to $2.885 a gallon.


Twitterfacebookprint
13:04 25.07.2014
LATEST NEWS
17:42 MP Altybayeva suggests to suspend license allowing Kazakhmys Gold Kyrgyzstan to export gold ore from Bozymchak17:24 National Institute for Strategic Studies, ISOC discuss cooperation in ICT17:04 Parliamentary committee on budget and finance supports bill to raise excise tax on tobacco16:59 South Korea prosecutors investigate data leak at nuclear power plants16:47 Building process of Upper Naryn Cascade HPPs16:39 Parliamentary elections in Uzbekistan competently administered but lacked genuine competition and debate, say OSCE/ODIHR observers16:28 Nazarbayev meets with Poroshenko in Kiev16:12 Kazakhstan’s GDP growth makes up 4.2% in 11 months 201415:47 Government reviews draft agreement on Kyrgyzstan's accession to Eurasian Economic Union15:46 Kazakhstan oil production 1.3% down in 2014 - Economy Ministry15:41 President Atambayev heads to Moscow to attend sessions of CSTO Collective Security Council, Supreme Eurasian Economic Council15:40 Spain's Princess Cristina to face tax fraud trial15:32 Prime Minister outlines three challenges of energy sector to be solved in near future15:30 Turkmenistan pays tribute to first president15:15 President, Chairman of National Bank discuss access improvement of financial institutions and entrepreneurs to cheaper long-term loans15:02 Government allocates 5-mln-som budget loan for Leilek FEZ14:50 Rehabilitation center for children in Naryn receives car14:43 Nazarbayev arrives in Kiev14:26 Kazakhstan's central bank to change its inflation forecast to 5.8% in 201514:00 China tells U.S. it opposes cyber attacks amid Sony hack
Astana
-6° C
Ashgabat
+9° C
Bishkek
+6° C
Dushanbe
+7° C
Tashkent
+10° C
exchange rates
 
72.35
58.90
9.47
0.97
223.59
182.05
29.27
3.01
6.43
5.25
0.84
0.09
2984.62
2409.67
388.81
45.20
3.48
2.85
0.46
0.05

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75