04:57 23-10-2014
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
17:52 Astana joins top-21 smart cities in the world - Nazarbayev17:42 225 youth resource centers to launch by end of 2014 in Kazakhstan17:40 Emergency power cut offs inevitable in case of electric network overload, bad weather conditions, says Energy Ministry17:38 Interior Ministers of Tajikistan, Russia consider cooperation in fight against organized crime17:22 Official unemployment rate in Kyrgyzstan makes 2.3% as of October 117:20 Kyrgyz Parliament ratifies agreement with IDA on construction of 56 km of road sections in Batken region for around $37 million17:16 Bishkek holds flashmob dedicated to Snow Leopard Day17:14 Trade between Tajikistan, Moscow region approximately equal to $250 million – Governor of Moscow region17:06 Two snow leopards of Kyrgyzstan are in Almaty Zoo, their sense of vision recovered by 30% – NABU16:57 Man with 25 kg of drugs detained in Chui region16:53 Kyrgyzpatent receives 2,753 applications for intellectual property YTD16:51 Nurlan Nigmatulin appointed as interim Secretary of State of Kazakhstan16:50 Russia's economic blockade by U.S., EU behind growth of US dollar exchange rate against som – expert16:47 Tajikistan, Moscow region plan to sign cooperation agreement in December16:47 OSCE Centre in Astana supports human rights education for police16:40 Farm family from Kyrgyzstan manages to rehabilitate two troubled teens from Germany16:36 Volume of counterfeit goods in Kyrgyzstan reportedly reaches $4.2 bln16:26 Uzbekistan to switchover to closed heating system by 201616:16 Governor of Naryn region, Representative of Aga Khan Development Network discuss construction of University of Central Asia15:59 EU-Central Asia high-level dialogue on security scheduled to be held in Dushanbe
Astana
+8° C
Ashgabat
+22° C
Bishkek
+18° C
Dushanbe
+19° C
Tashkent
+17° C
exchange rates
 
71.29
55.64
9.04
1.36
229.75
180.99
29.59
4.42
6.33
4.99
0.78
0.12
3084.28
2367.40
385.74
61.13
3.62
2.85
0.47
0.07

© 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