www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Oil prices fall below US$90 amid concerns about US economy

(Agencies)
Updated: 2008-02-05 12:27

SINGAPORE - Oil prices retreated Tuesday, weighed down by persistent concerns about the flagging US economy as stock markets declined.

"The market is in uncertain territory as worries about the economy in the US continue to weigh - it's unclear how deep the recession will be, if there is a recession," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore.

"Meanwhile, the market tends to move in tandem with global equities markets."

The Dow Jones industrial average fell more than 100 points Monday on Wall Street as investors cashed in profits from the market's best week in nearly five years, and Tuesday in Asia major stock indices in Tokyo and Hong Kong are down more than 1 percent.

Energy investors often view stocks as a proxy for economic growth, and in some recent sessions, movements in the oil market have closely followed that of global equities.

Light, sweet crude for March delivery lost 26 cents to US$89.76 a barrel in Asian electronic trading on the New York Mercantile Exchange by midday in Singapore.

The contract rose US$1.06 to settle at US$90.02 a barrel on Monday after the US government reported strong data on factory orders, raising hope that the world's largest economy will dodge a recession that would curtail demand for energy.

A temporary closure of the Houston Shipping Channel and a ship channel near Port Arthur, Texas, both key waterways used to transport crude oil to Texas refineries, also pushed prices higher Monday.

Also supporting prices Monday were new reports of violence in northern Iraq and Nigeria. Turkish warplanes bombed 70 Kurdish rebel sites in northern Iraq, while a Nigerian rebel group attacked security forces near a Royal Dutch Shell PLC oil-pumping station, killing three soldiers. Violence in both regions contributed to oil's rise to US$100 a barrel earlier this year.

Oil prices should drop further in the coming weeks as demand diminishes with the end of the Northern Hemisphere winter, Shum said.

"We're entering the shoulder season between the Northern Hemisphere winter, which is ending, and before the US summer driving season ... pricing should soften," he said.

Heating oil fell 0.5 cent to US$2.4783 a gallon (3.8 liters) while gasoline prices dropped 0.67 cent to US$2.305 a gallon. Natural gas futures added 8.6 cents to US$7.955 per 1,000 cubic feet.

Brent crude declined 10 cents to US$90.37 a barrel on the ICE Futures exchange in London.



Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 亚洲欧美在线观看播放 | 色日韩| 国产一级强片在线观看 | 亚洲国产日韩成人综合天堂 | 国产自一区| 又刺激又黄的一级毛片 | 亚洲自拍小视频 | 99爱在线精品视频网站 | 久久精品二区 | 频黄| 久草男人天堂 | 免费韩国美女爽快一级毛片 | 日韩一级精品视频在线观看 | 国产成人3p视频免费观看 | 国产一区二区在线看 | 韩国三级 mp4 | 在线观看亚洲专区 | 成人免费毛片网站 | xxxwww在线播放 | 国产亚洲精品一区二区 | 男人添女人下面免费毛片 | 日p免费视频 | 成人在线网 | 国产日本韩国不卡在线视频 | 国产成人精品一区二区免费 | 亚洲综合精品一区二区三区中文 | 成人免费一级片 | 美国美女一级毛片免费全 | 91久国产在线观看 | 一级毛片aaaaaa视频免费看 | 亚洲小视频在线 | 91探花福利精品国产自产在线 | 午夜成人免费影院 | 六月丁香婷婷天天在线 | 亚洲在线播放视频 | 日韩精品999 | 亚洲欧美日韩国产vr在线观 | 免费一级特黄欧美大片勹久久网 | 午夜欧美在线 | 亚洲日本视频在线观看 | 毛片免费大全 |