Saturday 6 June 2020 ,
Latest News
Bangladesh reports 2,635 new coronavirus cases, 35 deaths in 24hrs | Bangladesh reports 2,635 new coronavirus cases, 35 deaths in 24hrs | Sixth death anniversary of Mahbubul Alam today | Bangladesh reports 2,828 new coronavirus cases, 30 deaths on Friday | Coronaviorus Bangladesh: 643 more recover as taking the total number of recoveries to 12,804 | Coronavirus cases in Bangladesh exceed 60,000; total cases reach to 60,391 as death toll now 811 | Nagad slashes transaction ceiling to get BB nod | Foreign currency reserve, annual remittances hit record highs | US protest: Trump sparks controversy saying 'great day' for George Floyd | Coronavirus Hotline Numbers: 01944333222, 16263, 333; website: www.corona.gov.bd |
18 September, 2019 00:00 00 AM

Print

OIL PRICES RETREAT AFTER RECORD GAINS

AFP, London

Oil prices fell yesterday but held most of the previous day's record gains that were fuelled by an attack on Saudi facilities that wiped out half the country's crude output.

Traders were nervously awaiting further US response after it said Iran was likely to blame. The crisis revived fears of a conflict in the tinderbox Gulf region and raised questions about the security of crude fields in the world's top exporter

Saudi Arabia as well as other producers.

It has also taken attention away from the upcoming trade talks between China and the US, as well as a much-anticipated policy meeting of the Federal Reserve, which is expected to cut interest rates Wednesday.

"Oil prices have settled in the wake of Monday's 20-percent spike caused by a drone attack on a major Saudi Arabian refinery but (shares in) oil companies and utilities continue to trade higher," noted Fiona Cincotta, senior market analyst at City Index trading group.

 

.

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 47.3%
No 48.7%
No Comment 4.1%
Most Viewed
E-Paper
More Business stories
Bangladesh Railway losing Tk 4-5cr every day Bangladesh Railway is losing Tk 4-5 crore in revenue every day following the suspension of all train services across the country amid the coronavirus outbreak. On March 24, the government suspended all…

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting