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Oil prices are recovering amid pressure to increase US production and reduce the production of OPEC
01/07/2017
Oil prices recovered when closed, Saturday, approaching again to $ 50 per barrel amid pressure to increase US production and reduce the production of OPEC.
Brent prices were at closed on Saturday 48.98 per barrel, up 1.35 dollars, or the equivalent of 2.83%, while US crude prices also recorded a rise to a $ 46.33 per barrel, an increase of $ 1.40 or equivalent to 3.12%, while OPEC prices hit US $ 45.36 per barrel .
And oil prices fluctuated during the past week between the ups and downs as a result of developments on increasing US production pressures and increasing US stocks on the one hand and the reduction of production of OPEC countries on the other.
The global oil supplies remain plentiful despite production cuts by the Organization of the process of Petroleum Exporting Countries, OPEC and some independent producers by 1.8 million barrels per day since January.
EST
http://aletejahtv.org/permalink/170751.html
01/07/2017
Oil prices recovered when closed, Saturday, approaching again to $ 50 per barrel amid pressure to increase US production and reduce the production of OPEC.
Brent prices were at closed on Saturday 48.98 per barrel, up 1.35 dollars, or the equivalent of 2.83%, while US crude prices also recorded a rise to a $ 46.33 per barrel, an increase of $ 1.40 or equivalent to 3.12%, while OPEC prices hit US $ 45.36 per barrel .
And oil prices fluctuated during the past week between the ups and downs as a result of developments on increasing US production pressures and increasing US stocks on the one hand and the reduction of production of OPEC countries on the other.
The global oil supplies remain plentiful despite production cuts by the Organization of the process of Petroleum Exporting Countries, OPEC and some independent producers by 1.8 million barrels per day since January.
EST
http://aletejahtv.org/permalink/170751.html
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