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Brent crude below $ 50 with higher OPEC production again
05-07-2017 12:08 PM
under the global Brent crude blend «Brent» below $ 50 a barrel on Wednesday, succumbed to pressure from a further increase in «OPEC» supplies despite the organization pledged to cut production, but political tensions taking place in the Korean peninsula and the Middle East limited the losses.
The total crude futures for global measurement mix «Brent» to $ 49.60 a barrel, little changed from the previous close.
The futures fell for crude «WTI» US six cents to $ 47.02 a barrel.
Despite declines rose decades about 12 percent from the low levels Sjllagha on June 21 (last June), although crude prices were still below $ 50 a barrel.
And increased oil exports from the «Organization of Petroleum Exporting Countries» (OPEC) for the second month in June (last June), although the organization pledged to cut production in the period between January (January) this year and March 2018 to support prices.
Despite the abundance of supplies, traders say that prices did not decline because of global security threats after North Korea's repeated tests of missiles and political crisis between Qatar and Arab countries.
http://www.baghdadnews.info/index.php?page=article&id=23077
05-07-2017 12:08 PM
under the global Brent crude blend «Brent» below $ 50 a barrel on Wednesday, succumbed to pressure from a further increase in «OPEC» supplies despite the organization pledged to cut production, but political tensions taking place in the Korean peninsula and the Middle East limited the losses.
The total crude futures for global measurement mix «Brent» to $ 49.60 a barrel, little changed from the previous close.
The futures fell for crude «WTI» US six cents to $ 47.02 a barrel.
Despite declines rose decades about 12 percent from the low levels Sjllagha on June 21 (last June), although crude prices were still below $ 50 a barrel.
And increased oil exports from the «Organization of Petroleum Exporting Countries» (OPEC) for the second month in June (last June), although the organization pledged to cut production in the period between January (January) this year and March 2018 to support prices.
Despite the abundance of supplies, traders say that prices did not decline because of global security threats after North Korea's repeated tests of missiles and political crisis between Qatar and Arab countries.
http://www.baghdadnews.info/index.php?page=article&id=23077
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