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High oil prices during the day with expectations of a decline in US stocks
December 20 2017 10:54 p
December 20 2017 10:54 p
[rtl][rtl]High oil prices - archival[/rtl]
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Oil prices rose on Wednesday, with expectations of a decline in US stocks, ahead of the release of data from the Energy Information Administration.
By 7:10 am GMT, the price of Brent crude was up $ 63.98 a barrel by 0.3%.
The price of NYMEX crude futures rose by about 0.3% to $ 57.75 a barrel.
Later in the day, US Energy Inventories data are due to be released.
The US Petroleum Institute announced yesterday that stocks are expected to fall by 5.2 million barrels in the week ended December 15 to 438.7 million barrels.
Al-Rawd also received support from the continued disruption of the main pipeline in the North Sea, which could last for weeks, to reduce supply and support the price of crude.
http://www.thebaghdadpost.com/ar/story/72150/%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%AE%D9%84%D8%A7%D9%84-%D8%AA%D8%B9%D8%A7%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%8A%D9%88%D9%85-%D9%85%D8%B9-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA-%D8%A8%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D8%A7%D9%84%D9%85%D8%AE%D8%B2%D9%88%D9%86-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A[/rtl]
[/rtl]
Baghdad Post
[rtl]Oil prices rose on Wednesday, with expectations of a decline in US stocks, ahead of the release of data from the Energy Information Administration.
By 7:10 am GMT, the price of Brent crude was up $ 63.98 a barrel by 0.3%.
The price of NYMEX crude futures rose by about 0.3% to $ 57.75 a barrel.
Later in the day, US Energy Inventories data are due to be released.
The US Petroleum Institute announced yesterday that stocks are expected to fall by 5.2 million barrels in the week ended December 15 to 438.7 million barrels.
Al-Rawd also received support from the continued disruption of the main pipeline in the North Sea, which could last for weeks, to reduce supply and support the price of crude.
http://www.thebaghdadpost.com/ar/story/72150/%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%AE%D9%84%D8%A7%D9%84-%D8%AA%D8%B9%D8%A7%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%8A%D9%88%D9%85-%D9%85%D8%B9-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA-%D8%A8%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D8%A7%D9%84%D9%85%D8%AE%D8%B2%D9%88%D9%86-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A[/rtl]
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