Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil prices fall amid fears of global recession and weak demand

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 269823
    Join date : 2012-12-21
    • Post n°1

    Oil prices fall amid fears of global recession and weak demand Empty Oil prices fall amid fears of global recession and weak demand

    Post by Rocky Sat 15 Oct 2022, 4:32 am

    [size=35][size=35]Oil prices fall amid fears of global recession and weak demand[/size]
    [You must be registered and logged in to see this link.]
    [/size]

    Economie

    [size][size]
    [You must be registered and logged in to see this link.][/size]
    2022-10-15 | 02:46
    [You must be registered and logged in to see this image.]


    [/size]

    Source:
    [You must be registered and logged in to see this link.]

    614 views


    Oil prices ended the week's trading on a strong decline, amid strong fears of a global recession and weak demand for oil, especially in China, which exceeded the support that prices received from the OPEC + production target, a significant reduction.



    During trading on Friday, Brent crude futures fell $2.94, or 3.1 percent, to settle at $91.63 a barrel, while US West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url] crude futures fell $3.50, or 3.9 percent, to $85.61.






    Both Brent and West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url] contracts fluctuated between high and low for most of the Friday session.

    Over the course of the week, Brent crude fell by 6.4 percent, while WTI fell by 7.6 percent.

    [You must be registered and logged in to see this link.] inflation in the US posted its biggest annual increase in 40 years, reinforcing views that interest rates will remain higher for longer with the risk of a global recession. The next US interest rate decision is due in early November.
    [rtl]Related Articles[/rtl]

    A survey showed that US consumer sentiment continued to improve steadily in October, but household inflation expectations eased slightly.

    The dollar index rose by about 0.8 percent. A stronger dollar reduces demand for oil by making fuel more expensive for buyers who use other currencies.

    On Thursday, the [url=https://www.alsumaria.tv/Entity/2512591487/%D8%A7%D9%84%D9%88%D9%83%D8%A7%D9%84%D8%A9 %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9 %D9%84%D9%84%D8%B7%D8%A7%D9%82%D8%A9/ar/]International Energy Agency[/url] lowered its forecast for oil demand for this year and next, warning of a possible global recession.

    The market is still absorbing a decision issued by the Organization of Petroleum Exporting Countries ([You must be registered and logged in to see this link.]) and its allies, in what is known as [You must be registered and logged in to see this link.] +, when they announced a cut of two million barrels per day from oil production targets.

    The [url=https://www.alsumaria.tv/Entity/2512591487/%D8%A7%D9%84%D9%88%D9%83%D8%A7%D9%84%D8%A9 %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9 %D9%84%D9%84%D8%B7%D8%A7%D9%82%D8%A9/ar/]International Energy Agency[/url] estimates that the lack of production among the countries of the group means the possibility of reducing production by one million barrels per day.

    Oil prices were also supported by a sharp decline in US distillate inventories, although US crude oil inventories are larger than expected.
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Fri 10 May 2024, 12:46 pm