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High oil prices
1/5/2016 0:00
Capitals - Agencies
Oil prices jumped more than two percent in the first hours dealing during 2016 because of tensions between Saudi Arabia and Iran.
The price of a barrel of oil light «light sweet infraction,» for delivery in February 48 cents to $ 37.52 a barrel in electronic trading in Asia.
Jumped price of Brent crude more than 2.5 percent and more than a dollar to reach a high level in the morning, reaching 38.50 dollars a barrel on Monday before falling to $ 38.28 at 0136 GMT.
The contract rose US crude West Texas Intermediate 76 cents or 2.05 percent to $ 37.80 a barrel. Despite this jump, the low oil prices by two-thirds since the mid-2014 as a result of the huge surplus of supply at a time when producers are pumping between 0.5 and two million barrels a day more than the actual demand. It comes the rise in oil prices the day after Riyadh's decision to cut diplomatic ties with Tehran in response to the demonstrators burned the embassy and consulate Saudetyn in Iran as part of the popular and official IRNA violent protests against the execution of Saudi cleric Nimr. He said Bernard Ao analyst at «IG Markets» in Singapore: The Asian markets react with fears that geopolitical tensions in the Middle East lead to the threat of oil supplies. But in spite of this rise is expected to be black gold prices remain low because of abundant supply, a factor that led to the fall in oil prices from a hundred dollars in June 2014 to less than forty dollars.
http://www.alsabaah.iq/ArticleShow.aspx?ID=107612
1/5/2016 0:00
Capitals - Agencies
Oil prices jumped more than two percent in the first hours dealing during 2016 because of tensions between Saudi Arabia and Iran.
The price of a barrel of oil light «light sweet infraction,» for delivery in February 48 cents to $ 37.52 a barrel in electronic trading in Asia.
Jumped price of Brent crude more than 2.5 percent and more than a dollar to reach a high level in the morning, reaching 38.50 dollars a barrel on Monday before falling to $ 38.28 at 0136 GMT.
The contract rose US crude West Texas Intermediate 76 cents or 2.05 percent to $ 37.80 a barrel. Despite this jump, the low oil prices by two-thirds since the mid-2014 as a result of the huge surplus of supply at a time when producers are pumping between 0.5 and two million barrels a day more than the actual demand. It comes the rise in oil prices the day after Riyadh's decision to cut diplomatic ties with Tehran in response to the demonstrators burned the embassy and consulate Saudetyn in Iran as part of the popular and official IRNA violent protests against the execution of Saudi cleric Nimr. He said Bernard Ao analyst at «IG Markets» in Singapore: The Asian markets react with fears that geopolitical tensions in the Middle East lead to the threat of oil supplies. But in spite of this rise is expected to be black gold prices remain low because of abundant supply, a factor that led to the fall in oil prices from a hundred dollars in June 2014 to less than forty dollars.
http://www.alsabaah.iq/ArticleShow.aspx?ID=107612
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