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[ltr]Lower oil prices on surging dollar[/ltr]
Since 05.14.2016 at 08:38 (Baghdad time)
[ltr]
[/ltr]
[ltr]Follow-up - the balance of News[/ltr]
[ltr]Oil prices fell after a rally that lasted three Oaam- on surging dollar and as investors lock in gains in recent profits, but crude has risen during the entire week, supported by the idleness of supply in Nigeria, where shrinking production there to its lowest level in 22 years, and the disruption of Canadian supply due to the fires in oil sands area.[/ltr]
[ltr]The dollar reached its highest level in two weeks against a basket of major currencies, supported by expectations that raises the Fed (US central bank) interest rates again.[/ltr]
[ltr]The record production of OPEC highest level since at least 2008 to reach 32.44 million barrels per day in April, an increase of 188 thousand barrels per day from March, according to a report of the organization. The organization pointed out that the oversupply plaguing the market for about two years, may increase in the current year.[/ltr]
[ltr]Brent crude was down 25 cents at the settlement to $ 47.83 a barrel, while US crude ended trading down 49 cents to $ 46.21 a barrel.[/ltr]
[ltr]During the week , Brent jumped 5.2 percent, while US crude rose 3.4 percent. Ended 29/4 e[/ltr]
[ltr]https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
[/ltr]
Since 05.14.2016 at 08:38 (Baghdad time)
[ltr]
[/ltr][ltr]Follow-up - the balance of News[/ltr]
[ltr]Oil prices fell after a rally that lasted three Oaam- on surging dollar and as investors lock in gains in recent profits, but crude has risen during the entire week, supported by the idleness of supply in Nigeria, where shrinking production there to its lowest level in 22 years, and the disruption of Canadian supply due to the fires in oil sands area.[/ltr]
[ltr]The dollar reached its highest level in two weeks against a basket of major currencies, supported by expectations that raises the Fed (US central bank) interest rates again.[/ltr]
[ltr]The record production of OPEC highest level since at least 2008 to reach 32.44 million barrels per day in April, an increase of 188 thousand barrels per day from March, according to a report of the organization. The organization pointed out that the oversupply plaguing the market for about two years, may increase in the current year.[/ltr]
[ltr]Brent crude was down 25 cents at the settlement to $ 47.83 a barrel, while US crude ended trading down 49 cents to $ 46.21 a barrel.[/ltr]
[ltr]During the week , Brent jumped 5.2 percent, while US crude rose 3.4 percent. Ended 29/4 e[/ltr]
[ltr]https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
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