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[rtl]History of edits:: 12.5.2016 9:07 • 167 visits readable[/rtl]
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{International: Euphrates News} Oil prices fell at rates approaching 1%, on Monday, because of the confusion in the US market on the back of producing countries, an agreement to reduce production starting from early next year.
Futures were trading for Brent at $ 53.89 a barrel, down 57 cents, an increase ofslightly more than 1% from the last price.
The price fell Texas Intermediate crude futures 52 cents, to $ 51.49.
He says traders that "low prices caused by increased production, with market instability in the period between producers agreement last Wednesday, and began this agreement into force in January 2017.
It aims to cut output to contain the oil surplus in the market, which led to the collapse of prices for more than half over the agreement two years Almadian.anthy
http://alforatnews.com/modules/news/article.php?storyid=133873
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Oil falls as a result of market confusion after the "agreement."
[/rtl][rtl]History of edits:: 12.5.2016 9:07 • 167 visits readable[/rtl]
{International: Euphrates News} Oil prices fell at rates approaching 1%, on Monday, because of the confusion in the US market on the back of producing countries, an agreement to reduce production starting from early next year.
Futures were trading for Brent at $ 53.89 a barrel, down 57 cents, an increase ofslightly more than 1% from the last price.
The price fell Texas Intermediate crude futures 52 cents, to $ 51.49.
He says traders that "low prices caused by increased production, with market instability in the period between producers agreement last Wednesday, and began this agreement into force in January 2017.
It aims to cut output to contain the oil surplus in the market, which led to the collapse of prices for more than half over the agreement two years Almadian.anthy
http://alforatnews.com/modules/news/article.php?storyid=133873
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