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Oil prices fall again, despite OPEC's agreement
Date: 12/13/2016 10:55
Information / Baghdad ..
Oil prices fell on Tuesday as investors closed the financial positions that have benefited from the strong gains recorded by oil yesterday.
But traders said that demand from Asia and lower supplies from Abu Dhabi rise in the framework of an agreement to cut production organized by OPEC and other producers off and landing without further price.
By 0648 GMT, futures for crude International benchmark Brent crude fell to $ 55.65, a decline of four cents from the previous close.
It fell futures for WTI US mediator eight cents to $ 52.75 a barrel in the absence of the participation of US producers to cut production.
Traders said major operations for sale in order to profit-taking took place after oil rose to its highest level since mid-2015 earlier this week after he reached the Organization of the Petroleum Exporting Countries (OPEC), which is dominated by the Middle East countries and other exporters Russia led to an agreement to cut production by about 1.8 million barrels a day to reduce the excess supply and support prices.
But they added that the oil market is still supported by general agreement to cut production. Finished / 25 p.
http://almaalomah.info/2016/12/13/economic/112814
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