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Oil prices approaching $ 55 a barrel
Date: 12/28/2016 11:46
Information / Baghdad ..
Wednesday, at a time when the market looking forward to see how the implementation will go Organization of Petroleum Exporting Countries oil prices dropped (OPEC) and producers outside of the planned cut in production at the beginning of the new year.
It was trading global London Brent crude futures, down seven cents, or about 0.12 percent to $ 56.02 a barrel at 0722 GMT, after closing the previous session at an altitude of 93 cents.
It fell WTI US mediator by eight cents to $ 53.82 a barrel after settlement took place at an altitude of 88 cents at $ 53.90 a barrel in the previous session.
It is expected that dealings remain thin this week before the holiday beginning of the new year.
The market awaits the official start of the implementation of the historic agreement between OPEC and a number of independent producers on reducing production. It is scheduled to begin implementation of the agreement on the first of January.
It is expected to reduce the producers inside and outside OPEC production by about 1.8 million barrels per day, while Saudi Arabia has agreed's largest producer in Oopk- to withstand the lion's share of this reduction. Finished / 25
http://almaalomah.info/2016/12/28/economic/116937
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