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[ltr][rtl]History[/rtl] of [rtl]edits:: 2017/1/7 10:54 • 135 visits readable[/rtl][/ltr]
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[Where - Follow-up]
Oil rose slightly due to the growing popularity of buying futures contracts for crude ends week on a limited gains by the rise of the dollar and doubts about OPEC producers commitment to the agreement of the private organization to cut production.
The futures rose to global crude measurement Brent 21 cents to $ 57.10 a barrel in after-driven settlement in the range 56.28 to $ 57.47 a barrel, and achieved a decade's earnings for the second week in a row.
And it increased futures for WTI US mediator in the settlement 23 cents to $ 53.99 a barrel, after trading in a range of 53.32 to $ 54.32 a barrel.
The dollar rose generally against major currencies after that showed the jobs report non-farm US slowdown in hiring in December and an increase in wages than the economy puts on a growth path and further raise interest rates by the Federal Reserve [Fed].
The rising dollar makes oil more expensive for holders of other currencies.
While Saudi Arabia's biggest showed oil exporter in the world and Gulf allies Kuwait and Abu Dhabi signals a commitment to reduce production agreement reached by the OPEC and other producers, the market watchers Taatarihm doubts about the compliance of all producers.
Any signs that the producers will not carry out the royal family could lead to a decline in morale and thus lower prices strongly as Capital Economics said in a note.
And it increased the number of American energy companies drilling oil rigs for the tenth consecutive week the total number of rigs to rise to the 529 platform, the highest level since December 2015 as Baker Hughes energy services company reported on Friday.
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Oil rises and buyers are cautious amid the rise of the dollar and concerns about OPEC output cut
[/ltr][ltr][rtl]History[/rtl] of [rtl]edits:: 2017/1/7 10:54 • 135 visits readable[/rtl][/ltr]
[ltr]
[Where - Follow-up]
Oil rose slightly due to the growing popularity of buying futures contracts for crude ends week on a limited gains by the rise of the dollar and doubts about OPEC producers commitment to the agreement of the private organization to cut production.
The futures rose to global crude measurement Brent 21 cents to $ 57.10 a barrel in after-driven settlement in the range 56.28 to $ 57.47 a barrel, and achieved a decade's earnings for the second week in a row.
And it increased futures for WTI US mediator in the settlement 23 cents to $ 53.99 a barrel, after trading in a range of 53.32 to $ 54.32 a barrel.
The dollar rose generally against major currencies after that showed the jobs report non-farm US slowdown in hiring in December and an increase in wages than the economy puts on a growth path and further raise interest rates by the Federal Reserve [Fed].
The rising dollar makes oil more expensive for holders of other currencies.
While Saudi Arabia's biggest showed oil exporter in the world and Gulf allies Kuwait and Abu Dhabi signals a commitment to reduce production agreement reached by the OPEC and other producers, the market watchers Taatarihm doubts about the compliance of all producers.
Any signs that the producers will not carry out the royal family could lead to a decline in morale and thus lower prices strongly as Capital Economics said in a note.
And it increased the number of American energy companies drilling oil rigs for the tenth consecutive week the total number of rigs to rise to the 529 platform, the highest level since December 2015 as Baker Hughes energy services company reported on Friday.
https://translate.google.com/translate?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.alliraqnews.com/modules/news/article.php%3Fstorytopic%3D41%26storyid%3D21752[/ltr]
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