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High oil prices, ignoring increasing gas stocks
2017/03/10 | 12:22
(Encyclopedia of the Day News | Iraq News ) - directly: Oil prices rose on Friday to compensate part of the losses during the week 's sessions, which reached a rate of more than 7%, and ignoring higher US gas stocks.
By 08:30 GMT, the global London Brent crude contracts recorded a rise by 0.34%; the equivalent of 18 cents, reaching 52.37 dollars.
It rose US Brent crude contracts for West Texas Intermediate 19 cents, up 39%, to $ 49.47 dollars a barrel.
Brent crude fell by 7% during the last three sessions of the level of 56.01 to $ 52.19 in Thursday's session, while US crude Nymex fell by 7.4% their last four sessions at $ 49.28 a barrel.
Said Mohammed Zaidan upon Thank Markets commodity and currency analyst, said that the markets fear of commitment agreement to cut output by oil producers outside OPEC members failed impacted negatively on the movement of oil.
Said Zidane's "direct" The negative impact on oil prices session today factors included rising US inventories and increased shale production, the strength of the dollar.
He continued commodity and currency analyst at Thank Markets: "These factors have led to selling session today and Thursday, thus breaking the pivotal support levels that were at -50.20 51.50 dollars a barrel."
He predicted Zidane enter the market in the short-term selling wave that could reach with price levels 47 and 45 dollars a barrel.
It dropped natural gas inventories in the United States, during the week ending 2 March, exceeding analysts' expectations.
https://hathalyoum.net/articles/1253338-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%85%D8%AA%D8%AC%D8%A7%D9%87%D9%84%D8%A9-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D9%85%D8%AE%D8%B2%D9%88%D9%86%D8%A7%D8%AA-
By 08:30 GMT, the global London Brent crude contracts recorded a rise by 0.34%; the equivalent of 18 cents, reaching 52.37 dollars.
It rose US Brent crude contracts for West Texas Intermediate 19 cents, up 39%, to $ 49.47 dollars a barrel.
Brent crude fell by 7% during the last three sessions of the level of 56.01 to $ 52.19 in Thursday's session, while US crude Nymex fell by 7.4% their last four sessions at $ 49.28 a barrel.
Said Mohammed Zaidan upon Thank Markets commodity and currency analyst, said that the markets fear of commitment agreement to cut output by oil producers outside OPEC members failed impacted negatively on the movement of oil.
Said Zidane's "direct" The negative impact on oil prices session today factors included rising US inventories and increased shale production, the strength of the dollar.
He continued commodity and currency analyst at Thank Markets: "These factors have led to selling session today and Thursday, thus breaking the pivotal support levels that were at -50.20 51.50 dollars a barrel."
He predicted Zidane enter the market in the short-term selling wave that could reach with price levels 47 and 45 dollars a barrel.
It dropped natural gas inventories in the United States, during the week ending 2 March, exceeding analysts' expectations.
https://hathalyoum.net/articles/1253338-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%85%D8%AA%D8%AC%D8%A7%D9%87%D9%84%D8%A9-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D9%85%D8%AE%D8%B2%D9%88%D9%86%D8%A7%D8%AA-
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