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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Oil prices jump and the IEA expects a deficit in the first half after OPEC cut

    Rocky
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    Oil prices jump and the IEA expects a deficit in the first half after OPEC cut Empty Oil prices jump and the IEA expects a deficit in the first half after OPEC cut

    Post by Rocky Thu 16 Mar 2017, 5:38 am

    Oil prices jump and the IEA expects a deficit in the first half after OPEC cut



    The news agency Buratha 101  03/16/2017


    Oil prices jumped more than a dollar on Wednesday, supported by a surprise drop in US crude stocks and data from the International Energy Agency show that OPEC production cut may be forcing the oil market into a deficit in the first half of 2017.

    The agency said in its monthly report "for those who are looking to restore the oil market balance, the message is that they must be patient and abide by the calm."

    Increased crude futures for International benchmark Brent crude more than a dollar on Tuesday's close, and by 1137 GMT, Brent rose 92 cents to $ 51.84 a barrel, after falling to US $ 50.25 during trading the previous session, its lowest level in three months.

    Rose WTI US mediator 99 cents to $ 48.71 a barrel after also rose by more than a dollar during the day, US crude fell yesterday to $ 47.09, its lowest level since November.

    The International Energy Agency said global oil inventories rose in January for the first time in six months, despite the entry into force OPEC cut production of the first of the same month.

    But made it clear that if OPEC continued to restrict supplies, the market could see a deficit of 500 thousand barrels per day in the first half of 2017.

    http://burathanews.com/arabic/economic/314554

      Current date/time is Thu 28 Mar 2024, 7:40 pm