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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 rises with supply disruptions in Libya and the potential extension of the OPEC agreement

    Rocky
    Rocky
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    Oil rises with supply disruptions in Libya and the potential extension of the OPEC agreement Empty Oil rises with supply disruptions in Libya and the potential extension of the OPEC agreement

    Post by Rocky Wed 29 Mar 2017, 4:19 am

    Oil rises with supply disruptions in Libya and the potential extension of the OPEC agreement

    Date: 03/29/2017 11:11
    oil

    Information / Baghdad ..

    Oil prices on Wednesday boosted the gains made in the previous session, with the support of the faltering Libyan oil supplies and expectations of the extension of the agreement to cut production led by OPEC to the second half of this year.

    The contract rose the nearest month maturity of the global crude measurement Brent 29 cents, or about 0.6 percent to $ 51.62 a barrel by 0653 GMT.

    In the United States futures contracts for WTI rose 34 cents median equivalent to 0.7 percent to $ 48.71 a barrel.

    A source in the National Oil Corporation in Libya, told Reuters on Tuesday that crude production disruption in the fields of spark and meet in western Libya because of protests by gunmen, reducing production by 252 thousand barrels per day.

    He said Greg McKenna senior market analyst at the brokerage tog Trader to find supplies from Libya, "along with Iran's oil minister's statement that there was a possibility to extend production cuts agreement helped the rise in crude oil prices in foreign markets."

    It agreed the Organization of Petroleum Exporting Countries (OPEC) and some other producers, including Russia, to reduce production by 1.8 million barrels per day during the first half of this year to curb the oversupply of crude and pushing prices to climb. Finished / 25, p.

    http://almaalomah.info/2017/03/29/economic/143245

      Current date/time is Sat 13 Apr 2024, 10:09 am