Falling oil due to the high number of rigs in America
Written by : by mohanad in:April 3, 2017In: Economic No Comments Print E - mail
Light News / Baghdad
signings oil futures prices fell in early trading in Asia Monday due to fears of abundant global supply of oil.
He noted the high number of rigs in the United States to increase US shale oil production while also led the rise of the dollar to the pressure on crude oil.
It fell futures contracts for WTI prices of US median five cents to $ 50.55 a barrel by 0012 GMT, after closing up 25 cents in the previous session.
Prices of futures contracts for Brent crude fell 11 cents to $ 53.42 a barrel. Closed March contracts in the previous session, down 13 cents at $ 52.83 a barrel.
http://alnoornews.net/archives/118368/%D9%87%D8%A8%D9%88%D8%B7-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A8%D8%B3%D8%A8%D8%A8-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%B9%D8%AF%D8%AF-%D8%A7%D9%84%D8%AD%D9%81%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A8%D8%A3/
Written by : by mohanad in:April 3, 2017In: Economic No Comments Print E - mail
Light News / Baghdad
signings oil futures prices fell in early trading in Asia Monday due to fears of abundant global supply of oil.
He noted the high number of rigs in the United States to increase US shale oil production while also led the rise of the dollar to the pressure on crude oil.
It fell futures contracts for WTI prices of US median five cents to $ 50.55 a barrel by 0012 GMT, after closing up 25 cents in the previous session.
Prices of futures contracts for Brent crude fell 11 cents to $ 53.42 a barrel. Closed March contracts in the previous session, down 13 cents at $ 52.83 a barrel.
http://alnoornews.net/archives/118368/%D9%87%D8%A8%D9%88%D8%B7-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A8%D8%B3%D8%A8%D8%A8-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%B9%D8%AF%D8%AF-%D8%A7%D9%84%D8%AD%D9%81%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A8%D8%A3/
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