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Oil falls from the highest level in 5 weeks
11/04/2017
Crude oil prices dropped from their highest levels in five weeks on Tuesday with a rise in US shale oil production to overshadow concerns associated with geopolitical tensions in the Middle East and current production cuts aimed at supporting prices.
The decline in the global London Brent crude 20 cents or 0.36 percent from the previous closing price to $ 55.78 a barrel. Brent jumped to its highest level since the seventh of March at $ 56.16 a barrel.
The West Texas crude fell US median 15 cents , or 0.3 percent , to $ 52.93 a barrel after hitting its highest level in five weeks at $ 53.23 a barrel.
Brent climbed in each of the previous six sessions , while US crude has risen over the past five days.
And it pledged the Organization of the Petroleum Exporting Countries (OPEC) and some of the top producers abroad to cut production by 1.8 million barrels per day in the first six months of 2017 to get rid of excess supply.
http://aletejahtv.org/permalink/159369.html
11/04/2017
Crude oil prices dropped from their highest levels in five weeks on Tuesday with a rise in US shale oil production to overshadow concerns associated with geopolitical tensions in the Middle East and current production cuts aimed at supporting prices.
The decline in the global London Brent crude 20 cents or 0.36 percent from the previous closing price to $ 55.78 a barrel. Brent jumped to its highest level since the seventh of March at $ 56.16 a barrel.
The West Texas crude fell US median 15 cents , or 0.3 percent , to $ 52.93 a barrel after hitting its highest level in five weeks at $ 53.23 a barrel.
Brent climbed in each of the previous six sessions , while US crude has risen over the past five days.
And it pledged the Organization of the Petroleum Exporting Countries (OPEC) and some of the top producers abroad to cut production by 1.8 million barrels per day in the first six months of 2017 to get rid of excess supply.
http://aletejahtv.org/permalink/159369.html
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