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


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil prices stabilize at $ 55 a barrel as US production rises and OPEC cuts

    Rocky
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    Oil prices stabilize at $ 55 a barrel as US production rises and OPEC cuts Empty Oil prices stabilize at $ 55 a barrel as US production rises and OPEC cuts

    Post by Rocky Thu 13 Apr 2017, 5:54 am

    Oil prices stabilize at $ 55 a barrel as US production rises and OPEC cuts

    economy Since 2017-04-13 at 13:14 (Baghdad time)

    Follow Mawazine News
    Crude oil futures held steady on Thursday as the market's focus shifted between the rise in US production and production cuts by OPEC and other producers.
    By 0657 GMT, Brent crude oil futures were flat at $ 55.86 a barrel. Contracts rose to a one-month high of $ 56.65 on Wednesday before losing gains.
    US WTI futures fell six cents to $ 53.05 a barrel. The contracts hit their highest level since March 7 at $ 53.76 a barrel at the previous session.
    Traders focus on preliminary data for US production estimates in the US Energy Information Administration's weekly report indicating that domestic production is still rising. Inventories at the delivery center in Cushing, Oklahoma, increased 276,000 barrels in the week ending April 7, the report said.
    But the data showed an unexpected decline in total US crude inventories, which fell 2.2 million barrels last week, while imports fell 717 thousand barrels per day.
    Brent crude and West Texas Intermediate crude rose in recent sessions after reports that Saudi Arabia was pushing OPEC member states and some competitors to extend production cuts beyond June.


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