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Brent falls at the lowest level in 5 months
Date: 05/05/2017 .
Paid a glut of crude oil supply concerns in global markets on Friday, Brent prices fall to their lowest levels in more than five months.
And waiting for crude oil markets around the world, any positive indicators raise their prices above the $ 50 barrier, especially keep about two months to the end of the production cut agreement.
Members have begun in the "OPEC" and independent producers, the beginning of this year, officially cut production by 1.2 million barrels and 558 thousand barrels per day, respectively, for a period of 6 months ending in June next, in an attempt to stabilize global oil markets.
And held members of the Organization of Petroleum Exporting Countries "OPEC", on the 25th of this month, a meeting to approve the possibility of extending the reduction of production an additional 6 months agreement.
By the time (5:33 GMT) dropped the price of a barrel crude global measurement Brent July delivery rose 2.3% to $ 47.27 a barrel, down from Thursday's close of $ 48.38 price.
The last time recorded oil prices, a lower barrier of $ 48 a barrel, on November 30 / November last, so hours before members of the "OPEC" to cut production agreement.
The Joint Ministerial Committee of the Organization of Petroleum Exporting Countries "OPEC" recommended, producers and non-members during its last meeting in Kuwait in March / last March, the extension of the global agreement to cut oil production for an additional six months. It ended 25 m
http://almaalomah.info/2017/05/05/economic/152980
Date: 05/05/2017 .
Paid a glut of crude oil supply concerns in global markets on Friday, Brent prices fall to their lowest levels in more than five months.
And waiting for crude oil markets around the world, any positive indicators raise their prices above the $ 50 barrier, especially keep about two months to the end of the production cut agreement.
Members have begun in the "OPEC" and independent producers, the beginning of this year, officially cut production by 1.2 million barrels and 558 thousand barrels per day, respectively, for a period of 6 months ending in June next, in an attempt to stabilize global oil markets.
And held members of the Organization of Petroleum Exporting Countries "OPEC", on the 25th of this month, a meeting to approve the possibility of extending the reduction of production an additional 6 months agreement.
By the time (5:33 GMT) dropped the price of a barrel crude global measurement Brent July delivery rose 2.3% to $ 47.27 a barrel, down from Thursday's close of $ 48.38 price.
The last time recorded oil prices, a lower barrier of $ 48 a barrel, on November 30 / November last, so hours before members of the "OPEC" to cut production agreement.
The Joint Ministerial Committee of the Organization of Petroleum Exporting Countries "OPEC" recommended, producers and non-members during its last meeting in Kuwait in March / last March, the extension of the global agreement to cut oil production for an additional six months. It ended 25 m
http://almaalomah.info/2017/05/05/economic/152980
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