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Oil falls due to the US dollar and crude
Business & Finance Wednesday , May 10 , 201 7
Oil prices fell Tuesday negatively affected by concern about slowing demand and rising US dollar and an increase in crude production in the United States shook investor confidence in OPEC 's ability to re - market budget.
Ended International benchmark Brent crude contracts for the nearest low trading session 61 cents maturity or the equivalent of 1.24 percent recorded at the settlement of $ 48.73 a barrel, while US Brent crude contracts for WTI fell 55 cents or 1.21 percent to $ 45.88.
This is the lowest close for decades already allocated indices levels since the fourth of May and the second lowest level since the twenty - ninth of November , the day before the OPEC agreement on reductions in production the first half of 2017. The
dollar rose more than 1 percent against a basket of major currencies since the beginning of the week , its highest level since April 21, putting pressure on commodities denominated in US currency.
And it is looking forward to the latest data of US crude inventories, which will be issued later from the American Petroleum Institute and Wednesday from the Energy Information Administration markets.
http://www.skypressiq.net/2017/5/10/%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%8A%D9%87%D8%A8%D8%B7-%D8%A8%D9%81%D8%B9%D9%84-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%88%D8%A7%D9%84%D8%AE%D8%A7%D9%85-%D8%A7%D9%84%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D9%8A
Business & Finance Wednesday , May 10 , 201 7
Oil prices fell Tuesday negatively affected by concern about slowing demand and rising US dollar and an increase in crude production in the United States shook investor confidence in OPEC 's ability to re - market budget.
Ended International benchmark Brent crude contracts for the nearest low trading session 61 cents maturity or the equivalent of 1.24 percent recorded at the settlement of $ 48.73 a barrel, while US Brent crude contracts for WTI fell 55 cents or 1.21 percent to $ 45.88.
This is the lowest close for decades already allocated indices levels since the fourth of May and the second lowest level since the twenty - ninth of November , the day before the OPEC agreement on reductions in production the first half of 2017. The
dollar rose more than 1 percent against a basket of major currencies since the beginning of the week , its highest level since April 21, putting pressure on commodities denominated in US currency.
And it is looking forward to the latest data of US crude inventories, which will be issued later from the American Petroleum Institute and Wednesday from the Energy Information Administration markets.
http://www.skypressiq.net/2017/5/10/%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%8A%D9%87%D8%A8%D8%B7-%D8%A8%D9%81%D8%B9%D9%84-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%88%D8%A7%D9%84%D8%AE%D8%A7%D9%85-%D8%A7%D9%84%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D9%8A
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