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Oil rises above $ 50 a barrel
12:08 - 11/05/2017
Oil prices rose nearly one percent on Thursday, Brent strengthens its position above $ 50 a barrel due to a decline in US fuel inventories and larger than expected cut in Saudi Arabia supplies to Asia.
At 0648 GMT, futures recorded a crude global measurement Brent 50.68 dollars a barrel, 46 cents higher, equivalent to 0.9 percent from the previous close.
Recorded futures contracts for WTI 47.82 dollars, up 49 cents, or one percent from the previous settlement.
He said Greg chief market analyst at the McKenna tog Trader of brokerage futures, "we have seen last week, the biggest drop in inventories for the year, falling more than five million barrels. It seems that OPEC cut production finally began to affect. " Finished / 25
http://www.almaalomah.com/2017/05/11/156646/
12:08 - 11/05/2017
Oil prices rose nearly one percent on Thursday, Brent strengthens its position above $ 50 a barrel due to a decline in US fuel inventories and larger than expected cut in Saudi Arabia supplies to Asia.
At 0648 GMT, futures recorded a crude global measurement Brent 50.68 dollars a barrel, 46 cents higher, equivalent to 0.9 percent from the previous close.
Recorded futures contracts for WTI 47.82 dollars, up 49 cents, or one percent from the previous settlement.
He said Greg chief market analyst at the McKenna tog Trader of brokerage futures, "we have seen last week, the biggest drop in inventories for the year, falling more than five million barrels. It seems that OPEC cut production finally began to affect. " Finished / 25
http://www.almaalomah.com/2017/05/11/156646/
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