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Oil prices fall affected by fears of oversupply
BAGHDAD (Reuters) -
Oil prices fell, Aleomalkhamis, where futures fell for Brent crude to less than $ 50 a barrel, with the continued oversupply in the fuel markets, although the tension in the Middle East and the decline in US stocks ahead with some support for prices.
Global fell London Brent crude futures up 17 cents, or about 0.3 percent to $ 49.95 a barrel.
Brent lost about eight percent since May 25, when the Organization of the Petroleum Exporting Countries agreed (OPEC) and independent producers to extend crude production cuts until the end of the first quarter of next year.
The Inn West Texas Intermediate crude futures up 17 cents or 0.3 percent to $ 48.02 a barrel, crude fell by more than six percent since 25 / May.
http://www.aljournal.com/%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%AA%D9%87%D8%A8%D8%B7-%D9%85%D8%AA%D8%A3%D8%AB%D8%B1%D8%A9-%D8%A8%D9%85%D8%AE%D8%A7%D9%88%D9%81-%D8%AA%D8%AE%D9%85%D8%A9-%D8%A7%D9%84/
BAGHDAD (Reuters) -
Oil prices fell, Aleomalkhamis, where futures fell for Brent crude to less than $ 50 a barrel, with the continued oversupply in the fuel markets, although the tension in the Middle East and the decline in US stocks ahead with some support for prices.
Global fell London Brent crude futures up 17 cents, or about 0.3 percent to $ 49.95 a barrel.
Brent lost about eight percent since May 25, when the Organization of the Petroleum Exporting Countries agreed (OPEC) and independent producers to extend crude production cuts until the end of the first quarter of next year.
The Inn West Texas Intermediate crude futures up 17 cents or 0.3 percent to $ 48.02 a barrel, crude fell by more than six percent since 25 / May.
http://www.aljournal.com/%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%AA%D9%87%D8%A8%D8%B7-%D9%85%D8%AA%D8%A3%D8%AB%D8%B1%D8%A9-%D8%A8%D9%85%D8%AE%D8%A7%D9%88%D9%81-%D8%AA%D8%AE%D9%85%D8%A9-%D8%A7%D9%84/
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