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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

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Oil continues to decline due to US stocks

rocky
rocky
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Posts : 225199
Join date : 2012-12-21

Oil continues to decline due to US stocks Empty Oil continues to decline due to US stocks

Post by rocky Wed 14 Jun 2017, 7:47 am

Oil continues to decline due to US stocks


13:51 - 14/06/2017


Oil prices fell on Wednesday after an increase in US crude inventories data showed, while the Organization of the Petroleum Exporting Countries (OPEC) high production despite its pledge downwards.

The Inn International benchmark Brent crude futures 45 cents to $ 48.27 a barrel. The futures fell US crude 50 cents to $ 45.96 a barrel.

And crude prices fell by more than ten percent since late May affected Ptkhmh continuous supply despite the move led OPEC to cut production by 1.8 million barrels per day until the end of the first quarter of next year.

There were doubts about the commitment of OPEC to cut production, the organization said in a report this week that its production increased by 336 thousand barrels per day in May to 32.14 million barrels per day.

Data from the American Petroleum Institute showed on Tuesday that US crude inventories rose 2.8 million barrels in the week ending on the ninth of June, to 511.4 million barrels, compared with expectations of a decline of 2.7 million barrels. Finished / 25

http://www.almaalomah.com/2017/06/14/167174/

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