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Oil near the lowest level in 7 months
2017/06/15 | 11:31
(Encyclopedia of this Day News | Iraq News ) - Economy News _ Baghdad: Oil prices fell near the lowest level in seven months in early trading Thursday, affected by the rise in global stocks and doubts in OPEC 's ability to implement production cuts.
The total crude futures for global measurement of Brent crude to $ 46.92 a barrel by 06:43 GMT, down 8 cents from the close in the previous session, which fell in which about 4 percent.
It decreased futures WTI US median 14 cents to $ 44.58 a barrel.
The near Van Alkiesaan recorded levels in November 2016 when it was announced production cuts by the Organization of the Petroleum Exporting Countries , OPEC - led in a bid to support prices.
Brent crude fell West Texas and 12 percent compared with the opening price on May 25, when the agreement was extended to cut production to the end of the first quarter of next year , rather than the end of the agreement this month.
This is due to the fact that Nigeria and Libya , OPEC members were Aafahma from cuts, seen an increase in their output as undermining efforts led by Saudi Arabia.
At the same time , production jumped in the United States, which do not participate in the agreement, 10 percent during the last year to 9.33 million barrels per day.
https://hathalyoum.net/articles/1318469-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%82%D8%B1%D8%A8-%D8%A3%D8%AF%D9%86%D9%89-%D9%85%D8%B3%D8%AA%D9%88%D9%89-%D9%81%D9%8A-7-
2017/06/15 | 11:31
(Encyclopedia of this Day News | Iraq News ) - Economy News _ Baghdad: Oil prices fell near the lowest level in seven months in early trading Thursday, affected by the rise in global stocks and doubts in OPEC 's ability to implement production cuts.
The total crude futures for global measurement of Brent crude to $ 46.92 a barrel by 06:43 GMT, down 8 cents from the close in the previous session, which fell in which about 4 percent.
It decreased futures WTI US median 14 cents to $ 44.58 a barrel.
The near Van Alkiesaan recorded levels in November 2016 when it was announced production cuts by the Organization of the Petroleum Exporting Countries , OPEC - led in a bid to support prices.
Brent crude fell West Texas and 12 percent compared with the opening price on May 25, when the agreement was extended to cut production to the end of the first quarter of next year , rather than the end of the agreement this month.
This is due to the fact that Nigeria and Libya , OPEC members were Aafahma from cuts, seen an increase in their output as undermining efforts led by Saudi Arabia.
At the same time , production jumped in the United States, which do not participate in the agreement, 10 percent during the last year to 9.33 million barrels per day.
https://hathalyoum.net/articles/1318469-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%82%D8%B1%D8%A8-%D8%A3%D8%AF%D9%86%D9%89-%D9%85%D8%B3%D8%AA%D9%88%D9%89-%D9%81%D9%8A-7-
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