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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 rises but it is heading for the worst performance in the first half of any year since two decade

rocky
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Oil rises but it is heading for the worst performance in the first half of any year since two decade Empty Oil rises but it is heading for the worst performance in the first half of any year since two decade

Post by rocky Fri 23 Jun 2017, 11:03 am

Oil rises but it is heading for the worst performance in the first half of any year since two decades


23/06/2017


Oil rose on Friday, recouping some of the sharp losses suffered earlier this week, but crude is still heading to record the biggest drop in the first half of any year since 20 years, despite the current production cuts.

By 0647 GMT, the global London Brent crude futures stood at US $ 45.33 a barrel, up 11 cents, or 0.2 percent from the previous closing price.

The increased crude West Texas Intermediate US futures nine cents, or 0.2 percent, to $ 42.83 a barrel.

Oil prices have fallen about 20 percent since the beginning of the year, despite efforts led by the Organization of Petroleum Exporting Countries (OPEC) to cut production 1.8 million barrels per day since last January.

This is the weakest performance of oil in the first half of any year since 1997, when increased production has led the Asian financial crisis to sharp declines in crude prices.

Prices are still low also about 15 percent since OPEC was extended on 25 May work production cuts until the end of the first quarter of 2018 rather than the expiration of the agreement the cut end of the month.

http://aletejahtv.org/permalink/170036.html

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