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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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Brent crude below $ 50 with higher OPEC production again

rocky
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Join date : 2012-12-21

Brent crude below $ 50 with higher OPEC production again Empty Brent crude below $ 50 with higher OPEC production again

Post by rocky Wed 05 Jul 2017, 5:54 am

Brent crude below $ 50 with higher OPEC production again


05-07-2017 12:08 PM



under the global Brent crude blend «Brent» below $ 50 a barrel on Wednesday, succumbed to pressure from a further increase in «OPEC» supplies despite the organization pledged to cut production, but political tensions taking place in the Korean peninsula and the Middle East limited the losses.

The total crude futures for global measurement mix «Brent» to $ 49.60 a barrel, little changed from the previous close.

The futures fell for crude «WTI» US six cents to $ 47.02 a barrel.

Despite declines rose decades about 12 percent from the low levels Sjllagha on June 21 (last June), although crude prices were still below $ 50 a barrel.

And increased oil exports from the «Organization of Petroleum Exporting Countries» (OPEC) for the second month in June (last June), although the organization pledged to cut production in the period between January (January) this year and March 2018 to support prices.

Despite the abundance of supplies, traders say that prices did not decline because of global security threats after North Korea's repeated tests of missiles and political crisis between Qatar and Arab countries.

http://www.baghdadnews.info/index.php?page=article&id=23077

    Current date/time is Thu 08 Dec 2022, 8:06 pm