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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 is up to $ 46.93 a barrel but the market is still under pressure

rocky
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Oil is up to $ 46.93 a barrel but the market is still under pressure Empty Oil is up to $ 46.93 a barrel but the market is still under pressure

Post by rocky Mon 10 Jul 2017, 5:45 am

Oil is up to $ 46.93 a barrel but the market is still under pressure

economy  Since 2017-07-10 at 11:33 (Baghdad time)

Follow up of Mawazine News
Oil prices offset some of its losses on Monday after falling 3 percent in the previous session but markets are still under pressure from rising drilling activity in the United States and abundant supplies from OPEC producers.
London Brent crude <LCOc1> was up 22 cents, or 0.47 percent, from $ 46.93 a barrel at 0633 GMT.
US crude <LCOc1> was $ 44.42 a barrel, up 18 cents, or 0.43 percent.
Traders said price hikes were due to capture of buying opportunities following a sharp drop on Friday, but added that the market remained generally weak.
Brent prices were down 17 percent from the start of 2017 despite an agreement by the Organization of the Petroleum Exporting Countries (OPEC) to cut output in January.

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