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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 prices settle at $ 48 a barrel

rocky
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Oil prices settle at $ 48 a barrel Empty Oil prices settle at $ 48 a barrel

Post by rocky Tue 18 Jul 2017, 4:24 am

Oil prices settle at $ 48 a barrel


11:27 - 18/07/2017


Characterized by trading in the oil markets cautious on Tuesday to receive price support enhances demand but with exposure to pressure from the continuing rise in supplies from OPEC and the United States organization.

The total crude futures for global measurement Brent 48.39 dollars a barrel to go down three cents from the previous close to it.

It fell futures for WTI US median four cents to $ 45.98 a barrel.

In a sign of strong demand, data on Monday showed that refiners in China increased crude consumption in June to the second highest level ever.

But oil markets suffer from excess supply since 2014, resulting in lower prices by 50 percent since then.

Did not result in an agreement, entered into by the Organization of the Petroleum Exporting Countries (OPEC) with Russia and other producers are not members of the cartel to cut supplies about 1.8 million barrels per day in the period between January of this year and March 2018, so far about the scarcity of the market and high prices, which is looking forward to producers. Finished / 25


http://www.almaalomah.com/2017/07/18/176118/

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