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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/
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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