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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


Oil falls on surging US crude stocks and OPEC production

rocky
rocky
NNP TEAM
NNP TEAM


Posts : 208039
Join date : 2012-12-21

 Oil falls on surging US crude stocks and OPEC production Empty Oil falls on surging US crude stocks and OPEC production

Post by rocky Wed 19 Jul 2017, 5:47 am

Oil falls on surging US crude stocks and OPEC production



Oil prices fell on Wednesday, with renewed fears of a global supply glut of fuel after the increase in US crude inventories and continued high production of the Organization of Petroleum Exporting Countries (OPEC).

By 0656 GMT, futures fell for global crude measurement Brent 21 cents, or 0.4 percent, to $ 48.63 a barrel.

And revealed futures contracts for WTI US median 20 cents, or 0.4 percent, to $ 46.20 a barrel.

Since the beginning of the year, crude prices fell by about 15 percent, which makes it one of the worst oil commodity performance in 2017.

The American Petroleum Institute said on Tuesday that US crude stocks rose 1.6 million barrels in the week ending on July 14 to 497.2 million barrels.

Outside the United States, OPEC supplies are still high, despite its pledge to cut production, which is largely due to the increased production of Libya and Nigeria Organic Organization.

http://economy-news.net/content.php?id=8316

    Current date/time is Sat 22 Jan 2022, 8:50 pm