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

Iraq Dinar/News is a popular topic among many topics this board offers. You must log in to see and participate in our Dinar sections.

Ever heard of Bitcoin? I encourage you to veiw my 4 minute video about the Bitcoin of Health Care CoinMD. Just load set up a free 30 day test ride and contact me as needed. I have a Facebook informational page you can request to join for all my mist updates.


I can be reached by phone or text 7am-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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017

Oil supply plunges amid losses in US stocks


Posts : 126488
Thanked : 6507
Join date : 2012-12-21

Oil supply plunges amid losses in US stocks

Post by rocky on Fri 11 Aug 2017, 3:22 am

Oil supply plunges amid losses in US stocks

10:42 - 11/08/2017

Oil prices fell more than 1.5 percent on Friday, as concerns about the global crude supply slump continued and US stocks lost concerns about slowing demand.

The settlement price for US crude was set at 97 cents, or 1.96 percent, at $ 48.59 a barrel. Brent crude futures were down 80 cents, or 1.52 percent, at $ 51.90.

US stocks fell sharply on Thursday, with Dow and Nasdaq down hundreds in the quarter as investors feared rising tensions between the United States and North Korea.

Phil Flynn, an analyst at PricewaterhouseCoopers Group in Chicago, said the US stock market slump led to a weak performance in the oil market.

"This has raised concerns about demand. The picture of demand is bleak as stocks fall. Gold remained high, confirming my skepticism that it is a fear-driven trading. "

On the supply side, a representative of Russian oil company Gazprom said the company sees "economic feasibility" of resuming production in old fields after the expiry of the global agreement between OPEC and non-member countries.

The Organization of the Petroleum Exporting Countries raised its forecast for oil demand in 2018 and lowered its forecast for the production of competitors

    Current date/time is Thu 24 May 2018, 4:48 am