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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 markets fluctuate following Hurricane Harvey

    rocky
    rocky
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    Oil markets fluctuate following Hurricane Harvey Empty Oil markets fluctuate following Hurricane Harvey

    Post by rocky Mon 04 Sep 2017, 3:06 am

    Oil markets fluctuate following Hurricane Harvey



    The volatility of the oil markets on Monday was boosted by a US halt to Hurricane Harvey but was under pressure from an expected drop in demand for crude oil as the hurricane damaged refineries along the Gulf Coast.

    Harvey, who arrived along the coast of Texas on the Gulf and Louisiana last week, halted about a quarter of the entire refining capacity in the United States, leading to higher prices and a supply gap for gasoline such as gasoline, which traders around the world were rushing to close.

    Harvey also affected some of the US oil production but at the same time reduced demand for crude oil from the oil industry, resulting in a backlash from the market.

    Futures contracts for West Texas Intermediate crude futures were $ 47.45 a barrel by 0119 GMT, up 17 cents from the previous settlement price.

    Brent crude futures were $ 52.53 a barrel, down 22 cents, or 0.4 percent, from the previous close.

    http://economy-news.net/content.php?id=8887

      Current date/time is Wed 08 Feb 2023, 6:47 am