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[ltr]Oil rises due to more than expected damage in America[/ltr]
Since 2017-09-08 at 11:21 (Baghdad time)
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[ltr]Follow - Mawazine News[/ltr]
[ltr]Oil prices rose on Friday as Hurricane Harvey's US crude output was hit more than expected, as the biggest storm headed for Florida, warning more disruption to the oil sector.[/ltr]
[ltr]By 3060 GMT, the price of West Texas Intermediate crude futures was $ 49.15 a barrel, up 5 cents from the previous settlement price.[/ltr]
[ltr]London Brent crude <LCOc1> rose 24 cents to $ 54.73 a barrel, still close to Friday's peak of $ 54.79 a barrel, its highest level since April.[/ltr]
[ltr]Hurricane Harvey struck the US coast on the Gulf of Mexico two weeks ago, and crude prices fell initially as a quarter of the country's huge refining sector was disrupted by the storm, cutting demand for crude oil.[/ltr]
[ltr]But crude processing is recovering as the refining sector recovers.[/ltr]
[ltr]Harvey also affected oil production. The US Energy Information Administration said crude production in the United States fell by about 8 percent, from 9.5 million bpd to 8.8 million bpd.[/ltr]
https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
Since 2017-09-08 at 11:21 (Baghdad time)
[ltr]
[/ltr][ltr]Follow - Mawazine News[/ltr]
[ltr]Oil prices rose on Friday as Hurricane Harvey's US crude output was hit more than expected, as the biggest storm headed for Florida, warning more disruption to the oil sector.[/ltr]
[ltr]By 3060 GMT, the price of West Texas Intermediate crude futures was $ 49.15 a barrel, up 5 cents from the previous settlement price.[/ltr]
[ltr]London Brent crude <LCOc1> rose 24 cents to $ 54.73 a barrel, still close to Friday's peak of $ 54.79 a barrel, its highest level since April.[/ltr]
[ltr]Hurricane Harvey struck the US coast on the Gulf of Mexico two weeks ago, and crude prices fell initially as a quarter of the country's huge refining sector was disrupted by the storm, cutting demand for crude oil.[/ltr]
[ltr]But crude processing is recovering as the refining sector recovers.[/ltr]
[ltr]Harvey also affected oil production. The US Energy Information Administration said crude production in the United States fell by about 8 percent, from 9.5 million bpd to 8.8 million bpd.[/ltr]
https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
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