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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

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


    US crude prices drop as Hurricane "Erma"

    Rocky
    Rocky
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    Join date : 2012-12-21

     US crude prices drop as Hurricane "Erma" Empty US crude prices drop as Hurricane "Erma"

    Post by Rocky Sat 09 Sep 2017, 3:50 am

    [size=30]US crude prices drop as Hurricane "Erma"[/size]
    09/09/2017 11:03 | Number of readings: 12
    font size:  US crude prices drop as Hurricane "Erma" Font_decrease  US crude prices drop as Hurricane "Erma" Font_enlarge
     US crude prices drop as Hurricane "Erma" Thumbnail.php?file=58ea400ec461882f508b4575_893022422
    [rtl]Trend Press / Agencies[/rtl]
    [rtl]US crude prices fell more than 3 percent, on concern that energy demand has been hit hard as hurricane Erma, one of the strongest hurricanes in a century, is heading toward Florida and the southeastern United States.[/rtl]
     
    [rtl]The second major hurricane is approaching the United States in two weeks and is expected to reach southern Florida on Sunday and has already killed 14 people and destroyed islands in the Caribbean.[/rtl]
     
    [rtl]Hurricane, which preceded it and hit Texas on Aug. 25, disrupted a quarter of US refining capacity, cutting demand for crude, causing prices to fall.[/rtl]
     
    [rtl]Analysts said that as of Thursday, TAQA remained refining about 3.8 million barrels per day (bpd), or about 20 percent, and the US oil sector's return to full capacity would take weeks.[/rtl]
     
    [rtl]In the case of hurricane Erma, analysts are more concerned that the destruction of the storm could severely reduce energy demand.[/rtl]
     
    [rtl]US crude fell $ 1.61, or 3.3 percent, to settle at $ 47.48 a barrel. Brent crude <LCOc1> fell 71 cents, or 1.3 percent, to $ 53.78 after hitting its highest since April at $ 54.87 a barrel.[/rtl]
     
    [rtl]Brent ended the week up 1.9 percent, while US crude rose 0.4 percent, wiping most of its weekly gains earlier on persistent fears that hurricanes will continue to hit supply and demand.[/rtl]
     
    [rtl]The US Energy Information Administration said that crude production in the United States fell by about 8 percent because of Harvey from 9.5 million barrels per day to 8.8 million barrels per day. But Hurricane Erma is moving away from the heart of the US oil industry.[/rtl]


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