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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 prices fell after a strong rise in the third quarter

rocky
rocky
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Posts : 229766
Join date : 2012-12-21

Oil prices fell after a strong rise in the third quarter Empty Oil prices fell after a strong rise in the third quarter

Post by rocky Mon 02 Oct 2017, 2:27 am

[ltr]Oil prices fell after a strong rise in the third quarter[/ltr]

 From 2017-10-02 at 09:32 (Baghdad time)
[ltr]Oil prices fell after a strong rise in the third quarter 27%20(1)[/ltr]
[ltr]Follow up of Mawazine News[/ltr]
[ltr]Oil prices fell on Monday in early Asian trading after gaining 20 percent in the third quarter after a survey showed a slight increase in OPEC production in September.[/ltr]
[ltr]US crude fell two years to $ 51.65 a barrel at 0057 GMT. US benchmark crude on Friday posted its biggest quarterly gain since the second quarter in 2016 and the longest weekly gain since January.[/ltr]
[ltr]Brent crude for December delivery dipped six cents to $ 56.73 a barrel.[/ltr]
[ltr]Brent crude for November delivery rose 13 cents to $ 57.54 a barrel on Friday, a third-quarter gain of nearly 20 percent, the biggest rise in five quarters. That was the biggest increase in the third quarter since 2004.[/ltr]
[ltr]Brent hit its highest level in more than two years at the beginning of last week and recorded its fifth largest weekly gain, respectively. Higher prices boosted demand from US refineries, which resumed operations after Hurricane Hurricane shut down.[/ltr]
[ltr]But a Reuters survey showed Opec oil output rose last month by 50,000 bpd after Iraq's exports and production rose in Libya, one of the countries exempted from a deal to limit production and boost prices.[/ltr]
[ltr]Oil producers in the Middle East are concerned that the recent surge in oil prices will push US oil producers to do more drilling and push prices down again.[/ltr]
[ltr]US energy companies boosted the number of oil rigs operating for the first time in seven weeks after 14-month drilling surges ended in August, Baker Hughes Energy Services said on Friday.[/ltr]
[ltr]Baker Hughes added that companies increased the number of oil drilling platforms by six excavators in the week ending September 29, bringing the total to 750 platforms.[/ltr]


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