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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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    The stability of oil supported by the decline of Iraq's exports and the landing of American rigs

    Rocky
    Rocky
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    • Post n°1

    The stability of oil supported by the decline of Iraq's exports and the landing of American rigs Empty The stability of oil supported by the decline of Iraq's exports and the landing of American rigs

    Post by Rocky Tue 24 Oct 2017, 2:44 am

    [size=30]The stability of oil supported by the decline of Iraq's exports and the landing of American rigs[/size]
    24/10/2017 09:54 | Number of readings: 45
    font size:  The stability of oil supported by the decline of Iraq's exports and the landing of American rigs Font_decrease  The stability of oil supported by the decline of Iraq's exports and the landing of American rigs Font_enlarge
    The stability of oil supported by the decline of Iraq's exports and the landing of American rigs Thumbnail.php?file=____________1__568435561
    [rtl]Trend Press / Vienna[/rtl]
     
    [rtl]Oil prices were little changed on Tuesday as the market gained support from a drop in Iraq's second-largest producer and slower oil drilling in the United States.[/rtl]
    [rtl]Crude oil exports from southern Iraq fell by 110,000 bpd this month to add to a shortage of crude flows from the northern Kirkuk fields, data showed.[/rtl]
    [rtl]Baker Hughes Energy Services said the number of oil drilling rigs operating in the United States fell to 736 in the week ending October 20, the lowest level since June.[/rtl]
    [rtl]But analysts said the drop in the number of rigs could prove temporary because curbing the activity was due to atmospheric factors.[/rtl]
    [rtl]Brent crude for the day closed at $ 57.37 a barrel at 38 cents.[/rtl]
    [rtl]US benchmark WTI futures closed up 6 cents to $ 51.90 a barrel.[/rtl]
    [rtl]Traders are awaiting the latest inventory data from the US Petroleum Institute and the Energy Information Administration later this week to guide the pace of a return to market equilibrium. A preliminary survey showed Reuters on Monday that US crude stocks are likely to fall for a fifth week in a row.[/rtl]
    [rtl]Additional steps from OPEC, increasing global demand for oil and a decline in the number of oil rigs and crude stocks in America are some of the factors that could raise oil prices in the short term, said Frank Schellenberger, head of commodity research at Landsbank Baden-Württemberg.[/rtl]
    [rtl]"I would not be surprised to see WTI rising to $ 55 a barrel and Brent crude to $ 60 a barrel before the start of November," he said.[/rtl]

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