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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    Oil stabilizes supported by a drop in Iraq's exports

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 278671
    Join date : 2012-12-21
    • Post n°1

    Oil stabilizes supported by a drop in Iraq's exports Empty Oil stabilizes supported by a drop in Iraq's exports

    Post by Rocky Tue 24 Oct 2017, 3:01 am

    Oil stabilizes supported by a drop in Iraq's exports

    [You must be registered and logged in to see this image.]
    [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this image.]
     [You must be registered and logged in to see this link.]
    Economy News _ Baghdad
    Oil prices were little changed Tuesday as the market gained support from a drop in Iraq's second-largest producer and slower oil drilling in the United States. Cargo data showed that oil exports from southern Iraq fell by 110 percent Thousands of barrels per day this month to add to the shortage of crude flows from the fields of northern Kirkuk.
    Baker Hughes Energy Services said on Friday 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.
    But analysts said the drop in the number of rigs could prove temporary because curbing the activity was due to atmospheric factors.
    Brent crude for the day closed at $ 57.37 a barrel at 38 cents.
    US benchmark WTI futures closed up 6 cents to $ 51.90 a barrel.
    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.
    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.
    "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.


    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Sun 06 Oct 2024, 10:11 am