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Neno's Place Established in 2006 as a Community of Reality


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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


    Oil fell to $ 60.76 a barrel on profit taking

    Rocky
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    • Post n°1

    Oil fell to $ 60.76 a barrel on profit taking Empty Oil fell to $ 60.76 a barrel on profit taking

    Post by Rocky Tue 31 Oct 2017, 1:58 am

    [ltr]Oil fell to $ 60.76 a barrel on profit taking[/ltr]

     Since 2017-10-31 at 09:52 (Baghdad time)
    [ltr]Oil fell to $ 60.76 a barrel on profit taking 0-0twe[/ltr]
    [ltr]Follow up of Mawazine News[/ltr]
    [ltr]Oil prices tumbled on Tuesday, as traders sold for profit after days of gains and as expectations of a market rally that pushed Brent crude above $ 60 a barrel were eroded by the prospect of a rise in US exports.[/ltr]
    [ltr]Traders said that Brent was also affected by Iraq's move to increase oil exports from the ports of the south 220 thousand barrels per day to 3.45 million barrels per day in order to compensate for the delays in supplies of fields in northern Kirkuk.[/ltr]
    [ltr]At 0540 GMT, Brent crude futures were down 14 cents, or 0.2 percent, from the previous $ 60.76 per barrel but still not far from their July lows of earlier this week and up about 37 percent from the 2017 low Registered in June.[/ltr]
    [ltr]US crude fell 11 cents from the previous close to $ 54.04 a barrel. But it remains near its highest level since February, up about 28 percent from the June 2017 low.[/ltr]
    [ltr]Traders said there was a profit-taking after crude prices rose about 5 percent in October.[/ltr]
    [ltr]But confidence remains dominant despite Tuesday's declines thanks to efforts by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to withhold about 1.8 million barrels per day of oil production in an effort to balance markets and support prices.[/ltr]


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