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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 is approaching $ 61

rocky
rocky
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Posts : 230339
Join date : 2012-12-21

Oil is approaching $ 61 Empty Oil is approaching $ 61

Post by rocky Fri 03 Nov 2017, 5:55 am

Oil is approaching $ 61

Oil is approaching $ 61 1022
Economy News Baghdad:
Oil prices near $ 61 approached on Friday due to OPEC supply cuts and Saudi Arabia and Qatar raising crude prices.
Brent oil at 12:30 GMT Baghdad, $ 60.92 a barrel, up 0.46% from Thursday, while the price of a barrel of West Texas crude was $ 54.84, up 0.55%.
Oil prices are on the rise due to OPEC's move to extend the deal to cut production to pull 1.8 million barrels per day from the market as well as boost demand for oil. Saudi Arabia and Qatar also raised crude prices.
Iraq sells its oil for less than seven dollars from the global market because it contains impurities that need to be liquidated by buyers.
"Our estimated oil figures include a limited global drawdown of stocks in 2017, which is hardly enough to compensate for the substantial increases from 2014 to 2016. Furthermore, we estimate the resumption of global stockpiles in 2010," said Harry Chillingwirian of BNP Paribas. 2018 ".
He added that the rise in US production, which has increased more than 13 percent since mid-2016 to 9.6 million barrels per day, led to increased exports.
 


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