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[ltr]Oil prices remain below the two-year high[/ltr]
Since 2017-11-09 at 12:36 (Baghdad time)
[ltr]
[/ltr]
[ltr]Follow up of Mawazine News[/ltr]
[ltr]Oil prices held steady below two-year highs on Thursday, supported by production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other major producers, including Russia.[/ltr]
[ltr]By 0840 GMT, the price of global benchmark crude settled at $ 63.49 a barrel. On Tuesday, Brent hit its highest level since June 2015 at $ 64.65 a barrel.[/ltr]
[ltr]West Texas Intermediate crude settled at $ 56.81 a barrel, near a two-year high of $ 57.69 a barrel this week.[/ltr]
[ltr]Traders say the surge in prices, which has risen by more than 40 percent since July, may have reached a range due to increased US supplies and some signs of slowing demand.[/ltr]
[ltr]Prices continue to receive support from OPEC-led efforts to curb supplies to narrow the gap between market supply and demand and price support.[/ltr]
[ltr]OPEC will discuss production policy at a meeting on Nov. 30 and production restrictions are expected to be extended after its March 2018 deadline.[/ltr]
[ltr]The US Energy Information Administration said on Wednesday that US crude inventories rose 2.2 million barrels in the week ending Nov. 3 to 457.14 million barrels, against analysts' forecasts of 2.9 million barrels.[/ltr]
[ltr]US crude oil production rose 67,000 bpd to 9.62 million barrels, the highest level ever[/ltr]
https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
Since 2017-11-09 at 12:36 (Baghdad time)
[ltr]
[/ltr][ltr]Follow up of Mawazine News[/ltr]
[ltr]Oil prices held steady below two-year highs on Thursday, supported by production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other major producers, including Russia.[/ltr]
[ltr]By 0840 GMT, the price of global benchmark crude settled at $ 63.49 a barrel. On Tuesday, Brent hit its highest level since June 2015 at $ 64.65 a barrel.[/ltr]
[ltr]West Texas Intermediate crude settled at $ 56.81 a barrel, near a two-year high of $ 57.69 a barrel this week.[/ltr]
[ltr]Traders say the surge in prices, which has risen by more than 40 percent since July, may have reached a range due to increased US supplies and some signs of slowing demand.[/ltr]
[ltr]Prices continue to receive support from OPEC-led efforts to curb supplies to narrow the gap between market supply and demand and price support.[/ltr]
[ltr]OPEC will discuss production policy at a meeting on Nov. 30 and production restrictions are expected to be extended after its March 2018 deadline.[/ltr]
[ltr]The US Energy Information Administration said on Wednesday that US crude inventories rose 2.2 million barrels in the week ending Nov. 3 to 457.14 million barrels, against analysts' forecasts of 2.9 million barrels.[/ltr]
[ltr]US crude oil production rose 67,000 bpd to 9.62 million barrels, the highest level ever[/ltr]
https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
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