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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 prices remain below the two-year high

rocky
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  • Post n°1

Oil prices remain below the two-year high Empty Oil prices remain below the two-year high

Post by rocky Thu 09 Nov 2017, 3:52 am

[ltr]Oil prices remain below the two-year high[/ltr]

 Since 2017-11-09 at 12:36 (Baghdad time)
[ltr]Oil prices remain below the two-year high 11[/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]


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