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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 rise ahead of OPEC meeting

rocky
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Oil prices rise ahead of OPEC meeting Empty Oil prices rise ahead of OPEC meeting

Post by rocky Wed 22 Nov 2017, 3:01 am

Oil prices rise ahead of OPEC meeting NB-204695-636310464187351591-604x330


Oil prices rise ahead of OPEC meeting
Baghdad - Agencies
Oil prices rose slightly as traders looked to the OPEC meeting next week, during which major oil exporters are expected to extend production cuts, but expectations of increased production in the US are holding back gains.
Brent crude futures were $ 62.34 a barrel at 1145 GMT, up 12 cents, while West Texas Intermediate crude was up 14 cents at $ 56.56.
OPEC and a number of independent producers, led by Russia, have cut output this year in an attempt to curb global supply glut and boost prices.
It is widely expected at next week's meeting that the organization will extend the agreement beyond its March 2018 deadline.
"There is a general belief that any decision other than the extension could have a very negative impact ... so the market is looking for confirmation that Opec wants to move towards the extension," said Saxony Bank chief Olli Hansen.
http://www.aljournal.com/%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%AA%D8%B1%D8%AA%D9%81%D8%B9-%D9%82%D8%A8%D9%84-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D8%A3%D9%88%D8%A8%D9%83/

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