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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 fell to $ 63.17 a barrel amid concerns over a further production cut

rocky
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Oil fell to $ 63.17 a barrel amid concerns over a further production cut Empty Oil fell to $ 63.17 a barrel amid concerns over a further production cut

Post by rocky Wed Nov 29, 2017 3:33 am

[ltr]Oil fell to $ 63.17 a barrel amid concerns over a further production cut[/ltr]

 Since 2017-11-29 at 10:10 (Baghdad time)
[ltr]Oil fell to $ 63.17 a barrel amid concerns over a further production cut 6346466564[/ltr]
[ltr]Follow up of Mawazine News[/ltr]
[ltr]Oil prices fell on Wednesday on doubts OPEC and Russia would agree to extend crude production cuts already taken into account by the market after a report on an unexpected increase in US crude inventories.[/ltr]
[ltr]US West Texas Intermediate crude futures were $ 57.69 a barrel by 0543 GMT, down 30 cents, or 0.5 percent, from the previous settlement.[/ltr]
[ltr]Traders said WTI was retreated by a report released by the US Petroleum Institute on Tuesday evening that showed US crude inventories rose 1.8 million barrels in the week ending Nov. 24 to 457.3 million barrels.[/ltr]
[ltr]Official data on US oil inventories are expected to be published later on Wednesday.[/ltr]
[ltr]West Texas Intermediate crude (WTI) has also been under downward pressure with the gradual resumption of the Keystone pipeline, which is transporting Canadian crude to the United States.[/ltr]
[ltr]Brent crude futures were $ 63.17 a barrel, down 44 cents, or 0.7 percent.[/ltr]
[ltr]Crude prices have received widespread support this year as Brent crude has risen 40 percent since mid-2017 thanks to efforts by the Organization of the Petroleum Exporting Countries (OPEC) and another group of producers led by Russia to cut output by 1.8 million barrels per day.[/ltr]
[ltr]The agreement expires in March 2018, but OPEC will meet on November 30 and is expected to discuss ways to extend the cuts.[/ltr]
[ltr]While OPEC and Russia are expected to extend full production cuts for 2018, they are likely to include an option to review the deal in June, sources said on Tuesday, after Moscow expressed concern over the worsening market situation.[/ltr]


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