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Neno's Place Established in 2006 as a Community of Reality


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil is at its highest level since mid-2015 amid Iran's tensions and market improvement

    Rocky
    Rocky
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    Posts : 281148
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    • Post n°1

    Oil is at its highest level since mid-2015 amid Iran's tensions and market improvement Empty Oil is at its highest level since mid-2015 amid Iran's tensions and market improvement

    Post by Rocky Thu 04 Jan 2018, 1:42 am

    [ltr]Oil is at its highest level since mid-2015 amid Iran's tensions and market improvement[/ltr]
    [ltr]Economie[/ltr]
     Since 2018-01-04 at 10:20 (Baghdad time)
    [ltr]Oil is at its highest level since mid-2015 amid Iran's tensions and market improvement 102_1[/ltr]
    [ltr]Follow up of Mawazine News[/ltr]
    [ltr]Oil prices hit their highest level in more than two and a half years, reaching levels not seen since the beginning of the decline in commodity markets in 2014-2015, backed by tensions in Iran, a major producer, and ongoing OPEC-led production cuts.[/ltr]
    [ltr]Prices also received support from Asian stock markets, which were hovering near a 10-year high on Thursday amid strong data from major economies including the United States, Japan and Germany.[/ltr]
    [ltr]US crude futures rose 49 cents, or 0.8 percent, from the previous settlement price to $ 62.12 a barrel by 0623 GMT. The contract hit $ 62.17 a little earlier, its highest since May 2015.[/ltr]
    [ltr]London Brent crude was up 29 cents, or 0.4 percent, at $ 68.13 a barrel, after hitting its highest since May 2015 at $ 68.19 a barrel earlier.[/ltr]
    [ltr]A significant reduction in temperatures in the United States also stimulated demand in the short term especially on heating oil.[/ltr]
    [ltr]"The market is increasingly optimistic about oil as inventory levels approach five-year average," said William Olofelin, investment analyst at Rifkin Securities in Australia. "The geopolitical fiasco of Iran, OPEC's third biggest producer, also contributes to price support as citizens protest Again against the government. "[/ltr]
    [ltr]But unrest in Iran has not affected the country's crude production.[/ltr]
    [ltr]The US Petroleum Institute said on Wednesday that crude oil inventories in the United States fell five million barrels in the week ended December 29 to 427.8 million barrels.[/ltr]


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