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

Iraq Dinar/News is a popular topic among many topics this board offers. You must log in to see and participate in our Dinar sections.

Ever heard of Bitcoin? I encourage you to veiw my 4 minute video about the Bitcoin of Health Care CoinMD. Just load CoinMD.io/StylesMD set up a free 30 day test ride and contact me as needed. I have a Facebook informational page you can request to join for all my mist updates.

Neno

I can be reached by phone or text 7am-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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017


Oil continues to decline as the dollar strengthens and US production rises

Share
avatar
rocky
Moderator
Moderator

Posts : 126777
Thanked : 6549
Join date : 2012-12-22

Oil continues to decline as the dollar strengthens and US production rises

Post by rocky on Tue Jan 30, 2018 10:35 am

Oil prices fell on Tuesday for a second day as demand for crude weakened as US production increased and the dollar rose, prompting Brent to drop below $ 69 a barrel for the first time in six days. 
By 0522 GMT, London Brent crude futures were down 49 cents, or 0.7 percent, at $ 68.97 a barrel. Brent futures for March delivery settled at $ 69.46 a barrel on Monday, down $ 1.06, or 1.5 percent. 








Oil continues to decline as the dollar strengthens and US production rises



















WTI futures fell 70 cents, or 1.1 percent, to $ 64.86 a barrel. On Monday, crude futures fell 58 cents, or 0.9 percent, to $ 65.56 a barrel. 
Prices remain heading towards their fifth monthly gain, respectively.
US production is on par with Saudi Arabia, the largest producer of the Organization of the Petroleum Exporting Countries (OPEC). Russia alone produces more than the United States and Saudi Arabia, averaging 10.98 million bpd in 2017. 
US production has jumped more than 17 percent since mid-2016 and is expected to exceed 10 million bpd soon. 
The drop in the dollar over six consecutive weeks fueled the recent surge in oil prices. The US currency has fallen 3 percent since the beginning of this month. 
Oil is denominated in dollars, so the decline in the dollar may boost the demand for crude from buyers who use other currencies.





http://economy-news.net/content.php?id=10865

    Current date/time is Mon May 28, 2018 12:32 am