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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 tumbled after Trump's resignation boosted fears of a trade war

    Rocky
    Rocky
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    Oil tumbled after Trump's resignation boosted fears of a trade war Empty Oil tumbled after Trump's resignation boosted fears of a trade war

    Post by Rocky Wed 07 Mar 2018, 3:39 am

    Oil tumbled after Trump's resignation boosted fears of a trade war



    Oil tumbled after Trump's resignation boosted fears of a trade war 6469

    Oil prices fell on Wednesday, weighed down by a drop in market stocks after Gary Cone, economic adviser to US President Donald Trump and a free trade hawker, resigned, raising concerns about Washington's move to impose import tariffs and a trade war.
    Traders said the rise in US production and the increase in inventories had an impact on crude prices.
    US economic adviser Gary Koon, who was considered an opponent of trade protectionism within the US administration, announced his resignation on Tuesday, prompting futures on the S & P 500 to fall more than 1 percent today.
    By 0747 GMT, Brent crude futures were up 53 cents, or 0.8 percent, from the last settlement to $ 65.26 a barrel.
    US WTI futures fell 46 cents, or 0.7 percent, to $ 62.14 a barrel.
    Major economies, including the European Union and China, have warned that such tariffs could ignite a global trade war, which could undermine economic growth and hence oil consumption.
    Traders said oil prices were also affected by an increase in US crude inventories.
    Oil inventories rose 5.661 million barrels last week to 426 million and 880 barrels, data from the US Petroleum Institute showed on Tuesday.


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