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Oil prices rise to three-week highs
March 21 2018 10:29 p
March 21 2018 10:29 p
[rtl][rtl]Oil extraction platforms - archival[/rtl]
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Oil prices rose more than 2% in the past few hours to their highest level in three weeks due to tensions in the Middle East and the possibility of further declines in Venezuela's production, which helped to reduce the impact of the growth of crude production in the United States.
On Wednesday, the world's benchmark Brent crude was $ 67.56 a barrel, up 14 cents, or 0.21 percent. US benchmark WTI futures rose to $ 63.67 a barrel, up 13 cents, or 0.20 percent.
The benchmark indexes posted the biggest gains yesterday and Wednesday morning in terms of the percentage since March 9.
On the eve of a meeting between Saudi Crown Prince Mohammed bin Salman and US President Donald Trump, Saudi Arabia on Monday described the nuclear deal signed by Iran and the West as "a flawed deal."
Oil markets have also been supported by a drop in crude output in Venezuela, which has halved since 2005 to less than 2 million bpd due to an economic crisis in the OPEC member country.
But increased production in the United States, Canada and Brazil is constraining oil price gains. US oil production has jumped more than 20 percent since mid-2016 to 10.38 million bpd.
http://www.thebaghdadpost.com/ar/story/93456/%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A5%D9%84%D9%89-%D8%A3%D8%B9%D9%84%D9%89-%D9%85%D8%B3%D8%AA%D9%88%D9%8A%D8%A7%D8%AA%D9%87%D8%A7-%D9%81%D9%8A-%D8%AB%D9%84%D8%A7%D8%AB%D8%A9-%D8%A3%D8%B3%D8%A7%D8%A8%D9%8A%D8%B9
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Baghdad Post
[rtl]Oil prices rose more than 2% in the past few hours to their highest level in three weeks due to tensions in the Middle East and the possibility of further declines in Venezuela's production, which helped to reduce the impact of the growth of crude production in the United States.
On Wednesday, the world's benchmark Brent crude was $ 67.56 a barrel, up 14 cents, or 0.21 percent. US benchmark WTI futures rose to $ 63.67 a barrel, up 13 cents, or 0.20 percent.
The benchmark indexes posted the biggest gains yesterday and Wednesday morning in terms of the percentage since March 9.
On the eve of a meeting between Saudi Crown Prince Mohammed bin Salman and US President Donald Trump, Saudi Arabia on Monday described the nuclear deal signed by Iran and the West as "a flawed deal."
Oil markets have also been supported by a drop in crude output in Venezuela, which has halved since 2005 to less than 2 million bpd due to an economic crisis in the OPEC member country.
But increased production in the United States, Canada and Brazil is constraining oil price gains. US oil production has jumped more than 20 percent since mid-2016 to 10.38 million bpd.
http://www.thebaghdadpost.com/ar/story/93456/%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A5%D9%84%D9%89-%D8%A3%D8%B9%D9%84%D9%89-%D9%85%D8%B3%D8%AA%D9%88%D9%8A%D8%A7%D8%AA%D9%87%D8%A7-%D9%81%D9%8A-%D8%AB%D9%84%D8%A7%D8%AB%D8%A9-%D8%A3%D8%B3%D8%A7%D8%A8%D9%8A%D8%B9
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