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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 falls 1% because of Western strikes in Syria

    Rocky
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    • Post n°1

    Oil falls 1% because of Western strikes in Syria Empty Oil falls 1% because of Western strikes in Syria

    Post by Rocky Mon 16 Apr 2018, 7:44 am

    [ltr]Oil falls 1% because of Western strikes in Syria[/ltr]
    [ltr]Economie[/ltr]
     Since 2018-04-16 at 10:51 (Baghdad time)
    [ltr]Oil falls 1% because of Western strikes in Syria 0-0twe[/ltr]
    [ltr]Follow up of Mawazine News[/ltr]
    [ltr]Oil fell 1 percent on Monday as markets opened in the wake of Western air strikes in Syria at the weekend, while prices were under additional pressure from increased US drilling.[/ltr]
    [ltr]The United States, France and Britain fired 105 rockets on Saturday targeting what they said were three chemical weapons facilities in Syria in response to a suspected poison gas attack on Duma on April 7.[/ltr]
    [ltr]By 0547 GMT, Brent crude futures were at 73.85 dollars a barrel, down 73 cents, or 1 percent, from the previous close.[/ltr]
    [ltr]US crude <LCOc1> was down 57 cents, or 0.9 percent, at $ 66.82 a barrel.[/ltr]
    [ltr]Traders said Asian markets had cautiously started after Western strikes with some relief after the escalation seemed unlikely.[/ltr]
    [ltr]"In the wake of the coordinated attack on Syria, oil prices have fallen slightly," said Sucrit Vijayakar, director of energy consultancy Trevkata. "But the impact seems limited and irreversible."[/ltr]
    [ltr]Oil markets have come under increasing pressure from an increase in state drilling activities.[/ltr]
    [ltr]US energy companies added seven oil refineries to pump new production over the week ending April 13 to a total of 815, the highest level since March 2015, Baker Hughes Energy Services said on Friday.[/ltr]
    [ltr]However, Brent is still up more than 16 percent from its record low of 2018 in February due to strong demand, conflicts and tensions in the Middle East.[/ltr]
    [ltr]Syria is not a major oil producer, but the Middle East in general is the world's top exporter of crude, and tensions in the region are often a concern for world oil markets.[/ltr]
    [ltr]"Investors are still concerned about the impact of a wider conflict in the Middle East," ANZ Bank said.[/ltr]




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