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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 as US inventories increase and production rises to a record low

rocky
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Oil falls as US inventories increase and production rises to a record low Empty Oil falls as US inventories increase and production rises to a record low

Post by rocky Thu 03 May 2018, 7:38 am

[ltr]Oil falls as US inventories increase and production rises to a record low[/ltr]
[ltr]Economie[/ltr]
 Since 2018-05-03 at 11:22 (Baghdad time)
[ltr]Oil falls as US inventories increase and production rises to a record low 720152792917[/ltr]
[ltr]Follow - Mawazine News[/ltr]
[ltr]Oil prices fell on Thursday on the back of rising crude stocks in the United States and a rise in US production to a record low, undermining the efforts of the Organization of the Petroleum Exporting Countries to reduce supplies, although the possibility of new US sanctions on Iran keep markets in a state of concern.[/ltr]
[ltr]Brent crude was $ 73.31 a barrel, down 5 cents from the previous close.[/ltr]
[ltr]US West Texas Intermediate crude futures fell 1 cent to $ 67.92 a barrel.[/ltr]
[ltr]Prices fell on a report from the US Energy Information Administration on Wednesday showing that US oil inventories rose 6.2 million barrels to 435.96 million barrels in the week ending April 27, the highest level in 2018.[/ltr]
[ltr]Oil production in the United States rose to a record 10.62 million bpd, more than a quarter since mid-2016.[/ltr]
[ltr]The United States currently produces oil at a rate higher than Saudi Arabia, OPEC's biggest producer.[/ltr]
[ltr]Russia is pumping only about 11 million barrels a day.[/ltr]
[ltr]The United States may exceed that level very soon, as oil companies increased production from January to May at the fastest pace in at least five years, according to data from Thomson Reuters.[/ltr]


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