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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 rises with support from production cuts

rocky
rocky
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Posts : 230100
Join date : 2012-12-21

Oil rises with support from production cuts Empty Oil rises with support from production cuts

Post by rocky Sat 05 May 2018, 1:26 am

[ltr]Oil rises with support from production cuts[/ltr]
[ltr]Economie[/ltr]
 Since 2018-05-04 at 09:11 (Baghdad time)
[ltr]Oil rises with support from production cuts Qwdqwreer[/ltr]
[ltr]Follow-up of Mawazine News[/ltr]
[ltr]Oil prices rose today with support from OPEC-led production cuts and the possibility of new US sanctions on Iran, but gains have been curtailed by a significant increase in US crude inventories.[/ltr]
[ltr]Global Brent crude futures contract ended the trading session up 26 cents, or 0.35 percent, to settle at $ 73.62 a barrel.[/ltr]
[ltr]US benchmark WTI futures rose 50 cents, or 0.74 percent, to close at $ 68.43 a barrel.[/ltr]
[ltr]Oil is bolstered by the prospect of a US withdrawal from the nuclear deal with Iran, raising concerns about crude supplies from the Middle East.[/ltr]
[ltr]On the other hand, OPEC-led production cuts are helping to reduce the abundance of world crude supply.[/ltr]
[ltr]But growing US oil inventories are putting pressure on oil gains. Government data on Wednesday showed a 6.2 million barrel jump in crude inventories in the United States last week.[/ltr]
[ltr]US oil production also hit a record weekly high of 10.62 million barrels per day (bpd) to overtake Saudi Arabia, OPEC's biggest producer, and approach the output of Russia, the world's biggest oil producer.[/ltr]




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