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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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    Crude oil prices fall for a second day as OPEC output rises

    Rocky
    Rocky
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    Crude oil prices fall for a second day as OPEC output rises Empty Crude oil prices fall for a second day as OPEC output rises

    Post by Rocky Wed 23 May 2018, 4:12 am

    Crude oil prices fall for a second day as OPEC output rises


    Crude oil prices fall for a second day as OPEC output rises 1106

    Crude oil prices fell on Wednesday for a second consecutive day of declines from their highest level since November 2014, amid expectations that the Organization of the Petroleum Exporting Countries (OPEC) will raise its production rates to compensate for the market shortage .
    US crude futures traded at $ 71.89 a barrel, after hitting a high of $ 72.24 a barrel, while opening today's session at $ 72.10 a barrel, the lowest level at $ 71.78 a barrel .
    The next meeting of the Organization of Petroleum Exporting Countries (OPEC) during the month of June may see the Organization raise its production rates to compensate for the decline in the production of Venezuela and Iran in light of current tensions in the two countries .
    This caused crude oil prices to fall again during today's trading as the increase in production rates rebalanced the markets and ended the reason for the recent rise in crude prices .
    In addition, the high levels of the US dollar against the major currencies have negatively affected the price of crude oil to decline for the second day, before the report of the US Energy Agency today with expectations of a decline of 2.5 million barrels last week .


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