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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 prices drop globally despite rising tensions between the United States and Iran

    Rocky
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    • Post n°1

    Oil prices drop globally despite rising tensions between the United States and Iran Empty Oil prices drop globally despite rising tensions between the United States and Iran

    Post by Rocky Tue Jul 24, 2018 4:59 am

    Oil prices drop globally despite rising tensions between the United States and Iran
    July 24 2018 10:25 p
    Oil prices drop globally despite rising tensions between the United States and Iran 10201723123220893253683
    [rtl][rtl]Oil[/rtl]
    [/rtl]
    Baghdad Post
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    Oil prices fell as the focus shifted to fears of oversupply, deflecting mounting tensions between the US and Iran that led prices to rise early in the session.

    According to Reuters news agency, the world's benchmark Brent crude contract closed to the nearest trading session low one cent to $ 73.06 a barrel.

    US benchmark West Texas Intermediate crude fell 37 cents to $ 67.89 a barrel, after retreating from a session high of $ 69.31.

    The market abandoned its initial gains as interest returned to oversupply risks. Phil Flynn, an analyst at PricewaterhouseCoopers Group in Chicago, said Saudi Arabia and other top producers were increasing their output to compensate for declines in Iran's output as a November deadline for US sanctions on crude sales from the Islamic Republic approaches.

    The market is also concerned about the impact of the escalating trade dispute between the United States and its trading partners on global economic growth and energy demand.

    The market rose early in the session as tensions between Iran and the United States deepened, while some workers on three offshore oil and gas platforms in the British sector in the North Sea began a 24-hour strike.


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