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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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    Oil prices plummet after US inventories rise

    Rocky
    Rocky
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    Oil prices plummet after US inventories rise Empty Oil prices plummet after US inventories rise

    Post by Rocky Thu Nov 08, 2018 3:39 am

    Oil prices plummet after US inventories rise



    Oil prices plummeted, continuing to fall as US crude oil climbed to another record high and the country's stocks rose more than expected.
    "US crude inventories rose 5.8 million barrels last week, more than double analysts' expectations," the Energy Information Administration said.
    Crude production reached 11.6 million bpd, a weekly record, but weekly data could be volatile.August's data, the latest monthly figures, showed total production reaching more than 11.3 million bpd.
    US crude futures fell 54 cents to settle at $ 61.67 a barrel, about 20 percent below the $ 76.41 peak it struck in early October.
    Global Brent crude fell 6 cents to settle at $ 72.07 a barrel, recovering from a session low after the release of data from the Energy Information Administration, backed by previous reports that Russia and Saudi Arabia are considering cutting crude output next year.


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