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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 rise amid expectations of OPEC supply cuts

rocky
rocky
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Join date : 2012-12-21

Oil prices rise amid expectations of OPEC supply cuts Empty Oil prices rise amid expectations of OPEC supply cuts

Post by rocky Sat 17 Nov 2018 - 2:00

Oil prices rise amid expectations of OPEC supply cuts NB-220076-636449375078173154-604x330

Oil prices rise amid expectations of OPEC supply cuts

Oil prices rose by 2% amid expectations of a reduction in supply from the Organization of the Petroleum Exporting Countries (OPEC), although affected by a record increase in US production.
Brent crude futures were $ 68.03 a barrel, up 1.41 cents, or 2.12 percent, from the previous settlement, Reuters reported.
WTI futures rose 1.32 cents, or 2.37 percent, to $ 57.80 a barrel.
Prices have received support mainly from expectations that OPEC will cut production soon, fearing that crude will fall again as in 2014 under the weight of supply.


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