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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 surges from 14-month lows

rocky
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Join date : 2012-12-21

Oil surges from 14-month lows Empty Oil surges from 14-month lows

Post by rocky Wed 19 Dec 2018, 2:46 am

Oil surges from 14-month lows

Oil surges from 14-month lows 11976


Crude prices rose at the beginning of Wednesday's trading, from a 14-month low, as concerns over oversupply continued.
 
In a report last week, the Organization of Petroleum Exporting Countries expressed its pessimism about global demand for crude oil in 2019, expecting growth of 1.29 million barrels per day, compared to a growth of 1.5 million bpd in 2018.
 
Brent crude for February delivery rose 0.21 percent, or 12 cents, to $ 56.38 a barrel by 07:29 GMT.
 
By 0.09 percent or 6 cents, US crude futures for January delivery rose to $ 46.62 a barrel.
 
Starting in early 2019, the implementation of a new agreement to reduce production by about 1.2 million barrels per day, among the largest producers in OPEC, and independent producers led by Russia, in an attempt to restore market stability.


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