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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 OPEC cuts

rocky
rocky
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Posts : 208039
Join date : 2012-12-21

Oil prices rise amid OPEC cuts Empty Oil prices rise amid OPEC cuts

Post by rocky Wed 13 Mar 2019, 6:09 am


Oil prices rise amid OPEC cuts

13:44 - 13/03/2019



Oil prices rise amid OPEC cuts %D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%86%D9%81%D8%B7-696x435
Information / Baghdad ..
Oil prices rose on Wednesday, driven by OPEC's current production cuts and US sanctions on Iran and Venezuela.
By 0751 GMT, the benchmark Brent crude for $ 66.95 a barrel was up 28 cents, or 0.4 percent, from the previous close.
US West Texas Intermediate crude futures were $ 57.23 a barrel, up 36 cents, or 0.6 percent, from the previous settlement price.
Oil prices have been rising since the beginning of this year thanks to OPEC-led supply cuts.
Market shortages have been exacerbated by US sanctions on oil exports from OPEC members Iran and Venezuela.
National Bank of Australia said the outlook for the oil market is mixed as there are downside risks to prices stemming from concerns about economic growth and strong US supply growth, while OPEC supply cuts and US sanctions on Iran and Venezuela are driving prices.
The US Energy Information Administration said on Tuesday that US crude oil production is expected to reach 12.30 million bpd in 2019, up from an average of about 11 million bpd in 2018.


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