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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 jump amid hopes of an economic recovery

    Rocky
    Rocky
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    • Post n°1

    Oil prices jump amid hopes of an economic recovery Empty Oil prices jump amid hopes of an economic recovery

    Post by Rocky Fri 23 Apr 2021, 7:28 am

    Oil prices jump amid hopes of an economic recovery

    •  Time: 04/23/2021 10:44:37
       
    •  Read: 3,185 times

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    {Economic: Al Furat News} Oil prices rose on Friday, boosted by hopes for a recovery in demand as economic growth rebounded and the lockdown waned, but concerns about India's mounting second wave of COVID-19 cases limited the gains.
     Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.]
    Brent crude futures rose 42 cents, or 0.6 percent, to $ 65.82 a barrel at 0645 GMT, after rising eight cents on Thursday.
    West Texas Intermediate (WTI) crude futures jumped 51 cents, or 0.8%, to $ 61.94 a barrel, after also rising 8 percent on Thursday.
    "Oil prices rebounded for the second day in a row as US jobless claims data, which came lower than expected, boosted expectations for energy demand in North America," said Margaret Young, a strategist at DailyFX in Singapore. 
    "The recent macro data from the United States and China were encouraging, reflecting a strong economic recovery from the two largest economies in the world, while OPEC + is expected to keep current production plans unchanged at next week's meeting, which helps stabilize oil prices."
    Refiner Valero said demand for gasoline and diesel has returned to 93% and 100% of levels they were before the pandemic, with chief trade officer Gary Simmons saying the company is "very optimistic about gasoline in the future." Read more
    Meanwhile, some improved conditions in Europe have reinforced sentiment as France said schools will open their doors on Monday and that domestic travel restrictions in place will end on May 3. 
    Analysts said that the resurgence of infections in India and Japan indicates a recovery in unequal demand in different parts of the world and that oil prices may come under further pressure if the situation worsens in these key markets.
    "Energy markets remain on hold ahead of next week's OPEC + meeting, and with fears of India consuming the gains," said Jeffrey Haley, chief market analyst at Oanda.
    Both benchmark crude contracts are heading for a weekly loss of nearly 2% due to concerns about declining fuel demand in India, the world's third-largest oil importer, as daily injuries and deaths from COVID-19 set new records this week. Read more
    Several countries, including Australia, Britain, Canada and the United Arab Emirates, have banned or cut flights from India. 
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