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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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    The fall in oil prices, after touching their highest levels in 6 weeks

    Rocky
    Rocky
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    The fall in oil prices, after touching their highest levels in 6 weeks Empty The fall in oil prices, after touching their highest levels in 6 weeks

    Post by Rocky Fri 30 Apr 2021, 6:57 am

    [size=35][size=35]The fall in oil prices, after touching their highest levels in 6 weeks[/size]
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    Economie

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    2021-04-30 | 03:34
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    Today, Friday, oil prices recorded a decline after touching their highest levels in six weeks due to fears of broader closures in India and Brazil to curb the Corona pandemic, which offset rising expectations for summer fuel demand and economic recovery.


    Brent crude fell 31 cents, or 0.5 percent, to $ 68.25 a barrel by 06:30 GMT on the last trading day of the June contract.
    WTI June crude was at $ 06:59 a barrel, down 42 cents, or 0.7%.







    Prices came under pressure after the growth of factory activity in China slowed and the forecast failed in April, although the private sector survey showed that factory activity in [You must be registered and logged in to see this link.]Expanded in April at the fastest pace since early 2018.

    Brent is on track to rise nearly 8% in April, while WTI could see gains of close to 10% for the month.

    This will be their fifth monthly gain in six months as global demand has nearly returned to pre-pandemic levels on the back of fiscal stimulus and easing lockdowns.[You must be registered and logged in to see this link.] In some countries, while production cuts from OPEC and its allies including Russia have softened crude oil, supply oversupplied.

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