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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 are recording a new high

rocky
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Oil prices are recording a new high Empty Oil prices are recording a new high

Post by rocky Mon 17 May 2021, 6:29 am

[size=35][size=35]Oil prices are recording a new high[/size]
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Economie

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2021-05-17 | 02:46
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Today, Monday, oil prices increased due to instability in the Middle East region, after Israel launched a major attack on the Gaza Strip, which threatens its expansion and its impact on the surrounding oil-rich areas, but a new wave of Covid-19 restrictions in Asia raises concerns From low demand.


Brent crude futures rose 5 cents, or 0.08%, to $ 68.77 a barrel by 05:36 GMT, while West Texas Intermediate crude increased 7 cents, or 0.1%, to $ 65.42.

The two decades jumped about 2.5% on Friday and were able to make slight gains last week, marking the third consecutive weekly increase.






Tensions increased in the Middle East after Israel launched a major attack on the Gaza Strip, threatening a war that could expand in the region and threaten foreign companies operating in the oil fields in the region and stop them from working.

However, the recovery of the main US pipeline network from supply concerns and a new wave of Covid-19 restrictions in Asia has brought back fears of reduced demand.

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