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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 rising

rocky
rocky
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Posts : 205053
Join date : 2012-12-21

Oil prices are rising Empty Oil prices are rising

Post by rocky Tue 26 Oct 2021, 7:10 am

Oil prices are rising

  •  Time: 10/26/2021 08:26:33
     
  •  Reading: 1,209 times

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{Economic: Al Furat News} Oil prices rose, on Tuesday, after falling earlier, amid expectations that they will continue to rise, driven by strong demand in the United States, the largest consumer of oil and its products in the world.
Brent crude rose 27 cents, or 0.31 percent, to $86.26 a barrel by 05:13 GMT, after rising 0.5 percent on Monday, and US oil rose 14 cents, or 0.17%, to $83.90 a barrel.
While the inflamed energy and coal markets in China have cooled somewhat after the government's intervention, energy prices have remained high around the world as temperatures drop with the onset of the northern winter.
Goldman Sachs said the price of Brent crude was likely to rise above its year-end forecast of $90 a barrel, and the bank estimated that the switch to oil from gas could add 1 million barrels per day to oil demand.
Gasoline and distillate consumption is back in line with five-year averages in the United States after more than a year of lower demand.
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