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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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Brent crude approaches $70 a barrel, amid anticipation of the OPEC + decision

rocky
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Brent crude approaches $70 a barrel, amid anticipation of the OPEC + decision Empty Brent crude approaches $70 a barrel, amid anticipation of the OPEC + decision

Post by rocky Thu 02 Dec 2021, 6:32 am


[size=30]Brent crude approaches $70 a barrel, amid anticipation of the OPEC + decision


2021-12-02
[/size]
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Yes Iraq: Baghdad

Oil prices rose, on Thursday, to offset the losses of the previous day, as investors monitored the OPEC + decision on supply policy, but the gains were capped amid concerns that the “Omicron” virus variable could harm fuel demand.
Brent crude futures rose 78 cents, or 1.13%, to $69.67 by 05:02 GMT, after falling 0.5% in the previous session.
US West Texas Intermediate crude futures rose 77 cents, or 1.17%, to $66.34 a barrel, after falling 0.9% on Wednesday.
Global oil prices have lost more than $10 a barrel since last Thursday, when news from Omicron shocked investors.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, are likely to decide on Thursday whether to release more oil to the market as previously planned or restrict supplies.
Since August, the group has been adding an additional 400,000 barrels per day of production to global supply each month, gradually reducing record cuts agreed in 2020.
However, the new format has complicated decision-making, with some observers predicting that OPEC+ may pause these additions in January in an attempt to slow supply growth.
Concerns about the impact of the coronavirus Omicron variable rose after the first case was reported in the United States, and the Bank of Japan warned of economic pain as countries respond with stricter containment measures.
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