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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 rise as the dollar falls

rocky
rocky
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Posts : 235323
Join date : 2012-12-21

Oil prices rise as the dollar falls Empty Oil prices rise as the dollar falls

Post by rocky Wed 22 Dec 2021, 6:07 am

Oil prices rise as the dollar falls

  •  Time: 12/22/2021 08:36:47
     
  •  Reading: 884 times

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{Economic: Al Furat News} Oil prices rose, on Wednesday, with the decline of the dollar, and the return of risk appetite, as some governments are resisting closures to limit the spread of the Omicron COVID-19 variable.
US West Texas Intermediate crude futures rose 28 cents, or 0.39 percent, to $71.40 a barrel at 05:01 GMT, after jumping 3.7 percent on Tuesday.
Brent crude futures rose 16 cents, or 0.22 percent, to $74.14 a barrel, after rising 3.4 percent on Tuesday.
Oil prices usually move inversely against the US dollar, with a weaker US dollar making commodities cheaper for those holding other currencies.
Meanwhile, a senior Chinese government planning official said on Wednesday that Beijing will work to help economic growth, including by increasing government spending, strengthening subsidies for manufacturers, and stabilizing industrial supply chains.
Meanwhile, some governments are trying to delay imposing new pandemic restrictions to slow the spread of the coronavirus variant, including in Britain and Australia, that would help support fuel demand.
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