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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 jumps to $82

    rocky
    rocky
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    Oil jumps to $82 Empty Oil jumps to $82

    Post by rocky Fri 07 Jan 2022, 5:52 am

    Oil jumps to $82

    •  Time: 01/07/2022 08:23:19
       
    •  Reading: 949 times

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    {Economic: Al Furat News} Oil prices rose by about two percent, today, Friday, to continue their rise in the new year, due to the increasing unrest in oil-producing Kazakhstan and a member of the OPEC + bloc, in addition to the interruption of supplies from Libya.
    Brent crude futures rose $1.19, or 1.5 percent, to settle at $82.62 a barrel, after hitting their highest level since late November.
    US West Texas Intermediate crude futures rose $1.6, or 2.1 percent, upon settlement to $79.46. The contract touched a session high of $80.24.
    Russia sent troops to Kazakhstan on Thursday to help put down an uprising, after deadly violence spread across the country.
    Kazakhstan currently produces 1.6 million barrels of oil per day. There are no indications that crude production has been affected so far.
    On the same day, the Libyan National Oil Corporation said that Libyan oil production amounted to 729,000 barrels per day, down from more than 1.3 million barrels per day last year, which was its highest level, due to maintenance work and field closures.
    Prices have increased since the beginning of the year, despite the commitment of the OPEC + alliance to increase the agreed production targets and the increase in US fuel stocks last week.
    JPMorgan has forecast that the average price of Brent crude will average $88 a barrel in 2022, up from $70 last year.
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