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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 is falling, and Brent is consolidating above $ 84

rocky
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Oil is falling, and Brent is consolidating above $ 84 Empty Oil is falling, and Brent is consolidating above $ 84

Post by rocky Fri 14 Jan 2022, 6:02 am

Oil is falling, and Brent is consolidating above $ 84

  •  Time: 01/14/2022 09:29:44
     
  •  Reading: 715 times

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{Economic: Al Furat News} Oil prices fell for the second consecutive session today, Friday, affected by expectations that Washington may move soon to curb prices that are still above $ 80 a barrel, while restrictions on movement in China to combat the Covid-19 outbreak affected the demand for fuel.
Brent crude futures fell six cents to $84.41 a barrel.
US West Texas Intermediate crude contracts also fell 21 cents, or 0.3%, to $81.91 a barrel.
China, the world's second largest oil consumer, suspended some international flights, and intensified efforts to curb the spread of the virus in Tianjin Province, while the mutated Omicron strain of the Corona virus spread in the northeastern city of Dalian.
Many cities, including Beijing, have also urged residents not to travel during the Lunar New Year holiday, which could reduce fuel demand during the peak travel season.
In 2021, China also recorded the first annual decline in crude oil imports in 20 years.
On Thursday, the US Department of Energy said it had sold 18 million barrels of oil from the strategic reserve to six companies.
Despite this, the two benchmarks, Brent and West Texas Intermediate, are heading to rise for the fourth week in a row, supported by concerns about supplies and political concerns in Libya and Kazakhstan, and the decline in US crude stocks to the lowest level since 2018.
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