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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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    The decline in world oil prices

    Rocky
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    The decline in world oil prices Empty The decline in world oil prices

    Post by Rocky Mon 09 May 2022, 5:49 am

    [size=35][size=35]The decline in world oil prices[/size]
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    Economie

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    2022-05-09 | 01:51
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    Alsumaria news - Follow-up

    Oil prices fell, today, Monday, along with stock markets in Asia on fears that a global recession will cause a decline in oil demand, while investors look forward to European Union talks on the Russian oil embargo, which is expected to result in tight supplies. Globalism.


    By 01:53 GMT, Brent crude prices fell 28 cents, or 0.3 percent, to settle at $112.11 a barrel.


    As for US West Texas Intermediate crude, it amounted to 109.36 dollars a barrel, down 41 cents, or 0.4 percent, according to what the agency reported.[You must be registered and logged in to see this link.].







    Analyst at CMC Markets said,[url=https://www.alsumaria.tv/Entity/3312278536/%D8%AA%D9%8A%D9%86%D8%A7 %D8%AA%D9%86%D8%BA/ar/]Tina Teng[/url]“The broader risk aversion stemming from recession fears and shutdowns in[You must be registered and logged in to see this link.]Because of COVID are the main factors that are putting pressure on oil prices.”


    Global financial markets are also turbulent due to concerns about interest rate hikes and COVID-19 closures in the[You must be registered and logged in to see this link.]Which hurts the second economy in the world.


    Teng said, "The ongoing shutdowns in[You must be registered and logged in to see this link.]It may continue to affect oil prices in the near term."
    [rtl]Related Articles[/rtl]
    She added that Saudi Arabia's price cut also reflected concerns about global oil demand. Brent and US crude rose last week for the second week in a row due to concerns about supplies after the European Commission proposed a phased ban on Russian oil as part of a package of tougher sanctions due to the war in Ukraine. The proposal requires a unanimous vote among EU members.


    Saudi Arabia, the world's largest oil exporter, lowered crude prices for Asia and[You must be registered and logged in to see this link.]for June on Sunday.
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