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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 continue to rise, fears of inflation and slowing global growth curb the rise

rocky
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Oil prices continue to rise, fears of inflation and slowing global growth curb the rise Empty Oil prices continue to rise, fears of inflation and slowing global growth curb the rise

Post by rocky Fri 13 May 2022, 5:47 am


[size=30]Oil prices continue to rise, fears of inflation and slowing global growth curb the rise


2022-05-13
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Yes Iraq: Follow up

Oil prices continued to rise on Friday, but are heading for their first weekly loss in three weeks, as fears of inflation and slowing global growth were outweighed by the closures in China to combat the pandemic, due to concern over dwindling fuel supplies from Russia.
Brent crude futures rose $1.81, or 1.7%, to $109.26 a barrel.
US West Texas Intermediate crude futures rose $1.55, or 1.5 percent, to $107.68 a barrel.
However, both benchmarks contracts are heading towards recording a weekly decline, with Brent crude expected to drop by about 3% and US crude to fall by about 2%.
The market remains volatile, with the European Union possibly imposing a ban on Russian oil supplies, leading to supply shortages, and concerns about faltering global demand.
But analysts continue to focus on a possible European Union embargo on Russian oil after Moscow imposed sanctions this week on European units of state-owned Gazprom and after Ukraine blocked a major gas transit route.
Source: Arabic
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