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Neno's Place Established in 2006 as a Community of Reality


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Big Losses For Oil Amid Fears Of Recession

    Rocky
    Rocky
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    Posts : 265232
    Join date : 2012-12-21

    Big Losses For Oil Amid Fears Of Recession Empty Big Losses For Oil Amid Fears Of Recession

    Post by Rocky Wed Jul 06, 2022 8:16 am

    [size=38]Big Losses For Oil Amid Fears Of Recession
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    07/05/2022 | 5:59 PM
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    Information / Baghdad..
    Oil prices fell $6 on Tuesday, as concerns about a possible global recession denting demand outweighed concerns about supply disruptions, highlighted by an expected production cut in Norway.
    Brent crude fell $6.65, or 5.9%, to $106.85 a barrel by 1344 GMT, and US West Texas Intermediate crude fell $5.65, or 5.2%, to $102.78 a barrel from Friday's close. Trading in West Texas Intermediate crude was suspended on Monday due to a holiday in the United States.
    Investors are becoming more concerned as the recent rise in gas and fuel prices is heightening fears about a recession. Investors are increasingly concerned about demand in light of a broad tightening of global financial conditions, as the US Federal Reserve combats inflation by rapidly raising interest rates.
    On Tuesday, the Reserve Bank of Australia raised interest rates for a third month, pointing to further increases as it sought to contain rising inflation even with the risk of economic deflation.
    Oil prices continue to receive some support from supply concerns as a result of Western sanctions imposed on shipments from Russia due to the conflict in Ukraine, concerns about the ability of major oil producers in the Middle East to increase production, and current labor disputes in Norway. finished/25h
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