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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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Slight decline in oil prices

rocky
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Slight decline in oil prices Empty Slight decline in oil prices

Post by rocky Wed 10 Aug 2022, 5:11 am

[size=35][size=35]Slight decline in oil prices[/size]
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Economie

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2022-08-10 | 01:13
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Oil prices fell on Wednesday, after industrial data showed that US crude stocks rose unexpectedly last week, although concerns about supplies kept losses in check.


Brent crude futures were down 21 cents, or 0.2 percent, at $96.10 a barrel at 04:23 GMT.

US West Texas Intermediate crude futures fell 28 cents, or 0.3%, to $90.22 a barrel.






Both benchmarks were volatile on Tuesday, rising and falling more than $1 a barrel during the session, but settled slightly lower as investors weighed down recession fears with news that some oil exports were suspended on Russia's Druzhba pipeline to Russia.[You must be registered and logged in to see this link.]. that cross[You must be registered and logged in to see this link.].

US crude stocks rose by about 2.2 million barrels for the week ending August 5, according to market sources, citing figures[url=https://www.alsumaria.tv/Entity/499029507/%D9%85%D8%B9%D9%87%D8%AF %D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84 %D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A/ar/]American Petroleum Institute[/url].
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The European Union on Monday presented a "final" text to revive the 2015 Iran nuclear deal that would boost Iran's crude exports, and a senior EU official said he expected a final decision on the proposal within "a very few weeks".

Although fears of a possible global recession affected oil futures recently, US oil refineries and pipeline operators expect energy consumption to be robust in the second half of 2022.

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