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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 price recovery in world markets

rocky
rocky
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Join date : 2012-12-21

Oil price recovery in world markets Empty Oil price recovery in world markets

Post by rocky Wed 17 Aug 2022, 4:30 am

[size=46]Oil price recovery in world markets[/size]
Economie
10:46 - 08-17 2022
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Oil prices rose on Wednesday, rebounding from six-month lows hit the previous day, with larger-than-expected declines in US oil and gasoline inventories and strong demand that remains strong, limiting price hikes the prospect of a global recession.
Brent crude futures rose 13 cents, or 0.1 percent, to $92.47 a barrel by 0035 GMT.
West Texas Intermediate (WTI) crude futures rose 27 cents, or 0.3%, to $86.80 a barrel.
US crude stocks fell, according to figures from the American Petroleum Institute, by 448,000 barrels in the week ending on August 12, and gasoline stocks fell by 4.5 million barrels, while distillate stocks fell by 759,000 barrels.
Investors also waited for clarification on talks to revive the 2015 Iran nuclear deal, and oil supplies could rise if Iran and the United States accept a European Union proposal to lift sanctions on Iranian oil exports.
The European Union and the United States said on Tuesday they were studying Iran's response to what the European Union called its "final" proposal to save the 2015 nuclear deal after Tehran called on Washington to show flexibility.
Meanwhile, Barclays cut its Brent crude price forecast on Tuesday by $8 a barrel for 2022 and 2023, as it expects a large crude oil surplus in the near term due to "resilient" Russian supplies.

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