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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


    Oil prices are rising again

    Rocky
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    • Post n°1

    Oil prices are rising again Empty Oil prices are rising again

    Post by Rocky Fri 09 Sep 2022, 4:22 am

    [size=35][size=35]Oil prices are rising again[/size]
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    [/size]

    Economie

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    2022-09-09 | 04:28
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    [/size]


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    Oil prices rose today, Friday, supported by investor interest in Russia's threat to halt oil and gas exports to some buyers, but crude is heading for a second weekly decline, with demand affected by large interest rate increases by central banks and the impact of restrictions related to the Corona virus in China.


    Brent crude futures rose 22 cents, or 0.3 percent, to $89.37 a barrel by 0635 GMT. While US West Texas Intermediate crude futures rose ten cents, or 0.1 percent, to $ 83.64.






    "Basically, the sharp decline in the US Strategic Petroleum Reserve indicates that short supply remains a problem in physical oil markets, but recession fears may continue to pressure," said Tina Teng, an analyst at [You must be registered and logged in to see this link.] Financial Services. .

    The two benchmark oil benchmarks are heading for a weekly decline of 4 percent, with the market dropping at some point this week to its lowest level since January.
    [rtl]Related Articles[/rtl]

    This drop has been hampered by clear supply shortages amid [You must be registered and logged in to see this link.]'s threat to cut oil flows to any country that supports a cap on its crude price, a small production cut by [You must be registered and logged in to see this link.] and its allies, and a weaker outlook for oil production growth in the United States.

    The US Energy Information Administration said on Thursday that it expects US crude production to rise by 540,000 barrels per day to 11.79 million barrels per day in 2022, down from previous expectations of an increase in production by 610,000 barrels per day.

    Analysts said that in light of supply expectations, the selling, which reduced the 50-day moving average to below the 200-day moving average in the middle of the week, may be exaggerated, as demand in [You must be registered and logged in to see this link.], the world's largest oil importer, could increase recover quickly.

    "Chinese demand is more difficult to predict, but the reopening after Covid has previously seen a decline rather than a gradual increase in demand," said [url=https://www.alsumaria.tv/Entity/122917/%D8%A8%D9%86%D9%83 %D8%A3%D8%B3%D8%AA%D8%B1%D8%A7%D9%84%D9%8A%D8%A7 %D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A/ar/]National Australia Bank[/url] analysts.
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