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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 rise despite weekly loss

    Rocky
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    • Post n°1

    Oil prices rise despite weekly loss Empty Oil prices rise despite weekly loss

    Post by Rocky Sat 17 Sep 2022, 4:37 am

    [size=35][size=35]Oil prices rise despite weekly loss[/size]
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    Economie

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    2022-09-17 | 02:44
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    [/size]


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    Oil prices rose slightly, after a leak in the Basra port, which apparently restricted crude supplies, but it recorded a weekly loss amid fears of sharp increases in interest rates, which is expected to curb global economic growth and fuel demand.


    Brent crude futures rose 51 cents, to $91.35 a barrel, when they settled.

    US West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url] crude futures rose one cent, to $85.11, upon settlement.

    The two benchmarks fell about 2% for the week, partly because the strength of the US dollar makes oil more expensive for buyers who use other currencies.






    Since the beginning of the third quarter until now, both crudes have fallen by about 20%, in the worst quarterly percentage decline since the beginning of the Corona pandemic in the first quarter of 2020.

    The Iraqi [You must be registered and logged in to see this link.] Oil Company announced in a Friday statement the gradual resumption of crude exports from the port of [You must be registered and logged in to see this link.] after containing The leak caused a halt in operations last night.

    The port includes four loading platforms with an export capacity of 1.8 million barrels per day.

    "It certainly created panic in the market because the initial report was that those volumes were going to be out of the market for some time," said [url=https://www.alsumaria.tv/Entity/834377142/%D8%AC%D9%88%D9%86 %D9%83%D9%8A%D9%84%D8%AF%D9%88%D9%81/ar/]John Kilduff[/url], partner at Again Capital in [url=https://www.alsumaria.tv/Entity/48548/%D9%85%D8%AE%D8%AA%D8%A8%D8%B1 %D8%A7%D9%84%D8%AF%D9%81%D8%B9 %D8%A7%D9%84%D9%86%D9%81%D8%A7%D8%AB %D9%86%D9%8A%D9%88%D9%8A%D9%88%D8%B1%D9%83/ar/]New York[/url].
    [rtl]Related Articles[/rtl]

    Investors are preparing for a significant increase in US interest rates, which could lead to a recession and reduce fuel demand.

    The Federal Reserve is widely expected to raise its benchmark overnight interest rate by 75 basis points at its September 20-21 policy meeting.

    Market concern is also dominated by the [url=https://www.alsumaria.tv/Entity/2512591487/%D8%A7%D9%84%D9%88%D9%83%D8%A7%D9%84%D8%A9 %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9 %D9%84%D9%84%D8%B7%D8%A7%D9%82%D8%A9/ar/]International Energy Agency[/url]'s forecast of negligible growth in oil demand in the fourth quarter due to weak demand forecasts in [You must be registered and logged in to see this link.].
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