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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 after heavy losses

    Rocky
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    • Post n°1

    Oil prices are rising again after heavy losses Empty Oil prices are rising again after heavy losses

    Post by Rocky Wed 12 Oct 2022, 4:35 am

    [size=35][size=35]Oil prices are rising again after heavy losses[/size][/size]
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    Economie

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    2022-10-12 | 03:24
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    Alsumaria News - Economy

    Oil prices changed their downward trajectory in trading, today, Wednesday, despite the losses suffered by the beginning of trading.


    Oil prices are under increasing pressure, with the dollar’s ​​strength increasing and investors preparing to receive US inflation data, amid concerns about fuel demand raised by the risks of a global recession and the tightening of ““[url=https://www.alsumaria.tv/Entity/127576/%D9%85%D8%B1%D8%B6 %D9%83%D9%88%D9%81%D9%8A%D8%AF 19/ar/]Covid-19[/url]” restrictions in China.






    By 07:00 GMT, Brent crude futures rose 64 cents, or 0.68%, to $94.93 a barrel.

    The price of US West Texas Intermediate crude futures rose 37 cents, or 0.41%, to $89.72 a barrel. The dollar rose to a 24-year high against the yen on Wednesday, on inflation concerns. A strong dollar makes dollar-denominated commodities more expensive for holders of other currencies, and tends to affect oil and other riskier assets.

    Both benchmarks fell by 2% in the previous session, according to[You must be registered and logged in to see this link.]".


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    And he said[url=https://www.alsumaria.tv/Entity/4244541536/%D8%B3%D8%AA%D9%8A%D9%81%D9%86 %D8%A5%D9%8A%D9%86%D9%8A%D8%B3/ar/]Stephen Innes[/url]"Despite the fundamentals of higher oil prices and massive (OPEC) production cuts, any collapse in high-risk assets could continue to hurt oil prices," SBI Asset Management said. and lower

    The US consumer price report is scheduled for Thursday.

    [url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]On Tuesday, it issued its forecast for global growth for 2023, warning of the increased risks of a recession.

    but[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]He also urged central banks to continue their fight against inflation, even as investors worried that monetary policymakers could cause a severe economic contraction by raising borrowing costs.

    The oil market is also under pressure by the tightening of “Covid-19” restrictions in the country[You must be registered and logged in to see this link.], the second largest consumer of oil in the world.

    And strengthened major Chinese cities, including[You must be registered and logged in to see this link.]And the[You must be registered and logged in to see this link.]Tests for COVID-19 have tightened restrictions after infections surged to their highest levels since August.

    On the supply side, a preliminary survey conducted by[You must be registered and logged in to see this link.]Yesterday, Tuesday, US crude oil inventories rose by 1.8 million barrels in the week ending October 7, after falling in the past two weeks.

    [You must be registered and logged in to see this link.] data was delayed by one day this week due to Monday's holiday.



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