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Neno's Place Established in 2006 as a Community of Reality


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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 rise amid weak dollar

rocky
rocky
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Oil prices rise amid weak dollar Empty Oil prices rise amid weak dollar

Post by rocky Tue 18 Oct 2022, 4:09 am

[size=35][size=35]Oil prices rise amid weak dollar[/size]
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Economie

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2022-10-18 | 04:42
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Alsumaria News - Economy

Oil prices rose today, Tuesday, supported by the weakness of the dollar and supply problems, while the specter of reduced demand for fuel from China overshadowed the gains as it continued its strict policy to eliminate the pandemic.


Brent crude futures rose 82 cents, or 0.9%, to $ 92.44 a barrel by 06:43 GMT, while US West Texas Intermediate crude futures rose 86 cents, or 1%, to $ 86.32 a barrel.






The dollar index, which measures the US currency against six major peers, including the pound sterling, fell to its lowest level since October 6.

A weak dollar would make oil less expensive for buyers holding other currencies; This increases the likelihood that they will buy.

As for the supply, a preliminary survey of . showed[You must be registered and logged in to see this link.]Yesterday, Monday, US crude oil inventories are expected to rise for the second week in a row, and are estimated to have increased by 1.6 million barrels in the week ending October 14.

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    Current date/time is Wed 01 Feb 2023, 7:57 pm