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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 rises, recession fears limit gains

    Rocky
    Rocky
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    Join date : 2012-12-21

    Oil rises, recession fears limit gains Empty Oil rises, recession fears limit gains

    Post by Rocky Tue 18 Oct 2022, 5:02 am

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    Oil prices rose on Tuesday (October 18, 2022), supported by the weakness of the dollar and supply problems, while the specter of lower demand for fuel from China overshadowed the gains as it continued its strict policy to eliminate a pandemic.

    Brent crude futures rose 82 cents, or 0.9 percent, to $ 92.44 a barrel by 0643 GMT, while US West Texas Intermediate crude futures rose 86 cents, or one percent, 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 who hold other currencies, increasing the likelihood that they would buy.

    As for supply, a preliminary Reuters poll showed on Monday that 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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