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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 achieves new weekly gains

    Rocky
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    • Post n°1

    Oil achieves new weekly gains Empty Oil achieves new weekly gains

    Post by Rocky Sat 29 Oct 2022, 4:23 am

    [size=35][size=35]Oil achieves new weekly gains[/size]
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    [/size]

    Economie

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    2022-10-29 | 02:41
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    Oil prices achieved weekly gains, despite their decline in the Friday session, after China, the largest importer of crude, expanded its restrictions related to the Corona pandemic.



    The weekly price hike came on the back of supply concerns and the release of unexpectedly positive economic data.

    In the Friday session, Brent crude futures fell $1.19, or 1.2 percent, to $95.77 a barrel when settling, while US West Texas Intermediate crude fell $1.18, or 1.3 percent, to $87.90.






    US gasoline futures fell nearly three percent, while diesel futures rose nearly five percent to their highest level since mid-June.

    On a weekly basis, Brent crude rose by about 2.4 percent and West Texas Intermediate crude by about 3.4 percent.

    The drop in crude prices came yesterday, Friday, after Chinese cities intensified Corona restrictions, Thursday, to stop the spread of the virus, after recording[You must be registered and logged in to see this link.]1,506 new infections on October 27, according to the National Health Committee, up from 1,264 new cases the day before.
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    The world's largest oil and gas companies, including ExxonMobil and[You must be registered and logged in to see this link.]Equinor posted a huge profit in the third quarter, benefiting from rising energy costs that have fueled inflation around the world and hit consumers hard.

    These massive profits are drawing criticism from consumer advocacy groups in the United States and[You must be registered and logged in to see this link.]with rising inflation.

    Meanwhile, OPEC is likely to maintain its forecast that global oil demand will rise for another decade.
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