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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 are falling as supply disruption concerns fade

rocky
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Oil prices are falling as supply disruption concerns fade Empty Oil prices are falling as supply disruption concerns fade

Post by rocky Thu 24 Nov 2022, 6:20 am

Oil prices are falling as supply disruption concerns fade

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Economy News _ Baghdad
 Oil prices fell today, Thursday, to extend the losses of the previous session, as fears of supply disruptions eased due to news that the Group of Seven countries is considering raising the ceiling for Russian oil prices.
Brent crude futures fell 18 cents, or 0.21%, to $85.23 a barrel by 04:02 GMT, while US West Texas Intermediate crude futures fell 3 cents, or 0.08%, to $77.88 a barrel.
Both benchmark contracts fell more than 3% on Wednesday on news that the planned price ceiling could be higher than the current market level.
The Group of Seven countries is considering a ceiling for Russian seaborne oil in the range of $65-70 per barrel, although EU governments have not yet agreed with each other on this issue. 
Oil prices also came under downward pressure after the Energy Information Administration said on Wednesday that US gasoline and distillate inventories rose sharply last week, easing some concerns about market tightness. 
Chinese cities also pressed lower oil prices, imposing more restrictions on Wednesday to curb surging coronavirus cases, adding to investor concerns about the economy and fuel demand.


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Added 11/24/2022 - 8:11 AM
Updated 11/24/2022 - 2:25 PM
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