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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 for the third week in a row, and Brent is down 4.6%, to $83.6

    rocky
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    Oil prices are falling for the third week in a row, and Brent is down 4.6%, to $83.6 Empty Oil prices are falling for the third week in a row, and Brent is down 4.6%, to $83.6

    Post by rocky Sat 26 Nov 2022, 5:44 am

    Oil prices are falling for the third week in a row, and Brent is down 4.6%, to $83.6

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    Economy News-Baghdad
    Oil prices fell 2% in Friday's session, with a decrease in liquidity in the market, at the end of a week marred by concern about Chinese demand and controversy over the West's placing a ceiling on the price of Russian crude.
    Brent crude futures fell $1.71, or 2%, to settle at $83.63 a barrel, giving up early gains.
    US West Texas Intermediate crude futures fell $1.66, or 2.1%, to record $76.28 a barrel, according to Reuters.
    Energy Oil prices The “high” Russian oil ceiling plunges Brent and “American” crude
    There was no settlement of WTI contracts on Thursday due to the Thanksgiving holiday in the United States and trading volumes remained low.
    "Because volume is thin after the holiday, we gave up some of the gains here to some extent," said Phil Flynn, analyst at Price Futures Group.
    Both contracts recorded their third consecutive weekly decline, after reaching their lowest levels in ten months last week. Brent ended the week down 4.6%, while WTI fell 4.7%.
    On Friday, China, the world's largest oil importer, announced a new record high daily number of "Covid-19" infections, as the country's cities continued to impose travel bans and other restrictions aimed at controlling the outbreak.
    On the other hand, diplomats from the Group of Seven countries and the European Union are discussing imposing a price ceiling on Russian oil between 65 and 70 dollars a barrel, but no agreement has yet been reached. European diplomats said a meeting of EU government representatives, scheduled for Friday evening to discuss the proposal, had been cancelled.


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