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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 are falling again

    Rocky
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    • Post n°1

    Oil prices are falling again Empty Oil prices are falling again

    Post by Rocky Fri 13 Jan 2023, 4:19 am

    [size=35][size=35]Oil prices are falling again[/size]
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    [/size]

    Economie

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    2023-01-13 | 00:09
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    [/size]


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    Alsumaria News - Economy

    Oil prices fell in early trading today, Friday, but are on track to achieve gains of more than six percent this week, against the backdrop of strong indications of demand growth in China, the largest importer of crude oil, and expectations of raising US interest rates at a less severe pace.


    Analysts said recent Chinese crude purchases and a recovery in road traffic boosted confidence in demand recovery in the world's second-largest economy after [You must be registered and logged in to see this link.] reopened its borders and eased COVID-19 restrictions after last year's protests.






    "Given the focus on energy security, we expect Chinese imports to continue to rise, especially at a time when crude oil storage remains a strategic priority and refining activity is picking up," [url=https://www.alsumaria.tv/Entity/122918/%D8%A2%D8%B1 %D8%A8%D9%8A %D8%B3%D9%8A/ar/]RBC[/url] analyst [url=https://www.alsumaria.tv/Entity/3320558010/%D9%85%D8%A7%D9%8A%D9%83%D9%84 %D8%AA%D8%B1%D8%A7%D9%86/ar/]Michael Tran[/url] said in a note to clients. .

    In another encouraging sign, [url=https://www.alsumaria.tv/Entity/122923/%D8%A5%D9%8A%D9%87 %D8%A5%D9%86 %D8%B2%D8%AF/ar/]ANZ[/url] analysts said the congestion index, which covers the 15 Chinese cities with the largest number of car registrations, rose 31 percent from the previous week.
    [rtl]Related articles[/rtl]

    "Road traffic levels in [You must be registered and logged in to see this link.] continue to recover from record low levels after the easing of COVID-19 restrictions," they added in a note.


    Brent crude futures fell 17 cents, or 0.2 percent, to $83.86 a barrel by 0119 GMT, while US West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url] crude futures fell 12 cents, or 0.2 percent, to $78.27, according to [You must be registered and logged in to see this link.] data.

    Brent has jumped 6.7 percent so far this week, and West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url] crude has risen 6.2 percent, recouping most of the previous week's losses.

    Oil prices were also boosted by the dollar's decline to its lowest level in almost nine months after data showed that inflation in the [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9 %D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9/ar/]United States[/url] fell for the first time in two and a half years, which reinforced expectations that the Federal Reserve will slow the pace of raising interest rates.

    A weaker dollar usually increases demand for oil because it makes the commodity cheaper for buyers who hold other currencies.
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