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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 rising again

    Rocky
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    • Post n°1

    Oil prices are rising again Empty Oil prices are rising again

    Post by Rocky Fri 20 Jan 2023, 4:06 am

    [size=35][size=35]Oil prices are rising again[/size]
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    Economie

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    2023-01-20 | 00:42
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    Oil prices rose in early trading, today, Friday, amid optimism that the Federal Reserve (the US central bank) will end the cycle of monetary tightening, which will boost the economy and support demand for fuel.



    The opinion of most economists polled[You must be registered and logged in to see this link.]That the Fed will end its monetary tightening cycle after raising 25 basis points at each of its next two policy-setting meetings, then will likely hold interest rates steady for at least the rest of the year.






    New York Federal Reserve Chairman said[url=https://www.alsumaria.tv/Entity/1812075278/%D8%AC%D9%88%D9%86 %D9%88%D9%8A%D9%84%D9%8A%D8%A7%D9%85%D8%B2/ar/]John Williams[/url]Yesterday, Thursday, the US central bank will approve more interest rate hikes, and it sees signs that inflationary pressures may be starting to ease from their very high levels.

    A number of other US central bank officials have expressed support for a downward shift in the pace of rate hikes.

    By 0113 GMT, Brent crude futures for March delivery rose 48 cents, or 0.6 percent, to $86.64 a barrel, while US crude prices increased 54 cents to $80.87 a barrel, up 0.7 percent.
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    Both benchmarks are heading for a second consecutive week of gains. Both closed up 1% on Thursday, near their highest closing levels since Dec. 1.

    At the same time, the dollar index is heading for its second consecutive weekly decline. A weaker dollar makes crude oil, priced in the greenback, cheaper for overseas buyers.

    Also supporting prices, the Chinese demand for oil increased by about one million barrels per day, to 15.41 million barrels per day in November from the previous month, which is the highest level since February, according to the latest export figures published by it.[url=https://www.alsumaria.tv/Entity/950036247/%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A9 %D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%B4%D8%AA%D8%B1%D9%83%D8%A9/ar/]Shared Data Initiative[/url](Judy).

    said the Executive Director of the International Energy Agency[url=https://www.alsumaria.tv/Entity/2248553950/%D9%81%D8%A7%D8%AA%D8%AD %D8%A8%D9%8A%D8%B1%D9%88%D9%84/ar/]Fatih Birol[/url]Thursday, energy markets may witness a shortage of supplies in 2023 due to the recovery of the Chinese economy and the difficulties facing the Russian oil industry in light of the sanctions.
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