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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 record a new low... Brent stands at $79

    Rocky
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    • Post n°1

    Oil prices record a new low... Brent stands at $79 Empty Oil prices record a new low... Brent stands at $79

    Post by Rocky Fri 31 Mar 2023, 4:48 am

    Oil prices record a new low... Brent stands at $79

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    Baghdad Today - Follow-up 
    Oil prices fell, in Asian trading, as uncertainty about US economic data issued on Friday clouded the high sentiment about Chinese demand and possible disruptions in Middle East supplies.
    And by 0415 GMT, Brent crude futures fell 19 cents, or 0.24 percent, to $ 79.08 a barrel. It had risen about six percent this week.
    US West Texas Intermediate crude fell 1 cent, or 0.01%, to $74.36, after rising nearly 8% this week.
    Markets are now awaiting spending and inflation data in the United States, which will be released on Friday, and its impact on the value of the dollar.
    "The market could maintain its bullish trend if today's US PCE provides positive signals to markets that US inflation is expected to decline further," said Tina Ting, an analyst at CMC Markets in Auckland.
    "The disappointing data may raise concerns about Federal Reserve policy again and limit recent gains," she added.
    Prices rose this week on optimism about the economic recovery in China.
    China's manufacturing activity grew in March at a slower pace compared to a record increase in February, but still exceeded economists' forecasts in a Reuters poll.
    China's industrial activity has become a major price determinant in the past few weeks after anti-coronavirus restrictions were lifted, amid weak global demand.
    Oil prices are heading for gains for the second week in a row after the biggest bank failure since the 2008 financial crisis unnerved traders and roiled markets. Fears of a global banking crisis eased after two banks were bailed out in the United States and Europe.
    Prices rose more than 1 percent on Thursday, thanks to lower U.S. crude inventories and the suspension of exports from the Kurdistan region of Iraq, easing pressure from a smaller-than-expected decline in Russian supplies.
    Producers have closed or reduced production at a number of oil fields in the semi-autonomous Kurdistan region in northern Iraq after the northern export pipeline stopped. More outages are expected in the future.
    And the US Energy Information Administration said that crude stocks in the United States unexpectedly fell in the week ending March 24, recording the lowest level in two years.
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