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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 rises above $ 87 and no change in OPEC production

    Rocky
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    • Post n°1

    Oil rises above $ 87 and no change in OPEC production Empty Oil rises above $ 87 and no change in OPEC production

    Post by Rocky Thu 30 Oct 2014, 6:28 am

    Oil rises above $ 87 and no change in OPEC production 


    Baghdad / term 


    Brent crude rose above $ 87 a barrel on Wednesday amid expectations that the dealers keep the Federal Reserve (Fed) interest rates low, which increases pressure on the dollar.

    It is expected widely to end the Fed's stimulus program to buy bonds and clings to his position wary of raising interest rates while the statement issued at 1800 GMT. 
    Michael Husn senior analyst at CMC Markets in London, said, "It is likely that we will see a decline slightly to the dollar today if money the Fed to easing as expected and will support oil prices in the short term. " 
    By 1240 GMT, Brent crude rose December $ 1.46 delivery to $ 87.49 a barrel, after touching US $ 87.74 a barrel earlier. 
    and increased US crude in decades nearest 1.13 entitlement to $ 82.55 a barrel. 
    and found Price support in the rise of stock markets in Europe and Asia after US stocks rose more than one percent at the close on Tuesday. 
    He said Abdullah al-Badri, Secretary General of the Organization of Petroleum Exporting Countries (OPEC ) on Wednesday that the organization is not aimed at a fixed price of crude and there is no need to panic from falling prices. 
    Badri said in the annual Money in the London oil conference, "the basic factors are not in line with this low price." 
    He predicted that the slowing US arbitrator oil production and OPEC will be ready for the production of 40 million barrels of crude per day by 2020. 
    The target for the production of OPEC is currently level 30 million barrels per day and pointed Badri last month to the possibility of reducing this level to about 29.5 million barrels per day. 
    The data for the American Petroleum Institute on Tuesday showed crude oil stocks in the United States 3.2 million barrels last week, which is line with expectations, while gasoline and distillate inventories fell more than expected. 
    and watched investors now stocks issued by the US Energy Information Administration at 1430 GMT that data. 
    The complexity of countries of the Organisation of the Petroleum Exporting "OPEC" meeting in Vienna on October 27 the next second, and raises the sharp decline in oil prices, questions regarding whether the organization consisting of 12 members will cut production in order to support the market.


    http://www.almadapaper.net/ar/news/474036/%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%8A%D8%B1%D8%AA%D9%81%D8%B9-%D9%81%D9%88%D9%82-87-%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D8%A7-%D9%88%D8%A3%D9%88%D8%A8%D9%83-%D9%84%D8%A7-%D8%AA%D8%BA%D9%8A%D8%B1-
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