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Neno's Place Established in 2006 as a Community of Reality


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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 disappoints hopes, Basra crude completes two weeks of decline: interest rate cuts backfired

    Rocky
    Rocky
    Rocky
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    Posts : 277783
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    • Post n°1

    Oil disappoints hopes, Basra crude completes two weeks of decline: interest rate cuts backfired Empty Oil disappoints hopes, Basra crude completes two weeks of decline: interest rate cuts backfired

    Post by Rocky Today at 4:22 am

    [size=35][size=35]Oil disappoints hopes, Basra crude completes two weeks of decline: interest rate cuts backfired[/size]
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    economy

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    2024-09-19 | 01:32
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    Alsumaria News - Economy

    Global oil prices fell in [You must be registered and logged in to see this link.] trading , Thursday, frustrating the anticipated hopes for the results of the US Federal Reserve's 50-point reduction in interest rates, as the larger-than-expected reduction had the opposite effect and raised concerns about the US economy.


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    Brent crude futures for November delivery lost[You must be registered and logged in to see this link.]The second contract fell 34 cents, or 0.46 percent, to $73.31 a barrel, while West Texas Intermediate crude futures for October delivery fell[You must be registered and logged in to see this link.]The first to $70.49 a barrel, down 42 cents, or 0.59 percent.



    The US Federal Reserve cut interest rates by half a percentage point on Wednesday, indicating that the central bank sees a slowdown in[You must be registered and logged in to see this link.]Work, it seems.[You must be registered and logged in to see this link.]The boost that a rate cut typically brings to economic activity outweighs the boost that a rate cut typically brings, according to Reuters.

    “While a 50bp rate cut signals stiff economic headwinds ahead, bearish investors were left feeling unsatisfied after the Fed raised rates,” analysts at ANZ Bank said in a note.[You must be registered and logged in to see this link.]"His medium-term price forecasts."

    In contrast, crude oil prices concluded[You must be registered and logged in to see this link.]Its second week at its lowest level recorded in about 10 months, which lasted at that time about 50 days.
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