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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


    Economist: "Troublemaker" drops to $72 after "Cannons Fall Silent"

    Rocky
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    Economist: "Troublemaker" drops to $72 after "Cannons Fall Silent" Empty Economist: "Troublemaker" drops to $72 after "Cannons Fall Silent"

    Post by Rocky Today at 4:41 am

    Economist: "Troublemaker" drops to $72 after "Cannons Fall Silent"

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    Economy News - Follow-up
    [rtl]Economist Nabil Al-Marsoumi commented on Monday on the decline in crude oil prices, with the decline in geopolitical tensions in the Middle East.[/rtl]
    [rtl]The decree said in a post on Facebook: “Oil is a troublemaker, it rises in wars and falls after the guns fall silent.”[/rtl]
    [rtl]Brent crude falls to $72.[/rtl]
    [rtl]Oil prices fell more than $3 a barrel in Asian trading on Monday, after an Israeli strike on Iran over the weekend avoided hitting Tehran's oil and nuclear facilities and disrupting energy supplies, easing geopolitical tensions in the Middle East.[/rtl]
    [rtl]Brent and U.S. West Texas Intermediate (WTI) crude futures hit their lowest since Oct. 1 at the open. Brent crude was down $3.39, or 4.5 percent, at $72.66 a barrel by 0325 GMT. WTI crude was down $3.28, or 4.6 percent, at $68.50 a barrel, according to Reuters data.[/rtl]
    [rtl]Both crudes rose 4 percent last week in volatile trading as markets digested uncertainty over the extent of Israel's response to Iran's Oct. 1 missile attack and next month's U.S. elections.[/rtl]
    [rtl]Analysts said the geopolitical risk premium that had built into oil prices in anticipation of an Israeli attack had receded.[/rtl]
    [rtl]The limited nature of the strikes, including sparing oil infrastructure, has raised hopes of a path to calming the Middle East hostilities, especially if it becomes clear that Iran will not respond to the attack in the coming days, said Saul Kavonic, an energy analyst at MST Markey.[/rtl]
    [rtl]“But despite the volatility in the news of the conflict in the Middle East, the general trend remains towards escalation and the possibility of another round of attacks, leading to higher oil prices, has never been higher,” he added.[/rtl]
    [rtl]In October, the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, left their oil production policy unchanged, including a plan to start increasing output from December. The group’s joint ministerial committee will meet on Dec. 1 ahead of a full OPEC+ meeting.[/rtl]


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