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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 fall after the decline in crude production from OPEC

    Rocky
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    • Post n°1

    Oil prices fall after the decline in crude production from OPEC Empty Oil prices fall after the decline in crude production from OPEC

    Post by Rocky Tue 01 Mar 2016, 2:40 am

    [ltr]Oil prices fall after the decline in crude production from OPEC[/ltr]

     Since 01/03/2016 08:35 pm (Baghdad time)
    [ltr]Oil prices fall after the decline in crude production from OPEC 14[/ltr]
    [ltr]Follow-up - the balance of News[/ltr]
    [ltr]Oil prices jumped three percent after China's move to boost its economy slowing and declining crude production from OPEC and the United States and Saudi Arabia pledged to limit fluctuations in the market, indicating that the continuous decline in 20 months may have reached a crescendo.[/ltr]
    [ltr]China has reduced the largest importer of oil in the world ratio of bank reserve requirements for the fifth time this year.[/ltr]
    [ltr]The US government data showed a decline in US production of crude oil for the third straight month to its lowest level since December 2014, while oil demand increased for the first time since August.[/ltr]
    [ltr]He concluded a survey conducted by Reuters to a decline in the Organization of Petroleum Exporting Countries oil production in February from a record monthly level due to suspension of exports from northern Iraq and disruptions at other producers.[/ltr]
    [ltr]And pledged to Saudi Arabia, which is working from Venezuela, Qatar and Russia is not an OPEC member an agreement to freeze oil production at January levels to "continue on a permanent basis with all the major producers in an attempt to reduce volatility" in crude prices.[/ltr]
    [ltr]Said Jeffrey Grossman, a trader with the energy markets Ba.ar.ja brokerage in New York. "We have to accept the fact that (the price of) crude will rise from here."[/ltr]
    [ltr]It defines settlement price for a contract closest to maturity Brent April delivery rising 87 cents to the equivalent of 2.5 percent at $ 35.97 a barrel, before we solve for the decade. Brent for May delivery to $ 1.13, or 3.2 percent, at $ 36.57 a barrel.[/ltr]
    [ltr]The contract rose nearest maturity US crude 97 cents or three percent to reach a settlement of $ 33.75.[/ltr]
    [ltr]Oil prices are still low about 70 percent since mid - 2014 when it was above $ 100 a barrel , but recovered steadily over the last two weeks pays some traders and investors to think that the market decline may have reached a crescendo in the near term.Ended 29/4 e[/ltr]


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