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[rtl]History of edits:: 12/4/2016 9:37 • 160 visits readable[/rtl]
{INTERNATIONAL: Euphrates News} oil prices achieved a certain stability in global markets, on Tuesday.
Brent to $ 42.68 a barrel and US crude 40.22 dollars equivalent to their levels onaverage in trading on Monday.
And on the reasons for price stability, experts said the most important of which isdue to two main factors : first, the stability of the US dollar relative rate against foreign currencies after falling over the last few days.
The the second reason is attributable to the hopes cautious to lead a meeting of oil -exporting countries to be held in April 17 / April at the Doha agreement on curbing over - production and stabilize prices.
in this context , Algerian energy Minister Salah expert predicted that oil prices stabilize at around $ 40 a barrel if producers agreed , whether members or non -members of the Organization "OPEC" to freeze the supply during their meeting in the Qatari capital Doha on Sunday.
he said Algerian Minister "in the event that these countries are committed not toraise production, this will give a strong indication of the market allows the stability ofprices at $ 40 a barrel. "End quote
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The stability of oil prices in global markets
[/rtl][rtl]History of edits:: 12/4/2016 9:37 • 160 visits readable[/rtl]
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[rtl]{INTERNATIONAL: Euphrates News} oil prices achieved a certain stability in global markets, on Tuesday.
Brent to $ 42.68 a barrel and US crude 40.22 dollars equivalent to their levels onaverage in trading on Monday.
And on the reasons for price stability, experts said the most important of which isdue to two main factors : first, the stability of the US dollar relative rate against foreign currencies after falling over the last few days.
The the second reason is attributable to the hopes cautious to lead a meeting of oil -exporting countries to be held in April 17 / April at the Doha agreement on curbing over - production and stabilize prices.
in this context , Algerian energy Minister Salah expert predicted that oil prices stabilize at around $ 40 a barrel if producers agreed , whether members or non -members of the Organization "OPEC" to freeze the supply during their meeting in the Qatari capital Doha on Sunday.
he said Algerian Minister "in the event that these countries are committed not toraise production, this will give a strong indication of the market allows the stability ofprices at $ 40 a barrel. "End quote
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