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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 to $ 50 a barrel

rocky
rocky
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Posts : 230541
Join date : 2012-12-21

Oil rises to $ 50 a barrel Empty Oil rises to $ 50 a barrel

Post by rocky Wed 25 May 2016, 2:46 am

[ltr]Oil rises to $ 50 a barrel[/ltr]

 Since 05.25.2016 at 08:36 (Baghdad time)
[ltr]Oil rises to $ 50 a barrel 8[/ltr]
[ltr]Follow-up - the balance of News[/ltr]
[ltr]Oil futures climbed toward $ 50 a barrel in Asian trading on Wednesday, driving US crude to its highest level in more than seven months after data from the American Petroleum Institute pointed to a larger-than-expected drop in crude inventories in the United States last week.[/ltr]
[ltr]But oil prices also received support from the closure of US stocks on big gains and strong sales of housing in the United States, which may indicate that the US central bank will raise interest rates in June.[/ltr]
[ltr]Jumped US crude futures for the nearest maturity during Asian trading 73 cents, or about 1.5 percent to $ 49.35 a barrel, the highest level since mid-October, before easing slightly to $ 49.25 by the time 0315 GMT, after the previous session ended on a gain of 54 cents.[/ltr]
[ltr]And it increased the global Brent crude contracts for Brent 57 cents or 1.17 percent to $ 49.18 a barrel after having closed higher on Tuesday at 26 cents a rebound from a four-session losing streak.[/ltr]

[ltr]Data from the American Petroleum Institute on Tuesday showed that crude oil inventories in the United States fell 5.1 million barrels to 536.8 million barrels, while analysts' average expectations indicated in a Reuters poll for a drop of 2.5 million barrels.[/ltr]
[ltr]Investors are awaiting confirmation of this significant decline when the US Energy Information Administration issued official figures for stocks later on Wednesday. Ended 29/4 e[/ltr]


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