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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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    Brent rises near $ 50 with the start of the US demand season

    rocky
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    Brent rises near $ 50 with the start of the US demand season Empty Brent rises near $ 50 with the start of the US demand season

    Post by rocky Mon May 30, 2016 5:44 am

    Brent rises near $ 50 with the start of the US demand season 8729f56a-e063-418a-97fb-84c624d328d0_16x9_600x338-2

    Brent rises near $ 50 with the start of the US demand season
    05/30/201
     Oil prices rose in early trade on Monday with the start of the peak demand summer driving officially in the United States this season and at a time when its production of crude oil fell to its lowest level since September 2014.
    The price of futures contracts for West Texas Intermediate crude to $ 49.44 a barrel at 0108 GMT, up 11 cents from last close to him.
    The price of futures contracts for Brent crude to $ 49.36 a barrel, up four cents.
    She said Australia and New Zealand Banking Group, known as (ANZ) said on Monday that "oil prices remained close to the access to the $ 50 a barrel despite the news that said that some of the Canadian oil sands production companies planning to resume operations."
    And Suncor Energy Inc. plans to increase production of oil production in the oil sands fields in Alberta this week after having to shut down earlier in May because of the huge forest fires.
    Despite the expected rise in Canadian production, said group (ANZ) Bank's support price of WTI "continues" after the big drop in US oil inventories last week by 4.2 million barrels to 537 million barrels due to strong demand.
    Traders said the official start of the peak demand summer driving season in the US is the main reason behind the rise in seasonal demand.
    It came at a time when US production fell from crude oil to 8.77 million barrels a day, the lowest level since September 2014 and down 8.77 percent since his arrival at its peak in June 2015.
    In world oil markets, Brent prices got support from a series of supply disruptions in Nigeria, where militants launched a wave of attacks on oil pipelines leading to a decline in the country's production to its lowest level in more than twenty years.
    And also it will focus attention on a meeting of OPEC in Vienna this week, although most analysts do not expect to make any decisions lead to changes in production.


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