Oil hits record high for 2016

by **Rocky** Wed 08 Jun 2016, 2:43 am

Rocky: Admin Assist; Posts : 281148
Join date : 2012-12-21

Post n°1

Oil hits record high for 2016

by Rocky Wed 08 Jun 2016, 2:43 am

[ltr]Oil hits record high for 2016[/ltr]

Since 06.08.2016 at 09:36 (Baghdad time)
[ltr]

[/ltr]
[ltr]Follow-up - the balance of News[/ltr]
[ltr]Oil prices hit their highest level for the year 2016 to end US crude above $ 50 a barrel for the first time in nearly a year due to expectations of declining domestic stocks and fears of a global supply shortage caused by the attacks on the Nigerian oil sector.[/ltr]
[ltr]The results of a Reuters poll of likely drop in US crude stocks of 2.7 million barrels last week to continue to decline for the third consecutive week.[/ltr]
[ltr]Crude oil surged over the last two sessions after the rebels vowed to the Niger Delta in Nigeria, the entire production of the country, which until last year was Africa's largest oil producer, to stop.[/ltr]
[ltr]Domenech said Chirtchila of Energy Management Institute in New York, "the market is still worried about the sudden supply disruptions which is the most recent in the additional closures, Nigeria.[/ltr]
[ltr]"With the industry expected to fall Total US crude oil inventories in the current week's reports, the bulls on the market downturn are still reluctant to enter."[/ltr]
[ltr]Futures rose US crude West Texas Intermediate 67 cents, equivalent to 1.4 percent of the settlement price is determined at $ 50.36 a barrel. This is the first settlement of the crude above $ 50 since July 2015. The highest price of the session of $ 50.53, a peak dating back to October.[/ltr]
[ltr]And it identified settlement in Brent crude oil futures on the rising 89 cents, or 1.8 percent, at $ 51.44. And record crude of $ 51.53, which is also the highest price since October.[/ltr]
[ltr]The total value of both Brent and West Texas Intermediate doubled since winter , when record below their levels since 2003.finished 29/4 e[/ltr]

[ltr]https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
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by **Rocky** Wed 08 Jun 2016, 3:59 am

Rocky

Rocky: Admin Assist; Posts : 281148
Join date : 2012-12-21

Post n°2

Are you up the price of oil to $ 60 a barrel?

by Rocky Wed 08 Jun 2016, 3:59 am

Are you up the price of oil to $ 60 a barrel?

8/6/2016 0:00

[rtl] LONDON ( Reuters ) -
keeps oil prices to stay in the range of fifty dollars per barrel, since the days prevail oil market optimism about the continuing trend to climb for a spin prices at the level of 55 - $ 60 per barrel by the end of year, no surprises disturb the equation of supply and demand did not occur. The
last reason direct to stabilize the prices are high is the decline in the dollar exchange rate with the disappearance spree markets the possibility to raise US interest rates this month following the monthly figures pointed to fears of a lack of growth of the US economy strength.
but that could change with any comments from the Federal reserve ( the US central bank) on the possibility of a rate hike and then rise in the dollar , which is inversely proportional to oil, gold and other commodities denominated in dollars of the price.
but there are other factors, non - real - time, contributed to the stability of the oil price may lead to the continued rise by the autumn and winter.
those factors related to the equation of supply and demand or as it is called among experts and analysts: market fundamentals.
there 's consumption of commercial stocks in the United States and other major consuming countries for energy, coinciding with the cessation of production in some locations such as Nigeria as a result of strikes and attacks on oil facilities.
it absorbs more than a million barrels per day of a surplus of supply over demand existing in the market, which contribute significantly increase Iraq 's production and to some extent Iran.
in the case under the production of the rest of the major producing countries (OPEC) and outside, such as Saudi Arabia and Russia, without a significant increase will help supply the balance of demand and the continued rise curve .
it will be back to seasonal factors, such as increased global demand as a result of theuse of cars seasons long travel and then the use of heating oil in the northern hemisphere, to affect the market naturally could mean a possible rise in prices to $ 60 a barrel by next winter. The most important factor here is will continue to gradually return of shale oil production to the market, what may make the stability of the market fundamentals fragile, it can put pressure on the prices down.
With the arrival of the price per barrel to $ 50 began a number of production platforms ,which stopped in the last two years to return to work.
in the event of continued price increases platforms will revert more to work, and thegrowing demand for energy is not available will glut the display market.
more observers of the oil market believes that the month of June , the current and next July, would be crucial in determining the trend in oil prices for the rest of next year and may, of course , if surprises did not occur in any of the ends of the market equation: supply and demand.[/rtl]

[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=117819[/rtl]

Established in 2006 as a Community of Reality

Established in 2006 as a Community of Reality

Established in 2006 as a Community of Reality

Oil hits record high for 2016

Oil hits record high for 2016

Are you up the price of oil to $ 60 a barrel?

Are you up the price of oil to $ 60 a barrel?

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