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[rtl]History of edits:: 08.07.2016 9:38 • 63 visits readable[/rtl]
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{International: Euphrates News} Oil prices rebounded in Asian trade Friday, refundable some sharp losses suffered in the previous session, when it fell to its lowest level in two months due to government data showed a drop in US crude inventories lower than the expectations of many analysts.
And it stepped up crude oil futures International benchmark Brent crude for thenearest maturity of 54 cents , or about 1.16 percent to $ 46.94 a barrel, while US crude futures rose 44 cents or 0.97 percent to $ 45.58 a barrel.
The prices climb in Asian trade after it suffered a loss of five percent in the previous session after US government data showed a drop in crude inventories was less than most expectations.
but traders said today, falling prices in the previous session in response for thedecline in stocks was exaggerated because crude stocks now fallen almost two consecutive months , and the production of US oil fell again.
the US crude production increased by 12.3 percent since record highs in 2015 and by 8.7 percent since January this year to reach 8.43 million barrels per day, thelowest level since June 2014.anthy
http://alforatnews.com/modules/news/article.php?storyid=121631
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The recovery of oil and traders contend that the fall in prices was exaggerated
[/rtl][rtl]History of edits:: 08.07.2016 9:38 • 63 visits readable[/rtl]
{International: Euphrates News} Oil prices rebounded in Asian trade Friday, refundable some sharp losses suffered in the previous session, when it fell to its lowest level in two months due to government data showed a drop in US crude inventories lower than the expectations of many analysts.
And it stepped up crude oil futures International benchmark Brent crude for thenearest maturity of 54 cents , or about 1.16 percent to $ 46.94 a barrel, while US crude futures rose 44 cents or 0.97 percent to $ 45.58 a barrel.
The prices climb in Asian trade after it suffered a loss of five percent in the previous session after US government data showed a drop in crude inventories was less than most expectations.
but traders said today, falling prices in the previous session in response for thedecline in stocks was exaggerated because crude stocks now fallen almost two consecutive months , and the production of US oil fell again.
the US crude production increased by 12.3 percent since record highs in 2015 and by 8.7 percent since January this year to reach 8.43 million barrels per day, thelowest level since June 2014.anthy
http://alforatnews.com/modules/news/article.php?storyid=121631
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