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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 drop at 4% after a rise in the number of US oil rigs

    Rocky
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    • Post n°1

    Oil drop at 4% after a rise in the number of US oil rigs Empty Oil drop at 4% after a rise in the number of US oil rigs

    Post by Rocky Sat 10 Sep 2016, 2:26 am

    [ltr]Oil drop at 4% after a rise in the number of US oil rigs[/ltr]

     Since 09.10.2016 at 09:27 (Baghdad time)
    [ltr]Oil drop at 4% after a rise in the number of US oil rigs 10[/ltr]
    [ltr]Follow-up scales News[/ltr]
    [ltr]Oil prices fell on Saturday 0.4% wasted most of the gains made in the previous session after traders said a tropical storm was the cause of the unexpected drop in US crude inventories this week.[/ltr]
    [ltr]According to Reuters data from Baker Hughes showed energy services company on Friday that the number of oil rigs in the United States rose for the tenth week in a 11-week, recording the longest wave of not reducing the number of platforms since 2011.[/ltr]
    [ltr]The market closed higher three percent marking the first gain in three weeks and relied traders hopes to reach a global agreement after Russia and Saudi Arabia have agreed to cooperate in the market that have an oversupply of crude.[/ltr]
    [ltr]And decreased global London Brent crude rose US $ 1.98 to settle Friday at $ 48.01 a barrel after rising above $ 50 for the first time in two weeks on Thursday. US crude fell by $ 1.74 to $ 45.88 a barrel.[/ltr]
    [ltr]Oil prices rose on Thursday after the publication of government data in the United States showed the biggest weekly decline in crude inventories since January January 1999 last week.[/ltr]
    [ltr]Said James Williams, president of Dblao.ar.ta.ja Economics consulting firm energy "Most of the increase was recorded yesterday was based on a misreading on drop in US crude inventories. But a closer look showed that this (decline in stocks) was the leading cause him occurrence storm led to delays in imports. "[/ltr]
    [ltr]Said Algerian Energy Minister Noureddine Bouterfa on Friday that it may be necessary to conclude two separate agreements on the possible installation for the production of oil, one of the members of OPEC and other producers between the organization and beyond.[/ltr]
    [ltr]But analysts from Morgan Stanley said in a note published on Friday that the chances are not to restore market balance until "late 2017 or maybe even 2018," .anthy 29 / A 43[/ltr]


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