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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 jumps 6% after OPEC reached an agreement to curb production in November

rocky
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 Oil jumps 6% after OPEC reached an agreement to curb production in November Empty Oil jumps 6% after OPEC reached an agreement to curb production in November

Post by rocky Thu 29 Sep 2016, 6:17 am

[size=36][size=33]Oil jumps 6% after OPEC reached an agreement to curb production in November[/size][/size]
Ali Abdul Salman 45[ltr]  09/29/2016[/ltr]

 Oil jumps 6% after OPEC reached an agreement to curb production in November 57ecbb5e11b79







 Stepped up oil prices about six percent at the settlement on Wednesday after reaching theOrganization of the Petroleum Exporting Countries (OPEC) to agree to curb crude production in the formal meeting in November , the first agreement of the organization to cut production since 2008 after the collapse of the market because of oversupply. 
Officials said OPEC Reuters that OECD countries reached an agreement to reduce production to a range 32.5-33 million barrels per day in the talks held on the sidelines of theinternational energy Forum in Algeria. 
the estimated OPEC 's current production at 33.24 million barrels a day. 
he said Iranian oil Minister Bijan Zznkenh "We decided to cut production of about 700 thousand barrels per day. " 
officials of the Organization, said that OPEC will agree production of each Member State levels at its meeting in Vienna on November 30. Having access to the level targeted byOPEC will seek the organization behind the support of independent producers to help ease oversupply. 
The price of the global London Brent crude to $ 2.72 , or 5.9 percent , to $ settle at US $ 48.69 a barrel , after reaching its highest level in more than two weeks at $ 48.96 a barrel . 
ascended WTI US mediator 2.83 , or 5.3 percent , to $ settle at US $ 47.05 a barrel , after itshighest level since the eighth of September record at $ 47.45 a barrel. 
the extended rally in oil to the stock market where climbed energy stock index on Wall Street four percent to record the biggest daily gains since January. 
oil prices fell to less than half its level in mid - 2014 when it was above $ 100 a barrel , with the rise of shale oil production in the United States as well as an abundance of other global supply and production of OPEC.


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