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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Drop in oil below $ 50 a barrel because of the increased production

    Rocky
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    • Post n°1

    Drop in oil below $ 50 a barrel because of the increased production Empty Drop in oil below $ 50 a barrel because of the increased production

    Post by Rocky Mon 03 Oct 2016, 2:18 am

    [ltr]Drop in oil below $ 50 a barrel because of the increased production[/ltr]

     Since 03.10.2016 at 10:10 (Baghdad time)
    [ltr]Drop in oil below $ 50 a barrel because of the increased production 27_1[/ltr]
    [ltr]Follow-up scales News[/ltr]
    [ltr]Oil prices dropped to fall below $ 50 a barrel on Monday, despite last week's agreement by OPEC to reduce production ceiling, with investors skeptical that such a move is sufficient to rein in production that exceeds the amount of consumption and oversupply.[/ltr]
    [ltr]And it amounted to futures trading, Brent crude oil, down by about 35 cents, or 0.7 percent, to reach a value of $ 49.84 a barrel at 0053 GMT.[/ltr]
    [ltr]Ore prices also fell, West Texas Intermediate 40 cents or 0.83 percent to $ 47.84 a barrel.[/ltr]
    [ltr]Activity will be limited oil trading Monday due to a public holiday in China and Germany, which means major Asian and European markets closed.[/ltr]
    [ltr]Lower prices came despite last week's agreement by the Organization of Petroleum Exporting Countries members (OPEC) to cut production to between 32.5 million bpd and 33.0 million bpd from around 33.5 million barrels a day, with the postponement of entering into the final touches to cut details for the meeting of OPEC in November.[/ltr]
    [ltr]Traders said the decline in prices came despite the decision to cut production that has been announced, while surplus production remained at a standstill at the moment, which means that this step is not sufficient to achieve less than the amount of consumption of oil production.[/ltr]
    [ltr]In spite of this, the British bank said it does not expect a repeat price collapse as markets witnessed late last year after a rally early in 2015.anthy 29 / A 43[/ltr]




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