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Oil falls amid rising dollar and OPEC's blurry agreement
Friday 25-11-2016 | 2:59:50
A d p r
Twilight News / Oil prices fell Friday on rising dollar and uncertainty over whether OPEC will agree to cut production in the Organization meeting next week, but the standard contracts for raw materials is moving to end the week on a nearly four percent gain.
By 1046 GMT, it was the World London Brent crude traded in the futures price of $ 48.55 a barrel, down 45 cents.
US crude futures down 40 cents to $ 47.56 a barrel.
The trading activity in the already allocated contracts gaunt after US Thanksgiving holiday and ahead of the weekend.
And it influenced the market basically the movement of the dollar, which this week reached levels not seen since 2003 against a basket of other currencies.
The US currency from rising demand for fuel has been limited because of the increased cost to the holders of other currencies.
Traders said reports that the state-owned oil giant Saudi Aramco will increase oil supplies to some customers Asians in January cast a shadow over markets as well.
And which contributed to the negative sentiment decline and China's imports of crude oil in October to the lowest level on a daily basis since January.
But some analysts said the fundamentals were little away from the concerns associated with the fate of the Saudi-led plan to deal Organization of Petroleum Exporting Countries change (OPEC) and other producers to cuts in crude production when the group meets next week.
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Friday 25-11-2016 | 2:59:50
A d p r
Twilight News / Oil prices fell Friday on rising dollar and uncertainty over whether OPEC will agree to cut production in the Organization meeting next week, but the standard contracts for raw materials is moving to end the week on a nearly four percent gain.
By 1046 GMT, it was the World London Brent crude traded in the futures price of $ 48.55 a barrel, down 45 cents.
US crude futures down 40 cents to $ 47.56 a barrel.
The trading activity in the already allocated contracts gaunt after US Thanksgiving holiday and ahead of the weekend.
And it influenced the market basically the movement of the dollar, which this week reached levels not seen since 2003 against a basket of other currencies.
The US currency from rising demand for fuel has been limited because of the increased cost to the holders of other currencies.
Traders said reports that the state-owned oil giant Saudi Aramco will increase oil supplies to some customers Asians in January cast a shadow over markets as well.
And which contributed to the negative sentiment decline and China's imports of crude oil in October to the lowest level on a daily basis since January.
But some analysts said the fundamentals were little away from the concerns associated with the fate of the Saudi-led plan to deal Organization of Petroleum Exporting Countries change (OPEC) and other producers to cuts in crude production when the group meets next week.
BACK TO
http://www.ara.shafaaq.com/108514
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