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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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Lower oil prices amid doubts about OPEC's application to cut production

rocky
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Lower oil prices amid doubts about OPEC's application to cut production Empty Lower oil prices amid doubts about OPEC's application to cut production

Post by rocky Thu Dec 08, 2016 4:22 am

Lower oil prices amid doubts about OPEC's application to cut production
Wrote: December 8, 2016
Lower oil prices amid doubts about OPEC's application to cut production %D9%86%D9%81%D8%B7
Oil prices gave up some of the gains made in early trade to turn into a decline in Asian trading on Thursday, amid mixed data on US oil stocks and doubts about OPEC cuts production application but a weaker dollar supported prices.
By 0659 GMT, futures trading Gerry global crude measurement Brent 16 cents lower at $ 52.84 a barrel.
Prices rose to $ 53.20 a barrel in early trading from today's meeting.
The decline in US crude West Texas Intermediate 15 cents to $ 49.62 a barrel after rising to $ 50.07 in early trading.
The US oil inventories fell 2.4 million barrels in the week ending on the second of December, compared with analysts' expectations for a drop of one million barrels.
But stocks in the Cushing, Oklahoma - delivery futures of the American Petroleum Center - increased 3.8 million barrels last week, the biggest increase since 2009, according to data from the US Energy Information Administration.
Oil has risen since reached the Organization of the Petroleum Exporting Countries (OPEC) and Russia, a historic agreement last week to cut production to drain the glut of global supply and supporting prices.

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