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[rtl]History of edits:: 12.16.2016 8:08 • 88 visits readable[/rtl]
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{International: Euphrates News} Oil prices climbed in Asian markets on Friday after market sources said that Kuwait notified customers it would cut supplies more than expected from the disease next month.
Futures trading , Brent crude prices hit around $ 54.22 a barrel, up 20 cents , or 0.37 percent from the closing price of the previous session.
The West Texas Intermediate crude futures prices trading at about 24 cents a rose 0.47 percent to $ 51.14 a barrel.
Oil prices rose as such after he informed Kuwait, a member of the Organization of the Petroleum Exporting Countries {OPEC}, the customers it would cut supplies starting in January as part of an agreement between OPEC and outside of the oil - producing countries to cut production by about 1.8 million barrels per day to limit the accumulation of fuel supplies , which flooded the market since more than two years.
She said Kuwait Petroleum Corporation, last Tuesday, it was officially informed its customers to reduce the contractual supply of crude oil for the month of January, in line with OPEC 's agreement to cut production to rein in global abundance.
Traders said that oil prices in the market showed a recovery after the Kuwait Petroleum Corporation confirmed the reduced supply of oil is more than expected.
The Bank of Australia and New Zealand, on Friday, "The prices rebounded after news of Kuwait 's decision to reduce the supply of oil to its customers in the United States and European countries."
And it allows for most exporters by reducing the amount of production to customers up to "operational tolerance" under which the state can reduce or increase exporting exports with customers in a short period of notice.
Sources in the market that KPC has informed customers it would cut supplies by more than the limits of "operational tolerance", which led to the recovery of oil prices in the markets Alaseweh.anthy
http://alforatnews.com/modules/news/article.php?storyid=134649
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Oil jumps after Kuwait's decision to cut production more than expected
[/rtl][rtl]History of edits:: 12.16.2016 8:08 • 88 visits readable[/rtl]
{International: Euphrates News} Oil prices climbed in Asian markets on Friday after market sources said that Kuwait notified customers it would cut supplies more than expected from the disease next month.
Futures trading , Brent crude prices hit around $ 54.22 a barrel, up 20 cents , or 0.37 percent from the closing price of the previous session.
The West Texas Intermediate crude futures prices trading at about 24 cents a rose 0.47 percent to $ 51.14 a barrel.
Oil prices rose as such after he informed Kuwait, a member of the Organization of the Petroleum Exporting Countries {OPEC}, the customers it would cut supplies starting in January as part of an agreement between OPEC and outside of the oil - producing countries to cut production by about 1.8 million barrels per day to limit the accumulation of fuel supplies , which flooded the market since more than two years.
She said Kuwait Petroleum Corporation, last Tuesday, it was officially informed its customers to reduce the contractual supply of crude oil for the month of January, in line with OPEC 's agreement to cut production to rein in global abundance.
Traders said that oil prices in the market showed a recovery after the Kuwait Petroleum Corporation confirmed the reduced supply of oil is more than expected.
The Bank of Australia and New Zealand, on Friday, "The prices rebounded after news of Kuwait 's decision to reduce the supply of oil to its customers in the United States and European countries."
And it allows for most exporters by reducing the amount of production to customers up to "operational tolerance" under which the state can reduce or increase exporting exports with customers in a short period of notice.
Sources in the market that KPC has informed customers it would cut supplies by more than the limits of "operational tolerance", which led to the recovery of oil prices in the markets Alaseweh.anthy
http://alforatnews.com/modules/news/article.php?storyid=134649
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