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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


    Oil falls but ends the year on the biggest annual gain since 2009

    Rocky
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    • Post n°1

    Oil falls but ends the year on the biggest annual gain since 2009 Empty Oil falls but ends the year on the biggest annual gain since 2009

    Post by Rocky Sun 01 Jan 2017, 3:34 am

    Oil falls but ends the year on the biggest annual gain since 2009


    Oil falls but ends the year on the biggest annual gain since 2009 Image




    Oil prices closed slightly lower on the last trading this year , days of the settlement, but made its biggest annual gain since 2009 after the Organization of Petroleum Exporting Countries agreed [OPEC] with major producers outside the cut crude production to reduce the glut of global supply , which put pressure on prices in more than two years. 

    The number of US rigs by two platforms in the ninth weekly increase in a row as reported by Baker Hughes oil services company. But the total number of which amounted to 525 platform in the last week of the year is still below last year 's level by 11 platform. 

    It fell WTI US mediator in the futures five cents , or about 0.1 percent to $ 53.72 a barrel as the global London Brent crude down three cents , or about 0.1 percent to $ 56.82 a barrel. 

    Brent about 52 percent this year , while US crude rose about 45 percent to its annual Mkasphma Van largest since 2009 , when Brent rose WTI 78 percent and 71 percent respectively. 

    Oil prices have slid since the summer of 2014 from more than $ 100 a barrel because of oversupply , which is due to reasons including the US shale oil boom. And it intensified the downward trend of prices later in that year , while Saudi Arabia has refused to conclude any agreement for OPEC to cut production and affected the defense of market share. 

    But OPEC historic deal about reducing production reached over three months starting from September , reflecting the return of the organization , which includes 13 members to adopt the old goal of price protection. 

    Oman and informed customers it would cut allocated to them under fixed - term contracts of contractual quantities of five percent in March but did not say whether the supply cuts will continue after that.

    http://www.ikhnews.com/index.php?page=article&id=150838
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