Miércoles, 22 Noviembre, 2017

Oil Prices Fall For Third Day

Mauritania’s President Mohamed Ould Abdel Aziz.—Reuters  File Mauritania’s President Mohamed Ould Abdel Aziz.—Reuters File
Malita Javier | 07 Junio, 2017, 11:01

"Oil prices declined after data showed an increase in USA crude inventories, fuelling concerns that markets remained oversupplied despite efforts by top producers Saudi Arabia and Russian Federation to cut output".

Benchmark Brent crude futures were off by 1,8% at US$49,73 per barrel at 14h15 GMT, down 90 cents from the previous close.

US West Texas Intermediate crude futures fell 84 cents to US$47,54 per barrel.

Championship Play-off Final: Aaron Mooy helps fire Huddersfield into English Premier League
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To note, one barrel equals 158,988 liters.

"I think it's still going to be a bit of a debate on the true impact it can have on the oil market", said Olivier Jakob, strategist at Petromatrix.

While there was a dip in OPEC supplies between February and April, a report on Monday by Thomson Reuters Oil Research said OPEC shipments likely jumped to 25.18 million bpd in May, up over 1 million bpd from April.

Covfefe aside, late-night tweets are bad news
They "demonstrate a broader phenomenon: to perform at your personal best, you should get a full night of sleep ". Jones said Twitter use was used as a stand-in for late nights in general.

The rise in USA production has been driven by a record 20th straight weekly climb in oil drilling, with the rig count climbing by 11 in the week to June 2, to 733, the most since April 2015.

The main reasons for the drop in the price adjustments in June 2017 are the strengthening of the rand against the US Dollar and lower crude oil prices.

Reino Unido: May apoya reformas para luchar contra extremismo
El área donde se produjeron los ataques continúa acordonada por la policía, que ha pedido a los londinenses que eviten acudir este domingo al lugar.

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