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Oil falls for a fifth day with the increase in production
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Oil falls for a fifth day with the increase in production
by RamblerNash Tue May 24, 2016 2:21 pm
Oil falls for a fifth day with the increase in production
24-05-2016 08:31 PM
Orbit News -
Oil prices fell Tuesday for the fifth day in a row, with the major exporters to increase the size of their production, and promote oil falling with the strengthening US dollar.
It fell Brent crude futures about 45 cents to $ 47.90 to become a barrel, trading at 8:45 GMT, after losing 37 cents in trading the previous session.
US crude fell 34 cents to $ 47.74 to become a barrel, and oil was lost in the previous session 33 cents.
After the high prices on the oil market dominated due to production disruption in Canada and Nigeria, re - price decline as a result of increased Iraqi oil production , which reached 4.7 million barrels per day, as well as an interview with Iran to lift its production capacity of 2.2 million barrels of oil a day by the middle of summer.
One of the things that contributed to the lifting of falling oil prices, rising dollar, which makes commodities sold in dollars on extravagant users of other currencies.
The strike witnessed by French oil refinery has hampered demand for crude oil.
Shows a poll conducted by the agency 'Reuters' that the US commercial inventories fell by 2.5 million barrels of oil over the past Alospao
LINK
24-05-2016 08:31 PM
Orbit News -
Oil prices fell Tuesday for the fifth day in a row, with the major exporters to increase the size of their production, and promote oil falling with the strengthening US dollar.
It fell Brent crude futures about 45 cents to $ 47.90 to become a barrel, trading at 8:45 GMT, after losing 37 cents in trading the previous session.
US crude fell 34 cents to $ 47.74 to become a barrel, and oil was lost in the previous session 33 cents.
After the high prices on the oil market dominated due to production disruption in Canada and Nigeria, re - price decline as a result of increased Iraqi oil production , which reached 4.7 million barrels per day, as well as an interview with Iran to lift its production capacity of 2.2 million barrels of oil a day by the middle of summer.
One of the things that contributed to the lifting of falling oil prices, rising dollar, which makes commodities sold in dollars on extravagant users of other currencies.
The strike witnessed by French oil refinery has hampered demand for crude oil.
Shows a poll conducted by the agency 'Reuters' that the US commercial inventories fell by 2.5 million barrels of oil over the past Alospao
LINK
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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