Latest topics
Oil prices are falling because of the glut fears
3 posters
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Oil prices are falling because of the glut fears
by Ponee Fri Aug 26, 2016 7:25 am
It landed crude oil prices, on Thursday, due to the abundance in US crude stocks, renewed concerns about oversupply in the market, as well as investor interest in Asian stocks fuel.
It was trading Brent crude futures price of $ 48.95 per barrel, by at 01:32 GMT, in early Asian trading, down 10 cents, after closing down 1.8 percent earlier.
US crude West Texas Intermediate also fell in futures 9 cents to $ 46.68, after falling 2.8 percent, on Wednesday.
The published data showed the American Petroleum Institute on Tuesday that US crude oil inventories increased by 4.5 million barrels in the week ending August 19 / Aug.
http://aletejahtv.org/index.php/permalink/125338.html
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Oil prices are falling because of the glut fears
by Just4Tom74 Fri Aug 26, 2016 3:26 pm
And your point is????
I remain,
Just4Tom74
I remain,
Just4Tom74
Just4Tom74- VIP Member
- Posts : 833
Join date : 2016-08-07
Age : 81
Re: Oil prices are falling because of the glut fears
by Kevind53 Fri Aug 26, 2016 4:04 pm
Just reporting the news, however it is worth observing because if Iraq is already having trouble paying it's bills, and they are, oil falling further is not going to make it any easier. So how do the pooroos think that they can possibly make a significant increase in the value of their currency? Especially since they will likely have to dip into their reserves.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Re: Oil prices are falling because of the glut fears
by Just4Tom74 Fri Aug 26, 2016 4:25 pm
Having dug into my reserves a very long time ago, I am now to the point where what the oil markets do at this time means diddly to me, but that's just me.
I remain,
Just4Tom74
I remain,
Just4Tom74
Just4Tom74- VIP Member
- Posts : 833
Join date : 2016-08-07
Age : 81
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Phony Tony sez: Full Steam Ahead!
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
» Russia aren't taking any prisoners
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
» ZIGPLACE
» CBD Vape Cartridges
» Classic Tony is back
» THE MUSINGS OF A MADMAN
» Minister of Transport: We do not have authority over any airport in Iraq
» Did Okie Die?
» Hello all, I’m new
» The Renfrows: Prophets for Profits, Happy Anniversary!
» What Happens when Cancer is treated with Cannabis? VIDEO
» An Awesome talk between Tucker and Russell Brand
» Trafficking in children
» The second American Revolution has begun, God Bless Texas
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
» Tucker talking Canada
» Almost to the end The goodguys are winning