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 Oil prices are falling because of the glut fears DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Oil prices are falling because of the glut fears

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 Oil prices are falling because of the glut fears Empty Oil prices are falling because of the glut fears

Post 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

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 Oil prices are falling because of the glut fears Empty Re: Oil prices are falling because of the glut fears

Post by Just4Tom74 Fri Aug 26, 2016 3:26 pm

And your point is????

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question question question question question
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 Oil prices are falling because of the glut fears Empty Re: Oil prices are falling because of the glut fears

Post 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.

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 Oil prices are falling because of the glut fears Empty Re: Oil prices are falling because of the glut fears

Post 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.

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sorry sorry sorry sorry sorry
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