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High oil prices because of fears of declining supply
2015/03/06
Oil prices rose in thin trading, Friday, after the recorded decline in late trading Thursday, amid continuing if oscillation, between optimism about declining global supply fears of falling demand.
The remarks by Saudi oil Minister Ali al-Nuaimi on expectations of price stability and the decline in production of Libya from raw because of armed attacks against oil fields, have caused in case of optimism resulted in higher oil prices during trading Thursday, before ending trading down because of worries about falling demand from China.
The company "Baker Hughes" oil services, a change in the number of platforms in the US oil exploration during the past week, after it revealed a decline during the week before last 33 platform to 986.
The price of futures contracts for Brent crude to about 0.8% to $ 60.97, as the price of us crude delivered next April by about 0.6 percent to 51.07 dollars a barrel. Finished/25 t
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2015/03/06
Oil prices rose in thin trading, Friday, after the recorded decline in late trading Thursday, amid continuing if oscillation, between optimism about declining global supply fears of falling demand.
The remarks by Saudi oil Minister Ali al-Nuaimi on expectations of price stability and the decline in production of Libya from raw because of armed attacks against oil fields, have caused in case of optimism resulted in higher oil prices during trading Thursday, before ending trading down because of worries about falling demand from China.
The company "Baker Hughes" oil services, a change in the number of platforms in the US oil exploration during the past week, after it revealed a decline during the week before last 33 platform to 986.
The price of futures contracts for Brent crude to about 0.8% to $ 60.97, as the price of us crude delivered next April by about 0.6 percent to 51.07 dollars a barrel. Finished/25 t
[You must be registered and logged in to see this link.]
