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High oil prices despite the oversupply
9/9/15
BAGHDAD / Sky Press: Crude oil prices rose Wednesday, after the Asian stock markets received a boost from the strong performance in the United States and Europe, although the fuel markets continued to suffer from oversupply.
Asian stocks joined the wave heights in the world today, where markets have stabilized in China and Japanese stocks posted the largest daily gain since the height of the global financial crisis in 2008, and traders said that the atmosphere of optimism and reached the oil markets.
It was the benchmark Brent crude traded at $ 49.64 a barrel 06:45 GMT, up 12 cents from the last adjustment after jumping four percent in the previous session.
US crude record weak performance hostel where 10 cents to $ 45.84 a barrel after it fell in the previous session as fuel consumption is reduced with the end of the summer driving season in the United States.
And remained a list of concerns that high global production offset by an increase in demand slowdown, particularly because of a slowing economy in China.
And speculation about the possibility of supply has received the cooperation of some producers to cut production to support prices slap this week as Russia and Mexico said they would not Tkhvdha their production.
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9/9/15
BAGHDAD / Sky Press: Crude oil prices rose Wednesday, after the Asian stock markets received a boost from the strong performance in the United States and Europe, although the fuel markets continued to suffer from oversupply.
Asian stocks joined the wave heights in the world today, where markets have stabilized in China and Japanese stocks posted the largest daily gain since the height of the global financial crisis in 2008, and traders said that the atmosphere of optimism and reached the oil markets.
It was the benchmark Brent crude traded at $ 49.64 a barrel 06:45 GMT, up 12 cents from the last adjustment after jumping four percent in the previous session.
US crude record weak performance hostel where 10 cents to $ 45.84 a barrel after it fell in the previous session as fuel consumption is reduced with the end of the summer driving season in the United States.
And remained a list of concerns that high global production offset by an increase in demand slowdown, particularly because of a slowing economy in China.
And speculation about the possibility of supply has received the cooperation of some producers to cut production to support prices slap this week as Russia and Mexico said they would not Tkhvdha their production.
[You must be registered and logged in to see this link.]
