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Falling oil prices in Asian markets
9/14/15
BAGHDAD / Sky Press: Oil prices fell on Monday, in the Asian markets due to the decline in demand pressure on the markets despite the fact that the US price of oil futures received some support from the decline in the number of US rigs.
And we went down the price of Brent crude oil futures for the month of 29 cents to $ 47.85 a barrel 0649 GMT, although the stability of US crude futures at $ 44.62 without registration, little changed from the price of crude in the last adjustment.
The decline in the number of US rigs increased by ten platforms to the 652 platform last week, recording the second weekly decline in a row at a time when reserves fell in the main oil storage depot in Cushing in Oklahoma for five of the last seven weeks to record US crude higher bonus price in the spot contracts in several years in exchange for crude prices in the futures.
The International Energy Agency said that "the ongoing reduction of production will lead to a rebalancing of the market by next year, but several banks said that the outlook is still weak at the moment."
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9/14/15
BAGHDAD / Sky Press: Oil prices fell on Monday, in the Asian markets due to the decline in demand pressure on the markets despite the fact that the US price of oil futures received some support from the decline in the number of US rigs.
And we went down the price of Brent crude oil futures for the month of 29 cents to $ 47.85 a barrel 0649 GMT, although the stability of US crude futures at $ 44.62 without registration, little changed from the price of crude in the last adjustment.
The decline in the number of US rigs increased by ten platforms to the 652 platform last week, recording the second weekly decline in a row at a time when reserves fell in the main oil storage depot in Cushing in Oklahoma for five of the last seven weeks to record US crude higher bonus price in the spot contracts in several years in exchange for crude prices in the futures.
The International Energy Agency said that "the ongoing reduction of production will lead to a rebalancing of the market by next year, but several banks said that the outlook is still weak at the moment."
[You must be registered and logged in to see this link.]
