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High oil prices as a result of the low number of US drilling companies and the falling dollar
10/12/15
BAGHDAD / Sky Press: Oil prices rose on Monday, at the start of Asian trading after the US drilling companies reduced the number of oil rigs for the sixth consecutive week, while traders waited for the deployment of Chinese trade data in the wake of a national holiday, which lasted a week.
She said Baker Hughes oil services company, said that "drilling companies downgraded nine rigs during the week that ended on the ninth of October, dropping to 605 the number of drilling rigs."
Futures prices for WTI and US registered broker 49.79 dollars a barrel, up 16 cents from the last adjustment to him, with futures contracts for Brent crude rose 33 cents to $ 53.24 a barrel.
The dollar fell to its lowest level in three weeks against the euro after the minutes showed that the Federal Reserve's policy setting meeting in September not to hasten the Council to increase interest rates.
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10/12/15
BAGHDAD / Sky Press: Oil prices rose on Monday, at the start of Asian trading after the US drilling companies reduced the number of oil rigs for the sixth consecutive week, while traders waited for the deployment of Chinese trade data in the wake of a national holiday, which lasted a week.
She said Baker Hughes oil services company, said that "drilling companies downgraded nine rigs during the week that ended on the ninth of October, dropping to 605 the number of drilling rigs."
Futures prices for WTI and US registered broker 49.79 dollars a barrel, up 16 cents from the last adjustment to him, with futures contracts for Brent crude rose 33 cents to $ 53.24 a barrel.
The dollar fell to its lowest level in three weeks against the euro after the minutes showed that the Federal Reserve's policy setting meeting in September not to hasten the Council to increase interest rates.
[You must be registered and logged in to see this link.]
