Home
Oil prices rise to more than $ 49 a barrel
10/31/15
BAGHDAD / Sky Press: Crude oil prices rose, Saturday, after data showed a decline in the number of oil platforms operating in the United States for the ninth straight week, suggesting that crude production may drop in the coming months, which could reduce the global supply glut.
Price and got an extra boost from a separate data showed a decline in US crude production in August for the third-lowest level this year.
Brent crude, the global price of Brent crude 66 cents, or about 1.35 percent to $ 49.46 a barrel.
US crude price of 40 cents, or about one percent to $ 46.46 a barrel.
During the entire week heading Brent and US crude gains for the first time in three weeks, after jumping nearly six percent on Wednesday as helped them to halt two weeks of losses, and it was boarding supported by factors including falling more than expected in gasoline and diesel inventories increased less than expected in crude stocks the American.
She said Baker Hughes oil services company, in its follow-up, which has a wide "The US drilling firms stopped work platform 16 a week, which ends on 30 October to decrease the total number of platforms to 578 - the lowest since June 2010".
This is the longest wave of cuts since June, a sign that the continued decline in crude prices push companies to reduce drilling plans which indicates that output could fall in the coming months.
[You must be registered and logged in to see this link.]
10/31/15
BAGHDAD / Sky Press: Crude oil prices rose, Saturday, after data showed a decline in the number of oil platforms operating in the United States for the ninth straight week, suggesting that crude production may drop in the coming months, which could reduce the global supply glut.
Price and got an extra boost from a separate data showed a decline in US crude production in August for the third-lowest level this year.
Brent crude, the global price of Brent crude 66 cents, or about 1.35 percent to $ 49.46 a barrel.
US crude price of 40 cents, or about one percent to $ 46.46 a barrel.
During the entire week heading Brent and US crude gains for the first time in three weeks, after jumping nearly six percent on Wednesday as helped them to halt two weeks of losses, and it was boarding supported by factors including falling more than expected in gasoline and diesel inventories increased less than expected in crude stocks the American.
She said Baker Hughes oil services company, in its follow-up, which has a wide "The US drilling firms stopped work platform 16 a week, which ends on 30 October to decrease the total number of platforms to 578 - the lowest since June 2010".
This is the longest wave of cuts since June, a sign that the continued decline in crude prices push companies to reduce drilling plans which indicates that output could fall in the coming months.
[You must be registered and logged in to see this link.]
