High oil prices above $ 50 a barrel

[yota691]

High oil prices above $ 50 a barrel

 

 

 

 

 

Author: Editor: mw Reporter:

Number of Views: 1763

 

01/15/2015 18:02

 

Tomorrow Press / Baghdad: Crude prices rose global measurement Brent and US crude above $ 50 a barrel Thursday in light of the weakness of the dollar after the central bank dropped the Swiss from the ceiling and put it three years ago for the price of the franc against the euro. The Swiss currency rose sharply, which led to the euro and the dollar fell. And climb oil and other commodities denominated in dollars with the descent of the US currency. By 1348 GMT, Brent crude rose US $ 1.65 to US $ 50.43 a barrel, while US crude rose US $ 2.71 to US $ 51.06 a barrel.

 

[Officiallytook]

Hmm...

Let the games begin

[army03]

I agree...

[TQueezy]

On the rise. Should mix things up. Do they still need to meet and have their talk about how falling oil prices affect the budget with the prices rising?

[Officiallytook]

Probably TQ lol

[yota691]

A slight recovery of oil will bring him closer to the edge of the $ 50 a barrel

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16-01-2015 06:42 PM

 

 

Oil rose in Asian markets, on Friday, above $ 49 a barrel after the International Energy Agency said that the downward path taken by the recent price may be changed, despite the exclusion of some analysts' price recovery soon, in light of the continued superiority glut outweigh the global demand for gold Black. 
The International Energy Agency, today, it's: 'No one knows the minimum you will live to the market, but the decline has an impact, may not be the price recovery is imminent unless any major disruptions occur, but are increasing signs that indicate that the track is going to change' . 
and saw Agency, which advises industrialized nations on energy policy, the 'oil markets may begin to restore balance starting from the second half of this year.' 
Brent crude price in Asia in trading, today, about 74 cents to $ 49 a barrel and ascended US crude 82 cents to $ 47.07 a barrel. 
He was able Oil gains despite trading in a volatile market after surprised Switzerland markets that are already experiencing Thoya in commodity prices, letting go, yesterday, on the ceiling set by the rate of its currency against the euro. 
The result of these move to the euro's largest daily losses incurred in its history against the Swiss franc, and coming to its lowest level in 11 years against the dollar.

[sandfly]

THANKS

[FlintNPebbles]

I think that they should just set their budget at what it takes to pull the oil out of the ground.  If it's $24...then set the budget at $24 per barrel.   I really know that is not how the budget works...but as long as the prices are falling and rallying just barely to only fall again....seems like it would be a good starting point.

[ronscarpa]

High oil prices above $ 50 a barrel

 

A slight recovery of oil will bring him closer to the edge of the $ 50 a barrel

 

Thanks for these two good news articles Yota ... (+2) Be Blessed brother...!   

Five (5) Star News...IMO...  

[yakayaka]

Hoping this oil rises a good bit yet, i work in the oil and things are not good just now.

[yota691]

Oil fell by Chinese data record and the production of Iraqi high

History of edits:: 19/1/2015 eleven thirty-four p.m. • 35 visits readable

{INTERNATIONAL: Euphrates News} futures mix {Brent crude oil prices fell below} $ 50 a barrel today {Monday}, after Iraq announced a record high of crude production and after the deterioration of the outlook for global economic growth.

It quoted the Chinese state broadcaster for Chinese Prime Aloza Lee Ke Chiang said today that his country faces significant downward pressure on the economy.China declares's biggest energy consumer in the world GDP data next Tuesday and is expected to growth rates show the full year less than the target of 7.5 percent level, and may be the weakest in 24 years. 
He said Iraqi Oil Minister Adel Abdul-Mahdi said yesterday that Iraq produced four million barrels per day in December {December}, its highest level ever, thanks to increased production from the southern ports and supply from the north. Said Abdul-Mahdi said his country is planning a big increase in exports from Kirkuk {northern Iraq} and the Kurdistan region, which would boost production to 600 thousand barrels per day. 
was trading «Brent» at $ 49.42 a barrel at {14:45 T.g}, down 75 cents . The price of US crude contracts {84} cents to $ 47.85 a barrel. Hans Van Cleef economist at «ABN AMRO» and said that «the supply is still much greater than the demand will not be this attitude changed in a matter of weeks only». 
Analysts said crude received some support from the decline in the number of drilling rigs operating in the United States, while refers to a possible decline in production in the future. But they added that the expectations of the biggest gains remain limited. 
In Europe, it will be the main event during the week is the ECB meeting next Thursday, which is sure to witness the launch of a program to buy government bonds, which would also see the largest decline of the euro against the dollar in addition to the pressure will push oil prices to Alhbot.anthy

[Laid Back]

I believe iraq budget calculations are base on $60 a barrel

Go Iraq

Go oil production

Go dinar

Go strong