yota691 Posted January 22, 2016 Report Share Posted January 22, 2016 Oil recovery and continues to exceed $ 30 Friday 22-01-2016 | 1:09:00 EM Twilight News / Oil prices rose five percent on Friday to exceed the level of $ 30 a barrel, which Achtergueth last week amid cold weather in the United States and Europe and the rise of the financial markets. US crude rose US $ 1.26 to US $ 30.79 a barrel by 0732 GMT, to rise more than four dollars above its lowest level in 12 years of $ 26.19 a barrel and heading for a weekly gain of more than four percent. And increased global Brent crude $ 1.50 to $ 30.75 a barrel away from the low level of $ 27.10 a barrel and heading for a weekly gain of more than six percent. Oil prices have found support in the severe cold and snow storms that swept across the east coast of the United States and elsewhere in Europe as it has led to higher demand for heating oil, the weather. Quote Link to comment Share on other sites More sharing options...
limopeter Posted January 22, 2016 Report Share Posted January 22, 2016 This is great news for the oil industries as the big cartels need between $50-$55 to survive Quote Link to comment Share on other sites More sharing options...
jeepguy Posted January 22, 2016 Report Share Posted January 22, 2016 I was thinking , it is almost like the silicon valley bubble , or housing bubble , it had gotten outta hand on oil pricing , over 100 per barrel , I had been thinking it `s bubble had just bust under the weight lie the others ... still could be the same { i.m.o. } but also the other reason it reached that value ,I guess , was the fact Iraq , was in turmoil from the saddam out take , and iran from the sanctions ... now that these 2 players are back on line , oil I suppose will be in a steady holding place of around 50 too 60 , like limopeter was saying ! { and hopefully gas pricing will be and stay where it is at for 2 or more years } Quote Link to comment Share on other sites More sharing options...
easyrider Posted January 22, 2016 Report Share Posted January 22, 2016 (edited) interesting lmao... oil never stays low for long. Edited January 22, 2016 by easyrider 2 1 Quote Link to comment Share on other sites More sharing options...
docneedles Posted January 22, 2016 Report Share Posted January 22, 2016 It will be interesting to watch the stock market today. The market has been so reactive about the low price of oil. Good news that the price rose $1.26 in value. Thanks Yota and GM 1 Quote Link to comment Share on other sites More sharing options...
RV4CandyMan Posted January 22, 2016 Report Share Posted January 22, 2016 Thanks Yota! Quote Link to comment Share on other sites More sharing options...
TQueezy Posted January 22, 2016 Report Share Posted January 22, 2016 Seems like OPEC's plan to limit supply is helping raise the price? Maybe? Quote Link to comment Share on other sites More sharing options...
yota691 Posted January 25, 2016 Author Report Share Posted January 25, 2016 Oil re-landing again Monday 25-01-2016 | 1:27:03 end Twilight News / lost Brent crude, on Monday, to $ futures fell to $ 31.18 a barrel, up more than 4 percent, after rising 10 percent, last Friday. The price of oil has risen 10 percent in one of the largest daily increases at all, according to the Reuters reported. Brent rose 8 cents to $ 32.26 a barrel at 02:21 GMT, after arriving to $ 32.69 a barrel earlier in the day, while Brent had closed at 32.18 dollars a barrel in the previous session. US crude rose 5 cents to $ 32.24 a barrel, compared to highs during the trading session of $ 32.64 earlier and its price at the close of $ 32.19. Quote Link to comment Share on other sites More sharing options...
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