Rise in Brent crude to $ 51 a barrel

[yota691]

Rise in Brent crude to $ 51 a barrel

History of edits:: 8/19/2016 10:52 • 99 visits readable

[Oan- up] 
Crude oil prices rose above $ 51 a barrel on Friday to reach the highest level in eight weeks and tend to rise for the seventh straight session amid hopes that the producers agree on measures to support prices as boosted investor sentiment.

By at 06:47 GMT , International benchmark Brent crude traded in the futures price of $ 51.17 a barrel , up 28 cents ,or 0.6 percent from its price at the previous settlement. 
Brent prices remain at a rally that lifted the market more than 20 percent since early August. 
the crude has reached US $ 51.22 a barrel earlier. 
was trading WTI US mediator in the futures at $ 48.69 a barrel , up 47 cents , or one percent from the previous close. 
he said Nigerian oil Minister Emmanuel Ebi Katcheko Thursday that it is unlikely to reduce the Organization of production Petroleum exporting countries [OPEC] , but there are hopes that contributes producers meeting in Algeria next month to support crude prices. 
However, some analysts and traders cautioned that the rally exaggerated , especially since the planned between OPEC and major producers talks outside such as Russia on curbing surplus increased production is unlikely to lead to a reduction of oversupply. 
Fouad said Razak Zada analyst market at Forex.com , "some people - or more precisely hopes - that OPEC may come with a plan to support prices at its informal meeting next month , it is believed to something we suspect it happens."

 

[yota691]

Global oil prices above $ 51st barrel in trading Friday

History of edits:: 8/19/2016 10:40 • 119 visits readable

{International: Euphrates News} global oil prices continued to rise on Friday, surpassing the 51 barrier dollars a barrel.

Brent oil price futures for October / October next by 0.37% for clues Thursday to $ 51.06 a barrel, while ore prices pleasure WTI by 0.77% to $ 48.59. 
The oil market received support now on the back of expectations for greater measures oil producers, which aims to restore the balance between supply and demand. 
in the past week, an official of the Organization of Petroleum exporting countries "OPEC" sources announced that the organization plans to hold an informal meeting on the sidelines of the international energy Forum in Algeria in September / September. 
She Saudi Arabia and Russia later , their willingness to participate in coordinated action to support the market. 
It is expected to convene a meeting comprising of producers and consumers in Algeria, from 26 to 28 September / Oilol.anthy

[King Bean]

Going the right way to help Iraq.Thanks Yota. 

[EagleEye]

up...up...up.....!!

 

[Bunk]

I would rather pay $2 a gallon than $3 .... Sorry 

[chinadawg]

Adam said we need the oil to start rising in price, I'll pay the higher price at the pump.

[Happy Man]

I would pay higher price of gaz if it meant an RV

[davis411]

47 minutes ago, Happy Man said:

I would pay higher price of gaz if it meant an RV

with you on that

give me a 1 to 1 and charge me triple

 

[DoD]

Summer is about over an the supply and demand thingy thingy will go down. If oil gets to 60 I'll be surprised, school starting an less demand. I have a lot of hopeium but can't see why the price of oil needs to go 60-70 a barrel...

[sandfly]

Happy I second that 

[idplzr]

Bring it

[Bunk]

19 hours ago, Happy Man said:

I would pay higher price of gaz if it meant an RV

The key word is If.

[SnowGlobe7]

11 minutes ago, Bunk said:

The key word is If.

I so agree......a HUGE IF

[new york kevin]

The price of Brent Crude, the sweetest blend (I believe) was $50.88 ppb at end of day 08/19/16 on  oil-price.net    I believe the experts said  that one of the million pieces of the puzzles that is the RV, is the price of oil in the $60 ppb range. Or whatever the GOI pegs the ppb of oil at in their budget ( I say). Plus security in country. If the Russians keep bombing ISIS as they are, and without warning as we should be bombing,  and the Peshmerga get the full cadre of weapons they need to prosecute the ground war, then the security portion should fall into place. Cannot forget the HCL passing, or some other law that regulates the distribution of oil money.

[Candy01]

On 8/19/2016 at 3:08 PM, chinadawg said:

Adam said we need the oil to start rising in price, I'll pay the higher price at the pump.

ABSOLUTELY, AND GLADLY!!

[calkid11]

Thank You YOTA