Oil closes down and end the week on strong gains


History of edits:: 02/27/2016 16:1421 visits readable
[Oan- up]
Oil prices fell due to profit – taking after strong gains over the week pushed US crude to its biggest weekly increase in seven years.
She wore prices early gains and turned down following the publication of the latest weekly data from Baker Hughes oil services company, which showed a tenth weekly decline in a row in the number of oil rigs in theUnited States, the positive data of oil , but traders and investors chose to sell for a profit.
And ended the global Brent crude contracts Brent crude for front – month low the trading session 19 cents , or about 0.54 percent recorded at the settlement of $ 35.10 a barrel after they had jumped earlier in the session to $ 37 , its highest level since the fifth of January.
closed US crude futures lower 29 cents , or 0.9 percent to $ 32.78 a barrel after they had jumped about $ 1.7 earlier Friday.
the end Brent week’s gains of more than 6 percent, while crude record US jump 11 percent over the week , is the largest weekly increase in seven years.
the price of oil surged in early trade on Friday on news of a pipeline in Iraq and another in Nigeria, causing disruption to withhold more than 800 thousand barrels per day from the global market over the next twoAlasusan at least.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s