| Oil prices rise further as dollar drops | |
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+320manlotto isaac311 smile2012 7 posters |
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smile2012 Ultimate
Sex : male Posts : 20755 Location : lag
| Subject: Oil prices rise further as dollar drops 2015-05-02, 19:49 | |
| Oil prices rose again Thursday on data suggesting the US crude glut is easing as the dollar weakened against the euro. US benchmark West Texas Intermediate for June delivery rose $1.05 to $59.63 a barrel on the New York Mercantile Exchange. European benchmark Brent oil for June delivery gained 94 cents to $66.78 a barrel in London. Analysts said the oil market continued to react to Wednesday’s US Department of Energy inventory report, which showed a 500,000 barrel drop in petroleum stocks to 61.7 million barrels at the key Cushing, Oklahoma trading hub. While the decline was modest, it marked the first drop since late November. Traders are taking the decline as a sign producers are cutting back at key US petroleum sites, such as the Bakken region in North Dakota, analysts said. “The oil price ‘wants’ to rise – this is the impression one is bound to gain if one looks at the events that have taken place on the oil market in recent weeks,” Commerzbank said. “Certainly market participants are paying more attention and responding more to the ‘positive’ rather than to the ‘negative’ reports.” Oil prices were given an additional upward push by the retreat in the dollar against the euro and some other currencies following Wednesday’s US economic report showing growth of just 0.2 percent in the first quarter. A Fed statement Wednesday left open the timing of an increase as it waits for more signs of economic progress. A weak dollar encourages consumption of crude and other dollar-denominated commodities outside the US. | |
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isaac311 Enthusiast
Sex : Male Posts : 1920 Location : nairobi
| Subject: Re: Oil prices rise further as dollar drops 2015-05-02, 20:24 | |
| someone cheating people here. | |
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20manlotto Enthusiast
Sex : male Posts : 1819
| Subject: Re: Oil prices rise further as dollar drops 2015-05-02, 21:02 | |
| - isaac311 wrote:
- someone cheating people here.
U | |
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OLOBE Professional
Sex : male Posts : 2570
| Subject: Re: Oil prices rise further as dollar drops 2015-05-02, 21:40 | |
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eddyvic Expert
Sex : male Posts : 4484 Location : Abk
| Subject: Re: Oil prices rise further as dollar drops 2015-05-03, 05:21 | |
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Twogoods Expert
Sex : Male Posts : 4989 Location : Africa Best Lotto Forecaster. EDO BENIN CITY
| Subject: Re: Oil prices rise further as dollar drops 2015-05-03, 06:18 | |
| - eddyvic wrote:
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Check ur PM | |
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eddyvic Expert
Sex : male Posts : 4484 Location : Abk
| Subject: Re: Oil prices rise further as dollar drops 2015-05-03, 07:17 | |
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eddyvic Expert
Sex : male Posts : 4484 Location : Abk
| Subject: Re: Oil prices rise further as dollar drops 2015-05-03, 07:20 | |
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Twogoods Expert
Sex : Male Posts : 4989 Location : Africa Best Lotto Forecaster. EDO BENIN CITY
| Subject: Re: Oil prices rise further as dollar drops 2015-05-03, 07:26 | |
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Twogoods Expert
Sex : Male Posts : 4989 Location : Africa Best Lotto Forecaster. EDO BENIN CITY
| Subject: Re: Oil prices rise further as dollar drops 2015-05-03, 07:26 | |
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eddyvic Expert
Sex : male Posts : 4484 Location : Abk
| Subject: Re: Oil prices rise further as dollar drops 2015-05-03, 08:08 | |
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OLOBE Professional
Sex : male Posts : 2570
| Subject: Re: Oil prices rise further as dollar drops 2015-05-03, 09:32 | |
| 4 ur informatn oil price is nt rise, a problem just behind it. | |
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delafirst Leader
Sex : mele Posts : 5418 Location : Accra
| Subject: Re: Oil prices rise further as dollar drops 2015-05-03, 10:03 | |
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OLOBE Professional
Sex : male Posts : 2570
| Subject: Re: Oil prices rise further as dollar drops 2015-05-03, 11:04 | |
| - delafirst wrote:
- Really..
Yea | |
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isaac311 Enthusiast
Sex : Male Posts : 1920 Location : nairobi
| Subject: Re: Oil prices rise further as dollar drops 2015-05-03, 11:48 | |
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| Subject: Re: Oil prices rise further as dollar drops | |
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| Oil prices rise further as dollar drops | |
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