Crude prices move closer to $38/barrel

Oil producing companies will have something to cheer about this weekend as crude prices, which had experienced a serious downward slope, are now bouncing back.

According to reports by Reuters, the crude oil futures edged up on Friday, March 4, 2016 as traders and analysts are looking up to the US job data for further momentum to rising prices.
crude oil

The report showed that Brent futures rose 19 cents to 37.26 dollars a barrel after settling 14 cents higher in the previous session as analysts predict a minimum of of 5 percent gain to crude benchmark this weekend.

Furthermore, it showed that the US crude futures traded up 13 cents to 34.70 dollars a barrel as it has settled down nine cents in the previous session.

The US government energy information administration informed also that while US crude inventories rose to a new record of 517.98 million barrels last week, the output fell for a sixth straight week to 9.08 million barrels a day with the new development.
http://www.bengist247.com/2016/03/crude-prices-move-closer-to-38barrel.html?m=0

Posted: at 4-03-2016 09:38 PM (8 years ago) | Upcoming

nice one o

Posted: at 6-03-2016 03:09 AM (8 years ago) | Gistmaniac

hahahah yes oooh na good news oh .....aaah waiting sef....make e rise well

Posted: at 13-03-2016 11:56 AM (8 years ago) | Hero

Dats d change we expect

Posted: at 15-03-2016 10:09 PM (8 years ago) | Hero

abeg make PMB do more waka to more
countries....so that they wil be a collective
agreement on oil price....ooooh
..

Posted: at 20-03-2016 09:37 AM (8 years ago) | Hero