Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By MTECHTIPS
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

MTECHTIPS;-Brent, NYMEX gain in Asia after China trade figures, rig count eyed

Friday, January 13, 2017 1:38

% of readers think this story is Fact. Add your two cents.

MTECHTIPS;-Brent, NYMEX gain in Asia after China trade figures, rig count eyed

MTECHTIPS- Crude oil prices gained in Asia on Friday with investors looking ahead to rig count data in the U.S. after finding support in China trade data for demand prospects. On The New York mercantile Exchange rose 0.15% to $53.09 a barrel. Brent crude on London’s ICE rose 0.12% to $56.08 a barrel. In China, the trade balance came in at a surplus of $40.82 billion for December with exports down 6.1% and imports up 3.1%. The data also showed record Chinese imports of oil at 8.56 million barrels per day (bpd) in December, with forecasts for further gains in 2017 by analysts. Last week, Baker Hughes said the number of rigs drilling for oil in the U.S increased by 4 to 529, the tenth straight weekly rise and a level not seen in more than a year. Overnight, oil was up over 1% Thursday on reports Saudi Arabia has cut output by more than agreed. Saudi Arabia agreed to cut output by 486,000 barrels a day to 10.058 million. That was part of a six-month accord on output cuts of 1.8 million barrels a day by OPEC and non-OPEC producers from the start of this year. Al-Falih was also reportedly as saying Saudi Arabia would consider renewing that agreement beyond the six-month time frame

WWW.MTECHTIPS.COM

07489294118-119

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,599,621,523
Stories:	8,139,708