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:-Crude Oil Futures - Weekly Outlook: March 6 - 10

Monday, March 6, 2017 1:34

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

MTECHTIPS:-Crude Oil Futures – Weekly Outlook: March 6 – 10

MTECHTIPS- Oil futures ended higher on Friday, as a broadly weaker U.S. dollar helped prices rebound from a sell-off that took them to multi-week lows in the prior session. Oil prices typically strengthen when the U.S. currency weakens as the dollar-priced commodity becomes cheaper for holders of other currencies. Uncertainty surrounding Libya’s crude production following reports of violence near the war-torn country’s biggest oil terminal also provided support. Prices, however, still ended with a weekly loss as concern over rising shale production and record-high U.S. crude inventories offset optimism that OPEC and its allies have been following through on their commitment to cut production. The U.S. West Texas Intermediate crude April contract climbed 72 cents, or around 1.4%, to end at $53.33 a barrel by close of trade Friday. The U.S. benchmark slumped more than 2% to $52.54 on Thursday, the lowest since February 8. Despite Friday’s gains, New York-traded oil futures declined 66 cents, or almost 1.2%, on the week. Elsewhere, on the ICE Futures Exchange in London, Brent oil for May delivery added 82 cents, or about 1.5%, to settle at $55.90 a barrel by close of trade. The global benchmark touched $55.03 a day earlier, its cheapest since February 8. For the week, London-traded Brent futures scored a loss of 9 cents, or less than 0.2%, the fourth straight weekly decline.

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:	1,603,671,538
Stories:	8,150,954