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Oil prices rise with decline in supply after Aramco lubricants

2019-09-20 08:18 am | Resource: News | No Views : 54

 Oil prices rise with decline in supply after Aramco lubricants

Brent crude continued to rise on Friday, heading for the biggest weekly gain since January, amid tensions in the Middle East. On the one hand, heavy rain from tropical storm Imelda in the United States forced a major refinery to cut production and shut down a major oil pipeline in Texas.

Saudi Foreign Minister: The attack on Aramco is an attack on the world

Saudi Foreign Minister Adel al-Jubeir said on Thursday that the attack on Saudi Aramco facilities is not just an attack on Saudi Arabia, but an attack on the whole world.

"The attacks on Abqaiq and Khurais with Iranian weapons were not just an attack on the kingdom, but an attempt to target the global economy and energy supplies to international markets," Jubeir said on Twitter. Iran criminal. " "Satisfaction with Iran will encourage it to commit more subversive and hostile acts, which will have implications for international peace and security, not just the region."

The United States and Saudi Arabia blame Iran for attacks on oil facilities, but Iran denies the charges and says the attack was carried out by Yemeni Houthis.

The Saudi-led coalition is destroying four sites in Yemen

In other news, state-run Al-Ikhbariya television said the Saudi-led coalition had destroyed four sites in western Yemen. The sites north of Hodeidah were allegedly used to assemble remote-controlled boats and sea mines and were "legitimate military targets". The coalition intercepted a ship loaded with explosives from Yemen earlier today in the Red Sea.

Oil Contract Trading
  • Brent crude futures rose 0.4% to $ 64.69 a barrel, at 08:55 am CET after rising yesterday at $ 64.4, heading for a weekly gain of 7.5%.
  • US crude futures rose 0.8% to $ 58.6 a barrel, up this week so far by 6.9%, in the biggest weekly gain since June at the same time.


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Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

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