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Tuesday, November 07, 2017

Oil hits highest levels since 2015 amid tightening markets, Saudi purge

Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti-corruption crackdown that included high-profile arrests.

Brent futures, the international benchmark for oil prices were as high as $62.90 per barrel by 0750 GMT on Monday, their highest level since July 2015. This is over 40 percent above June's 2017 lows.

U.S. West Texas Intermediate (WTI) crude rose above $56 per barrel in afternoon trading, also the highest since July 2015, and was at $56.15 at 0750 GMT. WTI is one-third higher than its 2017 lows.

Crown Prince Mohammed bin Salman, also known as MBS, has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including prominent business billionaire Alwaleed bin Talal and the head of the National Guard, Prince Miteb bin Abdullah.

More
http://www.foxbusiness.com/markets/2017/11/05/oil-hits-highest-levels-since-2015-amid-tightening-markets-saudi-purge.html

4 comments:

  1. I was wondering why the increase in our gas prices!

    ReplyDelete
  2. I knew something was UP since the gas Gougers are at it
    again in SALISBURY , Md !!!!

    They Rape us every year and Get away with it , and have
    Bought our Damn Govt off !!!!

    ReplyDelete
  3. Gas should be going Down Not Up !!!
    When Texas had the storm , News said there was Plenty of
    Supply.............Lying bastards can't ever tell you the
    Truth !!!!

    And The middle East Gougers should Not Matter in America !!

    Gas should be Capped by Federal Law @ 25 cents per Gallon !

    Plus home heating oil is higher than Gasoline ..More Gougers

    ReplyDelete
  4. GOUGERS GALOR !!! were are the Gouging Laws ?? Are there ANY ??? Must Not be !!!

    It should be CRIMINAL what they get away with......

    Worse than the car dealers !!! Nobody complains enough
    and they keep sticking it to YOU !!!

    ReplyDelete

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