Monday, July 11, 2016

Oil closed lower on Thursday – Jornal do Brazil

After high during
 early morning hours of Thursday (7), oil prices have gone
 to record depreciation and closed down.

At 19h00, the barrel
 Brent fell 0.11% to US $ 46.47 on the International Exchange Futures (ICE) in
 London. Already a barrel of West Texas Intermediate (WTI) traded in New York
 Mercantile Exchange (NYMEX) in New York, recorded 0.02%, to US $
 45.20.

The change in direction
 It occurred after the oil installations Guard Libya disclose is
 preparing to reopen the fields, which were closed since 2014.

 Libya has produced, currently about 350,000 barrels of oil per day. O
 number represents a quarter of the production before the 2011 protests, which
 They overthrew Muammar Gaddafi.

At
 8:47 a.m., the Brent barrel was high of 1.23%, to US $ 49.40 on the International
 Exchange Futures (ICE) in London. Already a barrel of West Texas Intermediate
 (WTI) traded on the New York Mercantile Exchange (NYMEX) in New York,
 recorded increase of 1,24%, to US $ 48.02.

You
 at 12:15, the prices have changed direction. The North Sea oil was quoted at
 US $ 48.37 with a low of 0.88%. The production of Texas was valued at US $
 47, low of 0.91%.

 Around 15h26, prices continued to fall. The North Sea oil was
 quoted at US $ 46.45, low of 4.75%. The production of Texas was rated
 US $ 45.20 with a low of 4.87%.

At
 16h36, the Brent barrel was down 4.77%, to US $ 46.47 on the International
 Exchange Futures (ICE) in London. Already a barrel of West Texas Intermediate
 (WTI) traded on the New York Mercantile Exchange (NYMEX) in New York,
 recorded fell 4.72% to US $ 45.19.

On Thursday (7)
 Management Energy Information (EIA) US released its report
 on weekly oil inventories. The weekly drop was 2.2 million
 barrels in reserves, a smaller reduction than that provided by
 analysts. The report comes a day after the usual due to the Day holiday
 Monday Independence (4).

In
 Wednesday (6), the Brent barrel for September traded on ICE rose
 1.75%, to US $ 48.80, while the WTI barrel for August, traded on the Nymex,
 advanced 1.78%, at US $ 47.43.

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