Because of the eve of the meeting, the delegates on the signal of friendly optimistic

Because of the eve of the meeting, the delegates on the signal of friendly optimistic, oil prices rose sharply on the day. As of Thursday Beijing time 00:40, WTI crude oil futures prices rose 7.67%, to $48.70 / barrel, Brent crude oil futures prices rose 8.05%, to $51.12 / barrel.

Gamma PGA 30% fertiliser grade

China University of Petroleum professor Dong Xiucheng Zhengbao told reporters on the OPEC output to reach an agreement in the short term caused by rising oil prices, but will not have much impact. At present, the price of oil is the imbalance between supply and demand of oil, it will not change because of an agreement. OPEC production or limited production belong to the supply side, but the key lies in solving problems of consumption. Consumption is related to change of world economic situation. At present, the world economic downturn, do not see signs of recovery. In addition, the enforcement of OPEC is still limited, because the members do not necessarily strictly abide by the agreement.

Gamma PGA 30% fertilizer grade

Lung Chung Petrochemical Network Analyst Li Yan also believes that although the OPEC meeting finally reached an agreement, but not for oil prices rose to provide continuous power.

As of the day of closing, the New York Mercantile Exchange in January 2017 delivery of light crude oil futures prices rose 4.21 U.S. dollars, to close at $49.44 a barrel, up 9.31%. January 2017 delivery of London Brent crude oil futures prices rose 4.09 U.S. dollars, to close at $50.47 a barrel, up 8.82%.

Gamma PGA agriculture grade

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>