Thursday, June 16, 2016

Crude Oil Extends Decline From One-Week Low Ahead of Brexit Vote

Crude fell a fourth day after closing at a one-week low as concern mounts over the strength of global growth as Britain votes later this month on whether to leave the European Union.

Futures fell as much as 0.8 percent in New York after settling at the lowest since June 3 on Monday as investors looked ahead to a June 23 referendum that will determine Britain’s membership in the EU. Shale drillers added 12 oil rigs in the U.S. over the past two weeks in the first consecutive weekly gains since August, according to Baker Hughes Inc. data.


Oil has surged about 85 percent from a 12-year low in February as the global glut is trimmed by disruptions and a slide in U.S. output, which is under pressure from the Organization of Petroleum Exporting Countries’ policy of pumping without limits.

West Texas Intermediate for July delivery fell as much 38 cents to $48.50 a barrel on the New York Mercantile Exchange and was at $48.53 at 7:44 a.m. Tokyo time. Total volume traded was 49 percent below the 100-day average. The contract slipped 19 cents to settle at $48.88 on Monday.

Brent for August settlement dropped 19 cents to end the session at $50.35 on the London-based ICE Futures Europe exchange on Monday. The global benchmark crude closed at an 83-cent premium to WTI for August delivery.

14 comments:

  1. Dear sir/madam

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    Replies
    1. RUSSIAN PETROLEUM PRODUCT AVAILABLE ON FOB AND CIF BASIS.

      We are an official Oil & Gas Trading Company / Mandate working with Russian Petroleum Refinery which deals on Russian Petroleum Product Service such as JP54, D2, D6, JA-1 with good and workable procedure.. We are expert in exportation of Russian Petroleum Product around the globe. Are you tired of time waste and fake seller or brokers? look no further contact us today for best and quality product available in seller's tank in Rotterdam.

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  2. Dear Sir.

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  4. We Can supply Aviation Kerosene,Jet fuel (JP 54-A1,5), Diesel (Gas Oil) and Fuel Oil D2, D6,ETC in FOB/Rotterdam only, serious buyer should contact now base email us (neftegazagent@yandex.ru)

    PRODUCT AVAILABLE IN ROTTERDAM/ CI DIP AND PAY IN SELLER EX-SHORE TANK.

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  5. Oilgaztreyd LLC has been in business of production, marketing and exporting of all petroleum and petrochemical products for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction. We have never compromised on the quality and the services provided to the customer. We believe in keeping the customers happy and providing them with products at a very competent price. We have an excellent staffs who will guide you with their best ideas by keeping in constant touch with your company and informing about the market trends. We are also interested to establish a mutual business relationship with buyers, facilitators and resellers all over the world with basic aim of supplying them with our products such as follow D2, jetFuel A1,JP54,Mazut M100,D6,Base Oil and Bitumen.

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  6. We Can supply Aviation Kerosene,Jet fuel (JP 54-A1,5), Diesel (Gas Oil) and Fuel Oil D2, D6,ETC in FOB/Rotterdam only, serious buyer should contact or if you have serious buyers my seller is ready to close this deal fast contact us below:now base email us (neftegazagent@yandex.ru)

    PRODUCT AVAILABLE IN ROTTERDAM/ CI DIP AND PAY IN SELLER EX-SHORE TANK.

    Russia D2 50,000-150,000 Metric Tons FOB Rotterdam Port.

    JP54 5000,000 Barrels per Month FOB Rotterdam.

    JA1 Jet Fuel 10,000,000 Barrels FOB Rotterdam.

    D6 Virgin Fuel Oil 800,000,000 Gallon FOB Rotterdam.

    E-mail: neftegazagent@yandex.ru
    E: neftegazagent@mail.ru
    E: neftegazagent@yahoo.com

    Best Regards
    (Mr.) Vladislav Yakov
    Skype: neftegazagent

    Thank You

    ReplyDelete
  7. Oilgaztreyd LLC has been in business of production, marketing and exporting of all petroleum and petrochemical products for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction. We have never compromised on the quality and the services provided to the customer. We believe in keeping the customers happy and providing them with products at a very competent price. We have an excellent staffs who will guide you with their best ideas by keeping in constant touch with your company and informing about the market trends. We are also interested to establish a mutual business relationship with buyers, facilitators and resellers all over the world with basic aim of supplying them with our products such as follow D2, jetFuel A1,JP54,Mazut M100,D6,Base Oil and Bitumen.

    Also we work with other foreign partnered refineries in allocation production.

    Regards,
    Julian Alessandov
    Email:oilandgaztreyd@mail.ru
    Email:oilandgaztrey@yandex.ru

    ReplyDelete
  8. We are an Oil & Gas Trading Company which deals on Russian Petroleum Product Service such as JP54, D2, D6, JA-1 with good and workable procedure.. We are expert in exportation of Russian Petroleum Product around the globe.
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  11. For Serious Buyer/ Buyer mandate with UNCONDITIONAL DTA

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