Crude inches up, backed by dip in southern Iraq exports

Crude inches up, backed by dip in southern Iraq exports

On Tuesday, crude ascended, gaining support from a tumble in crude exports from OPEC's number two producer Iraq as well as a projected extended dive in American commercial crude stocks.

In London, December delivery crude futures tacked on 5 cents hitting $57.42 a barrel.

December delivery American crude futures also gained 5 cents trading at $51.95.

This month Iraqi crude exports have declined more than 200,000 barrels a day because shipments from both north and south of Iraq went down.

On Monday, US Secretary of State Rex Tillerson urged the Kurdistan region and the Iraqi government to tackle their conflict over Kurdish self-determination as well as disputed territories through dialogue.

The decline in supplies from Iraq comes because OPEC, Russia as well as other producers are reducing output by nearly 1.8 million barrels a day until March 2018 in an attempt to tame a glut and underpin prices.

Similar

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Crude holds revenues on API estimates

On Wednesday, crude held revenues in Asia because industry estimates revealed a much sharper draw in American crude inventories expected, although higher than seen gasoline stocks affected market sentiment…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera