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Oil Down After Record U.S. Crude Stocks! News Matching Bible Prophecy With Open Your Eyes People (Video) OYEP
News Matching Bible Prophecy With Open Your Eyes People
13 Feb 15
More headline news matching Bible prophecy with Anita. Including:
Oil down after record U.S. crude stocks; Brent below $55
(Reuters) – Oil prices fell as much as 3 percent on Wednesday after U.S. stockpiles hit record highs, and analysts and traders said the market could shed more of a two-week rebound that was spurred by expectations of lower output.
U.S. crude stocks rose by almost 5 million barrels last week to reach nearly 418 million barrels, the highest since 1982, when records started being kept, government data showed. Analysts polled by Reuters had forecast a build of nearly 4 million barrels. [EIA/S]
The record inventory was a sign the market was still struggling to find a home for some 2 million barrels per day of oil. The glut has prevented prices from forming a bottom to a sell-off that began last summer, analysts said.
“It proves that the price retracement we had on the capital expenditure cuts and falling rig counts may have been premature,” said Gene McGillian, senior analyst at Tradition Energy in Stamford, Connecticut.
Energy firms slashed billions of dollars from their oil exploration budgets, and the number of U.S. oil drilling rigs fell to three-year lows after crude prices fell by about 60 percent from their June peaks.
On Wednesday, benchmark Brent oil LCOc1 dropped below the $55-per-barrel support level, settling down $1.77, or 3 percent, at $54.66 a barrel. U.S. crude CLc1 closed down $1.18, or about 2 percent, at $48.84 a barrel. Read more
Are you truly, fully prepared & ready? Have you included this INDISPENSABLE component? (Scroll to below the video).
And this to share while we still have the freedoms to do so:
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http://wildernesstraining.wordpress.com/ http://emoaf.org/ http://www.calvarycch.org/
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You haven’t seen anything yet. They tried to boost the price of crude and it failed and will continue to. The peons no longer have any money to fleece them out of, and when that happens, The Great Collapse is at hand. Enjoy the ride comrade taxpayers!
“(Reuters) – Oil prices fell as much as 3 percent on Wednesday after U.S. stockpiles hit record highs, and analysts and traders said the market could shed more of a two-week rebound that was spurred by expectations of lower output.”
Yep the corpocracy dictatorship running America have been hoisted by their own greedy petard. OPEC have told you they can afford to drop to $10 per barrel. R.I.P. America. Your currency is based on the value of oil, which is subject to it’s availability. The less of it there is, the more you can charge and the higher you can rate the dollar. OPEC refused to reduce production = America has been stuffed.
OPEC countries:
Iraq
Iran
Kuwait
Saudi Arabia
Venezuela
United Arab Emirates
Algeria
Nigeria
Ecuador
Indonesia
Libya
Better brush up on your diplomacy skills, especially all the OPEC countries you’ve destroyed for no good reason. You reap what you sow, bon appetit.