Friday 3 February 2017

Crude Oil. Trouble Is A Friend

Is the 2009 monster hit for Australia's Lenka , taken from her debut album Lenka.

For those of you, who love to party at  SANDS in Jakarta, then this song is no stranger to you.

Crude oil rose on Friday, but remember trouble is a friend, you must NOT ignore.

Read the story below :

Oil futures saw a modest gain Friday to finish higher for the week, buoyed by more data backing up production cuts by major oil producers, but prices show little reaction to news that the U.S. has imposed sanctions on Iran, one of the world’s top 10 crude-oil producers.

Concerns over the potential for a sizable increase in U.S. producers, especially following data Friday which revealed a third straight weekly rise in the number of active domestic oil rigs, has kept oil prices in a tight trading range.

On the New York Mercantile Exchange, March West Texas Intermediate crudeCLH7+0.58%  tacked on 29 cents, or 0.5%, to settle at $53.83 a barrel. For the week, prices gained around 1.2%, according to data from Dow Jones. April Brent crude UK:LCOJ7+0.28% the global oil benchmark, rose 25 cents, or 0.4%, to $56.81 a barrel on London’s ICE Futures exchange, with front-month contract prices about 2% higher on the week.

The U.S. Treasury announced Friday that it has imposed new sanctions on Iran following its ballistic missile test launch. It has sanctioned more than two dozen businesses and individuals for their alleged role in support the missile-testing program, according to The Wall Street Journal.