KTFA

Samson:  Oil rises as US stocks fall

2019/7/10 10:21

International oil prices rose on Wednesday after data showed the US oil stocks fell more than expected, reducing fears of oversupply, while major oil producers in the United States cleared platforms in the Gulf of Mexico before an impending storm.

By 0541 GMT, US WTI crude futures rose 85 cents, or 1.5 percent, to $ 58.68 a barrel. Brent crude <LCOc1> rose 65 cents, or 1 percent, to $ 64.80 a barrel from $ 64.95 earlier.  US crude and Brent crude have risen since the start of the year as the Organization of Petroleum Exporting Countries (OPEC) and major producers such as Russia have cut production to boost prices.  But trade tensions raise fears of weak demand, and investors are looking for evidence that the rapid increase in US production is being consumed.

US Petroleum Institute data showed on Tuesday that crude oil inventories fell more-than-expected last week, while gasoline stocks dwindled and distillate stocks increased. Crude inventories fell 8.1 million barrels in the week ending July 5 to 461.6 million, compared with analysts’ forecasts for a 3.1 million barrel decline.  Official data from the US Energy Information Administration will be released later on Wednesday.    LINK

*****************

Samson:  Deputy calls for the prosecution of banks, “took advantage” auction currency “crooked ways”

10th July, 2019

The deputy of a coalition of state law, high Nassif, on Wednesday, to pursue banks, “exploited” currency auction in previous years to “crooked ways to satisfy their greed,” noting that one of the owners of banks was living “room in the house of his family” in a popular area, Meledera suddenly”.

Nassif said in a statement received by Alsumaria News a copy of it, “There are banks exploited during the previous years auction sale of currency in ways twisted to satisfy the greed and achieved a rich rich at the expense of this poor people, to the extent that one of the owners of banks was living in a room in his family home in a popular area and suddenly Has become a billionaire and owns many properties are estimated in large amounts.”

She added that “the state should proceed with the application of the principle (where you have this) to the private banks and follow up the sources of their funds, especially as there are banks provided documents and forged documents, and we all remember the statements of Mr. Hoshyar Zebari when he was Minister of Finance when he said that there are six billion dollars disappeared In an overnight, that is converted into a fictitious account, but is it time for the regulatory bodies to recover the stolen people’s money and chase spoilers?

“We must open this file to the public prosecution and we will provide all the evidence and information available to us, and we hope that activists, lawyers, and all honorable Iraqis,” said Nassif Ali, “the prime minister and all the regulators must prosecute the whales of corruption who are trying to wear the chastity today. Expose these thieves.”    LINK