empty
 
 
Saudi Arabia Boosts Oil Extraction
loader

The intentions to support economic development are mentioned more and more often by famous politicians. This time it was the State Council Prime Minister of the People�s Republic of China Van Tsyabao.


Yesterday on Monday the the Chinese Prime announced that it had become more important for the country to run supporting measures. For this purpose the authorities focus on stimulating the internal market, and on the country�s monetary policy correction.


This was confirmed by a quota approval in the amount of 26 billion US dollars for 138 foreign investors willing to purchase the Chinese government papers.


A positive news from the major oil consumer has pushed up the bullish trend in the black gold market.


In such a way, the cost of WTI crude oil advanced by 1% - to 92 dollars 90 cents per barrel.


Probably, the market would have increased further, but Saudi Arabia concerned about high oil prices, has expanded the extraction volume by 9 billion 923 thousand barrels a day.





 

Calendar and reviews
Editor's choice
Everyday life of a rally team is a caravan of competitions and preparations for them. A competition has finished - here comes the time to analyze tactical mistakes and work hard to improve truck performance. This video will show you daily routine of InstaForex Loprais Team and its pilot Ales Loprais whose lifestyle is rallies.
Jules Bianchi, Marussia F1 Team driver, speaks about the peculiarities of the Singapore track (Formula One Grand Prix in Singapore)
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback