After the agreement of OPEC, the price of oil increases



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The decline in oil prices in the 4% decline of the previous year has changed by 5% in the announcement of the recovery that OPEC members and Russia have aligned 1, $ 2 million in oil revenues in Vienna. drums a day On the stock market, the US labor market data are stopping less well than expected on the stock market.

On Friday afternoon, the price of oil rose 5.6 percent to $ 63.4 in Brent Barrel ries, when it announced that the cartel of oil exporters, OPEC, and its enthusiasm dying with Russia agreed on a production change of 1.2 million. barrels a day

In the evening, the price of oil dropped by about 4%, uncertainty about the fact that OPEC would seek to negotiate both internally and with Russia so that the latter will contribute to reduce its production.

The OPEC and Russia are embarking on extraction after fearing that US extraction and exports will reinforce the oil reserves of the surplus, resulting in a drop in oil prices from About 30% in just over two months.

According to the badyst, Russia was inclined to contribute to the agreement of OPEC. Regarding the extraction, an agreement was reached despite the fact that US President Donald Trump said at the meeting of OPEC that it would be better if the cartel did not change the production.

In recent days, stock markets have broken off the stock market, appearing in the panic of October, the European stock market fluctuating around 2 years.

The German DAX rose by 0.9%, in France by 1.81% and the British index FTSE 100 by 2.16%.

The US office opens up a sharp rise in indexes, but after reaching the Dow Jones Industrial Average, they are down 1.05%, the S & P 500 down 0.94% and the NASDAQ down 1.25%.

The release of weaker-than-expected labor market data has created a negative climate in the United States. In November, 155,000 new jobs were created in the US economy, and economists expected 198,000. In addition, much lower than expected, wages rose.

There will be no dividend

Vilnius' polarization index fell 0.59% on Friday, Riga shares rose 1.07%, the Tallinn Stock Exchange index rose 0.76%, l 39; OMX Baltic Benchmark index rose 0.4%.

In 3 Baltic markets, a total of € 534,621 was transferred to 409 transactions.

The most traded stocks were Tallink Grupp, while the highest turnover recorded in stagnant trade with nearly EUR 90,000 was reported to Grindeks. LHV's customers are actively involved in the sale.

LHV's badets were also in the sale of Klaipeda's oil stocks, which did not resist the pressure and fell by 5.69%.

In the morning, at the trading session, the company announced that 0.561 million tonnes of cargo had been handled at the Klaipda and Subaius terminals in November. one tonne of petroleum product, 13.2% less than a year ago. Revenues from these activities amounted to 2.9 million euros. Eur, or 17.1% less than a year ago.

The result of the 11-month manipulation, compared to the same period of the previous year, was 3.9%, reaching 6.1 million. tons, these operating revenues were 3% lower at 32.7 million euros. Eur.

If after seeing the result of the bald Vilnius, we still had a chance to wait for a dividend, they were disconcerted on Friday, when the board of directors of the company reported on December 13. a dividend that does not pay for the shareholders' meeting.

In the last financial year ended August 31, Vilnius furniture received 69.3 million litas. Eur revenues, when the previous year 63.4 million. Eur, but due to a faster increase in sales, net profit went from 4.5 million euros. Eur to nearly 2.3 million Eur.

During the previous financial year, the shareholders received a dividend of € 0.27 per share.

Ray's commentary

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