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BREAKING NEWS
Ecuador’s trade with Asia will take place directly from Posorja
The European Union authorizes the entry of aquaculture products from Ecuador
Guayaquil will activate cameras in 6,000 public buses, school buses and taxis
Beaches in Ecuador attract millionaire investments from real estate groups
The State will not release Glas and Salcedo for ‘irregularities’ in habeas corpus
The airline Arajet will connect the Dominican Republic with Ecuador
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UN: Ecuador is the third country in the world that seizes the most drugs
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‘Narco generals’: Comptroller finds evidence of three police officers

Oil starts 2017 with highs and lows

Posted On 04 Jan 2017
petroleo-2017-ecuaodrtimes
The first day of the year the crude price surpassed 55 dollars per barrel in the case of Texas oil (a reference for Ecuador), finally, prices fell by 2.6%
An escalation of the dollar to its highest level since 2002 and a profit-taking were the spoilers of the first day of 2017 at the oil exchange.
The US benchmark (WTI oil) fell $ 1.39, standing at $ 52.33, its lowest closing price in two weeks, stripping all hope of the Organization of the Petroleum Exporting Member’s agreement to reduce the oil pumping.
Volatility led to the differential between the maximum price and the daily low in both contracts at their highest level since November 30, at $ 3.13 for the WTI and $ 3.07 for the Brent.

Source: http://expreso.ec/economia/el-petroleo-abre-con-maximos-y-minimos-en-2017-IC985947

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Ecuador's trade with Asia will take place directly from Posorja

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