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TEHRAN, June 21 (Xinhua) -- Iran's Petroleum Minister Bijan Namdar Zanganeh on Wednesday blamed the United States for the recent plunge in global crude prices, Press TV reported.

The United States has increased its oil production by 900,000 barrels per day, Zanganeh said Homme Nike Air Huarache Drift Premium Casual Noir Pas Cher , adding that this is beyond what the Organization of the Petroleum Exporting Countries (OPEC) had estimated.

He was discussing the role of the United States in the decline of prices with the OPEC member states, however, it would be difficult for the member states to take collective action on such issues, Zanganeh said.

The Iranian minister spoke highly of OPEC's performance in arriving at a consensus to cut output and help prop up prices.

In their meeting last November, OPEC members unanimously agreed on the oil price of 60 U.S. dollars per barrel Homme Nike Air Max Plus TN Ultra Blanche Pas Cher , hence they agreed to cut output by 1.2 million bpd down to 32.5 million bpd for the first six months of 2017.

Non-OPEC members including Russia, Oman and Mexico also agreed to cut 558,000 bpd off their production.

According to Finacial Tribune, oil prices fell to seven-month lows on Tuesday after news of increases in supply.

Benchmark Brent dropped 1.06 U.S. dollars to a low of 45.85 dollars a barrel, its weakest since Nov. 18 Homme Nike Air Max 98 Triple Blanche Pas Cher , just before OPEC and other producers agreed to cut output.

Brent was traded around 46.11 dollars per barrel, down 80 cents. U.S. West Texas Intermediate crude fell 98 cents to a low of 43.22 dollar a barrel, its lowest since Nov. 14.

Zanganeh has expressed the hope that OPEC would agree on extending earlier output cut in the upcoming meeting.

Xi says BRICS cooperation will usher in new "golden decade"

Highway bridge connecting China and Russia under construction

Brussels central station evacuated after small explosion

In pics: animals at Everland resort amid summer heat

Weekly choices of Xinhua photos

In pics: terrace fields in northwest China's Ningxia

In pics: Mount Jiuhua Buddha College in E China

Students graduate from Civil Aviation University of China

Certificate of deposit (CD) rates are already extremely low since the latest recession. Actually, just Three years ago in 2008, rates were nearby the 5% range. Now Homme Superme x Nike Air Max 98 Noir Pas Cher , you might be lucky to identify a rate above 1.25%. Same goes with the rates ever increase? Are we doomed to low returns on our deposit accounts?

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Whenever a bank and other standard bank supplies a deposit account, the rates will typically be set to reflect the existing rates from your treasury. What this typically means are these claims: When treasury rates are low–then cd rates shall be low. When treasury rates are high–then CD rates are generally destined to be higher too.

Once the economy collapsed inside recent recession, the treasury rates also were lowered signficantly. Thus, the majority of deposit accounts (savings, CDs Femme Nike Air Max 98 Barely Rose Pas Cher , checking accounts, etc.), also experienced a sharp decline in rates.

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