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Home:News

International oil prices fell on the 11th

Investors worried about an oversupply of crude oil market, international oil prices fell sharply on the 11th.
 
As of the date of closing, the New York Mercantile Exchange, December 2015 delivery of light sweet crude fell $ 1.28 to settle at $ 42.93 a barrel, down 2.9%. December 2015 delivery of London Brent crude oil futures fell $ 1.63 to settle at $ 45.81 a barrel, down 3.44%.
 
The US Energy Information Administration will be released on the 12th of crude oil last week data, US commercial crude oil inventories will continue to increase market expectations last week. The previous week, the US commercial crude oil inventories increased nationwide by 2.8 million barrels to 4.828 billion barrels. US crude oil inventories high oil prices pressure.
 
OPEC crude oil production accounts for about one-third of the world oil market, OPEC ministerial meeting in Vienna in June after the announcement, the maintenance of 30 million barrels of daily output unchanged. OPEC daily output of crude oil remains high. After oil prices fell sharply, the organization did not cut signs. OPEC members Iran also said the country plans to substantially increase oil production.

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