SIANJIA FLOW CONTROL

U.S. crude oil inventories rising international oil prices 4 + profit-taking sell-off

Author：SIANJIA FLOW CONTROL PublicTime：2015-02-26 Views：1649

Affected by the U.S. oil inventories rising and profit-taking, 4 international oil prices tumbled.
The U.S. energy information administration 4, according to data released last week, U.S. commercial crude oil inventories at 413.1 million barrels, an increase of 6.3 million barrels; Major U.S. crude oil futures for delivery to Oklahoma in Cushing crude oil inventory at 41.4 million barrels, an increase of 2.5 million barrels. Average daily output of 9.18 million barrels of crude oil in the United States last week, is still at historical highs.
Several oil giant, recently said, because the international oil prices lower, planned to cut investment spending in the future. Think the future global oil supply growth will slow, the international oil prices in the previous three days of gains.
As of the day, the New York mercantile exchange on March delivery of light crude oil futures fell $4.6 to settle at $48.45 a barrel, or 8.67%; March delivery on the London brent crude oil futures fell $3.75 to settle at $54.16 a barrel, or 6.48%.