recently, international oil prices continue to fall on Friday, intraday plunged more than 3%, because of the organization of Petroleum Exporting Countries (OPEC) the latest monthly report confirmed that the October crude oil production hit a record high, increasing market oversupply concerns but also makes the prospect of limiting the production of clouds in the sky.
At the same time, strong U.S. pressure to oil prices. U.S. WTI crude oil futures prices hitting an intraday low of $43.09 / barrel, Brent crude oil futures prices hitting an intraday low of $44.21 / barrel.
| PVA |
As of the close, the United States WTI December crude oil futures fell 2.91% to $43.316 a barrel. January Brent crude oil futures fell 2.01% to $44.74 a barrel.
The OPEC report shows that in October the organization of crude oil production in September increased 240 thousand barrels a day to 33 million 640 thousand barrels / day. The oil price has all erased all the gains since the end of September reached an agreement to limit production.
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