banner
Home » News » Content
Product Categories

U.S. Crude Oil Production Hits New Highs International Oil Prices Fall

- Mar 09, 2018 -

International oil prices fell on the 7th.


According to reports released by the US Energy Information Administration on the same day, the daily output of US crude oil hit a record high last week, reaching nearly 10.4 million barrels.


The data from the U.S. Energy Information Administration also showed that last week US national commercial crude oil inventories rose by 2.4 million barrels to 425.9 million barrels. This is the second week of continuous increase in data.


As of the close of the day, light crude oil futures for delivery in April on the New York Mercantile Exchange fell 1.45 US dollars to close at 61.15 US dollars a barrel, a decrease of 2.32%. London Brent crude oil futures for May delivery fell 1.45 US dollars to close at 64.34 US dollars a barrel, a decrease of 2.20%.