futures US crude closed down 0.23% to $ 39.70 a barrel, its biggest daily fall shorter period since 11 February, when prices fell to a 12-year high of $ 26.05 , according to Reuters.
This, after oil inventories recorded their sixth straight week of record high, which, according to investors, threatens to reverse a market rally of about 50% the last two months.
data released Tuesday by the American Petroleum Institute (API) showed crude stocks in the US rose by 8.8 million barrels in the week to March 18, a figure that compares with analyst expectations for a rise of 3.1 million barrels.
the continued increase in reserves affects the price gains that had occurred largely by the plan Saudi Arabia and Russia, to freeze production at the levels it had in January.
the international press reproduced the statements of the day before Neil Atkinson, an official of the International Energy Agency (IEA) on the lack of meaning that could have cited that meeting for April 17.
Meanwhile, a barrel of Brent also for may delivery fell US $ 1.32 to US $ 40.47. For its part, the Organization of Exporting Countries Oil (OPEC) released today its selection of raw closed yesterday at $ 36.19, representing a decrease of 48 cents from Wednesday’s close.
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