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Drop in world oil prices
5/4/15
BAGHDAD / Obelisk: Brent crude fell towards $ 66 a barrel Monday, after weak Chinese data raised concerns about demand, at a time when the supply of reinforced approached the record levels of concern from OPEC producers glut in supply.
China saw the second-largest oil consumer in the world, the biggest drop in factory activity during the year, to 48.9 in April, according to a private commercial survey, Monday, and indicates this level of less than fifty points to a contraction compared with the previous month.
These data came in the wake of a government research institute forecast a large, can China's economic growth slowing further to become 6.8 percent during the second quarter.
And a Reuters survey showed, that the oil supply from OPEC, which produces about 40 percent of the oil supply increased 0.2 percent to the highest level in more than two years to 31.04 million barrels per day in April.
The futures contract fell 24 cents Brent L. 66.22 dollars a barrel at 02:38 GMT after their arrival at their highest level in 2015 of $ 66.93 on April 30.
US crude fell 35 cents to $ 58.80 a barrel. It scored WTI its highest level this year in May, the first when he arrived to $ 59.90.
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