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Falling oil prices amid fears of an oversupply after a high production of OPEC
6/1/15
BAGHDAD / Sky Press: Oil prices fell in early Asian trading on Monday, as a result of expectations that keep the Organization of Petroleum Exporting Countries (OPEC) produced high after rising in May (last May), raising fears of an oversupply despite a drop in drilling operations in the United States .
Crude oil prices jumped nearly five percent last Friday, in its biggest rise since a month after that raised more than expected in operating drilling platforms in the United States drop wave of expectations to rise. But prices fell today because of the production operations near record level in most oil-producing regions, particularly the Middle East.
Contracts «Brent» prices to the nearest month maturity fell 51 cents, to $ 65.05 a barrel at 01:29 GMT. And futures contracts fell for «US crude» 52 cents to $ 59.78 a barrel.
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6/1/15
BAGHDAD / Sky Press: Oil prices fell in early Asian trading on Monday, as a result of expectations that keep the Organization of Petroleum Exporting Countries (OPEC) produced high after rising in May (last May), raising fears of an oversupply despite a drop in drilling operations in the United States .
Crude oil prices jumped nearly five percent last Friday, in its biggest rise since a month after that raised more than expected in operating drilling platforms in the United States drop wave of expectations to rise. But prices fell today because of the production operations near record level in most oil-producing regions, particularly the Middle East.
Contracts «Brent» prices to the nearest month maturity fell 51 cents, to $ 65.05 a barrel at 01:29 GMT. And futures contracts fell for «US crude» 52 cents to $ 59.78 a barrel.
[You must be registered and logged in to see this link.]
