| Oil prices fell China crazy buy: import volume of the world's first |
October 27th news: after a brief rise in international oil prices fell again recently. October 25th, U.S. oil price WTI fell $0.56 / barrel, fell below $50 / barrel, closing $49.96 / barrel, Brent closed 50.79 U.S. dollars / barrel, down $0.67 / barrel.
Crude oil trading software
Crude oil trading software download
The international oil prices fell again, there are a variety of factors play a role. Beijing Wednesday morning, the American Petroleum Institute (API) released data show that as of October 21st week, the U.S. API crude oil inventories increased 4 million 750 thousand barrels, had expected to increase 800 thousand barrels, the former value decreased by 3 million 788 thousand barrels; on the other hand, Russia and Iraq against the "frozen" also let the market fluctuate.
The prospect of this November led by Saudi Arabia OPEC crude oil production agreement to become frozen whirling.
Oil prices fell China crazy buy
Oil prices fell China crazy buy
"Is not OPEC and OPEC producers to work limited production, limited production of OPEC non cooperative topic, without the participation of the United States is meaningless." A central rate of the oil experts said: "the U.S. shale oil production as a small" regulator ", when oil prices below the cost of production, the shale oil producers will temporarily shut down drilling, if the OPEC and other non OPEC limiting the rebound in oil prices, shale oil producers will immediately return to the market."
International oil prices fell at the same time, China crude oil imports continued to increase in October 13th, China customs data show that the record high crude oil imports in September rose to 33 million 60 thousand tons of crude oil, about 8 million 80 thousand barrels / day, an increase of 18%, imports of crude oil to become the world's first Chinese.
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