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2 international oil prices closed down the market supply pressure increase

2 international oil prices closed down the market supply pressure increase

  • Categories:Industry News
  • Author:
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  • Time of issue:2020-03-31 14:57
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2 international oil prices closed down the market supply pressure increase

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

In the previous trading day rose, affected by the Iranian nuclear negotiations to reach a frameworksolution, 2 international oil prices to profit taking.

Iranian nuclear issue of the six countries (United States, Britain, France, Russia, China andGermany), the European Union and Iran 2 evening issued a joint statement in Lausanne,announced that the parties had the main focus of the Iranian nuclear negotiations to reach a framework solution, and will immediately begin drafting the text of the agreement. Joint statementreiterated that the comprehensive agreement on the Iranian nuclear issue will be in June this yearcompleted before 30.

Analysts pointed out that, the impact of sanctions, Iran's oil exports from the daily average of 2200000 barrels in 2011 to 1300000 barrels daily current. The market expected, the progress ofthe Iran nuclear issue, cut the sanctions against Iran will allow more oil into the ample supply ofcrude oil market.

At present, the United States crude oil production is still at a high level. The U.S. energy information administration released data show that 1, the United States last week, the average daily crude oil production by 36000 barrels to 9386000 barrels, for the first decline since January.Last week, U.S. commercial crude oil inventories increased by 4800000 barrels to 471400000 barrels, higher than the same period last year to 91400000 barrels. America settled mainly crude oil futures in Oklahoma, Cushing crude oil inventories increased by 2600000 barrels to 58900000 barrels.

As of the date of closing, the New York Mercantile Exchange in May delivery of light crude oilfutures prices fell $0.95, to close at $49.14 a barrel, down 1.9%. May delivery of London Brentcrude oil futures prices fell $2.15, to close at $54.95 a barrel, down 3.77%.

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