Tuesday April 4, 2017 12:08
News / Baghdad
Oil prices fell Tuesday, while the form of high Libyan oil production and an increase of US drilling activities an indication of the potential for increased supply V.ozkrt Reuters that "futures contracts for crude global measurement Brent crude fell 22 cents , or the equivalent of 0.41 per cent to $ 52.9 a barrel , compared with the previous session. "
The futures fell for crude prices of West Texas Intermediate 23 US cents , or about 0.46 percent to $ 50.01 a barrel.
Oil moves towards the top of the center to reassure OPEC to cut output
Oil falls to the decline of "OPEC" cuts and signs of increasing American production
The informed sources said that the production of Libyan oil increased after the National Oil Corporation raised the case of force majeure for the field of spark crude downloads from the port in the west corner of the country.
At the same time data from the company showed Baker Hughes Energy Services that US companies operating in the oil sector , said last week new drilling rigs for the week atheist ten respectively , which represents an extension of the recovery of drilling activities for the tenth month.
The producers of more than OPEC others also production, exports amounted to Iran 's crude oil and gas condensate at a record 3.05 million barrels per day by March 20 , according to a report published by the news agency of the Islamic Republic of Iran.