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[rtl]Date of release: 2018/5/28 9:29 • 20 times read[/rtl]
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The price of oil fell on Monday, continuing its sharp fall on Friday, as Saudi Arabia and Russia say they may increase supplies while there is no sign of a slowdown in US production growth.
By 0452 GMT, Brent crude futures were trading at $ 75.09 a barrel, down $ 1.35, or 1.8 percent, from the previous close.
US West Texas Intermediate crude futures were $ 66.22 a barrel, down $ 1.66 or 2.5 percent.
The contracts fell 6.4 percent and 9.1 percent, respectively, from the peak they touched earlier this month.
In China, Shanghai crude futures fell 4.8 percent to 457.7 yuan ($ 71.64) a barrel
http://alforatnews.com/modules/news/article.php?storyid=165820
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Oil falls to $ 75 with OPEC's intention to increase production
[/rtl][rtl]Date of release: 2018/5/28 9:29 • 20 times read[/rtl]
The price of oil fell on Monday, continuing its sharp fall on Friday, as Saudi Arabia and Russia say they may increase supplies while there is no sign of a slowdown in US production growth.
By 0452 GMT, Brent crude futures were trading at $ 75.09 a barrel, down $ 1.35, or 1.8 percent, from the previous close.
US West Texas Intermediate crude futures were $ 66.22 a barrel, down $ 1.66 or 2.5 percent.
The contracts fell 6.4 percent and 9.1 percent, respectively, from the peak they touched earlier this month.
In China, Shanghai crude futures fell 4.8 percent to 457.7 yuan ($ 71.64) a barrel
http://alforatnews.com/modules/news/article.php?storyid=165820
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