[size=36]Oil prices continue to decline in Asia[/size]
Oil prices continue to decline in Asia on Friday due to the disappointment caused by the official report on US reserves.
As of 2:30 GMT, the price of light sweet crude for July delivery was down 51 cents to $ 56.08 in electronic exchanges in Asia.
Brent North Sea oil, the European reference for July delivery also fell 64 cents to $ 66.23.
Oil prices fell sharply on Thursday, weighed down by lower-than-expected US crude inventories, while investors are still cautiously watching the US-China trade war.
In London, the price of Brent crude Thursday $ 2.58 compared to Wednesday. In New York, light sweet crude lost $ 2.22.
The US Energy Information Agency report said that US commercial reserves of crude fell by about 300 thousand barrels while analysts were expecting a further decline. Production reached 12.3 million barrels per day, returning to a historic peak at the end of April.
"Oil reserves have fallen much more than expected," ANZ said in a note. He added that the report of the US Agency increases concern about the volume of US production in the atmosphere of weak demand.
The bank pointed out that "production rose for the second week in a row"