国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Oil prices drop amid concerns over rising crude output

Source: Xinhua| 2018-11-03 04:49:30|Editor: Mu Xuequan
Video PlayerClose

NEW YORK, Nov. 2 (Xinhua) -- Oil prices continued to fall on Friday, as investors grew concerned over rising global supply and U.S. oil waivers from Iran sanctions.

Fears of oversupply from the world's major oil producers cast a pall over the market. U.S. crude oil inventories build up for a sixth straight week, posting an increase of 3.2 million barrels last week, according to latest weekly report of the U.S. Energy Information Administration.

Adding to the negative impact, the Organization of the Petroleum Exporting Countries (OPEC) increased oil production in October to 33.31 million barrels per day (bpd), the highest by OPEC since 2016.

Data showed that Russia pumped 11.41 million bpd in October, setting a record high over the last three decades, according to Russia's Ministry of Energy.

On Nov. 5, Washington will reimpose sanctions against Iran, which had been lifted as part of the 2015 nuclear agreement, U.S. Secretary of State Mike Pompeo said Friday.

The United States will grant temporary waivers to eight "jurisdictions" from the sanctions on Iranian energy imports next week, according to Pompeo. Analysts believed that such moves increased uncertainty for the global oil market.

The West Texas Intermediate for December delivery dropped 0.55 U.S. dollar to settle at 63.14 dollars a barrel on the New York Mercantile Exchange, and the Brent crude for December delivery lost 0.08 dollar to 72.83 dollars a barrel on the London ICE Futures Exchange.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091375777321
主站蜘蛛池模板: 泊头市| 惠东县| 长武县| 鲁甸县| 东安县| 漠河县| 浠水县| 崇义县| 叶城县| 佛坪县| 昭觉县| 安陆市| 宜兰县| 平顶山市| 额尔古纳市| 平罗县| 凌云县| 宝丰县| 五家渠市| 惠安县| 丽江市| 晋中市| 南漳县| 宝丰县| 陆丰市| 东兰县| 岳阳县| 江达县| 廊坊市| 安西县| 深水埗区| 陈巴尔虎旗| 凤山县| 云浮市| 蒙城县| 双辽市| 阿克| 泸州市| 九龙坡区| 赤壁市| 阿瓦提县|