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Oil drops as US pumps record crude
Feb. 7, 2019
Source: Reuters

Oil drops as US pumps record crude

Oil prices dipped in the international market today after EIA data showed climb in US crude inventories, with production levels in the country hitting record levels. Brent crude futures lowered 0.4% to $62.43/barrel. US WTI crude futures dropped by 0.3% to $53.84 per barrel. EIA data yesterday indicated US crude inventories climbing to 447.21 million barrels. US sanctions against Venezuela are estimated to halt 500,000 bpd of crude exports.

   Read More About : Brent Price Oil Prices OPEC Venezuela WTI
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