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International Oil Price Fell On July 27
Jul 30, 2018

International oil price closed down on the 27th.

A report released by US Oilfield Technology Services Company Baker Hughes on the 27th showed that the number of oilfield drilling operated by the US this week increased by three to 861. This is the first increase for the data in the past three weeks, indicating that US shale oil manufacturers have increased production.

By the end of the closing day, the futures price of light crude oil for September delivery on the New York Mercantile Exchange fell by $0.92 and closed at $68.69 a barrel with a decrease of 1.32%. The futures price of London Brent crude oil delivering in September fell by $0.25 and closed at $74.29 a barrel with a drop of 0.34%.

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