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International Oil Prices Fell Jap.13 Closed At $52.37 A Barrel
Jan 16, 2017

Jap. 13International oil prices fell.
Market analysts said, although several Opec members commitment to perform production, but now this promise still lack the support of detailed data, investors expressed concern about whether to implement to production agreement.
In addition, the rising crude oil supply aggravated investor concerns in the excess supply of the market.
According to the report published in the January 11 by the U.S. energy information administration, up to 6th the week, U.S. crude oil inventories rose by 4.1 million barrels to 483.1 million barrels, exceed market expectations.
February delivery by the end of the day, the New York mercantile exchange of light crude oil futures fell $0.64 to settle at $52.37 a barrel, or 1.21%.March delivery on the London brent crude oil futures fell $0.56 to settle at $55.45 a barrel, or 1.00%.


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