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International Oil Prices Fell On April 24th
Apr 25, 2017

International oil prices closed down on April 24th. At that day,the international oil prices rose influenced by the results of the first round of voting for the French presidential election. But then because of that investors had continued concerns about the international crude oil market’s oversupply, oil prices shockingly fell. 

US Oilfield Technical Services Company Baker Hughes released data on April 21th , which showed that the number of oilfield drilling operated in the United States rose for the 14th consecutive week. And it indicated that US shale oil producers continued to increase production.

By the end of the 24th closing day, the New York Mercantile Exchange The futures price of light crude oil delivering in May fell by $ 0.39 and closed at $ 49.23 a barrel with a decrease of 0.8%. The futures price of London Brent crude oil delivering in Junefell by $ 0.36 and closed at $ 51.60 a barrel with a decrease of 0.7%.


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