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International Oil Prices Fell On April 27th
Apr 28, 2017

International oil prices closed down on April 27th. The media reported that two previously released Libya oil fields have been re-production, including the Libyan largest oil field, whose crude oil production up to 300 thousand barrels per day. The news further intensified the market concerns about the international oversupply of crude oil, which caused that oil prices were in down trend under the pressure.

By the end of the 27th closing day, the New York Mercantile Exchange  The futures price of light crude oil delivering in June fell by $ 0.65 and closed at $ 48.97 a barrel with a decrease of 1.3%. The futures price of London Brent crude oil delivering in June fell by $ 0.38 and closed at $ 51.44 a barrel with a decrease of 0.7%.

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