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New York Oil Prices Fell On 14th, Closed At $ 55.70 A Barrel
Nov 16, 2017

International Energy Agency released a report the same day, next year's global crude oil demand is expected to be lowered.

Analysts said the expected drop in crude oil demand and the increase of crude oil production in US have caused investors to worry that the global crude oil supply will continue to oversupply, the New York oil prices fell on the same day.

By the end of the day, the light crude oil price of New York Mercantile Exchange future delivery in December drop $ 1.06, closed at 55.70 a barrel, fell by 1.87%. the crude oil price of London Brent crude oil future delivery in January 2018 drop $ 0.95, closed at $ 62.21a barrel, fell by 1.50%.

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