Crude oil stocks of US is high, New York oil prices fell on 7th
The report released by US Energy Information Administration shows that last week the US national commercial crude oil inventories rose 4.6 million barrels, the range is more than market expectations.
Analysts said the inventory data exacerbated by investors to a certain extent for the oversupply of the crude oil market concerns, in the same day the New York oil prices under pressure.
Analysts said the inventory data exacerbated the concerns of oversupply of the crude oil from the investors in a certain extent.
By the end of the day, The light crude oil price of New York Mercantile exchange future delivery in October fell $ 0.07, close at $ 49.09 a barrel, fell by 0.14%. The crude oil price of London Brent future delivery in November rose $ 0.29, close at $ 54.49 a barrel, rose by 0.54%.
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