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The International Oil Prices Fall Closed At $53.83 A Barrel On Mar 1.
Mar 02, 2017

The international oil prices fall closed on Mar 1.

According to data from US Energy Information Administration(EIA), last week, the US national commercial light crude oil inventories rose continuous for eight weeks, up to 520.2million barrels. 

Analysts said, the increasing American crude oil output  increased market supply exceeds demand, the international oil prices weighed on the downside.

By the end of the day, the future price of light crude oil delivery in April from the New York Mercantile exchange drop $0.18, closed at $53.83 a barrel, the drop rate is 0.33%. The future price of crude oil from London Brent delivery in May drop $0.15, closed at $56.36,  the drop rate is 0.27%.

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