International oil price drops below 80 US dollars

Source: Internet
Author: User
Keywords Oil
Tags broke closed exchange media session the new the new york
January 14 British media reported that, although the cold winter and other factors before the rapid rise in international oil prices, but quickly fell sharply, at present, each barrel has fallen below 80 U.S. dollars. The Illaf newspaper, published in London, reported today that, in 2010, when international oil prices climbed sharply as the winter weather affected, oil prices in the New York Mercantile Exchange broke 81 dollars in the first trading session this year, the highest in 15 months, and 11th, when the exchange closed to 82 per barrel. 52 Dollars. London International Oil exchange crude oil prices also reached 80.  97 dollars. reported that 13th, oil prices fell, the New York Mercantile Exchange February delivery of the U.S. light crude oil fell by 1. 14%, 79 per barrel. 95 dollars, Brent crude on the London international Oil exchange fell 1. 11%, 78 for each barrel.  42 dollars. The report noted that, despite the current winter, heating demand for crude oil, but the oil consumption of the United States Department of Energy released market inventory report has led to a reversal of international oil prices, according to the U.S. Department of Energy, the U.S. oil inventory increased by 3.7 million barrels, more than the forecast of 3 times times, Inventories of petroleum distillate products increased by 1.4 million barrels, while the original forecast was reduced. The report also said that another reason for the decline in international oil prices is the world's second largest oil consumer bank reserves increased. (Yasukuni)

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