US oil fell by more than 4percent on the prospect of demand hit by the epidemic and OPEC production increased

category:Finance
 US oil fell by more than 4percent on the prospect of demand hit by the epidemic and OPEC production increased


(the above picture shows the intra day time sharing chart of us WTI crude oil futures price in November, and the time on the chart is US Eastern time; source: Huitong finance and Economics)

(the above picture shows the daily candle chart of the US WTI crude oil futures price in November in the latest year, and the time shown on the chart is US Eastern time; source: Huitong finance and Economics)

Tamas Varga, an analyst at pvmoil, said it was clear that the outbreak was not under control. The infection rate is on the rise, the global death toll has exceeded the 1 million mark, and the world is becoming gloomy again. The survey found that the average output of OPEC in September increased by 160000 barrels / day compared with August. The news also put pressure on the oil market. Libyas oil production has risen to 270000 B / D as export activities increase after the eastern armed forces relax the blockade, a Libyan oil source said on Thursday. According to ihsmarkits offshore commodity data, OPEC member countries paid 18.2 million barrels / day of oil in September and 17.53 million barrels / day in August, while Saudi Arabias exports rebounded to a level above 6.25 million barrels / day. Source: huitong.com editor in charge: Zhang Mei_ NF2100

Tamas Varga, an analyst at pvmoil, said it was clear that the outbreak was not under control. The infection rate is on the rise, the global death toll has exceeded the 1 million mark, and the world is becoming gloomy again.

The survey found that the average output of OPEC in September increased by 160000 barrels / day compared with August. The news also put pressure on the oil market.

Libyas oil production has risen to 270000 B / D as export activities increase after the eastern armed forces relax the blockade, a Libyan oil source said on Thursday.

According to ihsmarkits offshore commodity data, OPEC member countries paid 18.2 million barrels / day of oil in September and 17.53 million barrels / day in August, while Saudi Arabias exports rebounded to a level above 6.25 million barrels / day.