Industry News

Global crude oil prices decline, because of increasing crude oil inventory in US

Views : 169
Update time : 2020-11-19 15:53:14
According to the market of crude oil, the inventory of crude oil in the US showed dramatically increase last week, mainly caused by the worsening epidemic situation, which caused more and more local governments to extend the restriction policy.

Based on that, the crude oil price in the world on November 18th showed weakly.

Among them, the crude oil futures in the US showed US$41.1/barrel, decreased by 0.8% from the previous trading date, and the crude oil price in the Brent Crude came to US$43.52/barrel, declined by 0.53% from the previous day.
Related News
Read More >>
South Africa launches critical minerals strategy, opens new mining law for public comment South Africa launches critical minerals strategy, opens new mining law for public comment
May .22.2025
South Africa launches critical minerals strategy, opens new mining law for public comment
China's iron ore production declines in Jan-Apr China's iron ore production declines in Jan-Apr
May .22.2025
China's iron ore production declines in Jan-Apr
US’ steel coil exports go up in Mar US’ steel coil exports go up in Mar
May .22.2025
US’ steel coil exports go up in Mar
US increases CRC imports in Mar US increases CRC imports in Mar
May .22.2025
US increases CRC imports in Mar