After private sector data showed increase of oil stocks in the United States and the differences about how to share oil production cuts in OPEC, the negative process continued under 50 USD level for per barrel. Oil futures contracts in New York fell 2.3% after falling 1.1% than in the previous two sessions. According to data announced by the American Petroleum Institute, oil stocks increased by 2.7 million barrels last week. There are a lot of serious differences between individual production of oil after OPEC discussion. China's crude oil imports rose to 8.08 million barrels daily in the month of September. After that, the fluctuating trend of oil prices is showing under the 50 USD level to the traders. There will be another meeting in Vienna in near future. At the meeting of OPEC, they will try to resolve the dispute how much oil Venezuela and Iraq will produce during the oil limiting process.

Comment Send

• 

  Global markets are worried before oncoming USA elections

• 

  Emerging markets are experiencing the biggest decrease of three weeks

• 

  China foreign trade surplus increased in January

• Gold market is trading the highest level of last six months

• 

  Oil started to lose value after USA Oil Rezerves Data

• 

  The PMI Data shows a recovery in purchasing side of the USA

• 

  Gold market is testing negative trend

• 

  There are some revisions predicted in ECB Report

• 

  Euro zone is pricing the data from construction sector in Europe.

• 

  EUR/USD is continuing upward movement today