Strong oil production pushing prices down

Note: This section contains information in English only.
Source: Bloomberg
Oil prices continued to decrease since US crude production advanced, strengthening the fears that global supply excess may resume. Futures tumbled 1.8% while the output soared to 9.19 million barrels a day, showing the fastest growth since January 1983. Crude price may drop below the forecasts of $39 per barrel. Meanwhile, Oil slipped almost 50% last year, for the first time since the crisis in 2008. 
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Thu, 15 Jan 2015 14:24:07 GMT

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