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U.S. crude oil inventories unexpectedly rose and European and American crude oil futures continued to fall
2019-09-26 15:00
U.S. crude oil inventories unexpectedly rose, Saudi oil production recovered faster than expected, and European and American crude oil futures continued to fall. However, some media quoted US President Trump as saying that a trade agreement with China could soon be reached, and the decline in international oil prices has narrowed. Wednesday (September 25) New York Commodity Futures Exchange West Texas Light Oil futures settled at $56.49 a barrel in November 2019, down $0.80, or 1.4%, from the previous trading day, with a trading range of $55.55-57.02; London Intercontinental Exchange Brent Crude Oil futures settled at $62.39 a barrel in November 2019, down from the previous trading day. It fell $0.71, or 1.1%, to $61.23-62.81.
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