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JANUARY 16,2020
U.S. oil product inventory increase depresses market atmosphere international crude oil decline
2020-01-16 13:56
Despite the decline in US crude oil inventory last week, the sharp increase in US refined oil storage depressed the market atmosphere. Affected by this, international crude oil fell on Wednesday (January 15), and European and American crude oil futures fell to the lowest level since December 2019. New York Mercantile Exchange West Texas light oil futures settlement price in February 2020 was $57.81 per barrel, down $0.42/barrel, down 0.7%, trading range $57.36-58.36/barrel; London Intercontinental Exchange Brent crude oil futures settlement price in March 2020 was $64 per barrel, down $0.49/barrel, down 0.8%, trading range $63.55-64.6/barrel 。
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