Oil prices continue to fall after record data in the United States * :: Investor.bg

The two most traded oil prices rose about 1% Wednesday after the Energy Information Administration, as reserves US gas prices decreased with distilled fuel stocks.

Oil production in the United States reached a record 11 million barrels a day, with only 1 million barrels since November, thanks to a rapid increase in shale oil production

US gasoline inventories fell 3.2 mil barrels last week, while diesel and fuel oil distillate inventories fell by 371,000 barrels

The Reuters study was conducted prior to the release of the data, provided that inventories of Gasoline remain unchanged Crude oil reserves in the United States rose 5.8 million leva last week, against a forecast of 3.6 million barrels

At the meeting of the United States, Organization of Wednesday exporting countries (OPEC) and other non-cartel producers have made clear that the offer reduction agreement is not strictly adhered to, which means that There is more oil on the market

Oil was cheaper last week than Saudi Arabia and the other OPEC member states and Russia increased their production until the end of the year. At the same time, interruptions of supplies from other parties of the world declined.On the commodity markets the immediate delivery of gold continued to decline by 0.32% to $ 1223.50 troy ounce, the previous session has hit a one year lurch. The price of cocoa fell by 2.42%. The dollar index measuring the strength of the US dollar against a basket of six major currencies, rose 0.09% to 95.18 points. The dollar fell against the yen by 0.04% to 112.81 points. The Australian dollar remained stable against the American at 0.7399 points

* The information is up to date at 9:12