The $54 mark has broken the international crude oil prices rise unstoppable

2016-12-29 12:27:33 source: STONE COATED STEEL ROOF TILES

Due to the impact of the holiday season, the United States API crude oil stocks postponed to Thursday (December 29th) 05:30 announced, 00:00EIA crude oil inventories, oil investors need to pay close attention to.

As of 16:19 Beijing time, the U.S. WTI crude oil prices last traded at $54.16 / barrel, up $0.27, or 0.50%.

OPEC and non OPEC oil production this month reached a historic agreement, will begin production of 1 million 800 thousand barrels in January next year, in order to reduce the huge inventory, help boost oil prices decline after more than two years to maintain. Saudi energy minister Farich today (December 28th) said that the agreement reached between OPEC and non OPEC countries will bring the right price.

Last week he expressed confidence in the recovery of oil prices in 2017, saying the current level of oil prices is unsustainable, requiring higher oil prices to encourage investment and create new supplies for the future. He believes that oil prices may be somewhere between $50-100 per barrel balance.

 

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