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Crude oil prices fail against a US outlook for US production



Crude oil prices rose higher and lower on Wednesday after data showed a surprisingly sharp contraction in domestic supplies while US production is expected to rise in the foreseeable future.




Analysts surveyed by S & P Global Platts saw a drop in crude oil stocks of 250,000 barrels and an increase in gasoline stocks by 2.6 million barrels.




Energy Information Administration said oil stocks fell [

Later Tuesday, the US Petroleum Institute reported a drop in crude oil supplies of 560,000 barrels and an increase in gasoline stocks of 5.99 million barrels.

Domestic oil production has risen to 1

1.9 million barrels per day, compared with 11.7 million in the previous week. US Prices of crude oil dropped, then rose, then yielded profits before trading at $ 52.07 a barrel. Brent was also at a low price of $ 60.65. Crude oil prices surged on Tuesday after Chinese authorities said the central bank would take measures to boost economic growth Exxon Mobil shares (XOM) declined by 0.1% on the stock market today . Chevron (CVX) declined by 0.7%. Royal Dutch Shell (RDSA) fell 0.9%. BP (BP) lost 0.7%. Britain's shares were affected after Parliament rejected the plan to remove Prime Minister Teresa May. and grow by another 790,000 bps. in 2020 to 12.86 million bp.

While the United States was briefly a net exporter of oil at the end of last year, the latest forecast shows it will be a net net exporter by 2020

lowered its forecast for Brent oil prices in 2019 by 0, 8% to $ 60.52. But the US crude oil price estimate remains at $ 54.22.

In anticipation of 2020, the EIA sees an average price of $ 60.76 for Brent and $ 60.76 for US oil.


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