International oil prices collapse again
2016-02-21
Affected by market expectations the Bank of Japan and the European Central Bank may further easing of monetary policy and the United States and Europe suffered the effects of cold weather, the international oil price on the 21st and 22nd since 12 year lows rose strongly.
However, the oversupply of the market, the global economic slowdown, the dollar strong and other factors continue to suppress the price of oil.
25, said the Iraqi government, in December last year, the country's oil production hit a record high. Saudi Arabian oil company, Saudi Arabia, 25, said that despite the oil prices, the company's investment in crude oil production capacity is not reduced. As the world's largest oil production and export enterprises, the company has a huge oil storage.
As of the date of closing, the New York Mercantile Exchange in March 2016 delivery of light crude oil futures prices fell $1.85 to settle at $30.34 a barrel, down 5.75%. March delivery in London, Brent crude oil futures prices fell $1.68 to settle at $30.5 a barrel, down 5.2%.
