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Crude oil dropped to one-month low amid rising US oil production and inventories

Exclusive Capital Ltd.

WTI and Brent oil contracts prices are trading near one month lows, at $61.30 and $70 per barrel respectively during the European trading session amid the surge of the US crude production, the unexpected increase of the US crude inventories despite the supply concerns from the end of waivers to Iranian oil exports and from the conflicts in Venezuela and Libya.

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Source: https://www.exclusivecapital.com/crude-oil-dropped-to-one-month-low-amid-rising-us-oil-production-and-inventories/
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