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Jan 31, 2018

US Energy Information Administration will be announced on the 31st of the United States commercial crude oil inventory data, the market generally expected US commercial crude oil inventories will increase. Analysts said that this expectation caused the international oil price to drop day by day.


In addition, the United States continued to rise in crude oil production also under pressure on international oil prices.


As of the close the same day, light sweet crude for March delivery on the New York Mercantile Exchange lost 1.06 U.S. dollars to settle at 64.50 U.S. dollars a barrel, down 1.62%. March delivery of London Brent crude oil futures fell 0.44 US dollars to close at 69.02 US dollars a barrel, down 0.63%.