World crude oil prices plummet to lowest in 3 months, WTI falls to 77 dollars/barrel.
World crude oil prices plummeted to their lowest in 3 months, with WTI crude oil falling to 77 dollars/barrel. Amid US crude oil production capacity surges While there is concern about the global demand for crude oil.
On November 8, 2566 at 08.30:8 a.m., Reuters news agency reported that crude oil price The world fell on Wednesday (Nov 3) to a three-month low after industry data showed U.S. crude oil output surged. Meanwhile, Chinese economic data raises concerns about global crude oil demand.
Brent crude futures fell 25 cents to $81.36 a barrel. Meanwhile, US crude futures (WTI) fell 35 cents to $77.02 a barrel. Both fell to their lowest levels since July 24 in early Asian trading.
Market sources revealed Citing figures from the American Petroleum Institute. that U.S. crude oil stocks rose nearly 12 million barrels last week
The U.S. Energy Information Administration (EIA) will delay the release of weekly inventory data until the week of November 13, 2566, saying U.S. crude oil production this year will increase slightly less than expected. while demand will decrease
EIA now expects total domestic petroleum consumption to fall by 300,000 barrels per day this year. This reverses previous predictions of an increase of 100,000 barrels per day.
while information in China which is the world's largest consumer of oil This also raises doubts about the demand trend. Crude oil imports grew strongly in October, but overall exports of goods and services shrank faster than expected. This has raised concerns that global energy demand will fall.
Reference: reuters.com
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