In response, US light crude oil fell 22 cents to $59.80 a barrel in out of hours trading in Asia.
104
Crude Slid Down On OPEC Keeping Output Level, US Stock Sufficiency
Crude oil prices tumbled below $60 a barrel after OPEC left output levels unchanged
Oil prices tumbled $60 a barrel after OPEC left oil output levels unchanged and the US's rise in crude oil stocks.
With supply problems still surrounding Iraq, Nigeria and Iran, OPEC decided on Wednesday to keep pumping oil at near capacity.
In response, US light crude oil fell 22 cents to $59.80 a barrel in out of hours trading in Asia.
Crude supplies are at a six-year high in the US. Figures published on Wednesday showed stocks rose by 6.8 million barrels to 335.1 million last week.
In response, US light crude oil fell 22 cents to $59.80 a barrel in out of hours trading in Asia.
Подпишитесь
