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Crude oil futures down 2%, US crude oil stock increase and weak indicators are under pressure

2019-10-02T20:50:16.463Z


[New York 2nd Reuters]-Crude futures fell 2% in a 2 day transaction. Weekly US crude oil inventory statistics increased more than expected, raising concerns about oversupply of crude oil. A series of rice indicators such as manufacturing-related indicators are sluggish


[New York 2nd Reuters]-Crude futures fell 2% in a 2 day transaction. Weekly US crude oil inventory statistics increased more than expected, raising concerns about oversupply of crude oil. The low level of a series of rice indicators, such as manufacturing industry-related indicators, was another source of pressure.

North Sea Brent Futures <LCOc1> was liquidated at $ 57.69, down 1.20 dollars (2%). The liquidation price of US WTI crude futures <CLc1> is also $ 52.64, down $ 0.98 (1.8%).

The weekly US crude oil inventory announced by the US Energy Information Agency (EIA) increased 3.1 million barrels, exceeding the market forecast of 1.6 million barrels.

Source: asahi

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