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|NEW YORK Nike Air Max 90 Rosa Por Mayor , July 15 (Xinhua) -- Oil prices plunged Wednesday as government report showed U.S. crude production still maintained at its high level.
U.S. crude production was little changed and registered at 9. 562 million barrels a day last week, according to Energy Information Administration's weekly report released Wednesday.
Inventories at Cushing, Oklahoma, the delivery point for the U. S. contracts Nike Air Max 90 Blancas Por Mayor , were added 440,000 barrels to 57.1 million barrels.
Iran and six world major countries have adopted an agreement on the Iranian nuclear issue Tuesday. The related economic and financial sanctions will be terminated all at once under a UN resolution and in an agreed framework.
Traders worried that more Iran crude would come to the already well-supplied oil market.
Oil prices lost also as U.S. dollar appreciated against other currencies as Federal Reserve Chair Janet Yellen indicated an interest-rate hike later this year.
A stronger greenback made the dollar-priced crude more expensive and less attractive for buyers holding other currencies.
The West Texas Intermediate for August delivery moved down 1.63 U.S. dollars to settle at 51.41 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery decreased 1.46 dollars to close at 57.05 dollars a barrel on the London ICE Future Exchange.
NEW YORK, Aug. 11 (Xinhua) -- Oil prices dived Tuesday as crude output from the Organization of Petroleum Exporting Countries ( OPEC) increased in July.
In July Nike Air Max 90 Azules Por Mayor , OPEC crude production increased by 101,000 barrels per day to average 31.51 million barrels per day, according to OPEC monthly oil market report released Tuesday.
Non-OPEC oil supply is expected to grow by 960,000 barrels in 2015 Nike Air Max 90 Mujer Por Mayor , following an upward revision of 900,000 barrels, due to higher-than-expected output from non-OPEC producers mainly outside of North America.
OPEC maintained its output quota of 30 million barrels per day at June's meeting. The cartel's output accounted for around 40 percent of the global crude output.
Algerian Energy Minister Salah Khebri said Monday that OPEC has no plans for an emergency meeting to discuss the drop in oil prices before the next scheduled gathering in December. Algeria is one of the OPEC members.
The West Texas Intermediate for September delivery moved down 1. 88 U.S. dollars to settle at 43.08 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery decreased 1.23 dollars to close at 49.18 dollars a barrel on the London ICE Future Exchange.
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