On Friday Oil dropped following the statement of the United States that its crude production scored a record of 12 million barrels per day. That fact is weakening the attempts by the popular club OPEC to delay supply and contract global markets. The U.S. West Texas Intermediate (WTI) crude oil futures fell 12 cents, at around $56.83 per barrel from their last settlement. International Brent crude futures were at $66.87 per barrel, down 20 cents, or 0.3%, from their last close.
New optimism over U.S.-China trade
Daily Analysis - 22/02/2019