Crude oil prices higher in Asia today
WTI crude oil for August delivery rose 0.44% to $ 51.14 a barrel.
Surov The Brent oil for September delivery traded lower level of $ 56.97 a barrel and a high of $ 57.99,
Despite significant declines in inventories of US crude is expected downtrend in crude oil WTI due to a glut of oversupply on world markets, energy analysts expect significant draws in stock levels in the summer months during the peak summer driving season in the US.
Perhaps the decline in the price of oil will continue until overproduction decreases. For comparison, OPEC production in June reached a three-year peak and Saudi Arabia reached a record 10.6 million barrels per day.
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