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Oil falls for a fourth day due to concerns about inventory and lower Wall Street

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Rocky


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Oil falls for a fourth day due to concerns about inventory and lower Wall Street




11/10/15

And Kalat- - Oil prices fell by as much as one percent, on Monday, extending losses for the fourth consecutive under pressure imposed by the new increase in inventories in the delivery of futures US crude stocks fell on Wall Street point of the day.
And lost futures crude for at least seven percent since the settlement on Wednesday.

And negatively affected by the oil due to fears of a rise in US stocks of refined petroleum products such as heating oil, also with the increase in refinery production after the end of the maintenance season under milder than usual weather.

Among other factors that pressured the oil production approaching Russia, Saudi Arabia and other major producers in the world of record highs.

The price of Brent crude dropped in the nearest month contract maturity 23 cents or 0.5 percent at the settlement on Monday to $ 47.19 a barrel.

And it ended the WTI US in decades nearest maturity session down 42 cents or one percent to $ 43.87 a barrel.

Traders said Zhinskab briefed on the company data for market information that the company's data show an increase in stocks futures US crude for delivery in Cushing, Oklahoma by 1.8 million barrels in the period between October 30 and October the fifth of November point.

On the other hand, a Reuters poll showed that analysts expect rising inventories in the United States for the seventh consecutive week by 800 thousand barrels last week.

It is scheduled for release the American Petroleum Institute inventory data on Tuesday, while the US Energy Information Administration issued statements on Thu

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