continued oversupply and fears of a rise of the dollar, when the Federal Reserve, interest rates end up clicking on the futures contracts for crude oil on Tuesday.
The total US crude futures to $ 46.17 a barrel, up three cents from the last adjustment after falling in the previous session on global growth Almkhozonat.onzl Brent crude eight cents to $ 48.71 influenced by pressures imposed by high production in Russia to its highest level after the Soviet era, while the prospects for demand from Chin.oukal fell Bank (ANZ) in the morning memo Crude remains under pressure due to news that frequent on the side of the supply and slowing demand in China, with Russian production skip the record level of the post-Soviet Union in the month of October for the fourth time during the current year, and the news from Iran paint a negative image.
in time same postpone Producers of oil in the Gulf maintenance of fields work until next year to maintain high production and cut costs with the expectations of continuously low oil prices in 2016.
It is unlikely that the expected decline in US production as a result of falling prices enough to reduce the oversupply dramatically and is expected to excess supply will remain above one million barrels per day on average in 2015.okan supposed American Petroleum Institute data issued on Tuesday, oil inventories in the United States for the week ending the 30th of October amid expectations constantly expanding surplus for the fourth week in a Altoala.ovi With an oversupply of the largest producers remain weak demand levels constant, especially Asian demand with the stagnation of the Japanese economy during the second quarter and continued weak indicators during the third quarter, in conjunction with the continued growth of the Chinese economy decline and the weakness of his statements during the second half of this year despite the stimulus measures to PBOC .
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