Oil continues to fall in the market due to oversupply
Oil prices fell in futures, on Thursday, extended its losses from the previous session.
The prices were landed at a hearing Wednesday about 4%. And ended the European Brent crude contracts for the nearest maturity of the trading session, on Thursday, down 60 cents or 1.24% to a record at 47.98 dollars a barrel settlement.
And US crude futures closed lower 1.12 or 2.42% to $ 45.20 a barrel.
And which contributed to the decline in prices in general internal document of the Organization of the Petroleum Exporting Countries (OPEC) published by some media, expects lower demand for OPEC oil in the next few years.
Organization is likely not to change its policy to defend its market share at its next meeting on the fourth of December / December.
Sources in the "OPEC" that the organization will not cut production as the main producers outside does not appear willing to help reduce Alamadadat.anthy / 29 / d 24
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