Burst! International Oil Prices Fell More Than 6%

According to the latest news from domestic and foreign media, international oil prices fell sharply by more than 6% on the 19th due to factors such as adjustments in production by major oil-producing countries and market concerns about the situation of the new crown epidemic.

As of the close of the day, the price of light crude oil futures for August delivery on the New York Mercantile Exchange fell 5.39 US dollars to close at 66.42 US dollars per barrel, a decrease of 7.51%, the largest single-day drop since September 8 last year; The price of London Brent crude oil futures fell 4.97 US dollars to close at 68.62 US dollars per barrel, a decline of 6.75%, the largest single-day drop since March 18 this year.

The price of light crude oil futures for August delivery on the New York Mercantile Exchange and the price of London Brent crude oil futures for September delivery fell to 65.86 US dollars and 67.75 US dollars per barrel respectively.

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing countries said on the 18th that they will gradually increase production and will raise the production baselines of many countries. This has caused market concerns under the current situation of the new crown epidemic.