Oil prices drop after surprising official US data

Friday 29th May 2020 - 13:34

Oil prices drop after surprising official US data

follow-up data

 

 Oil prices fell today, Friday, after the issuance of surprising official data on crude stocks in the United States, and this comes at a time when markets are under pressure from falling demand with an increase in supply.

 US light crude futures fell 1.60% to $ 33.17 a barrel, while global crude futures contracts, "Brent", fell 0.62% to $ 35.07 a barrel, according to Bloomberg website data.