oil
oil

Oil Prices Drop, Brent Hits $ 52 A barrel

Dubai – (Massader News )

Oil prices fell on Friday, driven by increased US production and higher OPEC exports. Brent crude futures settled at $ 52 a barrel.

The price of NYMEX crude futures settled at $ 49.01 per barrel.

OPEC exports rose to 26.1 million bpd in July, an increase of 370,000 bpd, according to a Reuter’s survey.

US government data showed production rose 12 percent to 9.4 million bpd.

Focus Keywords

#Dubai Masaader News #Oil prices Masaader News #OPEC Masaader News #Energy Masaader News