US’ cuts crude oil output, stimulates crude oil price to increase
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Update time : 2020-08-03 19:25:26
According to the report from the US government, the total output of crude oil in May of the US had decreased strongly by 2 million barrels/day, came to 10 million barrels/day.
It was a new historical amount of the declining amount in a single month, and which stimulated the crude oil price increase, including in Brent Crude and the New York Mercantile Exchange.
Among them, the crude oil price came to around US43.52/barrel in Brent Crude, increased by 1.4% on July 31st, and reached US$40.27/barrel in the New York Mercantile Exchange, increased by 0.9% at the same day.
