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REUTERS – UPDATE 2-Oil prices fall over 1 pct on recovery in U.S. output

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by January 19, 2018 General

UPDATE 2-Oil prices fall over 1 pct on recovery in U.S. output

Contributed by NAMPA / Reuters.

* US crude output soon expected to break through 10 mln bpd
* Crude prices in line for biggest weekly drop since October
* Despite the falls, analysts say market is relatively tight
(Updates prices)
By Henning Gloystein
SINGAPORE, Jan 19 (Reuters) – Oil prices dropped more than 1
percent on Friday as a bounce-back in U.S. production outweighed
ongoing declines in crude inventories.
If Friday’s falls last, this week will see the biggest
weekly price decli …

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