Oil Prices Decline Slightly With Expectations Of Increased Production

Dubai – (Massader News )

Oil prices fell slightly on Wednesday, with US crude production forecast to rise, and Brent crude futures fell 0.2% to $ 52.02 a barrel.

Nymex crude futures also fell  0.1% at $ 49.12 a barrel.

The US Energy Information Administration report showed that US oil production in 2018 would rise to 9.91 million barrels per day), compared to a previous forecast of 9.9 million barrels.

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