LIVE COMMODITY CRUDE OIL NEWS UPDATE @@✔✔✔💲📉📉📊 BY TRDELINE India's No.1mcx Tips Provider Missed Call @:/8057046270/8923452051
UPDATE 1-Record U.S. crude production weighs on oil prices * U.S. crude output hits record 11.9 mln bpd * U.S. oil output, storage: * U.S. to become net fuel exporter in 2020 -Julius Baer * OPEC leads efforts to cut supply to rein in glut (Adds detail, comment, graphic; updates prices) SYDNEY, Jan 17 (Reuters) - Oil prices dipped on Thursday as U.S. crude production quickly approached an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge.U.S. West Texas Intermediate (WTI) crude futures were at $52 per barrel at 0140 GMT, down 31 cents, or 0.6 percent, from their last settlement.International Brent crude oil futures were down 34 cents, or 0.6 percent, at $60.98 per barrel. American crude oil production C-OUT-T-EIA reached a record 11.9 million bpd in the week ending Jan. 11, the Energy Information Administration (EIA) said on Wednesday, up from 11.7 million bpd last week, which was already the highest national output in the w