May 11:
NEW YORK , May 11(Xinhua ) -- Oil prices lost Monday as worries persisted that global supply would continue to surpass demand in the near future .
For the week ended May 1, U .S . crude production retreated 4,000 barrels to 9.369 million barrels a day , still at historic high level , according to the Energy Information Administration (EIA ).
U .S . crude supplies decreased to 487 million barrels a day , still 89.5 million barrels more than a year earlier . Inventories at Cushing , Oklahoma , the delivery point for the U .S .contract , were 61.67 million barrels .
Meanwhile , oil output from Organization of Petroleum Exporting Countries (OPEC ), which supply a third of world crude oil , was little changed in April , only dropping 1,000 barrels to 31.295 million barrels a day , according to a survey .
Oil prices also retreated on a stronger U .S . dollar Monday as an appreciated greenback makes the dollar-priced crude more expensive and less attractive for buyers holding other currencies .
Light , sweet crude for June delivery lost 14 cents to settle at 59.25 U .S . dollars a barrel on the New York Mercantile Exchange . In London , Brent North Sea crude for June delivery ,the global benchmark , moved down 48 cents to close at 64.91 dollars a barrel .
Source: http://en.people.cn/business/n/2015/0512/c90778-8890823.html?
Source: http://en.people.cn/business/n/2015/0512/c90778-8890823.html?
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