US oil fell nearly 1 percent amid worries that a further rise in US crude oil production, or

Tencent securities FRANCISCO, January 30 morning news, according to market watchers US financial website reported that crude oil futures prices ended lower on Monday, with the US benchmark crude oil futures retreated from a three-year-high, because the number of active oil rigs in the United States the increase led to speculation that the country's crude oil production will rise further market。 At the same time, natural gas futures prices, there was greater volatility, which rose sharply in February contract whose expiration date。
New York Mercantile Exchange, March delivery of West Texas Intermediate crude oil (WTI) futures fell 58 cents to $ a barrel, down percent after the contract hit from last Friday's trading the highest closing price since December 2014。 Meanwhile, on London's ICE Futures Europe Brent for March delivery crude oil futures prices fell $, to close at $ a barrel, down%。 Oilfield service provider Baker Hughes (Baker Hughes) announced on Friday reported that this week the number of active domestic oil drilling platform increased by 12 to a total of 759。
Baker Hughes This data may provide clues for future crude oil production in the United States, the number of rigs increase means that production may rise, which for the price of oil is usually a negative factor。
WTRGEconomics energy economist James Williams (JamesWilliams) have pointed out that the number of active oil rigs last week's record, "the largest increase since March of last year, while crude oil drilling activities is now in since last September 1 the highest level since May last year, compared with the 2017-year high hit on August 11, the number of rigs only eight less of it。 "The reason to promote a new high of more than $ closing on Friday hit three years, strong demand on the performance of the oil market, geopolitical risks still lingering, the dollar fell, and production cuts OPEC (OPEC) has made underwriting taken。
But in Monday's trading, the dollar exchange rate will have risen, causing oil prices under pressure。
Under normal circumstances, the dollar will lead to rising gold and oil prices and other dollar-denominated commodities futures fell, due to the cost of holding other currencies investors to buy these goods will become high; and vice versa。 In other energy trading New York Mercantile Exchange, February delivery RBOB gasoline futures prices fell%, to close at US dollars per gallon; February delivery heating oil futures prices fell%, to close at US dollars per gallon,%; February natural gas futures prices rose cents to close at US dollars per million British thermal units, up%, the contract expired at the close on Monday。
In the overall transaction last week, the February contract has risen about 10%。 At the same time, that is, the price has now become the March contract month contract is closed down less than 1 cents to dollars per million British thermal units。