Will US Crude Oil Production Pressure Crude Oil Futures?

March US crude oil futures (UWT) (DBO) contracts fell 1.6% to $64.50 per barrel on January 30, 2018. Brent (BNO) oil futures also fell 0.6% to $69.02 per barrel on the same day. Prices fell for the second consecutive day due to the expectation of a rise in US crude oil production and inventories.

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