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International Oil Prices Fell Back On Friday

Saudi Arabia said it had started to increase production, jpmorgan cut its oil price forecast, U.S. oil drilling platforms continued to increase, and U.S. and European oil futures fell back.) on Friday, June 8, the New York mercantile exchange west Texas light oil futures settled at $65.74 a barrel in July 2018, the previous trading day down $0.21, or 0.3%, trading range $65.33 - $66.24;Brent crude for August 2018 settled at $76.46 a barrel on the London intercontinental exchange, down 86 cents, or 1.1 percent, from the previous session, trading between $76.12 and $77.61.China crude oil SC 1809 settled up 8.7 yuan at 4,70.5 yuan a barrel, down 1.4 percent at 4,69.1 yuan a barrel in late afternoon trading, or 0.3 percent.

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