The US West Texas Intermediate benchmarks ended the session low with a low of $ 2.45, or 9.4%, to settle at the settlement of $ 23.63 a barrel. Brent crude futures closed $ 1.18, or 3.6%, to $ 31.87 a barrel.
The global oil market is seeing great caution from investors about expectations that the world's largest producers will quickly agree to cuts in crude supplies.
The decline has accelerated before weekly reports on US oil stocks, and analysts expect to show an increase of 9.3 million barrels in crude oil stocks and a jump in stocks of refined products. >
The world's largest crude suppliers, including Saudi Arabia and Russia, plan to meet next Thursday to discuss production cuts, but sources have told Reuters that a few ministers have said they will not do this Unless the United States joined the cuts.
The US Energy Information Administration said yesterday that crude oil production in the United States is expected to drop by 470 thousand barrels per day in 2020, while demand is expected to decrease. About 1.3 million barrels per day.
