Singapore (INA) – Oil prices continued to decline in Asia today, Tuesday, in an atmosphere of concern raised by the increase in US shale oil production. At around 03.30:52.55 GMT, the price of a barrel of light crude oil (Light Sweet Crude), the American reference for crude for May delivery, lost ten cents to reach $55.28 in electronic exchanges in Asia. The price of a barrel of Brent North Sea oil, the European reference for June delivery, also fell eight cents to $124. According to Agence France-Presse, the US government spoke on Monday of an expected increase in shale oil production of XNUMX barrels per day in May. Investors believe that this increase could affect the production cut decided by the Organization of the Petroleum Exporting Countries (OPEC) and its partners to support prices. (End) Pm / h p
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