Oil prices are falling as US production hit a record high

Media In / Singapore 02-05- 2019
Oil prices fell today under the weight of record US crude production, leading to a rise in inventories. Brent crude futures were at $ 71.81 a barrel, down 35 cents, or 0.5 percent, from their latest close.
US crude was down 27 cents, or 0.4 percent, at $ 63.33 a barrel.