daily Monday (October 31st), The international oil price The intraday pressure fell nearly 3%, the organization of Petroleum Exporting Countries (OPEC) on the weekend talks failed to reach agreement on the production operations, and non OPEC oil producing countries also did not make any definite commitment to limit production.
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In addition to start dollar rally also weighed on oil prices, the U.S. WTI crude oil futures prices hitting an intraday low of $47.27 / barrel, Brent crude oil futures prices hitting an intraday low of $49.08 / barrel, for the first time since the end of 9 fell below the 100 day moving average.
OPEC members, including Azerbaijan, Brazil, Kazakhstan, Oman and Russia’s non OPEC oil producers and oil experts have officials over the weekend in Vienna held technical talks, but did not reach any agreement, the two sides plan to hold a meeting in Vienna on November 30th OPEC policy meeting.
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