After six days of gain oil prices fell again in Asia. West Texas Intermediate for May delivery dipped 43 cents to $56.28 per barrel. Brent crude for June eased 48 cents to $63.50, Presstv reports. Over the past week the prices of both WTI and Brent were recovering, today it has again downward slop.
According to some investment analysts, oversupply of oil output is created by OPEC, which pumps a third of the world’s oil. The average production in March was 30.79 million barrels per day.