Oil prices dive after NYMEX contracts expire, Nigeria exceeds OPEC production quotaHigh U.S. product stocks and the assurance of uninterrupted Iraqi crude exports also contributed to the lowering of oil prices Tracy Wilson PNA Staff Writer
Reports that Nigerian oil production exceeded its OPEC quota and expiration of the June NYMEX products contracts sent crude oil and products prices down on the last trading day of May, according to a monthly report released June 3 by the U.S. Department of Energy’s Energy Information Administration.....
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