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On Tuesday, oil prices fell more than 1%, due to concerns about the U.S. crude oil production and rising stock market, oil prices often go earlier due in part to U.S. Secretary of state Tillerson was sacked or driven.
Brent crude oil futures fell $0.31, or 0.5%, to be reported to $64.64 a barrel. U.S. crude oil futures fell $0.65, or 1.06%, to $60.71 a barrel.
Oil market trend is repeated, under a series of factors including the stock market down. Recent stock market and oil market trend is consistent.
In a monthly report on Monday, the U.S. Energy Data Association (EIA) said oil production in the major shale oil producing areas in the United States was expected to reach a record high of 6 million 950 thousand barrels per day in April.
"The trend of us output growth is irresistible. The organization of Petroleum Exporting Countries (OPEC) is getting more and more depressed," said Philip Futures, a senior marketing strategist at RJO Futures, referring to OPEC's efforts to limit production since last year.
The dismissal of Tillerson has made the multilateral agreement on Iran's nuclear capabilities more risky, doubting the potential impact on Iran's crude oil production. Iran is the third largest crude oil producer in OPEC.
President Trump of the United States arranged for the Secretary of state, Pompeio, director of the Central Intelligence Agency (CIA). Pompeio had called for the abolition of the Iran nuclear agreement in 2015.
Trump has threatened to withdraw from the nuclear agreement between Iran and the six powers unless the U.S. Congress and European allies "mend" the agreement.
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