CPC fuel prices to drop by NT$0.6 Monday

Focus Taiwein
Date: 2016/07/31 17:02:09
By Chen Cheng-wei and Romulo Huang

The decision to lower domestic fuel prices is reflective of international crude oil prices, which fell last week due to lingering concerns over a global supply glut and an unexpected increase in oil inventories in the U.S. market.

The U.S. crude inventories rose by 1.67 million barrels to 521.1 million last week, the first increase in 10 weeks, according to the U.S. Energy Information Administration   The decision to lower domestic fuel prices is reflective of international crude oil prices, which fell last week due to lingering concerns over a global supply glut and an unexpected increase in oil inventories in the U.S. market.     [FULL  STORY]