CCTV9英语新闻：Global oil prices hit new lows since spring 2009

The global oil markets experienced another blow on Monday, with prices hitting their lowest in five and a half years. 

 

US crude at one point hit below $50 a barrel, while Brent dove under $53. This was related to the latest signs of oversupply¹. Russia's oil output is at new highs since the Soviet² era, and oil exports by Iraq are close to their 35-year peak. 

 

Saudi Arabia's most recent cut to its monthly oil prices for European buyers - which it has done six times now since June - as well as the tumbling euro, have also contributed to the price drop. US crude settled at $50.04 a barrel. The benchmark Brent, on the other hand, closed at $53.11 a barrel. Both numbers were down more than 5 percent.

 

1 oversupply   

n.供应过量；v.过度供给

参考例句：

• The market softened because of oversupply.市场因供过于求而疲软。
• Overexpansion of tea fields has led to oversupply.茶园过度扩张，使得市场上逐渐供过于求。

2 Soviet   

adj.苏联的，苏维埃的；n.苏维埃

参考例句：

• Zhukov was a marshal of the former Soviet Union.朱可夫是前苏联的一位元帅。
• Germany began to attack the Soviet Union in 1941.德国在1941年开始进攻苏联。