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Lower oil prices for "50" dollars a barrel
3/18/15
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Oil prices fell toward the barrier of $ 50 for a barrel of crude, "Brent" and the price of forty dollars US light crude with the increase in US commercial stocks and expectations of abundant supply in the market in April.
And early Wednesday the price of Brent crude to $ 53.26 a barrel, while US crude fell to $ 42.67 a barrel.
The US weekly inventory figures showed a significant increase in the market and expects the International Energy Agency monthly report, which is expected to confirm the increase of stocks (in other words, the decline in demand) compared to an oversupply.
Did not prevent further decline in oil prices decline only slightly in the dollar exchange rate pending the decision of the US Federal Reserve on interest rates on the dollar.
With the end of March futures contracts, and contracts for the start of April, it is expected that oil prices are downward pressure with the end of the winter season.
There are signs that the Organization of Petroleum Exporting Countries "OPEC" may have to make a decision to cut production ceiling of its members in their regular meeting in June, hoping not to be too late to stop the deterioration of the possibility of rabies at the time.
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