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The decline in oil prices after the operation "Storm packets" end
4/22/15
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Futures contracts for crude oil prices fell about 2%, on Wednesday, after the announcement of the termination of Arabia "storm packets" operations in Yemen, which is authorized receding tensions in the Middle East and with the expectations of other weekly increase of US stocks of crude.
The decline in combination "Brent" price in futures for June delivery settled at US $ 1.37 or 2.16 percent to $ 62.08 a barrel.
The price of US crude fell in May contracts come to maturity on Tuesday to $ 1.12 at the settlement or 1.99% to $ 55.26 a barrel.
Showed an initial survey for "Reuters" that "is likely to be US stockpiles of crude rose 2.4 million barrels last week, the fifteenth week of crude increases."
Traders said the senior commodities that "oil prices may see further decline but it is unlikely to record a new record low levels this year," and attributed it to "the intensification of demand for crude.
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