Oil prices fall with the rise of the US dollar

Oil prices fall with the rise of the US dollar


5/3/15

Information / follow-up / ..
Futures for crude oil prices fell, the Sabbath, to descend without the highest levels since the beginning of the year 2015 and with the rise of the US dollar.
The Iraqi Oil Ministry in a statement yesterday, said that "oil exports rose in April 2015 to a record level of 3.08 million barrels per day from 2.98 million barrels in March 2015".
The price of crude "Brent" US crude between 20 and 25% in April 2015 with support from the weaker US dollar and bets on the decline of oversupply following a losing streak lasted from June 2014 to January 2015 knocked prices to half of the over $ 100 a barrel.
Trading was thin on Friday, in light of the closure of some major markets on the occasion of the May Day holiday.
The decline in the price of crude, "Brent" contract settled 32 cents or 0.48% to $ 66.46 a barrel.

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