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    Brent: the prices are going dow on 26.05.2015

    On Tuesday the price of the oil futures fell amid strengthening in the USD. The price of crude oil Brent fell to $65.02 per barrel. 5 days are left before the OPEC meeting on 5 June. It is already known that there is no plan to reduce the quotes for oil production at this meeting. In Saudi Arabia export of oil is increasing. There is the increase in supply of oil from both Iran and Iraq. In addition, during the summer period the price of oil always goes down. Keep in mind also that closure of the drilling rigs in the USA has slowed down in the past few weeks. 


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