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    Brent: the price continues falling on 03.07.2015

    At the beginning of the week, the price of oil fell from the levels of 62.30, 62.00 to $61.30 per barrel but gained back all the losses on Tuesday. The price strengthening was the result of negative expectations about the US oil reserves that were forecasted to drop by more than 3 million barrels. Contrary to expectations, the reserves showed an increase, after which the price returned to the opening levels of 62.00, 61.80 and remained in the narrow channel between 62.70 and 61.60 since. 


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