Crude prices in the international market crash not subsided. Monday's session crude prices broke 11 years 4 per cent was closer to the grassroots.While shopping at business session Monday because of genuine recovery in crude prices and lower level 7 years updated nearly 5.5 per cent recovery, currently $ 36.28 a barrel on the International crude market closer to naymaiks doing business.
Crude rocketed close to 11 years grassroots
Monday's business session naymaiks barrel crude was $ 34.60. If crude slips down on the crude naymaiks 34.60 2004 IE 11 years.
Why the decline in crude
The u.s. Central Bank the Federal Reserve's Tuesday meeting originating from before the u.s. currency dollar being seen faster.Due to the international pressure on market prices of most kamoditij. At the moment the dollar index close to 97.80 trade deficit.
Not even the prospect of further deterioration has subsided
The u.s. Central Bank meeting on interest rates may rise, if interest rates rise in the u.s. currency is expected to arrive and so put pressure on the prices of most commodity markets will kamoditij and crude oil prices and declining.Last week, the International Energy Agency, IEA has estimated that crude oil supply than demand in the market of year 2016 made during May. While on the other hand OPEC Nations increase output from remain constant estimated.In these circumstances, the decline in crude oil prices in the international market may remain.
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