Futures contracts for crude oil prices fell on Monday on the back of rising US dollar, which is gaining strength from the expectation that the situation began to dominate the market in the past few Sueat on Greek proposals concerning economic reforms in Greece complement the meetings last week in Brussels between the parties to the European Community.
With this state of tension, the markets began dug up last week's data for crude oil as issued by the American Petroleum Institute estimates oil inventories, which rose by about 14.3 million barrels from the previous week.
This is not global demand is still lower than the normal rates at a time when the Organization of Petroleum Exporting Countries countries did not reduce the (OPEC) of production, leading to a sell for decades oil futures with every attempt to increase and exploit the presence of resistors Technology at 53.50 - 54.00 dollars areas barrel.
Volatility may continue up and down with the uncertainty on the termination of the Greek issue while also waiting for the markets tomorrow to hear comments Janet Yellen president of the Federal Reserve Bank of the US before the committees of finance and economy in Congress, and so the impact on the US dollar movements after the last minutes of the meeting MPC and make sure that it lingered in the bank to raise interest rates.
Finally, other tensions on the Ukrainian arena must take into account for speculators on the futures rising crude oil prices.