Oil failed to overcome the mark of $ 63 per barrel

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The price of Brent crude oil on Wednesday, 19 June decreased relative to the previous close of 0.6% to 61,77 dollars per barrel.
The market of “black gold” is falling back, unable to reach out on the eve to the level of $ 63 per barrel.
Investors look to data from the American petroleum Institute (API) on the decline of last week the reserves of “black gold” only to 812 thousand barrels after rising the week earlier at 4.85 million barrels. The experts assess the magnitude of the reduction in 1,077 million barrels.
Meanwhile, the ordinary General Ministerial meeting of OPEC and OPEC+ postponed and will be held in Vienna on 1 and 2 July, respectively, not in late June as previously planned.
The UAE energy Minister Suhail al-mazrouei says OPEC in Vienna will be discussed mainly the length of time the extension of the agreement by OPEC regarding production cuts. The fact of preservation of a truncated production of doubt, not seem to cause.
The Euro against the dollar is trying to start up the circular mark of 1.12 after yesterday’s attack “euromedica” on forex and respite care rate below this level. Yesterday’s accusations of Donald trump’s address Mario Draghi in a deliberate weakening of the Euro are pushing the fed to soften the rhetoric on the question of monetary policy (DCT). Tonight will be clear how the fed is ready to succumb to pressure from trump, accusing, and fed – but too hard the OST.
While it is expected to keep rates at the current level of 2.25-2.5% per annum and the announcement of its reduction in July because of the slowdown in the global economy.
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Valery Polkhovsky,
Financial scout,
Forex Club