Crude Oil remains under pressure ahead of OPEC meeting
June 4th 2015
Crude oil
continued its decline below $60 per barrel on the Asian trade Thursday, despite
the decrease of the U.S. crude oil inventories and the
dropping of the greenback which should push the oil prices to recover. However,
the oil prices remained under pressure as investors are monitoring cautiously
the outcomes of the OPEC meeting due on Friday June 5th 2015. With
increasing concerns that it will maintain its current production and this could
accelerate the sell-off by speculators.
