World market oil price slash below $ 100 a barrel in trading day. OPEC discussion about increases production and also US economic indicates positive effect like dollars demand increases oil price come down.
Already economic research saws mid of the year oil prices to be down but unexpected evens in south Africa countries conflict price hike more in the past month.
Market Trend in London & Europe
By early afternoon in Europe, benchmark oil for July delivery was down $1.02 to $99.20 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 18 cents to settle at $100.22 on Friday. In London, Brent crude for July delivery was down $1.25 to $114.59 a barrel on the ICE Futures exchange.
Future Expectation - OPEC
Investors will be closely watching Wednesday's meeting of the Organization of Petroleum Exporting Countries in Vienna. The 12-member cartel, which produces about 40 percent of global crude supplies, will be debating whether to boost production to help lower prices.
Expectation in Future
1. Increases Production after the OPEC meeting.
2. Positive effect on US Economic.
3. US Job opportunities increases
4. Dollars Value increase
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