Oil prices are falling by the stronger US dollar

Oil prices fell in trading on Monday, due to a stronger dollar, in anticipation of the outcome of OPEC's next scheduled meeting on 5 June

By 10:26 pm (GMT), futures for Brent fell, Brent, for July delivery rose 7 cents to $ 65.30 a barrel.

And West Texas crude fell US contracts for delivery in July 36 cents by 0.6%, to $ 59.36 a barrel.

The decline in oil prices amid the dollar rose to its highest level against the euro and the yen in two months, the dollar continued to rise against major currencies by 0.34% to the highest level in a month to 96.435.

And declining oil amid thin trading Monday, with holidays in the United States of America, Day memories, Britain, Spring Break, and France and Shresra, Holy Monday.

It showed among Mtaatadh in power, that the global demand for oil is still continuing to trend upward, with the release of data is no evidence of any signs of slowing down during April, despite the rise in prices.

The Japanese Ministry of Finance, on Monday, said that crude oil imports rose by 9.1% on an annual basis to 3.62 million barrels per day in April

In China, crude imports hit a record high of 7.4 million barrels per day in April, with car sales rising.

In spite of the decline in US stocks and continued unrest in the Middle East, oil markets are oversupplied, the center of the stability of the US oil production is near its highest level in several decades, at 9.4 million barrels per day. At the same time, other oil-producing countries such as Russia pumps and Saudi Arabia oil at a record pace. Few expect to cut Organization of Petroleum Exporting Countries "OPEC" production at its meeting to be held on 5 June.

And continue the Kingdom of Saudi Arabia, the largest oil exporter in the world, in the production of crude oil at record levels to keep its share in the global markets.

Oil prices rose in the last four months by about 44%, up from $ 40 a barrel in January 2015, on the back of expectations that the oil boom in the United States will slow and therefore will return to the global Alosouk balance.

The weakness of the US dollar has also helped during the last period of recovery in the dollar-denominated commodities, such as oil, which becomes cheaper for holders of other currencies when the dollar goes down.

And declining oil prices remain at about 43.5%, down from $ 115 a barrel during the summer of 2014, for about $ 65 a barrel at the moment.