The rise of oil as the dollar fell and US stocks expected to fall

Futures for crude oil prices rose on Tuesday as a falling dollar and supported by expectations that crude inventories in the US fell last week for the fifth week in a row.

Price also boosted by expectations that the Organization keep the Petroleum Exporting Countries (OPEC) on its production ceiling unchanged when it meets in Vienna on Friday to discuss output policy for the next six months.

A survey of analysts by Reuters noted that the Energy Information Administration of the US government report will show that crude stocks in the United States fell two million barrels last week. The report issued on Wednesday.

The euro rose against the US dollar on Tuesday, which is heading towards its biggest decline in a single day versus the single currency since mid-March on expectations that Greece will reach a deal with its creditors.

And ascended Brent futures for July delivery settled 61 cents, or 0.94 per cent to $ 65.49 a barrel.

US crude settled at US $ 1.06 or 1.76 percent to $ 61.26 a barrel.

It is scheduled to meet OPEC, which contribute more than one-third of the world's crude production next Friday in Vienna to determine the level of production during the next six months.

Organization and exceed production demand for its oil this year by as much as two million barrels per day, but analysts expect increased demand, which would contribute in stock absorption and re-balancing of the market.