Oil prices fell as the rise burdened RIG - Oil prices were seen weakened or dropped to the lowest level in three months and are at price $ 47.90 on Monday. despite OPEC still restrict output of crude oil, oil prices pushed down due to the continued increase in the US drillers activation rig.
WTI oil price movements today that are in the path of decline five consecutive days, where oil prices have fallen by around 9.3% over the period. The decline in oil prices that occurred because more rigs were deployed to search or drill for oil in the United States and crude oil reserves in the US, is the world's largest oil consumer, has soared to a record high.
Baker Hughes also reported that the oil rigs in the US, now has risen in eight last week, as the energy company that also increases spending to take advantage at the start of a recovery in crude oil prices since OPEC agreed to cut production.