The Brent quotes were decreased yesterday, this fact was influenced by the desire of Saudi Arabia to increase the oil production and its export. This decision was made to compensate any possible supply interruption of the valuable fuel to the world market to reduce the inadequate increasing prices.
But the U.S. dollar drop somewhat graded the effect, because of the actions from the part of the Kingdom, and oil, starting out from 123.30 dollars per barrel, hiked up to 124.60 dollars per barrel. Thus, the black gold continues trading within the range, bounded by the specified levels.
This reflects some uncertainty in the oil market, because the Saudi Arabia's efforts restrict the quotes' growth and it is wise, that one should also take into account the probability of opening the strategic reserves from the part of the U.S. and the UK. On the other hand, according to IAFT analysts, the risks of military strikes against the Iranian nuclear facilities from the part of Israel and/or the U.S., create a threat of the region's security, thus, the oil supply from there is doubtful.