Source Pravda.Ru

Oil prices may fall as USA saves record oil reserves

Last week, it seemed that the oil price would drop below $70 per barrel. Analysts predict that oil prices will continue declining, which will affect the rate of the Russian ruble.

Oil prices may fall as the United states of America has been buying large volumes of oil lately. Over the past 18 months, the USA has amassed a record amount of "black gold." According to experts' estimates, over 98 percent of American oil refineries operate at full capacity, resulting in the accumulation of millions of barrels of surplus oil in storage facilities across the States.

It is believed that it was US President Donald Trump who approved of such a policy as part of the thought-out and purposeful plan of action. Over the past few months, Trump has criticized OPEC for raising oil prices artificially. It appears that the United States has declared a war on the Organization of the Petroleum Exporting Countries as well.

Comments
X-Files of Soviet Defense Ministry exposed
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Austrian spy scandal: Russian intelligence falls flat on its face
Austrian spy scandal: Russian intelligence falls flat on its face
On the report of Human Rights Watch against the DPRK
Russia negotiates with terrorists in Moscow
On the report of Human Rights Watch against the DPRK
On the report of Human Rights Watch against the DPRK
On the report of Human Rights Watch against the DPRK
World War I: Remembering the fallen, and the war criminals
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Norwegians complain of demoralised NATO soldiers
The difference between Polish and Ukrainian nationalism is plain to see
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Mikhail Gorbachev shares his thoughts on nuclear war
Russia sets S-300 systems in Syria on combat readiness
Without INF Treaty, USA can destroy Russian nuclear weapons easily