Oil prices remain above $71.50 per barrel [E]

Oil prices remains above $71.50 per barrel therefore intense conditions keep around of Iran nuclear program. Growth of oil prices on Monday was stopped by announcements of Fed Chairman about necessity to observe inflation that bring to the growth of fears about following Fed rate hike . “I don’t think that someone considers an opportunity of further reduction of prices in the market ", - said the broker from Bache Financial Toni Mahachek. Despite expectations of oil stock growth in the USA, I would be surprised, if the prices have continued to decrease,” - added Mahachek. Technical analysts expect resistance for Brent on $72.20, next key level $74. The Supreme commissioner of foreign policy, EU Haver Solana has transferred the European offers about the decision of the Iranian problem to the secretary of the Sovereign Council of national safety of Iran Ali Larijany. Iran is the fourth world largest manufacturer of oil - extracted in April 3.85 million barrels of oil per day. The country supervises east coast of Ormuz pass which passes up to 17 million barrels of oil per day from Persian gulf. There are 20% world supply. The fire on Total oil refining plant in Antwerp (Belgium) with capacity of 350 thousand barrels of oil per day added the upward pressure on oil prices.