Oil falls due to increased exploration activity in America

Oil prices fell again on Monday after data showed that US companies increased the number of drilling rigs in the production areas.

Futures price of crude has dropped global measurement (Brent) at the beginning of the trading week, the Asian markets more than seventy cents to about $ 47.30 a barrel. The decline in the price of US light crude futures (WTI) eighty cents to just over $ 45 a barrel.

The price of Brent crude exceeded fifty dollars last week 's level after data showed an unexpected drop of oil stocks in the United States, but the price end of theweek fell more than two dollars a barrel.

The Reuters news agency quoted for dealers to increase oil exploration in the United States indicate that it has become possible for American oil producers reap profits in the range of the current price levels.

And seeks the Organization of Petroleum Exporting Countries (OPEC) to agree on a formula to help stabilize the oil market, leading to higher prices , which says the current - producing countries it is unfair.