Oil prices closed with a fall of around 4.5% on the New York market, the black gold has suffered from both macro-economic indicators considered bad American and soaring dollar.
On the Nymex, the contract on July U.S. crude (WTI) ended on a loss of $ 4.56, or 4.59% to 94.81 dollars a barrel. Meanwhile, Brent yielded 2.38%, or 2.86 dollars to 117.30 dollars.
U.S. crude is thus fell to its lowest closing since February, from both in its 150 days moving average and below the key resistance of $ 95.
Black gold at a time erased some of its losses after the announcement of the U.S. Agency for Energy Information (EIA) of a steeper decline in crude inventories last week.
Oil, as Wall Street, in particular suffered from the publication of the Empire State index, which shows a sharp decline in manufacturing activity in the State of New York.
"Everybody rushes for the exit. It's been a while that the market was overvalued (...)", said Tim Evans, energy analyst at Citi Futures Perspective.
"To me, the WTI is better valued at 85 dollars a barrel and Brent at 90 dollars," he added.
The jump in the dollar, as investors sought still are worried, precipitated the decline of oil.
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