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On May 31 the world oil prices show a united dynamics. There are different factors that influence on them, since the investors evaluate the possible results of the expected OPEC member states’ meeting, as well as the data of global economy and the "black gold" demands. All these is supported by the results of trading, reports RIA Novosti .

Brent crude oil futures for August fell by 0.34 % reaching $50.19 per barrel . The price of the WTI crude oil futures for July rose by 0.36 %, $49.51 dollars per barrel. Traders are waiting for the meeting of the OPEC member countries, which will be held in Vienna on 2 June. Many analysts do not expect any change in the quantity of oil’s export. 

“OPEC has no reason to cut production at this point when the market is back to an equilibrium," said Neil Beveridge, a senior analyst at Bernstein Research

On the other hand, investors believe that the oil price will continue to grow as the state of the global economy improves, so do the "black gold" demands.

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