As the U.S. dollar gains in strength and the demand for oil seems to be dissipating, Brent crude oil fell from $75 a barrel in July to $64 in August it’s lowest level in months. Other price related factors include the end of summer driving season and the upcoming economic symposium in Wyoming. OPEC is also set to meet in September.
Source: WSJ – Oil Prices Fall to Lowest Point Since May on Stronger Dollar
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