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Crude oil prices fall as oil drilling rigs rise in the United State
Oil prices fell on Monday as the number of drilling rigs in the United States indicated higher production, but prices remained near their three-year high and were on the rise for the second consecutive month .
US crude futures traded at $ 67.85 a barrel, after hitting a high of $ 68.58 a barrel, while opening today's session at $ 68.03 a barrel, the lowest level at $ 67.55 a barrel .
Support for crude oil prices over the past period has been fueled by concerns about supply decline amid the possibility that the United States will re-impose sanctions on Iran, while producers from OPEC and abroad continue to reduce production rates .
US President Donald Trump will decide by May 12 whether to restore sanctions on Iran lifted after agreeing on its disputed nuclear program, which is likely to cut Iranian oil exports .
The report of the number of oil rigs operating in the United States showed a rise of five excavators during the week ended April 27, bringing the total to 825 diggers, the highest level since March 2015 .
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