Basically the recovery of oil prices going up in recent years, the same direction as gold , mainly due to dollar depreciation rather than motivation from OPEC. Venuezuela Iraq and would not want to freeze oil output with the difficult economic situation of both countries. Therefore, the possibility of meeting in June will cause oil prices to drop very sharply.
On 02/06/2016 next day, OPEC will meet in Vienna (Austria). According to our assessment, there is little possibility of OPEC will reach an agreement "to freeze output," not to mention "output cut" after the failed meeting in April.