The price of Texas intermediate oil (WTI) It opened this Wednesday with a drop of 0.31%, to $83.10 a barrel, after having experienced a strong rise of almost two points in previous hours.
At 9:03 local time (13:03 GMT), WTI futures contracts for delivery in June subtracted 26 cents from the close of the previous session.
After several days in which attention has been focused above all on the possibility of a military escalation between Israel e Iranand when those fears now seem to dissipate, investors are now waiting to know if the US government will toughen sanctions against Iran and their possible effects on crude oil.
“We are of the opinion that the Biden administration has no intention of applying sanctions more severely that could cause global crude oil prices to skyrocket, and consequently those of retail gasoline in the US, given that it is an election year.”the risk consulting firm said in a note to its clients. Rapidan Energy.
The supreme leader of Iran, Ali Jamenei, affirmed this Wednesday that the sanctions will not break his country and assured that they have made progress despite the restrictive measures, giving as an example the development of its arms sector. EFE (I)
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