Its price has been located in more than 13 US dollars at 13:15 (GMT), according to data from the NYMEX exchange.
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The prices of the futures for June of the US crude WTI have risen this April 22 more than 17%, standing at 13:15 (GMT) at more than 13 US dollars.
Is bullish trend has continued, and within an hour the price of these futures rose more than 26%, up to $ 14.69.
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This increase is recorded one day after the cost of these futures for June fell below $ 7.
Oil in general, and particularly US WTI crude, is going through difficult times due to the global demand crisis caused by the covid-19 pandemic. Thus, this April 20, the futures for May of WTI plummeted more than 305% in a day, to its historical minimum of -37.63 dollars.
West Texas Intermediate (WTI) is a class of crude oil produced in Texas and southern Oklahoma that serves as a benchmark for pricing other crude streams. It is much less heavy than Brent and has low sulfur content.
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