The price of Texas intermediate oil (WTI) The month began with a powerful rise of 2.03%, at $79.85 per barrel, thus continuing the rise achieved in February.
At 9:00 a.m. local time (14:00 GMT), WTI futures contracts for delivery in April rose $1.59 compared to the close of the previous session.
Over the course of February, black gold rose almost 6%.
“WTI crude oil futures hit $80 a barrel again yesterday, far surpassing the $79 level in midday trading before OPEC oil production figures for January were released, showing a increase of 90,000 barrels per day in total production»write down this Friday Tom Try in your report The Sevens Report.
The expert also emphasizes that, although it is not a large increase, any increase in production at a time when members are committed to reducing production “raises doubts about the unity of the group of oil producers and their will.” to continue complying with self-imposed production restrictions.
“In short, nervousness about future OPEC+ policy weighed on the oil market”, concludes Essaye. EFE (I)
#Oil #starts #March #rise #USD
