The price of Texas intermediate oil (WTI) It closed this Friday with a rise of 0.4%, up to $86.91 per barrel, chaining another week of growth.
At the close of trading on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in May totaled $0.32 compared to the close of the previous day.
WTI has appreciated more than 4% this week and today temporarily surpassed the $87 barrier, pressured by geopolitical tensions in the Middle East.
The market is awaiting possible retaliation by Iran against Israel for the recent attack on the Iranian consulate in Damascusattributed to the Jewish state.
That outlook has generated risk aversion and boosted crude oil “in preparation for a sharp rise in price if confrontation occurs,” he said in a note. Phil Flynnanalyst at The price futures group.
This year, the American barrel has already risen by 21% – and the European barrel of Brent by 18% – due to conflicts in Gaza and in Ukraine and fear of a global supply shortfall.
According to analysts, data on the labor market in the US also influenced today, which remains strong in a context of high interest rates and the fight against inflation.
On the other hand, natural gas futures contracts for May added 1 cent, to $1.78 per thousand cubic feet, and gasoline futures contracts expiring the same month fell less than 1 cent, to $2.79 per gallon. EFE (I)
#Texas #oil #closed #USD #barrel
