Home » Business » Texas oil opens with a rise to USD 79.15 – 2024-05-09 04:39:40

Texas oil opens with a rise to USD 79.15 – 2024-05-09 04:39:40

In this Jan. 8, 2015, photo, a group of oil workers is seen during a sandstorm in Sakhir, Bahrain. Oil-producing nations meet in Qatar on April 17, 2016 amid dissension. (AP Photo/Hasan Jamali, File)

The price of Texas intermediate oil (WTI) It opened this Friday with a rise of 0.25%, at $79.15 a barrel.

At 09:10 local time (13:10 GMT), WTI futures contracts for delivery in June rose $0.02 compared to the close of the previous session.

commercial crude oil inventories USAwhich exclude strategic oil reserves, increased by 7.3 million barrels to 461 million barrels last week.

Besides, the Reserva Federal (Fed) It kept interest rates stable this Wednesday, given the “lack of progress” in reducing inflation to its goal of 2%.

The oil market continues in a panorama of uncertainty about demand and high interest rates that are causing limited sales given that the Organization of Petroleum Exporting Countries and allies -included Russia– (OPEC+) continue to slow down production.

The next meeting of OPEC+ members is set for June 1.

On the other hand, the geopolitical risk premiums resulting from the war between Israel y Hamas They have also faded as both sides negotiate a temporary ceasefire and hold talks with international mediators. EFE (I)

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