Home » Business » Texas oil opens with a rise to USD 82.56 – 2024-04-04 15:13:55

Texas oil opens with a rise to USD 82.56 – 2024-04-04 15:13:55

The price of Texas intermediate oil (WTI) It opened this Thursday with a rise of 1.49%, to $82.56 a barrel.

At 9:00 a.m. local time (1:00 p.m. GMT), WTI futures contracts for delivery in May totaled $1.21 compared to the close of the previous session.

The Energy Information Administration (AIE) reported this Wednesday that commercial crude oil reserves in USA -which exclude the strategic oil reserve- increased by 3.2 million barrels in the week ending March 22.

According to the agency, the increase in inventories is due to the fact that refineries intensified the use of their capacity.

For its part, national crude oil production remained at 13.1 million barrels per day, and gasoline inventories increased by 1.3 million barrels.

According to the analyst today Tom Try In their The Sevens Report, “consumer demand for refined products remains healthy despite growing economic uncertainties and Federal Reserve policies that threaten demand.” EFE (I)

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