The price of Texas intermediate oil (WTI) closed this Friday with a rise of 0.45%, to $85.40 a barrel, given the escalation of the conflict in middle East.
At the end of the session in the New York Mercantile Exchange (Nymex)WTI futures contracts for delivery in May added 0.38 dollars compared to the close of the previous day.
Throughout the day, crude oil prices surpassed $86 due to the possibility of an imminent attack by Iran contra Israelwhich also put upward pressure on gold and sovereign bonds.
The Wall Street Journal reported today that Israel is preparing for a possible attack by Iran that could occur as soon as this Friday or Saturday, according to a source familiar with the matter that the newspaper does not specify.
However, Texas futures have fallen 1.49% this week due to inflationary pressures and low expectations that the Reserva Federal (Fed) carry out interest rate cuts soon.
Low interest rates tend to stimulate consumption in general and demand for oil and oil derivatives in particular.
Natural gas futures contracts for May rose 0.34%, to $1.77 per thousand cubic feet – after falling more than 6% on Thursday – and gasoline futures expiring the same month rose 0. 8%, to $2.79 per gallon. EFE (I)
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