The price of Texas intermediate oil (WTI) It opened this Tuesday with a drop of 0.19%, to $86.27 a barrel.
At 9:01 local time (13:01 GMT), WTI futures contracts for delivery in May were down $0.16 from the close of the previous session.
As indicated Tom Try today in your report The Sevens Reportgeopolitics is currently the main influencing factor in the oil market.
The initial perception of an improvement in the geopolitical dynamics between Israel y Hamas weighed on oil prices yesterday. Over the weekend, Israel withdrew some troops from parts of Gaza.
However, yesterday Hamas reportedly rejected the latest ceasefire agreement proposal and the Israeli Prime Minister, Benjamin Netanyahuannounced that “a date has been set” for an invasion of Rafah – in the south of the Gaza Strip-.
“Renewed uncertainties about the potential for the military conflict to escalate caused much of the initial losses to be recovered over the course of the day and WTI ended (Monday) down a modest 0.40%.”, recalls Essaye. EFE (I)
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