The price of Texas intermediate oil (WTI) closed this Tuesday with a drop of 0.1%, to $85.36 a barrel, in a day of little movement focused on middle East.
At the end of the session in the New York Mercantile Exchange (Nymex)WTI futures contracts for delivery in May subtracted 5 cents from Monday’s close.
The market remains in a tense calm, with investors awaiting the possible response of Israel to the attack that Iran launched by air into its territory this past Saturday without causing major damage.
This Monday, Israel suggested that it could respond to the Iranian attack, without giving details, but the United States and other of its allies urged caution, and also the UN to de-escalate the situation.
Apart from that, the US Secretary of the Treasury, Janet Yellentoday alluded to possible sanctions on Iran’s oil sector, although he avoided delving into the issue.
Natural gas futures contracts for May rose 2.4% to $1.73 per thousand cubic feet and gasoline futures expiring the same month rose 1.23% to $2.82 per gallon. EFE (I)
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