The price of Texas intermediate oil (WTI) opened this Thursday with a drop of 0.58%, to $77.46 a barrel, while operators have their eyes on the evolution of the conflict in middle East and the outlook for crude oil demand.
At 9:05 local time (14:05 GMT), WTI futures contracts for delivery in April fell $0.45 compared to the close of the previous session, opening lower after a few days of gains driven by the tension in middle East.
The conflict in the area, especially in Israel y Palestinecontinues to worry investors, especially after Israel’s airstrike on the Lebanon and recent attacks by Yemen’s Houthi militants on commercial ships.
This morning analysts are also paying attention to data from the Energy Information Administration’s weekly oil situation report, which is released a day late due to Monday’s holiday, when USA celebrated the President’s day. EFE (I)
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