Home » Business » WTI oil opens with a decrease to USD 78.50 – 2024-03-13 08:25:12

WTI oil opens with a decrease to USD 78.50 – 2024-03-13 08:25:12

The price of Texas intermediate oil (WTI) It opened this Friday with a decrease of 0.54%, to $78.50 a barrel.

At 9:04 local time (14:04 GMT), WTI futures contracts for delivery in April lost 43 cents compared to the close of the previous session.

The markets are attentive to the next movements of the Federal Reserve and his next interest rate cut, which his president Jerome Powell has been placed before the end of the year but no longer in the first semester.

Generally, lower interest rates serve as a stimulus to economic growth, which is accompanied by greater demand for crude oil.

Another piece of information that may weigh on the price of oil today are the latest employment figures: in February, 275,000 net jobs were created, and the unemployment rate rose to 3.9%, two tenths more than the previous month. EFE (I)

#WTI #oil #opens #decrease #USD

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