The price of Texas intermediate oil (WTI) It opened this Wednesday with a rise of 0.86%, reaching $73.94 a barrel, a price that seems to depend less and less on geopolitical tensions, according to analysts.
At 9:02 local time (14:02 GMT), WTI futures contracts for delivery in March added 63 cents to the close of the previous session.
As negotiations progress and the possibility of a ceasefire in Gazaa climate of tension is taken for granted in the coming months which, despite everything, does not seem to be fundamentally affecting the supply of crude oil produced in the Persian Gulf region.
The CNBC network points this Wednesday to reasons strictly linked to the crude oil market, and specifically to production in USAwhich is growing at a slower rate in the current year, after having reached a peak of 13.3 million barrels per day last December, a figure that may not be repeated until 2025, according to its forecasts.
The analyst Tom Try, points out in its daily report The Sevens Report that other factors must be taken into account such as the solid economic data of the euro zone and a relatively low dollar – the currency in which most oil transactions are carried out. EFE (I)
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