Home » Business » WTI oil opens with a rise to USD 76.44 – 2024-02-14 12:07:50

WTI oil opens with a rise to USD 76.44 – 2024-02-14 12:07:50

A machine pumps oil in Signal Hill, California, USA, today August 29. The authorities fear that oil prices will increase with the arrival of Tropical Storm Idala in the United States. EFE/EPA/CAROLINE BREHMAN

The price of Texas intermediate oil (WTI) It opened this Friday with a rise of 0.29%, reaching $76.44 per barrel, and is on track to close a week with a clear rise close to $4.

At 9:02 local time (14:02 GMT), WTI futures contracts for delivery in March added 22 cents compared to the close of the previous session.

The macroeconomic data seem to neutralize each other: the good health of the US economy, manifested in the business results released in recent days, is opposed by the data of weak growth and weak demand that come from Chinathe world’s second largest consumer of crude oil.

Given this panorama, analysts look again at the geopolitical environment and its possible influence on the price: the truce in Gaza becomes increasingly complicated by the refusal of Israel to sign a ceasefire, but the pressures from its American ally are increasingly stronger in this regard.

Washington It has in mind not only the situation in Gaza itself, but also the contagion effect that the conflict is having throughout the region, one of the most volatile in the world and which also concentrates the largest oil and gas reserves on the planet. EFE (I)

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