The price of Texas intermediate oil (WTI) opened this Tuesday with an increase of 0.56%, to 79.63 dollars a barrel, again pending the tension in middle East.
At 9:02 a.m. local time (14:02 GMT), WTI futures contracts for delivery in March totaled 44 cents compared to the close of the previous session,
In the absence of new macroeconomic data in USA o Chinathe world’s two largest consumers of crude oil, analysts’ attention returns to geopolitics, and in particular to the Middle East.
Israel does not finish completing its invasion of Rafahdue in part to pressure from its main partner, the United States, which for the first time is considering calling for a ceasefire in Gaza in the UN Security Council.
Tension remains high on Israel’s border with Lebanonscene of repeated Israeli bombings against Hezbollah targets, and new attacks by Yemen’s Houthis on cargo ships transiting the Red Sea and which highlight the danger of this vital route for the transport of crude oil and all types of merchandise .
Last week, Texas crude oil rose 3% to $79.19 a barrel, a level it had not reached since last November 6. EFE (I)
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