The price of Texas intermediate oil (WTI) It opened this Wednesday with a rise of 0.81%, reaching $85.84 per barrel, after achieving its highest price since October yesterday.
At 9:10 local time (13:10 GMT), WTI futures contracts for delivery in May totaled 69 cents compared to the close of the previous session.
The growing tension in middle East y Ukraine They are behind this bullish trend that has taken black gold to levels not seen for six months.
In the Middle East – the region that accumulates the largest reserves in the world – the risks of a regional expansion of the conflict in Gaza are increasingly acute, both in Lebanese territory and in Syriaespecially after the bombing of the Consulate of Iran in Damascuswhat Tehran has promised will not go unanswered.
While in Ukraine, the front is more stabilized, but the contenders seem to opt for more precise attacks, and specifically against energy facilities, such as the one registered on Monday night against an oil refinery in the Russian republic of Tatarstancarried out with long-range drones.
For its part, the OPEC+leadered by Saudi Arabia y Russialeft the group’s current oil supply unchanged this Wednesday, but stressed its willingness to intervene in the market as soon as it considers it necessary, and urged its member countries to comply with the current production cuts.
In total, there are 19 countries in the group committed to the supply cuts adopted in 2022 and 2023 (all members except Venezuela, Iran y Libya), to which are added in some cases plans for additional and voluntary reductions.
The objective of these limitations on oil supply is to avoid downward pressure on barrel prices caused by excess supplies. EFE (I)
#WTI #oil #opens #rise #USD
