The oil price intermediate of Texas (WTI) fell 2.2% this Monday and closed at $77.90 a barrel, its lowest level in more than two weeks, when investors are attentive to what will be the next step in the Federal Reserve (Fed) of USA after their meeting this week.
At the close of the operations in New Yorkthe futures contracts of the WTI for delivery in March, $1.78 remained with respect to the close of the previous day.
The central bank will meet this week and experts say it will ease its interest rate hikes further, likely to a quarter of a percentage point.
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the fed it raised interest rates seven times last year in a quest to slow economic growth to reduce inflation.
However, investors fear that the rate hikes could translate into a recession, which would affect the consumption of black gold.
In addition, this Wednesday there will be a meeting of key ministers of the group OPEC+formed by the Organization of Exporting Countries of Oil (OPEC) and allies such as Russia.
On the other hand, the natural gas futures contracts for March subtracted 0.17 dollars, up to 2.67 dollars, and those of gasoline maturing in the same month, 0.08 remained dollars a gallonup to 2.48.
