He oil price intermediate of Texas (WTI) fell 0.2% this Tuesday and closed at $76.16 a barrel, thus ending its last day of trading for March contracts lower.
At the close of business in NYthe barrel of WTI for delivery in March fell $0.18 compared to the previous close.
Black gold continued with the losses of last week, due, among other things, to the strengthening of the dollar against other currencies and the fear that a possible recession would affect the demand for crude oil.
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“From a demand point of view, recessions are clearly not a positive situation for the consumption of refined products,” he said. Tom Essaye in his report for The Sevens Report.
On the other hand, the futures contracts of natural gas for March they subtracted 0.20 dollars, up to 2.07 dollars, and those of gasoline due the same month added up $0.007, up to $2.41.
