The price of Texas intermediate oil (WTI) closed yesterday with a rise of 4.5% and stood at 95.72 dollars a barrel, with which it appreciates almost 9% in the month of February.
According to data at the end of operations on the New York Mercantile Exchange, WTI futures contracts for delivery in April added 4.13 dollars compared to the previous close. The US reference crude ended the session more expensive than at the opening due to the failure to achieve a ceasefire in the Russian invasion of Ukraine after the negotiations held yesterday between both parties.
Washington and other Western governments have responded to Moscow with sanctions that affect its financial system and that could cause a rapid entry into recession in that country, according to analysts. Oil prices have come under upward pressure, with Brent briefly breaking above $100 a barrel on Monday morning, on fears that Russia’s fuel supply will be squeezed.
