New York. The price of intermediate oil of Texas (WTI) closed yesterday Tuesday with a slight decrease of 0.2% and stood at 80.76 dollars.
According to data at the end of the operations in the New York Mercantile Exchange (Nymex), the WTI futures contracts for delivery in December subtracted 0.12 dollars from the previous session.
US benchmark crude went through another day of caution on expectations of another weekly surge in US crude reserves, ending in the red after a positive start.
They project will continue high
Some experts believe that, despite the volatility of the market, oil prices can remain above $ 80 given the sector’s forecasts.
“Although traders cut a few dollars last week and began Monday cautiously, the short-term trajectory is still bullish for oil,” said Rystad Energy analyst Louise Dickson.
Bullish factors
Bullish factors include low inventories, the arrival of winter in the northern hemisphere and the still limited production of the OPEC + alliance.
However, the market is concerned about the rebound in coronavirus cases that is being seen in Europe and China, and its impact on demand.
On the other hand, natural gas contracts for December delivery rose 16 cents to $ 5.18 per thousand cubic feet, and gasoline contracts due the same month added 2 cents to $ 2.35 a gallon.
