The price of Petroleum intermediate of Texas (WTI) opened this Friday with a rise of 1.06% and stood at 109.41 dollars a barrel, chaining three consecutive days of increases due to pressure on supply due to the consequences of the war in Ukraine.
At 9:00 a.m. local time in New York (13:00 GMT), WTI futures contracts for delivery in June gained $1.15 from the previous day’s close.
The price of US reference crude oil started the day on the rise for the third consecutive day due to the proposal of the European Union (EU) to gradually veto the import of Petroleum Russian.
This move made clear what had been feared for weeks, that the Russian oil supply would finally be affected by the war.
Yesterday, OPEC and Russia reconfirmed their oil alliance, which provides for a monthly adjustment mechanism that sets the joint production ceiling as of June 1 at 42.558 million barrels per day (mbd), 432,000 bpd more that in May.
An increase in accordance with the roadmap set by the oil cartel, but which some analysts consider “moderate”, precisely due to the progressive veto that Europe will impose on Moscow. EFE
