Oil rises 3.7% and closes in NY at US $ 72.05

New York. The price of intermediate oil of Texas (WTI) closed yesterday Tuesday with a rise of 3.7% and stood at 72.05 dollars, its highest price in almost two weeks.

According to data at the end of trading on the New York Mercantile Exchange (Nymex), WTI futures contracts for January delivery totaled $ 2.56 from the previous session. WIT crude continues to recover from the loss in value last week, which was caused by the fear of the omicron variant of the coronavirus and its impact on the economy and energy demand. That fear has been easing since the beginning of this week, encouraging stock markets and pushing the price of Texas futures above $ 70, though analysts are still cautious. firm Rystad Energy, noted that the “positive market reaction may be based more on hope than on quantifiable projections of demand”, as the information available remains limited.