New York. The price of Texas Intermediate Oil (WTI) closed Wednesday up 2% to settle at $87.35, pending Federal Reserve and geopolitical issues.
According to data at the end of operations on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in March added 1.75 dollars compared to the close of the previous session.
Benchmark oil in the United States (US) moderated its rise earlier in the day, which was marked by geopolitical issues and the Federal Reserve meeting on monetary policy. The president of the United States, Joe Biden, said that he is considering imposing sanctions on Russian President Vladimir Putin if he decides to invade Ukraine, although his representative before NATO stressed that the Alliance is committed to dialogue.
