the price of oil Texas Intermediate (WTI) closed today with a rise of 0.3%, to 90.77 dollars a barrel, although it fell for the week as a whole as a result of concerns about the global economic situation.
At the end of the operations in the New York Mercantile Exchange (Nymex)futures contracts of WTI for delivery in September added 27 cents from the previous close.
Despite accumulating three days in a row positively, the price black gold has not recovered from the clear losses it suffered on Monday and Tuesday, and closes the week with a decline of 1.43%.
The declines have been attributed mainly to fears of a global recession after bad data cheap in chinato strength of the dollar – which makes the product for countries with other currencies – and to possiblethe possibility of Iran increasing its exports if an agreement is finally closed about your program nuclear, that would bring about an uprising of economic sanctions.
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The back bounce occurred after the Information Management Energetic (EIA) will announce that stocks US crude oil trades 7.1 million barrels fell in the week ending 12 August, up to 425 million barrels, and that the country’s crude oil exports reached 5 million barrels per day.
According to some analysts, it also favored the quote a statement by the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC)), Haitham Al Ghaiswho said that it is not an easy task replace russian barrels lost in the global market.
al ghais He added that the lack of investment will convert andn a headwind for producers trying to meet the growing demand in the years to come.
The futures contracts of natural gas for september rose nearly 15 cents, down to 9.37 dollars, and gasoline with expiration on same month they fell less than 1 cent, down to 3,015 dollars the gallon
