The oil price intermediate of Texas (WTI) closed this Friday with a decrease of 2.1% and stood at 79.49 dollars, returning to below the barrier of 80 dollars, when investors are waiting for what the WTI will decide. OPEC+ on crude oil production when it meets on October 5.
At the end of the operations in the New York Mercantile Exchange (Nymex) on this last day of September, the futures contracts of the WTI for delivery in November they subtracted 1.74 dollars from the previous close.
Last week US crude closed at a similar figure, 78.74 dollars, but on the last day of August black gold closed at 86.27 dollars.
Read: Fuel prices remain unchanged
The main factor behind the fall in prices is the fear of a recession, fueled by the rise in interest rates that have also influenced the strengthening of the dollar -affecting the competitiveness of WTI- and which points to a reduction in the demand.
In recent days, several reports suggest that Russia could recommend to OPEC + to reduce its production by one million barrels per day at its next meeting, in an attempt to stop the fall in prices.
Experts also expect a cut in production due to fears of a drop in demand due to a possible global economic slowdown and the strength of the dollar.
Natural gas futures for October fell 10 cents to $6.76, and gasoline futures due the same month were down 3 cents to $2.47 a gallon.
You could read: What will be the route that the monorail will travel in Santiago?
Fuel price in DR
For the week of October 1 to 7, 2022, the Ministry of Industry, Commerce and MiPymes provides that fuels be marketed at the following prices:
- Premium gasoline will be sold at RD$293.60 per gallon, maintaining its price.
- Regular Gasoline RD$274.50 per gallon maintains its price.
- Regular Diesel RD$221.60 per gallon maintains its price.
- Optimum Diesel RD$241.10 per gallon maintains its price.
- Avtur RD$273.91 per gallon maintains its price.
- Kerosene RD$338.10 per gallon maintains its price.
- Fuel Oil #6 RD$192.11 per gallon maintains its price.
- Fuel Oil 1%S RD$211.77 per gallon maintains its price.
- Liquefied Petroleum Gas (LPG) RD$147.60 per gallon maintains its price.
- Natural Gas RD$28.97 per m3 maintains its price.
