He oil price Texas Intermediate (WTI) rose 1.9% this Friday and closed at $79.68 a barrel after a day of speculation about the possible departure of the Emirates united arabs (UAE) of the OPEC producer group.
At the close of business in New York, a barrel of WTI for April delivery added $1.52 compared to the close of the previous session.
US crude fell sharply after The Wall Street Journal reported this morning that the UAE is internally debating leaving OPEC due to resurgence of political and economic disagreements with Saudi Arabia.
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However, a few hours later, official UAE sources denied those plans, which led to a price increase.
The Texas ends the week with a revaluation of more than 4%, especially due to the good economic data from China and the expectations that its demand will increase after the lifting of the restrictions to contain the covid-19.
On the other hand, futures contracts for natural gas for April they rose 24 cents to $3.01, and gasoline maturing in the same month gained almost 5 cents to $2.75.
